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April 2008 Newsletter
Greetings!
Welcome to Dale Warfel’s March 2008 Newsletter
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Personal News:
Mimi and I are getting serious about adopting a child. We are taking classes through Santa Clara County Social Services to be certified Foster Care/Adoptive Parents (called Fost/Adopt). We are excited about the possibility of growing our family.
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Professional News:
I just completed my training as a Loss Mitigation Consultant with Titanium Solutions. This additional training allows me to better serve those clients who may be facing the possibility of foreclosure. As banks are facing the reality of owning more and more real estate, hundreds of millions of dollars in assets are being tied up owning and maintaining properties, instead of being loaned to customers. As a Loss Mitigation Consultant, I am able to work with consumers that are having challenges making their house payments, in many times before the default notices have been filed, helping the homeowner reconnect with the loan services in case there is a possibility of some type of workout solution that can help the homeowner stay in their home. If you or someone you know if facing this type of hardship, please let me know.
Do You Need A Referral?
If you need a referral for a qualified service provider, chances are that I have someone in my database that can help. From a handyman to pool service, from a dentist to a podiatrist, I have an excellent list of resources. E-mail me at dale@dalewarfel.com and let me know what you need. 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: http://advisormls.com/Advisor?operation=search&key=11876785849682E-mail me at Dale@DaleWarfel.com and let me what type of service provider you need. JUST LISTED! - Sunnyvale Condo
905 Sunrose Terrace #104, Sunnyvale
2 Bedrooms/2 Bathrooms/Approx. 1,086 Sq. Ft.
This gorgeous, 14 year old home is in a prime Sunnyvale location, has been updated throughout, and offers a tranquil respite from the daily grind with golf course views! The functional kitchen features granite counters and stainless appliances. 9’ ceilings with recessed lighting, and an open floor plan offer a feeling of spaciousness you would expect in a larger home. The beautiful living room fireplace is accented with a marble surround. The stylish custom plantation shutters dress up the windows beautifully. This home must been seen to be fully appreciated.
This home is listed for $539,950.
Go to www.905SunroseTerrace.com for details. JUST LISTED! - Santa Teresa Townhome
7045 Burning Hills Place, San Jose
3 Bedrooms/2.5 Bathrooms/Approx. 1,820 Sq. Ft.
This wonderful townhome is located walking distance from beautiful Santa Teresa Golf Club. This unit is the largest floor plan in the Santa Teresa Townhome community. The plumbing was recently replaced with copper piping throughout. Bathrooms have been remodeled with gorgeous vanities, and the full baths feature custom marble tile floors and tub/shower surrounds. This home also features a 2 car garage, plenty of guest parking, and a private courtyard. Located near Hwys 101, 85, and 87, and VTA Light Rail, this home is a commuter’s dream!
This home is priced to sell at $527,500.
Go to www.7045BurningHills.info for details. For Sale - Willow Glen Townhome
1264 Setareh Court, San Jose
3 Bedrooms/2.5 Bathrooms/Approx. 1,804 Sq. Ft.
Walk to downtown Willow Glen in minutes from this spacious 3 bedroom townhome. Remodeled kitchen, Berber carpeting, wood frame windows, skylights, sun tunnels, spa tub, central AC, fireplace, 2 car garage with storage and much more! Small complex with mature landscaping, oak trees, and secluded pool/spa.
This new price for this beautiful home is listed for $699,500.
Click here for more details. For Sale! - Almaden Valley
1039 Kiser Drive, San Jose
3 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 (Graystone Elementary School, Bret Harte Middle School, Leland High School), this immaculate home is situated near walking and biking trails. This is currently the lowest price single family home in Almaden Valley.
This home is listed for $675,000.
Click here for more details.
Thank You:
Thank you to Roland G., Jackie D., Jeff H., and Jeff M. 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
Sales of single-family, re-sale homes rose 37.5% last month compared to February. Year-over-year, sales were off 35.2%. Year-to-date, home sales are off 38.2%.
The median price for homes rose for the second month in a row, gaining 4.4% month-over-month, but was off 2.1% compared to last March.
Condo sales were also up substantially last month, rising 39% from February, but off 52.9% year-over-year.
The median price for condos dropped 2.6% from the month before, and was down 0.9% compared to last March.
Inventory continues to increase with the supply of homes up 9% from February, and up 63.8% year-over-year. Condo inventory gained 4.5%, up 50.4% compared to last March.
The sales price to list price ratio rose 0.7 of a point to 98.9% for homes. The ratio for condos gained 0.5 of a point to 98.4%.
Days on market fell two days to 55 for homes. Days on market for condos dropped eleven to 53 days.
