As your listing
agent, I will be diligent in addressing your key concerns: selling price and lead time to actual sale of your home, based on market conditions and comparables in the neighborhood of your choice.
As your buyer
agent, I will help you find at a fair market price your dream home in any of the neighborhoods that fits your needs, your short and long-term personal goals and financial means.
As an investor's
agent, I will help you acquire the knowledge of the areas you are planning to invest in, identify under-valued homes (town homes, condos, TLC and fixer uppers) or lands for sale in the area of your choice and represent your interests to help you achieve the highest possible Return On Investment.
As a Certified Short Sales &
Foreclosure Specialist in California, I will help you negotiate with your lenders to avoid the foreclosure
or the short sale
of your home at all costs. Alternatively, if you are looking to purchase short sales and REO properties
in Silicon Valley, I can assist you to increase your chances of getting your offer accepted.
San Jose Real Estate Market
Heading into 2016, most indicators pointed to the continuation of a hot real estate market in San Jose that would favor home sellers. The local economy was strong, unemployment fell to 3.7%, and the number of homes available for sale remained low, which meant prices would continue to rise.
Trends in 2017
Despite the many signs, 2016 proved to be only warm. This year, only 2 months posted year-over-year price increases of more than 5%. From 2012 through 2015, 46 of 48 months increased more than 5% and 35 of those months were over 10%.
Another area that cooled off was the price-to-list ratio. In 2015, 6 months had a ratio higher than 105%. This year, only one month exceeded 105%. Overall home inventory in 2016 was 3.5% higher than 2015, but unit sales were 7% lower. Usually, more inventory leads to more sales, not less.
These data points show that 2016 proved to be a transitional year toward a more balanced real estate market.
It is more than likely that 2017 will continue the trend towards the same type of market where buyers will continue to focus more on value than availability and sellers will grow to accept slow price appreciation as the new norm.