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November 2009
Greetings!
Welcome to Dale Warfel’s November 2009 Newsletter.
We have had some interesting times the past 2 months. Right after the Labor Day weekend in September, Mimi's mother fell in her back yard, injuring herself and requiring hospitalization. Mimi headed out of town to help advocate for her while her mother was in the hospital. Her mother was released from the hospital almost 3 weeks later, and has been at her home recuperating since. Mimi, her brother and father have all been providing care, along with a variety of health care professionals. Mimi and I have been lucky to see each other a couple days a week during this time, with the notable exception of a 3 day mini vacation to South Lake Tahoe in mid-October. We are hoping that her mom gets well soon.
As some of you my know, we have been in the process of trying to adopt a child through Santa Clara County Social Services. We got a call last week from our social worker, who let us know they they have found a possible match. We are planning to meet with the social worker next week and will learn more at that time. We are very excited about the news but are being cautiously optimistic at the outcome.
I will update you on both of these items in my next e-mail. Please keep us and Mimi's mother and family in your thoughts and prayers.
Professional News:
As you may already have heard, the federal homebuyers tax credit has been extended into next year. Purchases need to be in contract by April 30, 2010, and close by June 30, 2010 to qualify. Tax credits of up to $8,000 are available. Click here for more information: http://dalewarfel.com/PageManager/default.aspx/PageID=2149294
Do You Need A Referral?
If you are needing a referral for a qualified service provider, chances are that I have someone in my database that can help. From a computer repair company to a residential/commercial cleaning company, from a pilates instructor to a credit card processing company, I have an excellent list of resources. E-mail me at Dale@DaleWarfel.com and let me know how I can assist you.
Looking for a Home? (or What’s Happening in My Neighborhood?)
Are you looking for a private, secure place to search for real estate? Would you like to know what's happening in your neighborhood? My MLS Advisor Service provides up to date information on listing activity in your area or in any Bay Area region you choose. Search for active listings, properties in escrow, price reductions, and much more. Take a test drive!
Go to: www.DaleWarfel.com and click on MLS Search.
COMING SOON!
Cute 2 Bed/1 Bath Single Family Milpitas Home
2 Bedrooms / 1 Bathrooms / Approx. 891 Sq. Ft.
Who do you know that would like to be able to afford a single family home in Milpitas for under $400K. This cute property features 2 bedrooms and 1 bath, newer kitchen linoleum, hardwood floors in the living room, hall, and both bedrooms. The home is situated on a generous lot, offering plenty of room to expand this home or create a beautiful outdoor living space.
This list price of this home is TBD.
PENDING SALE!
4 Years New Penthouse Condo in Rivermark (Santa Clara)
3901 Lick Mill Blvd., Unit 443
1 Bedrooms / 1 Bathrooms / Approx. 908 Sq. Ft.
Gorgeous Penthouse Unit with soaring Cathedral Ceilings in Living Room. This spacious 1 bed/1 bath unit is like new. The sellers added a double door entry to the dining room, so it could also be used as an private office or 2nd bedroom. Enjoy the living room fireplace, functional kitchen with a gas range, granite counters and stainless appliances, west facing deck, and panoramic views! This beautiful home is located in the Miraval community, which offers many amenities including a pool and spa, workout room, theater, and more! Priced to sell, this unit won't last.
Go to http://dalewarfel.com/ for more details.
This home is listed at $330,000.
PENDING SALE!
Remodeled South San Jose Home with Master Bedroom Addition
5231 Roeder Road, San Jose
3 Bed/2 Baths / Approx. 1,787 Sq. Ft.
Nicely remodeled/expanded 3 Bed/2 Bath home is conveniently located with excellent access to Hwy 101, 87, 85, Monterey Hwy, Cal Train, and Light Rail. This home is perfect for 1st time homebuyers, and offers many features including an updated kitchen, living room w/fireplace, separate family room with built-in entertainment center, huge master bedroom with dual walk-in closets, vaulted ceilings, and plenty of natural light.
Go to http://dalewarfel.com/ for more details.
This property is listed at $410,000.
LISTING SOLD!
Gorgeous Remodeled Home In San Jose Country Club Community - $68K Under Asking Price
354 Rennie Ave., San Jose
3 Bed/2 Baths/ Approx. 1,787 Sq. Ft.
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I helped a wonderful couple to purchase their first home, a beautifully updated home in the San Jose Country Club community. This property was not a bank owned or short sale, but the sellers were motivated. Who says you can't get a good deal when working with a seller!
This property sold for $670,000.
Thank You:
Thank you to Steven P., Caiping T., Stanley T., Linda C., Sherry T., Surender K., and Joanne B. for your referrals.
Market Update
The median price for single-family, re-sale homes rose 5.3% month-over-month, and was up 9.6% compared to last October. This is the first time since January 2008 the median price has been higher than the year before.
Sales of single-family, re-sale homes declined 3.7% last month compared to September. Year-over-year, sales were up 17.4%. October was the sixteenth month in a row that sales were higher than the year before. Year-to-date, home sales are up 20.2%.
Condo sales were up last month, rising 10% from September, and up 36.1% year-over-year. Year-to-date, condo sales are up 20.0%.
The median price for condos rose 3.9% from the month before, but was down 6.7% year-over-year.
Inventory continues to decline with the supply of homes down 7.2% from September, and off 64.4% year-over-year. Condo inventory dropped 9.2%, off 65.9% compared to last October.
Our days of inventory indicator for single-family homes shed one day, sending the indicator to 69 days. The indicator for condos fell six days to 69.
Pending sales, an indicator of what's going to happen in the next month or two, rose 3% from September, and were up 113.4% year-over-year.
Market Snapshot - Santa Clara County |
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Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Oct-09 |
3,196 |
1,026 |
98.59 |
$721,097 |
69 |
1,433 |
Sep-09 |
3,432 |
1,066 |
99.07 |
$687,264 |
70 |
1,422 |
Aug-09 |
3,558 |
979 |
98.50 |
$697,362 |
81 |
1,419 |
Jul-09 |
3,890 |
1,234 |
97.83 |
$713,955 |
79 |
1,637 |
Jun-09 |
4,105 |
1,189 |
97.61 |
$688,484 |
89 |
1,561 |
May-09 |
4,452 |
987 |
97.46 |
$645,774 |
59 |
1,515 |
Apr-09 |
4,919 |
912 |
96.78 |
$597,877 |
61 |
1,678 |
Mar-09 |
5,117 |
721 |
97.02 |
$592,941 |
65 |
1,854 |
Dec-08 |
4,636 |
677 |
97.28 |
$657,842 |
57 |
1,059 |
Sep-08 |
5,772 |
902 |
97.69 |
$750,359 |
54 |
1,889 |
Jun-08 |
6076 |
927 |
98.28 |
$922,149 |
50 |
1,977 |
Mar-08 |
5,522 |
583 |
98.94 |
$984,325 |
55 |
2,051 |
Dec-07 |
4,163 |
490 |
98.16 |
$998,788 |
54 |
946 |
Sep-07 |
4,875 |
506 |
99.83 |
$1,079,868 |
36 |
1,730 |
Jun-07 |
4,465 |
979 |
100.20 |
$1,065,282 |
40 |
1,984 |
Mar-07 |
3,345 |
890 |
99.73 |
$1,065,798 |
57 |
1,888 |
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Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Oct-09 |
1,230 |
396 |
99.89 |
$391,646 |
69 |
522 |
Sep-09 |
1,288 |
360 |
99.95 |
$369,932 |
75 |
555 |
Aug-09 |
1,348 |
328 |
99.42 |
$380,686 |
86 |
565 |
Jul-09 |
1,397 |
373 |
98.53 |
$367,306 |
84 |
550 |
Jun-09 |
1,479 |
356 |
97.91 |
$382,245 |
103 |
505 |
May-09 |
1,579 |
314 |
97.14 |
$355,880 |
74 |
482 |
Apr-09 |
1,723 |
261 |
96.11 |
$331,644 |
69 |
529 |
Mar-09 |
1,777 |
251 |
96.51 |
$308,845 |
73 |
604 |
Dec-08 |
1,647 |
208 |
96.49 |
$368,525 |
61 |
385 |
Sep-08 |
1,948 |
266 |
97.54 |
$425,590 |
55 |
617 |
Jun-08 |
2,008 |
242 |
99.04 |
$521,677 |
46 |
660 |
Mar-08 |
1,808 |
196 |
98.37 |
$569,869 |
53 |
625 |
Dec-07 |
1,384 |
188 |
97.77 |
$533,120 |
51 |
321 |
Sep-07 |
1,752 |
184 |
99.36 |
$558,182 |
42 |
598 |
| Jun-07 |
1,604 |
415 |
100.00 |
$574,099 |
36 |
742 |
| Mar-07 |
1,202 |
416 |
100.00 |
$559,760 |
61 |
739 |
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For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: Dale@DaleWarfel.com or on the phone: 408.624.6202
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September 2009
Greetings!
