June 6 Sillicon Valley Marketing Meeting: “Strength of the Bay Area’s Economy and What’s Happening in the Housing Market”

     Cynthia Kroll, the Senior Regional Economist at the Fisher Center for Real Estate and Urban Economics, at U.C. Berkeley was the keynote speaker for Silvar today. The driving force of Kroll’s message was simple: Median home prices remain lofty due to the fact that Silicon Valley high priced properties are selling. Lower priced properties are not selling and this is what makes median prices lofty.

Included in today’s meeting was Indy Bank’s Celeste Martino’s Fianance Update; as Celeste pointed out, mortgage rates are moving upward for the moment. Now may be a good time to lock in a favorable rate.

Also announced was a hearty congratulations to Brian Crane, Intero Real Estate, was the winner of the $500.00 Progressive Lottery on May 23.

The following are listings presented today:

*19171 Beardsley, Los Gatos: $375,000 Whit Ryan 408 355.5093

*17520 High St., Los Gatos: $2,600,000 Ian Macrae 408 354.0984

*16465 Hilow Rd., Los Gatos: $2,398,000 Cindy Cockcroft 408 357.8613

*225 Edelen Ave., Los Gatos: $1,889,000 Joe Piazza 408 410.5020

*19521 Farwell Ave., Saratoga: $4,650,000 David Welton 408 913.7826

*4151 Briarglen Dr., Cambrian: $816,000 Neva Mills 408 666.0556

*871 Madidi Pl., Campbell: $1,267,950 Andrew Buchanan 408 777.2058

If you need more information regarding these properties or the Silvar meeting please let us know.