Milpitas Real Estate Market Update: Rates, Inventory & Summer Opportunities

A Meaningful Start to the Week in Milpitas

As we recognize Memorial Day and Military Appreciation Month, I had the honor of attending the local service here in Milpitas. It’s always a powerful reminder of the sacrifices made by those who served, many of whom are honored right here in our community.

This week also brings an important housing update for veterans, alongside shifts in our local real estate market.

🏡 MARKET HIGHLIGHTS

• Interest rates have ticked up slightly, but may stabilize as global conditions improve
• Inventory in Milpitas remains limited, supporting continued home value strength
• Well-priced homes are still attracting strong buyer interest
• Summer season is approaching, bringing motivated buyers into the market
• VA loan updates are improving opportunities for eligible veteran buyers

A Meaningful Start to the Week in Milpitas

This week also brings an important housing update for veterans, alongside shifts in our local real estate market.

VA Loan Update: More Flexibility for Veteran Buyers

A recent policy change from the Department of Veterans Affairs allows buyers using VA loans to pay for professional real estate representation.

This is especially important in high-cost areas like Milpitas, where strategic guidance can make a significant difference. While single-family homes often exceed typical VA loan ranges, condominiums—like a recent closing at $749,000—can offer a more accessible path to homeownership.

Interest Rates & Economic Trends

Interest rates have moved slightly higher in response to inflation and global uncertainty. Current averages are:

• 30-year fixed: ~6.75%
• 15-year fixed: ~6.125%
• Jumbo loans: ~6.625%

At the same time, the stock market remains strong, with major indices performing well. If global conditions stabilize, we may see improved confidence across both financial and housing markets.

Inventory & Market Activity in Milpitas

Inventory continues to be limited, with approximately:

• 33 single-family homes available
• 13 homes currently pending

This creates a balanced but competitive environment. Homes that are well-prepared, properly priced, and located in strong school districts continue to perform well.

Open Houses & Upcoming Listings

We’re seeing steady activity heading into the summer season:

Open Houses:

• Warmwood Lane (near Milpitas): Early June
• Taylor Drive (Milpitas): $1.65M, mid-June

Coming Soon:

• Big Bend Drive (Parktown area)
• Edsel Drive
• Monmouth Drive

These homes represent a range of opportunities for buyers looking to enter the Milpitas market.

Recent Sales & Closings

Recent transactions reflect steady demand:

• Milpitas condo closing at $749,000
• Duplex closing near $1.575M
• Successful sale in Lafayette without major price reduction

These results show that even in a shifting rate environment, serious buyers remain active.

Looking Ahead: A Strong Summer Market

As we move toward summer, many buyers are focused on securing homes before the next school year. This creates an ideal window for sellers to take advantage of strong equity and active demand.

Final Thoughts

The Milpitas real estate market continues to show resilience. With limited inventory, steady buyer activity, and evolving opportunities for veterans and first-time buyers, it’s a great time to stay informed.

If you’re considering buying or selling, I’m here to help you evaluate your options and create a plan that works for you.

If you’d like a personalized equity update or help navigating your next move, I’m always here as a resource.

— Debbie Indihar Giordano
Master Brokers | Milpitas, CA
#BestRealEstateAgentinMilpitas

Give me a call, 408-945-8988, or send me an email, Giordanodj@aol.com. And of course you can always visit my website, www.DebbieGerardino.com. There’s a connect, tab me and it’ll just zoom right into me and we’ll be able to get together. I’m ready to go to work for you.

Your timeline to sell

If you think it’s “too early” – read this

You should wait to talk to an agent until you’re ready to list, right?

After all, you don’t want to waste anyone’s time. You’re not ready to make any decisions yet, and you’re still figuring out your timeline. 

This might sound like counterintuitive advice but this is exactly when you should talk to an agent.

I always tell my clients that the earlier the conversation happens, the more we can shape the plan.

Sometimes the plan is not to sell. 

Other times it means making a few smart upgrades before listing, or just knowing what your home could sell for today so you can plan around it.

If you’re not in your forever home and just want a clear picture of your options, I’m here.