Welcome to Dale Warfel’s September 2009 Newsletter.
Personal News:
Johnny's Cub Scout Pack had their first overnight campout at Mount Madonna park. We had never been to this park before, and had a wonderful time. I was the activity leader to collect rocks which were later decorated and painted. The highlight was the Saturday night BBQ and campfire activities. There was a lot of singing, and of course, toasted marshmallows and Smores galore! After all of that, Mimi, Johnny and I squeezed into our tent. Mimi and I were on a full-sized Aerobed mattress, with Johnny sleeping next to us in his sleeping bag, until he started getting cold and jumped in between us on the mattress. Mimi and I didn't get much sleep after that point, but at least Johnny warmed right up and slept like a log. Thank goodness it wasn't for 2 nights. I don't think our backs could have handled it!
Also, Mimi and I recently attended my 30 year high school reunion from Saratoga High School, which was held at the Los Gatos Opera House. I had a chance to reconnect with long lost friends, some of whom had relocated half way around the world. I have to say that we all look pretty good!
Dale Warfel Earns REAL ESTATE WEBOGRAPHER™ Certification
Dale Warfel has successfully completed the REAL ESTATE WEBOGRAPHER™ certification to join an elite group of real estate professionals who have earned the prestigious certification offered through the National Institute of Webographers, LLC (www.webographers.com).
Dale has successfully completed 12 short courses which include: Online Business Strategy, Agent Websites, Single-property Websites, Lead Generation and Management, Virtual Tours, CMA and AVM technology, Neighborhood Search, Online Transaction Management, Electronic Forms, Virtual Assistants, Mobile Technologies and Blogs. Read more...
Professional News:
I just got back from a 2-day short sale training class in Rancho Cucamonga, where I completed studies for and earned the Pre-Foreclosure Specialist Certification (PSC). As the practice of listing and selling short sales is evolving rapidly, ongoing training is required to ensure that I will always offer the highest level of service and care to my clients. Topics included setting seller expectations, evaluating the probability of short sale success, working with loss mitigation, short sale ramifications, effective short sale negotiating strategies, short sale best practices, and more.
If you have a friend, co-worker, or family member that purchased their house in 2005 or 2006 with little or no money down, it is possible that they may be at risk of foreclosure. I would be happy to talk with them and discuss alternatives to foreclosure. Please call or e-mail me with their name and best number to reach them. I'll be sure to take great care of them.
Do You Need A Referral?
If you are needing a referral for a qualified service provider, chances are that I have someone in my database that can help. From a printer to a sign maker, from a landscape contractor to a hair stylist, I have an excellent list of resources. E-mail me at Dale@DaleWarfel.com and let me know how I can assist you.
Looking for a Home? (or What’s Happening in My Neighborhood?)
Are you looking for a private, secure place to search for real estate? Would you like to know what's happening in your neighborhood? My MLS Advisor Service provides up to date information on listing activity in your area or in any Bay Area region you choose. Search for active listings, properties in escrow, price reductions, and much more. Take a test drive!
Go to: www.DaleWarfel.com and click on MLS Search
PENDING SALE!
Beautiful Santa Clara Home near Rivermark
4660 Wilcox Avenue, Santa Clara
3 Bedrooms / 2.5 Bathrooms / Approx. 1,473 Sq. Ft.
This beautiful 2 story home features gorgeous tile floors downstairs, an open kitchen with light wood cabinets, granite counters, and plenty of storage, attached 2 car garage, and is close to Cisco, Mission College, Rivermark and more. The low maintenance back yard is perfect for busy professionals who just want a place to relax after a long day at work.
Go to http://dalewarfel.com/ for more details.
This home is listed at $525,000.
PENDING SALE!
4 Years New Penthouse Condo in Rivermark (Santa Clara)
3901 Lick Mill Blvd., Unit 443
1 Bedrooms / 1 Bathrooms / Approx. 908 Sq. Ft.
Gorgeous Penthouse Unit with soaring Cathedral Ceilings in Living Room. This spacious 1 bed/1 bath unit is like new. The sellers added a double door entry to the dining room, so it could also be used as an private office or 2nd bedroom. Enjoy the living room fireplace, functional kitchen with a gas range, granite counters and stainless appliances, west facing deck, and panoramic views! This beautiful home is located in the Miraval community, which offers many amenities including a pool and spa, workout room, theater, and more! Priced to sell, this unit won't last.
Go to http://dalewarfel.com/ for more details.
This home is listed at $330,000.
SOLD!
Tri-Plex 2 Blocks from SJSU
112 N 9th Street, San Jose
- 1 ea - 2 Bed/1 Bath unit
- 2 ea - 1 Bed/1 Bath units
Approx. 1,700 Sq. Ft.
Who says lightning doesn't strike three times! This wonderful, fully occupied triplex provides good cash flow and the potential to have positive cash flow with a reasonable down payment. This property features individual 1 car garages (deep enough to park two small cars in tandem!) for each unit. The kitchen in the two bedroom unit was remodeled with new cabinets and counters last year, and the roof is only 3 years old.
Go to http://dalewarfel.com/ for more details.
This property sold for $380,000.
Thank You:
Thank you to Michael C. and Paul H. for your referrals.
Market Update
The median price for single-family, re-sale homes rose 8.1% in July compared to June, and it is now at its highest level since last September. Year-over-year, the median price was off 15.6% The average price gained 3.7%, month-over-month. It has risen eight months in a row. Year-over-year, the average price was off 18%.
Home sales increased, year-over-year, by 25% in July. This is the thirteenth month in a row homes sales have been up compared to the year before. Year-to-date, home sales are up 25.3%.
Inventory continued falling in July, and it is now off 57.8% year-over-year. Pending sales, which is a leading indicator, was up 30.2% compared to last July.
The sales price to list price ratio for homes rose 0.22 of a point to 97.83%.
Condo sales rose 4.8% from June, and were up 16.9% year-over-year.
The median price for condos fell 4.4% from June, and it was off 29.3% compared to last July. The average price fell 3.9%, month-over-month, and was down 26.2% compared to July 2008.
Condo inventory was down 59.1% year-over-year, while pending sales were up 42.9%.
The sales price to list price ratio for condos rose .62% to 98.53%.
Market Snapshot - Santa Clara County |
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Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Jul-09 |
3,890 |
1,234 |
97.83 |
$713,955 |
79 |
1,637 |
Jun-09 |
4,105 |
1,189 |
97.61 |
$688,484 |
89 |
1,561 |
May-09 |
4,452 |
987 |
97.46 |
$645,774 |
59 |
1,515 |
Apr-09 |
4,919 |
912 |
96.78 |
$597,877 |
61 |
1,678 |
Mar-09 |
5,117 |
721 |
97.02 |
$592,941 |
65 |
1,854 |
Dec-08 |
4,636 |
677 |
97.28 |
$657,842 |
57 |
1,059 |
Sep-08 |
5,772 |
902 |
97.69 |
$750,359 |
54 |
1,889 |
Jun-08 |
6076 |
927 |
98.28 |
$922,149 |
50 |
1,977 |
Mar-08 |
5,522 |
583 |
98.94 |
$984,325 |
55 |
2,051 |
Dec-07 |
4,163 |
490 |
98.16 |
$998,788 |
54 |
946 |
Sep-07 |
4,875 |
506 |
99.83 |
$1,079,868 |
36 |
1,730 |
Jun-07 |
4,465 |
979 |
100.20 |
$1,065,282 |
40 |
1,984 |
Mar-07 |
3,345 |
890 |
99.73 |
$1,065,798 |
57 |
1,888 |
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Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Jul-09 |
1,397 |
373 |
98.53 |
$367,306 |
84 |
550 |
Jun-09 |
1,479 |
356 |
97.91 |
$382,245 |
103 |
505 |
May-09 |
1,579 |
314 |
97.14 |
$355,880 |
74 |
482 |
Apr-09 |
1,723 |
261 |
96.11 |
$331,644 |
69 |
529 |
Mar-09 |
1,777 |
251 |
96.51 |
$308,845 |
73 |
604 |
Dec-08 |
1,647 |
208 |
96.49 |
$368,525 |
61 |
385 |
Sep-08 |
1,948 |
266 |
97.54 |
$425,590 |
55 |
617 |
Jun-08 |
2,008 |
242 |
99.04 |
$521,677 |
46 |
660 |
Mar-08 |
1,808 |
196 |
98.37 |
$569,869 |
53 |
625 |
Dec-07 |
1,384 |
188 |
97.77 |
$533,120 |
51 |
321 |
Sep-07 |
1,752 |
184 |
99.36 |
$558,182 |
42 |
598 |
| Jun-07 |
1,604 |
415 |
100.00 |
$574,099 |
36 |
742 |
| Mar-07 |
1,202 |
416 |
100.00 |
$559,760 |
61 |
739 |
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For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: Dale@DaleWarfel.com or on the phone: 408.624.6202
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August 2009
Greetings!
