Milpitas Real Estate Market Update: Home Prices Stay Strong Despite Fewer Sales

To improving the viewing experience in https://debbiegiordano.com/market click on the title 

Top Producer

Over 40 Years Experience

Citizen of the Year

Most Homes Sold

Local Resident

Community Service

As we move through July, many families are enjoying vacations and spending time together, but the Milpitas housing market continues to stay active.

While sales volume has slowed slightly, buyers remain engaged, especially for homes that are priced correctly and show well.

📊Market Highlights

• Mortgage rates increased slightly this week, with the 30-year fixed conforming rate at 6.75%.
• Milpitas home values remain strong, with an average sales price of $1.705 million despite fewer transactions.
• Well-priced homes in desirable neighborhoods continue attracting strong buyer interest, averaging 104% of list price.
• Homes sold quickly in June, with a median market time of only 12 days.
• Summer curb appeal remains one of the easiest ways for homeowners to maximize value before selling.

Real Estate in Milpitas

Mortgage Rates Continue to Fluctuate

This week’s mortgage rates increased modestly compared to last week.

Current rates include:

• 30-Year Fixed Conforming: 6.75%
• 15-Year Fixed Conforming: 6.125%
• 30-Year Fixed Jumbo: 6.625%
• 15-Year Fixed Jumbo: 6.25%

Global economic uncertainty continues to influence inflation expectations and interest rates. Although fluctuations are expected, today’s buyers continue to adapt and remain active in our local market.

Milpitas Home Values Continue Holding Strong

One encouraging trend is that home prices remain resilient.

According to the latest Santa Clara County market data:

• Average single-family home price: $1.705 million
• Median home price: $1.8 million

Inventory has softened slightly, resulting in fewer total sales, but demand remains healthy for homes in excellent condition and desirable neighborhoods.

Well-prepared homes continue receiving multiple offers and selling above asking price.

Buyers Continue Shopping Carefully

Although only 17 homes closed during the reporting period compared to the typical 20 to 25 sales, buyer activity remains strong.

Homes averaged just 12 days on market, and sellers received approximately 104% of their asking price.

This indicates buyers are still competing for quality homes while taking a more selective approach during their home search.

Summer Curb Appeal Still Matters

One area homeowners often overlook is exterior presentation.

Simple improvements can significantly increase buyer appeal, including:

• Keeping mower blades sharp
• Avoiding cutting grass too short
• Aerating compacted lawns
• Fertilizing seasonally
• Refreshing flower beds
• Trimming landscaping

First impressions remain one of the most important factors when preparing a home for sale.

Staying Comfortable During Summer

Many Milpitas homes were built without central air conditioning, making energy-efficient cooling strategies especially valuable.

Some practical suggestions include opening windows during cooler parts of the day, using ceiling fans to circulate air, and planting shade trees to naturally reduce indoor temperatures.

These inexpensive improvements can make homes more comfortable while lowering energy costs.

Local Listing Activity

Buyer traffic remained encouraging during recent open houses, especially at 1865 Big Bend Drive, where more than twenty groups toured the property over the weekend.

Several additional listings are expected to come to market soon, offering buyers more opportunities throughout Parktown and surrounding Milpitas neighborhoods.

As always, strategic pricing and thoughtful preparation remain the key ingredients for successful home sales.

Debbie’s Final Thoughts

Although overall sales activity has slowed somewhat, Milpitas continues to demonstrate remarkable price stability and strong buyer demand.

If you’re considering selling, this remains an excellent time to discuss your options and develop a pricing strategy tailored to today’s market. If you’re buying, preparation and local expertise can help you move quickly when the right home becomes available.

I’m Debbie Indihar Giordano with Master Brokers. Thank you for following along with my weekly market updates, and I look forward to helping you stay informed about the Milpitas real estate market.

Warm regards,

Debbie Indihar Giordano
Master Brokers
Serving Milpitas and Silicon Valley
#BestRealEstateAgentinMilpitas

I look forward to sharing another update with you next week.

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.

🚨47B

Had to share this…

If you’ve owned your home for a few years, you might be sitting on more equity than you might realize. 

Prices are up since 2020, and owners pulled $47 billion in equity last quarter – the most to start a year since 2021. (CNBC)

Before you tap it, one question matters most: what are you using it for?

A repair or renovation that adds value?

You’re reinvesting in your biggest asset.

Everyday expenses?

You’ll pay interest for years on something already gone.

Two more things worth knowing:

1. Equity is a tool, not a windfall. The savviest owners don’t tap it on impulse.

2. Protect your low rate. If your mortgage is around 3%, a cash-out refi means giving it up for today’s ~6.5% – which is why a good lender will usually point you to a HELOC or home equity loan instead, so your first loan stays put. Worth asking yours before you decide.

Nothing groundbreaking, just something I’d think through before touching my own equity. Hope it’s helpful.

P.S. Borrowing isn’t the only way to use equity. Selling turns it into cash – no interest, no payments (minus selling costs). For some that’s the better move. For plenty it isn’t. Either way, you’re better off knowing both doors are open.

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.

This week’s mortgage rates increased modestly compared to last week.

Current rates include:

• 30-Year Fixed Conforming: 6.75%
• 15-Year Fixed Conforming: 6.125%
• 30-Year Fixed Jumbo: 6.625%
• 15-Year Fixed Jumbo: 6.25%

Global economic uncertainty continues to influence inflation expectations and interest rates. Although fluctuations are expected, today’s buyers continue to adapt and remain active in our local market.

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.

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

🔜1662 Everglades Drive

• Parktown
• 3 Bedrooms / 2 Bathrooms
• 1,116 sq ft
• Planned List Price: $1,198,888

This home will be sold largely as-is, allowing buyers to customize renovations to their own preferences.

🔜1750 Tahoe Drive

Seller has secured a replacement home and this listing should be coming to market soon.

• 4 Bedrooms / 2 Bathrooms
• Approximately 1,504 sq ft
• Expected Price: $1,750,000

🔜1464 Edsel Drive in Milpitas. That’s not quite ready, 4 bedroom, 4 bath. 1300 square feet. $1,498,888  Permit process with the City of Milpitas is nearing completion before listing.

🔜 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. 

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!