Take a look at my listings to see our track record: https://debbiegiordano.com/FeaturedListings

Thank you

Interest Rates – Up to the minute information on the Milpitas real estate market.

• 30-year fixed: ~6.75%
• 15-year fixed: ~6.125%
• Jumbo loans: ~6.625%

At the same time, the stock market remains strong, with major indices performing well. If global conditions stabilize, we may see improved confidence across both financial and housing markets.

I’ll talk about some listings, exciting new inventory I have coming up.

We’re ready to get your property ready. Give me a call 408-945-8988 or giordanodj@aol.com. Let’s talk, let’s get together and let’s see what we can do about this 2026 upcoming market. Thank you for watching.

Closings – Debbie Giordano Delivering Results and Multiple Offers | $300K Above Asking

The market is showing plenty of buyers and with a bit of extra work to make the home make sense to both the buyer and the seller is creating beneficial activity!

Strong Sales in Milpitas

📌 SOLD 372 Mildred Lane Lafayette $1,295,000 3 bedroom 2 bath 

📌 SOLD 247 Delia Street in San Jose. The seller is paying $26,000 worth of buy-down interest rate for that buyer to qualify. It was kind of a difficult property to sell, so the seller was very willing to do that and offer that concession to the buyer. Ultimately, the best way to navigate this complex landscape is with a team of trusted professionals. That was listed at $1,298,888. As I said, that one had a $26,000 reduction as a credit from the seller to the buyer to buy down their interest rate. But we’re closing at a price of $1,291,000. So with that credit brings the seller at a net of $1,265,000.

📌 SOLD 1550 Clear Lake Avenue in Milpitas. It is 1,190 square feet. It’s an end unit. 3 bed 1 1/2 bath. We had it priced at $799,950. One unit had come up for sale out there, a real teaser low price at $697,000 for a remodeled same unit.

So we immediately dropped the price of our unit to $749,000. Had the weekend open house, had about 25 families through, I had reported last Monday. In the meantime, we ended up with three offers on the property, and we were able to get full price, $749,000 for that unit.

So I think we did really, really well. The seller is very happy. So there’s some strategy in pricing and where you go out in the market.

📌SOLD I509 Oroville Road Milpitas. 4 Bedroom, 2 1/2 Bath duet home in the Hidden Lake area. Listed at $1,598,888 in contract for $1,630,000 due to multiple offers. 

📌 Sold  319–321 Lynn Avenue in Milpitas — duplex priced at $1,598,888. One unit is a 3-bedroom, 2-bath rented unit, and the other is a 2-bedroom, 1-bath vacant unit. $1,575,000

📌SOLD 650 Folsom Circle Milpitas List price: $1,348,888 closing near $1,285,000 after condition adjustments

📌SOLD 14884 Penitencia Creek Rd. San Jose listed $1.6M sold $1.65M

📌SOLD 2101 Uridias Ranch Road in Milpitas 12 day Close
Originally listed at $2,998,888 – We received three offers, negotiated carefully, and closed at $3,317,000, which is over $300,000 above list price. That’s a great example of how strong the market is right now when homes are priced and presented correctly.

📌SOLD: 623 Prada Drive Milpitas closing at $1,925,000 with a list price of $1,988,999

📌SOLD: 1305 Sunrise Way Milpitas closing at $1.375 with a list price of $1.4.

📌SOLD: 1109 El Camino Higuera Milpitas closing at a cash offer of $2.1 with a list price of $2,298,888 with multiple offers. A little freeway noise and a bit of a discount with the right buyer brought it in.

📌 SOLD 522 South 22nd Street in San Jose End Unit 

📌 SOLD 1830 Vegas Milpitas, CA 95025 $1,298,888 [$1,398,888] Cash

📌 SOLD ALL CASH 253 Park Hill Dr. $1,398,888  I4 Days

📌 SOLD in 14 DAYS!  1109 El Camino Higuera, Milpitas, CA 95035

Upcoming & OPEN HOUSES! Love Milpitas? – What’s Going On in Milpitas and the Bay Area Real Estate? Ask The Best Realtor in Milpitas – Debbie Giordano!

