Milpitas Real Estate Market Update 12-28-2017

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VIDEO OUTLINE
1) MLS Milpitas Market Update-
-16 pending sales
-new listings-
-2246 Bliss Ave 4bd 2 1/2 2074sf lot size 5985sf $1,399,000
-280 S Temple Dr 4bd 2ba 1102sf lot size 6647sf $899,998
-531 Willow Ave 4bd 2ba 1666sf lot size 6271sf $899,988
Open House Sat/Sun 1/13 & 1/14 1pm-4pm
135 Casper St, 3bd 2ba corner lot, Spangler Elementary $998,888
2) Current Interest Rates
they have risen slightly
-4.0% 30 yr fixed conforming
-3.5% 15 yr fixed conforming
-4.25% 30 yr fixed jumbo
-3.625% 15 yr fixed jumbo
3) San Jose Mercury News Articles
-“How to build a robust front yard”- 12/03/17
-planting shrubs and drought-resistant plants rather than a lawn is beneficial
-trees and shrubs will also help shade the front of the home
-Preparing the soil, Plant selection,
-“Update before home sale?”- 12/05/17
-First rule, buyers seek the least expensive home in the most expensive
neighborhood
-therefore, if the home has big upgrades, owner is expecting too high of price
-Second rule, the go-to authority in these matters, cost vs value report, differs
-Third rule, many remodeling projects to not result in a 100 percent, resale value
increase
-Fourth rule, some improvements are a turn-off to buyers
-Lastly, before doing anything, speak to a real estate specialist
4) for City of Milpitas updates- visit www.ci.milpitas.ca.gov

Happy New Year……….2018 here we come!!!!