Feb 16 2013 Willow Glen Real Estate Update

10 houses sold this week for an average of $775,896. That’s actually lower than the 12 week average of $841,910. You can’t make much of any one week’s average, but it’s worth watching. Meanwhile, 10 new houses have come up for sale in Willow Glen within the last week with an average list price of $775,800, which means inventory is unchanged with 50 homes for sale in Willow Glen.

Across the bay area, the market for condos and townhouses is especially hot. “Condos — the affordable homes chosen by many first-time buyers — have made bigger annual gains in asking price than single-family homes in all parts of the Bay Area, according to real estate website Trulia. Sales are at their highest level since late 2008, according to DataQuick, a housing information company. ” I have a beautiful town house coming to MLS next week just outside Willow Glen at 1363 Arbor Park. It is a 3 bed 1.5 bath, 1310 sqft., remodeled. Listing it a t $420,000.

One of my favorite new listings is 2079 Ardis Dr. — a super charming 2 bed 2 bath with a side yard that serves as a nice ‘back yard’ with a huge lemon tree and ample space for entertaining and play. The kitchen features a unique farm sink and the whole house is warm and inviting. Listed at $760,000, its only drawback for some is that it only has two bedrooms.

If you want to learn about any of the homes that just sold or came on market or hear about a few listings I have coming soon, call or text me at 408-887-3225 or email Holly@HollyBarr.com.

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Real estate prices expected to soar as Facebook stock is released.

Facebook is valued at some astronomical amount like $100 BILLION… that’s a lot of cheddar that will melt all over the real estate market slowly as stock is released. Should be interesting because right now, inventory is too low for the standard 3 bed 2 bath between $650,000 and $800,000 where many buyers want to purchase. It gives me pause to think that perhaps a few sellers are waiting until the Facebillionares come into their cash and want to buy a house.

What do you think?



Willow Glen Home Sale Stats 5/10/09

Well, I gotta say on my blog as I say to all my clients… the market is CHANGING! I have buyers that refuse to believe me and still want to wait until prices go down further. I am seeing multiple offers 35 offers in some cases!!

There were 23 sales in the last week for Willow Glen. The week before was only 13! Price ranged from $1.6M on Dry Creek to $199,500 on Hull Ave. I just spoke to a builder who sold a house (before being on market) for close to $4million!!

Gotta love real estate… I do!

Classic Craftsman!

For those who love a Craftsman style home, there is a BEAUTIFUL one for sale (again) at 1226 Minnesota Ave. in the Willow Glen area of San Jose. This house has 2700 sq ft., artist studio and a HUGE full height basement. It was for sale almost exactly 2 years ago for the same price at $1,425,000. The details of this home are true and original craftsman. From the dental crown molding untouched by the usual white paint (which is a crime!- please no paint!)…

to the built in cabinets in the dining room and my personal favorite a library with a sliding ladder (HOW COOL IS THAT!!)…

The stats for Willow Glen this week are 13 sales in the last 7 days and the count has gone up to 259 houses on market (up 3 from 256 last week).

What is your favorite listing right now?

Finding a good lender – in this economy.

Okay, financially speaking, the world is a bit scary right now. Banks are closing and being absorbed. I am reading about people pulling money out of their banks (and putting it under their mattresses essentially). Our whole economic system is morphing into something new.

That being said, people (lots of people) are still buying houses. There are amazing bargains to be found. But, how do you find a good lender? One that is less likely to be absorbed or leave you high and dry…

Here are my top 5 suggestions for finding a good lender:

1) Ask about the lenders volume. A good lender is dealing in $100Million a month or more range.

2) Ask about the length of time the lender has been in business.

3) Who do they partner with or who owns the lending company? Do those partners appear strong, do you know the names of those companies?

4) What kind of education does the individual lender have?

5) Has the lending institution ever done sub prime lending?

And, of course, your realtor should be able to guide you to a great lender!

Take a new way home and get a treat!

