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San Jose, CA Real Estate News

By Sam Shueh, mba, cdpe, reopro, pe
( (408) 425-1601)
                                                           Sam Shueh                                                          BRG Realty                                                        San Jose, CA  95124                                               (408) 425-1601      Sshueh@gmail.comFather dear, the years of timeAre racingBeing blown alongBy the sands of timeYour face appearsIn my dreams of yesteryearAs a boy, as a boySo young, so full of fearYour voice I hearMy eyes still seeThe wisdom carried by your handsYour voice did singHow great thou artHow great thou artFather dearI loved you soI loved you so      Allan James Saywell
Comments 11
By inboundREM Market Updates
(InboundREM)
Half Moon Bay, California, holds a gem within its coastal boundaries — Spanish Town. This quaint downtown area, steeped in history and culture, offers an inviting atmosphere for those seeking a slice of coastal paradise. In this comprehensive guide, we'll delve into the allure of Spanish Town, from its vibrant art scene to its bustling dining and shopping districts. Whether you're considering purchasing a home in Spanish Town or simply exploring the area, join us as we uncover the hidden treasures of this charming community.Read on to discover more about Spanish Town Homes for Sale!A Slice of Coastal ParadiseSpanish Town, also known as Spanishtown, boasts a rich history dating back to its origins as a Spanish settlement. Today, it stands as a testament to the area's cultural heritage, w...
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By inboundREM Market Updates
(InboundREM)
San Jose Municipal Golf Course: A Historical GemNestled amidst the bustling cityscape of San Jose, California, lies a serene oasis that beckons both seasoned golfers and newcomers—the San Jose Municipal Golf Course. Renowned for its picturesque setting, rich history, and challenging layout, this beloved course has been a cornerstone of the local golfing community for decades. A Classic HeritageEstablished in 1968, the San Jose Municipal Golf Course holds a special place in the hearts of residents and visitors alike. Originally designed by Clark Glasson, a prominent golf course architect of the time, the course has since undergone renovations and improvements, all while maintaining its classic charm.One of the most fascinating aspects of the course is its deep connection to the city's hi...
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By Wendi-Mae Davis, CREN, CRS, GRI, SRES, Broker Associate, Counselor
(Future Homes & Real Estate)
HERE IS YOUR CHANCE!  A LITTLE TLC & YOU HAVE A GEM!!Prime opportunity to own in Kay Park! Loads of natural light~throughout this open-flowing floorplan. Newer interior paint-custom two-toned colors-Nicely updated kitchen & baths. Stainless appliances...to include a brand new Dishwasher. Recessed lighting in most rooms. 6-panel doors throughout. Double door entry to Bedroom #1-Makes it perfect for a home office or studio. Low Maintenance front and rear yard spaces. Newer Artificial Grass in front-and all new fencing back and front. New main electric panel when solar was installed. Also newer cement rear patio. HVAC system replaced 2021. Walking Distance to parks, schools, shopping and popular eateries. Needs some TLC but worth it-SO come on by and make it your own!Don't let this one sli...
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                                                   Sam Shueh                                                    BRG Realty                                                    San Jose, CALINK of the entire article from Apple News.After a $1.8 billion verdict, the clock is ticking on the 6% real estate commissionReal estate commissions are not going away following the $1.8 billion verdict on Tuesday in a federal jury trial brought by homesellers that found the National Association of Realtors and two brokerage firms conspired to keep commissions artificially high.The verdict handed down in a Missouri court on Tuesday that found NAR and two brokerage firms, Homeservices of America and Keller Williams Realty, were liable for $1.8 billion in damages for conspiring to keep commissions artific...
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By Sam Shueh, mba, cdpe, reopro, pe
( (408) 425-1601)
                                                                   Sam Shueh                                                                    BRG Realty                                                                 San Jose, CA 95124                                               SamShuehRealtor@gmail.com   (408) 425-1601                                              September 2023 relative to August 2023                                               Note: DOM: Active/ Sold (days) Alameda County, CA             List $                             Sold $                          DOM       Active # Single Family $985,729 +2.1% $1,121,812 +0.9% 38 / 18   579   Luxury Sing Family $2,749,578 -5.5% $2,240,467 -0.3% 49 / 14   192   Condo/Town $593,298 -2.1% $629,286 +0.8% 49 / 26   298   Lux ...
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By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
Kathleen Daniels is a California Real Estate Broker, and a CPRES or Certified Probate Real Estate Specialist. She specializes in probate real estate and works exclusively with probate and trust estate representatives listing homes for sale. What is a CPRES? A CPRES Designation is a Certified Probate Real Estate Specialist.There is so much more to learn about probate real estate beyond receiving the CPRES designation. Why Hire Kathleen Daniels, CPRES?With probate real estate, one size does not fit all. Real estate agents with a CPRES designation, and even those without the designation, are not created equal in terms of depth of knowledge, training, education, and development. Kathleen’s background includes working with top Silicon Valley law firms as a Probate and Estate Planning Paraleg...
