Silicon Valley Real Estate Trends - 2009 - 2010

Don Orason — Sat, 06 Feb 2010 07:06:00 GMT

Silicon Valley real estate markets show strength in closing 2009

Though the business areas in Silicon Valley don't seem to be packing nearly as much punch as they used to, it looks like the residential Silicon Valley real estate market made some strong gains to close out 2009. The last couple of years has been tough on the area, with prices for both homes and condos sagging during that time period. This could be said of pretty much all areas around the country over the last couple of years, so it's no surprise that Silicon Valley home values have dropped off. With that said, those looking to sell their homes in the coming months should be encouraged to learn than a turnaround might be on its way.

December's big gains
In closing out the year, the homes for sale in Silicon Valley sold a little bit better at the end of the year. Likewise, Silicon Valley home values appear to be shooting up at rates that are unusual. According to those pundits who track the Silicon Valley real estate market and understand its peaks and valleys, this type of movement is an indicator that the market is starting to turn around. The gains were not just for the home market, either. Many like to look at the condo market to tell if the market's making a recovery, and they were pleased to learn of the condo industry's nice December.

Looking at the statistics
If you were to look at Santa Clara County alone during December, you would see a 44% increase in the number of homes sold during that month. That was quite a close to the year for that county, as 2009 ended up at the most prolific home selling year since 2006. Though not all counties across the Silicon Valley saw that high level of success, this is a sign that people are once again looking to move into the area and that homes for sale in Silicon Valley have a chance to succeed. Home prices in that county were also up 15% over December 2008, a strong indicator of the demand for new homes across the area.

So what is powering this increased demand? It looks like some of the apartment options are shrinking up around the Valley, which is causing more and more individuals to look into higher end Silicon Valley real estate. Instead of settling for renting, people are taking the dive and buying their home. For the last couple of years, the big problem with this has been financing for many buyers, but the banks around Northern California seem more and more willing to give out home loans at this time. The mortgage market has still not opened back up completely, but we are now at the level where people who have acceptable credit can once again get approval for a home loan.

In all, Silicon Valley real estate looks to be on its way back up. The strength of December 2009 in many counties is a sign of things to come, at least to those who follow the trends closely.

For more information on Silicon Valley Real Estate contacts the experts at the Silicon Valley Real Estate Team.

You’ve Decided to Sell Your Home…What an Agent Requires to Get Started

Don Orason — Sun, 04 Feb 2007 02:11:00 GMT

You’ve Decided to Sell Your Home…

What an Agent Requires to Get Started

After you have found a real estate agent that you want to work with you are not quite ready to get started. Sure, you are on the cusp of getting underway, but now that you have decided on a real estate agent they will probably have some questions of you. Remember, the only reason that a real estate agent is asking so many questions is because they want to make the process as easy as possible on both of you. So instead of looking at this as an annoyance, you should in turn see it as there way of helping you to reach your goals.

Before you sign the listing agreement, make sure that you know exactly what you are getting yourself into. For instance, there are many specific areas of a real estate contract that you will want to look out for. Most importantly, look at how much money they are going to take out of the final sale price of your home. Sure, you are expecting to pay a bit, but what most sellers are looking for is “Value”. Ask your agent “how you can be assured” that they will do ALL the things they promised to get your home sold and for the most money the market will bear. Hold them accountable! Additionally, you should also consider the amount of time that is specified on your contract. Most real estate agents will require that you work with them for a predetermined period of time. This will mean that you cannot hire another real estate agent until the contract expires.

One of the first things the real estate agent you choose will do is a walk through your home. This way they can get a good idea as to what you have to offer. It is during this process that they will decide how much your home is worth, and then you two can work together to determine a selling price. This will be based on your homes condition and how it compares to “similar homes” that have recently sold and are currently for sale in your area.

Overall, an agent does not require much to get started. You should do everything that you can to make the start up process as easy as possible. Just make sure that you know what you are signing, and that you work with the real estate agent to decide on a good selling price. If you do these two things you should not have any problems when working with a real estate agent early on.

Find a realtor you “feel good” with and that has a great marketing program to get your home sold for top dollar! You will know when the right real estate agent comes along…

About Don Orason :

Having lived and worked in Santa Clara Valley for over 35 years, Don knows the community extremely well and is the "San Jose Real Estate Agent - Area Expert". Consistently on the cutting-edge of new real estate technology that will benefit YOU!

For All San Jose Ca Real Estate and Homes For Sale - and define the type of home you're looking for and receive an email when one hits the market! Please visit AlmadenHomeInfo.com to learn everything about Almaden Valley Real Estate and Homes For sale.

For Real Estate Home Sales, Market Trends and Statistics for Silicon Valley and Santa Clara County - www.SCCRealEstate.com

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Silicon Valley Real Estate Team - Don Orason

Silicon Valley Real Estate Trends - 2009 - 2010

You’ve Decided to Sell Your Home…What an Agent Requires to Get Started