As a realtor, I like to think I am up on the neighborhoods that I serve. Part of that is driving around a bit and checking out streets I may have not seen in awhile. Today, my meandering home took me down one of my favorite streets, Franquette. I like this street because of the huge lot sizes (I am just jealous) and how it always seems to have a house under construction. That street is really going through a metamorphosis. Anyway, today I drove by a stand out in front of someone’s home on that street that was selling tomatoes. About 7 large romas for $1.00. I have no need for tomatoes right now, but I HAD to get some! Can’t beat local and fresh for a buck!! Tacos, salads and pasta sauce for a week!

Short sale in Willow Glen

This house at 2573 Malaga Dr. has a lot to offer with a 4th bedroom that was opened up in to an office or living room, A/C 1678 sq. ft. on 7660 sq.ft. lot with hardwood floors and dual pane windows on a great street with Booksin Elem. I was shocked to read that it was a short sale and listed at $799,000. That price just does not have the ‘short sale’ ring to it.

It was interesting to see all of us agents adjust our thinking once we realized it was a short sale. Because of the stress a short sale puts on the transaction and the time involved, the value in our minds appeared to drop.

As I was walking through this house I was listening to the agents discuss the details and I noticed the built in entertainment area and how my husband would be removing the wall to get his tv to fit.

Nice house and I recommend taking a look if you are in the market!

holly@hollybarr.net 408 887-3225

Willow Glen’s real estate world of RANCHERS!

10 new listings on tour in Willow Glen today and 5 of them were ranch style homes. These ranchers range (you know like, home on the range…) in price from $798,000 for a 3 bed 2 bath 1652 sq ft on Wawona to $1,099,000 for a 3 bed 2 bath 1880 sq ft. on Willow Oaks. The house on Willow Oaks has a SIX plus car garage (you could store a lot of ranch equipment there). Here is a picture:

SIX plus car garage

SIX plus car garage! Look closely you will see another building behind these front ones.

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Top three WG real estate picks for 8/7/08

Pick of the week! CARMEL COTTAGE CHARMER IN WILLOW GLEN! 1580 Cherry Glen Way (off Hicks & Mercer) 3 bed 2 bath 1732 sq ft. $1,199,000. This house felt like Carmel charm and just gave you a hug when you walked through the white picket fence (sounds cheesy I know, but really you should check this house out.- Open house on Sun. 8/10/08). And, there is a happy little dog that is due any minute with puppies so you might be able to see puppies at the open house! Okay, back to the house, charming bathroom with a claw foot tub and chandelier, remodeled kitchen with what the agent called Metaphoric Granite (jade green marblelooking stone that is said to be harder than granite) and a full size master suite addition that works well for privacy and access to the backyard.

Willow Glen kitchen with Metaphoric Granite (bamboo green)

Delightful kitchen with Metaphoric granite (bamboo green)

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Real Estate and Community Update for July 17, 2008

If you are going to call it a third bedroom, that bedroom has to be INSIDE the house… Just for the record if your third bedroom does not have a closet it is not a bedroom. Also, if your third bedroom is in a separate structure, like a garage, appraisers state that it is technically not a 3 bedroom house. I recommend you put a clear description of where that bedroom is.

Here are some interesting numbers about this past week in Willow Glen’s real estate scene:
• 10 sales last two weeks in area 10 (Mostly 95125)
• 229 active listings in Willow Glen this week 7/17/08
210 active listings is the gold standard for a sign of a healthy market for this area. The fact that we are consistently in the 230-240 range indicates Willow Glen to be a stable market.
Every Thursday I attend a realtor tour of all the new listings in Willow Glen. It’s a great way for realtors like me to stay on top of the market.. The tour is organized by Mike Gains of REMax, and usually includes 25-50 realtors. Every week I’ll report back on highlights from this tour – a summary of what’s going on in the Willow Glen market, exceptional new listings, stuff like that. If you ever have any questions about what I put here, or would like to see me take a different approach with this weekly summary of the tour, please let me know!