Silicon Valley & Santa Clara County Real Estate News

June 6, 2016

Silicon Valley Real Estate News: Fed Expected to Raise Interest Rates

Read Silicon Valley real estate news.After a rocky winter, it looks like the economy is once again on track for growth. Experts predict that the Fed will probably be raising the benchmark rate in either June or July. This is a development of interest for those looking at the Silicon Valley real estate market. Mortgage rates will almost certainly see small increases as well. It’s tricky to predict what a small rate increase will do to Silicon Valley home selling. The market has enough demand that it might not have a noticeable effect, but it could slow the market down a bit, as people have more challenges getting a mortgage at a good rate. This might be good news for buyers if it does indeed decrease competition a bit.

Rising Rates Have Uncertain Effect on Silicon Valley Home Sales

All real estate is local, of course, and Silicon Valley real estate is in an area of great economic growth. In the rest of the country, consumer confidence seems to be increasing, after a tough first quarter. In April, retail spending increased at the highest rate in about a year. The Federal Reserve Bank of New York is predicting that growth in the second quarter will be about 2.9 percent, which also represents the most significant economic gain in a year.

Please contact our office for more information about how a predicted rate hike will affect your plans for buying or selling.

 

Posted in News
June 1, 2016

Discover Early Saratoga Home History

Learn history near your Saratoga home.Learn more about the history of the area around your Saratoga home by visiting the Saratoga Historical Park. Visit the two heritage structures that house the museum two blocks east of the Saratoga Crossroads. The hours are Friday, Saturday, and Sunday from 1 to 4 p.m. The museum can also be open at other times by request for research or field trips. Learn about the people who first called Saratoga home and the pioneers who settled in the Santa Cruz Mountains and Sanborn Park. It is fun to imagine what the land looked like before the cities were carved out. Also learn about how this area has changed and emerged over time, becoming a hub for the tech industry.

Visit Historic Saratoga Real Estate at the Historical Park

Many special events happen at the museum, including dinners, fundraisers, speakers, and activities for kids. Information is also available for self-guided or docent led walking and biking tours to see historical sites around the city. Get some ideas for the outdoor areas of your Saratoga real estate by going on the garden tour. This facility offers many other great perks to the citizens of Saratoga. Schools or organizations needing a speaker on local history can contact the museum to set one up. Community service hours are available for teens here, the gift shop offers great books and other gift items, and plans are in the works for a new interactive blacksmith exhibit. Learn more about all that the Saratoga Historical Park has to offer and plan a visit. 

 

Posted in News
May 25, 2016

See Shakespeare on San Jose Real Estate

See Shakespeare on San Jose real estate.San Jose real estate owners who love Shakespeare should check out Silicon Valley Shakespeare. This company is dedicated to bringing Shakespeare to life and giving the bard’s plays a little update. The latest show is Love’s Labor Lost, and it has been reimagined with a mash-up of 90s music. The play will be performed at Willow Street Park, located near San Jose homes. The performances are free, so pack a picnic and bring a low-backed chair and a blanket to sit comfortably. Love’s Labor Lost will open on June 10th and run until the 26th.

Children from San Jose Homes Go to Theatre Camp

Kids can get into Shakespeare this summer at a two-week theater camp which runs from June 20th to July 1st. From 9 a.m. to 2 p.m., campers will get hands-on with all aspects of live drama. They’ll learn improvisation techniques, stage management, and technical details. Along the way, kids will also develop leadership and teamwork skills, as well as self-confidence. The camp culminates with an abridged production of Hamlet.

Help support Silicon Valley Shakespeare by becoming a member. Memberships are tax-deductible and come with many benefits. Visit the website to learn about membership levels, see the schedule of upcoming plays, and register for camp.

 

Posted in News
May 23, 2016

5 Ways to Spruce Up the Exterior of Your Silicon Valley Home

Improve the exterior of a Silicon Valley home.Homeowners considering putting a Silicon Valley home on the market know that some work on the interior will be necessary. At the very least, deep cleaning and repainting should be done. Don’t forget the exterior either. Many people in the Silicon Valley real estate market want to take advantage of the area’s lovely weather and spend time outdoors as much as possible. Families with children will especially value a nice backyard where kids can play safely. Here are our top five suggestions to improve the exterior of your Silicon Valley home.

