Realtor, Short Sales Specialist, Foreclosure Expert in Silicon Valley, CA

I am a Realtor in Silicon Valley, affiliated with Coldwell Banker Residential Brokerage, based out of the Almaden Valley branch in San Jose, CA. I specialize in listings of residential homes in the Bay Area and the greater San Jose area (in Santa Clara County) with a particular expertise in single family houses or condos/ townhouses in short sales or foreclosed (REOs) in San Jose neighborhoods such as Almaden Valley, Blossom Valley, Cambrian, Evergreen, Santa Teresa, and Willow Glen.

I am a Certified Distressed Property Expert (CDPE), Short Sales & Foreclosure Resource (SFR) and Certified HAFA Specialist (CHS) in California, specialized in Short Sales & Foreclosure help and prevention.

I am also certified to help qualified buyers acquire foreclosed homes with the Purchase Assistance Loan (PAL) Program of the Housing Trust of Santa Clara County as well as properties renovated by the City of San Jose Dpt of Housing via the Dream Home Program.

If you are reading this, I presume that you are about to embark on a journey to sell, buy or invest in a home in the San Jose area in 2012.

Whether this is your first home sale or purchase, whether you are interested in selling or buying a distressed home or if you are faced  with a short sale, whether you are a US-based or international real estate investor keen to enter or exit the San Jose Real Estate Market, I would like you to know that you can trust me as your Realtor and Listing Agent to assist you every step of the way.

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 a buyer agent I will help you find at a fair market price the home in any of the San Jose areas that fits your needs as well as your short- and long-term financial and personal goals.

As an investor's agent I will help you acquire the knowledge of the Silicon Valley neighborhood you are planning to invest in, identify under-valued properties or portfolios of single/multi-family homes, town homes, etc), lots/lands for sale in Silicon Valley area of your choice and represent your business interests to maximize your Return on Investment (ROI).

The San Jose Real Estate market has switched since the beginning of 2012 to a seller's market.

The Sold Average Price for a Single-Family Home (incl. Short Sales and REO homes) in San Jose in April 2012 was around $600K, up almost 10% year-on-year, still 8% lower than the Average Listing Price ($638K). It is worth noting though that the Sold Average Price has been trending up significantly month over month since January 2012, in line with the ever decreasing inventory of homes for sale (regular homes, short sales and foreclosed homes) on the San Jose real estate market.

The Sold Average Price of Condos and Town Homes in San Jose, CA, is currently at $314K, up 11% from one year ago. In April 2012, Average Listing Price of Condos and Town Houses has recently stabilized at $323K, only 3% above Sale Price. This small delta means that most condos and town homes for sale in San Jose are priced almost about right by sellers and their listing agents.

Active Inventory of Single Family Homes for sale in San Jose is at an all-time low (579 active homes for sale in all of San Jose as of end of April 2012) down 400% from one year ago, which confirms the double trend: On one hand, housing inventory in San Jose has completely dried up as real estate investors have snapped most the best housing deals available over the past few months, in particular REOs and short sales; On the other hand, even though the delta between listing and sold price has steadily decreased, listing prices of homes for sale still remain slightly inflated in view of market condition and buyers' expectations. In other words, there seems to be some room for negotiation when submitting an offer of up to 8% of the listing price for lower quality homes in particular.

For those interested in purchasing condos or town homes in the San Jose area, as of end of April 2012,  active inventory has fallen to an all time low (223 in April 2012). For the record, a year ago, 903 condos were available for sale on the San Jose real estate market!
 
Price Per Sq. Ft of sold Single-Family Homes in San Jose is at $346 as of end of April 2012, 5% up year-on-year, and on an upward trend since January 2012, in line with the low housing inventory available for sale in San Jose.

Average Days on the Market (DOM) for Single-Family Homes for sale in San Jose has decreased by 25% year on year, currently at an all-time low of 48 days as of early May 2012.