Campbell Active Real Estate Listings Anemic and Sales Skyrocketed in March

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The number of active single family homes in Campbell is 11. This number has been reducing since October 2013!!  The price range for active homes is $720,000-$3,500,000. The median price is $985,000. The number of pending sales in March were 19. The listing price range for the pending sales is $699,000-$1,819,000. The number of closed […]       [Read More]

untitledThe number of active single family homes in Campbell is 11. This number has been reducing since October 2013!!  The price range for active homes is $720,000-$3,500,000. The median price is $985,000.

The number of pending sales in March were 19. The listing price range for the pending sales is $699,000-$1,819,000.

The number of closed sales in March was 26.  This was a 236% increase over last month.  WOW!!! Impressive.

The number of townhomes/condos on the market is 7, with 11 pending sales and 12 closed sales in March.

As of April 3rd, active listings in Santa Clara County are 1064, of that the single family homes were 822 and condos/townhomes were 242. This is about a 5% increase over last month. When you consider we have 1.8 million people in Santa Clara County, the inventory is considerably lower than needed. Hence, it is a seller’s market.

The number of homes and townhome/condos that went into contract in March was 1403. It is made up of 1001 single family homes and 402 condos/ townhomes. We are seeing the pending sales rise as our active inventory is going up. The pending sales are up 10% over last year and way up 25% from last month.

The number of closed sales in March was 1081 (745 were single family homes and 336 were condo/ townhomes). The closed sales are up a whopping 43% over last month. Again due to inventory coming to market.   What does this mean to you? If you are a buyer, you need to be prepared and have a knowledgeable Realtor to guide you. As a seller, you can reap the rewards of this terrific market but you will need to still watch your list price and get proper guidance on how market your home.

Pat Chadwell, Broker
Realty World-Residential Specialists
www.patchadwell.com

30 yrs experience helping people make moves.

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Almaden Valley Real Estate is on Fire!!

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Almaden Valley is on fire!!  There were 38 closed sales in March. That is a 137% increase over February. The number of active homes is 34 as of 4/3/14. The price range of available homes is from $588,800-$3,498,888. The median price is $1,099,000. Pending sales is another shining star – up 46% over last month! […]       [Read More]

imagesAlmaden Valley is on fire!!  There were 38 closed sales in March. That is a 137% increase over February.

The number of active homes is 34 as of 4/3/14. The price range of available homes is from $588,800-$3,498,888. The median price is $1,099,000.

Pending sales is another shining star – up 46% over last month! There were 47 pending properties in March. The price range of pending sale is $763,000-$2,995,000.

While single family homes make up the bulk of the inventory in Almaden Valley, there is 3 active townhome/condo, 3 pending and 5 closed in this last month.

As of April 3rd, active listings in Santa Clara County are 1064, of that the single family homes were 822 and condos/townhomes were 242. This is about a 5% increase over last month. When you consider we have 1.8 million people in Santa Clara County, the inventory is considerably lower than needed. Hence, it is a seller’s market.

The number of homes and townhome/condos that went into contract in March was 1403. It is made up of 1001 single family homes and 402 condos/ townhomes. We are seeing the pending sales rise as our active inventory is going up. The pending sales are up 10% over last year and way up 25% from last month.

The number of closed sales in March was 1081 (745 were single family homes and 336 were condo/ townhomes). The closed sales are up a whopping 43% over last month. Again due to inventory coming to market.   What does this mean to you? If you are a buyer, you need to be prepared and have a knowledgeable Realtor to guide you. As a seller, you can reap the rewards of this terrific market but you will need to still watch your list price and get proper guidance on how market your home.

Pat Chadwell, Broker
Realty World – Residential Specialists
www.patchadwell.com

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Historical View of Santa Clara County Home Sales for January 31 from 2008-2014

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To get some perspective on our historical sales for Santa Clara County – Santa Clara County Date # Active (SFR) # Pending (SFR) #   Closed (SFR) # Active (Class 2) # Pending (Class   2) #   Closed (Class 2) Active Total Pending Total Closed Total 1/31/08 4337 558 332 1484 178 132 5821 […]       [Read More]

To get some perspective on our historical sales for Santa Clara County -

Santa Clara County
Date # Active (SFR) # Pending (SFR) #   Closed (SFR) # Active (Class 2) # Pending (Class   2) #   Closed (Class 2) Active Total Pending Total Closed Total
1/31/08 4337 558 332 1484 178 132 5821 736 464
1/31/09 4044 968 546 1511 321 141 5555 1289 687
1/31/10 1813 1030 566 749 382 219 2562 1412 785
1/31/11 2283 1124 626 1113 516 213 3396 1640 839
1/31/12 1482 1020 612 525 459 227 2007 1479 839
1/31/13 634 654 538 162 305 224 796 959 762
1/31/14 647 628 493 219 300 224 866 928 717

With the inventory low, prices are sure to rise. 

Whether you are a buyer or a seller, it is important to utilize an experienced Realtor to understand the fine points. 

