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Greetings!
Welcome to Dale Warfel's December 2007 Newsletter.
Personal News:
I hope you all had a wonderful Thanksgiving weekend. We visited family up in Sacramento, ate a little too much, slept in, played games, watched football, movies, etc. Johnny has really gotten into the holiday spirit this year. Johnny sang in his pre-school's Christmas show (he was dressed as one of the wise men). We he walked out on stage, he looked out into the big audience trying to find us. Once he spotted us, the biggest smile came across his face. He did a wonderful job singing. Mimi and I were so proud of him. He is figuring out the Santa Claus thing, too.
This past Friday evening was our KW Holiday Party in downtown Campbell. Mimi and I got a chance to dust off our dancing shoes on a huge dance floor! We had Santa come to our office last Sunday for our annual family holiday party. Last year, Johnny was a little afraid of big Santa. This year, he grabbed Mimi's hand and went right up to him, thanking him for the gift, then whispered Merry Christmas to Santa. It was so cute.
My families' warmest wishes go out to you and yours this Holiday Season. Enjoy the time off work, spend time with your family and friends, and take time to reflect on the important things in life. Have a safe and happy new year.
Professional News:
Looking for Property? (or What's Happening in My Neighborhood?)
Are you looking for a private, secure place to search for real estate? Would you like to know what's happening in your neighborhood? My MLS Advisor Service provides up to date information on listing activity in your area or in any Bay Area region you choose. Search for active listings, properties in escrow, price reductions, and much more. Take a test drive! Go to: www.advisormls.com
If you are considering buying or selling property out of the area, let me help you find an experienced real estate professional that can offer you the best possible service.
Just Listed - Almaden Valley
1039 Kiser Drive, San Jose
1039 Kiser Drive, San Jose3 Bedrooms / 2.5 Bathrooms / Approx. 1,470 Sq. Ft.
This home is a beauty, and priced to sell! Located in the top Almaden Valley school districts, this immaculate home is situated near walking and biking trails.
This home is listed at: $675,000
Click here for more details.
Price Reduced - Almaden Valley
6258 Calle Bonita, San Jose
5 Bedrooms / 4 Bathrooms / Approx. 3,297 Sq. Ft.
This is literally a brand new, 34 year old home. Almost everything is new construction, with the exception of some exterior garage walls and the garage floor. This home has everything. The only thing missing is you!
This home has been reduced to: $1,799,000
Click here for more details.
Coming Soon
377 Vale Drive, San Jose (Detached Single Family Home)
4 Bedrooms / 2 Full Bathrooms / Approx. 1410 Sq. Ft.
This beautiful single story home features an updated kitchen and bathrooms, energy efficient dual-pane windows, new carpet, paint, and more.
The list price is TBD.
Thank You!
Thank you to Eva C. for your referrals.
Remember to check out my website and benefit from the wealth of information:
http://dalewarfel.com/
You could also contact me via email at: dale@dalewarfel.com or on the phone at:
408.624.6202
My expertise lies in selling homes in Almaden Valley and Willow Glen. Log on to these two websites to get local news and information, which you can use, for these areas.
http://almadenvalleyhomesforsale.com
http://willowglenhomesforsale.com
Market Update
The inventory of homes active on the market dropped slightly to 6,400 homes in November. Properties in foreclosure are, in many cases, ending up being owned by banks, who in turn hire real estate companies to sell them below market value, so that they will sell quickly. For a motivated buyer, there may be opportunity to get an excellent deal on a home. Some of these may have deferred maintenance, so offers to purchase are, of course subject to inspection. Though banks typically require properties to be purchased in an 'as-is' condition, there is no reason why you should not ask for credits for repairs, especially it the estimated cost of repairs needed is substantial.
| Market Snapshot - Santa Clara County |
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Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Nov-07 |
|
511 |
98.74 |
|
46 |
1,313 |
Aug-07 |
|
787 |
99.74 |
|
40 |
1,954 |
Jun-07 |
4,465 |
979 |
100.20 |
|
40 |
1,984 |
Mar-07 |
3,345 |
890 |
99.73 |
$1,065,798 |
57 |
1,888 |
Dec-06 |
2,349 |
825 |
98.30 |
$903,208 |
59 |
562 |
Sep-06 |
3,926 |
887 |
99.00 |
$922,195 |
50 |
2,006 |
Jun-06 |
3,793 |
1,192 |
100.17 |
$989,891 |
35 |
2,491 |
Dec-05 |
1,958 |
970 |
98.98 |
$881,718 |
41 |
705 |
Jun-05 |
2,654 |
1,623 |
100.95 |
$926,348 |
17 |
1,743 |
|
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Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Nov-07 |
1,625 |
217 |
98.60 |
$579,505 |
48 |
441 |
Aug-07 |
1,735 |
336 |
99.87 |
$569,057 |
36 |
746 |
Jun-07 |
1,604 |
415 |
100.00 |
$574,099 |
36 |
742 |
Mar-07 |
1,202 |
416 |
100.00 |
$559,760 |
61 |
739 |
Dec-06 |
948 |
343 |
99.07 |
$522,741 |
53 |
214 |
Sep-06 |
1,525 |
387 |
99.43 |
$523,614 |
44 |
773 |
Jun-06 |
1,291 |
479 |
100.50 |
$522,932 |
34 |
953 |
Dec-05 |
707 |
423 |
100.25 |
$514,549 |
36 |
312 |
Jun-05 |
760 |
673 |
103.79 |
$506,697 |
14 |
683 |
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202
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Greetings!
Welcome to Dale Warfel’s November 2007 Newsletter.
Personal news:
We had a fun outing for Halloween. Johnny dressed up as a Caterpillar, and we went to a 'Trunk or Treat' event sponsored by a local church. He had a great time, playing on the inflatable slide, jump house, and enjoying a puppet show featuring 'The Three Pigs'. As I was heading toward my 46th birthday, I decided it was time to continue on my quest for good health by starting a workout program. I started a 90-day program, called P90X, in mid-August, making the commitment to work at it diligently for 90 days. As I write this, I am at day 83 in the program, and can tell you that my results have been remarkable. If you are interested in learning more, please feel free to contact me.We'll be traveling to visit family for the Thanksgiving weekend. Our family wishes you and yours a safe and happy Thanksgiving.
Professional News:
Looking for Property? (or What's Happening in My Neighborhood?)
Are you looking for a private, secure place to search for real estate? Would you like to know what's happening in your neighborhood? My MLS Advisor Service provides up to date information on listing activity in your area or in any Bay Area region you choose. Search for active listings, properties in escrow, price reductions, and much more. Take a test drive! Go to: www.advisormls.com
If you are considering buying or selling property out of the area, let me help you find an experienced real estate professional that can offer you the best possible service.
Coming Soon
377 Vale Drive, San Jose (Detached Single Family Home)4 Bedrooms / 2 Full Bathrooms / Approx. 1410 Sq. Ft.This beautiful single story home features an updated kitchen and bathrooms, energy efficient dual-pane windows, new carpet, paint, and more.The list price is TBD
Remember to check out my website and benefit from the wealth of information: http://dalewarfel.com
You could also contact me via email at: dale@dalewarfel.com or on the phone at: 408.624.6202
My expertise lies in selling homes in Almaden Valley and Willow Glen. Log on to these two websites to get local news and information, which you can use, for these areas.
http://almadenvalleyhomesforsale.com
http://willowglenhomesforsale.com
Market Update
The inventory of homes active on the market topped 6,500 listings again in October. There have been signs the past few weeks that the market may be showing signs of a recovery. The number of active homes on the market has been declining in the greater Santa Clara County area (Gilroy through Sunnyvale). In the last 3 weeks, the number of active single-family homes on the market has dropped by approximately 3%, while the number of homes in contract (sale pending) has increased by approximately 7%. Condos and townhomes have experienced similar changes, with the active listings dropping over 4%. Based on the fairly consistent market we have been seeing the past 6 months, this could be an indication of a shift in the market.