Give me a call at 408-945-8988 or giordanodj@AOL.com, and look forward to talking to you.

Let’s get going, I am ready and excited to work with you. Take care, and have a great week.

We can chat, talk. Even if you’re thinking about next year, it’s never too early to get started. Let’s get started now. So talk to you soon and thank you for watching the video and I’ll see you next week.  Have a great week. Debbie

  OPEN HOUSE Mid-JuUpcoming & OPEN HOUSES! Love Milpitas? – What’s Going On in Milpitas and the Bay Area Real Estate? Ask The Best Realtor in Milpitas – Debbie Giordano!

📌 Open Houses in Milpitas with Debbie Giordano

📌2076 Warmwood Lane San Jose Berryessa area near Milpitas – 3 bedroom 2 bath 1165 sq ft New Flooring OPEN HOUSE June 6 & 7th 2-4 pm

📌 453 Taylor Drive, Milpitas — around $1,650,000.  That’s in the Sunny Hills area. That is a five bedroom, two bath, around 1,700 square feet OPEN HOUSE Mid-June

It’s got two bedrooms and a bath downstairs, which is really neat for a lot of families that have visiting relatives coming in or need a home office downstairs or another extra suite for a master bedroom if you wanna do that downstairs. And that price point would be $1,650,000. On that one, we’re going through a fresh paint inside.

We’ve decided to take the popcorn off the ceiling and do recessed lighting. And then new LVP laminate flooring downstairs, new carpet in bedrooms and the upstairs landing. So that one’s exciting. OPEN June 20 & 21st 2pm – 4 pm. 

Coming Soon! in Milpitas by Debbie Giordano Realtor Milpitas, CA

🔜 1865 Big Bend Drive – Parktown Area 3 bedroom 2 bath near Sinnott Elementary ~$1,599,000

🔜1464 Edsel Drive in Milpitas. That’s not quite ready, 4 bedroom, 4 bath. 1300 square feet. $1,500.000

🔜 390 Monmouth Dr. Milpitas 5 bedroom 3 bath 1775 sq. feet $1,700,000  

🔜 Coming soon 479 Heath Dr. Milpitas 4 bedroom 2 bath Manor area! 1,328 sq. ft. They’re looking to locate out of Milpitas and that’s a four bedroom. We don’t have a price point on that one.

🔜 Coming soon 385 Monmouth Drive coming up. 4-bedroom, 2 bath, about 1,436-sq. ft., 6,000-sq. ft. lot in a nice established neighborhood. We don’t have a price on that one yet.

🔜 Coming soon Scott Creek Highlands area 2350 sq. ft. one story, 3-car garage. Setting a price soon.

✔️ Schedule an appointment to discuss getting your home ready for the market. 1-408-858-5771

I’m anxious to work for you. Call me and we’ll get an individual appointment and I’ll come see your property and do the assessment and let you know what I think we need to do to get it ready.

Call me at 408-945-8988 or visit my website, DebbieGiordano.com. There’s a Connect Me tab and you can get me directly there. So thank you for watching. Happy Veterans Day to you and any veterans that are out there and have a wonderful rest of the week.

When is the Right Time to Sell?

I don’t think you can time the season per se. Whatever looks good for your family and your family’s timing. It’s really predicated on the general economy, and we’ve had a great stock market ride in the last three months. It’s gone back up, and I know that that’s really helped bring more buyers to the table. So please don’t be shy. If you’re ready to go, you’re thinking about moving, call me, get me in to see the property. We’ll talk about what you need to do to get it prepped and get it ready to go and be ready for this great, amazing market.

💲Condominium Buy Before Sell Program

Ask about the buy-before-sell program for condos.

I’d invite you also, as we close, to go to my website. https://Debbiegiordano.com, there’s a tab that says team video. If you want to see how I work, I’ve got my team on there, my transaction coordinator, inspectors, sign people, my stagers on there, and you can see what my team encompasses and what we do to put together a package to productively list your home and get top market value for your properties, I’m ready to serve you.

