CA Real Estate and Homes: Is there a Real Estate Bubble – A Bay Area View
As a Realtor for Coldwell Banker in Los Altos, California, and Movoto, the real estate website, I strongly disagree. The market for Palo Alto, Los Altos, Mountain View, and Cupertino has been as strong as it was in 2004. Multiple offers are still occurring at a fast pace, and many homes are going over the asking price.I believe that there are two reasons why the Bay Area market has remained strong.

Interesting, so apparently the Bay Area is now Palo Alto, Los Altos, Mountain View and Cupertino.

What about Redwood City, East Palo Alto, Milpitas, Gilroy and parts of San Jose? Are they no longer the Bay Area? Is the Bay Area just 4 cities now? Heck… what about Sunnyvale – it’s bounded by Cupertino, Los Altos, and Mountain View.

FWIW according to DQNews, Gilroy’s median price dropped 1.2% YoY, and sales volume dropped 52% YoY. Milpitas saw a 41% YoY drop in volume. The 95126 part of San Jose saw a 12.7% drop in median prices, and a 58.5% drop in sales volume. The 94085 part of Sunnyvale dropped 43% YoY in volume. I won’t even mention the foreclosure rate in some of these places.

But I guess that’s just data – which isn’t all so popular these days. Perhaps Nick has the same problem that Colbert has with books: “They’re all fact, no heart.” If you know something’s right in your heart, then it’s right.

Welcome to Milpitas week here on Burbed! It’s Day 5 – the last day. I hope you’ve enjoyed it!

First, a fact about Milpitas: Milpitas often experiences odorous air emanating from the Newby Island landfill and the Zanker sewage treatment plant. The odor is especially serious west of Interstate 880 because of its close location to the San Francisco Bay.

MLSlistings Property Detail for MLS number 713429
1985 ARIZONA AV
Milpitas, CA 95035

$525,000
BIG VALUE-LOW PRICE!!
SHORT SALE/PRE-FORECLOSURE – OFFERS SUBJECT TO LENDER’S APPROVAL & LENDER TAKES 6 WEEKS TO RESPOND TO OFFERS. WE HAVE ALREADY RECEIVED MULTIPLE OFFERS OVER ASKING PRICE AND ARE WAITING FOR LENDER’S APPROVAL ON ONE PROVIDED ALL BUYERS ARE ABLE TO WAIT FOR 6 WEEKS . THE HOME IS PRICED EXTREMELY FAIRLY CONSIDERING IT IS A FIXER-UPPER, THEREFORE BUYERS OFFERED HIGHER PRICES. THANK YOU AGENTS! *** MOVE IN, REMODEL, OR REBUILD! LARGEST HOUSE & LOT FOR LOWEST PRICE IN MILPITAS! GREAT NEIGHBORHOOD WITH REMODELED & NEWER HOMES ON A LOW TRAFFIC STREET! VIEW OF MOUNTAINS! ADDITIONAL ROOM NOT INCLUDED IN SQ FT. LOT IS 5663 SF PER COUNTY RECORDS. NEWER ROOF & WATERHEATER. PEAKED CEILINGS INSIDE. KITCHEN OPEN TO LIVING ROOM. FIXER-UPPER. BUYER TO PAY FOR THEIR OWN INSPECTIONS. PRE-APPROVED BUYERS ONLY WITH LENDER’S LETTER. AS-IS ONLY. 2-3 WEEK CLOSE WANTED.

This Single Family Residence has the following features:
MLS#: 713429 Approx Age: 49 Years Approx Sq Ft: 1264
Detached Single Family 1 Story 4 Bedrooms
2 Bathrooms 1 Stall Shower 1 Shower over Tub

OMG! What am I doing wasting my time posting this? I should be out there putting a higher offer! This house will be great for me to move into, to fix up, or to rebuild. Talk about flexibility!

Sorry, gotta go… I only hope I can get there fast enough to outbid everyone else! Maybe I should start at $1 million!

California has worst U.S. traffic: study – Yahoo! News
Californians idle in the nation’s worst traffic jams on interstates surrounding major metropolitan areas but they are far from alone — 52 percent of these urban stretches of highways are congested, according to a new study released on Thursday.

Sweet! We’re #1! We’re #1! Woot!

Welcome to Milpitas week here on Burbed! It’s Day 4!

MLSlistings Property Detail for MLS number 665687
420 GOSSER ST
Milpitas, CA 95035

$649,999

This Single Family Residence has the following features:
MLS#: 665687 Approx Age: 46 Years Approx Sq Ft: 900
Detached Single Family 1 Story Ranch
3 Bedrooms 2 Bathrooms 2 or More Stall Showers

You might be wondering: Burbed, why did you pick this house? There’s nothing wrong with it. It’s just your usual $722 per square foot house in special Milpitas.

Well reader, I picked this house because of the photos that were included. Let’s take a look:

So here are my questions:

1) Why does this 900 sqft house have a kidney pool and a green house?

2) What’s the upper right picture supposed to be of?