By the way, did you hear that Donald Trump is heading to Northern California with $100,000,000 to buy homes. There is a saying that goes something like this: 'Follow the big money.' If Donald Trump thinks it's a good time to buy real estate in Northern California, perhaps that is the best 'Buy' signal of all.
Market Snapshot - Santa Clara County
Single Family Homes
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Oct-07 |
4,920 |
574 |
99.75 |
$1,050,233 |
41 |
1,725 |
Aug-07 |
4,795 |
787 |
99.74 |
$1,085,590 |
40 |
1,954 |
Jun-07 |
4,465 |
979 |
100.20 |
$1,065,282 |
40 |
1,984 |
Mar-07 |
3,345 |
890 |
99.73 |
$1,065,798 |
57 |
1,888 |
Dec-06 |
2,349 |
825 |
98.30 |
$903,208 |
59 |
562 |
Sep-06 |
3,926 |
887 |
99.00 |
$922,195 |
50 |
2,006 |
Jun-06 |
3,793 |
673 |
100.17 |
$989,891 |
35 |
2,491 |
Dec-05 |
1,958 |
970 |
98.98 |
$881,718 |
41 |
705 |
Jun-05 |
2,654 |
1,623 |
100.95 |
$926,348 |
17 |
1,743 |
|
Condos / Town homes |
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Oct-07 |
1,783 |
227 |
98.35 |
$571,169 |
43 |
609 |
Aug-07 |
1,735 |
336 |
99.87 |
$569,057 |
36 |
746 |
Jun-07 |
1,604 |
415 |
100.00 |
$574,099 |
36 |
742 |
Mar-07 |
1,202 |
416 |
100.00 |
$559,760 |
61 |
739 |
Dec-06 |
948 |
343 |
99.07 |
$522,741 |
53 |
214 |
Sep-06 |
1,525 |
387 |
99.43 |
$523,614 |
44 |
773 |
Jun-06 |
1,291 |
479 |
100.50 |
$522,932 |
34 |
953 |
Dec-05 |
707 |
423 |
100.25 |
$514,549 |
36 |
312 |
Jun-05 |
760 |
673 |
103.79 |
$506,697 |
14 |
683 |
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For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202
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Greetings!
Welcome to Dale Warfel’s September/October 2007 Newsletter.
Personal news:
We went on a weekend camping trip up to Big Basin State Park a couple weeks ago. It was Johnny's first time! We rented a tent cabin, plus had a tent outside that Johnny wanted to sleep in with Mom. Needless to say, as it started getting dark, he decided to stay in the cabin with Mom and Dad after all!
Professional News:
Mark Your Calendar - Real Estate Workshop October 17, 2007 - Milpitas Community Center!
On Wednesday, October 17, I will be hosting the second of a series of real estate workshops in Santa Clara County. Attendees will learn:
- The 9 Biggest Mistakes Home Buyers Make and How To Avoid Them
- 5 Tax Loopholes of the Wealthy and How You Can Benefit From Them
- 8 Sources of No Cost or Low Cost Money to Help With Your Down Payment
- The 6 Things You Must Do to Protect Yourself and Your Assets from Disaster
- How To Make Your Credit Your Friend and Not an Enemy Holding You Down
- Real Estate Wealth Building Strategies (Even If You Are Renting Today)
The workshop is being presented by Industry Leaders in Real Estate Financing and Credit, Tax Planning, Asset Protection, Title and Escrow, Financial Planning, and Estate Planning.
Whether you are a first time homebuyer, a homeowner, or an investor, this workshop has something for you.
Here are the specifics of the workshop:
| Date: |
Wednesday, October 7, 2007 |
| Where: |
Milpitas Community Center
457 E. Calaveras Blvd., Room 7
Milpitas, CA 95035 |
| Time: |
7:00 - 9:00 pm (registration starts at 6:45 pm) |
To register, or for more information, call the 24-Hour Real Estate Workshop Registration and Information Hotline at (408) 694-9806.
Looking for Property? (or What's Happening in My Neighborhood?)
Are you looking for a private, secure place to search for real estate? Would you like to know what's happening in your neighborhood? My MLS Advisor Service provides up to date information on listing activity in your area or in any Bay Area region you choose. Search for active listings, properties in escrow, price reductions, and much more. Take a test drive! Go to: www.advisormls.com
If you are considering buying or selling property out of the area, let me help you find an experienced real estate professional that can offer you the best possible service.
Coming Soon
377 Vale Drive, San Jose (Detached Single Family Home)
4 Bedrooms / 2 Full Bathrooms / Approx. 1410 Sq. Ft.
This beautiful single storey home features an updated kitchen and bathrooms, energy efficient dual-pane windows, new carpet, paint, and more.
The list price is TBD.
New Price
3594 Payne Avenue, #9, San Jose, CA 95117
3 Bedrooms / 2 Bathrooms / Approx. 1080 Sq. Ft.
Remodeled Kitchen with Maple/Granite Slab Countertops/New Stainless Steel Appliances (Refrigerator, Dishwasher, Smooth Top Range, Built-in Microwave)/Cherrywood Laminate Flooring/Recessed Lighting/Crown Molding
Remodeled Baths with Maple/Granite/Toilets/New Flooring/New Lighting
New Paint, New Carpet Throughout
Price Reduced to $429,000
For more info, go to www.3594PayneAve.info or www.circlepix.com/RCYGJF (virtual tour).
*** NOTE: The Seller will consider a LEASE TO OWN Purchase.
This property is perfect for 1st time homebuyers. If you know anyone who may be interested in this exceptional property, please let me know. See some pictures of this fine property below:
Thank You's
Thank you to Karen Stevens and Tamara Archer for your referrals.
Remember to check out my website and benefit from the wealth of information: http://dalewarfel.com/
You could also contact me via email at: dale@dalewarfel.com or on the phone at: 408.624.6202
My expertise lies in selling homes in Almaden Valley and Willow Glen. Log on to these two websites to get local news and information, which you can use, for these areas.
http://almadenvalleyhomesforsale.com
http://willowglenhomesforsale.com
Market Update
The inventory of homes active on the market topped 6,500 listings in August. For single family homes, the hottest markets in August include Campbell (76 active/35 closed), Cupertino (65 active/32 closed), Los Altos (39 active/28 closed), Mountain View (30 active/30 closed), and Palo Alto (31 active/39 closed). San Jose (3,018 active/370 sold) continues to show mixed results, with properties in communities such as Almaden Valley, Cambrian, and Willow Glen show having stronger sales, whereas homes for sale in Downtown, Evergreen, and South San Jose showing inventory and sales trends favoring buyers. Morgan Hill (284 active/29 closed), and Gilroy (413 active/30 closed) continue show selling trends favoring buyers. |
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| Market Snapshot - Santa Clara County |
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Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Aug-07 |
|
787 |
99.74 |
|
40 |
1,954 |
Jun-07 |
4,465 |
979 |
100.20 |
|
40 |
1,984 |
Mar-07 |
3,345 |
890 |
99.73 |
$1,065,798 |
57 |
1,888 |
Dec-06 |
2,349 |
825 |
98.30 |
$903,208 |
59 |
562 |
Sep-06 |
3,926 |
887 |
99.00 |
$922,195 |
50 |
2,006 |
Jun-06 |
3,793 |
1,192 |
100.17 |
$989,891 |
35 |
2,491 |
Dec-05 |
1,958 |
970 |
98.98 |
$881,718 |
41 |
705 |
Jun-05 |
2,654 |
1,623 |
100.95 |
$926,348 |
17 |
1,743 |
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|
|
|
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Aug-07 |
1,735 |
336 |
99.87 |
$569,057 |
36 |
746 |
Jun-07 |
1,604 |
415 |
100.00 |
$574,099 |
36 |
742 |
Mar-07 |
1,202 |
416 |
100.00 |
$559,760 |
61 |
739 |
Dec-06 |
948 |
343 |
99.07 |
$522,741 |
53 |
214 |
Sep-06 |
1,525 |
387 |
99.43 |
$523,614 |
44 |
773 |
Jun-06 |
1,291 |
479 |
100.50 |
$522,932 |
34 |
953 |
Dec-05 |
707 |
423 |
100.25 |
$514,549 |
36 |
312 |
Jun-05 |
760 |
673 |
103.79 |
$506,697 |
14 |
683 |
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| For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202 |
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Greetings!