If you want to get your home ready, let me know. Call for #BestRealtorinMilpitas 1-408-945-8988.

And I do look forward to speaking with you next week again.

Please leave some Kind Words | Most important are your results and sharing how you love working with me. I would love you to share your testimonial with me! https://rvu.today/debbiegiordano

Please subscribe to my YouTube Channel like, comment, share Facebook, and Instagram channels. Thank you!

Your Team when you list your home with Debbie Giordano of Master Brokers!

Closing Thoughts

Every market cycle brings opportunity when you understand what’s happening locally. If you’re considering a move this year—or just want to stay informed—I’m always here as a resource.

Debbie Indihar Giordano
Master Brokers | Milpitas & Silicon Valley
📞 408-945-8988 | 🌐 DebbieGiordano.com
#BestRealEstateAgentinMilpitas

Testimonials

We would like to express our sincerest appreciation for Debbie Giordano for her quick action on selling our house. We sincerely believe she is the best real estate broker covering the southern San Francisco Bay Area.

We currently live in Arizona and was definitely not looking forward to spending several weeks in the bay area while we fixed up our Milpitas property to sell. We have had renters in our house for the past six years.

Debbie not only took the reins on this effort, she charged full force straight into the thick of things. She managed to arrange the repairs in one week. She also staged the property and put it on the market. The house never looked good in the 35 plus years in which we lived in the house. Due to her valiant efforts, the house sold in just one week, and we received what were hoping to get out of the house.

Thank you, Debbie for all you did for us. It is truly remarkable that you pulled a rabbit out of the hat. Your efforts surpassed our greatest expectations.

Thank you again.

Steven & Charleen Stoner

7-24-2025

Thank you Debbie.

Even though you have taken the reigns on our MiIpitas house, and are driving forward with this; I just want to make it official that Charleen and I would like you to be our realtor for our Milpitas house until it is sold. We appreciate everything you have done thus far. Charleen and I were really comfortable with talking to you when you came out to our house and we look forward to a prosperous conclusion for the both of us. We will work with Melissa to get the documents signed.

Steve

6-19-2025

My brother and I knew that selling our family home with Debbie was going to give us the best experience possible. But what neither of us realized was how incredibly cutting edge she is about the Milpitas market, how networked and how committed she is to her clients. She stood by us and was alongside us every step of the way. Her passion and compassion are stellar. It is safe to say that neither of us have enjoyed going through the home sale process, but Debbie made it seamless and we will always be grateful to her and her great team for their amazing professionalism and care.
Thank you Debbie for all that you do!

Gloria Sherman Gallegos and Matt Sherman

6-22-2025

Thank you for the kind words:

We were impressed with Debbie’s familiarity of Milpitas from our very first meeting. Her knowledge of the local housing market and our neighborhood including schools and businesses made us feel very comfortable. She is on top of an everchanging market.

Debbie toured our home and gave us an honest assessment; she advised us on updating a few things that will make our home stand out from the others. She has a very good team of subcontractors to help with any upgrades or repairs that are needed. These subs are very respectful, on time and do quality work.

During this process, communication with Debbie and her team was outstanding. They kept us informed every step of the way.

Debbie has a staging team that transformed our home to maximize its appeal to buyers. This process was flawless and really showcased the home.

Working with Debbie was truly a positive experience. She worked very hard at keeping everything organized and on schedule.

We highly recommend Debbie. Her expertise, dedication and professionalism made the sale of our home enjoyable and successful.

Thank You Debbie

Matt & Karen

August 14, 2025

What Our Clients Say

Debbie assisted us in selling our family home several years ago and we were so impressed with her dedication, expertise, and friendly approach, we contacted her again when we interested in purchasing a property.

This time around was no different, Debbie’s communication was prompt and effective, keeping us informed every step of the way. She was always available to answer our questions and provided regular updates throughout the process. When unexpected issues arose during the buying process, Debbie’s problem-solving expertise shone through. She quickly found solutions making the closing process easier and less stressful for us.

We highly recommend Debbie to help with all of your home buying and/or selling needs!

~ John & Kathy ~

Message us today!