Real Estate Market Activity For Santa Clara County May 2013

Real estate values are near 2006-7 peak level, though strong owner equity has replaced the fast and loose transaction activity of the bubble years. Pruneyard Dry Creek can expect strong market valuations to continue while historically low interest rates (sub 6%) compel buyers to invest with confidence.

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Pruneyard Dry Creek Market Update

by Richard Hebert Jr. 408-583-3789 Realtor® Keller Williams Realty Silicon Valley www.innexussis.com.

Current Market Activity

 Properly priced houses sell within a week. Buyer demand has not slowed. Interest rates threaten to rise. Standing inventory of houses for sale remains weak. Pruneyard Dry Creek has a disproportionate share of active listings in the first week of June, slightly lower than in May.

8/5/9: active/pending/sold listings. Price per square foot is not a good measure of sales, even though $500/sf looks good for sellers. Broader Silicon Valley market shows recent listings keeping pace with sales, and price decreases on the rise as sellers rethink value propositions with their listing agents.

Total active listings in Silicon Valley: April2013- 1353; May2013- 1470

Average Days On Market: April2013- 25; May2013- 25

Sales Price to List Price Ratio: April2013- 106.4; May2013- 106.4

Closed Sales: May2012- 1771; April2013- 1418; May2013- 1515

Median Sales Price: May2012- 590k; April2013- 707k; May 2013- 720k

Months of Inventory: April2013- 0.95 mos; May2013- 0.97 mos. 

The Neighborhood Map

Pruneyard Dry Creek Listings For Past Sixty Days

Broader Silicon Valley Market Snapshot (0-7 Days)

Waiting For The Top Of The Market

by Richard Hebert Jr. 408-583-3789 Realtor® Keller Williams Realty Silicon Valley www.innexussis.com.

Waiting for the top of the market to sell means waiting for the top of the market to be past. 

THEN WHAT? 

Everyone will sell, sell, sell!

     Sellers will come back in the market, buyers will negotiate lower prices and possibly hold back to wait and see how far prices will fall before buying again. 

     Just a few months of waiting may save buyers hundreds, even thousands of dollars each month, assuming interest rates climb- an offset that negates carrying cost of smaller mortgages.

     Real estate is a long-term hedge against inflation, but a flood of printed money sitting idle on banks' balance sheets may be loosed on financial markets soon- and find a way into the economy, causing inflationary spike, perhaps even hyperinflation results. 

     Currently, an excellent opportunity exists to sell your home in Pruneyard Dry Creek very quickly. Reason being, a few of your neighbors are convinced that adding $100/sf to asking price is feasible and plausible. So far this season, the market refuses to accept that notion. Overpriced houses in our neighborhood are not selling at the same pace and rate as occurs throughout Silicon Valley. Overpriced houses in our neighborhood sit unsold beyond a week on market because of overpricing (over 30 days on market), not because the neighborhood is no longer desirable. Priced correctly, your house becomes the value proposition that attracts multiple offers from ready, willing, and able buyers. The unsold, overpriced houses in our neighborhood become your best selling tool, perhaps even the best marketing strategy that buyer agents can use to persuade their buyers that a good deal is imminent, by buying your properly priced house.

    Everyone would like to be able to call the top of the market correctly. When that occurs, and it will occur, it will be too late to get top dollar for your house. If you are ready, willing, and able to sell your house in Pruneyard Dry Creek, now is the best time, not later. I can help. List your house with me and I will deliver multiple offers above asking price within 10 days on market; if not, cancel my listing.

Additional reading on the top of the market being imminent, if  not here already: here.

List Your House For Sale in Pruneyard Dry Creek With Confidence

May 18, 2013  by Richard Hebert Jr. 408-583-3789 Realtor® Keller Williams Realty Silicon Valley www.innexussis.com.

List with me and your house for sale in Pruneyard Dry Creek will sell quickly.

The market decides, not listing agent or seller, even though this is a sellers' market.

Houses in Silicon Valley sell within a week, marketed properly: it should not take over a month to get multiple offers. In fact, strong multiple offers should occur early, if at all, and come from highly qualified, motivated, and committed buyers represented exclusively by equally astute agents. 

I offer special incentives to sellers who partner up with me to buy a replacement home, leveraging my astute strategies and tactics to competitive advantage. Buying and selling a home can be a very fun, affordable, and convenient experience, an experience I am passionate about negotiating and facilitating for my discerning clients.

Interestingly, you probably found me on page one of a google search, amidst the likes of Trulia, Zillow, and others. Believe me, that is not an easy task for one of thousands of agents vying for your business.

My cell number is 831-524-2989. I live in Pruneyard Dry Creek, my KW office is in Pruneyard Dry Creek, and I am a member of the Pruneyard Dry Creek Neighborhood Association.

These images following depict inbound web traffic to my KW website, which has a very rich CRM system in place. Just imagine the extraordinary outbound capability I have in position, on multiple channels, to effectively market your house for sale in Pruneyard Dry Creek at Campbell CA. 

May 18, 2013: 10:28 am

Inbound Web Traffic For May 1-18, 2013 at 10:30 am 

Inbound Web Traffic For April 2013

  

DAYS ON MARKET (DOM)

ACTIVE Pruneyard Dry Creek MLS Listings as of May 18, 2013

Map of Pruneyard Dry Creek MLS Listings For May 18, 2013

Pruneyard Dry Creek Neighborhood RE Market Activity Jan-May 18, 2013

Short DOM for Properly Priced Houses for Sale in Pruneyard Dry Creek Neighborhood

       Price per square foot matters: see image below to make $/sf calculations. Though this ratio is not the ultimate determining factor for houses selling quickly in Silicon Valley, it is a very telling metric. Especially relevant in the current market dynamic, this metric cannot be ignored, even though standing inventory continues to decline below historic norms- going back decades. In the current RE market periphery of Pruneyard Dry Creek, the lion-share of houses sell within 10 DOM, netting sellers multiple offers- on average approximating 5-8% overbidding from buyers with strong financials. In this regard, $/sf still matters to highly qualified, motivated, and committed buyers.

       Clearly, properly priced houses sell quickly. Conversely, highly qualified, motivated, and committed buyers strike like cobras, early and often, when houses are properly priced. Clearly, it is prudent to buy a replacement home, if applicable to your situation, prior to listing your house for sale in Pruneyard Dry Creek at Campbell CA. 

      This is where I come in. Call me for a free comparable market analysis (CMA) of your home today. You will receive not one, but a minimum of three competent CMAs from separate, credible, and distinctive primary and secondary sources. 

      Then, the fun begins. We'll find that replacement home so the goal of achieving a new comfort zone becomes all the more real, then market your current home effectively and efficiently, ensuring your peace of mind that the RE transaction process works well to your advantage when well played.

Pending and Sold MLS Listings in Pruneyard Dry Creek Since January 1, 2013

Active Listings in Pruneyard Dry Creek Neighborhood at Campbell CA

LOOK HERE to see all houses for sale in Pruneyard Dry Creek at Campbell CA.

Just looking? Register on my website and create personalized alerts for new listings.

Need financing? Call me, I'll hook you up with the right lender.

Ready, Willing, and Able to buy now?

innexussis
Call now for a comprehensive home buying consultation c: 408-412-1583