1. Attractive, low maintenance landscaping, with bonus points for drought-resistance. Drought-friendly landscaping has come a long way in the past few years, and there are so many choices. Succulents, native grasses, and California wildflowers can combine to create an outdoor retreat that doesn’t require too much work or water.

2. Built-in seating. A new patio set can make the outdoors look inviting, but permanent seating will add value to a buyer.

Add Value to Silicon Valley Real Estate With Outdoor Upgrades

3. Shade protection. Patio coverings, whether traditional wooden ones or newer shades, will make an outdoor space comfortable even when the weather is a bit hot.

4. Outdoor kitchen. You can go all-out with an oven, stove, sink, and fridge or keep it simple with a barbecue or firepit. This will also increase the value and usability of the backyard.

5. Nice lighting and privacy. Light up the exterior of your home with fixtures designed to withstand the elements. This will help extend summer parties and also adds a level of security. Shades or strategically placed walls help give a feeling of security and privacy, too, and also make the outdoor space more clearly an extension of the house.

 

Posted in News
May 18, 2016

Visit the Harris-Lass House, a Historic Santa Clara Property

Visit historic Santa Clara property museum.Explore the Santa Clara property that served as the last farm site in the city. The Harris-Lass House Museum is named after the two families that owned and lived on this Santa Clara property for 125 years. View the house, beautifully manicured gardens, the classic California barn, tank house, summer kitchen, and Heritage Garden. Originally built in 1865, very balanced and symmetrical in the Italianate style, the house was remodeled in the 1890’s. This changed the symmetry and the original design. Today, guests can walk through an entirely furnished house, with many of the pieces coming directly from the Lass family.

People Who Live in Santa Clara Hold Events at the House Museum

The house was extensively restored after the City of Santa Clara purchased it in 1987. Now operated by the Historic Preservation Society of Santa Clara, the house is open to the public and staffed by volunteers. Admission prices are just $3 for adults, $2 for seniors, and $1 for children ages 6-12. Call ahead or check the website for open times, as tours are only available on select dates at select times on weekends. Weekday group tours can often be accommodated if organizers call ahead to the message line at 408-249-7905. Those interested in rental information can use the same number to speak with someone about arranging your event. All who live in Santa Clara are invited to visit the Harris-Lass House Museum to learn more, view tour dates, and find directions.

 

Posted in News
May 16, 2016

Mortgage Rates for Silicon Valley Property Falls to Lowest Point in 3 Years

Read about Silicon Valley property mortgage rates.Home-buying season is in full swing now, and Silicon Valley property remains as desirable as ever. While high demand is also keeping prices high, there is good news for people shopping for Silicon Valley real estate. Mortgage rates have hit their lowest point in three years. As of May 10th, the national average mortgage rate was 3.6 percent for conforming mortgages. This is a drop of two basis points from the week before and offers buyers significantly more buying power than at the end of 2015. Economists expect that mortgage rates will remain under four percent throughout the summer and into early fall. The best predictions are that rates will finish up at about 4.21 percent at the end of the year.

Credit Markets Tight for Silicon Valley Real Estate

While this is good news, anyone searching for Silicon Valley property has to remain on top of mortgage rates, as they are expected to fluctuate, and even small differences in interest rates can add up over the life of the loan. Working with an experienced real estate agent or broker is a must so that real estate buyers will get the best rate. The other possible downside to low mortgage rates is that banks will require consumers to have higher credit scores. Feel free to contact our office if you need help navigating the tight Silicon Valley market.

 

Posted in News
May 11, 2016

Adventure Awaits Kids at Camp on Saratoga Real Estate

Kids go to camp on Saratoga real estate.Summer vacation is just around the corner, and kids living on Saratoga real estate will have lots of options for fun summer camps. There’s no reason for kids to be bored in Saratoga homes when they can come to camp and have adventures with friends. Camps include crafts, swimming, outings, and games. Sign up for sports camp for friendly competition and honing skills. Art and nature camp provides opportunities to explore the ecosystems native to Saratoga real estate and to create art based on those experiences. Budding engineers can sign up for one of the Lego camps, which have Star Wars and Minecraft themes. Young actors will hone their skills at the Pacific Youth Theater camps. Each week, kids rehearse and act in a different play, as well as design sets and costumes. Snack is provided at camp, and campers should also bring a sack lunch and water bottle.

