Silicon Valley & Santa Clara County Real Estate News

April 3, 2017

Latest Silicon Valley Property Market Report

Read the latest numbers for the Silicon Valley property market.Silicon Valley property continues to sell quickly, with the average house being on the market for 106 days. This is a strong downward trend. The median list price for Silicon Valley real estate is just over $2.2 million. This trend is holding steady. Supply remains tight, making this a seller’s market. However, 21% of homes have seen a price decrease, and 9% of homes have been relisted.

Get Expert Advice on Buying and Selling Silicon Valley Real Estate

Even in a tight market we can still see differing trends when we break down the market into quartiles. The most expensive 25% of homes sell for an average of $3.9 million. These homes have an average of five bedrooms and four and a half baths and are just under 4,500 square feet. On average, they spend 243 days on the market. The next 25% of houses have an average price of just under $2.6 million. They are about 2,900 square feet, with four bedrooms and three baths. They sell in an average of 81 days. The third quartile of homes are just a little smaller, at an average of 2,500 square feet with four bedroom and two and a half baths. Their average price is just under $1.7 million, and they sell in 85 days. The bottom quartile is the fastest segment of Silicon Valley property. These homes sell for an average of $950,000 and have three bedroom and two bathrooms. They are around 1,600 square feet. They sell the fastest, with an average 22 days on the market.

Whether you are interested in buying or selling in Silicon Valley, give our office a call. We have experience in all segments of the market and would love to help you find your dream home.


Posted in News
March 27, 2017

Take Swim Lessons or Join a Team Near Santa Clara Homes at the Santa Clara Swim Club

Take lessons at Santa Clara Swim Club near Santa Clara homes.There’s plenty of splashing around to be found near Santa Clara homes. For decades, from babies on up, the Santa Clara Swim Club has been teaching youngsters how to swim. Swim programs range from introductory lessons to a USA Swimming affiliated competing swim team. Beginning classes for kids focus on water familiarity and fun as well as becoming comfortable in an aquatic environment. Parent and me, preschool, and elementary aged classes are all routinely on the schedule. Once at ease in the water, kicking and breathing techniques are introduced. As the advancement level increases correct form for freestyle, back, breast, and butterfly strokes are approached.

Santa Clara Real Estate Owners Go to Swim Meets at the Club

Energetic and ambitious swimmers may want to join the competitive swim team located on this piece of Santa Clara real estate. The Santa Clara Swim Club welcomes members as young as six who can pass specific swimming requirements. Coaches work on stroke technique, dives and turns, good sportsmanship, self esteem and more. Swim meets are regularly attended by the club. More information about readiness for enrollment can be found at the club website, or by calling 408.246.5050. A year round water polo program is also held on site for youth ages 10 to 18.

Founded in the 1950’s the Santa Clara Swim Club has provided a safe and fun place for swimming for those living in Santa Clara homes. Sign your swimmer up today. 


Posted in News
March 22, 2017

Economic Confidence is Helping Boost the Silicon Valley Real Estate Market

Read the latest Silicon Valley real estate market.For people considering a Silicon Valley real estate purchase, a recent survey will be of interest. A new National Association of Realtors survey found that 80% of those surveyed consider conditions right for buying, while 69% think it’s a good time to sell. Confidence in the economy is also very high, with 62% of survey responses consider that the economy is improving. According to experts, positive feelings about the economy lead many people to consider big purchases, like a new house.

Hire a Real Estate Agent to Help with Buying or Selling a Silicon Valley Home

In the Silicon Valley real estate market, some of those positive feelings are slightly dampened by the tight inventory of houses, especially in the more affordable end of the market. People selling one Silicon Valley home while looking for another may run into the challenge that it’s easier to sell a house than buy one. The market moves very quickly. A good real estate agent can help sellers who are also buying to craft a plan to deal with this situation. It’s smart to have the plan in place before even listing your property.

Whether you are buying or selling this spring, feel free to get in touch with our office. We would be happy to advocate for you in the Bay Area real estate market.


Posted in News
March 20, 2017

Visit Cinnabar Winery Near Your Saratoga Home

Go wine tasting near your Saratoga home.Cinnabar Winery has called Saratoga home since 2007. Before then, it existed in the Santa Cruz Mountains, where founder Tom Mudd oversaw 22 acres of vineyards and took pleasure in seeing winemaking as a form of modern alchemy, combining science with nature. Current winemakers George Troquato and Cellar Master Alejandro Aldama have been with Cinnabar for more than 25 years. They are very seasoned and have a very careful screening process for all vineyards they use to make wine. Their process is state of the art and provides an elegant and memorable wine for all to enjoy.