Our days of inventory indicator for single-family homes turned downward on the increase in sales, shedding 75 days, sending the indicator to 284 days. The indicator for condos fell 91 days to 277.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or for an evaluation of your home’s worth, please call or e-mail me at Dale@DaleWarfel.com
Bank-owned properties in Santa Clara County continue to offer prospective home buyers an exceptional opportunity to save on their home purchase. If you are interested in learning more about bank owned properties, call or e-mail me at Dale@DaleWarfel.com!Thinking of moving up?
With the combination of low interest rates, higher inventory and settling market values (in most communities), this is a great time to consider making a move to a larger home. How long will this market last? No one knows for sure, but, historically, prices and interest rates typically move up faster than they fall, so we may not have this type of a market opportunity again for quite some time.
| Market Snapshot - Santa Clara County |
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Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
Mar-08 |
|
583 |
|
|
|
|
|
|
424 |
|
|
|
|
Jan-08 |
|
337 |
97.13 |
|
59 |
1,629 |
Dec-07 |
|
490 |
98.16 |
|
54 |
946 |
Sep-07 |
|
506 |
99.83 |
|
36 |
1,730 |
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 |
|
|
|
|
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
|
1,808 |
196 |
98.37 |
$569,869 |
53 |
625 |
|
1,730 |
141 |
97.99 |
$553,161 |
64 |
623 |
Jan-08 |
1,591 |
138 |
98.07 |
$523,566 |
66 |
599 |
Dec-07 |
1,384 |
188 |
97.77 |
$533,120 |
51 |
321 |
Sep-07 |
1,752 |
184 |
99.36 |
$558,182 |
42 |
598 |
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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March 2008 Newsletter
Greetings!
Welcome to Dale Warfel’s March 2008 Newsletter
.
Personal News:
After taking 2 months off to rehabilitate a sore right shoulder, I started my 2nd round of P90X workout regimen at the end of January. The start-up phase was a bit rough (sore muscles), but I recovered from that and am going full speed ahead!
We are planning a trip to Yosemite this summer (this will be my first trip there...ever!). If you have some recommendations for some fun family activities, please let me know
.
Professional News:
Do You Need A Referral?
If you are needing a referral for a qualified service provider, chances are that I have someone in my database that can help. Here is just a small sample of the professions that are represented in my database:
| - Estate Planning Attorney |
- Lender |
| - Business Coach |
- Acupuncturist |
| - Massage Therapist |
- Chiropractor |
| - Insurance |
- Dentist |
| - General Contractor |
- Website Design/Web Marketing |
| - Podiatrist |
- Residential/Commercial Cleaning Service |
| - I.T. Support |
- Financial Planner |
| - Landscaper |
- Gardener |
| - Pest Inspector |
- Handyman |
| - Pool Service |
- Florist |
| - Travel Agent |
- Electrician |
| - Plumber |
- Notary |
| - Health and Wellness Consultant |
- Residential/Commercial Painter |
| - CPA |
... and many more! |
E-mail me at Dale@DaleWarfel.com and let me what type of service provider you need.
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: http://advisormls.com/Advisor?operation=search&key=11876785849682
COMING SOON! - Santa Teresa Townhome
7045 Burning Hills Place, San Jose
3 Bedrooms/2.5 Bathrooms/Approx. 1,820 Sq. Ft.
This wonderful townhome is located walking distance from beautiful Santa Teresa Golf Club. This unit is the largest floor plan in the Santa Teresa Townhome community. Bathrooms have been remodeled with gorgeous vanities, and custom marble floors and tub/shower surrounds. This home also features a 2 car garage, plenty of guest parking, and a private courtyard. This home will be priced to sell! Stay tuned for more info!
For Sale! - Willow Glen Townhome
1264 Setareh Court, San Jose
3 Bedrooms/2.5 Bathrooms/Approx. 1,804 Sq. Ft.
Walk to downtown Willow Glen in minutes from this spacious 3 bedroom townhome. Remodeled kitchen, Berber carpeting, wood frame windows, skylights, sun tunnels, spa tub, central AC, fireplace, 2 car garage with storage and much more! Small complex with mature landscaping, oak trees, and secluded pool/spa.
The new price for this beautiful home is $699,500.
Click here for more details.
For Sale! - Almaden Valley
1039 Kiser Drive, San Jose
3 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 (Graystone Elementary School, Bret Harte Middle School, Leland High School), this immaculate home is situated near walking and biking trails. This is currently the lowest price single family home in Almaden Valley.
This home is listed for $675,000.
Click here for more details.
