Earlier today I updated my series on Silicon Valley short sales at my Live in Los Gatos blog, where I’ve been tracking the number of active listings in select parts of Santa Clara County which are offered for sale as short sales. Below please find the areas and dates I’ve charted:
|Los Gatos Mtns||3||2||3||0|
|San Jose (all)||1534||1777||1708||1578|
To read the entire post, please continue on to Silicon Valley Short Sale Snapshot.
Saratoga, California, is a scenic place at the base of the Santa Cruz Mountains that enjoys a very high quality of life within Silicon Valley. It is now considered a suburb of San Jose or Silicon Valley, but it was once known as a logging town during the gold rush era of the mid-1800s, and was then known as Bank Mills.
Wildwood Park is downtown Saratoga’s quiet getaway spot. Situated on Fourth Street, just off Big Basin Way in Saratoga Village, it’s a stone’s throw to great dining and shops, but borders a pleasant residential neighborhood too. For people fortunate enough to buy or rent a home in the downtown area, the park is a wonderful plus.
What makes Wildwood Park in Saratoga so special? In addition to a nice play structure and an open, grassy area (which you might expect in any city or town park), Wildwood offers a sandy volleyball court, restrooms (many smaller parks don’t) and perhaps best of all, Saratoga Creek. Tall Eucalyptus and Sycamore trees grace this downtown retreat too, so there’s no shortage of shade on warm days.
As a teenager, I attended Saratoga High School (class of 1977) and visited the park with friends or to work on my photographic skills. This is a great location for shooting pictures. What could be cuter than a child or pet by the creek? [Sometimes my girlfriends and I used to watch old movies in the quonset hut theater, The Vitaphone (it was at Big Basin Way and Third) that was then a part of downtown Saratoga’s charm. I wish I had thought to take pictures of that theater when I was downtown – it’s long since gone. Happy downtown Saratoga memories.]
Recently I stopped in to try videotaping the park since I was in the neighborhood on the real estate broker’s tour and literally was on 4th Street already. About 2 weeks ago I got a Flip Video so am learning (critics be gentle!) and hope that these couple of clips give you a sense of the tranquility and beauty of the park if you have not had the pleasure to visit it in person yourself. If you live elsewhere in Silicon Valley, perhaps next time you dine in Saratoga, you can make a side trip to see the quaint little park nearby. It’s a worthwhile visit, especially if you have a camera in hand!
Do you want or need to sell your Silicon Valley home this year? If so, you ought to take the staging of your home very seriously. Often homeowners hire a Realtor (or other real estate licensee), ask for their advice on preparing the house and yard for sale, and then proceed to disregard all or most of the guidance given.
Why do would sellers hire an agent and then not take the professional advice offered? Especially in THIS market? The result is frustrating for both the homeowner (who will not realize the best possible price) and for the agent (who cannot control the condition, but who is hampered in selling the home because of it).
To be candid, the odds are that you will not be able to sell your home in San Jose, Los Gatos, or Saratoga this year. Countywide, most homes are NOT selling. Actually, let’s look at the numbers for just a moment – you will see that it’s fairly sobering.
In the Cambrian Park area of San Jose (zip codes 95124, 95118 and a little of 95008), there are 241 single family homes and condos or townhomes for sale (the “active listings”). In that same district, just 109 are pending sales. This refects about a 45% chance of selling.
In Almaden Valley, an upscale collection of neighborhoods comprising the 95120 zip code area of San Jose, it’s much worse. There are 121 houses and townhouses or condominiums for sale, and a mere 34 which are under contract to sell. The odds here are 28% that you’ll sell.
For Los Gatos (95032 and 95030), it’s 203 available vs 50 pending. Down to 24% opportunity to sell.
Saratoga (95070) has 152 active listings and just 33 pendings, or a 21.7% sales success.
Saratoga, California, is a delightful part of Silicon Valley that boasts low crime, high scores in schools, and strong property values. Today we’ll have a look at the list prices of homes to see what’s happening with the various real estate markets there. How are things faring amid the mortgage meltdown which is impacting most of Silicon Valley?
Here’s a graph of the combined single family home and condominum/townhouse pricing for Saratoga CA real estate – it will give you an overview of the many price points and types of homes combined.
At first glance, it looks like condos and townhomes in Saratoga are falling in value while single family homes are rising in value. Is that the case?
Of course, “the market” in Saratoga or anywhere else in Silicon Valley is dependent upon many things, such as exact location, views, school districts, price point – to name a few. It may or may not be as simple as this graph implies. So let’s take a closer look.
The following image shows pricing of active listings in Saratoga real estate among single family homes, broken down by quartiles. As you will note, the highest priced homes have shown the most volatility in this market. March and April seem to have been a low point for pricing.
Saratoga is a highly desireable place in which to live, a great retreat from the hustle and bustle of Silicon Valley. Nestled into the Santa Cruz Mountains, it is just a few miles to the north of Los Gatos. Its an upscale town noted for great schools, low crime, scenic beauty, fabulous shops and restaurants, and stunning estates. Like most of the valley, this area was largely orchards and also some vineyards & wineries 50 or 70 years ago. In fact, the largest prune orchard in the world was once Hume Ranch, which had 680 acres of prune trees!
Exceptional entertainment is abundant in Saratoga. Take in concerts at The Mountain Winery (formerly called Paul Masson Mountain Winery) and at Villa Montalvo, two lovely outdoor venues for music, or go wine tasting or horseback riding at Cooper-Garrod off Pierce Road. The new Saratoga Library is a wonderful place to spend a rainy winter day too.
Saratoga, CA, has a beautiful assortment of custom esates, many with views. Some are horse property, others include vineyards – or both! Ranging from sprawling, comfortable ranch to Mediterranean, contemporary, and ecclectic (there is even one castle in Saratoga), there’s no shortage of choice in the Saratoga luxury market.
Below, please find a link to a list of currently available homes for sale in Saratoga, CA, listed over $2,000,000. This link will take you to a site hosted by me for searching available listings, so feel free to browse other areas while there. Enjoy!