Weekly Stats for Cupertino, Sunnyvale and Santa Clara

Above you will see the weekly stats for Cupertino, Sunnyvale and Santa Clara. Please click on the spreadsheet to view a larger picture.

Bank REO condo - cheap price, great condition

Very nice 2 bedroom, 1 bath condo I saw yesterday in South San Jose. Bank owned and very well priced at $157,500. Compared to many bank owned properties, this one is clean and well-kept. There are even some upgrades including tile floors in the kitchen and bathroom and wood flooring in the living room. Upstairs unit with a private balcony. Located at Monterey and Capitol Expressway. Great first time home buyer home or perfect for a rental. This just came on the market and is priced to move. Let me show you it today.

What A Great Investment..

Excellent bank owned four plex listing in a very solid rental area of San Jose. The complex has a great unit mix all consisting of 2 bedrooms/1 bath units. Each unit is approximately 832 sq ft, on a lot size of 6234 sq ft. This property needs some TLC but has great potential to become the perfect living space. Make a great investment now. List Price $775,000.

Santa Clara County Weekly Stats

Please click on the above spreadsheets to view larger picture. This currently shows the weekly stats in Santa Clara County.

Bay Area Apartment Brokers Forum

Guest Speaker: Ken Orvick-Principal,Orvick MangementGroup
Topic: Apartment Management Issues2008
Date: Wednesday, November 12, 2008 - 8 AM
Place: First American Title Company, 1737 North First St., San Jose
Breakfast: Continental Breakfast - no charge - First American Title/Exchange
Chairman: Richard Domich - CB Richard Ellis
Vice Chairman: Keith Suddjian - Cornish & Carey
Membership: Kari Noomen - Washington Mutual
Sponsor: Mary Kay Kennedy - First American Exchange
Sponsor: Joe Campi - First American Title
Sponsor: Paul Monaco- First American Title
Note: All present will have an opportunity to present their listings, buyer requirements, as well as their analysis of current events and market trends that directly effect
the multi-housing (apartment) industry in Silicon Valley and greater Bay Area.
Adjournment: 9:30 AM
Dec. 10, 2008 Robert Meyer - Tenant-In-Common Update - Proposed NAR Exemption
Jan. 14, 2009 Kari Nooman - Financing Multi-Housing Properties 2009
Feb. 11, 2009 Ric Russell - The Future of Multi-Housing Brokerage 2009

Almaden Valley Bank Owned

Great opportunity in the beautiful Almaden neighborhood. Popular tri level floor plan with separate family and living rooms. Spacious yard with lots of privacy and potential. Freshly painted interior with new stove and dishwasher. Hardwood flooring and crown moulding. Wonderful master suite with double doors and walk in closet. This home is a 3 bedroom 2.5 bath and approximately 1866 sq ft with a lot size of 8103.

Cupertino Homes

Beautifully remodeled home in Moreland School District on a lovely tree lined street with convenient access to shops and freeways. This 3 bedroom 2 bathroom home has many amenities such as: new roof, new int & ext paint, new kitchen with stainless steel appliances, new cabinets, copper pipes, dual pane windows, remodeled baths, upgraded base boards and interior doors, hardwood floors, new carpeting, recessed lighting, new front door. This home has also been beautifully landscaped all around. List Price $799,000

Downtown San Jose Short Sale Condos

There are three units we are tracking in a downtown San Jose condo complex that are very good opportunities. 2 bedroom, 2 bath units, slightly over 1,000 square feet in a relatively modern building, well-located and well-maintained. All offered in the low $300,000s. These are short sales and one of them already has bank approvals in place to sell the unit at less than what the owners owe. Call me to get details and to set a showing. You will be pleased.

Retail/Office For Sale in Cupertino, Ca

Travigne Plaza, Cupertino, Ca

• 10,463 SF Retail/Office Building
• $4,004,000 Purchase Price
• $260,237 N.O.I
• 6.5% Cap Rate
• Assumable Loan of $2,374,695
• High Traffic Counts
• Prestigious Stevens Creek Location
  

If you have any questions or would like to preview this suburb location please contact me.

Live In Santana Row Now!!

Within the last two weeks three listings have gone on the market in lovely Santana Row. A place that is full of fun and excitement with so much to do. You can make a lot happen in this beautiful community such as, a simple walk down the streets, you can mix in a little work out at the gym, shopping, and of course lots of amazing places to eat, drink and dance. The newly listed condos have amazing views of the Santana Row Shops, one condo is a 1bed/1.5bath, and the other two listed are 1bed/1bathrooms. Each condo has it's own very unique look and style. Come join the fun now whether it's a weekend get away condo or your own permanent residence. Please contact krasmussen@interorealestate.com to find out more information.

Santa Clara County Residential Inventory Stats

Please click both diagrams individually to view larger picture of the Santa Clara County Stats.

