Guest Author: A Silicon Valley Real Estate Update

Written by Jeannie Apostole | Coldwell Banker Residential Brokerage

Homes for Sale…Sellers and Buyers: Take Heart. Silicon Valley real estate is alive and well.  In fact,it’s a healthy market with multiple offers appearing in most markets.  First time buyers are jumping at the chance to grab the First Time Buyer Credit, which requires purchasers to be in contract by April 30, 2010.

Inventory is low, especially good houses without much need of repair.  Sellers need to take advantage of the buyer’s ability to purchase higher because of low interest rates, and buyers need to not miss the opportunity of having more purchasing power.

Markets strong are in Saratoga, Cupertino, Sunnyvale, Santa Clara, Mountain View,Campbell, Santa Theresa, Palo Alto and San Jose, including sub markets of Willow Glen, Almaden, Rose Garden, Rivermark, downtown, Burbank, San Jose State area, Blossom Valley, Cambrien, Evergreen and properties along Monterey Highway.

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