Sophia Delacotte

Coldwell Banker Realtor

 

Buy and Sell Your Home in Silicon Valley

 

Coldwell Banker

1045 Willow St. - San Jose CA 95125

(408) 717-2575
 
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Welcome to Silicon Valley!


I am a Realtor affiliated with Coldwell Banker in San Jose, CA.

On this website, you will find helpful information and tips for home sellers and buyers in Santa Clara County. Feel free to browse though current listings for sale in San Jose neighborhoods such as Almaden Valley, Blossom Valley, Cambrian, Evergreen, Santa Teresa and Willow Glen in particular.

As you are embarking on a journey to sell, buy, flip or invest in real estate in 2015, you can trust me as your Realtor to assist you every step of the way and always keep your best interests in mind.


My Personal Engagements
as Your Real Estate Agent


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 Silicon Valley 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
Market Trends in June 2015


After a year of stabilization in 2014, the San Jose Real Estate Market picked up significantly in early 2015 and is going from strength to strength to reach a new high point with a sold average price just above $1M for the first time in June 2015.
 
The combination of a limited housing inventory, plenty of motivated home buyers and still affordable interest rates is pushing home prices always higher.

 

Here are some of the latest trends to watch if you are currently considering selling or buying a home in the San Jose area:
 
  • Median Sold Price for Single Family Homes has increased 15% YoY and is currently at $917K as of June 6, 2015 (vs. $790K a year earlier)

  • Active Inventory of Single Family Homes for sale is down 40% YoY, with currently about 550 homes for sale (vs. about 800 one year ago)

  • Average Days on the Market (DOM) for Single Family Homes sold is slightly up from May at 22 days but it is too early to draw any conclusion

  • Price Per Square Feet for sold Single Family Homes is up 12% YoY, just over $560 (vs. $500 last year), reaching a new annual high point

A deep dive into real estate market trends for condos and townhouses shows similar trends: Sold Average prices for condos is up 30% YoY ($625K in June 2015), Average Days on the Market is down 50% (12 days in June vs. 17 in May), Price per Square Feet is up 20% YoY ($476 in June 2015), Inventory is down more than 70% from one year ago at about 170 condos currently available for sale.
 

 
Mortgage Rates Trends in Silicon Valley
  Update June 2015


Since January 2015, mortgage rates in California have mostly followed a downward pattern, spiked around Mid-February but have been trending lower since. Home buyers with high credit scores can currently get a 30-year loan under 3.5%.

There is no doubt today that mortgage rates have never been so attractive as per the graph below from Freddie Mac which charts the 30-Year Fixed Rate Mortgage Average since 1970:




You can also find the latest mortgage and interest rates trends in Silicon Valley and the Bay Area on this page.

If you are interested in the latest weekly mortgage rates as well as historical mortgage 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 recent trends in interest and mortgage rates in California might impact your current or upcoming quest to buy your dream home in Silicon Valley in 2015.


 

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 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 Realtor, 29 June  2015.