Welcome to Dale Warfel’s August 2009 Newsletter.
Personal News:
We have been having a wonderful summer. Johnny completed his first season on our community swim team. Unfortunately, he missed a lot of the swim meets do to illness or vacation plans. He is already planning to compete again next season. Mimi and I celebrated our 20 year wedding anniversary in June; how time has flown by. In July, we took a 7-day trip down to San Diego, driving down Hwy 101, stopping in Avila Beach, Santa Barbara and Chino, before arriving in San Diego to attend a family friend's wedding. While in San Diego, we toured the San Diego Zoo (Wow!!) and spent some time at the beach. I got to play a little golf and just relax. Johnny joined the Cub Scouts and has already gone on his first nature walk. Mimi volunteered to be Den Mother, and is excited to work with the kids and watch them grow.
Professional News:
Our office has had record activity over the past 2 months, in numbers of listings, and written sales contracts. We are starting to see multiple offers on many of the lower priced properties. Short sales are getting more attention from buyers as buyers seem to be getting the fact that those properties offer some of the best opportunities to save money on the purchase. The press is starting to report the changes in the market, which is adding to the positive attitude about the market. With interest rates being as low as they are, buyers should seriously consider the possibility of making their move now rather than waiting.
OUR OFFICE IS STILL HIRING! Keller Williams Realty offers a unique opportunity for new and experienced agents to achieve success both professionally and financially through their generous compensation program and educational opportunities. If you or someone you know is contemplating a full-time or part-time career in real estate, please let me know. I would enjoy talking with them about Keller Williams Realty.
Do You Need A Referral?
If you are needing a referral for a qualified service provider, chances are that I have someone in my database that can help. From a sign maker to an insurance agent, from an estate planning attorney to a photographer, I have an excellent list of resources. E-mail me at Dale@DaleWarfel.com and let me know how I can assist you.
Looking for a Home? (or What’s Happening in My Neighborhood?)
Are you looking for a private, secure place to search for real estate? Would you like to know what's happening in your neighborhood? My MLS Advisor Service provides up to date information on listing activity in your area or in any Bay Area region you choose. Search for active listings, properties in escrow, price reductions, and much more. Take a test drive!
Go to: www.DaleWarfel.com and click on MLS Search.
PENDING SALE!
Tri-Plex 2 Blocks from SJSU
112 N 9th Street, San Jose
- 1 ea - 2 Bed/1 Bath unit
- 2 ea - 1 Bed/1 Bath units
Approx. 1,700 Sq. Ft.
Who says lightning doesn't strike three times! This wonderful, fully occupied triplex provides good cash flow and the potential to have positive cash flow with a reasonable down payment. This property features individual 1 car garages (deep enough to park two small cars in tandem!) for each unit. The kitchen in the two bedroom unit was remodeled with new cabinets and counters last year, and the roof is only 3 years old.
Go to http://dalewarfel.com/ for more details.
This property is listed at $439,000.
PENDING SALE!
Beautiful Santa Clara Home near Rivermark
4660 Wilcox Avenue, Santa Clara
3 Bedrooms / 2.5 Bathrooms / Approx. 1,473 Sq. Ft.
This beautiful 2 story home features gorgeous tile floors downstairs, an open kitchen with light wood cabinets, granite counters, and plenty of storage, attached 2 car garage, and is close to Cisco, Mission College, Rivermark and more. The low maintenance back yard is perfect for busy professionals who just want a place to relax after a long day at work.
Go to http://dalewarfel.com/ for more details.
This home is listed at $525,000.
PENDING SALE!
4 Years New Penthouse Condo in Rivermark (Santa Clara)
3901 Lick Mill Blvd., Unit 443
1 Bedrooms / 1 Bathrooms / Approx. 908 Sq. Ft.
Gorgeous Penthouse Unit with soaring Cathedral Ceilings in Living Room. This spacious 1 bed/1 bath unit is like new. The sellers added a double door entry to the dining room, so it could also be used as an private office or 2nd bedroom. Enjoy the living room fireplace, functional kitchen with a gas range, granite counters and stainless appliances, west facing deck, and panoramic views! This beautiful home is located in the Miraval community, which offers many amenities including a pool and spa, workout room, theater, and more! Priced to sell, this unit won't last.
Go to http://dalewarfel.com/ for details.
This home is listed at $330,000.
SOLD!
Tri-Plex Near Downtown San Jose
125 Duane Street, San Jose
- 1 ea - 3 Bed/1 Bath unit
- 2 ea - 2 Bed/1 Bath units
Approx. 2,368 Sq. Ft.
Thinking of owning some investment property in a great location? Located just minutes from downtown San Jose, this affordable 3-unit property is vacant and ready for to fix up and start renting! This property features a separate 3 bed / 1 bath 'owners' unit and a separate duplex building in the back with two 2 bed/ 1 bath units. These units have been updated with dual pane windows and newer central heating and air conditioning systems. Each unit has laundry hookups. This property needs some TLC, but with some sweat equity and some help from the trades, this property could be in tip top condition. Excellent cash flow opportunity - Rented for over $3,800/month when fully occupied!! Great location near downtown San Jose, SJSU, Hwy 280, 101, 87, light rail, and more!
Go to http://dalewarfel.com/ for more details.
This Property Sold for $427,000.
SOLD!
Remodeled Mountain View Condo in
'The Waters' Condominium Complex
905 W. Middlefield Rd. Unit #971, Mountain View, CA 94043
2 Bedrooms / 2 Bathrooms / Approx. 998 Sq. Ft.
This ground floor water front condominium has been remodeled with wheelchair accessible bathrooms. The hall bathroom has been remodeled, with permits, into a huge 'roll-in' shower with safety bars. The master bathroom features a wheelchair compatible vanity and toilet area. Both bathrooms and the master bedroom feature extra wide doors. The kitchen has been updated with new counters, sink, and faucet, and refreshed cabinets. All of the floors are hard surface (Laminate Flooring or Tile) allowing for easier maneuvering. There is also a large deck that overlooks the community lake. The peaceful complex also features a pool, spa, and tennis courts.
Go to http://dalewarfel.com/ for more details.
This Home Sold for $390,000.
SOLD!
Well Maintained Blossom Valley Single Family Home
5398 Studebaker Circle, San Jose, CA 95136
3 Bedrooms/3 Full Bathrooms/Approx. 1,347 Sq. Ft.
Lot Size: 3947 Sq. Ft.
Located near the Cottle Ranch open space area, this lovely 3 bed, 3 bath home offers a private setting and open floor plan, perfect for entertaining or just relaxing after a long day at work. The east/west orientation of this home allows for natural light from the morning and afternoon sun. Conveniently located near Hwy 85, and Hwy 87, this home is located in a prime commute location, but offers an environment that feels like you are miles away from the hustle and bustle of suburban living.
Go to http://dalewarfel.com/ for details.
This Home Sold for $440,000.
SOLD!
Willow Glen Townhome with 2 Master Bedrooms
984 Goodacre Lane, San Jose
2 Bedrooms/2.5 Bathrooms/Approx. 1,247 Sq. Ft.
This beautiful tri-level townhome features separate living room with gas log fireplace, formal dining room, eat-in kitchen, inside laundry, 2 master bedrooms, and a full 2 car garage with extra storage. This home is located with convenient access to Hwy 85, 87, and Almaden and Expressway Expressways.
Go to http://dalewarfel.com/ for details.
This Home Sold for $425,000.
