Silicon Valley Real Estate & Miscellany

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Real Estate Broker - Certified Realty Services - BRE# 00572654
The Santa Clara County real estate market is adjusting to the tightening credit standards and subsequent loss of Buyers. From about 2002 to 2006 the real estate market was kept more active than the underlying fundamentals would justify because of the liberal financing and easy credit standards. Buyers didn't need a down payment, they didn't to verify their income and they used deeply discounted adjustable interest rate loans to qualify to financing. All of this is "coming home to roost" and the low-end of the market, in particular, is very soft. Well-priced homes in good locations are still active.

ARCHIVED BLOG POSTS

2011 

A Real Estate Market Unto Itself. I closed an escrow on a listing today.  From the Listing Date to the Close of Escrow was exactly 30 days.  Inspections, reports, disclosures and a mini-staging were completed in May before the home was marketed.  The quickness of this transaction is not typical f...
Posted almost 3 years ago
Furniture: Cheap and Trendy, or Expensive and Permanent? Couples who have lived together for 40 years have had nearly every conversation possible.  O.K., I'm exaggerating. A little.  Here's the customary conversation I have with my wife prior to any major furniture purchase.  Names have been omit...
Posted almost 3 years ago
 In the Silicon Valley Garden A very under rated and seldom seen plant for Mediterranean or Silicon Valley gardens is this Yucca Filamentosa 'Bright Edge' Yucca.  It's a small variegated succulent that displays a massive stalk of cream colored flowers in June.  Even without the burst of foliage t...
Posted almost 3 years ago
Home Appreciation Rates in Silicon Valley and Santa Clara County Cities The Table below shows the Median Sale Price in May 1998 and May 2011 for Single Family Residences sold in various cities in Santa Clara County.  The last column shows the average compounded Annual Change from May 1998 through...
Posted almost 3 years ago
Saratoga, CA Real Estate Market Update For May, 2011. The graph below shows the Median Sale Price of Single Family Residences sold in Saratoga, CA on the local Multiple Listing Service (MLSListings) every May from 1998 through May 2011. The May 2011 Median Sale Price of $1,461,500 represents a 12...
Posted almost 3 years ago
Cupertino, CA Real Estate Market Update For May, 2011. The graph below shows the Median Sale Price of Single Family Residences sold in Cupertino on the local Multiple Listing Service (MLSListings) every May from 1998 through May 2011. The May 2011 Median Sale Price of $1,045,000 represents a 8% i...
Posted almost 3 years ago
Santa Clara County Real Estate Market Update for May 2011. This graph shows the Number of Single Family Residence sales in Santa Clara County each May from 1998 through 2011 according the the local Multiple Listing Service (MLSlistings, Inc.).  May 2011 Sales were 17% below the 14-year May averag...
Posted almost 3 years ago
Saratoga, CA Homes Sales in May 2011. In May 2011, the Average Sale Price for Single Family Residences sold in Saratoga, CA was $1,810,496. The boundaries of the City of Saratoga, CA do not coincide with Elementary School Districts boundaries.  In fact, some portion of four different Elementary S...
Posted almost 3 years ago
Homes Sold in Cupertino School District Continue to Sell For More than Asking Price. In May 2011, the Average Single Family Residence sold within the Cupertino Elementary School District sold for 101% of its Asking (List) Price as strong demand and limited supply pushed prices up.  Data are from ...
Posted almost 3 years ago
Rainmaker
335,335

Lloyd Binen

Silicon Valley R since 1976;408-565-8177
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What's Up in Silicon Valley Real Estate. Particularly Saratoga, Cupertino, Campbell, West Valley, Mountain View and Sunnyvale.