Welcome to Dale Warfel’s August 2007 Newsletter.
First of all some personal news:
I've been getting in shape to play in the annual Make-A-Wish Softball Tournament, sponsored by Chicago Title. Our team, the KW Cappers, has been practicing weekly for the past few weeks, in preparation for this event. In addition, I've been stepping up the weight training along with some cardio work. It feels great to be in better shape. We play August 13, 15, and 17 at Twin Creeks Sports Complex.
Now for some professional news:
Mark Your Calendar - Real Estate Workshop - September 18, 2007!
On Tuesday, September 18, I will be hosting the first of several real estate workshops in Santa Clara County. This workshop features industry leaders in the areas of finance and credit, risk management, title and escrow, tax planning, and financial and estate planning. Whether you are a first time homebuyer, a homeowner, or an investor, this workshop has something for you.
The workshop will be held in the South San Jose area, from 7:00 - 9:00pm (registration starts at 6:30pm). For more information, call or e-mail me. To register, call the Real Estate Workshop Registration and Information Hotline at (408) 694-9806. Our sponsors are covering the cost of the workshop, so it is FREE for you!
Looking for Property? (or What's Happening in My Neighborhood?)
I use a tool called the Home Buyers Marketing Report. It provides up to date information on listing activity in your area or in any area you choose. Search for active listings, properties in escrow, price reductions, and much more. The unique Notebook feature lets you keep notes on any specific properties that interest you. Take a test drive! Go to: http://www.marketingsplash1.com/RequestHBSR.asp?ID=GEYIEYFHLFCJ
Coming Soon
377 Vale Drive, San Jose (Detached Single Family Home)
4 Bedrooms / 2 Full Bathrooms / Approx. 1410 Sq. Ft.
This beautiful single story home features an updated kitchen and bathrooms, energy efficient dual-pane windows, new carpet, paint, and more.
The list price is TBD.
New Price
777 Gregory Street, San Jose (Detached Single Family Home)
2 Bedrooms / 1 Bathroom / 960 Sq. Ft.
New Carpet, Newer Laminate Flooring, Updated Kitchen with new Countertops, New Paint, upstairs has Dual Pane windows
Offered at $565,000
This is a charming Willow Glen cottage, close to nature and downtown!
Still Available - Seller will Credit Buyer 12 Months Homeowners Association Dues at Close of Escrow
3594 Payne Avenue, #9, San Jose (Condo) |
| • |
3 Bedrooms / 2 Bathrooms / 1080 Sq. Ft. |
| • |
Remodeled Kitchen with Maple/Granite Slab Countertops/New Stainless Steel Appliances (Refrigerator, Dishwasher, Smooth Top Range, Built-in Microwave)/Cherry Wood Laminate Flooring/Recessed Lighting /Crown Molding |
| • |
Remodeled Baths with Maple/Granite/Toilets/New Flooring |
| • |
New Paint, New Carpet Throughout |
| • |
Price reduced to $449,000 |
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For more info, visit www.3594PayneAve.info or www.circlepix.com (virtual tour).
This property is perfect for 1st time homebuyers. If you know anyone who may be interested in this exceptional property, please let me know.
Thank You
Thank you to Steven Pyle for your referral!
Thank you to Salvador Posada for taking care of my clients while I was on vacation.
As a Silicon Valley native, having lived, worked, shown, listed, and sold homes in practically every corner of Santa Clara County, you can rest assured that my combination of area knowledge, technical background, and negotiation skills will benefit you, whether you are buying or selling your home.
My entire team will provide you the highest level of care you could hope for in your home purchase. We keep you informed every step of the way providing clear and understandable answers to your questions and by providing a detailed Market Analysis on each property, which interests you, prior to suggesting an offering price. We keep you well informed through out the listing and escrow period making the process stress-free.
Remember to check out my website and benefit from the wealth of information: http://dalewarfel.com/
You could also contact me via email at: dale@dalewarfel.com or on the phone at: 408.624.6202
My expertise lies in selling homes in Almaden Valley and Willow Glen. Log on to these two websites to get local news and information, which you can use, for these areas.
http://almadenvalleyhomesforsale.com
http://willowglenhomesforsale.com
Market Update:
The inventory of homes active on the market topped 6,000 listings in May. As I mentioned previously, 5,000 active residential listings has been considered a point at which the market is considered 'Balanced', that is, neither a buyer's or seller's market. For single family homes, the hottest markets include Campbell (83 active/33 closed), Cupertino (74 active/34 closed), Los Altos (44 active/45 closed), Mountain View (33 active/20 closed), and Palo Alto (47 active/58 closed). On the other hand, San Jose (2,685 active/478 sold), Morgan Hill (302 active/30 closed), and Gilroy (426 active/33 closed) show selling trends favoring buyers. In San Jose, properties in communities such as Almaden Valley, Cambrian, and Willow Glen show stronger sales, whereas homes for sale in Alum Rock, and South San Jose are selling much more slowly. |
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| Market Snapshot - Santa Clara County |
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|
| |
Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Jul- 07 |
4,448 |
881 |
100.30 |
not avail. |
$1,042,711 |
37 |
1,892 |
| Jun- 07 |
4,465 |
979 |
100.20 |
$ 867,500 |
$ 1,065,282 |
40 |
1,984 |
| Mar- 07 |
3,345 |
890 |
99.73 |
$ 830,000 |
$ 1,065,798 |
57 |
1,888 |
| Dec - 06 |
2,349 |
825 |
98.30 |
$ 738,000 |
$ 903,208 |
59 |
562 |
| Sep - 06 |
3,926 |
887 |
99.00 |
$ 769,000 |
$ 922,195 |
50 |
2,006 |
| Jun - 06 |
3,793 |
1,192 |
100.17 |
$ 819,950 |
$ 989,891 |
35 |
2,491 |
| Mar - 06 |
2,850 |
1,137 |
100.26 |
$ 760,000 |
$ 942,976 |
42 |
2,075 |
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Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Jul- 07 |
1,579 |
387 |
99.76 |
not avail. |
$556,013 |
35 |
683 |
| Jun- 07 |
1,604 |
415 |
100.00 |
$ 539,000 |
$ 574,099 |
36 |
742 |
| Mar- 07 |
1,202 |
416 |
100.00 |
$ 530,000 |
$ 559,760 |
61 |
739 |
| Dec - 06 |
948 |
323 |
99.07 |
$ 505,000 |
$ 522,741 |
53 |
214 |
| Sep - 06 |
1,525 |
387 |
99.43 |
$ 495,000 |
$ 523,614 |
44 |
773 |
| Jun - 06 |
1,291 |
479 |
100.50 |
$ 510,000 |
$ 522,932 |
34 |
953 |
| Mar - 06 |
964 |
510 |
100.40 |
$ 490,000 |
$ 523,181 |
41 |
825 |
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For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202
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Greetings!
Welcome to Dale Warfel’s July 2007 Newsletter.
First of all some personal news:
We got to take a full week's vacation in South Lake Tahoe in early June. On Wednesday, it got cold enough to snow. Johnny and I had a snowball fight, with Mimi taking photos. Mimi got caught by an errant snowball. We had some wonderful time doing family things (visited Fallen Leaf Lake), lots of swimming, arcades, and, of course, shopping, eating, kicking back! Mimi's brother, Tim, came up from Sacramento and took Johnny fishing. After one trip out without catching a fish, they tried one more time, when Johnny caught 2 trout (in the guaranteed catch pond!). On our last night in Tahoe, Tim watched Johnny while Mimi and I took in a sunset dinner dance cruise aboard the Tahoe Queen. It was a perfect end to a perfect week.