LISTING SOLD!
Mountain View Townhouse
363 N Rengstorff Ave., #5, Mountain View
3 Bedrooms / 2 Bathrooms / Approx. 1,296 Sq. Ft.
This Home Sold for $505,000.
LISTING SOLD!
Blossom Valley Single Family Home
5348 Entrada Olmos, San Jose
3 Bedrooms/2 Bathrooms/Approx. 1,296 Sq. Ft.
This Home Sold for $425,000.
LISTING SOLD!
Morgan Hill Single Family Home
760 La Crosse Drive, Morgan Hill
5 Bedrooms/3 Bathrooms/Approx. 3,070 Sq. Ft.
This Home Sold for $700,000.
Thank You:
Thank you to Paul H., Steve P., Tim D. and Ryan L. for your referrals.
Market Update
Home sales increased, year-over-year, by 21.5% in June. This is the twelfth month in a row homes sales have been up compared to the year before. The 1,189 homes sold were the most since June 2006 when 1,192 homes were sold also. Year-to-date, home sales are up 25.4%.
The median price for single-family, re-sale homes jumped back over $500,000 for the first time since last December, gaining 12.1% in June from May. Year-over-year, the median price was off 24.5% The average price gained 6.5%, month-over-month, but was off 24.1% compared to June 2008.
Inventory dropped to its lowest level since January 2007. It was down 56% year-over-year.
Pending sales, which is a leading indicator, was up 32.2% compared to last June.
The sales price to list price ratio for homes rose 0.15 of a point to 97.61%.
Condo sales rose 13.4% from May, and were up 33.3% year-over-year.
The median price for condos rose 12.7% from May, but it was off 23.2% compared to last June. The average price gained 7.4%, month-over-month, but was down 26.2% compared to June 2008.
Condo inventory was down 55.7% year-over-year, while pending sales were up 28.2%.
The sales price to list price ratio for condos rose almost 0.8 of a point to 97.9%.
Market Snapshot - Santa Clara County |
|
|
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Jun-09 |
4,105 |
1,189 |
97.61 |
$688,484 |
89 |
1,561 |
May-09 |
4,452 |
987 |
97.46 |
$645,774 |
59 |
1,515 |
Apr-09 |
4,919 |
912 |
96.78 |
$597,877 |
61 |
1,678 |
Mar-09 |
5,117 |
721 |
97.02 |
$592,941 |
65 |
1,854 |
Feb-09 |
5,032 |
579 |
96.50 |
$559,413 |
63 |
1,678 |
Jan-09 |
4,787 |
570 |
97.21 |
$561,711 |
65 |
1,590 |
Dec-08 |
4,636 |
677 |
97.28 |
$657,842 |
57 |
1,059 |
Nov-08 |
5,290 |
618 |
97.43 |
$637,593 |
59 |
1,282 |
Oct-08 |
5,783 |
816 |
97.82 |
$687,857 |
50 |
1,871 |
Sep-08 |
5,772 |
902 |
97.69 |
$750,359 |
54 |
1,889 |
Jun-08 |
6076 |
927 |
98.28 |
$922,149 |
50 |
1,977 |
Mar-08 |
5,522 |
583 |
98.94 |
$984,325 |
55 |
2,051 |
Dec-07 |
4,163 |
490 |
98.16 |
$998,788 |
54 |
946 |
Sep-07 |
4,875 |
506 |
99.83 |
$1,079,868 |
36 |
1,730 |
Jun-07 |
4,465 |
979 |
100.20 |
$1,065,282 |
40 |
1,984 |
Mar-07 |
3,345 |
890 |
99.73 |
$1,065,798 |
57 |
1,888 |
Dec-06 |
2,349 |
825 |
98.30 |
$903,208 |
59 |
562 |
Sep-06 |
3,926 |
887 |
99.00 |
$922,195 |
50 |
2,006 |
Jun-06 |
3,793 |
1,192 |
100.17 |
$989,891 |
35 |
2,491 |
Dec-05 |
1,958 |
970 |
98.98 |
$881,718 |
41 |
705 |
Jun-05 |
2,654 |
1,623 |
100.95 |
$926,348 |
17 |
1,743 |
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Jun-09 |
1,479 |
356 |
97.91 |
$382,245 |
103 |
505 |
May-09 |
1,579 |
314 |
97.14 |
$355,880 |
74 |
482 |
Apr-09 |
1,723 |
261 |
96.11 |
$331,644 |
69 |
529 |
Mar-09 |
1,777 |
251 |
96.51 |
$308,845 |
73 |
604 |
Feb-09 |
1,769 |
183 |
97.21 |
$365,413 |
66 |
507 |
Jan-09 |
1,737 |
147 |
96.97 |
$312,851 |
72 |
565 |
Dec-08 |
1,647 |
208 |
96.49 |
$368,525 |
61 |
385 |
Nov-08 |
1,791 |
185 |
97.71 |
$365,676 |
59 |
436 |
Oct-08 |
1,921 |
272 |
98.36 |
$412,242 |
57 |
573 |
Sep-08 |
1,948 |
266 |
97.54 |
$425,590 |
55 |
617 |
Jun-08 |
2,008 |
242 |
99.04 |
$521,677 |
46 |
660 |
Mar-08 |
1,808 |
196 |
98.37 |
$569,869 |
53 |
625 |
Dec-07 |
1,384 |
188 |
97.77 |
$533,120 |
51 |
321 |
Sep-07 |
1,752 |
184 |
99.36 |
$558,182 |
42 |
598 |
| Jun-07 |
1,604 |
415 |
100.00 |
$574,099 |
36 |
742 |
| Mar-07 |
1,202 |
416 |
100.00 |
$559,760 |
61 |
739 |
| Dec-06 |
948 |
343 |
99.07 |
$522,741 |
53 |
214 |
| Sep-06 |
1,525 |
387 |
99.43 |
$523,614 |
44 |
773 |
| Jun-06 |
1,291 |
479 |
100.50 |
$522,932 |
34 |
953 |
| Dec-05 |
707 |
423 |
100.25 |
$514,549 |
36 |
312 |
| Jun-05 |
760 |
673 |
103.79 |
$506,697 |
14 |
683 |
|
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: Dale@DaleWarfel.com or on the phone: 408.624.6202
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April 2009
|
Greetings!
Welcome to Dale Warfel’s May 2009 Newsletter.
Personal News:
There has been quite a bit going on here at home. Johnny has joined the 'Sea Otters' which is a swim team for our community swim and racquet club. He goes swimming every weekday afternoon for 1 hour. Johnny is learning how to swim freestyle, backstroke, breathe properly, and more. He has done so well and seems to advance his skill level and confidence with each passing day. Mimi and I are so proud of him. The first swim meet will be in a few weeks. Johnny wants to swim like Michael Phelps.
Johnny also just celebrated his 6th birthday with a party. We had 14 kids at our place with 3 adults supervising. Mimi did an incredible job organizing the entire event. When the party was over, we were all done for! One of Mimi's friend's kids outgrew their bunk beds, so they offered it to Johnny. He now has a bunk bed instead of his queen sized bed, and can't wait to have buddies over for sleep-overs.
Professional News:
Our office has had record activity over the past 2 months, in numbers of listings, and written sales contracts. We are starting to see multiple offers on many of the lower priced properties. Short sales are getting more attention from buyers as buyers seem to be getting the fact that those properties offer some of the best opportunities to save money on the purchase. The press is starting to report the changes in the market, which is adding to the positive attitude about the market. With interest rates being as low as they are, buyers should seriously consider the possibility of making their move now rather than waiting.
OUR OFFICE IS STILL HIRING! Keller Williams Realty offers a unique opportunity for new and experienced agents to achieve success both professionally and financially through their generous compensation program and educational opportunities. If you or someone you know is contemplating a full-time or part-time career in real estate, please let me know. I would enjoy talking with them about Keller Williams Realty.
Do You Need A Referral?
If you are needing a referral for a qualified service provider, chances are that I have someone in my database that can help. From an acupuncturist to a handyman, from a bookkeeper to an electrician, I have an excellent list of resources. E-mail me at Dale@DaleWarfel.com and let me know how I can assist you.
Looking for a Home? (or What’s Happening in My Neighborhood?)
Are you looking for a private, secure place to search for real estate? Would you like to know what's happening in your neighborhood? My MLS Advisor Service provides up to date information on listing activity in your area or in any Bay Area region you choose. Search for active listings, properties in escrow, price reductions, and much more. Take a test drive!
