Milpitas North San Jose Berryessa Real Estate News

Who would have known?  Me, not only mysteriously became a real estate agent, but also put together my own website?  This morning, on my way to the office, my girlfriend called me.  So I picked up the phone using my blue-tooth.  Without showing that I was actually driving, the conversation went on for about 5 minutes.  When she asked me what I was doing, I casually replied that I was on my way to the office.  She then made a comment that I am finally connected to the 20th century.  She then encouraged me to keep marching until I join the rest of the crowd in the 21st century.

Anyway, now that I have my website and my mini blog, I figure that the best way for me to start writing is to put a little commentary on my e-newsletter.  For those of you don't know what I am referring, please click the "E Newsletter" button on the top of the page.  There you will be greeted and overwhelmed by a lot of numbers.  See I have finance background and am not afraid of numbers.  When I showed the page to my husband last night, he made a comment: "There are a lot of numbers."  I guess he's right.  So here I am trying my best to explain those numbers in a easier to understand fashion.  Give me feedback if my explanation makes it more confusing, which is possible, I might add.

Before I start, I need to point out, these are "closed" transactions in last month.  I know we all want "instant" information, but somethings in life, we still have to wait for.  This is one of those things.  For us to get a complete and meaningful picture of the real estate market, we have to wait for a month to pass to know how many properties actually had been changed hands.  We are in May, hence, the most current month we can analysis is, unfortunately, April.  Another point that's closely related to this point is that since it takes about 4-6 weeks to close a real estate transaction, these numbers you are seeing are deals made some time in Feb!  You see, even with the help with the technology, we still can't rush things.

Long story short, (which I promise I will take it to the point next month around), here is my short mini blog on the local markets:

95035 - townhouses/condos were more active with the sacrifice of the price.  Single houses were generally sold more than the listing price, which is moderately higher than the previous month.

95131 - Townhouse/condos didn't have a good month, both numbers of sales and the price of sales were down.  A lot more single family were changed hands.  Houses were sold more than what they were listed and the price also improved from the previous month.

95132 - Not much can be said on the townhouse/condo subject.  Although the sale price was higher than the listing price, they both were down comparing to the previous month.  Another case of sacrificing price for transaction.

95127 - Not enough data to make any meaningful analysis on the townhouse/condo subject.  However, both numbers of transactions, listing price, and sale price were significantly increased for the single houses!  Don't underestimate this jump. If things keep going at the current speed, by the end of the summer, the average house in this area will be $530,000 (comparing to $390,415 in April).  Of course these are just simple math.  The real estate market doesn't work like this.  Just trying to make a point.

95133 - See comment on 95127 and swap all the good words with bad ones.  All kiddings aside, this area is still on its way to recovery.  I hope to see better numbers in May for them.

Anyway, these are my 2 cents and I will keep blogging on the things that I come across in the market and surely enough will give my commentary on next month's e newsletter.  Until next time....