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Ken Kapur

Webinars to Attend Before Buying a House In Silicon Valley

07-08-11
Ken Kapur

Welcome to the Zip Realty Home Buyer University Free Online Workshops!



Here you will find a growing library of workshops that you may view

completely free of charge which will provide valuable information that

you will need as you prepare for your home purchase.


There is nothing being sold here so view them all at your earliest

convenience.

Online Workshop Schedule

20 Things You Must Know Before Buying a Home

2011-07-03 22:00:00
Click here to register now!


25 Things You Must Know Before Applying for a Mortgage

2011-06-30 21:00:00
Click here to register now!


5 Ninja Strategies to Help You Negotiate Like a Pro!

2011-07-07 00:00:00
Click here to register now!


Time To Rake In

06-20-11
Ken Kapur
Most realtors claim that their clients are simply “waiting for the right time.” Well, if you are planning to buy real estate, why not strike now while prices are fairly low? Not only can you find great properties for yourself, but you can also buy other properties that have the potential to go UP in price in a little time and then sell it for a huge profit! Take a look in San Jose. Between $255000 and $260000,out of 23 listings , only 4 were active ( not sold yet) and 19 are pending sale as of today, Street AddressList PriceBldg SqFtAgeDOMClassStatusLot SizeCity
2736 MURTHA DR$260,0001,015 SqFt563715,220 SqFtSan Jose
1578 TOLBERT DR$260,0001,007 SqFt3326316,098 SqFtSan Jose
253 CHALET AV$260,0001,054 SqFt5246316,000 SqFtSan Jose
1569 CHRISTOPHER ST$260,0001,178 SqFt5310315,565 SqFtSan Jose
1412 MOUNT HERMAN DR$260,0001,368 SqFt50615,300 SqFtSan Jose
1652 HAVANA DR$260,0001,439 SqFt5223115,300 SqFtSan Jose
1246 POMPANO ST$259,9501,040 SqFt522115,777 SqFtSan Jose
3156 ROCKY MOUNTAIN DR$259,9501,040 SqFt512014,968 SqFtSan Jose
1805 DARWIN WY$259,9001,472 SqFt52215,150 SqFtSan Jose
479 SALMON DR$259,9001,029 SqFt5220315,500 SqFtSan Jose
531 NOKOMIS DR$259,9001,070 SqFt38916,305 SqFtSan Jose
2604 RIVERMONT CT$259,9001,176 SqFt327017,120 SqFtSan Jose
872 S 2ND ST$259,0001,218 SqFt1061415,125 SqFtSan Jose
1391 BAL HARBOR WY$259,0001,381 SqFt523515,000 SqFtSan Jose
494 NERDY AV$259,0001,113 SqFt5310215,000 SqFtSan Jose
963 MELBOURNE BL$259,0001,354 SqFt573315,100 SqFtSan Jose
335 CURETON PL$259,0001,120 SqFt642214,895 SqFtSan Jose
2552 LILLIPUT LN$259,0001,242 SqFt523516,900 SqFtSan Jose
1725 COOLEY DR$259,0001,171 SqFt3112616,290 SqFtSan Jose
4070 SAN RAMON WY$259,0001,123 SqFt5214615,000 SqFtSan Jose
3287 MOUNT LOGAN DR$256,0001,198 SqFt51115,300 SqFtSan Jose
2513 SLEEPY HOLLOW LN$255,0001,120 SqFt525915,000 SqFtSan Jose
1747 BERRYWOOD DR$255,0001,100 SqFt561118,000 SqFtSan Jose
Information contained on this report is designed for accuracy but is not guaranteed.
Some people are actually buying rental properties such as homes or condos that have been known to produce short term rental income. This web site calls this a smart move because if people are hesitant to BUY real estate but need places to reside, rental properties are their only other solution.To learn how you can make money in this hot market, you masy have to pay small amounts to buy knowledge ,but you will find it worthwhile. So as you can see, while there is a bit of a mess to the real estate game right now, there is no reason that you should avoid it. In fact, that website specifically shows you how you can benefit from the current condition of the market. Interest rates are near lows and property values are 50% of what they were only 5 years ago.

Top 3 and Bottom 3 Cities in Santa Clara County for Pending Sales Vs Active Listings

06-20-11
Ken Kapur
Top 3 cities in Santa Clara county for sale of Single Family homes  are Gilroy, San Jose  and Palo Alto and the bottom 3 are Los Gatos, Saratoga and Santa Clara. The reason could be that Gilroy and San Jose have the largest inventory of homes below $400,000 and they are selling briskly.
For The Month of May, 2011
Single Family Homes
Town Active Pending Sale Ratio
Gilroy 146 203 0.72
San Jose 1353 1864 0.73
Palo Alto 49 65 0.75
Sunnyvale 93 114 0.82
Mountain View 33 39 0.85
Menlo Park 64 73 0.88
Los Altos 55 47 1.17
Cupertino 62 52 1.19
Monte Sereno 11 7 1.57
Morgan Hill 180 113 1.59
Santa Clara 550 303 1.82
Saratoga 137 56 2.45
Los Gatos 150 48 3.13

Active Listings Vs Pending Sales in Various Price Ranges in San Mateo County

06-20-11
Ken Kapur
It is apparent that below $400000 , the sales are very brisk and the supply cannot even catch up with the demand. However above 3 million, we have a glut of homes . Out of 138 total listings only 22 were listed as sales thus we have now a supply of 6 months which is not as bad as in Santa Clara for the high priced market where we have a 13 month supply of homes above 3 Million.The reason for this is that financing is not as easy to get as banks are very gun shy.Already burnt badly , they do not want to take a chance.Already Bank of America is going to reduce Conforming loan limit from July 1 even though FHA loan limits are not going to change till Oct. 1, 2011
San Mateo County For The Month of May, 2011
Single Family Homes
RangeActivePending SaleRatio
3 Million to 30 Million116225.27
2 Million to 3 Mil75184.17
1Mil to 2 Mil2911471.98
900k to 1 Mil82392.10
800k -900K87531.64
700K to 800K110741.49
600K-700K116711.63
500K-600K1621171.38
400K-500K2061991.04
300K-400K1001170.85
200K-300K29990.29
100K-200K4210.19

Number of Current Listings VS Pending Sales in Santa Clara County

06-20-11
Ken Kapur
It is apparent that below $500000 , the sales are very brisk and the supply cannot even catch up with the demand. However above 3 million, we have a glut of homes . Out of 70 total listings only 5 were listed as sales thus we have now a supply of 13 months which is an ominous sign for the luxury market as it has become a buyer's market.
Santa Clrara County For The Month of May,2011
Single Family Homes
Range Active Pending Sale Ratio
3 Million to 30 Million 65 5 13.00
2 Million to 3 Mil 117 27 4.33
1Mil to 2 Mil 461 287 1.61
900k to 1 Mil 120 97 1.24
800k -900K 180 121 1.49
700K to 800K 227 158 1.44
600K-700K 310 203 1.53
500K-600K 327 326 1.00
400K-500K 398 525 0.76
300K-400K 250 614 0.41
200K-300K 110 438 0.25
100K-200K 11 48 0.23