Now for some professional news:
Coming Soon - Real Estate Workshop Series!
Starting in September, we will be holding a series of Real Estate Workshops, where we will be presenting information on all aspects of real estate ownership. Though the information will emphasize the benefits of acquiring real estate for personal use and investments, issues such as estate planning, financing, tax benefits, ways to hold title, and other topics will be presented. The first seminar is scheduled for September 18 in the South San Jose area, with other workshops following in other localities in Santa Clara County. More details will be available in our next newsletter.
Looking for Property? (or What's Happening in My Neighborhood?)
I use a tool called the Home Buyers Marketing Report. It provides up to date information on listing activity in your area or in any area you choose. Search for active listings, properties in escrow, price reductions, and much more. The unique Notebook feature lets you keep notes on any specific properties that interest you. Take a test drive! Go to: http://www.marketingsplash1.com/RequestHBSR.asp?ID=GEYIEYFHLFCJ
Sold!
3492 Sugarcreek Drive, San Jose (Townhome)
3 Bedroom / 2.5 Bathrooms / Approx 1360 Sq. Ft.
We helped Rohit and Pooja to buy their first home. I'm looking forward to their house warming party!
Coming Soon
377 Vale Drive, San Jose (Detached Single Family Home)
4 Bedrooms / 2 Full Bathrooms / Approx. 1410 Sq. Ft.
This beautiful single story home features an updated kitchen and bathrooms, energy efficient dual-pane windows, new carpet, paint, and more.
The list price is TBD.
For Sale:
777 Gregory Street, San Jose (Detached Single Family Home)
2 Bedrooms / 1 Bathroom / 960 Sq. Ft.
|
| • |
New Carpet, Newer Laminate Flooring, Updated Kitchen with new Countertops, New Paint, upstairs has Dual Pane windows |
| • |
Offered at $565,000 |
|
|
This is a charming Willow Glen cottage, close to nature and downtown!
New Price
3594 Payne Avenue, #9, San Jose (Condo)
3 Bedrooms / 2 Bathrooms / 1080 Sq. Ft. |
| • |
Remodeled Kitchen with Maple/Granite Slab Countertops/New Stainless Steel Appliances (Refrigerator, Dishwasher, Smooth Top Range, Built-in Microwave)/CheeryWood Laminate Flooring/Recessed Lighting /Crown Molding |
| • |
Remodeled Baths with Maple/Granite/Toilets/New Flooring |
| • |
New Paint, New Carpet Throughout |
| • |
Offered at: $462,000 |
|
|
Note:
1. Seller will credit buyers 12 months Homeowners Dues for a full price offer.
2. Seller will consider a Lease Option Purchase.
For more info, visit www.3594PayneAve.info or www.circlepix.com (virtual tour).
This property is perfect for 1st time homebuyers. If you know anyone who may be interested in this exceptional property, please let me know.
Thank You
Thank you to Steven Pyle for your referral!
Thank you to Salvador Posada for taking care of my clients while I was on vacation.
As a Silicon Valley native, having lived, worked, shown, listed, and sold homes in practically every corner of Santa Clara County, you can rest assured that my combination of area knowledge, technical background, and negotiation skills will benefit you, whether you are buying or selling your home.
My entire team will provide you the highest level of care you could hope for in your home purchase. We keep you informed every step of the way providing clear and understandable answers to your questions and by providing a detailed Market Analysis on each property, which interests you, prior to suggesting an offering price. We keep you well informed through out the listing and escrow period making the process stress-free.
Remember to check out my website and benefit from the wealth of information: http://dalewarfel.com/
You could also contact me via email at: dale@dalewarfel.com or on the phone at: 408.624.6202
My expertise lies in selling homes in Almaden Valley and Willow Glen. Log on to these two websites to get local news and information, which you can use, for these areas.
http://almadenvalleyhomesforsale.com
http://willowglenhomesforsale.com
Market Update:
The inventory of homes active on the market topped 6,000 listings in May. As I mentioned previously, 5,000 active residential listings has been considered a point at which the market is considered 'Balanced', that is, neither a buyer's or seller's market. For single family homes, the hottest markets include Campbell (83 active/33 closed), Cupertino (74 active/34 closed), Los Altos (44 active/45 closed), Mountain View (33 active/20 closed), and Palo Alto (47 active/58 closed). On the other hand, San Jose (2,685 active/478 sold), Morgan Hill (302 active/30 closed), and Gilroy (426 active/33 closed) show selling trends favoring buyers. In San Jose, properties in communities such as Almaden Valley, Cambrian, and Willow Glen show stronger sales, whereas homes for sale in Alum Rock, and South San Jose are selling much more slowly. |
|
| Market Snapshot - Santa Clara County |
|
|
|
|
| |
Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Jun- 07 |
4,465 |
979 |
100.20 |
$ 867,500 |
$ 1,065,282 |
40 |
1,984 |
| Mar- 07 |
3,345 |
890 |
99.73 |
$ 830,000 |
$ 1,065,798 |
57 |
1,888 |
| Dec - 06 |
2,349 |
825 |
98.30 |
$ 738,000 |
$ 903,208 |
59 |
562 |
| Sep - 06 |
3,926 |
887 |
99.00 |
$ 769,000 |
$ 922,195 |
50 |
2,006 |
| Jun - 06 |
3,793 |
1,192 |
100.17 |
$ 819,950 |
$ 989,891 |
35 |
2,491 |
| Mar - 06 |
2,850 |
1,137 |
100.26 |
$ 760,000 |
$ 942,976 |
42 |
2,075 |
|
|
|
|
| |
Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Jun- 07 |
1,604 |
415 |
100.00 |
$ 539,000 |
$ 574,099 |
36 |
742 |
| Mar- 07 |
1,202 |
416 |
100.00 |
$ 530,000 |
$ 559,760 |
61 |
739 |
| Dec - 06 |
948 |
323 |
99.07 |
$ 505,000 |
$ 522,741 |
53 |
214 |
| Sep - 06 |
1,525 |
387 |
99.43 |
$ 495,000 |
$ 523,614 |
44 |
773 |
| Jun - 06 |
1,291 |
479 |
100.50 |
$ 510,000 |
$ 522,932 |
34 |
953 |
| Mar - 06 |
964 |
510 |
100.40 |
$ 490,000 |
$ 523,181 |
41 |
825 |
|
| |
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202
|
|
|
|
Greetings!
Welcome to Dale Warfel’s June 2007 Newsletter.
First of all some personal news:
Mimi's Mom seems to be feeling better every day since her scare last month. Thanks to all for your thoughts and prayers.
We celebrated Johnny's 4th birthday in May. He seems so grown up for his age. We have been working with him to help him with the 3 R's (Reading, Writing, and Arithmetic) in preparation for him entering kindergarten next year. It's amazing how much he is able to learn/understand.
Just Listed:
777 Gregory Street, San Jose (Detached Single Family Home)
2 Bedrooms / 1 Bathroom / 960 Sq. Ft. |
| • |
New Carpet, Newer Laminate Flooring, Updated Kitchen with new Countertops, New Paint, upstairs has Dual Pane windows |
| • |
Offered at $565,000 |
|
|
This is a charming Willow Glen cottage, close to nature and downtown!
Price Reduced
3594 Payne Avenue, #9, San Jose (Condo)
3 Bedrooms / 2 Bathrooms / 1080 Sq. Ft. |
| • |
Remodeled Kitchen with Maple/Granite Slab Countertops/New Stainless Steel Appliances (Refrigerator, Dishwasher, Smooth Top Range, Built-in Microwave)/CheeryWood Laminate Flooring/Recessed Lighting /Crown Molding |
| • |
Remodeled Baths with Maple/Granite/Toilets/New Flooring |
| • |
New Paint, New Carpet Throughout |
| • |
Offered at: $462,000 |
|
|
For more info, visit www.3594PayneAve.info or www.circlepix.com (virtual tour).
