Need advice on Midtown Village Santa Clara by Summerhill Homes

Asked by Shweta Sethi, San Francisco County, CA Wed Feb 27, 2013

The Midtown Village Summerhill Homes in Santa Clara have a release coming up and have increade their price on an average by about 50K on most Avenue units taking them from mid 800's to 900 in some cases. Is that a fair increase considering the neighborhood or is it one of those bubbles. It seems like they have enough demand but considering there are so many homes, would you advise waiting to see whether there is any drop in prices in the future or should one pay the increased price if you really like the home? Don't want to be in a situation where the prices are very inflated and trend downwards in a years time.

Also, I have visited them and am pre-approved by them but didn't take a realtor since I just driving by and walked in without appt on first visit. Will they accept a realtor after the first visit. If yes, then can you pls advice on a good proactive realtor within the neighborhood. Need someone who can help find comps and other new construction in South Bay

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Ruth and Per…, Agent, Los Gatos, CA
Fri Mar 1, 2013
Unfortunately, once you have registered without a Realtor, they will not allow one.…

California over the long haul does very well.…

Good luck
Perry Mistry
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Michael Cheng, Agent, San Jose, CA
Wed Feb 27, 2013
Unfortunately, they won't accept a Realtor after the first visit if you've registered. As for the pricing, it's definitely in line for the area and the size of the homes they're building. There's nothing over-priced about them, especially since they're getting such overwhelming demand.

There's no way anybody can guarantee that home prices won't go down in any location. That's just not how the market works. We can only know that the trends we see are in place to continue driving prices up for several more years. If we get a depression, which nobody can predict, then prices may fall. But, even then, that doesn't mean there's a bubble here, since you could make the same argument about everything in a depression.
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