Pat Chadwell, Broker
www.patchadwell.com
408-927-6565 X 11 

 

Retirement Gypsies, Idaho

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Many retirees have fled California for the “potato” state of Idaho. As I had discussed previously, the government of the District of Columbia publishes a study comparing the total tax ramifications for the largest city in each state. They take into account such items as: state tax, sales tax, gas tax, tobacco tax, income taxes and property […]       [Read More]

Many retirees have fled California for the “potato” state of Idaho. As I had discussed previously, the government of the District of Columbia publishes a study comparing the total tax ramifications for the largest city in each state. They take into account such items as: state tax, sales tax, gas tax, tobacco tax, income taxes and property tax. It then ranks each state by the highest overall taxes paid to the least. On page 18 of the 2011 study, the estimated percentage burden, of major taxes, for a hypothetical family of three making $75,000, was 8.8% in Boise, Idaho. To give you a comparison, the highest city and State was Bridgeport, Connecticut with a total tax burden for the same family at 21.5%. The lowest was Cheyenne, Wyoming at 3.1%. This placed Boise, Idaho at the 31st highest tax burden state. Not bad.

Idaho does have income, sales/use tax and property taxes. Generally, all income received by an Idaho resident, regardless of the source, is subject to Idaho income tax.  Idaho does not tax social security benefits, benefits paid by the Railroad Retirement Board or Canadian social security benefits (OAS or CPP). 

 Taxes aside, I made my first stop in Twin Falls, Idaho. Upon stepping from my car, I detected a slight “cow” aroma. Since their economy is agriculturally based, I guess this is to be expected. Claiming to be the “Base Jumping Capital” of the nation , this is a rapidly growing city in South central-Idaho. Their climate averages 34F. in Jan to 85F. in July. Low temperatures are often below freezing from Dec. through March. Twin Falls, like other desert communities, does experience fast moving electrical storms. Their 3 great recreational and tourists areas are the Sawtooth Mountains, Shoshone Falls and the Perrine Bridge area.

Housing in Twins Falls, was priced well, compared to the Bay area. The current average listing price for a home is $209,531 and climbing. In touring some neighborhoods, I found many beautiful, newly constructed homes, below $300,000. A gallon of gas was $3.56, a gallon of milk was$2.99 and a dozen eggs ran $2.09.

In the spring of 2011, they did open a new hospital which is always high on my list of must haves for a permanent retirement location. The College of Southern Idaho, a large junior college, is located here as well. Twin falls also has a full orchestra Symphony and operatic productions at the Idaho Falls Opera Theater.  Twin Falls offers all the conveniences of a mid-sized city. Venturing out into the public, I asked two local mid- aged men what they thought of their fair town.

Both agreed that the town was excellent for children up to the age of twelve but when they reached high school  the kids seemed to lack  activities. They also agreed that this was the same for retirees. Unless you loved hunting and fishing, and the small town atmosphere, this was not a place that offered much for these two age groups. Both men were avid hunters and naturally said they would never move.

As for me, Twin Falls, meets many of my retirement requirements: Affordable housing, reduced taxes,  a college community, a quality hospital, a regional airport, cultural venues and outdoor activities. Where it seems to fall short is in having months of winter weather and the distance from other diverse communities and activities.

 

 

be found on City Data’s site.

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Retirement Gypsies, Winnemucca, Nevada

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English: View along South Bridge Street in Winnemucca, Nevada, United States. Looking north toward Winnemucca Mountain. (Photo credit: Wikipedia) After hours and hours of traveling through what I fondly call “The Land of Brown” we reach the town of Winnemucca, Nevada. The day was a perfect 75F with little wind and fewer people. Boasting only  8,000 […]       [Read More]

English: View along South Bridge Street in Win...

English: View along South Bridge Street in Winnemucca, Nevada, United States. Looking north toward Winnemucca Mountain. (Photo credit: Wikipedia)

After hours and hours of traveling through what I fondly call “The Land of Brown” we reach the town of Winnemucca, Nevada. The day was a perfect 75F with little wind and fewer people. Boasting only  8,000 or so residents, it was a pleasant surprise to find everyone I met incredibly nice. This fact and the three others, gas was only          $ 3.55 per gallon , sales taxes ran only 6.875% and the average home price is $189,737  made me question whether or not I could live in such a small community. I am, after all a city girl.

As I was having difficulty seeing the “draw” to this town, I queried  a Winnemucca born and raised local 25 year old woman as to what she thought were the towns best and worst qualities. Without hesitation, she heralded her fellow townspeople for being exceeding helpful to one another. This certainly comes in handy if you plan on retiring and depending on, at some point, your neighbors.

Many of the people here appear to work in the mines or the local businesses. She and her husband were planning on staying  and raising their family, and, had already purchased some acreage and a partially completed home for approximately$240,000. Not a reachable goal in the Bay Area.

 The hospital was excellent in her opinion as well as the low crime rate. On the “thumbs Down” side, she mentioned the fact that there wasn’t much to do there. I agreed.

All in all, Winnemucca seemed like a quiet small town where every night the population grows due travelers, crossing the state, stopping for the night.  But, if you treasure your privacy, enjoy off-roading and hunting this may just be your spot. Even though the  great home prices and tax advantages are a strong pull, I’ve decided not to make this friendly town my retirement Shangrala .

If you’ve retired here, I’d love to hear from you.

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