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Thursday, February 5, 2015

Milpitas Real Estate Market Update January 2015

Milpitas Real Estate Market Update January 2015

Contact Alex Urbano Tafoya - Broker at 408-753-7773 or Alex@MyMilpitasHome.com to know more about Milpitas Real Estate 



January is showing a healthy and stable real estate market for the city of Milpitas, CA. The median home price has increased to $825,000 compared to last months $800,000. This being more likely of the result of the newly built homes being sold in the city of Milpitas. Overall the average sale price is relatively the same as the median home price. One very important statistic to look at specially if you're a home owner is the Sales Price vs. List Price. The sale price vs. list price is tilting back to less than 100% which means that sellers will have to compete to sell their home a the highest price possible. Currently the sales price vs. list price is 99.1% which is relatively still very good for sellers.




Let's break down the current stats for Milpitas Real Estate Market Update January 2015,

  • Median Home Price - The increase of $825,000 for a home has increased 3.1% from last month
  • Average Sale Price - The actual sold price has increased by 2.6%
  • Number of Homes SOLD - This dropped for the month of January (typical) from 28 to 10 homes.
  • Pending Properties - 24 homes went pending or in contract compared to 23 last month
  • Foreclosures Sold - No sold foreclosures in the city of Milpitas for January or last December
  • Short Sales Sold - There were not short sale listed homes for January or last December
  • Active Listing - New homes for sale came on the market a total of 17 for January 2015
  • Active Foreclosures - There was 1 foreclosure that was listed for the month of January 2015
  • Active Short Sales - No short sales were listed for the month of January 2015
  • Sales Price vs. List Price - This is showing that a home for sale is only getting 99.1% of the asking price.
  • Average Days on Market - Indicates how long it takes for a home to sell, right now it's currently at 50 days for the month of January 2015.
That's the break down of the stats for Milpitas Real Estate Market Update January 2015, if you want to find out what your home will sell for in todays market get a free no obligation home evaluation here. 
Contact Alex Urbano Tafoya 408-753-7773 or Alex@MyMilpitasHome.com to know more about Milpitas Real Estate trends or to get a current Milpitas Real Estate Market update visit www.MyMilpitasHome.com


Wednesday, February 4, 2015

Are home prices falling in Milpitas?

Are Home Prices Falling in Milpitas?


Home prices have been tilting for the past couple of months. What does this mean? Well, it can only mean 3 things.

One, it can mean absolutely nothing given the fact that there is still much demand for homes in the area of Milpitas. This demand is due in part of the growing number of jobs that have been held steady for the past couple of years, most coming from the high tech companies. With new jobs or job relocation some people have found that it makes more sense to buy a home then to rent a home given that the payment for one or the other is very much similar, but buying the home is a much better investment for most people.

Two, it could mean that we are finally adjusting from a highly competitive Milpitas real estate market. Within the past few years starting in 2011 the Milpitas real estate market became an investors dream and at the same time the Milpitas Real estate market was an opportunity for many first time home buyers. Because there were many distressed properties and the interest rates were low both investors and first time home buyers clashed driving the home prices higher and higher each year until recently.

Three, it could possibly mean that we are at the tip of the market shift and we are now seeing the scales tilt towards home prices dropping. Home prices will eventually drop, but this time when they do it will not be like the previous crisis we faced back in 2007 and 2008. This time it will be a gradually. Currently the homes in Milpitas have been maintaining their value, most sellers usually get the price towards what they are asking for their home. For most of last year sellers were receiving at least 3% over the asking price. Now we are seeing that the list price is not the same as the sold price which according to recent sales most sellers are getting 99.1% of the asking price. This is a difference of 3.9%.






Find out what the value of your home is today

So Are home prices falling in Milpitas? I'll let you decide. See the charts above for yourself. This shows the average days that a home stays on the market as well as the sale price to list price ratio. Currently the average days on the market is 62 days, that's almost double compared to last years days on the market of 36. The current ratio of list to sale price is 99% this is compared to last years 104%

Contact Here if you have questions regarding the current value of your home.




Thursday, October 30, 2014

Milpitas Real Estate Market Update Recently SOLD Homes

Milpitas Real Estate Market Update Recently SOLD Homes


This week starting Oct 26, 2014 there have been 2 homes that SOLD in Milpitas


Milpitas Real Estate Market Update Recently SOLD Homes SOLD 1067 Sandalwood Lane Milpitas CA 95035

First it's a beautiful modern style 3 bedroom 2.5 bathroom home located at 

Some Features Include - New carpeting. Tile downstairs. Great lighting. Extra Den/family room downstairs. Spacious Kitchen with gas top, built in oven & microwave. Built-in intercom/music. No back neighbors. Really Great Schools.    
 

