Monday, June 19th, 2017 at 3:30pm. 287 Views, 0 Comments.
The Property Nerds at the Boyenga Team are pleased to welcome a new nerd to the team, Meiyi Cheng. Having graduated from MIT with a bachelor’s degree in Management Science, we are thrilled to have her join us and provide in depth analysis into the Silicon Valley real estate market. This market we are immersed in is always changing (for better or worse), and it is imperative to have someone on our team who will be able to analyze trends and data. As the first real estate team in the nation to utilize a data scientist to dig deeper into the Silicon Valley real estate market, here’s what you can expect going forward.
Meiyi will be developing the first Home Sale Index focused entirely on Silicon Valley. The new index will be known as the Property…
Friday, November 18th, 2016 at 12:33pm. 1086 Views, 0 Comments.
The Silicon Valley Real Estate market is picking up, after a typical summer slump, and less than stellar early fall #homebuyers are back again out in full force. The Boyenga Team expect's an extremely strong Q1. For those #homesellers on the fence, early next year will be an ideal exit point. With pent-up demand chasing low inventory there is only one way for prices to go, and that is up!
As for the homebuyers expect multiple offers on most of the new inventory coming to market. One positive for homebuyers is that we do not expect the same amount of market exuberance that we saw in Spring of 2015, we still do expect many homes in the more affordable price points to reach new highs. If you would like a more in-depth overview of the market in your…
Wednesday, September 28th, 2016 at 7:57pm. 922 Views, 0 Comments.
Here are a few tips from the Boyenga Team for selling during the winter time.
#1- If possible have photographs of the home during spring bloom or different times of year when there is more color. In the
#2 - Stay away from religion specific staging/decorations, but stacked fresh wood in the fireplace, candles, and fluffy throw blankets can add warmth to a winter ambiance.
#3 - Don't get discouraged. The open houses and showings will be lighter and days on the market may be longer, but there are less properties to compete against.
#4 - Winter is party time, so showcase the opportunities for entertaining in the home with an enticing display. Set out stacks of plates and fresh flowers on a dining room buffet or display holiday…
Tuesday, January 19th, 2016 at 3:21pm. 4477 Views, 0 Comments.
In a recent Washington Post article about the entirely unique Silicon Valley real estate market, Eric Boyenga was quoted talking about his experience with buyers who have just entered this competitive atmosphere. With prices higher than the rest of the country, finding a home in one of the hottest markets in the country can be difficult for a few reasons.
Starting the article off with an anecdotal buying experience, Todd Frankel goes into the difficulty a married couple with two kids experience trying to find a home within their budget. Due to the fact that home prices in San Jose have a median value of $922,000, five times higher than the national average, they are constantly surprised by the perceived mediocrity of million dollar homes. But home…
Tuesday, November 3rd, 2015 at 4:46pm. 3067 Views, 0 Comments.
We are pleased to announce that we have officially joined Sindeo’s Agent Advisory Council!
"Eric and Janelle Boyenga are two well-known Bay Area real estate expert advisors with Keller Williams Realty. Together they have been practicing real estate for more than 20 years and were recently ranked #132 on Real Trends “The Thousands” list for 2015.
As a successful husband and wife team, their success comes from knowing each other’s strengths and weaknesses, and maintaining open and direct lines of communication.
Eric’s familiarity with the neighborhoods, schools, and demographics throughout Silicon Valley is crucial in today’s market, while Janelle has experience in virtually all aspects of real estate, paying close attention to…
Tuesday, November 3rd, 2015 at 2:41pm. 2441 Views, 0 Comments.
Are you thinking of making the transition from renting to buying, but aren't sure if it's cost effective? A study done by Trulia, which we have elaborated on below, explains why buying a home in Mountain View, Sunnyvale, and Cupertino is a much better option than renting in the current market.
Nationwide, it is 32 percent cheaper for millennials to buy a home than it is for them to remain renters. In a recent studyTrulia found that millennials have special considerations. They move every five years and they can only afford a 10 percent down payment. Even with these considerations in all but two of the U.S.’s top 100 metropolitan areas, it is cheaper to buy than rent. The two metros were Honolulu, Hawaii and San Jose, Calif.
One can understand…
Friday, May 22nd, 2015 at 10:35am. 1450 Views, 0 Comments.
April showers bring May flowers and for this year in Silicon Valley real estate, the rain came as housing demand. Sales price to list price is at an all time high, and the average Days on Market was at 20 last month. We know the housing market tends to flourish in the Spring, but this year is particularly remarkable. The stats all point toward a downpour of housing demand.
April 2014 compared to April 2015
- Median home prices increased by 8.3%
- The average home sales price rose by 10.1%
- Home sales rose by 4.8%
- Total inventory fell 16.6%
- Sales price vs. list price ratio rose by 1.5%
March 2015 compared to April 2015
- Median home prices improved by 3.7%
- The average home sales price fell by 0.8%
Wednesday, April 8th, 2015 at 12:43pm. 1131 Views, 0 Comments.
First Tesla Now Apple - Silicon Valley's Electric Car Race
Silicon Valley is abuzz about Apple's rumored secret auto lab located in Sunnyvale, California. With Appleinsider as a major source, bizjournal reported an intriguing article, Apple, SixtyEight Research, and a possible secret auto lab in Sunnyvale. This is exciting news for fans of all-things-green. Will Apple be joining the electric car race? If so, how will it play out and more importantly who will reign supreme? Time will tell...
Are you a proponent of Green Living and in the market for an Energy Efficient Home? We at the Boyenga Team specialize in Silicon Valley Real Estate and can guide you in your search for a Zero-Carbon Home .
Tuesday, April 7th, 2015 at 1:58pm. 1273 Views, 0 Comments.
5 Tips That Prepare Homebuyers to Pounce on Their Dream Home
The Silicon Valley Real Estate Market is hot and is expected to accelerate as the weather gets warmer. In a recent Forbes article, 5 Spring House-Hunting Tips From Real Estate Experts Across the Country, some helpful information is detailed that can actually be taken into account year round. As implied by the article's title, the tips are generalized for real estate markets across the country. Let's take a moment to tailor these tips to those looking for homes in Silicon Valley, California.
Tip #1 - Ditch Online Time and Hit the Ground Running to Open Houses
An important note highlighted in this tip was that tight springtime inventory can be seen nationwide, and warmer…
Tuesday, April 7th, 2015 at 1:55pm. 717 Views, 0 Comments.
Home Buyers Beware! Avoid Upsell-tastic Agents
Image found on buzzfeed.com
When you are searching for homes in Silicon Valley and a Real Estate Agent to guide you through the process, the last thing you want is to be led astray. Unfortunately, some agents may do just that. Their motive? The upsale. If you want a smart agent on your team, the pushy car-salesman-like , upsell-happy agent just won't cut it. Let's look at this topic a bit closer.
Who upsells? It's the pushy sales guy at the jewelry counter who insists your wife would prefer a bigger diamond. Its the well trained waiter at the Italian restaurant who suggests dessert because, you know, the more carbs the merrier. It is for the…