Go to: www.DaleWarfel.com and click on MLS Search.
JUST LISTED!
Well Maintained Blossom Valley Single Family Home
5398 Studebaker Circle, San Jose, CA 95136
3 Bedrooms/3 Full Bathrooms/Approx. 1,347 Sq. Ft./Lot Size: 3947 Sq. Ft.
Located near the Cottle Ranch open space area, this lovely 3 bed, 3 bath home offers a private setting and open floor plan, perfect for entertaining or just relaxing after a long day at work. The east/west orientation of this home allows for natural light from the morning and afternoon sun. Conveniently located near Hwy 85, and Hwy 87, this home is located in a prime commute location, but offers an environment that feels like you are miles away from the hustle and bustle of suburban living.
Go to http://dalewarfel.com/ for more details.
The list price of this home is $480,000.
JUST LISTED!
4 Years New Penthouse Condo in Rivermark (Santa Clara)
3901 Lick Mill Blvd., Unit 443
1 Bedroom/1 Bathroom/Approx. 908 Sq. Ft.
Gorgeous Penthouse Unit with soaring Cathedral Ceilings in Living Room. This spacious 1 bed/1 bath unit is like new. The sellers added a double door entry to the dining room, so it could also be used as an private office or 2nd bedroom. Enjoy the living room fireplace, functional kitchen with a gas range, granite counters and stainless appliances, west facing deck, and panoramic views! This beautiful home is located in the Miraval community, which offers many amenities including a pool and spa, workout room, theater, and more! Priced to sell, this unit won't last.
Go to http://dalewarfel.com/ for more details.
The list price of this home is 330,000.
PRICE REDUCED!
Tri-Plex Near Downtown San Jose
125 Duane Street, San Jose
- 1 ea - 3 Bed/1 Bath unit
- 2 ea - 2 Bed/1 Bath units
Approx. 2,368 Sq. Ft.
Thinking of owning some investment property in a great location? Located just minutes from downtown San Jose, this affordable 3-unit property is vacant and ready for to fix up and start renting! This property features a separate 3 bed / 1 bath 'owners' unit and a separate duplex building in the back with two 2 bed/ 1 bath units. These units have been updated with dual pane windows and newer central heating and air conditioning systems. Each unit has laundry hookups. This property needs some TLC, but with some sweat equity and some help from the trades, this property could be in tip top condition. Excellent cash flow opportunity - Rented for over $3,800/month when fully occupied!! Great location near downtown San Jose, SJSU, Hwy 280, 101, 87, light rail, and more!
Go to http://dalewarfel.point2agent.com/San_Jose for details.
The price on this property has been reduced to $425,000.
PENDING SALE!
Remodeled Mountain View Condo in 'The Waters' Condominium Complex
905 W. Middlefield Rd. Unit #971, Mountain View, CA 94043
2 Bedrooms/2 Bathrooms/Approx. 998 Sq. Ft.
This ground floor water front condominium has been remodeled with wheelchair accessible bathrooms. The hall bathroom has been remodeled, with permits, into a huge 'roll-in' shower with safety bars. The master bathroom features a wheelchair compatible vanity and toilet area. Both bathrooms and the master bedroom feature extra wide doors. The kitchen has been updated with new counters, sink, and faucet, and refreshed cabinets. All of the floors are hard surface (Laminate Flooring or Tile) allowing for easier maneuvering. There is also a large deck that overlooks the community lake. The peaceful complex also features a pool, spa, and tennis courts.
Go to http://dalewarfel.com/ for more details.
The list price of this home is 449,000.
PENDING SALE!
Beautiful Santa Clara Home near Rivermark
4660 Wilcox Avenue, Santa Clara
3 Bedrooms/2.5 Bathrooms/Approx. 1,473 Sq. Ft.
This beautiful 2 story home features gorgeous tile floors downstairs, an open kitchen with light wood cabinets, granite counters, and plenty of storage, attached 2 car garage, and is close to Cisco, Mission College, Rivermark and more. The low maintenance back yard is perfect for busy professionals who just want a place to relax after a long day at work.
Go to http://dalewarfel.com/ for more details.
This price of this home has been reduced to $509,950.
PENDING SALE!
Tri-Plex 2 Blocks from SJSU
112 N 9th Street, San Jose
- 1 ea - 2 Bed/1 Bath unit
- 2 ea - 1 Bed/1 Bath units
Approx. 1,700 Sq. Ft.
Who says lightning doesn't strike three times! This wonderful, fully occupied triplex provides good cash flow and the potential to have positive cash flow with a reasonable down payment. This property features individual 1 car garages (deep enough to park two small cars in tandem!) for each unit. The kitchen in the two bedroom unit was remodeled with new cabinets and counters last year, and the roof is only 3 years old.
Go to http://dalewarfel.point2agent.com/San_Jose for details.
SOLD!
Willow Glen Townhome with 2 Master Bedrooms
984 Goodacre Lane, San Jose
2 Bedrooms/2.5 Bathrooms/Approx. 1,247 Sq. Ft.
This beautiful tri-level townhome features separate living room with gas log fireplace, formal dining room, eat-in kitchen, inside laundry, 2 master bedrooms, and a full 2 car garage with extra storage. This home is located with convenient access to Hwy 85, 87, and Almaden and Expressway Expressways.
Go to http://dalewarfel.com/ for details.
This Home Sold for $425,000.
LISTING SOLD!
Mountain View Townhouse
363 N Rengstorff Ave., #5, Mountain View
3 Bedrooms / 2 Bathrooms / Approx. 1,296 Sq. Ft.
This Home Sold for $505,000.
LISTING SOLD!
Blossom Valley Single Family Home
5348 Entrada Olmos, San Jose
3 Bedrooms/2 Bathrooms/Approx. 1,296 Sq. Ft.
This Home Sold for $425,000.
LISTING SOLD!
Morgan Hill Single Family Home
760 La Crosse Drive, Morgan Hill
5 Bedrooms/3 Bathrooms/Approx. 3,070 Sq. Ft.
This Home Sold for $700,000.
Thank You:
Thank you to RW A., Yvonne T., Ted E., Steve M., Andre G., and Steven P. for your referrals.
Market Update
Sales of single-family, re-sale homes rose 10.3% last month compared to March. Year-over-year, sales were off 33.5%. Year-to-date, home sales are off 37.8%.
The median price for homes dropped 4.1% month-over-month, and was off 9.9% compared to last April. Nevertheless, we're hearing reports that well-priced homes in the best neighborhoods are receiving multiple offers.
Condo sales were also up last month, rising 12% from March, but off 45.6% year-over-year.
The median price for condos dropped 5.2% from the month before, and was down 9.4% year-over-year.
Inventory continues to increase with the supply of homes up 7.8% from March, and up 28.1% year-over-year. Condo inventory gained 8.3%, up 20% compared to last April.
The sales price to list price ratio fell slightly to 96.78% for homes. The ratio for condos fell to 96.11%.
Days on market fell six days to 49 for homes. Days on market for condos rose five days to 57 days.
Our days of inventory indicator for single-family homes continued downward on the increase in sales, shedding 7 days, sending the indicator to 298 days. The indicator for condos fell ten days to 291.