Comments 14
By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
The sale of probate real estate under IAEA is part of the probate process. Probate is the legal process to administer a deceased person's estate.  The legal process is managed by the probate court in the county where the deceased person resides. Among other things, the process involves:  Determining if there is a will and if it is valid The heirs and/or beneficiaries Value of the estate Managing the financial responsibilities of the decedent Distributing or transferring assets to heirs and/or beneficiaries What is IAEA?The California Probate Code governs the Independent Administration of Estates Act also referred to as IAEA.The laws allow an administrator or executor to manage most aspects of an estate without court supervision. When does the authority to act under the IAEA get granted?...
Comments 22
By Sam Shueh, mba, cdpe, reopro, pe
( (408) 425-1601)
                                                                Sam Shueh                                                                 BRG Realty                                                           San Jose, CA  95124                                                    (408) 425-1601   Sshueh@gmail.comPeople who obtained their mortage at historically low rate who want to move or relocate have second thoughts.  They can not afford a steep mortgage payments. They will stay. This causes a 25% inventory resulting in a sellers market scenario again.  With what is on the market people start a bidding war.Want a million dollar home, sorry it is more like 2 millions now.   Housing Inventory Snapshot July 31, 2023   Average List Price 30 Day Trend Average Sold Price 30 Day Trend Average ...
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By Sam Shueh, mba, cdpe, reopro, pe
( (408) 425-1601)
 Above is an older map dipicting South San Francisco Bay in 1939. Most of Silicon Valley is built west or Northwest of the map over Valley of the Delight.Inspite of interest rate hikes, and headcount adjustments we happen to have one of the best years in housing. Sam Shueh (408) 425-1601  SamShuehRealtor@Gmail.com  Housing Inventory Snapshot March 31, 2023 County AvgList Price 30 Day Trend Avg Sold Price 30 Day Trend Avg DOM: active/sold 30 Day Trend No Active Listings 30 Day Trend Alameda County, CA Single Family $979,856 +0.37% $1,067,280 +1.08% 44 / 25 -3 / -1 367 5 Luxury Single Family $2,862,866 -7.37% $2,242,903 -3.26% 51 / 24 -20 / -9 122 5 Condo/TWN $616,776 +1.21% $677,159 +11.04% 53 / 33 0 / -1 170 -3 Luxury Condo/TWN $1,165,631 +1.31% $1,113,498 +8.94% 33 / 40 -21 / -31 55 1 ...
Comments 8
By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
I received a call from a local commercial real estate agent interested in a duplex I had listed. He explained that he does not have Supra key access and would be representing himself on the purchase.  We agreed to meet at the property, and I would provide access. We spent 2 hours at the property.  I answered all of his questions. He was drooling. He wanted the property. He lives less than 2 miles away.He had preapproval yet it was not nearly enough to make the purchase.  He asked if I had other lenders I could recommend.  Why yes, I do.  He actually worked with two lenders I recommended.No matter how he tried to slice and dice it, he just could not understand the commission he had not yet earned on his commercial real estate business and the commission from the purchase of the duplex, c...
Comments 31
By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
For my first entry, I am choosing directly from the list of suggestions in Patricia’s Challenge Post.  Buyer's Agent presents an offer and does not fill in all the blanks.Before I dive into this, I need to say that this has happened 100% of the time with all offers received on my listings.  Dare I say, this is a huge peeve of mine.Describe the scenario. In this situation, I am the listing agent. During this time the market was still a relatively hot seller market with multiple offers over the list price. This particular property was in a “highly desirable area” with buyers competing for homes.  Who is involved?  Listing Broker (Kathleen Daniels), Out of State Seller (name intentionally omitted), and a parade of people masquerading as professionals in the real estate business. What happe...
Comments 16
By Sam Shueh, mba, cdpe, reopro, pe
( (408) 425-1601)
                                                            Sam Shueh                                                            BRG Realty                                                             San Jose, CA  95124                                                          *408-425-1601   February 25, 2023   Average List Price 30 Day Trend Average Sold Price 30 Day Trend Average DOM: active/sold 30 Day Trend Number of Active Listings 30 Day Trend Alameda County Single Family $976,250 +5.8% $1,055,897 +6.4% 47 / 26 -8 / -14 362 -36 Luxury Single Family $3,090,795 +10.9% $2,318,383 +8.9% 70 / 32 4 / 2 117 -16 Condo/Thome   -2.6% $609,856 -1.13% 53 / 34 -5 / -17 173 -5 Luxury Condo/Townh $1,150,583 -4.5% $1,022,109 -13.6% 53 / 72 -13 / 21 54 -2 Contra Costa County, CA Single Family $838...
