Friday, March 18, 2011

Secret Property & Market Update: Is Housing Recovery Underway?

This home has not yet hit the MLS and as one of the benefits of being in my database I make sure that you get the first chance to see it. Let me know if you would like to see it.
647 Rocking Horse Ct in San Jose, priced at $995,000. Available through the public MLS in a few weeks. Custom built home in the foothills with views of the valley. Large rooms and a large rectangular lot with RV parking and many fruit trees.
•             4 Bedrooms/2.5 Bathrooms
•             3097 Sq Ft.
•             ½ Acre Lot

Call me today before it hits the MLS 408-209-9556 to arrange for a private showing.

For Sale: 2809 Agate Dr $549,999
For Sale: 1301 Casa Ct. $499,000

Generation ‘X’ Buyers to Lead U.S. Housing Recovery
According to real estate experts who spoke at an educational webinar produced by the National Association of Home Builders (NAHB), young families and adults ages 31 to 45 - are likely to lead the home buying recovery as it gets underway. These potential home buyers are most likely to think it's a good time to get off the fence - and have strong opinions about the design features their new homes will include. At 32 percent of the population of home-buying age - generally defined as those who are at least

Cash buyers flood Bay Area home market as prices fall
The median price paid for a Bay Area home continued to fall in February, posting lower prices from a year ago for the fifth month in a row while sales were essentially flat. That is leading to a record level of investors and cash buyers snapping up homes, according to a report released Thursday by MDA DataQuick. The median sales price paid for a new or existing single-family house or condominium in the nine-county Bay Area was

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.
For Comparison: Sales picked way up on the west side of Highway 880 during the holiday months, but now it is starting to slow down a bit. We will know much more about the direction of the housing market in the coming month.
Santa Clara County Market Snapshot
The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources ( on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.
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Nathan Nahouraii
Direct: (408) 404-6444
Direct: (650) 352-5322