Single Story For Rent/Lease in Golden Triangle, Saratoga

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•  1498 sqft , 2 bath , 4 bdrm single story FOR RENT  4600 USD . Campbell Schools 1Y

Great Location: Easy access to schools and high-Techs and shopping centers. Apple, Google, Ebay, Netflix etc. Close to 85, 280, 17. Close to Westgate Mall.

Tenants Responsible for: H2O, PG&E, Cable/Internet/Home phone, trash (gardening is provided)
No pets allowed, No smokers, Section 8 sorry. Prefer professional families 1 year. Applicants needing-pay stubs, rental references, credit rpt+ app fee
Deposit ($5000)+ Rent monthly ($4600).
Owner gives preference family and professionals.

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Apartment For Rent/Lease in Lynbrook, San Jose


remodeled throughout

• 

apartment

FOR RENT 

5000 USD .

2 story remodeled home -Lynbrook High
1Y

This is a large two story home off Blaney and rainbow. 3 br, 3 bathS, 1929 sf (1400+529 sf) on a quiet street.
Brand new kitchen, baths.
Needless to say people are here to send their children to top schools:

SCHOOLS:
Meyerholz, Joaquin Miller Middle, and Lynbrook High Schools.

RENT:
$5000, deposit $5000. No smokers, abs NO PETS, no section 8 or sublease. 1 year lease.

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SINGLESTOR For Sale in Willow Glen, San Jose

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singlestor

FOR SALE 

538000 USD .

Willow Glen Gardens- two bed rooms, two baths. 1224 sf ft first floor near TENNIS COURT. Indoor laundry, remodeled interior. Forced hot air, and water heater inside.
Central A/C. Fire place with gas starter.

HOA: $418 covers-trash, club use, swimming pool, gym, tennis court, exterior maintenance.

Property information

SINGLESTOR For Rent/Lease in North Valley, San Jose


modern 2 story, upstairs laundry provided

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singlestor

FOR RENT 

3390 USD .

just 11 year old modern 2 story
1Y

Two story modern home in a quiet residential neighborhood near King and Berryessa.
3 br, 2.5 bath, only 11 year old, home is in move-in-condition, provide: Frig, Micro, washer, drier, water softener
No PETS-Smokers-SUB-Lease, No section 8, 1 year min,
Needing application, credit rpts, copy of pay stubs. AVAILABLE Feb 1 ish.

Property information

Silicon Valley Home prices- June 2016

                                   Sam Shueh

                                                                         Realty One Group

                                                                          Silicon Valley, CA

July 2016

We have a robust real estate market in Silicon Valley near high tech job center. This area encompass much of  Cupertino school district map covering 94087, 95014, 95129 zip codes. The homes are close to high technology job centers and public schools are exceptionally good. Many “spelling bees” on TV and high school science fare finalists live here.  The homes are mostly tract-type built between 1950-1960s. Some older homes have been demolished and rebuilt as contemporary homes.

                                        Approx. boundary of  West San Jose neighborhoods

   Single Family homes: 3 br+, 2 bath+ (1300-2000 sf) 

                   Total listings homes = 85

              Inventory: 0.8 month (2.5 month is healthy)

                              unemployment rate=3.1%

            Sold/Asked=106.4% was 116.7% (2015 vs 2014).

                              Marketing time=14 days                          

  $1.716 M (Apr-June 2016)   $1.657 M (1 yr ago) +3.5%

  $1,050/sf                                  $1,021sf                     +2.8%

Since 2014 the teens (+16.2% and +15.6% price increase) enjoyed during 2013 through 2015 have come to a crawl. Prior to 2013 it was +21.2% price increase. The home price appreciation rate is slower than overall San Jose City prices in reference 1 below and prior quarter summary.

Consider this, if one wants a “typical” home at $1.7M with 20% down payment at 3.75% mortgage interest the monthly PITI is over $8,500. The minimum required annual income for the 80% mortgage is over $221,000. That does not include car payment, credit cards payments or any other loans. Applicants need to have $340,000 savings in the bank for the down payment. It is hardly attainable even with a dual income family. Most new residents manage such life style.

Cupertino School home avg prices

                           Historical  avg. sold home prices near Cupertino School district

We are having a fantastic real estate boom since last quarter of 2011. It has been over 5.5 years. After this summer, if the local economy can not support the momentum required, the home prices can stall or slide slightly.

This may not be a bad thing as the neighborhood home prices are overheated too long. $1,050 per square feet is a very challenging level. Below shows the historical real estate market momentum using 1 year moving average. Note that it has tapered off somewaht since 2014 third quarter. If interest rate or employment changes we can expect it go lower affecting home value. Apple is moving its campus II to east part of the neighborhoods and any hiring or lack of work can impact this market. There are many high tech firms. Apple is the largest employer in the area. Some companies are doing better than others.

SJ Real Estate Momentum

                                          San Jose City real estate historical momentum

Sold vs listed ratio

                                             Historical sold vs asked home price ratio

SOURCE:

San Jose, CA June Home Prices (June 2016 San Jose Home prices)

Silicon Valley West side homes (2016 quarter 1 West side Silicon Valley home)

Shueh, Sam     (Sam Shueh Blogs)

Shueh, Sam     (Sam Shueh Realtor website)


 Sam Shueh

I‘ve called San Francisco South Bay home for over 30 years. We love this area and all it has to offer, and I enjoy sharing what I know about homes.  I documented in several books about Silicon Valley history. I have much expertise in real estate…please give me a call. ( Four-O-Eight)  425-1601  Sam Shueh Realtor website