General Area in San Jose>Question Details

Trulia San J…, Home Buyer in San Jose, CA

Are there some neighborhoods in San Jose that are seeing more redevelopment than others? New construction homes, community revitalization, etc.?

Asked by Trulia San Jose, San Jose, CA Thu Nov 29, 2012

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Streets around the Story & Capitol Expwy area are nicely improved. Investors were buying and flipping homes around the Reid Hillview airport. Homes in the Alum Rock near King area before the hills are selling fast when sellers are being reasonable. New construction is in West San Jose around Hamilton and San Tomas and Stevens Creek and Winchester. I'm just waiting to see the traffic in the area once the units are sold. The overpass and freeway exchanges at Stevens Creek & 880 are being redone.

David Sciplin
Coldwell Banker Residential Brokerage
david.sciplin@cbnorcal.com
Web Reference: http://www.davidsciplin.com
0 votes Thank Flag Link Thu Nov 29, 2012
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0 votes Thank Flag Link Sun Feb 16, 2014
I have a web page showing the increased price per square foot for new San Jose homes at
http://julianalee.com/san-jose/new-san-jose-homes.htm

This page gives the street name for the homes making up the data. It also has links to the new home developments in San Jose.

Thanks for the question. It reminds me again that plotting the information on a google map would be useful.

Juliana Lee, MBA LLB
Cell: 650-857-1000
Top 3 agent nationwide at Keller Williams Realty

Over 20 years experience
Over 1000 home sales completed in Santa Clara and San Mateo counties
-
Web Reference: http://julianalee.com
0 votes Thank Flag Link Mon Dec 10, 2012
David Sciplin gave you an excellent answer.

I will add that a number of the older homes in Cupertino, Saratoga, Monte Sereno and Los Gatos have been purchased by Contrators and investors to be extensively remodeled or torn down to be replaced, each, with a new Custom Home, or extensively remodeled and expanded home.

These communities have become very desirable to the market, however back in the agricultural days of this valley many of the older homes were very modest, poorly constructed, are functionally obsolete, and have reached the end of their useful lives.

Yet the location is excellent and the land is where the value is with these properties. The individual older homes are often replaced with a new custom home, and resold at a profit by the Contractor or Investor.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
.
0 votes Thank Flag Link Thu Nov 29, 2012
Good question... While some areas have more open space to develop, most areas are tapped out except for smaller subdivisions and condo complexes. We are expecting some development in Old IBM land, open lots by Milpitas Blvd, Moffit and will likely see more development acceleration now that market has turned significantly this year. As a broker for 24 years, I see land all over and notice that Mountain View by Moffit, north Santa Clara, North Sunnyvale, East/North Milpitas, North Valley, and Morgan Hill have more available land to develop. Curious what prompts your interest?
0 votes Thank Flag Link Thu Nov 29, 2012
Hi,
The Housing Trust's Purchase Assistance Loan (PAL) has a website at http://www.housingtrustscc.org which shows some areas at risk. The program gives a deferred second loan of up to $50K. If you're interested in neighborhoods that are in need of redevelopment this website might help you. Let me know if I can be of further help.
Best Regards, Joyce
(408) 981-933
Joyce@ISellCaRealEstate.com
0 votes Thank Flag Link Thu Nov 29, 2012
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