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By Jmartin008 December 16, 2012
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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 ...read more
By Alex Tafoya Homes February 05, 2015
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. ...read more
By Alex Tafoya Homes February 04, 2015
Milpitas Real Estate Market Update Recently SOLD Homes This week starting Oct 26, 2014 there have been 2 homes that SOLD in Milpitas First it's a beautiful modern style 3 bedroom 2.5 bathroom home located at 1067 SANDALWOOD LANE, Milpitas 95035 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 Tafoya408-753-7773 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 ...read more
By Alex Tafoya Homes October 30, 2014
Real estate agents can only base success on the number of sales closed in a year. There is no award or money given for effort. Effort must produce results. Prospecting for new clients, especially new homes to list, is a must. The number of real estate listings an agent has is closely tied to his/her i... ...read more
In older neighborhoods you can easily find newer homes. For a lot of people this makes a great option; it allows you the charm and ambiance that a lot of newer neighborhoods lack with the innovation and solid construction of a new house. ...read more
