As we head into May, I want to give you a rundown of what our real estate market saw in April. After we went limping into the month on the heels of a global pandemic, we ended it on a high note as people adjusted to the new normal. Mortgage applications are up across the board, interest rates remain low, and much of the country is still in a seller’s market. This is especially true here in Santa Clara County, where certain trends that stood out negatively last month are regressing to the mean. To learn more about what’s going on, watch this short video.

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Learn more: https://www.sophierealestate.com/blog/2020-Silicon-Valley-Real-estate/

Silicon Valley Real Estate Market Update in April After one month and half in lock down (shelter-in-place).

Zillow Online Buyer Traffic Increases

Redfin Online Buyer Traffic Increases

Sellers Stay Firm on Prices

Notes from Chief Economist of NAR on his view of real estate market

Changes/Adaption to New Normal

New Way to Sell Houses

Mortgage Applications for Purchase Increase

Changes of Lender Guidelines Stable Price in Bay Area

Santa Clara County Sales Price to List Price Ratio

Santa Clara County withdraw, cancel and new listings

Santa Clara County Listings Transaction Fell Through

Examples of Santa Clara Sales in April

April Silicon Valley Real Estate Market Update Summary

Find out what your Silicon Valley home is worth: https://www.sophierealestate.com/cma/property-valuation/

Search all homes for sale now in Silicon Valley: https://www.sophierealestate.com/

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Sophie Shen Real Estate Team

sophierealestate.com

CalBRE#:01837259

NMLS#312283

I recently held a Zoom webinar titled “Real Estate Market Update in Silicon Valley, Coronavirus Impact. Thanks to all of you who were able to make it, and if you weren’t, I’m happy to share the full replay with you today. We covered everything you need to know right now, from what is happening in the market stats before and during the outbreak have been like, to what we can expect once this is all over. To learn everything, watch the full webinar here.

▷Click the image to view the video

Things covered in Webinar

– Silicon Valley Market Before COVID 19 Outbreak

– Median home prices for the Bay Area

– Inventory of the Bay Market before the outbreak

– State-level impact by COVID 19

– Impact on Mortgages by COVID 19

– Santa Clara county March 2019 to March 2020 comparison

– Santa Clara county listings were withdrawn from the MLS during 2018-2020 the month of March

– Where is the Market headed during the Coronavirus pandemic.

– What to do if you are buying and selling in Santa Clara County during this time

– Landlords what you should be doing during this time in COVID 19 Pandemic

– Open up to Q&A with the audience. Learn more: https://www.sophierealestate.com/blog/how-real-estate-being-affected-coronavirus/

Facebook: https://www.facebook.com/SiliconValleyHousingPost/

Find out what your Silicon Valley home is worth: https://www.sophierealestate.com/cma/property-valuation/

Search all homes for sale now in Silicon Valley: https://www.sophierealestate.com/

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Sophie Shen Real Estate Team

1525 McCarthy Blvd #1000 Milpitas, CA 95035

sophierealestate.com

CalBRE#:01837259

NMLS#312283

If you’re in the market for a new home, do you know how homes are categorized? Knowing the different types of homes could help you narrow your search and navigate the purchase process easier, so today I’ll walk you through the different home categories and how each type is defined. For example, homes are defined differently based on whether you’re looking at their architectural style or their legal classification. To learn more, watch this short video.

▷Click image to view the video

Read the full article here: https://www.sophierealestate.com/blog/different-home-types-explained/

Facebook: https://www.facebook.com/SiliconValleyHousingPost/

Find out what your Milpitas home is worth: https://www.sophierealestate.com/cma/property-valuation/

Search all homes for sale now in Milpitas: https://www.sophierealestate.com/

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Sophie Shen Real Estate Team

1525 McCarthy Blvd #1000 Milpitas, CA 95035

sophierealestate.com

CalBRE#:01837259

NMLS#312283