June 2010 Silicon Valley Real Estate Update

The State of the Market. Up? Down?

Is the real estate market slowing down now that higher interest rates are here?

You may have seen the latest home sales and prices and wondered - what is going on in my neighborhood? Are we up? Are we down?  We compile this information using MLS data and document it in a easy to view format. 

Here's the snapshot for the Willow Glen area of San Jose.  If you would like the same type of information for your neighborhood - just let me know - and I'll get it to you right away!

Current real estate market statistics (single family homes) for the Willow Glen area of San Jose, CA:

For Sale in Willow Glen

  • Number of homes listed for sale:  213
  • Lowest list price:  $295,000
  • Highest list price:  $2,895,000
  • Number of REO banked-owned homes:  10
  • Number of Short Sale homes:  28

Sold in Willow Glen

  • Number of homes pending sale:  116
  • Number of homes sold in last 30 days:  48
  • Lowest sale price in last 30 days:  $245,000
  • Highest sale price in last 30 days:  $1,850,000
  • Median sale price in last 30 days: $717,500

Here are the real estate trends for Willow Glen:


Are you a "Fan" of Saving Money?

Ceiling FanHow did homes used to stay cool? Ceiling fans.

Today, ceiling fans have become an important “energy-efficient” addition to your home. All year round, they are spinning comfort.

In the Summer:

Set your ceiling fan to spin counter-clockwise. This “wind chill” effect cools a room by several degrees. Also, air blowing over the body increases evaporation of skin perspiration and makes us feel cooler.

In the Winter:

Set your ceiling fan to spin clockwise. This draws the cold air up and pushes the warm ceiling air back down to the lower areas of the room. This can also help reduce condensation on windows.

Installing ceiling fans just makes good sense. You can save up to 40% in the summer and 10% in the winter, on your energy bills. According to statistics, they cost about 1 cent an hour to run.

Ceiling fans come in a wide variety and can be used in every room of your home – even outside rooms such as verandahs and sun porches.

What You Need to Know About Home Inspections - Whether You're Selling or Not

According to home inspectors, there are up to 100 physical items that come under scrutiny during a home inspection.

Whether you own an older home or a brand new one, there are a number of things that can fall short of requirements during a home inspection. If not identified and dealt with, any of these items could cost you dearly in terms of a sale that fails to complete! That's why it's critical that you know what they are. If you wait until the building inspector flags these issues, you will almost certainly experience costly delays in the close of your home sale, or worse, turn prospective buyers away altogether.

In most cases, you can make a reasonable pre-inspection yourself if you know what you're looking for. And knowing what you're looking for can help you prevent little problems from growing into costly and unmanageable ones.

To help home sellers deal with passing a home inspection, I provide this extensive list of items as part of my marketing plan for you to review to ensure a home inspection doesn’t cost you the sale of your home.

Contact Information

Photo of The Dawn Thomas Team, Inc. Real Estate
The Dawn Thomas Team, Inc.
Intero Real Estate Services
496 First Street, Suite 200
Los Altos CA 94022
650-947-4661
650-947-4661
Fax: 650-887-2183

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