This property is perfect for 1st time homebuyers. If you know anyone who may be interested in this exceptional property, please let me know.
Thanks For Your Referrals
Thank you to Steve Good for your referral!
Do YOU Need A Referral?
As you know, I really believe in the process of referrals, and so part of the service I provide is to be sure to refer my clients and associates to other qualified business people in the community. Following is a sampling of areas in which I know very credible, ethical, and outstanding professionals. If you are looking for a professional in a specific area (whether or not that area is listed below), please feel free to contact me. I will be glad to put you in touch with the people I know who provides these services. |
| • |
Gardeners |
| • |
Landscape Designers |
| • |
Landscapers |
| • |
General Contractors |
| • |
Property Inspectors |
| • |
Roofers |
| • |
Painters (General and Specialty) |
| • |
Electricians |
| • |
Plumbers |
| • |
Carpenters |
| • |
Handymen |
| • |
Floor and Window Coverings |
| • |
Closet Design / Interior Design |
| • |
Lawyers (Estate Planning, Business Law, Contracts, Real Estate, etc) |
| • |
Lenders |
| • |
Title Companies |
| • |
Property Managers |
| • |
Moving and Storage Companies |
| • |
Residential / Commercial Cleaning Services |
| • |
Insurance Agents (Casualty / Life / Long Term Care) |
| • |
Auto Repair |
| • |
Website Design / Web Marketing |
| • |
CPAs |
| • |
Financial Planners |
| • |
Podiatrists |
| • |
Dentists |
| • |
Chiropractors |
| • |
Acupuncturists |
| • |
Massage Therapists |
| • |
Aesthetician |
| • |
Event Planners |
| • |
Success Coaching |
| • |
Business Marketing |
| • |
Nutritional Beverages |
| • |
Printing / Mailing / Advertising Services |
| |
and many others! |
|
|
As a Silicon Valley native, having lived, worked, shown, listed, and sold homes in practically every corner of Santa Clara County, you can rest assured that my combination of area knowledge, technical background, and negotiation skills will benefit you, whether you are buying or selling your home.
My entire team will provide you the highest level of care you could hope for in your home purchase. We keep you informed every step of the way providing clear and understandable answers to your questions and by providing a detailed Market Analysis on each property, which interests you, prior to suggesting an offering price. We keep you well informed through out the listing and escrow period making the process stress-free.
Remember to check out my website and benefit from the wealth of information: http://dalewarfel.com/
You could also contact me via email at: dale@dalewarfel.com or on the phone at: 408.624.6202
My expertise lies in selling homes in Almaden Valley and Willow Glen. Please do visit these two websites to get local news and information, which you can use, for these areas.
http://almadenvalleyhomesforsale.com
http://willowglenhomesforsale.com
Market Update:
The inventory of homes active on the market topped 5,400 listings in May. 5,000 active residential listings has been considered a point at which the market is considered 'Balanced', that is, neither a buyer's or seller's market. For single family homes, communities such as Cupertino (74 active/43 closed), Mountain View (29 active/ 22 closed), Palo Alto (52 active/45 closed) show selling trends favoring sellers. On the other hand, San Jose (2,271 active/431 sold), Morgan Hill (241 active/34 closed), and Gilroy (383 active/16 closed) show selling trends favoring buyers. In San Jose, properties in communities such as Almaden Valley and Willow Glen show stronger sales, where homes for sale in Alum Rock are moving much more slowly. |
| Market Snapshot - Santa Clara County |
|
|
|
|
| |
Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| May- 07 |
3,900 |
886 |
100.40 |
$ 868,406 |
$ 1,099,005 |
46 |
1,918 |
| Mar- 07 |
3,345 |
890 |
99.73 |
$ 830,000 |
$ 1,065,798 |
57 |
1,888 |
| Dec - 06 |
2,349 |
825 |
98.30 |
$ 738,000 |
$ 903,208 |
59 |
562 |
| Sep - 06 |
3,926 |
887 |
99.00 |
$ 769,000 |
$ 922,195 |
50 |
2,006 |
| Jun - 06 |
3,793 |
1,192 |
100.17 |
$ 819,950 |
$ 989,891 |
35 |
2,491 |
| Mar - 06 |
2,850 |
1,137 |
100.26 |
$ 760,000 |
$ 942,976 |
42 |
2,075 |
|
|
|
|
| |
Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| May- 07 |
1,436 |
363 |
100.58 |
$ 550,000 |
$ 573,005 |
44 |
689 |
| Mar- 07 |
1,202 |
416 |
100.00 |
$ 530,000 |
$ 559,760 |
61 |
739 |
| Dec - 06 |
948 |
323 |
99.07 |
$ 505,000 |
$ 522,741 |
53 |
214 |
| Sep - 06 |
1,525 |
387 |
99.43 |
$ 495,000 |
$ 523,614 |
44 |
773 |
| Jun - 06 |
1,291 |
479 |
100.50 |
$ 510,000 |
$ 522,932 |
34 |
953 |
| Mar - 06 |
964 |
510 |
100.40 |
$ 490,000 |
$ 523,181 |
41 |
825 |
|
| |
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202
|
|
|
|
Greetings!
Welcome to Dale Warfel's May 2007 Newsletter.
Happy Mother's Day!
First of all some personal news:
We spent Easter weekend at Mimi's folks in Sacramento. Johnny got to go on an inside-outside Easter egg hunt on Sunday morning. He found lots of eggs with 'treasures' inside! He said that the bunny was very quiet. He didn't hear a thing the night before. Oh, the innocence of the young!
We had a bit of a scare last month with Mimi's mom. She was admitted into the hospital complaining of shortness of breath. The paramedics arrived just in time, as she had stopped breathing. She was revived and spent several days on a breathing machine in Intensive Care before being released a week later to come home. The doctor said this was one of the closest calls he has had. Mimi went up to Sacramento for a few days to help out.
I have started dusting off my tennis racquet as I continue on my quest to improve my physical fitness. I played some doubles a couple of hours last week and singles with one of my neighbors (he's in his 70's). Let's just say that I need some more practice!
Now for some professional news:
Still On The Market:
3594 Payne Avenue, #9, San Jose (Condo)
3 Bedrooms / 2 Bathrooms / 1080 Sq. Ft.
|
| • |
Remodeled Kitchen with Maple/Granite Slab Countertops/New Stainless Steel Appliances (Refrigerator, Dishwasher, Smooth Top Range, Built-in Microwave)/CheeryWood Laminate Flooring/Recessed Lighting /Crown Molding |
| • |
Remodeled Baths with Maple/Granite/Toilets/New Flooring |
| • |
New Paint, New Carpet Throughout |
| • |
Offered at: $472,000 |
|
For more info, visit www.3594PayneAve.info or www.circlepix.com (virtual tour).
This property is perfect for 1st time homebuyers. If you know anyone who may be interested in this exceptional property, please let me know.
Investor Workshop Follow-up:
We held our investor workshop on April 21st. The workshop was attended by both new investors interested in buying their first investment property, and a Keller Williams agent that has an investor client. We also presented attendees with potential investment opportunities that met the cash flow criteria (positive cash flow, that is!). Thank you to Kathleen Sater of Wells Fargo Home Mortgage, and Paul Butters of Farmers Insurance (both fellow members of my Business Network International (BNI) chapter in Los Gatos) for their assistance and sponsorship of the event. Thanks also to Patricia Arceneaux of Keller Williams - Greenville, for her assistance in providing the property lists for the seminar attendees.
Thanks for your referrals
Finally, I would like to express my thanks to Madhu Nimgaonkar, Paul Butters, Rafael Diaz, and Yvonne Olson for their referrals!
As a Silicon Valley native, having lived, worked, shown, listed, and sold homes in practically every corner of Santa Clara County, you can rest assured that my combination of area knowledge, technical background, and negotiation skills will benefit you, whether you are buying or selling your home.
My entire team will provide you the highest level of care you could hope for in your home purchase. We keep you informed every step of the way providing clear and understandable answers to your questions and by providing a detailed Market Analysis on each property, which interests you, prior to suggesting an offering price. We keep you well informed through out the listing and escrow period making the process stress-free.
