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Google’s San Jose Downtown Expansion Triggers New Land Sales!

June 19, 2017 by

Last week, San Jose city officials confirmed Google is in talks to create a massive site in downtown that could accommodate up to 20K jobs and transform the area into a transit-oriented tech village. To read more about Google’s new site plan, please refer to the Mercury News link here: http://www.mercurynews.com/2017/06/06/google-san-jose-craft-search-giants-downtown-expansion/

 

The tech giant is planning on bringing in more to the area. Will the real estate market provide enough supplies for the new comers? Today’s Mercury News has an interesting article about how Google’s plan impact the property market positively: http://www.mercurynews.com/2017/06/19/google-village-property-buys-continue-in-downtown-san-jose/

 

Filed Under: Blog, Market Update, Silicon Valley House Tagged With: , , , ,

N. San Jose Sees Great Potential with More Development Projects

February 18, 2016 by

2015-05-midpoint-at-237-01

After Apple purchased large land in N. San Jose for it’s future campus, Google sealed it’s office lease in N. San Jose, Trammell Crow and JV partner Principal Real Estate Investors announced recently that they’ve started construction on MidPoint@237, a massive office and industrial complex in North San Jose.

Here is all you need to know about what is happening in N. San Jose.

With so many commercial development going on, the residential real estate market is going strong too.

Here is our this week’s featured listing in N. San Jose: 2017 Agave Way that can be a great investment opportunity.

Filed Under: Blog, Housing Stats, Market Update, Silicon Valley House Tagged With: , , ,

Pending Home Sales Gain Again in California

January 26, 2016 by

Community 6

Pending homes sales in California showed solid gains in December compared to a year earlier. The California Association of Realtors reports an 8.3 per cent rise in its pending sales index to 77.9, however this was the smallest increase since January 2015. Seasonal factors saw pending sales drop 22.4 per cent in December compared with November.

The share of equity sales – or non-distressed property sales – edged up in December and remained at the highest levels since the fall of 2007. Equity sales now make up 93.6 percent of all sales, up from 90.1 percent a year ago.

Thin housing supplies, affordability and overinflated home prices are realtors’ main causes for concern in the state, according to a CAR survey.

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