Milpitas Real Estate Market Update: Stock Market Surge, Strong Home Prices, and Four-Offer Surprise! | Veterans Day Edition

Milpitas Real Estate | Best Realtor in Milpitas

Debbie Giordano –

I’m Debbie Indihar Giordano of Master Brokers. Welcome to my weekly update November 11th.

Hello everybody, I’m Debbie Indihar Giordano of Master Brokers. Welcome to our weekly update.

🏡 MARKET HIGHLIGHTS

• Government shutdown appears resolved
• Major stock market surge fueling buyer confidence
• Milpitas home prices remain strong with 14 pendings & only 17 actives
• Sunny Hills home receives 4 offers and sells $100K over list
• New Milpitas executive home listing coming mid-December

Today is actually Veterans Day, so we honor those veterans that have served our country.

My dad was a World War II vet, so it’s deep in my heart the love for veterans of our country. So let’s debrief a little bit what’s going on with the government. It looks like as of today they’re solving the government shutdown.

As of yesterday, that we were on day 39, really thrown a monkey wrench into the economy. Lots of flights have been canceled and there’s been some turmoil in the economy. However, I have to tell you it has upset the real estate market.

So what drives our industry here and our values and locally in our economy is the stock market. And actually with the government shutdown being resolved yesterday, we saw a huge increase again in the stock market. The NASDAQ rose about 400 points, which is I believe 2% of the value.

And then the Dow Industrial Average rose another, I think it was 600 points. So we’ve seen a tremendous uptick in the values here and that really affects the buyers that are here in this market. So I did close, actually yesterday I closed the town home, the 522 South 22nd Street in downtown San Jose.

It was listed originally at $1,098. I had to drop it to $1,050. We were having a little difficulty having a slow open house activity, which I might’ve shared in the previous videos with you, but we did get a buyer. We brought the buyer in at full price and we did close that yesterday.

And then a few days prior into last week, I closed 253 Park Hill Drive. That was the $1.4 million all cash. So there’s still cash out here in the Valley.

And then I’m going to share with you at the end of the video, what I did for 1830 Vegas Avenue. So stay tuned for that. All right, mortgage interest rates.

Interest Rates

We’re looking at a 30 year fixed conforming at 6.49%, 15 year fixed conforming at 5.875%, a 30 year fixed jumbo at 6.45%, and 15 year fixed jumbo at 5.875%. So interest rates are holding. We’re expecting, the news is that the feds may drop the discount rate again before the end of the year. So let’s see if that happens.

Interest rates are still favorable.

📈30 year fixed conforming 6.49%

📈 15 year fixed conforming 5.875%

📈15 year fixed jumbo 5.875%

📈30 year fixed jumbo 6.45%

Your credit score will determine what your final interest rate is. So if you talk to your lender or if you send me an email, I’d be happy to refer you a very reputable lender that I work with.

Pricing  Your Home: So where are we at with pricing? So we’ve had kind of an up and down movement this year. As you know, the real estate market took the wind out of the sails of it right around April of this year when Trump announced the tariffs. We had a huge drop in the stock market. And the stocks are what drives our real estate market here.

If you’re trying to figure out when is a good time for you to put your home on the market, we can discuss those variables and see when the best approach might be.

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

Milpitas Current Values – Where I predominately work – ‘My Sweet Spot‘ – 4 OFFERS $100k over asking

October 2025 stats right off the printing press from the real estate board put the average single family home price at $1,793,000. You know, before the announcement of the tariffs in April, we were close to almost a $2 million mark for an average price in Milpitas. So we have made an adjustment this year, have not quite recovered with that, but we’re still seeing a lot of good sale activity.

Today there’s 14 pending sales in Milpitas and there’s 17 active sales. So it’s a still a very, very strong seller’s market. The condo market is a little different.

It’s a little sluggish. It’s 25 days on market in Milpitas. The average condo price is $1,051,000 and that was closer to $1.2. So we’ve seen a little bit of change in that.

So let me share the good news with you. The sellers are very excited. 1830 Vegas Avenue in Milpitas.