Remember to check out my website and benefit from the wealth of information: http://dalewarfel.com/
You could also contact me via email at: dale@dalewarfel.com or on the phone at: 408.624.6202
My expertise lies in selling homes in Almaden Valley and Willow Glen. Please do visit these two websites to get local news and information, which you can use, for these areas.
http://almadenvalleyhomesforsale.com
http://willowglenhomesforsale.com
Market Update:
The average Days on the Market (DOM) has begun to shorten, from their peak of 71 days. for both Single Family Homes and Condos/Townhomes, though it is significantly longer that at the same time last year. The median and average sales prices rose again in March, due much in part to the fallout of the sub prime lenders (sales of lower priced homes are most affected by this shift). Banks have tightened up their requirements for borrowers to qualify for 100% financing. Sellers are understanding that the sales process is taking longer, as buyers begin to figure out that properties aren't selling as quickly as as they were last year at this time.
|
| Market Snapshot - Santa Clara County |
|
|
|
|
| |
Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Mar- 07 |
3,345 |
890 |
99.73 |
$ 830,000 |
$ 1,065,798 |
57 |
1,888 |
| Dec - 06 |
2,349 |
825 |
98.30 |
$ 738,000 |
$ 903,208 |
59 |
562 |
| Sep - 06 |
3,926 |
887 |
99.00 |
$ 769,000 |
$ 922,195 |
50 |
2,006 |
| Jun - 06 |
3,793 |
1,192 |
100.17 |
$ 819,950 |
$ 989,891 |
35 |
2,491 |
| Mar - 06 |
2,850 |
1,137 |
100.26 |
$ 760,000 |
$ 942,976 |
42 |
2,075 |
|
|
|
|
| |
Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Mar- 07 |
1,202 |
416 |
100.00 |
$ 530,000 |
$ 559,760 |
61 |
739 |
| Dec - 06 |
948 |
323 |
99.07 |
$ 505,000 |
$ 522,741 |
53 |
214 |
| Sep - 06 |
1,525 |
387 |
99.43 |
$ 495,000 |
$ 523,614 |
44 |
773 |
| Jun - 06 |
1,291 |
479 |
100.50 |
$ 510,000 |
$ 522,932 |
34 |
953 |
| Mar - 06 |
964 |
510 |
100.40 |
$ 490,000 |
$ 523,181 |
41 |
825 |
|
| |
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202
|
|
|
Greetings!
Welcome to Dale Warfel’s April 2007 Newsletter.
First of all some personal news:
I had the pleasure of volunteering some time on a Habitat For Humanity project in downtown San Jose. I spent the better part of a day patching drywall on a 3 bedroom 2 bath home. The ribbon cutting for the project is scheduled for May 5, and will house a family with several special needs children.
Now for some professional news:
This is some information about a property that has just been listed:
3594 Payne Avenue, #9, San Jose (Condo)
3 Bedrooms / 2 Bathrooms / 1080 Sq. Ft.
|
| • |
Remodeled Kitchen with Maple/Granite Slab Countertops/New Stainless Steel Appliances (Refrigerator, Dishwasher, Smooth Top Range, Built-in Microwave)/Wood Laminate Flooring/Recessed Lighting |
| • |
Remodeled Baths with Maple/Granite/Toilets/New Flooring |
| • |
New Paint, New Carpet Throughout |
| • |
Est. List Price: $472,000 |
|
For more info, visit www.3594PayneAve.info or www.circlepix.com (virtual tour).
Investor Workshop:
I will be hosting the Millionaire Real Estate Investor workshop in April. The workshop and seminar will review property selection criteria, minimizing risk, creating your team, property 'flipping', wealth building strategies with real estate, and much more.
Date: Saturday, April 21, 2007
Time: 11:00 am - 1:00 pm
Fee: $25. This includes a free copy of the book Millionaire Real Estate Investor by Gary Keller, co-founder of Keller Williams Realty.
Lunch will be provided.
Space is limited, so please e-mail me at dale@dalewarfel.com to RSVP. You could also contact me on the phone at 408.624.6202 for location and other details on the workshop.
Finally, I would like to express my thanks to Sandra Wales, Rafael Diaz and John Kornitsky for their referrals.
As a Silicon Valley native, having lived, worked, shown, listed, and sold homes in practically every corner of Santa Clara County, you can rest assured that my combination of area knowledge, technical background, and negotiation skills will benefit you, whether you are buying or selling your home.
My entire team will provide you the highest level of care you could hope for in your home purchase. We keep you informed every step of the way providing clear and understandable answers to your questions and by providing a detailed Market Analysis on each property, which interests you, prior to suggesting an offering price. We keep you well informed through out the listing and escrow period making the process stress-free.
Remember to check out my website and benefit from the wealth of information: http://dalewarfel.com/
You could also contact me via email at: dale@dalewarfel.com or on the phone at: 408.624.6202
My expertise lies in selling homes in Almaden Valley and Willow Glen. Please do visit these two websites to get local news and information, which you can use, for these areas.
http://almadenvalleyhomesforsale.com
http://willowglenhomesforsale.com
Market Update:
In February, Sales of both single family homes and condos/townhomes showed an increase average sales prices and, for single family homes, a healty increase in the median sale price. Days on the market held steady for single family homes, but increased to 72 days for condos and townhomes. It is too soon to tell the total impact to housing sales from the crackdown on sub-prime lenders, but the immediate impact seems to be in the lower in areas such as Alum Rock and parts of Evergreen, where property sales have slowed considerably.
Buyers have an increasing selection of homes to choose from, and sellers are eventually getting their price, so all parties seem to be happy in the end. |
| |
| Market Snapshot - Santa Clara County |
|
|
|
|
| |
Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Feb-07 |
2,904 |
661 |
100.00 |
$ 790,000 |
$ 971,443 |
71 |
1,369 |
| Jan-07 |
2,648 |
611 |
98.34 |
$ 740,000 |
$ 952,098 |
71 |
1,355 |
| Dec - 06 |
2,349 |
825 |
98.30 |
$ 738,000 |
$ 903,208 |
59 |
562 |
| Sep - 06 |
3,926 |
887 |
99.00 |
$ 769,000 |
$ 922,195 |
50 |
2,006 |
| Jun - 06 |
3,793 |
1,192 |
100.17 |
$ 819,950 |
$ 989,891 |
35 |
2,491 |
| Dec - 05 |
1,958 |
970 |
98.98 |
$ 734,950 |
$ 881,718 |
35 |
705 |
| Jun - 05 |
2,654 |
1,623 |
100.95 |
$ 760,000 |
$ 926,348 |
17 |
1,743 |
|
|
|
|
| |
Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Feb-07 |
1,070 |
327 |
100.00 |
$ 505,000 |
$ 539,725 |
72 |
522 |
| Jan-07 |
1,023 |
273 |
99.00 |
$ 518,880 |
$ 535,794 |
62 |
557 |
| Dec - 06 |
948 |
323 |
99.07 |
$ 505,000 |
$ 522,741 |
53 |
214 |
| Sep - 06 |
1,525 |
387 |
99.43 |
$ 495,000 |
$ 523,614 |
44 |
773 |
| Jun - 06 |
1,291 |
479 |
100.50 |
$ 510,000 |
$ 522,932 |
34 |
953 |
| Dec - 05 |
707 |
423 |
100.25 |
$ 492,000 |
$ 514,549 |
36 |
312 |
| Jun - 05 |
760 |
673 |
103.79 |
$ 489,000 |
$ 506,697 |
14 |
683 |
|
| |
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202
|
|
|
Greetings!
Welcome to Dale Warfel’s March 2007 Newsletter.
