Available in Ridgemark Golf & Country Club

Lrg PatioHere is your chance to own a home in the remarkable, “Ridgemark Golf and Country Club”.

As you will see in this VIDEO Tour, 50 Florence Ct., Hollister is just one of 5 homes on a private court within the gated golf and tennis community.

This home sits on a 10,700 sq. ft. lot with wide side yards for behind-the-fence-storage of your RV, boat and toys.  It has 1,945 sq. ft. of living space with 3 bedrooms and 2.5 baths.

Many features of this home have recently been refreshed: there is a new roof; the exterior was recently painted; the master suite has new carpet; all of the appliances are just 2 years old.

I love the new manufactured hardwood floor in the kitchen leading up to the brick fireplace and the private patio just outside the dining area.  The great room also has it’s own fireplace, floor to ceiling windows for natural light and there is another private patio just out side this cozy room.  Each room has exposed beam ceilings.  In addition to the new forced air heater, there are 4 heaters for individual room comfort.

Outside the master bathroom is a sparkling hot tub.  And then, there is the massive backyard.

Since Ridgemark is just 40 miles from San Jose, Monterey and the beaches it is ideally located for an easy commute and vacation-time when you are home.

Text, email or call me for your own personal tour.  First Open House: 4/16/16, 1-4 PM.

 

Do We Have Enough Homes?

On a national scale the enclosed article in Yahoo Finance points to the 6 reasons why there are NOT enough homes for prospective buyers.

Of course housing markets are typically influenced first by the neighborhood, then community, and finally by their region.  In ‘South County’ (Morgan Hill, Gilroy, Hollister, San Juan Bautista, CA) for example, there is a shortage of homes to choose from and, therefore, home values seem to be forever increasing.  12-16% annual appreciation is pretty typical.

In Hollister we are seeing a slight slow down in the appreciation pace for resale homes this year due to the significant number of new homes being built.  In 2015 the average single family residence value increased 12.6%.  Morgan Hill and Gilroy’s appreciation for the same period were: 15.5 and 16.9% respectfully. Hollister’s new home construction in 2015 affected its appreciation which, normally is on par or, even higher, than both Morgan Hill and Gilroy, CA.

So the proverbial question: “Is your glass half full, or, half empty?”

Home Buyers: Now’s the Time

I have been in the housing business so long that I’ve been through several outgoing, 2 term presidents, where their party was in control of both houses.  Typically, at the beginning of the election year, interest rates and gas prices begin to rise.  They peak during 3rd. quarter and begin to improve toward the national election in November.  (Watch, as soon as I say this, we’ll see an aberration in 2016.)

However, this article may well be a signal that the trend will repeat itself in the coming months.

Prospective homeowners would be wise to buy their home as soon as they can.  Sales prices in the South County (San Jose, Morgan Hill, Gilroy, Hollister, San Juan Bautista, CA) begin to rise more rapidly at the end of March and peak in July.  The interest rates will probably inch their way upward during this same time frame.

And look at the impact of a 1.0% rise in interest rates*:  A $400,000 home with 10% down to a new, $360,000 30 yr. fixed rate loan will see a $214 higher monthly principle and interest; a corresponding increase in the qualifying income needed by $642/mth.  The closing costs will also be slightly impacted.

If you are thinking of buying a home, now will be the lease expensive time for South County homes for the next year or more.

*4.0% to 5.0%

Gilroy, CA Home Prices

Gilroy, CA single family home prices have followed a fairly typical pattern over the last 12 months although the Gilroy Sales Price 2average sale price for 10/15 is virtually the same as 12 months ago.

I reviewed 548 Gilroy sales of single family residences from 11/14 to 10/15.  We saw a fairly flat market from Nov. last year to Feb. this year.  Then, in March the prices began to rise and spiked in July.  Since July the average sales prices drifted back to the same level as this time last year.

It is important to note that in 2014 Gilroy home values increased roughly 21% from Jan. through Dec.  And, Jan. this year saw average prices roughly 11% higher than 12 months earlier.

So, what does all of this mean?  Well, if you are a buyer and like to play the odds, your best buys will typically be between now and next Feb. or Mar.  If you are a home owner who is thinking of selling you may want to be ready to go on the market in March or April.

Lastly, you may find that next year, being a National Election year where a sitting majority will want to maintain their plurality, will be anyone’s guess as to what home prices are going to do in Gilroy.  Actually, I have a prediction based on the 9 other national election years I have seen while in the housing business.  Text, email or call me for that information.

Thanks to MLSListings for the data.

 

El Nino’s Coming, 3 To-Do Tips

Rainy season is about here.  In Morgan Hill, Gilroy & Hollister Calif. we welcome any rain!  However, there are 3 smart things you can do to protect your home from water damage:

Clean out your rain gutters.  Here is a quick ‘how-to’ video to show you how easy it is.

Make sure your down spouts take the rain water away from your foundation. Here is another, quick video to show how easy this chore is.

Lastly, make sure the earth against your foundation is sloped down hill, away from the home. Here is a short, DIY video.

While these 3 tasks will take some time to do, they are not expensive and they will greatly reduce expensive repairs due to water!  I absolutely recommend that you invest the time now, before the rains come.

