Milpitas Real Estate Market Update 12-07-2017

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VIDEO OUTLINE
1) Milpitas MLS Market Update
-11 pending sales
-new listings:
2170 Glenview Drive 4bd 3ba 2815sf lot size 8004sf $1,738,000
1632 California Cr 4bd 3 1/2ba 2405sf lot size 2405sf $1,216,880
1440 Kahler Ct 3bd 2 1/2ba 2424sf lot size 1.32acres $1,198,888
1009 Matterhorn Ct 3bd 2 1/2ba 1742sf lot size 3360sf $1,080,000
113 Jacklin Cr 3bd 3ba 1657sf lot size 3180sf $988,000
1431 Arizona Ave 4bd 2ba 1560sf lot size 6023sf $980,000
Open House Activity- 1564 Portola Drive, 4bd 2ba 1528 sf $1,098,888
Over 85+ groups through over the weekend, 40 disclosure packages
requested by agents,,,,,,,,,offers due Tuesday 12/05
2) Current Interest Rates
-4.0% 30 yr fixed conforming
-3.625% 15 yr fixed conforming
-4.35% 30 yr fixed jumbo
-3.875% 15 yr fixed jumbo
The federal reserve board is anticipating announcing a .25% increase in
discount rate, before the end of this year
3) San Jose Mercury News Articles
-“Tricks of the Trade: How to Maximize your Kitchen Renovation”- 12/02/17
-Be Realistic and Research- find what’s important to you in the design
-Invest Where it Counts- Appliances are expensive, find the very best
you can afford
-Stretch your Renovation Dollars- If cabinets are in good condition, you may
just want to paint them, floorings you might just refinish rather than replace
-Add Personal Touches- use things you already own, objects from travel,
ceramic bowls, handwoven baskets
-Enhance Small Spaces- cabinets painted dark gray/black, un-lacquered
brass hardware,
-Divide Big Spaces into Zones- island location/ appliances, or built-in
banquette area in larger spaces
-Think Long-Term- for investment that lasts look to the classic finishes
-“Seasonal chill cools rents in hot Bay Area apartment market”- 12/03/17
-Apartment prices in the Bay Area dipped last month, but renters,
don’t breathe a sigh of relief- analysts expect prices to continue to climb
in 2018
4) City of Milpitas Update-
-Milpitas Firefighters Toy Program- Saturday 12/16/17 11am-3pm
located at the Milpitas Senior Center (next to City Hall)
visit the city’s website- www.ci.milpitas.ca.gov