Milpitas Real Estate Market Update 12-21-2017

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1) Milpitas MLS Market Update
-Pending sales 17
-new listings:
-1309 Glacier Dr, 4bd 2ba 1901sf lot size 6238sf $978,888
-1062 Dempsey Rd 3bd 3ba 1876sf lot size 3464 $918,000
Next open house coming—- 1/13 & 1/14 for 135 Casper St, Milpitas
3bd 2ba corner lot, original homeowner $998,888
November 2017- Santa Clara County Housing Statistics-Milpitas
-Single family average price $1,073,257
-Single family median price $1,028,000
2) Current Interest Rates
-3.875% 30 yr fixed conforming
-3.375% 15 yr fixed conforming
-4.125% 30 yr fixed jumbo conforming
-3.5% 15 yr fixed jumbo conforming
3)San Jose Mercury News Articles
-“Even wealthy can’t buy a place”- Housing Crunch 1/15/17
-Silicon valley is experiencing a new shortage of high-end homes, according to a
recent report–even a boatload of cash now may not be enough to land your
dream home…there are 42% fewer premium homes available, than at this time
last year
-“Should you install a tankless water heater”- 1/10/17
-How does it work?- provides hot water on demand…providing an endless supply
-Benefits?-energy savings, saving a typical family $100/yr
-Life expectancy- 20 yrs
-“What’s the best kitchen countertop material?”- 1/12/17
-granite, engineered quartz, butcher block, concrete, laminate
-“6 tips to make your bathroom sellable, and enjoyable, at the same time”- 1/17/17
-replace old flooring
-replace tub, for more spacious/relaxation (soaking)
-new lighting
-first-rate upgraded faucets
-replace old sink
-upgrade shower
4) City of Milpitas Update
-check the city’s website to click on link “Milpitas Tour”,,,,,great intro information
regarding the City of Milpitas
-building permit? you can also apply online