Bank Owned Homes

Now's the perfect time to take advantage of the market and investment in bank owned home. It's crazy the homes I have come across and what excellent deals you can find out there. For example, this very nice Willow Glen 3 bedroom 2 bathroom 1300 sq ft home. This home is located on a great tree lined street. Large kitchen, spacious living room with hardwood floors, fireplace and french doors leading to the nicely landscaped yard. List price $518,900. For more information on bank owned home please contact me.

Excellent Sunnyvale Duplex listing

I just listed a very well maintained, spacious duplex on nice quiet convenient street in Sunnyvale with Cupertino schools. Large owners unit in rear with full backyard, great floorplan, natural lighting, hardwood floors, excellent condition. Perfect owner occupant home. Second unit in front is good rental or in-law unit. Both units fully occupied with stable tenants who would stay. Rent upside on both units. List Price $895,000. Please contact me for information.

New Bank Owned Single Family Homes

Incredible bank owned Almaden Valley home with upgraded Pergo plantation shutters, newer roof, upgraded baths, hot tub with private backyard and no back neighbors. Very low price and located by excellent schools, Simonds, Castillero and Leland High School. This home is in excellent condition. Don't let this one go by. List Price $ 739,900. For more information please contact krasmussen@interorealestate.com.

Very beautiful BANK OWNED home in Campbell. You will fall in love instantly. This 4 bedroom 3 bath is fully lined with hardwood floor, granite countertops in kitchen, nicely landscaped in both front and back yard. Move in ready. Please come and see it, you will not regret it.

Loan Modification

There are attorney groups available in this market that are doing very good work in loan modification. This may be the best solution for those who want to refinance but cannot due to low FICO scores or reduced equity in their homes. We have seen results such as 7% fixed rate 30 year loan modified to 4.0% or lower for the life of the loan! Some results are better, some are not as great, but a good percentage reduce rates and payments to make the borrower have an easier payment. Principle reductions are extremely rare. So if you want to review or improve your situation, let us know, we can send you the right way.

Home Buyer Seminar-Thur, Oct 16th

Topic: How to Buy In This Current Market

The current economic conditions create a lot of confusion for many people, especially those who have been thinking about buying a house, whether it's 1st-time homebuyers or someone needing to move up.
- “Should I buy now? Will the housing prices go down even more?”
- “Should I wait for mortgage rates to go down a bit?”
- “I see the current crisis as an opportunity, how do I get in as a 1st time home buyers now? Can I even qualify without much downpayment?”
- “I'm thinking about buying a bigger home, how can I buy before selling my existing house?”
- “What are some of the strategies that I can use to take advantage of the current economic situation?”

These are common questions that I get asked all the time. If you find yourself asking the same questions, then come and invest 2 hours of your time to get educated. The truth is that the answer to all these questions is "it depends". But you need to know "it depends on WHAT?"

At Opes Advisors, we help clients navigate through the home buying maze by integrating debt management strategies with overall long term financial planning. The real question you should yourself is "How does buying a house affect my short-term and long-term financial planning?”

Event details:
6:45pm - 7:00pm Registration & Networking
7:00pm - 8:00pm Presentation
8:00pm - 8:30pm Q & A
Drinks and light refreshment will be provided.
RSVP by Oct 15th - Email: Krasmussen@interorealestate.com

Home Buyers Workshop October 16, 2008

Great Bank Owned Milpitas Home

A beautiful 4 bedroom 3 full bath home has arrived! Waiting for a new owner, very nice and quite neighborhood.Price to sell don't wait this is a must see home. Has a lot of potential, easy access to 680 freeway, walking distance to shopping, school and park. Bank Owned. List Price $689,000. For more information please contact my assistant krasmussen@interorealestate.com.

Best Priced Cupertino Townhouse

Just on the market two days ago is a very beautiful 3 bedroom 2 full bath Cupertino townhome. One bedroom & one full bath downstairs, end unit, very bright and open floor plan, new garage door, and hardwood floor downstairs. Great Cupertino schools. Lovely complex with pool/tennis court/children play area and very close to 280/Lawrence Expressway. SELLER IS VERY MOTIVATED. List Price $568,888. To view more photos please visit http://agent.interorealestate.com/Search/PhotoTour.aspx?ID=5243&listingID=18-1-837199. If you have further questions or interested in a tour please contact mario@interorealestate.com.

Sue McAllister of San Jose Mercury News Speaks at Board of Realtors this Morning

In the Cupertino offices of the Silicon Valley Association of Realtors this morning, Sue McAllister, the real estate writer for the San Jose Mercury News spoke to about 75 local Realtors. Her delicate roll in the middle of the real estate game is tricky. As a reporter, she must provide a balanced view of what is going on in the real estate market. Obviously, there are groups, Realtors, renters, home owners, home buyers, lenders, politicians and more who want their "truth" told. What an eye of the storm to live in! What Sue is great at is reading comments on the on-line version of the Mercury News and the associated blog Square Feet. So, if you have any gripes or compliments - post away - I do.