Have Fun and Learn New Skills Near Saratoga Homes

Older kids who would like to get experience working with children can sign up for the Leadership in Training or Advanced Leadership Team programs. Both help teens ages 13 to 16 develop skills in leadership, with a focus on early elementary children. Participants also get CPR certification and can get volunteer hours at the in-house summer camps.

Learn more about all the day camp options by downloading the summer recreation guide.

Posted in News
May 9, 2016

Silicon Valley Real Estate Market Continues to Expand

Silicon Valley real estate market continues to grow.Pending home sales are an indicator of the strength of the housing market, and the numbers for March have been released recently. The spring market usually starts to pick up in March, and this year was no exception. Nationally, the index rose 1.4 percent from February and rose the same amount from March 2015. This is the 19th consecutive month of increase in the pending home sales index. The Silicon Valley real estate market also saw an increase, though it was well above the national average. While much of the Bay Area saw a contraction of 3.7 percent, Silicon Valley homes pending sales rose 11.6 percent in comparison to last year. In comparison, the average for all of California was a rise of 12.7 percent.

Pending Sales of Silicon Valley Homes on the Rise

Silicon Valley real estate prices also rose significantly. The median sales price in March 2016 was just over a million dollars, which was an increase from February’s $942,500. The median sales price also increased in comparison to March 2015 by 14.3 percent, from $932,100. These increases are helped along by several factors, including a strong jobs market and lower mortgage rates.

Please get in touch with our office if you are planning to sell or purchase a home in the near future. We would be happy to answer questions about how these market conditions will affect your plans.

 

Posted in News
May 4, 2016

Experience Great Art near San Jose Homes at MACLA

See Latino art near San Jose homes.People living in San Jose homes are fortunate to have a great cultural resource so close to them. MACLA (Movimiento de Arte y Cultura Latino Americana) is dedicated to bringing contemporary Latino art to the greater community and fostering connection and building cross-cultural understanding. The gallery, located on downtown San Jose real estate, has a rotating schedule of work. Right now, there is a selection of the work of the most cutting-edge artists as part of the 18th annual Latino Arts Now! Exhibit and Auction. The auction will be held Saturday, May 14th at 6 p.m. There will be great food and beverages, as well as live entertainment, and of course, bidding on the art.

Downtown San Jose Real Estate Celebrates the Arts on First Fridays

MACLA also participates in South First Fridays, when downtown San Jose stays open late, and everyone from San Jose homes comes out to enjoy the galleries and museums, as well as independent art venues. This coming Friday, May 6th, one of the featured performers will be Tarimba, a Bay Area collective of musicians playing in the Son Jarocho tradition.

Visit the MACLA gallery Wednesday and Thursday from noon to 7 p.m. and Friday through Sunday from noon to 5 p.m. Appointments can be made for other times. Admission is free.

 

Posted in News
May 2, 2016

Live in Santa Clara and Get Great Ice Cream at Mission City Creamery

Live in Santa Clara and eat ice cream.Parents and children who live in Santa Clara have been treating themselves to trips to the ice cream parlor for generations. The Mission City Creamery is dedicated to bringing that tradition back in style and with high quality handcrafted products of old. Owner and ice cream aficionado, Chris Leahy has dedicated his time to producing simply delicious frozen treats created from organic and locally sourced ingredients. Flavors range from classic to contemporary mixes. Of course chocolate and vanilla have stood the test of time. Newer blends to try include cucumber sorbet, coffee with heath, pistachio pineapple, lavender honey and red raspberry chip. Combine peanut butter chocolate with a freshly baked cookie for a scrumptious cookie sandwich. The banana splits are generously scooped and meant to be shared. Root beer floats, shakes and sundaes round out the dessert menu at the creamery. Those who are hungry for heartier fare will be happy with the newly added customized hot sandwich menu, providing delicious sandwiches for those who live in Santa Clara.

Enjoy Homemade Ice Cream on Santa Clara Property

Anytime is a great time for ice cream so stop in and indulge with a scoop or two. A cool indulgence will surely hit the spot for kids coming off of the fields from practice or in celebration of a school accomplishment. Why not bring back a quart or pint of chocolate brownie or chai tea back to your Santa Clara property to enjoy later. A complete listing of ice cream flavors can be viewed at Mission City Creamery. Remember to stop in to pick up a special occasion cake available in a variety of sizes and flavor combinations. These delightful treats will surely surprise and satisfy.

 

Posted in News