Cupertino Properties

10231 Amelia Court, Cupertino 95014 will be open Sat 5/21 and Sun 5/22 from 1:30 to 5:00, everyone is invited to take a look at this magnificent new home!!

10231 Amelia Court, Cupertino
Photos and Virtual Tour are also up in the Homes for Sale section.
Virtual Tour link: http://www.bluskymedia.com/client/jodo/amelia
This property will be open from 9:30am to 1:00pm tomorrow 5/19, everyone is invited to stop in and take a look at this perfect new home!

Gas prices still sky high while home loan rates hit bottom

Interest rates for conforming loans hit a new low for the year, bottoming at 4.6% for 30 year loans. Homes on the peninsula are still selling at an impressive pace, especially at the entry level for our market. In Cupertino, this segment is defined by homes priced below $1,300M. Homes in this price range usually have a “shelf life” of less than two weeks on the market before they are sold. The number of buyers outweighs the sellers by a large margin. Maybe it’s time to think about paying your real estate agent by the hour rather than paying standard commissions based on the time honored theory of his or hers valuable marketing service.

As gas prices continue to remain in the stratosphere it doesn’t take a genius to conclude that at some point every commodity that we find vital to our existence, including keeping a roof over one’s head is going to feel the brunt of it. At the grocery store, produce, meats, eggs have all crept up slightly in price. I feel just a little short of mad money than I did earlier this year before gas prices went up so dramatically. Maybe, I will put that new car purchase off just a while longer.

Meanwhile, there are rumblings that some counties in the greater Bay Area are poised for a double dip in housing prices. We certainly don’t see any signs of this here in Cupertino. Multiple bids on homes are still the norm at the entry level segment of the market. Not the same story at the luxury end of the market. In the more affluent communities, like Los Altos, Palo Alto, Menlo Park, the luxury homes are still moving quite well. Seems as though, those with the money are very willing to take the plunge and lay down $2 Million or more for their modest abode. In reality, what we are seeing in the upper crust of the market is really an alignment of sellers pricing their homes more in line with the expectations of buyers. This process has taken greater than 2 years to sort itself out. In recent years, sellers were stubbornly hanging onto their asking prices while buyers quietly paced back and forth on the sidelines. The buyers have finally won this battle. On a regular basis, I see multi-million dollar homes selling at prices below what sellers paid for them five and six years ago.

Spring has sprung. The word is that more and more homes will be coming on the market in weeks to come. If you are a buyer and have been waiting this out for the past few years, your time has come. Interest rates are at historic lows and finally you have choices in the market place.

10370 Alpine Dr., Cupertino

1888 Alford Ave., Los Altos, CA
For further info please contact John Dozier at 408-996-0514

Took a quick escape to Carmel and thought I would share this amazing sunset.

10570 S Foothill Blvd., Cupetino CA 95014
4 Bed, 3 Bath, 2,953 Sq. Ft., 10,000 Sq. Ft. Lot

21810 Almaden Ave., Cupertino, CA 95014
For further info on either of these properties contact John Dozier at 408-996-0514.

10370 Alpine Dr.
Cupertino, CA 95014

This home will be open for tour tomorrow 1/27/11 from 9:00am to 12:30pm, you are all invited to stop in and take a look! For more info on this home refer to the homes for sale section.