First of all some professional news:
This is some information about a property that is coming up for sale soon:
3594 Payne Avenue, #9, San Jose (Condo)
3 Bedrooms / 2 Bathrooms / 1080 Sq. Ft.
|
| • |
Remodeled Kitchen with Maple/Granite Slab Countertops/New Stainless Steel Appliances (Refrigerator, Dishwasher, Smooth Top Range, Built-in Microwave)/Wood Laminate Flooring/Recessed Lighting |
| • |
Remodeled Baths with Maple/Granite/Toilets/New Flooring |
| • |
New Paint, New Carpet Throughout |
| • |
Est. List Price: $475,000 |
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Investor Workshop:
I will be hosting the Millionaire Real Estate Investor workshop in April. The workshop and seminar will review property selection criteria, minimizing risk, creating your team, property 'flipping', wealth building strategies with real estate, and much more.
Date: Saturday, April 21, 2007
Time: 11:00 am - 1:00 pm
Fee: $25. This includes a free copy of the book Millionaire Real Estate Investor by Gary Keller, co-founder of Keller Williams Realty.
Lunch will be provided.
Space is limited, so please e-mail me at dale@dalewarfel.com to RSVP.
Finally, I would like to express my thanks to B.Y. Quek and Jeff Masnaghetti for their referrals.
As a Silicon Valley native, having lived, worked, shown, listed, and sold homes in practically every corner of Santa Clara County, you can rest assured that my combination of area knowledge, technical background, and negotiation skills will benefit you, whether you are buying or selling your home.
My entire team will provide you the highest level of care you could hope for in your home purchase. We keep you informed every step of the way providing clear and understandable answers to your questions and by providing a detailed Market Analysis on each property, which interests you, prior to suggesting an offering price. We keep you well informed through out the listing and escrow period making the process stress-free.
Remember to check out my website and benefit from the wealth of information: http://dalewarfel.com/
You could also contact me via email at: dale@dalewarfel.com or on the phone at: 408.624.6202
My expertise lies in selling homes in Almaden Valley and Willow Glen. Please do visit these two websites to get local news and information, which you can use, for these areas.
http://almadenvalleyhomesforsale.com
http://willowglenhomesforsale.com
Market Update:
Single Family Homes
In January, the inventory of homes in Santa Clara County increased by almost 300 homes, while the number of new listings more than doubled. The median price showed a slight increase, whereas the average sale price increased by almost $50,000, indicating that more number of higher priced homes sold in January. The increasing inventory of homes on the market is expected to continue through the spring. The average Days on the Market (DOM) jumped to 71 days, buoyed by the communities of Gilroy (111 Days), Los Gatos (105 Days), Morgan Hill (123 Days) and San Martin (154 Days). The fastest moving market for Single Family Homes was Mountain View (33 Days).
Condominiums and Town homes
Similar trends in inventory have occurred with condos and town homes as well. Both the median and average prices increased by over $13,000 from December, but the average DOM increased to 62 Days.
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202
National Real Estate News:
Mortgage Rates Remain at 3-Month Lows
A lack of definitive economic data helped keep mortgage rates at the lowest point since mid-December, Bankrate.com reports.
Mortgage rates declined for the fourth time in the past five weeks, with the average 30-year fixed mortgage rate dropping to 6.19 percent. According to Bankrate.com’s weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.3 discount and origination points.
The average 15-year fixed rate mortgage, popular for refinancing, was unchanged at 5.95 percent. On larger loans, the average jumbo 30-year fixed rate inched higher to 6.42 percent. Adjustable rate mortgages were mixed, with the average 5/1 ARM moving up to 6.04 percent and the average one-year ARM sliding to 5.94 percent.
Mortgage rates remained low on evidence of slower economic growth. Last week, the fourth quarter Gross Domestic Product was revised sharply lower. This week, both productivity and factory orders came in lower than forecast. Although a survey of the manufacturing sector was stronger than expected, the larger services sector slowed notably. The prospects for slower economic growth helps buoy demand for Treasury securities, pushing bond prices higher and yields lower. Mortgage rates are closely related to yields on long-term government bonds.
Fixed mortgage rates are notably lower than last summer when the Fed last raised interest rates. At the time, the average 30-year fixed mortgage rate peaked at 6.93 percent, and a $165,000 loan carried a monthly payment of $1,090.00. With the average 30-year fixed rate now 6.19 percent, the same loan originated today would carry a monthly payment of $1,009.50. Fixed mortgage rates are a refinancing alternative for adjustable rate borrowers facing sharp payment adjustments.
Courtesy: Bankrate.com
Log on to the website http://dalewarfel.com to read more Real Estate News. |
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| Market Snapshot - Santa Clara County |
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Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Jan-07 |
2,648 |
611 |
98.34 |
$ 740,000 |
$ 952,098 |
71 |
1,355 |
| Dec - 06 |
2,349 |
825 |
98.30 |
$ 738,000 |
$ 903,208 |
59 |
562 |
| Sep - 06 |
3,926 |
887 |
99.00 |
$ 769,000 |
$ 922,195 |
50 |
2,006 |
| Jun - 06 |
3,793 |
1,192 |
100.17 |
$ 819,950 |
$ 989,891 |
35 |
2,491 |
| Dec - 05 |
1,958 |
970 |
98.98 |
$ 734,950 |
$ 881,718 |
35 |
705 |
| Jun - 05 |
2,654 |
1,623 |
100.95 |
$ 760,000 |
$ 926,348 |
17 |
1,743 |
|
|
|
|
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Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Jan-07 |
1,023 |
273 |
99.00 |
$ 518,880 |
$ 535,794 |
62 |
557 |
| Dec - 06 |
948 |
323 |
99.07 |
$ 505,000 |
$ 522,741 |
53 |
214 |
| Sep - 06 |
1,525 |
387 |
99.43 |
$ 495,000 |
$ 523,614 |
44 |
773 |
| Jun - 06 |
1,291 |
479 |
100.50 |
$ 510,000 |
$ 522,932 |
34 |
953 |
| Dec - 05 |
707 |
423 |
100.25 |
$ 492,000 |
$ 514,549 |
36 |
312 |
| Jun - 05 |
760 |
673 |
103.79 |
$ 489,000 |
$ 506,697 |
14 |
683 |
|
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For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202
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Greetings!
Welcome to Dale Warfel's February 2007 Newsletter.
Wish you all a Happy Valentine Month!
First of all some professional news:
Here is some information on a property I just sold:
308 Bodega Way, San Jose
4 Bedrooms / 2 Bathrooms / 2017 Sq. Ft.
Sold for $734,950 in 27 Days
This is some information about a property that is coming up for sale soon:
3594 Payne Avenue, #9, San Jose (Condo)
3 Bedrooms / 2 Bathrooms / 1080 Sq. Ft. |
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Remodeled Kitchen with Maple/Granite/New Stainless Steel Appliances (Refrigerator, Dishwasher, Smooth Top Range, Built-in Microwave)/Wood Laminate Flooring/Recessed Lighting |
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Remodeled Baths with Maple/Granite/New Vinyl |
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New Paint, New Carpet |
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Listing Price TBD. (to-be-decided) |
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As a Silicon Valley native, having lived, worked, shown, listed, and sold homes in practically every corner of Santa Clara County, you can rest assured that my combination of area knowledge, technical background, and negotiation skills will benefit you, whether you are buying or selling your home.
My entire team will provide you the highest level of care you could hope for in your home purchase. We keep you informed every step of the way providing clear and understandable answers to your questions and by providing a detailed Market Analysis on each property, which interests you, prior to suggesting an offering price. We keep you well informed through out the listing and escrow period making the process stress-free.
Remember to check out my website and benefit from the wealth of information: http://dalewarfel.com/
You could also contact me via email at: dale@dalewarfel.com or on the phone at: 408.624.6202
My expertise lies in selling homes in Almaden Valley and Willow Glen. Please do visit these two websites to get local news and information, which you can use, for these areas.
http://almadenvalleyhomesforsale.com
http://willowglenhomesforsale.com
Market Update:
Single Family Homes
Inventory of homes on the market in Santa Clara dropped by almost 1,300 homes from September to December reflecting the typical seasonal adjustments in the market. In December, the median price of single family homes sold in Santa Clara County had dropped $31,000 From September, while Days on the Market (DOM) continues to rise. Early indications for 2007 indicate that inventory of homes on the market is rising once again, up approximately 10% since the end of December.
