Jeff Hansen - King Condo

Market Updates Category

Pending Sale Loft Unit

Ryland Loft #301

Many people would jump at the opportunity of living in Downtown San Jose. This loft at the Ryland Mews complex located at 400 N. 1st Street is living in Downtown San Jose at its finest! The location is extremely Read the rest of this entry »

Pending Litigation

30 E. Julian Street: The Plaza

The Plaza located at 30 E. Julian Street is in pending litigation. This began roughly at the end of April or beginning of May of this year and came as a bit of a surprise. For home buyers as well as home owners, it’s important to know what it means when a condo complex is in pending litigation. Those who live in condo complexes will typically have more knowledge about this subject than someone such as a first-time home buyer.  However, this is not to say that all condo owners know what “pending litigation” actually means and how it affects them. After reading this post, my goal is that all of you will have an increase in awareness on the subject.

Homeowners Looking To Sell And Buyers Looking To Buy

The first thing you must find out as a homeowner is if your complex is “condominium-owned” or if it’s owned as a “planned unit development.” One thing to remember as a homeowner of a unit that’s within a complex in litigation is that prospective buyers could be potentially concerned after they accumulate this knowledge. When a complex is in pending litigation, it means that Read the rest of this entry »

Market Statistics

A Glance At Our Market

There are many ways to analyze our market by comparing a number of market statistics. One can track the sales price by taking a look at the price range over time, or figure out the months of inventory by the year, or compare the number of new listings to the number of closed sales. Whenever taking a look at market statistics, Read the rest of this entry »

Paseo Plaza Sale

Unit #242

Since April 2008, the highest Paseo Plaza sale was unit #00138. The short sale unit sold for $555,000 and closed in April of 2010. My most recent listing in the complex, which was unit #242, sold for $552,000 last month. I’m sure a lot of you have heard or have seen clues Read the rest of this entry »

Mortgage Update

I wanted to pass on to you some information regarding current mortgage rates from a lender I work closely with, Mike Aning, of Turnkey Mortgage. Here is a quick and simple summary from him, which you can definitely share with your friends:

News

While employment numbers are certainly moving in the right direction, a rapid acceleration in labor demand is not yet in the cards – which by extension strongly suggests that a steady upward move for mortgage interest rates is not yet a threat either.

Another month or two Read the rest of this entry »

Talking Real Estate On Get Real TV

Get Real With Brian Stuckey

I had the privilege of interviewing with CreaTV San Jose’s Brian Stuckey. During this market, I’m usually asked the same questions that revolve around our current real estate market. We are all constantly influenced by the media on their observations of whether this market will be turning around in the near future or if it’s already beginning to pick up. What you might forget is that all markets are slightly different, and what should matter to you is what’s going on in your local market. What most can agree on is that this is a Read the rest of this entry »

This Month In Real Estate – March 2012

The Pulse Of The Market

For the sellers out there, what do you think about the ideas explained in the video regarding pricing your home? Have you ever Read the rest of this entry »

Showing Off Downtown

Park Townsend

Having shown this complex as well as others just a couple days ago to a buyer, I am reminded of what condo complexes downtown offer that have become so enticing to those that live there.

Let’s use Park Townsend as an example.  It’s located at 46 W. Julian Street San Jose, CA. 95110, which happens to be a short drive to freeway entrances and short distances to food, bars, and entertainment.

Aside from the ideal location of the complex, let’s talk about the perks of living here. There is a secure underground parking area for the residents, swimming pool, a spacious community room that can be rented for a certain amount of time, a nice gym, conference rooms, and the list goes on!

If you’ve ever been in this building then you know that the central theme for the interior is, luxury. The lights, the stairs, the handrails, and the paintings on the wall, all reflect this.

The actual unit that I showed to my buyer Read the rest of this entry »

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 »