Milpitas Real Estate Market Update 06-07-2018

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1) Milpitas MLS Market Update-
-27 pending sales
-new listings:
-1246 Tularcitos Dr 4bd 21/2 ba 3390sf lot size 21,456sf $1,898,000
-165 N Hillview Dr 4bd 3ba 2390sf lot size 6644sf $1,398,000
-226 Ayer Ln 5bd 3ba 2241sf lot size 3934sf $1,318,000
-1610 Shenandoah Ave 5bd 2 1/2ba 2094sf lot size 5477sf $1,250,000
-85 Pimentel Cr 4bd 3ba 2284sf lot size 1573sf $1,235,000
-863 Nieves St 4bd 3ba 1964sf lot size 6253sf $1,198,888
-477 Folsom Cr 4bd 2 1/2ba 1860sf lot size 4466sf $1,125,000
-1196 Park Willow Ct 3bd 2ba 1146sf lot size 6432sf $975,000
-Update- 309 Norwich Ave, Milpitas…….$1,098,888
-Open Houses:
-1117 Nicklaus Ave, Milpitas $1,298,888 Sat/Sun 6/16 & 6/17
-167 Lawton Dr, Milpitas $988,888 Sat/Sun 6/23 & 6/24
-1526 Braly Ave, Milpitas $988,888 Sat/Sun 7/07 & 7/08
– Coming Soon:
-1845 Blue Spruce Ct, Milpitas $868,888
-2191 Seacliff Dr, Milpitas $1,488,888
2) Current Interest Rates
-4.625% 30 yr fixed conforming
-4.25% 15 yr fixed conforming
-4.75% 30 yr fixed jumbo conforming
-4.375% 15 yr fixed jumbo conforming
3) San Jose Mercury News Articles
-“Report reveals people fleeing Silicon Valley”- 6/01/18
Residents heading for Nevada, Texas and Idaho looking for affordability
-“Red-hot rent prices show signs of cooling”- 6/01/18
San Jose rates increased just 2.1 percent from last year, the
slowest annual growth since 2011
-“How to lay out your entryway, according to a feng shui expert”- 6/02/18
-Eliminate clutter
-Bring the outdoors in
-Pay attention to lighting
-Watch out for mirror placement
-Take care of your front door
-Add a few crystals
-“Home improvements to help your home sell faster and for more money”-6/02/18
-Garage door
-Bathroom addition
-Kitchen upgrade
-Fresh flooring
-Neutral paint
4) City of Milpitas- updates…