Market Snapshot - Santa Clara County |
|
|
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
| Apr-09 |
4,919 |
912 |
96.78 |
$597,877 |
61 |
1,678 |
| Mar-09 |
5,117 |
721 |
97.02 |
$592,941 |
65 |
1,854 |
| Feb-09 |
5,032 |
579 |
96.50 |
$559,413 |
63 |
1,678 |
| Jan-09 |
4,787 |
570 |
97.21 |
$561,711 |
65 |
1,590 |
| Dec-08 |
4,636 |
677 |
97.28 |
$657,842 |
57 |
1,059 |
| Nov-08 |
5,290 |
618 |
97.43 |
$637,593 |
59 |
1,282 |
| Oct-08 |
5,783 |
816 |
97.82 |
$687,857 |
50 |
1,871 |
| Sep-08 |
5,772 |
902 |
97.69 |
$750,359 |
54 |
1,889 |
| Jun-08 |
6076 |
927 |
98.28 |
$922,149 |
50 |
1,977 |
| Mar-08 |
5,522 |
583 |
98.94 |
$984,325 |
55 |
2,051 |
| Dec-07 |
4,163 |
490 |
98.16 |
$998,788 |
54 |
946 |
| Sep-07 |
4,875 |
506 |
99.83 |
$1,079,868 |
36 |
1,730 |
| Jun-07 |
4,465 |
979 |
100.20 |
$1,065,282 |
40 |
1,984 |
| Mar-07 |
3,345 |
890 |
99.73 |
$1,065,798 |
57 |
1,888 |
| Dec-06 |
2,349 |
825 |
98.30 |
$903,208 |
59 |
562 |
| Sep-06 |
3,926 |
887 |
99.00 |
$922,195 |
50 |
2,006 |
| Jun-06 |
3,793 |
1,192 |
100.17 |
$989,891 |
35 |
2,491 |
| Dec-05 |
1,958 |
970 |
98.98 |
$881,718 |
41 |
705 |
| Jun-05 |
2,654 |
1,623 |
100.95 |
$926,348 |
17 |
1,743 |
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
| Apr-09 |
1,723 |
261 |
96.11 |
$331,644 |
69 |
529 |
| Mar-09 |
1,777 |
251 |
96.51 |
$308,845 |
73 |
604 |
| Feb-09 |
1,769 |
183 |
97.21 |
$365,413 |
66 |
507 |
| Jan-09 |
1,737 |
147 |
96.97 |
$312,851 |
72 |
565 |
| Dec-08 |
1,647 |
208 |
96.49 |
$368,525 |
61 |
385 |
| Nov-08 |
1,791 |
185 |
97.71 |
$365,676 |
59 |
436 |
| Oct-08 |
1,921 |
272 |
98.36 |
$412,242 |
57 |
573 |
| Sep-08 |
1,948 |
266 |
97.54 |
$425,590 |
55 |
617 |
| Jun-08 |
2,008 |
242 |
99.04 |
$521,677 |
46 |
660 |
| Mar-08 |
1,808 |
196 |
98.37 |
$569,869 |
53 |
625 |
| Dec-07 |
1,384 |
188 |
97.77 |
$533,120 |
51 |
321 |
| Sep-07 |
1,752 |
184 |
99.36 |
$558,182 |
42 |
598 |
| Jun-07 |
1,604 |
415 |
100.00 |
$574,099 |
36 |
742 |
| Mar-07 |
1,202 |
416 |
100.00 |
$559,760 |
61 |
739 |
| Dec-06 |
948 |
343 |
99.07 |
$522,741 |
53 |
214 |
| Sep-06 |
1,525 |
387 |
99.43 |
$523,614 |
44 |
773 |
| Jun-06 |
1,291 |
479 |
100.50 |
$522,932 |
34 |
953 |
| Dec-05 |
707 |
423 |
100.25 |
$514,549 |
36 |
312 |
| Jun-05 |
760 |
673 |
103.79 |
$506,697 |
14 |
683 |
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March 2009
|
Greetings!
Welcome to Dale Warfel’s March 2009 Newsletter.
Personal News:
We've each had our turn at fighting off a cold this past month. Mimi and I both lost our voice for a couple days (luckily not at the same time). Johnny got over it pretty fast, but us old folks took a little longer! Our cat Sneakers continues to slowly expand his comfort zone. He is now going into the neighbors yard and longs to go outdoors. When he finally wants to come in, it's for food and to sleep in one of our laps. He also loves water, playing in Sasha's water bowl, or chasing the water stream when Mimi is watering the potted plants with the hose. He also wants to get in the bath with Johnny. Once he gets wet, he jumps out, shakes off, then tries to get back in again.
Professional News:
On several occasions, I have been asked by distressed homeowners about the choice between short sales, loan modification, and bankruptcy, and asked which option would be best for them. In cases such as this, and to provide the highest level of service to my clients, I defer to other professionals when it comes to making recommendations to my clients in these matters. Each of these options may have legal, tax, credit, financial, and other consequences that are well beyond my scope and area of expertise. I do, however, know professionals who can counsel clients in these areas. If you know of a homeowner facing such a difficult decision, please give me a call with their contact information. I'll follow up with them and help them connect to professionals that specialize in these areas.
Do You Need A Referral?
If you are needing a referral for a qualified service provider, chances are that I have someone in my database that can help. From a massage therapist to a CPA, from an insurance agent to a mortgage broker, I have an excellent list of resources. E-mail me at Dale@DaleWarfel.com and let me know how I can assist you.
Looking for a Home? (or What’s Happening in My Neighborhood?)
Are you looking for a private, secure place to search for real estate? Would you like to know what's happening in your neighborhood? My MLS Advisor Service provides up to date information on listing activity in your area or in any Bay Area region you choose. Search for active listings, properties in escrow, price reductions, and much more. Take a test drive!
Go to: www.DaleWarfel.com and click on MLS Search.
COMING SOON!
Unique Mountain View Condo in 'The Waters' Condominium Complex
905 W. Middlefield Rd. Unit #971, Mountain View, CA 94043
2 Bedrooms. 2 Bathrooms / Approx. 998 Sq. Ft.
This ground floor condominium features upgrades appealing to a special buyer. The hall bathroom has been remodeled, with permits, into a huge 'roll-in' shower with extra wide doors in both bathrooms and the master bedroom designed to accommodate wheelchair bound persons. The master bathroom has been modified, removing the stall shower and providing more open floor space around the toilet and vanity. All of the floors are hard surface (Laminate Flooring or Tile) allowing for easier maneuvering. There is also a large deck that overlooks the community lake.
The list price of this home is TBD.
PRICE REDUCED!
Beautiful Santa Clara Home near Rivermark
4660 Wilcox Avenue, Santa Clara
3 Bedrooms / 2.5 Bathrooms / Approx. 1,473 Sq. Ft.
This beautiful 2 story home features gorgeous tile floors downstairs, an open kitchen with light wood cabinets, granite counters, and plenty of storage, attached 2 car garage, and is close to Cisco, Mission College, Rivermark and more. The low maintenance back yard is perfect for busy professionals who just want a place to relax after a long day at work.
Go to http://dalewarfel.com/ for more details.
This price of this home has been reduced to $567,600.
BACK ON THE MARKET!
4-Plex Near Downtown San Jose
129 Duane Street, San Jose
- 4 units - Each unit is 1 Bed/1 Bath
Approx. 2,111 Sq. Ft.
This 4-plex has been updated with dual pane windows and central heating/air conditioning systems. All 4 units are 1 bed/1 bath units, These units are in a high demand area, and are very easy to keep rented, as they are only a few minutes drive from Downtown San Jose, SJSU, shopping and restaurants. Detached laundry room services all 4 units. Rental Income is over $3,800 per month! Tenants pay all utilities (electric, gas, and water).
Go to http://dalewarfel.com/ for more details.
The price on this property has been reduced to $450,000.
BACK ON THE MARKET!
Tri-Plex Near Downtown San Jose
125 Duane Street, San Jose
- 1 ea - 3 Bed/1 Bath unit
- 2 ea - 2 Bed/1 Bath units
Approx. 2,368 Sq. Ft.
Thinking of owning some investment property in a great location? Located just minutes from downtown San Jose, this affordable 3-unit property features a separate 3 bed / 1 bath 'owners' unit and a separate duplex building in the back with two 2 bed/ 1 bath units. These units have been updated with dual pane windows and newer central heating and air conditioning systems. Each unit has laundry hookups. This property needs some TLC, but with some sweat equity and some help from the trades, this property could be in tip top condition. Excellent cash flow - Over $3,800/month rent!! Great location near downtown San Jose, SJSU, Hwy 280, 101, 87, light rail, and more!
Go to http://dalewarfel.point2agent.com/San_Jose for details.
The price on this property has been reduced to $440,000.
SALE PENDING!
Willow Glen Townhome with 2 Master Bedrooms
984 Goodacre Lane, San Jose
2 Bedrooms / 2.5 Bathrooms / Approx. 1,247 Sq. Ft.
This beautiful tri-level townhome features separate living room with gas log fireplace, formal dining room, eat-in kitchen, inside laundry, 2 master bedrooms, and a full 2 car garage with extra storage. This home is located with convenient access to Hwy 85, 87, and Almaden and Expressway Expressways.
Go to http://dalewarfel.com/ for details.
This home is listed at $459,000.
SALE PENDING!
Tri-Plex 2 Blocks from SJSU
112 N 9th Street, San Jose
- 1 ea - 2 Bed/1 Bath unit
- 2 ea - 1 Bed/1 Bath units
Approx. 1,700 Sq. Ft.
