Jeff Hansen - King Condo

Market Updates Category

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 »

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 »