Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Building Dreams, one Home at a Time.

Our Goal is to help you navigate the complexities of Silicon Valley Real Estate such that you are happy to recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

Milpitas

Milpitas hills

Milpitas Area Profile

Demographics: 

Business and Economy:

City Government

The City of Milpitas is governed by a city council comprised of 5 members, including the Mayor and Vice Mayor, each elected to staggered 4-year terms. The government itself is managed by a City Manager.

Milpitas Civic Center

Things to Do

GOLF:

Boating:

Other:

Hiking:

  • Coyote Creek Trail, Milpitas
  • Mission Peak Regional Park – 43600 Mission Blvd, Fremont
  • Alviso Marina County Park – 1195 Hope St. Alviso
  • Stevens Creek Trail
  • Bay Trail
  • Baylands Park, 999 E. Caribbean Drive

Parks and Rec:

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Cycling

The are numerous road bike routes in the East Bay, San Jose, and South Bay accessible from Milpitas:

  • The Calaveras Face – heading east up Calaveras Road presents a challenging climb then a long descent into Sunol with routes to Pleasanton and back through Niles Canyon and Fremont.
  • Mount Hamilton – a tradition of Bay Area cyclists known for its long, 13-mile ascent and spectacular view.
  • East Bay to Fremonth, Niles Canyon, then to Sunol and Pleasanton, or the back way up through Milpitas and the Calaveras climb
  • San Jose to Morgan Hill and Gilroy loops range from 20-60 miles

Mountain Biking

UNDER CONSTRUCTION

Theater, Concerts, and Museums in and around Milpitas

Area Theater and Concert Venues and Organizations:

Area Galleries and Museums:

Dining and Shopping

Places to Eat:

Places to Shop:

  • Westfield Valley Fair – 2855 Stevens Creek Blvd, Santa Clara
  • The Great Mall – 447 Great Mall Dr
  • Milpitas Square – Barber Ln, Milpitas
  • Serra Center – 200 Serra Way, Milpitas
  • McCarthy Ranch Marketplace – 136 Ranch Dr, Milpitas
  • Milpitas Town Center – E Calaveras Blvd, Milpitas

Education Opportunities

K-12 Schools Serving Milpitas

Public schools include links to ratings on Greatschools.org; private schools include links to their website.

Private:

Higher Education

Milpitas Real Estate Market

Milpitas Real Estate Trends: Average Sales Price and Average Sales to List Price Ratio by Month

The graph above shows average sales price and sales price to list price ratio for sales in Milpitas in in the past 12 months. Like most of Silicon Valley, Milpitas average sale prices declined from May through December of last year, falling 21%. Also like much of Silicon Valley, prices have risen since then, erasing some of the losses. At the same time, the Average Sales to List Price Ratio collapsed from bidding wars driving prices up as much as 16% over list in May to 1% below list in December. The steady increase in that ratio since December indicates substantial demand for Milpitas homes.

Milpitas Real Estate Trends: Milpitas home sales by price range over the past 12 months.

This histogram details Milpitas sales by price range for the past 12 months. Here we see the peak sales are in the $800,000 to $1,000,000 range which generally represents condos and tonwhouses, with peaks higher for single family home sales.

Milpitas Real Estate: 6-month Average: Days to Sell versus Price Range

The second rule of real estate after Location: Timing. Buyers and Sellers need to understand the time trends in the market. 

Sellers need to be aware of how long it might take to sell their home. Many variables affect this time, not the least of which is list price. Milpitas homes are, on average, priced to move, with nearly all price points selling in less than a month, on average.

For the buyers, it is important to understand how fast you have to move – not just in responding to a home you like, but in how frequently you need to check the market and how quickly you need to make arrangements to view the home. 

Here we see a curious phenomenon where the lower priced homes take longer to sell than the higher priced homes almost all the way across the market. Still, for most of the market, homes sell in an average of 1-4 weeks, which is fairly brisk for Silicon Valley this year.

Understanding Price is imperative both form the Seller’s and Buyer’s perspectives.

For the seller, pricing too high can be disastrous. Buyers will focus their attention on lower-priced listings first. So can pricing so low that buyers wonder what is wrong with the property.

Much the current Silicon Valley Market is deliberately priced low to spark interest, often resulting in multiple offers driving the price up as evidenced by the ratios over 100%. 

In Milpitas, on average, most price ranges sell between 1 and 6% above list, compared to between 6% and 17.4% over list a year ago.

Milpitas Real Estate: 6-month Average Sale Price to List Price Ratio by Price Range

Help me with Milpitas Real Estate

The accuracy of the information displayed in this site is not guaranteed. The user is advised to conduct their own investigations to validate any information on which purchase or sale decisions are made. Data from the Multiple Listings Service subject to applicable limits on accuracy and content.

Original content ©2018 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.