Go Wine Tasting on Downtown Saratoga Real Estate

Today, Tom’s children Jack and Karina carry on where their father left off when he passed away. Cinnabar’s Saratoga home includes a tasting room downtown that is chic and even offers an after-hours wine bar complete with live music on the weekends. This tasteful facility can also be rented for small to medium sized events and gatherings. It could be a great choice for a company gathering, birthday party, or family event. Indoor and outdoor spaces are available. Stop in for a tasting and enjoy some Artisan cheeses, charcuterie, crackers, olives and other fine foods, grab a bottle of wine before heading home to your Saratoga real estate, or come in for the live music or other great events here throughout the year. Read more about the wines and find a calendar of events at Cinnabar Winery


Posted in News
March 15, 2017

March 2017 Bay Area Real Estate Market Report

Bay Area real estate has been on an upward trend this Spring in terms of inventory and days on the market. Sellers are starting to lower prices and interest rates have been fairly stable, making current conditions more of a buyer's market. Proposed interest rate increases are pending which may create higher numbers of buyers to lock in rates and find their new homes between now and the end of March, changing that trend. For homes in Los Gatos, the median price is currently $2,584,000, with the asking price per square foot at $858. Property prices have been trending downward and a 10% decrease was noted over the last month. The size of the median Bay Area home sold in the last month has decreased to 2875 square feet, showing a trend toward smaller homes of late. The average number of days on the market is currently 174. 

Bay Area Home Quartiles Show Distinctness of Neighborhoods

Looking carefully at the statistics, we note some distinct trends for the four major quartiles of Bay Area housing. The lowest priced homes are selling for a median price of just below $1.4 million. On average, these homes are 1,716 square feet in size and spend 81 days on the market, numbers that have stayed steady over the last six months. The lower-middle priced homes have a median price of $2.2 million and are around 2,471 square feet. They spend 184 days on the market, showing that sellers in this quartile are spending longer than usual selling their homes. The upper-second quartile houses go for a median price near $2.8 million and are 3,390 square feet. These homes spend about 138 days for sale, which is slightly higher that previous months, but not noticeably so. The top-priced homes sell for over $5 million. They average more than 5,185 square feet and are typically properties with acreage. These homes have seen increases in days on market stats and sellers are seeing sharp increases in the time it takes to sell a home, averaging up to 10 months.

Posted in News
March 13, 2017

Cleaner, Greener Home Ideas for People Living in Silicon Valley

Get tips for healthy living in Silicon Valley.Taking care of your health and your home is a top priority for many of us living in Silicon Valley. There are many simple things to do that beautify Silicon Valley property while creating a more healthful environment. Adding some potted plants to your living space is a great way to improve air quality. Choose succulents, fresh herbs, or lilies.

Another easy way to keep everyone healthy is to remove your shoes before entering the house. Corral shoes on a floor mat, shoe shelf, or cabinet to keep dirt and germs out of your living space. This is especially important for households with pets or little kids. Keeping shoes off of floors and carpets also lengthens their lives and makes cleaning easier.

Keep Your Silicon Valley Property Comfortable with Our Tips

People living in Silicon Valley and planning painting projects should look into low-VOC (volatile organic compounds) paints. These are water-based and non-toxic. They also have less smell than traditional paints.

Keeping your home at the right temperature can also help to keep everyone healthier. Most people are more comfortable between 72 and 76 degrees. Look into smart thermostats that keep the house comfortable when people are home and go into energy saving mode when you’re out. In the winter, adding a humidifier to bedrooms can help everyone breathe easier at night.

Keeping your house healthy and comfortable is mostly a matter of good habits and a little forethought.


Posted in News
March 8, 2017

Stay Active on Santa Clara Property at the Community Recreation Center

Get fit on Santa Clara property.To stay fit and meet friends, Santa Clara property owners head to the Community Recreation Center. The building has a stage, kitchen, activity rooms, and ceramics room. Adults and kids living in Santa Clara have many choices for classes to take. Residents of the city have priority registration, as well as reduced rates for many classes. Choose sports, art classes, dance or get involved with the Junior Theatre. Master the basics of drawing, move on to pastels, or take up throwing pots and take a ceramics class. Learn to play guitar, take piano lessons, or sing.

