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Sam Shueh Realtor Blog

By Sam Shueh | Agent in San Jose, CA
  • 2015 home price prediction +2.9% for Bay Area by Zillow

     US World Report         Oct. 23, 2014

    The rate of home price appreciation decreased most in markets that had been considered the hottest during the housing recovery. For example, in San Francisco, home value growth slowed from 23.5 percent annually in the third quarter of 2013 to 8.2 percent over the past year. Zillow anticipates they’ll grow at 2.9 percent in 2015.

    http://www.usnews.com/news/articles/2014/10/23/zillow-home-price-growth-to-cool-to-3-percent-in-2015

                      Oct 11-Sept 12        Oct 12-Sep 13      Oct 13-Sep 14     Oct14-Sep 15

    Fremont           31.1%                 13.8%                          +9.9%

     

     

    Central SJ        7.1%                    16.24%                     +7.15%   

    South SJ           9.80%                  23.50%                   13.20%

    City of SJ         16.2%                    17.8%                        9.9%  

     

     

    MH                    18.30%                17.20%                   13.90%
    Gilroy               20.20%                17.20%                    +5.10%
    Hollister          16.50%                 32.50%                   16.50%


    Campbell       28.7%                  2.2%                      32.6%
     
    Santa Clara     5.6%                  26.7%                       5.8%
    Sunnyvale      15.4%                   8.9%                     18.8%
    Cupertino        39.1%                  -1%                        23%               

    Mt View          10.2%                  +4.7%                     25.5%          



    The above data is for SFH 1400-2000 sf, $/sf gla, not based on median prices
  • multiple offers are the predominant trend in South Bay

    It still has not slowed down the least bit.  Homes are selling like hot cakes. What difference does it make it takes 1 week or 10 days anyways?

    Just about every property that is good condition has several offers.  The seller wants a good offer and ability to close. Judging how crowded the freeways are past 8 PM the commuters are still trying to get home is an indication how many highly paid tech jobs are in Silicon Valley.  The economy is still strong which delays the home sellers decision to sell.

    Sam Shueh
    http://x299322.yourkwagent.com/
  • Bay Area home price stabilized after hot home sales started slowing down

    But the parts of the East Bay closest to San Francisco are still sizzling, said Cameron Platt of Platt Real Estate in Oakland. "We've seen it kind of start to slow down in terms of the volume of offers, but we've had multiple offers on just about every listing. There's still a hell of a lot of demand out there."

     

    A persistently low number of homes for sale in Silicon Valley has Chris Trapani of Sereno Group predicting another jump in prices early next year. "We'll have fewer properties for sale in January, and if the demand is equal, it's hard to argue that we won't see some more price appreciation," he said.

     

    While the home-buying season peaks at the end of June "just like clockwork," added Michael Simonsen, CEO of Altos Research, "we don't see bearish signs in demand" in Silicon Valley's future.

     

     

    http://www.mercurynews.com/News/ci_26514018/August-slowdown-hits-Bay-Area-housing-market-after-redho...

     

    Enjoy,

    Sam Shueh

    KellerWms Cupertino Realty

    http://x299322.yourkwagent.com/

  • August 2014 Slow Down hit Bay Area after a hot year

    Posted Under: Home Buying in Santa Clara County, Home Selling in Santa Clara County, Property Q&A in Santa Clara County  |  September 12, 2014 9:22 PM  |  133 views  |  No comments

    But the parts of the East Bay closest to San Francisco are still sizzling, said Cameron Platt of Platt Real Estate in Oakland. "We've seen it kind of start to slow down in terms of the volume of offers, but we've had multiple offers on just about every listing. There's still a hell of a lot of demand out there."

     

    A persistently low number of homes for sale in Silicon Valley has Chris Trapani of Sereno Group predicting another jump in prices early next year. "We'll have fewer properties for sale in January, and if the demand is equal, it's hard to argue that we won't see some more price appreciation," he said.

     

    While the home-buying season peaks at the end of June "just like clockwork," added Michael Simonsen, CEO of Altos Research, "we don't see bearish signs in demand" in Silicon Valley's future.

     

     

    http://www.mercurynews.com/News/ci_26514018/August-slowdown-hits-Bay-Area-housing-market-after-redho...

     

    Enjoy,

    Sam Shueh

    KellerWms Cupertino Realty

    http://x299322.yourkwagent.com/

  • Home Price Plateaued in SF Bay Area

    SJ Hg News (Carey) data* is based on sales through July.  While the momentum can be "seasonal chilling", in central SJ it is still a challenge to purchase homes at listed or based on recent sold prices.  Those unable to pay arm and a leg in top school neighborhoods are flocking to adjacent neighborhoods causing a chaos in second tier schools neighborhoods.

    The following data seem to suggest listing price is the key factor.  When they do sell it is close to full price.
    As of 8/17/14

    CU good school neighborhood:    8% homes experience list price reduction
    Central SJ (Lawrence to Almaden Xpr)   16%
    South SJ                                             28%
    East    SJ                                            26%
    Morgan Hill                                          44%
    Gilroy                                                  48%
    San Jose City                                      26%
    Santa Clara County                              27%

    Milpitas                                               13%
    Fremont                                              13%    
    Alameda County                                  15%

    San Mateo County                               23%

    Sellers are trying to cash out their long awaited equity, buyers are willing to shop around and are not bullish on future price increase. There are new constructions going on everywhere in Bay Area to compete with used home market. Homes which are priced incorrectly agents will be doing open house for months....
  • SJ Hg news says housing craze has stabilized....

    http://www.mercurynews.com/News/ci_26336354/Bay-Area-home-prices-plateau-on-slowing-sales/


    Sam Shueh
    Keller Wms Realty

    http://x299322.yourkwagent.com/    <search for properties>
  • Where can you clear 100K a year doing virtually nothing after an investment

    http://www.marketwatch.com/story/where-you-can-clear-100000-a-year-on-a-rental-property-2014-08-15


    Enjoy,
    Sam Shueh
    KW realty
    http://x299322.yourkwagent.com/   <search for properties>
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