Daniel Pizano - Realtor, Broker, Agent

San Jose Real Estate

Cambrian Park Area in San Jose Getting Multiple Offers

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Cambrian Park in San Jose CA

Cambrian Park real estate is very active in San Jose

Zip code 95124 Cambrian Park area received 8% over the list price.

Cambrian area San Jose Median Housing Price
Median Sales Price to Median Sales Price Ratio in San Jose Cambrian area

Real estate is a local business. In fact, real estate is hyper local with Cambrian Park real estate. Cambrian Park is an established area within San Jose with much to offer buyers looking for a great p;lace to live.

It is very important that buyers and sellers hire an agent who is an expert in the local real estate market and understands the market. A neighborhood specialist.

I work in the Cambrian area and sell many homes in this area of San Jose. As a real estate professional it is important that you specialize in a neighborhood or small area. We call this our geographic farm. Take a look at the chart and see how Cambrian’s Median Original List Price to Median Sales Price did compared to other surrounding areas,

Cambrian Park real estate is in High Demand from San Jose Buyers

The graph indicates how much over the list price the homes in San Jose, Willow Glen, Cambrian 95118, Cambrian 95124, and Campbell sold for. Cambrian zip code 95124 got the most over the list price.

The graph let’s us know that the Cambrian area (zip code 95124) receives the highest accepted offers and sales prices when compared to their original list price. For example, a home is listed on the market for $800,000. The original list price is $800,000. In Cambrian 95124 the $800,000 home sells for $864,00 or 108% of the original listed price.

Cambrian 95124 is hot right now and the multiple offers continue to happen. This graph was data from CoreLogic. Fast forward and homes in Cambrian 95124 received 104% on average since November 2014 and this percentage jumped in January to 108%.

Cambrian Park is very diverse and schools are a factor in high buyer demand

This shows us that buyers are bidding up Cambrian Park real estate. I know and understand Cambrian and how the Cambrian area is broken up into sections. The area that I am very familiar with is south of the 85 freeway. This area is well known for having excellent schools and safe parks and streets. I mainly farm the area around Leigh High school, Noddin Elementary, Alta Vista Elementary, Carlton Elementary, Lietz Elementary, Oster Elementary, and Guadalupe Elementary are excellent schools. The middle schools are Dartmouth Middle and Union Middle, Both are standout schools.  Leigh High School is an excellent high school with an awesome music program and great sports and academics. These Union schools are driving the home prices higher in the Cambrian 95124 area.

8 things every buyer should ask

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buyerThere are 8 Things Every Buyer Should Ask Their Agent:

1. How many homes do you see each week? This will give you an idea as to how dedicated he or she is. If he doesn’t preview homes, then he can’t be an added value to you. If he or she sees 40 homes and narrows down the 10 best and sends them to you, this will be a service. Especially if you’ve met and gone over what you like and what you don’t like in a home.

2. How Long Have You Been a Real estate Agent? They should have experience and not have you be the guinea pig

3. Can I Call a Few References? they should be ok with that

4. What is your primary area that you cover? a specific neighborhood preferably

5. What type of Buyers do you work with? First time buyers, move up buyers, etc.

6. What days can we meet to look at homes? He/She should have a set plan like every Saturday and Sunday or evenings

7. Do you have a real estate team or are you solo? Find out if you just meet with him/her and they are going to pass you off to their assistant.

8. How many offers have you written in the last month? If they have not written any, beware, they are out of touch with the market.

 

If you need someone who gets results, please give me a call at (408) 460-8401

Is The Market Slowing Down in San Jose?

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realtor-signThe real estate market is slowing down due to the seasonal fall change. Less buyers buy during the fall months than during the summer months. If you are interested in buying a home, this is a great time. We are starting to see more price reductions and homes in general are priced more realistic. The fall and winter months are the best months to go shopping for a home.

 

If you need help please call me at (408) 460-8401

Jobs, Interest Rates, and Technology – Why Silicon Valley is Insulated

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silicon-valley-logosWith companies like Facebook, Google, Apple, eBay, HP, Intel, and Twitter all located here in Silicon Valley we have a healthy employment economy. Silicon Valley is a unique and different place unlike anywhere else. It’s almost like an island, a technology island. The average high tech wage is $195,815 according to Jones Lang LaSalle report .

Many buyers today work in a high tech environment and have the large salaries to buy a home. The prices have gotten so out of hand that the average employee can’t afford to buy a home in Silicon Valley. You need to have a high tech household income in the six figures just to qualify for the median price home in San Jose.

 

 

When Will Interest Rate Go Up?

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mortgage-ratesThe interest rates have been artificially lowered with the Feds buying up billions of dollars in treasury bills. This has been easing up a bit with the new FED chair Janet Yellen. According to Yellen, “There’s no mechanical formula and no clear data.” In her July meeting with lawmakers she hinted that rate will stat to go up in the third quarter of 2015. If you are sitting on the fence whether to buy a home or keep renting, the interest rates going up should propel you take action now.

Gen Y Millennials the Homebuyers of Tomorrow?

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millenials are the san jose buyersHalf of these Millennials are employed. Of those working approximately 33% have a full time job, 19% have a part time jobs, 24% are students, and 20% are unemployed.

These Generation Y’s are known for delaying marriage and children. The majority of them are not married and nearly half do not have any children. One thing is certain, they are educated. Approximately 46% of 27 to 34 year olds have college degrees. Among the younger group, 42% of 18-26 year olds are currently enrolled in college.

When asked what type of home they would like to buy, 2 out of 3 responded that they would like to purchase a single family home. They value space and would like a good size lot. Only 12 percent wanted to purchase a town home or condo.

Millennials will be buying homes in the near future. These highly educated individuals grew up with the internet and information at their fingertips. They know what they want and go after it.

If you are a millennial and are thinking about buying a home, please give us a call today at (408) 460-8401.

Helping you find your dream home.

Everything starts with a phone call. Call us at 408.460.8401. Daniel Pizano is a top producing real estate agent and broker associate with 10 years of real estate experience. Daniel is affiliated with Coldwell Banker Los Gatos which is a top producing office in Silicon Valley and the entire Bay Area. Real estate is a relationship business. You need a knowledgeable and hardworking broker who will negotiate the best deal for you. Daniel would love to meet with you and see how he can help you achieve your dream of owning your home or selling your home. Call Daniel today!

Office Location

Daniel Pizano, broker associate
01471503
408.355.1557
Coldwell Banker Los Gatos
410 N Santa Cruz Ave
Los Gatos, CA 95030

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