The second home that SOLD is a contemporary style 5 bedroom 2.5 bathroom located in 

1470 OLYMPIC DRIVE, Milpitas 95035

  Some Features Include - double pane windows with European shutters, original hardwood floors, built in hutches in kitchen dining area, extra large family room,  fireplaces in living room and family room      
  
This was Milpitas Real Estate Market Update Recently SOLD Homes brought to you by your local Milpitas, San Jose, Fremont, Morgan Hill, Gilroy, Santa Clara and Sunnyvale Real Estate Home Expert
Alex Urbano Tafoya 408-753-7773

 

Is your home worth MORE or LESS than these recently SOLD homes in MILPITAS? Find out Here

See All Homes for Sale in Milpitas right HERE

See All Homes for Sale Everywhere Else HERE

Wednesday, October 29, 2014

How Real Estate Agents sell your home in Milpitas, CA

How Real Estate Agents sell your home in Milpitas, CA


How Real Estate Agents sell your home in Milpitas, CA
As a local Milpitas Real Estate Agent there is always a significant challenge to sell a home at a great price in the shortest amount of time and to give the seller peace of mind that we will net as much equity for the property without unnecessary expenses.
There is definitely a lot that goes into successfully selling homes in the local Bay Area and here are a few key factors on How Real Estate Agents sell your home in Milpitas, CA
- Asses the situation
- Create a Plan
- Execution
- Negotiate
- Close
 
Asses the situation -
This is were it all really starts or stops. There are two key components to this part and assessing both situations can be simple or it can be some what challenging. As a local Milpitas Real Estate Agent I will always have to asses the actual sellers situation and motivation first and foremost. There are many reasons why a seller wants to sell his/her home, but it is my job as a local Milpitas agent to asses how to get the price you want for your home, what's the best way  and how we can go about doing it. This is usually done through a series of questions, the key here is information, the more I know the better I can asses the situation of how much and how fast a sellers home might sell for. The second part to this is assessing the actual condition and location of the actual property. This is typically done with a thorough visual inspection of the home and a serious of questions about the property, this is How Real Estate Agents sell your home in Milpitas, CA.
Create a Plan -
Once we have established and assessed the property conditions we can proceed to creating a plan. This is where having knowledge of the local market and experience really makes a local Milpitas agent stand out. Based on the assessment we will provide the seller with his or her options, create a plan and begin executing the plan once we all agree.
Execution -
Once we have a plan the agent should take charge and lead the home selling team which might consist of contractors, stagers, home inspectors, title & escrow co and so on, while at the same time keeping the seller informed, but always asking for the sellers input at the right time.
Negotiate -
Once we have established the terms for you to accept an offer then we are able to find the best offer that will most favor your terms. This is part of the art of the negotiating process with buyers and our goal is always to have a clean offer with little or no contingencies. Our experience will show that we're always clear regarding the details of the offers and go over them thoroughly. This is How Real Estate Agents sell your home in Milpitas, CA

Close -

"Measure twice cut once"
If the assessment, the planning, the execution and the negotiations are properly done then the close should be stress free. So when selling your home please keep all these key factors in mind and know that this is not just How Real Estate Agents sell your home in Milpitas, CA, but How a GREAT Real Estate Agent like Alex Urbano Tafoya sells your home in Milpitas, CA.
Call me today for a detailed assessment of your property at 408-753-7773


Monday, October 27, 2014

Wonderful Milpitas Opportunity - Cozy 3 bed 1 bath home

Home for Sale in Milpitas CA. 344 Corning Ave

 

344 Corning Ave. Milpitas, CA. 95035Coming Soon Home for Sale in Milpitas CA. 344 Corning Ave 002

 

SOME HOME FEATURES

  • Asking Price-CALL Agent for details
  • 1,040 sq ft.
  • 3 bedroom
  • 1 bathroom
  • Dual Pane Windows
  • Central Heating
  • A/C
  • Lamite floors throughout
  • Granite counters in kitchen
  • Auto Sprinklers in front yard
  • Big Storage shed in backyard
 

SCHOOLS NEAR BY

 

ABOUT THE AREA

This Coming Soon Home for Sale in Milpitas CA. 344 Corning Ave is located in proximity to the famous Milpitas Great Mall with access to lot's of public transportation. The home is also in walking distance to the Milpitas Serra Shopping Center which has many great restaurants and stores. With easy access to 880 and 237 hwy. your commute will be a short trip to all the major local high tech employers that include Cisco, Google, Facebook, eBay, Yahoo and such.
 

ABOUT THE PROPERTY

This is a pride of ownership and well maintained home that has been very well kept by the original owners and perfect for those looking to move up or purchase their first home or for the investor looking for a good property to add to their portfolio to rent out.
 