Condominiums and Town homes
Similar trends in inventory have occurred with condos and town homes as well. The median price has shown considerable stability over the last 18 months, while the average DOM reaches 53 Days.
Interest Rates have remained favorable for buyers, but recent economic news has shook the bond market, leading to the potential of rising loan interest rates, as the economy is showing indicators for growth. Retail sales, and both existing and new home sales were stronger than expected and this led to the continued perception that the Fed is not going to lower rates any time soon. More key economic reports will be released over the next week, which will help to give a more complete picture of the health of the economy. Stay tuned!
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202
Testimonials
"Dale and his entire team provided the highest level of care we could have hoped for in our home purchase. Dale kept us informed every step of the way, provided clear and understandable answers to our questions, and provided a detailed market analysis on each property which interested us, prior to suggesting an offering price. We had a clear vision of the home we wanted, and he was tireless on our many home tours. We were kept up-to-date with the status of our escrow, making the process stress-free and fun. Dale has been a great communicator, well beyond the close of escrow, making sure that everything was running smoothly as we moved into what is now our new home. We would recommend Dale to anyone thinking of buying or selling their home." |
| - D. and K. M. |
| Log on to the website http://dalewarfel.com/ to read more about what satisfied customers have to say. |
| Market Snapshot - Santa Clara County |
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|
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Inventory |
No. of Closed Sales |
% LP Rec'd |
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Dec - 06 |
2,349 |
825 |
98.30 |
$ 738,000 |
$ 903,208 |
59 |
562 |
| Sep - 06 |
3,926 |
887 |
99.00 |
$ 769,000 |
$ 922,195 |
50 |
2,006 |
| Jun - 06 |
3,793 |
1,192 |
100.17 |
$ 819,950 |
$ 989,891 |
35 |
2,491 |
| Dec - 05 |
1,958 |
970 |
98.98 |
$ 734,950 |
$ 881,718 |
35 |
705 |
| Jun - 05 |
2,654 |
1,623 |
100.95 |
$ 760,000 |
$ 926,348 |
17 |
1,743 |
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|
|
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Inventory |
No. of Closed Sales |
% LP Rec'd
|
Med. Price |
Avg. Price |
Avg. DOM |
New Listings |
| Dec - 06 |
948 |
323 |
99.07 |
$ 505,000 |
$ 522,741 |
53 |
214 |
| Sep - 06 |
1,525 |
387 |
99.43 |
$ 495,000 |
$ 523,614 |
44 |
773 |
| Jun - 06 |
1,291 |
479 |
100.50 |
$ 510,000 |
$ 522,932 |
34 |
953 |
| Dec - 05 |
707 |
423 |
100.25 |
$ 492,000 |
$ 514,549 |
36 |
312 |
| Jun - 05 |
760 |
673 |
103.79 |
$ 489,000 |
$ 506,697 |
14 |
683 |
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202 |
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Greetings!
Welcome to Dale Warfel's January 2007 Newsletter.
Wish you all a Happy, Healthy and a Wonderful New Year!
Consumer Confidence Kicks Off High in 2007
Consumers are greeting the New Year with a lot more confidence than they’ve had in months, which could be good news for the housing market.
The RBC Cash Index, created by the international polling firm Ipsos, showed U.S. consumer confidence at 95.3 in January. That was up from 86.9 in December and was at its highest since February of 2006.
The "expectations" index soared to 83.8 in January from 55 in December. This reading was at its highest in more than two years.
Consumers continue to feel particularly good about the job market. The January reading came in at 126.3, virtually unchanged from December's 126.5, the highest on record.
"A lot of the fears people had about the economy seem to be dissipating — fears about inflation and soaring gas prices. Fears about higher interest rates and the housing bust," says Mark Vitner, an economist at Wachovia Corp.
Courtesy: http://www.realtor.org
As a Silicon Valley native, having lived, worked, shown, listed, and sold homes in practically every corner of Santa Clara County, you can rest assured that my combination of area knowledge, technical background, and negotiation skills will benefit you, whether you are buying or selling your home.
My entire team will provide you the highest level of care you could hope for in your home purchase. We keep you informed every step of the way providing clear and understandable answers to your questions and by providing a detailed Market Analysis on each property, which interests you, prior to suggesting an offering price. We keep you well informed through out the listing and escrow period making the process stress-free.
Remember to check out my website and benefit from the wealth of information: http://dalewarfel.com/
You could also contact me via email at: dale@dalewarfel.com or on the phone at: 408.624.6202
My expertise lies in selling homes in Almaden Valley and Willow Glen. Please do visit these two websites to get local news and information, which you can use, for these areas.
http://almadenvalleyhomesforsale.com
http://willowglenhomesforsale.com
Home Sales to Rise Gradually into 2008
After bottoming in the fourth quarter of 2006, existing-home sales are forecast to gradually rise through 2007 and into 2008, while new-home sales should turn around by summer, according to the latest forecast by the NATIONAL ASSOCIATION OF REALTORS®.
“Keep in mind that we were still in boom conditions during the first quarter of 2006 with a high sales volume and double-digit price appreciation,” Lereah said. “We are starting 2007 from a relatively low point, so even with a gradual improvement in sales it’ll be pretty much of a wash in terms of annual totals.”
The good news, he says, is that a steady improvement in sales will support price appreciation moving forward.
Existing-home sales for 2006 are expected to come in at 6.50 million, the third highest on record, with a total of 6.42 million seen in 2007. New-home sales in 2006 should tally 1.06 million, the fourth highest on record, with 957,000 projected this year.
The 30-year fixed-rate mortgage will probably rise to 6.7 percent by the fourth quarter of 2007. Last week, Freddie Mac reported the 30-year fixed rate at 6.18 percent, far below earlier consensus forecasts. “The current interest rate environment and housing inventory levels present a window of opportunity for potential buyers,” Lereah says.
“With all the wild projections by academics, Wall Street analysts, and others in the media, it appears that much of the housing sector is experiencing a soft landing,” Lereah says. “Despite the doomsayers, household wealth will not evaporate and the economy will not go into a recession. If you're in it for the long haul, housing is a sound investment.”
Courtesy: http://www.realtor.org/
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202
Testimonials
Through Dale's effective marketing and negotiation, our home sold in only 9 days and for almost 5% over the asking price! Dale kept us well informed through out the listing and escrow period. Needless to say, we are very pleased with his services and would highly recommend him. |
| - M. and N. B. |
Log on to the website http://dalewarfel.com/ to read more about what satisfied customers have to say.
What's Hot and What's Not in Home Design
A nationwide survey of 923 real estate professionals by Mark Nash, real estate author of 1,001 Tips for Buying and Selling a Home (Thomson/South-Western, 2004), includes a list of home features that are popular among buyers.
For example, practitioners surveyed reported that the inability to keep stainless steel appliances, glass-front cabinets, and vessel-style sinks clean has caused them to fall out of favor with buyers. Also, spiral staircases have become less popular, particularly among buyers with young children.
According to the survey, here is what home buyers want in 2007: |
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Glass tile. When retooling the bathroom or the kitchen, trendy remodelers choose glass tile over ceramic because of its reflective qualities. |
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Engineered stone compounds. Engineered stone compound is this year’s kitchen must-have and best of all it’s less expensive than granite. |
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Wrought iron. Make the back yard look classy with a wrought-iron fence. |
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Colorful trim. When repainting trim around shutters, doors, and window frames, go for bright and bold. |
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His-and-her home offices. Complete with fiber-optic cables for Internet connectivity. |
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Extra storage space. This extra space, buyers prefer in the form of linen closets, pantries, and luggage rooms. |
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Courtesy: www.realtor.org
For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: dale@dalewarfel.com or on the phone: 408.624.6202 |
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