A Walk on the Styled Side - 03/31/09 01:22 PM
 
Presentation High School's 43rd Fashion Show at the Fairmont
Presentation High School in San Jose is holding their 43rd annual fashion show on April 3, 2009.  This year the fashion show will be held at the Fairmont Hotel in San Jose and the theme will be "A Walk on the Styled Side". 
The afternoon show will be from 11:30 - 2:30 p.m. and lunch will be served before the show.  Tickets are $100 per person.  The evening show will include dancing after the show.  Tickets for the dinner show are $175 per person.  High school students can purchase student tickets just for the evening show … (0 comments)

Eagle Ridge Community - Easter Egg Hunt - 03/30/09 02:53 PM
Easter Egg Hunt for Eagle Ridge Residents and their guests The Family Committee has organized another Easter Egg Hunt for the young Eagle Ridge residents.  This event will take place at the Eagle Ridge community park on Troon Court on April 11th from 1 to 4 p.m.  This event will include an easter egg hunt, face painting and balloon artists will treat the youngsters with their art.  As always, this events is free and sponsored by the Homeowners Association.  Participants are asked to bring a dish to share and 10 filled eggs for the hunt.
The Family committee organized three events … (0 comments)

Eagle Ridge Homes for Sale - Inventory is down sharply - 03/27/09 05:23 PM
March 2009 has been and continues to be a busy month for Gilroy Real Estate.

This has been an amazing month in terms of sales here in the desirable community of Eagle Ridge, in Gilroy, California.  We have three more days to go but the numbers are in. Inventory is down to 20 single family homes from 38 just at the beginning of this month! 
This is very eencouraging news for those homeowners who have seen the values of their homes drop sharply.  When inventory is down prices tend to increase.  
Eagle Ridge is a very desirable golf course community in the Gavilan foothills.  It … (0 comments)

Homes for sale in Gilroy - 03/27/09 02:54 PM

 
March 2009 has been and continues to be a busy month for Gilroy Real Estate.  
In February of 2009 the inventory of single family homes in Gilroy was 352 with 42 homes sold and 91 new listings.  The absorption rate was 7.3 months.  That means that it will take 7.3 months for a new listing to close sale when no new homes come on the market.  This absorption rate indicates that we currently are in a buyers' market.  Mortgage rates are coming down and the new homebuyer tax credit is an additional incentive to purchase a home.
This month is … (0 comments)

Eagle Ridge Market Update - 03/24/09 01:54 PM
Our market is looking good!
There are some encouraging signs which could indicate that the real estate market is turning around.  
We have seen a flurry of activity.  In my small community of Eagle Ridge we had 38 active listings this month. Sixteen listings went to contract including eight in the last ten days.  During our open house last weekend we had about 16 couples come through; that was more than in the previous weeks.  The bank received multiple offers.  It is starting to look better every day.  
 


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Tierra Bella Cycling Tour - 03/23/09 06:56 PM

 
I am not an artist but I have a passion for cycling and I am ready for the Tierra Bella Tour.
The  Tierra Bella Tour is organized on April 18th, 2009 by the Almaden Cycle Touring Club http://www.actc.org/index.php.  Cycling enthusiasts flock to GavilanCollege in Gilroy to participate in this wonderful event. Riders can choose from 4 different routes depending on their level; options are 60, 100, or 200 kilometers or 100 miles.  My personal favorite is the 100 kilometers which takes me through the east side of Gilroy past the Gilroy Hot Springs and back to the west side of town and north along Uvas … (0 comments)

Record sales in a buyers' market. - 03/22/09 12:55 AM
It is Saturday and I am looking back to a very busy week in real estate.  Gilroy saw an increase in properties that went to pending sale and closings in the past week. At our open house today we had at least 10 couples coming through which is more than in previous weeks.  That is a good sign.  Let's get the REO properties and short sales out of inventory so that prices can increase again.  It is definitely a buyers' market.  In the Eagle Ridge Golf community we had 38 listings last week with 12 going to contract.  All were REOs and … (0 comments)

Get the answers you have been looking for. - 03/18/09 01:42 PM




So you are confused by all the changes in the Real Estate market.  You hear "expert" advise from your friends, neighbors and the news media.  You have questions about the new first time homeowner tax credit or want to find solutions for the increasing monthly house payments.   You need help or you simply want to know more about the "new" real estate market.  Visit the Homeownership fair on May 16th, 2009 from 9:30 am - 4:00 pm.
The Santa Clara County Association of Realtors® is hosting the Homeownership Fair at the Santa Clara County Faigrounds on Tully Road in … (0 comments)

Pitfalls of Short Sales and REOs - 03/17/09 06:03 PM




I just attended a seminar on the "Pitfalls of Short Sales and REOs" hosted by the Santa Clara County Association of Realtors®.  This excellent seminar was presented by attorneys David Hamerslough, and Sam Chuck from the law firm of Rossi, Hamerslough,Reischl and Chuck http://www.rhrc.net/. They discussed how to handle short sales and its pitfalls and liabilities.  Topics of discussion were loan modifications (more on that in the next post), bankruptcy and foreclosures. 
When a client approaches you for a short sale "determine" (I say that loosely because you can't give legal advice as a licensee or Realtor®) if … (7 comments)

The Customer Is Always Right! - 03/11/09 04:43 PM
Customer Service is ........
Putting the customer first!
I had just moved to Gilroy and decided to stop by a local farm market which I had passed many times but never stopped at.  I heard that the produce there was the best and one day on my way home from a swim meet in San Jose I stopped on Masten Avenue to visit the farm stand.
Everything looked so fresh and yummy and I filled up my basket.  When it was time to pay I realized I didn't have enough money to pay for the produce.  I don't know if you every … (8 comments)

And the good news is ……… - 03/10/09 06:37 PM
And the good news is ……… A new research report from the National Association of Home Builders “found that affordability of houses is now at its best level in years.” When I look at the statistics of my local market I tend to agree. Home values dropped 37.5% ($390,000 vs. $624,000) last quarter compared to the same period the year before. According to a study 62.4% of median income families could afford to buy a median priced home compared to only 47% the year before. These are encouraging numbers. In February we had a few more listings, fewer sales and homes … (2 comments)

What is the bottom of the Market. - 03/10/09 02:12 PM
We are sliding down to the "bottom" - When will we know when we arrived?
We all have been bombarded with negative reports on the housing market and our economy.  We have seen our home values plummet.  We anticipated that the new bailout program was going to "save" us.
These negative reports drive the economy further down and create a down spiraling effect.  Consumer confidence dropped to an all time low of 25 last month, the lowest it has ever been, and worries about job security and dwindling net worth can perpetuate this effect. 
Last year 22.2 percent of homeowners in our … (0 comments)

Casino Night at Eagle Ridge - 03/02/09 12:25 PM
Thanks to the efforts of a few "brave" ladies the Social Committee of Eagle Ridge has been resurrected with the full support from the Board of Directors of Eagle Ridge Homeowners' Association.  They are planning their next event on March 13th and encourage all homeowners and their guests to sign up for the "Homeowners Casino Night" at the Eagle Ridge Golf Clubhouse. 
The event takes place between 7:00 pm and 11:00 pm on Friday March 13th.  This wonderful evening will include dinner, games such as craps, roulette, blackjack, and poker hosted by a professional casino group, a no-host bar and dancing … (0 comments)

 

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