Jeff Hansen - King Condo

Market Updates Category

January Sold Condos/Townhomes (95110, 95112)

Here are the quick statistics on sold condos/townhomes for the month of January of this year. These numbers represent the sales in zip codes 95110 and 95112. There were 9 total sales, 7 of them being short sales, 1 being an REO, and 1 was a regular sale.

Average List Price: $264,454; Average Sale Price: Read the rest of this entry »

This Month In Real Estate: February 2012

“The Numbers And News You Can Use”

It’s encouraging for our economy to have an increase in the amount Read the rest of this entry »

Take Advantage Of This While You Can!

You’ve probably noticed it and/or have witnessed your friends, family, co-workers…etc. experience it.

I came across an article in the San Jose Mercury News, which basically reminds us how these near record low mortgage rates won’t last forever.

“That’s because Congress late last year tied a payroll tax-break extension for millions of workers to what amounts to a new hidden tax on anyone who takes out a mortgage or refinances their home loan.” – Amy Fontinelle

Fontinelle’s article, “Winter’s Record-low Mortgage Rates Could Increase Thanks To Congress,” Read the rest of this entry »

San Jose Metro Rent Hike Taking Number 1 Spot

No. 1 In The United States

By the end of 2011, the San Jose Metropolitan area had beaten out Read the rest of this entry »

Downtown San Jose Market Update

I want to share with all of you some statistics and updates about the Downtown San Jose condo market. Enjoy!

What are your impressions of this update? Did you find the statistics helpful? Contact me, and tell me your thoughts about the downtown condo market. I’d love to hear your perspective. Don’t forget to subscribe!

Condos/Townhomes Sold In Nov. And Dec. (95110,95112)

Quick Stats and Projections For Downtown San Jose

The Multiple Listings Service (MLS) shows that in the month of November last year, there were 28 condos/townhomes sold in zipcodes 95110 and 95112.

List Price – Min: $117,500 Max: $615,000 Median: $234,000

Sale Price – Min: $117,500 Max: $575,000 Median: $228,000

Average List Price – $273,784

Average Sale Price – $257,530

Last month in December Read the rest of this entry »

The Selling Experience

Interested in some quick stats about the selling experience? Here they are…

• Home was listed more than 2 months (median: 28 weeks) before opening escrow
• Median escrow length was 1.5 months
• Only 40% of sellers closed escrow on time
• 20% of sellers used electronic signature Read the rest of this entry »

This Month In Real Estate: December 2011

Quick Statistics And News You Can Use

The national average interest rate is incredible right now. What are your thoughts about selling a home yourself versus hiring a real estate professional to do it for you? Leave a comment or contact me, and you can tell me about your experiences. Don’t forget to subscribe!

4 Reasons Why Now Is A Good Time To Buy

From The Lenders’ Perspective

On every Tuesday morning, we have an hour long office meeting. Our in-house lenders talk for about 10-15 minutes about the latest market updates. They talk about current interest rates as well as the newest guidelines that can greatly affect potential buyers nationwide. During the most recent office meeting, the first thing they told us was what question they’ve been faced with the most; “When do you think is a good time to purchase a home?” So they came up with their own four reasons why now is a good time to buy. Can you guess all four?

Their reasons are… Read the rest of this entry »

FHA Ceiling Raised!

So What Does This Actually Mean?

Financing through FHA (Federal Housing Administration) has been very attractive because of the low down aspect of it, especially for first time home buyers. Up until recently, the FHA ceiling was set for homes purchased up to $625,500. In other words, you could buy a home that costs $625,500 with low down through FHA financing. Read the rest of this entry »