Thank You:
Thank you to Roland G., Jackie D., Jeff H., and Jeff M. 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 median prices for single-family, re-sale homes and re-sale condos gained ground in February. The median price for homes rose 5.1% from January, a year-over-year loss of 1.5%. This is the first year-over-year loss since August 2003. The median price for condos rose 13%, month-over-month, and was up 6.7% compared to February 2007.
Sales of single-family, re-sale homes bounced back from the record low set in January. There were 424 homes sold last month, a rise of 25.8% from the month before, down 36.2% from last February. Condo sales rose 2.2%, but were off 56.9% year-over-year.
Inventory continues to increase as we enter the spring selling season. The number of homes on the market rose 11.1% compared to January, and up 72.9% year-over-year. Condo inventory rose 8.7% month-over-month, and was up 61.7% compared to last February.
The sales price to list price ratio for single-family homes rose 1.07% to 98.2%. The ratio for condos fell 0.8% of a point to 97.9%.
Days on market fell one day to 58 for homes. Days on market for condos fell two days to 64 days.
Our days of inventory indicator for single-family homes turned downward on the increase in sales, shedding 73 days, sending the indicator to 346 days. The indicator for condos shed almost 2 days to 356.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or for an evaluation of your home's worth, please call or e-mail me at Dale@DaleWarfel.com
Bank-owned properties in Santa Clara County continue to offer prospective home buyers an exceptional opportunity to save on their home purchase. If you are interested in learning more about bank owned properties, call or e-mail me at Dale@DaleWarfel.com!
Thinking of moving up?
With the combination of low interest rates, higher inventory and settling market values (in most communities), this is a great time to consider making a move to a larger home. How long will this market last? No one knows for sure, but, historically, prices and interest rates typically move up faster than they fall, so we may not have this type of a market opportunity again for quite some time.
| Market Snapshot - Santa Clara County |
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|
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|
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
|
|
424 |
|
|
|
|
Jan-08 |
|
337 |
97.13 |
|
59 |
1,629 |
Dec-07 |
|
490 |
98.16 |
|
54 |
946 |
Sep-07 |
|
506 |
99.83 |
|
36 |
1,730 |
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 |
|
|
|
|
|
Inventory |
Closed Sales |
% LP Rec'd |
Avg. Price |
Avg. DOM |
New Listings |
|
1,730 |
141 |
97.99 |
$553,161 |
64 |
623 |
Jan-08 |
1,591 |
138 |
98.07 |
$523,566 |
66 |
599 |
Dec-07 |
1,384 |
188 |
97.77 |
$533,120 |
51 |
321 |
Sep-07 |
1,752 |
184 |
99.36 |
$558,182 |
42 |
598 |
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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| February 2008 Newsletter |
Greetings!
Welcome to Dale Warfel's February 2008 Newsletter.
Personal News:
2008 has been rolling right along! Mimi and I celebrated Valentine's Day by going to Cirque Du Soleil in San Jose. Mimi had no idea where we were going until we pulled into the parking lot across from the circus. It was a wonderful experience, and our first at a Cirque Du Soleil venue. If you haven't had the chance to see them perform, I recommend that you make plans to see it before they leave town.
Professional News:
COMING SOON! - Santa Teresa Townhome
7045 Burning Hills Place, San Jose
3 Bedrooms/2.5 Bathrooms/Approx. 1,820 Sq. Ft
This wonderful townhome is located walking distance from beautiful Santa Teresa Golf Club. This unit is the largest floor plan in the Santa Teresa Townhome community. Bathrooms have been remodeled with gorgeous vanities, and custom marble floors and tub/shower surrounds. This home also features a 2 car garage, plenty of guest parking, and a private courtyard. This home will be priced to sell! Stay tuned for more info!
NEW PRICE! - Willow Glen Townhome
1264 Setareh Court, San Jose
3 Bedrooms/2.5 Bathrooms/Approx. 1,804 Sq. Ft.
Walk to downtown Willow Glen in minutes from this spacious 3 bedroom townhome. Remodeled kitchen, Berber carpeting, wood frame windows, skylights, sun tunnels, spa tub, central AC, fireplace, 2 car garage with storage and much more! Small complex with mature landscaping, oak trees, and secluded pool/spa.
The new price for this beautiful home is $699,500.
Click here for more details.
For Sale - Almaden Valley
1039 Kiser Drive, San Jose
3 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 (Graystone Elementary School, Bret Harte Middle School, Leland High School), this immaculate home is situated near walking and biking trails. This is currently the lowest price single family home in Almaden Valley.
This home is listed for $675,000.
Click here for more details.
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
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