Sophia Delacotte, Realtor CDPE SFR CHS

Short Sales and Foreclosure Specialist in Silicon Valley

Coldwell Banker Residential Brokerage

1045 Willow St. - San Jose, CA 95125

(408) 717-2575

Welcome to San Jose, CA, in Silicon Valley!

I am a Silicon Valley Realtor affiliated with Coldwell Banker Residential Brokerage based out of the Willow Glen branch in San Jose, CA.

On this website, you will find helpful information and tips about how to sell and buy a home in Silicon Valley. You can browse though current listings of single family houses, town homes, condos, short sales and foreclosed homes for sale in San Jose neighborhoods such as Almaden Valley, Blossom Valley, Cambrian, Evergreen, Santa Teresa and Willow Glen in particular.

As a Certified Distressed Property Expert (CDPE) and Short Sales & Foreclosure Prevention Resource (SFR) in San Jose, I am also able to assist you in dealing with and preventing the foreclosure or the short sale of your home.

As you are embarking on a journey to sell, buy or invest in real estate in Silicon Valley in 2013, you can trust me as your Real Estate Agent to assist you every step of the way and always keep your best interests in mind.

My Personal Engagements
as Your Silicon Valley Realtor

As your listing agent, I will be diligent in addressing your key concerns: selling price and lead time to actual sale of your property, based on market conditions and comparables in the neighborhood of your choice in Silicon Valley. As your Short Sales Agent, I will help you negotiate with your lenders and help you and your family avoid foreclosure at all cost.

As your buyer agent, I will help you find at a fair market price your dream home in any of the Silicon Valley neighborhoods that fits your needs as well as your short and long-term personal goals and financial means.

As your investor's agent, I will help you acquire the knowledge of the Silicon Valley neighborhood you are planning to invest in, identify under-valued homes, real estate portfolios (including bulk lots of single or multi-residential homes, townhomes, condos, REOs) or lands for sale in the Silicon Valley area of your choice and represent your interests with the goal to help you achieve the highest Return On Investment possible.

San Jose Real Estate Market
Market Trends in June 2013

The San Jose Real Estate Market is currently one of the top 3 hottest real estate markets in the US, posting very strong gains across all key indicators year over year, coupled with a rising housing inventory over the past few weeks.

Here are some of the key trends to watch on the San Jose Real Estate Market if you are currently considering selling or buying your home in San Jose, CA:

Median Sales Price for Single Family Homes in San Jose has jumped significantly over the past 3 months in particular and is currently at $740K, up 28% year-over-year, from $580K last June 2012.

Active Inventory of Single Family Homes for sale in San Jose is rising slowly but still down 42 % from one year ago, and is currently at 556 homes as of 13 June 2013 (vs. 955 a year ago). Housing inventory in San Jose is up 25% since January 2013 though; Given the steady increase in home prices, sellers are coming back progressively to the Silicon Valley real estate market.

Average Days on the Market (DOM) for Single Family Homes sold in San Jose is at 25 days, up from the all-time record low level of 20 days in January 2013), but still down 30% vs one year ago.

Selling Price Per Square Feet for sold Single Family Homes in San Jose is at a 12-months high level, ($444 as of 13 June 2013), up 25% year-over-year. This key indicator has been up since January 2013 but has stabilized in June and is almost on par the May number ($443). This indicator is not expected to go down though as the Silicon Valley Real Estate Market remains very active.

Similar market trends are being observed for condos and townhomes for sale on the San Jose Real Estate Market: As of 13 June 2013, about 208 condos and townhomes were available for sale (down 30% from one year ago). Median Sales price of condos and townhomes sold in San Jose is currently at $465K, up 57% from one year ago and up almost 30% since January 2013, while Average Days on the Market is currently at 14 days (vs. 48 days a year ago). In a nutshell, condos are the hottest commodities to find and buy on the San Jose Real Estate market today.

Mortgage Rates Trends in Silicon Valley
Market Trends in June 2013

Mortgage rates in California (30-year Fixed Rate) have been trending up significantly over the past weeks to reach almost 4% as of mid-June 2013, up 60+ bps, almost 20% from just a few weeks ago. This sudden rise in interest rates is the result of a switch in the FED policy to keep inflation in check, fueled in particular by rising home prices. You can find the latest mortgage rates trends in Silicon Valley and in California on this page.

If you are interested to get the latest weekly mortgage rates as well as historical trends, you can always check the Primary Mortgage Market Survey on the Freddie Mac website.

Do not hesitate to contact me for any further information and how current trends in mortgage rates in 2013 might impact your current or upcoming search for your dream home in Silicon Valley.

Terms of Use and Disclaimer: By using this real estate website which includes free and helpful tips for homeowners, home buyers, home sellers and real estate investors in San Jose in Silicon Valley as well as free information and useful information about single family houses, multi-residential homes, condos, town homes, short sales, foreclosures, REOs, tax incentives and home buying programs for first time home buyers, you understand that the comments, analysis, data and links are provided on an informational basis only. I personally do not endorse or qualify any of the real estate links, products or programs brought to your attention. As a result I will not be held liable for any damages incurred using the information provided in any form on this website. © Sophia Delacotte, Coldwell Banker, Silicon Valley Realtor in San Jose, CA, June 2013.

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Sophia Delacotte Certified Real Estate Agent by Housing Trust of Santa Clara County

Sophia Delacotte San Jose Real Estate Agent

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