3) Why show a gate with crap along side the house? Is this supposed to let me know that I can park 29 cars on this property?

What are your guesses?

Welcome to Milpitas week here on Burbed! It’s Day 3!

MLSlistings Property Detail for MLS number 727905
385 CARNEGIE DR
Milpitas, CA 95035

$599,900

This Single Family Residence has the following features:
MLS#: 727905 Approx Age: 52 Years Approx Sq Ft: 1436
Detached Single Family 1 Story 4 Bedrooms
2 Bathrooms 2 or More Showers over Tubs 2 or More Tubs

Milpitas is so prime, so special, so great weather that I just had to share this house with you. You see, it sold on 4/4/2007, for $525,000. And then, the new owners wanted to give back to the community, by allowing you to buy it – so they put on the market on 5/22/2007 for $599,900.

That’s just $1,560 appreciation per day – nothing out of the ordinary for a place as special as Milpitas. Besides, just look at some of the other photos:

Huh? Huh? Yeah – that’s right. I knew that was going to get your attention. Now you see it don’t you.

This house is going to sell for no less than $718,000. How did I get that price? Why – the standard Bay Area benchmark: $500 per square foot.

Seriously – this might be your last chance to buy in Milpitas. Overbid today! Don’t miss out on your $1,560 per day appreciation!

Welcome to Milpitas week here on Burbed! It’s Day 2.

MLSlistings Property Detail for MLS number 702417
405 GREATHOUSE DR
Milpitas, CA 95035

$694,888

This Single Family Residence has the following features:
MLS#: 702417 Approx Age: 46 Years Approx Sq Ft: 1542
Detached Single Family 1 Story Ranch
3 Bedrooms 2 Bathrooms 1 Stall Shower
1 Tub Separate Family Room Separate Dining Room

Wowsers. Check out the parking potential of this house! If you had Mini’s, you could easily park a stack of them there. And check out the ornaments on the front gate, and the fountain in the back. Can you say: curb appeal?

Buy it today! This sold on 12/29/2004 for $555k. When you sell it in 2010, it’s bound to be a million dollar house!

Best Cities for Young Professionals

Head to the Big Apple, and your chances of getting the corner office might not be as far off as you think.

That’s because New York City tops our list as the No. 1 city for young professionals.

That likely comes as a shock to, well, no one. Many of America’s best companies, as determined by Forbes rankings of the best 400 big businesses and best 200 small businesses, including financial giant Goldman Sachs and media conglomerate News Corp. are in New York. Throw in New York’s bars, clubs and world-class dining, and you get a city teaming with young professionals.

San Francisco clocked in at No. 2 and Atlanta at No. 3. Los Angeles, Washington, D.C., Boston and Seattle filled spots four through seven, and Minneapolis, Philadelphia and Denver closed out the top 10.

Congrats to SF for coming in at #2.

This means only one thing: housing prices will continue to rise. It’s special here.

Welcome to Milpitas week here on Burbed! It’s Day 1.

First, a fact about Milpitas:  The name Milpitas literally means “little cornfields,” reflecting the farming background of the area.

And now, let’s look at this:

432 Live Oak Ct, Milpitas, CA 95035. Milpitas Real Estate/Home for Sale.
432 Live Oak Ct, Milpitas 95035

Bedroom: 3 Bathroom: 2 MLS#: 707026 Square Footage: 1010 $560,000
Status:
Active
Year Built: N/A Parking Spaces: 2 List Date: 2/12/2007 Lot Size: 3049

DESCRIPTION -
432 Live Oak Ct, Milpitas
!WOW THIS IS IT! IMMACULATE NO NEED TO PREVIEW. PROPERTY WAS RECENTLY REMODELED NEW BATHS, CARPET, INT. PAINT IT LOOKS GREAT DONT WAIT TO LONG IT SHOULD SELL QUICK. LOW PRICE FOR A GREAT HOME NEAR GREAT MALL

Man, I’m sure glad the description says it’s so good that I don’t need to preview it. Clearly this has worked out since this house has been on sale since 2/12.

But still, if you were plunking down $560k for a house, wouldn’t you want to at least inspect the steel bars on the door? Or check out the kitchen?

But hey, that’s just me. Milpitas is prime – buy today!

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Thanks readers!

Property details

Location: Saratoga
Price: $1,150,000
Status: Coming soon
Bedrooms: 3
Bathrooms: 2.5
Approx Square Feet: 1900
Approx Lot Size: 10000
Find nearest schools: click here

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Estimated payment: $6,340 per month*
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Description

Sad trustee is offering to sell exclusively, Original family ranch
style home in Saratoga. Condition is Excellent, Location is Great,
Corner lot.
Please call if you are interested, in viewing. This may not go to
market, at Sellers request.Property is located between prospect and
cox. Cupertino Schools.

Thanks to an unnamed Burbed reader for this one. You really have to click the link and go see the original website to truly appreciate it – you, see the flipping $20′s is animated.

You’re pretty much going to need an infinite loop of 20′s to afford this house – which may or may not go on sale.