Who says lightning doesn't strike three times! This wonderful, fully occupied triplex provides good cash flow and the potential to have positive cash flow with a reasonable down payment. This property features individual 1 car garages (deep enough to park two small cars in tandem!) for each unit. The kitchen in the two bedroom unit was remodeled with new cabinets and counters last year, and the roof is only 3 years old.
Go to http://dalewarfel.point2agent.com/San_Jose for details.
SHORT SALE APPROVED!
Willow Glen Single Family Home
2622 Meridian Ave., San Jose
3 Bedrooms/2 Bathrooms/Approx. 1,296 Sq. Ft.
This wonderful home features remodeled baths with new fixtures, tile floors and custom tile surrounds in the tub and shower enclosures. Gleaming hardwood floors adorn the living room and hallway. Dual pane windows and a newer central heating system. The kitchen could use some updating, but offers plenty of counter space and storage, especially with the pantry. This home is priced to sell.
Go to http://dalewarfel.point2agent.com/San_Jose for more details.
SOLD!
2 Bed/2 Bath Townhome Near Downtown San Jose
2643 Senter Creek Court, San Jose, 95110
2 Bedrooms / 2 Bathrooms / Approx. 1,146 Sq. Ft.
This home sold for $200,000.
Thank You:
Thank you to RW A., Yvonne T., Ted E., Steve M., Andre G., and Steven P. for your referrals.
Market Update
Home sales increased, year-over-year, by 59.1% in January. This is the seventh month in a row homes sales have been up compared to the year before. The 59.1% was also the largest increase in the past seven months.
Sales continue to be concentrated in the lower-priced cities such as San Jose where year-over-year sales were up 108.2%, and Gilroy where sales were up 269.2%.
The median price for single-family, re-sale homes dropped 12.4% from December, and was off 39.6% year-over-year. The average price fell 13.7%, month-over-month, and was down 43.5% compared to January 2008.
There was some good news with inventory, which was down 19.4% year-over-year.
The sales price to list price ratio fell 0.07 of a point to 97.21%.
Condo sales were down 29.3% from December, but managed to eke out a 2.8% increase compared to last January.
The median price for condos was also down sharply last month, dropping 12.7% from December, and it was off 43.7% compared to last January. The average price fell 15.1%, month-over-month, and was down 40.7% compared to January 2008.
Condo inventory was down 14.5% year-over-year.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.
Market Snapshot - Santa Clara County |
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Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Jan-09 |
4,787 |
570 |
97.21 |
$561,711 |
65 |
1,590 |
Dec-08 |
4,636 |
677 |
97.28 |
$657,842 |
57 |
1,059 |
Nov-08 |
5,290 |
618 |
97.43 |
$637,593 |
59 |
1,282 |
Oct-08 |
5,783 |
816 |
97.82 |
$687,857 |
50 |
1,871 |
Sep-08 |
5,772 |
902 |
97.69 |
$750,359 |
54 |
1,889 |
Jun-08 |
6076 |
927 |
98.28 |
$922,149 |
50 |
1,977 |
Mar-08 |
5,522 |
583 |
98.94 |
$984,325 |
55 |
2,051 |
Dec-07 |
4,163 |
490 |
98.16 |
$998,788 |
54 |
946 |
Sep-07 |
4,875 |
506 |
99.83 |
$1,079,868 |
36 |
1,730 |
Jun-07 |
4,465 |
979 |
100.20 |
$1,065,282 |
40 |
1,984 |
Mar-07 |
3,345 |
890 |
99.73 |
$1,065,798 |
57 |
1,888 |
Dec-06 |
2,349 |
825 |
98.30 |
$903,208 |
59 |
562 |
Sep-06 |
3,926 |
887 |
99.00 |
$922,195 |
50 |
2,006 |
Jun-06 |
3,793 |
1,192 |
100.17 |
$989,891 |
35 |
2,491 |
Dec-05 |
1,958 |
970 |
98.98 |
$881,718 |
41 |
705 |
Jun-05 |
2,654 |
1,623 |
100.95 |
$926,348 |
17 |
1,743 |
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Jan-09 |
1,737 |
147 |
96.97 |
$312,851 |
72 |
565 |
Dec-08 |
1,647 |
208 |
96.49 |
$368,525 |
61 |
385 |
Nov-08 |
1,791 |
185 |
97.71 |
$365,676 |
59 |
436 |
Oct-08 |
1,921 |
272 |
98.36 |
$412,242 |
57 |
573 |
Sep-08 |
1,948 |
266 |
97.54 |
$425,590 |
55 |
617 |
Jun-08 |
2,008 |
242 |
99.04 |
$521,677 |
46 |
660 |
Mar-08 |
1,808 |
196 |
98.37 |
$569,869 |
53 |
625 |
Dec-07 |
1,384 |
188 |
97.77 |
$533,120 |
51 |
321 |
Sep-07 |
1,752 |
184 |
99.36 |
$558,182 |
42 |
598 |
| Jun-07 |
1,604 |
415 |
100.00 |
$574,099 |
36 |
742 |
| Mar-07 |
1,202 |
416 |
100.00 |
$559,760 |
61 |
739 |
| Dec-06 |
948 |
343 |
99.07 |
$522,741 |
53 |
214 |
| Sep-06 |
1,525 |
387 |
99.43 |
$523,614 |
44 |
773 |
| Jun-06 |
1,291 |
479 |
100.50 |
$522,932 |
34 |
953 |
| Dec-05 |
707 |
423 |
100.25 |
$514,549 |
36 |
312 |
| Jun-05 |
760 |
673 |
103.79 |
$506,697 |
14 |
683 |
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For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: Dale@DaleWarfel.com or on the phone: 408.624.6202
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January 2009
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Greetings!
Welcome to Dale Warfel’s January 2009 Newsletter.
Personal News:
Things have been a blast at home since our new cat Sneakers arrived. Johnny absolutely loves the cat, and the cat tolerates Johnny picking him up and carrying him everywhere (except to bed!). Now that the holidays are over, we are back to life as usual, more or less. Johnny went to a Tae Kwon Do studio for a party for one of his school buddies, got to break a board, and now wants karate lessons! We'll see about that one.
Professional News:
Short sales are continuing to offer me an opportunity to improve my negotiating skills while helping my clients avoid foreclosure. Though the process can be challenging at times, it is so worth the effort to get the approval from the lenders and to give the good news to my clients. Last week, we received lender approval on two of my short sale listings. The seller's lender must approve all short sales, as they are having to accept a less than full payoff for those loans, typically due to either property devaluation, financial hardship on the part of the seller, or a combination of the two. If buyers are patient, they can get some great deals on a short sale purchase. As a Certified Short Sale Professional, I have the tools to work with the banks to get these deals through. If you know of someone who may be in this situation, please contact me and give me their information. I may be able to help them avoid foreclosure.
WE ARE HIRING!! Our office is looking for real estate agents who want to take their businesses to the next level, what ever level that is. If you know of an experienced agent who is looking for a new beginning, or someone contemplating a career change into real estate, please let me know. I would love to talk with them and help them learn about the opportunities at Keller Williams Realty.
Do You Need A Referral?
If you are needing a referral for a qualified service provider, chances are that I have someone in my database that can help. From an insurance agent to a general contractor, from a business coach to a chiropractor, I have an excellent list of resources. E-mail me at Dale@DaleWarfel.com and let me know how I can assist you.
Looking for a Home? (or What’s Happening in My Neighborhood?)
Are you looking for a private, secure place to search for real estate? Would you like to know what's happening in your neighborhood? My MLS Advisor Service provides up to date information on listing activity in your area or in any Bay Area region you choose. Search for active listings, properties in escrow, price reductions, and much more. Take a test drive! Go to: www.DaleWarfel.com and click on the Search the MLS.
JUST LISTED!
Willow Glen Townhome with 2 Master Bedrooms
984 Goodacre Lane, San Jose
2 Bedrooms / 2.5 Bathrooms / Approx. 1,247 Sq. Ft.
This beautiful tri-level townhome features separate living room with gas log fireplace, formal dining room, eat-in kitchen, inside laundry, 2 master bedrooms, and a full 2 car garage with extra storage. This home is located with convenient access to Hwy 85, 87, and Almaden and Expressway Expressways.
Go to http://dalewarfel.com/ for more details.
This home is listed at $459,000.
JUST LISTED!