Everyone Living in Santa Clara Can Find Fun Classes

There are also drop-in exercise classes held everyday. The cost for one class is $5.50. Consider a pass to get a reduced rate per class. Babysitting is also available during classes held in the morning Monday through Friday. The cost per child is $2.50. Classes include pilates, kickboxing, and Zumba.

Special events are held throughout the year. Residents are also welcome to rent the Community Recreation Center for events and parties. A schedule of classes is mailed to every Santa Clara property three times a year. You can also visit the Community Recreation Center online or in person to pick one up. Find out about all the things you can do at the center! 


Posted in News
March 6, 2017

Read the Latest on Window Treatments for Silicon Valley Real Estate

Silicon Valley real estate owners get great shades.There are many earth friendly benefits of updating the window treatments in your Silicon Valley real estate. Not only will this upgrade make your house more stylish, but it can also help you save money and support companies and materials that are good for our planet. Whether looking into blinds, shades, or curtains there are many options that follow this trend. Investing in solar shades has many benefits. These can keep a room darker for better sleep and also block rays that could heat up your house or potentially fade the furniture in your Silicon Valley home. These shades can save on energy bills by keeping warm air in and reducing heat loss in the winter and keeping the house naturally cooler in the summer.

Go Green with Shades for Your Silicon Valley Home

If anyone in your Silicon Valley real estate suffers from allergies, choosing environmentally friendly fabrics that are made of fabrics that are mildew, mold, and stain resistant materials can actually help. Those hoping to choose green products for their windows can seek out shades and curtains that are free of toxic dyes and chemicals and made out of sustainable materials. One interesting option that is up and coming are honeycomb shades. This product offers fantastic insulation and noise reduction, plus light blocking capabilities. These shades come in many sizes and provide privacy to homeowners. Pair them with some great drapes and achieve the style you are looking for along with energy benefits and privacy for your home.


Posted in News
March 1, 2017

San Jose Home Owners Visit Martial Cottle Park

Buy fresh produce near your San Jose home.Martial Cottle Park is a true gem available to those who call San Jose home. Honoring the agricultural beginnings of this valley, this park will serve to grow fruit, vegetables, and flowers, to educate the community about agriculture, and as a beautiful place to get some fresh air. Jacobs Farm, a leader in organic farming will be working with the County Parks to farm this land. Martial Cottle Family Ranch was established in 1864 and passed down to descendants until 2014 when the property was signed over to the state and county. Those who called this land in San Jose home turned down large amounts of money from developers and deemed it important to let the public benefit from the history and bounty of the earth.

Get Produce Grown on San Jose Real Estate

Nearly half of the ranch, 180 acres, will be dedicated to the agricultural operation. A farm stand will be available on site to sell the fresh produce to the public. This truly is farm to fork. How exciting! Not only will there be fresh organic produce available, but the chance for young people to really understand where their food comes from. Martial Cottle Park will feature many seasonal celebrations throughout the year as well, including a Fall Harvest Festival, pumpkin patch and corn maze, and Christmas trees for sale. Group areas can be reserved as well and there is a trail system available for use. Bikers, joggers, walkers, and skaters are all invited to explore this San Jose real estate. Learn more and plan a visit to Martial Cottle Park


Posted in News
Feb. 27, 2017

Learn About Down Payment Assistance for First Time Silicon Valley Property Buyers

Get down payment assistance to buy Silicon Valley property.Silicon Valley property is notoriously expensive. However, a new study from the National Association of Realtors has found certain beliefs among first-time homebuyers that may put up unnecessary hurdles to homeownership. Of the interviewees who did not own homes, most estimated the necessary down payment at 15 to over 20% of the purchase price. This would be a nearly insurmountable problem for people hoping to buy Silicon Valley real estate. However, it’s not true. The NAR has found that in 2016, the average down payment was 11%. Of homebuyers younger than 35, the average down payment was 8%. In that age bracket, 16% of homebuyers did not have to put down any down payment at all.

Shop Silicon Valley Real Estate and Get Help with the Down Payment

Affordability continues to be an issue in the Silicon Valley property market. Mortgage rates are predicted to rise somewhat this year. However, the down payment doesn’t have to make things harder. In fact, the California Housing Finance Authority has several programs to help first time homebuyers with the down payment. Visit CalHFA to find out about their programs. Use the eligibility tool to find out if you qualify. 

Please call our office if you have questions about programs that can help you purchase your first home. We would be glad to go over the different programs with you and help you find the house of your dreams.


Posted in News