ABOUT THE AGENT

Alex Urbano Tafoya specializes in Selling Homes in Milpitas, San Jose, Fremont, Morgan Hill, Gilroy, Santa Clara and Sunnyvale
 
Alex Urbano Tafoya, TAFOYA REALTY, www.tafoyahomesales.com or www.mymilpitashome.com, 408-753-7773
Thank You for Reading
"Coming Soon Home for Sale in Milpitas CA. 344 Corning Ave"

Tuesday, October 14, 2014

Milpitas Real Estate Market Trends Recently Sold Homes October 2014



Milpitas Real Estate Market Trends Recently Sold Homes October 2014

There are a total of 13 Homes that sold in October 1-14 and are currently pending in Milpitas CA. The average sale price was $675,000 and it took an average of 30 days for most homes to sell and go pending.

Milpitas Real Estate Market Trends Recently Sold Homes October 2014 show that the highest priced pending sale is for the home located on 151 Caladenia Dr. which has a list price of $1,024,990.

Milpitas Real Estate Market Trends Recently Sold Homes October 2014 show that the lowest priced pending sale is for the home located on  1389 Glacier Dr. which is listed for $500,000.

According to Milpitas Real Estate Market Trends Recently Sold Homes October 2014 the home that took the longest to sell was the home located on 1140 Park Heights Dr. this home was on the market for a total of 70 days.

According to Milpitas Real Estate Market Trends Recently Sold Homes October 2014 the home that sold the fastest was the home located on 1067 Sandalwood Ln. this home was on the market for a total of 11 days.

Thinking of selling your home? Call me Alex Urbano Tafoya local Milpitas Broker/Owner at 408-753-7773 or Contact me online HERE.

Below are the actual homes that were SOLD in Milpitas for the month of September 2014

  Click Here if you want a complete detailed report and descriptions on the homes   

CALADENIA LN - 2,636 sq ft, 4 bedrooms 3 bathrooms  List Price $1,024,990
MADALEN DR - 2,112 sq ft, 4 bedrooms 3 bathrooms, List Price $899,000
LA HONDA DR - 1,773 sq ft, 4 bedrooms 2.5 bathrooms, List Price $888,000
DIEL DR - 1,962 sq ft, 6 bedrooms 3 bathrooms, List Price $825,000
SANDALWOOD LN - 1,834 sq ft, 3 bedrooms 2.5 bathrooms, List Price $818,888
LACEY DR - 1,374 sq ft, 3 bedrooms 2 bathrooms, List Price $735,000
SUNRISE WY - 1,190 sq ft, 3 bedrooms 2 bathrooms, List Price $675,000
PARK HEIGHTS DR - 1,204 sq ft, 3 bedrooms 2 bathrooms, List Price $625,000
STARDUST WY - 1,630 sq ft, 5 bedrooms 2 bathrooms, List Price $609,000
COYOTE ST - 936 sq ft, 3 bedrooms 1 bathroom, List Price $599,000
MAZEY ST - 1,680 sq ft, 3 bedrooms 2 bathrooms, List Price $575,000
CARNEGIE DR - 1,189 sq ft, 3 bedrooms 1 bathrooms, List Price $569,000
GLACIER DR - 1,769 sq ft, 5 bedrooms 2.5 bathrooms, List Price $500,000

What is your home worth? Receive a FREE online accurate estimate HERE
Search All Homes for Sale in Milpitas HERE
Search ALL Homes for Sale HERE

Wednesday, October 8, 2014

Milpitas Real Estate Inventory is UP

Milpitas Real Estate Inventory is UP

For the week of October 7, 2014 there are currently 35 homes currently for sale in Milpitas, CA. At the same time there is still only one house that is currently in "pending process"

Milpitas Real Estate Inventory is UP 1003 Columbus Dr Milpitas CA
The newest home that just came on the market is the one located on 1003 Columbus Dr. Milpitas, CA. 95035 This is a 1,130 sq ft, 3 bedroom 2 bathroom single story family home located in a desirable neighborhood, that features an open floor plan, hardwood floors in living room, double pane windows and convenient access to hwy 680 close to shopping areas and close to some great schools , like Marshall Pomeroy Elementary.  
Milpitas Real Estate Inventory is UP for the month of October already compared to last month in September.
Milpitas Real Estate Inventory is UP 1485 Country Club Dr. Milpitas CA 95035

 

Currently the highest priced home for sale is still the beautiful home located on 1485 Country Club Dr. Milpitas, CA. 95035. This home is currently listed at $2,688,000. The home is approximately 5,550 sq ft and it has 6 bedrooms and 5 bathrooms

       



Milpitas Real Estate Inventory is Up 99 Carnegie Dr. Milpitas CA 95035

Even though Milpitas Real Estate Inventory is Up, there are still great homes at good prices, the currently lowest priced home in Milpitas for Sale is the home located on 99 Carnegie Dr. Milpitas, CA. 95035. This home is currently listed at $550,000. The home is approximately 908 sq ft. 3 bedroom, 1 bathroom home that was recently rehabbed.

     

Thinking of Selling? Call Alex Urbano Tafoya at 408-753-7773 Today