The California Association of Realtors (CAR) and the National Association of Realtors (NAR) have released their annual market outlook for the coming year. CAR is a state-wide outlook that provides context for what may happen in Silicon Valley. Here are
Interest Rates
Interest rates vary fairly significantly. The biggest factors being whether the loan amount is conforming or jumbo and if the size of the down payment. Understanding what the rate is for your situation is critical in determining your target purchase
Conforming loan limit
The Federal Housing Finance Agency increased the conforming loan limit to $1,089,000 in Santa Clara and San Mateo counties for 2023, a 12% increase over 2022. A purchase price of up to $1.36M should qualify for a conforming loan, assuming
Median Price by City
Below are the Quarterly Median Price over the past 20 years for each Silicon Valley city that I cover. The quarterly average provides insight into how our market is moving with a little detail than the annual average and not
Sale/List Price by City
Here is a view of how much the final sales price is over/under list by number of Days on Market for each of the cities I cover in Silicon Valley. The scatter charts show a dot for each closed sale
Bay Area prices: 35-year history
The Case-Shiller Index provides a great historical view of home values in the San Francisco Bay Area. This index covers five counties, however does not include Santa Clara County (Silicon Valley). Their “high-priced” and “mid-tier” priced homes is a good
Increase Home Value
Compass offers an interest-free, no-fee loan of up to $40,000 for sellers to maximize the resale value of their home. This can be used for most anything you deem necessary. The loan is paid-off through escrow, so out-of-pocket cash is
Single Family Home Makeover
Below is a 1960’s ranch-style home that was in original condition. We did a complete makeover that generated 50 prospective buyers, 12 offers and sold for $900,000 (30%) over list price. Interesting to see the dramatic difference. Can you imagine
Townhome Makeover
Below are details on the makeover of a 3-bedroom Townhome prior to going on market. The results were outstanding. Buyers and agents alike complimented us on a great job and a wonderful townhome. The $50k front-end investment resulted in 50
Condo Makeover
Below is a 2-bedroom Condo built in 1986 in mostly original condition. Interesting to see the dramatic difference. Can you imagine how much less it would have sold for without the makeover? Living Room – the first room you see when you