Milpitas Real Estate Market Update 11-16-2017

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Video Outline 11-16-2017
1) Milpitas MLS Market Update
-11 pending sales
-new listings:
-471 Willow Ave 4bd 2ba 1405sf lot size 6100sf $899,888
-577 Redwood Ave 3bd 2ba 1253sf lot size 6120sf $869,000
“Coming Soon”- 1564 Portola Drive 4bd 2ba 1568sf lot size 5500sf,
Sinnott Elementary, totally remodeled to a perfect 10!
$1,098,888………..Open House Weekend 12/02 & 12/03
October 2017- MLS Santa Clara County Statistics
-Milpitas Single Family Home average $1,102,314 median $1,040,000
-Milpitas Townhome $ 769,206 $ 847,500
2) Current Interest Rates
-4.0% 30 yr fixed conforming
-3.375% 15 yr fixed conforming
-4.125% 30 yr fixed jumbo
-3.625% 15 yr fixed jumbo
3) San Jose Mercury News Articles
-“Senate GOP plan delays cuts”- 11/10/17
Bill postpones corporate break for a year, saves mortgage interest perk
The mortgage interest deduction limit at $`1M, was saved, compared with
the House legislation releasing last week a cap of $500,000 for new home sales
-“Program to help first-time buyers”- 11/11/17
Housing Trust of Silicon Valley is launching a program designed to help moderate
and middle-income earners make down payments on houses..entitled the Homebuyer
Empowerment Loan Program…..visit their website for details
-“Find your ‘creative eye’ when decorating a new place- 11/12/17
When moving to a new home, develop a creative vision, with the goals of making some
of what you have work, letting to of what doesn’t and knowing where to add new items
Prioritize-Decorating is like working with a mound of clay, you mold it, move it and shape
it, keep doing that until the whole thing clicks
Find Inspiration Right in Front of You- Look at your furnishings out of context and see
what speaks to you—a piece of art, an area rug, a pillow fabric- and let that lead you
Trust your Instincts- Keep playing with placement of items, until it feels right
Create a Homestore-Corral all accessories in one spot, once the walls and floors are
finished and large furniture is in place, then start shopping in your accessory store
4) City of Milpitas Updates
-Friday December 1st, Tree Lighting Ceremony- 30th Anniversary
6:30pm-9:00pm….Civic Center Plaza
-Saturday December 9th- Milk and Cookies with Santa
10:00am- 1:00pm…Milpitas Community Center
-Visit City’s Website…www.ci.milpitas.ca.gov for update on Milpitas Sanitation
Cart Exhange Program