Comments 6
By Sam Shueh, mba, cdpe, reopro, pe
( (408) 425-1601)
                                                             Sam Shueh                                                             BRG Realty                                                           San Jose, CA 95124                                        SamShuehRealtor at Gmail.com  (408) 425-1601We have seen a sharp increase in mortgage interest rates last few months. We have also experienced minute reduction in working force in Silicon Valley. What is not clear is the housing industry is still very active. What we do not see is homes still quickly sold over 25% as a few months ago. Rather most homes sellers still have more buyers than they know what to do. Unless homes are grossly overpriced offers come in without viewing.    As Feds appear to stall interest rate increase, people ...
Comments 7
By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
January 2023 begins my 21st year in real estate.  Although I already had a broker license, in January 2012, I ventured out on my own as an independent real estate broker.There were many reasons I decided to become an independent real estate broker. Among them was the expectation that as an affiliate broker with a Big Box Brokerage, I was expected to do things that my moral and ethical compass would not do. Being an independent real estate broker is not for everyone. I get that. Neither is owning a brokerage and managing agents.  I get that too because it is not something I have ever wanted to do.The real estate marketing that has worked for me may not work for others.  Real estate agents are not one size fits all. Our personalities and styles are different. Adhering to real estate laws,...
Comments 25
By Rob Spinosa, Mortgage Loan Originator, Marin County
(US Bank)
How to Rock the 2023 Conforming Loan Limits!!!  I ain't foolin'! Even though there's been a whole lotta interest rate hikes in 2022.  And even though there's been a whole lotta rumbling about home values declining in some areas, the FHFA will again be increasing the conforming loan limits into 2023. This means that where the one-unit conforming limit was $647,200 in 2022, it will become $726,200 in 2023. And in high-cost (aka high balance) metropolitan statistical areas like much of CA, NY and other housing-expensive counties, you may see the conforming limit go from $970,800 all the way up to $1,089,300. Note that FHA and VA loan limits fall outside of this change, so if you need to know the specific loan maximums for any program, in any area, just get in touch!  Been a long time!  Rob...
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By Sam Shueh, mba, cdpe, reopro, pe
( (408) 425-1601)
                                                             Sam Shueh                                                          BRG Realty                                                Silicon Valley Businesses Ctr                                                          San Jose, CA  95124                    (408) 425-1601   SamShuehRealtor at Gmail.comThis is the stat summary from third quarter of 2022. The mortgage interest rise is the main reason for longer market time (more red than almost all green for last many qtrs). Sam Shueh Realtor I've called San Francisco South Bay home for over many years. We love this area and all it has to offer, and I enjoy sharing what I know about homes.  I documented in several books about Silicon Valley history. I have much expertise in real estate...
Comments 8
By Sam Shueh, mba, cdpe, reopro, pe
( (408) 425-1601)
                                                         SAM SHUEH                                                         BRG REALTY                                                       SAN JOSE, CA  95124                              (408) 4250-1601   SSHUEH AT GMAIL.COMA taco is a traditional Mexican dish consisting of a corn or wheat tortilla folded or rolled around a filling. A taco can be made with a variety of fillings, including beef, pork, chicken, seafood, vegetables, and cheese, allowing great versatility and variety. In 1964 Roberto L. Gomez, the head of the San Antonio Social Civic Organization sent President Lyndon B. Johnson a 55-pound taco as a way to remind politicians in Washington about the political power of Hispanic Americans.That PR stunt helped launch the Nationa...
Comments 5
By Sam Shueh, mba, cdpe, reopro, pe
( (408) 425-1601)
                                     Is the hot spell in California an annual ritual ?                                                 Sam Shueh                                                BRG Realty, Silicon Valley We used to have one of those west desert weather events once every ten years.  For what was worth quickly the hot days passed us.  Perhaps we experienced high nineties a few days with mostly spring like weather. With global warming the weather is certainly changing around us.I heard in Furnace Creek, Bad Water, CA in the Death Valley had an once in 1,000 years flood.That deluge translates to 9 months of precipitation in 3 hours in August. The real experience here in Silicon Valley did not arrive until last week.  The first order of business is stockup popsicles and icecre...
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By Don Orason, "Helping You Make Good Real Estate Decisions"
(Silicon Valley Real Estate Team -Intero Real Estate Services)
Nestled in Silicon Valley, San Jose is at the heart of the cultural and technological epicenter of California. The area has become a magnet for people attracted to its booming economy which has grown to include some of the biggest names in technology.Regardless of whether you are currently living in San Jose or planning on relocating to San Jose, understanding the different neighborhoods in San Jose is important to find one of the best places you can call home.The city is filled with a wide assortment of great neighborhoods, many of which are very different from one another. Offering different real estate options, amenities, and atmospheres, the city offers something for everyone.  San Jose has many good, safe neighborhoods for families looking to move to the area. And also has some of ...
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