Beautiful Santa Clara Home near Rivermark
4660 Wilcox Avenue, Santa Clara
3 Bedrooms / 2.5 Bathrooms / Approx. 1,473 Sq. Ft.
This beautiful 2 story home features gorgeous tile floors downstairs, an open kitchen with light wood cabinets, granite counters, and plenty of storage, attached 2 car garage, and is close to Cisco, Mission College, Rivermark and more. The low maintenance back yard is perfect for busy professionals who just want a place to relax after a long day at work.
Go to http://dalewarfel.com/ for more details.
This home is listed at $625,650.
SHORT SALE APPROVED!
Fantastic Value!! 2 Bed/2 Bath Townhome Near Downtown San Jose
2643 Senter Creek Court, San Jose
2 Bedrooms / 2 Bathrooms / Approx. 1,146 Sq. Ft.
Tell all your friends...there are affordable homes in San Jose!! This cute and affordable 2 Bed/2 Bath Townhome features an Attached Garage. The Kitchen Appliances and Water Heater are all less than 2 yrs old. Private Patio off Dining Area. Spacious Bedrooms feature Cathedral Ceilings. Community features a beautiful pool and lots of trees. Excellent location, great for commuting, close to Downtown San Jose, new 'The Plant' Shopping Center, and San Jose State University. Low HOA dues ($220/mo).
Go to http://dalewarfel.com/ for more details.
SHORT SALE APPROVED!
4-Plex Near Downtown San Jose
129 Duane Street, San Jose
- 4 ea - 1 Bed/1 Bath units
Approx. 2,111 Sq. Ft.
This 4-plex has been updated with dual pane windows and central heating/air conditioning systems. All 4 units are 1 bed/1 bath units, These units are in a high demand area, and are very easy to keep rented, as they are only a few minutes drive from Downtown San Jose, SJSU, shopping and restaurants. Detached laundry room services all 4 units. Rental Income is over $3,800 per month! Tenants pay all utilities (electric, gas, and water).
Go to http://dalewarfel.point2agent.com/San_Jose for details.
SALE PENDING!
Tri-Plex 2 Blocks from SJSU
112 N 9th Street, San Jose
- 1 ea - 2 Bed/1 Bath unit
- 2 ea - 1 Bed/1 Bath units
Approx. 1,700 Sq. Ft.
Who says lightning doesn't strike three times! This wonderful, fully occupied triplex provides good cash flow and the potential to have positive cash flow with a reasonable down payment. This property features individual 1 car garages (deep enough to park two small cars in tandem!) for each unit. The kitchen in the two bedroom unit was remodeled with new cabinets and counters last year, and the roof is only 3 years old.
Go to http://dalewarfel.com/ for details.
SALE PENDING!
Tri-Plex Near Downtown San Jose
125 Duane Street, San Jose
- 1 ea - 3 Bed/1 Bath unit
- 2 ea - 2 Bed/1 Bath units
Approx. 2,368 Sq. Ft.
Thinking of owning some investment property in a great location? Located just minutes from downtown San Jose, this affordable 3-unit property is fully rented and ready for a new owner. This property features a separate 3 bed / 1 bath 'owners' unit and a separate duplex building in the back with two 2 bed/ 1 bath units. These units have been updated with dual pane windows and newer central heating and air conditioning systems. Each unit has laundry hookups. This property needs some TLC, but with some sweat equity and some help from the trades, this property could be in tip top condition. Excellent cash flow - Over $3,800/month rent!! Great location near downtown San Jose, SJSU, Hwy 280, 101, 87, light rail, and more!
Go to http://dalewarfel.point2agent.com/San_Jose for details.
SALE PENDING!
Willow Glen Single Family Home
2622 Meridian Ave., San Jose
3 Bedrooms/2 Bathrooms/Approx. 1,296 Sq. Ft.
This wonderful home features remodeled baths with new fixtures, tile floors and custom tile surrounds in the tub and shower enclosures. Gleaming hardwood floors adorn the living room and hallway. Dual pane windows and a newer central heating system. The kitchen could use some updating, but offers plenty of counter space and storage, especially with the pantry. This home is priced to sell.
Go to http://dalewarfel.point2agent.com/San_Jose for details.
Thank You:
Thank you to RW A., Ted E., Ryan L. and Rafael D. for your referrals.
Market Update
Although sales of single-family, re-sale homes were down 1.2% for the year, there was a lot of momentum in the second half of the year.
Home sales increased, year-over-year, in the last six months of 2008. Momentum that should carry over into 2009.
Prices took a hit last year but should start bottoming out in the first half of this year.
For the month of December, sales of single-family, re-sale homes in Santa Clara County were up 38.8% compared to last year. Month-over-month, sales were up 6.8%. Sales continue to be concentrated in the lower-priced cities such as San Jose where year-over-year sales were up 80.6%, and Gilroy where sales were up 186.7%. It’s interesting to note that sales in Palo Alto, a very high priced area, were up 100%.
Prices actually showed some improvement in December. The median price was down a paltry 0.2% from November, and off 36.3% year-over-year. The average price actually rose for the first time in fifteen months, gaining 3.6% month-over-month, down 34% compared to last December.
Inventory crept upward last month, rising 1.9% from November, and up 11.5% compared to December 2007.
The sales price to list price ratio rose 0.1 of a point to 98.9%.
Condo sales rose for the second month in a row, gaining 9.5% from November, and, surprisingly, were up 1% year-over-year.
The median price for condos was flat month-over-month, but was off 38% compared to last December.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.
Market Snapshot - Santa Clara County |
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|
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Dec-08 |
4,636 |
677 |
97.28 |
$657,842 |
57 |
1,059 |
Nov-08 |
5,290 |
618 |
97.43 |
$637,593 |
59 |
1,282 |
Oct-08 |
5,783 |
816 |
97.82 |
$687,857 |
50 |
1,871 |
Sep-08 |
5,772 |
902 |
97.69 |
$750,359 |
54 |
1,889 |
Jun-08 |
6076 |
927 |
98.28 |
$922,149 |
50 |
1,977 |
Mar-08 |
5,522 |
583 |
98.94 |
$984,325 |
55 |
2,051 |
Dec-07 |
4,163 |
490 |
98.16 |
$998,788 |
54 |
946 |
Sep-07 |
4,875 |
506 |
99.83 |
$1,079,868 |
36 |
1,730 |
Jun-07 |
4,465 |
979 |
100.20 |
$1,065,282 |
40 |
1,984 |
Mar-07 |
3,345 |
890 |
99.73 |
$1,065,798 |
57 |
1,888 |
Dec-06 |
2,349 |
825 |
98.30 |
$903,208 |
59 |
562 |
Sep-06 |
3,926 |
887 |
99.00 |
$922,195 |
50 |
2,006 |
Jun-06 |
3,793 |
1,192 |
100.17 |
$989,891 |
35 |
2,491 |
Dec-05 |
1,958 |
970 |
98.98 |
$881,718 |
41 |
705 |
Jun-05 |
2,654 |
1,623 |
100.95 |
$926,348 |
17 |
1,743 |
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Dec-08 |
1,647 |
208 |
96.49 |
$368,525 |
61 |
385 |
Nov-08 |
1,791 |
185 |
97.71 |
$365,676 |
59 |
436 |
Oct-08 |
1,921 |
272 |
98.36 |
$412,242 |
57 |
573 |
Sep-08 |
1,948 |
266 |
97.54 |
$425,590 |
55 |
617 |
Jun-08 |
2,008 |
242 |
99.04 |
$521,677 |
46 |
660 |
Mar-08 |
1,808 |
196 |
98.37 |
$569,869 |
53 |
625 |
Dec-07 |
1,384 |
188 |
97.77 |
$533,120 |
51 |
321 |
Sep-07 |
1,752 |
184 |
99.36 |
$558,182 |
42 |
598 |
| Jun-07 |
1,604 |
415 |
100.00 |
$574,099 |
36 |
742 |
| Mar-07 |
1,202 |
416 |
100.00 |
$559,760 |
61 |
739 |
| Dec-06 |
948 |
343 |
99.07 |
$522,741 |
53 |
214 |
| Sep-06 |
1,525 |
387 |
99.43 |
$523,614 |
44 |
773 |
| Jun-06 |
1,291 |
479 |
100.50 |
$522,932 |
34 |
953 |
| Dec-05 |
707 |
423 |
100.25 |
$514,549 |
36 |
312 |
| Jun-05 |
760 |
673 |
103.79 |
$506,697 |
14 |
683 |
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|
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: Dale@DaleWarfel.com or on the phone: 408.624.6202 |
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