Wednesday, 01 April 2020

2020 South SAN JOSE 2020 REAL ESTATE MARKET REPORT

Written by Posted On Tuesday, 14 January 2020 09:52
2020 South SAN JOSE 2020 REAL ESTATE MARKET REPORT Written by Vito Scarnecchia

First and foremost, a big thank you to our District 2 Council Member- Sergio Jimenez and his amazing team. They’re always available and willing to listen to concerns and have made Blossom Valley and Santa Teresa one of the best areas of San Jose. 

This December, I was bestowed with the Neighborhood Leader Award. This is a true honor because I am truly proud of where we live, and giving back to the community is our priority. We believe that our efforts make our community better every day. By doing these things with the community, our children will learn that our community is stronger when we work together. 

We’d love to see you at the events we help out with and promote. 

Get on the list: http://bit.ly/SanJoseEvents

The year ended and we welcomed a new decade. Our neighborhood has maintained a stable market, we’ve seen a smaller blip come back and finish the year just under $1MM. 

For most of us, our homes are the largest asset we’ll ever own—so you are right to want to understand your asset and the market.  You deserve an expert guide. Here are the top things you need to know for the coming year:

Demand and inventory is projected to increase 

2019 was a decent year, and we’re expecting values to maintain if not increase a little bit this year. As expected, we saw values recede about 5% overall YTD. 

Price per square foot actually increased, because buyers were looking for better homes and better values, and supply in the last part of the year was lower than demand.

Fixer-Uppers are a hot commodity.

Homes that are overpriced or poorly upgraded will see frustration as they linger on the market. Days on Market is still higher than what we’ve seen in the past couple years, the inventory from the winter will quickly thin out and we’ll see new homes sell much faster.  What this means is that buyers will want to see updates and fresh paint. You can expect to get a premium price out of your remodeled kitchen this year when you work with an experienced negotiator. 

Working with a seasoned neighborhood expert will ensure you get the highest price and best terms for your home. That’s why our clients have trusted us for over 17 years in South San Jose. Our process works.  We make the whole process less daunting and as stress-free as possible. And with my strategic listing preparation and marketing plan, my clients get the highest possible price in the fewest days on market.

As a homeowner, what does this mean for you?

If you’re thinking about selling in the next 12 months, now is the time to start preparing for the market. You’ve worked hard for what you’ve earned, and you’re right to want the best experience. With our strategic plan, vetted list of vendors and contractors that we manage, and us as your expert guide, you can rest easy knowing you are in good hands.

 

Click here to receive the full market report: https://mailchi.mp/9702e3651cdd/marketreport

 

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Vito Scarnecchia

Life Happens, when you need to move and don't have the time, we are here to make it happen for you. 

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