Lynbrook High Homes Update 05.23.09 - Short Sale Class, Equilibrium reached in Single Family

Lynbrook High Homes Update 05.23.09 - Short Sale Class, Equilibrium reached in Single Family Homes
Lynbrook High Homes Update - Edited 05.23.09

Honor Those Who Served Our Country this Memorial Day Weekend!

Hello, this is Michelle C. Carr-Crowe with this week's Lynbrook High Homes Update for 05/23/09. First, a big THANK YOU to all of the veterans and military personnel serving the U.S. here and abroad! Second, did you know that three-day holiday weekends offer some unique benefits to buyers? To find out more, click the link below to read my blog on the subject.
Three Reasons a Holiday Weekend Helps Silicon Valley Buyers Negotiate (and GET!) a Great Home Buy

Most of our homes are now sold! Castle Knoll, Oak Knoll, Chaparral & Stevens Creek are all available to be seen by appointment this weekend. Oak Knoll will be open and taking applications for rentals on Sat. from 1:30 to 4:30.

Short Sale Class & Tour: Our next short sale, bank-owned & foreclosure seminar AND TOUR is this coming Thursday, June 4th at 6pm. Class size is limited, so you'll have plenty of opportunities to get your questions asked! RSVP to 408.252.8900.

Lynbrook Market Remains at Equilibrium: This is the second week of equilibrium in the single-family home sector in Lynbrook High area! For most of this year homes for sale were outnumbering pending sales by 25 to 45 percent. This is important news; you can see today's San Jose Mercury News front page article spotlighted the same trend in many areas of the Valley - increased number of sales, and although prices remain low (generally 10-15 percent less than last year), in many "sweet spot" markets (such as under $600K in lots of good neighborhoods), above price offers are increasingly common.

36 properties Currently for Sale in San Jose Lynbrook: 23 single-family & 13 condos & townhomes
28 Pending Sales - 26 single-family & 2 condos & townhomes
4 New Closed Sale: 3 single-family & 1 condo

Currently in single family homes we have 23 for sale, 26 pending and 3 recent closes. Another trend is several of the larger homes entered escrow in the past several weeks. Bollinger is old with a solid back-up offer and closes next week. Kimberly is closed. We'll have 1264 Oak Knoll open this weekend on Sat. from 1:30-4:30. Don't wait!

Even in other areas, multiple offers are becoming common in the entry-level home categories. I presented an offer this week for a 4 br home in Cambrian. We were one of *8* offers - and it went for over asking price. Wasn't a short sale, wasn't terribly fabulous, just right size, right place, right time.

*NEW PRICE* 6111 Castle Knoll is now only $828K! This is 1532 sf of UPDATED Space Featuring a Granite Slab Kitchen, All 3 Tile Baths and Recessed Lighting, Dual Pane Windows and Gleaming Hardwood Floors Thruout. This is desirable Regency Park - 3 Br / 2.5 Ba with Inside Laundry Room and Beautiful! Available this weekend by appointment.

COMING NEXT WEEKEND! "Lord of the Manor" Home in Lovely Los Gatos! 4 Br & 3 Ba, HUGE Walk-In Closet &Sep. Office!

BY APPT.! Enchanting Saratoga Villa, nearly 2000 sf - 3 Br + office & 3 Full Baths on ~9600 sf lot for a NEW LOW $!

Rentals: 3 rental opportunities
12779 Chaparral - 3 Br / 3 Full Bath + Office for $3600 / month, 1 year lease, available now - shown by appt.
1264 Oak Knoll - 6 Br Dilworth/Miller/Lynbrook for $3500 / month, 1 year lease, available now - Open Sat., 5/23, 1:30-4:30
3 Br Condo with DeVargas/Hyde/Cupertino for $2550 / month, available now - shown by appt.
RENTED - Sorry, 5 Br Dilworth/Miller/Lynbrook for $3300 / month, 1 year lease - RENTED

All Get RE$ult$ Team Homes Available this weekend By Appointment Only...
Just Call ... (408) 252-8900 !!

Sign up NOW for June 4th Short Sale/Bank-Owned Class & Tour: As I've recently completed my training and testing to become a Certified Distressed Property Expert (CDPE®), this week we begin offering regular classes and tours of these types of Luxury Homes that are either bank-owned, in foreclosure or pre-foreclosure or short-sales. Next class & tour will be Thursday, June 4th at 6 pm. Class & tour space is limited. RSVP to 408.252.8900 or send an email to FSSBO@michellejudycarr.com.

Did you know the First Time Buyer $8,000 Tax Credit only lasts til the government money runs out? Why wait? Grab YOUR $8,000 NOW! Call for Details - 408.252.8900!*

To receive a FREE subscription to the Lynbrook High Homes Update, send an email with "subscribe" in the subject line to LBU@michellejudycarr.com

Thanks for reading & God bless you today!