Historically, Real Estate Has Been a Solid, Long Term Investment. Looking at the last 40 years of real estate in California, we have seen very few times in which real estate values have dropped. In fact, according to the California Association of Realtors, since 1970 the real estate market in California has only dropped seven times, six times under 3.7% and only once at 4.5%. On the contrary, our market has seen remarkable growth. In 1970, the median cost of a singlefamily home in California was $26,000. Today, 37 years later, homes have seen a 2,165% increase, now selling for $588,970.

Historically, Santa Clara County Has Enjoyed Even Stronger Success. According to the California Association of Realtors, in 1989 the median price of a single-family home in Santa Clara County was $246,847. Today, just 18 years later, that same single family home is selling for $860,000 - a 248% increase. Certainly in recent months we have seen a shift from a seller’s market to a buyer’s market but that switch was necessary to continue a healthy flow of exchange amongst buyers and sellers. The bottom line is that our economy couldn’t maintain the double digit increases we saw in home prices in 2003 and 2004 without seeing a shift. If we continued to see an upstream of that magnitude we would nearly eliminate the first-time home buyers which could potentially drastically hinder our economy. Shifts in our market are what keep our economy running smoothly.Housing Crisis or Opportunity? Only history will show.

Is Now the Time to Buy? Now may be the time to buy: mortgage rates remain low (certainly by historical standards), prices have stabilized and there is a large selection of homes to choose from. Certainly it makes a more exciting news story for journalists to dwell on the negative, but for smart consumers it is definitely more economically advantageous to seize opportunities as they present themselves. And this market may offer some tremendous opportunities. While no one can predict the future, if history is any indication, then real estate over the long run will continue to be a solid investment. And that’s good news for everyone - buyers, sellers and the real estate industry. If you are ready to make an informed and educated decision about real estate, please contact me today. I would be happy to help you.

http://www.realtoramir.com/

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The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Popularity: 34% [?]

Downtown San Jose home inventory has been increasing sharply in the last couple of months. A million dollar single family home in downtown San Jose would be worth approximately more that $ 1,500,000 in Cupertino real estate market.

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>Click here for a larger view.<

http://www.realtoramir.com/

For instant MLS search click here. 

For an automated MLS search click here. 

The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Popularity: 59% [?]

Santa Teresa inventory of homes keeps increasing and the number of sales have been slowly going down.

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Homes prices in Santa Teresa have been heading down. 

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http://www.realtoramir.com/

For instant MLS search click here. 

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The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Popularity: 55% [?]

http://www.realtoramir.com/

For instant MLS search click here. 

For an automated MLS search click here. 

The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Popularity: 37% [?]

898 E. Estates Drive is a Great fixer upper in Cupertino.

The following are the comparables sold on East Estates Drive.

Street Address List Price Beds Baths Bldg SqFt Lot Size List Date COE Date

898 E ESTATES DR $775,000 3 2 1080 7405 9/19/2007
10784 W ESTATES DR $1,125,000 4 2 1640 6534 9/10/2007
10170 E ESTATES DR $998,888 3 2 2000 7405 8/10/2007

Street Address Sale Price Beds Baths Bldg SqFt Lot Size List Date COE Date

10650 E ESTATES DR $1,200,000 3 2 1520 6969 8/18/2007
892 E ESTATES DR $810,000 3 2 1248 7405 7/28/2006
858 E ESTATES DR $950,000 3 2 1765 5/18/2006
10809 W ESTATES DR $785,000 3 2 1176 4/28/2006
10170 E ESTATES DR $860,000 3 2 2000 7405 12/19/2005
874 E ESTATES DR $928,000 4 2 1808 7150 5/18/2005
854 E ESTATES DR $705,000 3 2 1250 6000 12/23/2004
10620 E ESTATES DR $756,480 3 2 1509 6969 10/15/2004
10276 E ESTATES DR $740,000 3 2 1374 7405 10/18/2004
891 E ESTATES DR $675,000 3 2 1080 6534 9/24/2004
10753 W ESTATES DR $750,000 4 2 1272 6/30/2004
10842 E ESTATES DR $710,000 4 2 1272 8250 5/27/2004
10450 E ESTATES DR $615,000 3 2 1392 7462 8/27/2003
10864 E ESTATES DR $570,000 3 2 1176 6431 7/18/2003
10761 W ESTATES DR $715,000 3 2 1742 6254 5/15/2003
10581 E ESTATES DR $675,000 3 2 1627 6840 9/4/2002
10276 E ESTATES DR $680,000 3 2 1643 7420 4/17/2002
10876 E ESTATES DR $675,000 3 2 1545 4/26/2002
10114 E ESTATES DR $616,000 3 2 1512 9147 8/31/2001
866 E ESTATES DR $500,000 3 2 1179 8/9/2001
10401 E ESTATES DR $523,800 4 2 1744 6930 12/21/2001
10265 E ESTATES DR $780,000 3 2 1916 7420 8/1/2001
10128 E ESTATES DR $600,000 3 2 1392 7420 7/27/2001
10810 E ESTATES DR $675,000 3 2 1649 6195 6/21/2001
10400 E ESTATES DR $610,000 3 2 1374 7875 5/30/2001
10785 W ESTATES DR $645,000 3 2 1516 6254 6/6/2001
10312 E ESTATES DR $768,000 3 2 1512 7420 3/29/2001
10792 W ESTATES DR $620,000 3 2 1176 6254 10/3/2000
891 E ESTATES DR $567,000 3 2 1080 6700 8/8/2000
10498 E ESTATES DR $890,000 3 3 2113 7339 5/19/2000
10824 W ESTATES DR $460,000 4 2 1272 7/15/1999
892 E ESTATES DR $435,000 3 2 1248 7488 3/8/1999
10761 W ESTATES DR $449,000 3 2 1742 9/18/1998
902 E ESTATES DR $394,000 3 2 1248 7405 8/28/1998
866 E ESTATES DR $387,500 3 2 1179 10/28/1998
862 E ESTATES DR $469,000 3 2 1350 6000 7/4/1998
880 E ESTATES DR $450,000 4 3 1700 7405 5/29/1998
891 E ESTATES DR $410,000 3 2 1080 6534 2/18/1998

http://www.realtoramir.com/

For instant MLS search click here. 

For an automated MLS search click here. 

The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Popularity: 20% [?]

The first graph shows the number of new, the current inventory and the closed sales of single family homes.

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The second graph shows the average and the median sales price. On the second scale it shows the average and the continuous average days on the market.

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http://www.realtoramir.com/

For instant MLS search click here. 

For an automated MLS search click here. 

The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Popularity: 54% [?]