Let me know if you have found other, easy tips, to prepare your home.

“Home of The Week” Open House

On Saturday, 5/16, we will be holding an Open House for 1711 Morning Glory Dr. in Hollister, CA.20151101-1711 Morning Glory, Hollister-12 - Copy

If you can’t stop by between 1 – 4 PM for your own tour of this 5 bdrm, 3 bth, 3 car garage, 2,650 sq. ft. home – watch this VIDEO Tour.  It is almost like walking through the home itself.

“1711 Morning Glory” is just 18 mths ‘new’.  The significantly upgraded walnut hardwood flooring and great carpet still look and feel fresh. This home also sits on nearly 7,500 sq. ft. so there is plenty of room in the back and both side yards.

Since Hwy 25’s extension is just .5 mile away, the drive to the Bay Area is surprisingly comfortable.  When I moved to Hollister from San Jose people asked: “moving way down there“?  It wasn’t long before I just smiled and said “yeah, way down there” with a subtle secret in my smile. The little extra drive yields so much more of a home and lot.  It is absolutely worth it.

Some, even catch CalTrain in Gilroy for an even easier commute.

What has been your experience with living in South County while working in the Bay Area?

 

 

Simple Curb Appeal Improvements

Often I will have 4-6 homes to show buyers.  Each time we arrive in front of a prospective home the buyers nearly always comment on what they think the home will be like – based on what they first see from the curb.  And, typically an impressive front of the home opens to a similarly maintained home on the inside.   The opposite is also true.  There have been times when the buyer doesn’t even want to get out of the car, because the front of the house is shabby, overgrown, or in need of paint.

There are several simple and inexpensive things you can do this Spring to make your home very appealing.  Click here for 13 suggestions.  Each of these easy to do tasks also provide the most added value – to – investments you can do to the outside of your home.

Lastly, your neighbors may be a willing source of help if you announce your ‘sprucing up’ plans for the ‘tired’ front appearance of your home.

Executive Home in San Juan Bautista

This VIDEO Tour of a great home feels like you are walking through the home and grounds. 381 Via Vaquero Sur, in San Juan BauFronttista boasts of 3,500 sq. ft., 4 bedrooms, 3.5 baths, 4 car garage and it sits on a 22,000 sq. ft. (.5 ac) lot in the foothills.  As you saw in the VIDEO there are many remarkable appointments and features included in this home.

The location of 381 Via Vaquero Sur could not be more ideal: just 3/4 mi. from Hwy 101 for an easy commute to Monterey or Santa Clara counties.  CalTrain and Gilroy Premium Outlet Center is only 15 min. from here.  The beaches and Monterey – just 30 min. “San Juan Oaks Golf & Country Club” is a short drive down the road. Play tennis on this gated community’s own tennis court.

The Open House for this home is Saturday, 11/22 from 1-4 PM. Why not stop by for your own, personal tour. You will see a remarkable home and, enjoy freshly made chocolate chip cookies.

Let me know what you liked about this house.

What a Great Home! VIDEO Tour.

Fairhaven quartz cntrWatch this VIDEO Tour for an intimate view of the inside of the home and private backyard. 2451 Fairhaven Court in Hollister, CA is a beautiful 4 bedroom, 3 full bath, 3 car garage home with 2,700 sq. ft. in Hollister, CA and shares a private court with just 7 other homes.

It is a casual walk to Cerra Vista Elementary, a neighborhood park and playground, and a short drive delivers you to “Ridgemark Golf and Country Club”. South of here is the famed “Hollister Hills (off road vehicle) State Park”.  “Gilroy Premium Outlets” and “CalTrain” is just 20 min. North of this gorgeous home.

In addition to the features mentioned in the VIDEO Tour there is a whole house, reverse osmosis and soft water system in the spacious 3 car garage.

This is a home you are going to want to see.  The first Open House is scheduled for Sat. 11/1/14 from 1-4 PM.  Check this site for additional dates for an Open House. Or, text, email or call me for your own personal tour of 2451 Fairhaven Ct., Hollister, CA.

What did you think of this VIDEO? Do you have any questions? Feel free to call me.


Home Prices in Our Bay Areas

Here is a quick glance, one page summary of year-over-year values for of our Bay Areas.

The median prices increased slightly in Santa Clara County (up 9%) and Monterey County (up 6%) but dropped 1% in San Benito County.

At the bottom of the summary page we see some indicators which suggest San Benito County values may rise in 2015: Inventory of homes for sale increased 14% 9/13 to 9/14 which is one of the causes of the median price to drop. However, the Days on Market (DOM) dropped a whopping 46%!  Since homes sold significantly faster year-over-year we may see San Benito County single family prices rise next year.

With one eye on these opaque indicators and one on “the holidays” disengagement many get caught up in – a shrewd buyer should buy a home before the year is out. And, with interest rates around 4% for a home loan, you could be one of the few others admire in the future: “You bought at the end 2014?  You really ‘lucked’ out”.

Why not text, email or call me?  With your answers to 4 simple questions I will be able to compute for you how much of a home you can qualify for and provide you with a list of those homes in your price range.

“Happy (Holiday) shopping”.