It’s in the Sunny Hills area. It was a three-bedroom bath and a half. I was a little concerned because it wasn’t two full baths.

With the remodeled converted garage, the previous owners or the sellers, mom and dad that had passed away, converted the garage. It was done with permits, actually done very nicely, but the home had no garage. So I shared with you last week I had a great activity for open house, had about 50 families through.

So I was starting to feel maybe I’d get one offer, maybe two offers max. So wasn’t feeling a really good sense that this home was going to be desirable. But with the remodeling and the updating we did to the home, we did fresh paint in and out.

We did brand new laminate flooring, LVP flooring through the house, very light colored. We did a new kitchen counter. We painted the kitchen cabinet.

So the home was really ready for a new buyer to remodel. Price point on this one was $1,298,888. Well, we’ve got four offers on the home.

So I’m excited about that. And we’re pending and we’ll be closing in a couple of weeks at $1,398,888. So got a hundred thousand dollars over our list price.

I didn’t expect that. So I want to tell you that the market is still very, very, very strong.

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

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

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

Closings – Debbie Giordano Delivering Results and Multiple Offers

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!

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

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

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 Town House listing at 522 South 22nd Street in San Jose End Unit Former Model Home! with Skyline Views 4 bedroom 3 1/2 bath built in 2014 was a model home! NOW $1,050,000. We had three weekends of open house. That’s generally when I revisit the price on a property to see what’s going on, convince the sellers to bring it down to $1,050,000, make it a sizable price reduction. I don’t like a small one like $20,000 or so. I want to make it significant. And it certainly brought in the buyer. He had seen it on the open house and made the offer a little bit below list price of $1,050,000. The seller countered at full price, $1,050,000, and we went into contract with that. So pricing is very important in this market. So excited about that.

 Offer – 📌 1830 Vegas Milpitas, CA 95025 3 bedroom 1 1/2 bath ~1,352 sq ft. permitted garage conversion. Sunny Hills. Great neighborhood! Walk to Weller elementary! Walk to shopping centers! Lot size 5,900 sq ft.  $1,298,888       [$1,398,888]

Cash –

📌 SOLD ALL CASH 253 Park Hill Dr. 4 bedroom 2 bath Burnett Elementary 7k lot Very Very Good Condition!!! Near the corridor of Calaveras Boulevard and Park Victoria Drive. Original Homeowner!! $1,398,888 

I4 Days –

🔅 SOLD in 14 DAYS! 

1109 El Camino Higuera, Milpitas, CA 95035 3 bedroom 2.5 bath 10k lot, 3 car garage, ranch style 1 story 2150 sq ft. Huge corner lot.!! $2,298,888 Full Landscape Refresh Possible ADU! 

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!

📅 To make the most of the current market conditions, consider the following action items:

📌 Open Houses in Milpitas with Debbie Giordano

 Stay Tuned!

So that’s it for today. Give me a call at 408-945-8988 or giordanodj@AOL.com, and look forward to talking to you.

The new year’s going to be here before we know it, so let’s get going. 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

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

🔜 Keep a look out for 390 Monmouth Dr. Milpitas 5 bedroom 3 bath 1775 sq. feet $1,698,888  

🔜 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 2101 Uridias Ranch Road 5 bedroom 4 bath 3,450 sq. feet 14,000 sq ft lot. Original homeowner. $2,998,999 

It is an executive home, five bedroom, four bath, 3,400 square feet, 14,000 square foot corner lot right near the base of the foothills, dramatic ceilings. I can go on and on with the list of the homes.

I’m real excited. The sellers picked me to represent them. The price point on that one is $2,998,888.

Don’t have an exact date, but we’re looking around mid-December to maybe the third week of December to have that one ready to show.

🔜 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.

Recent Home Sales in Milpitas by Debbie Giordano Realtor Milpitas, CA

🔅 623 Prada Dr. Milpitas 4 bedroom 2 1/2 bath Ridgeview Terrace ~2.000 sq. ft. 6975 sq ft lot. $1,998,888 closing at $1,925,000 with a list price of $1,988,999.

🔅 3449 Suncrest Avenue San Jose $2,348,888 5 bedroom 3 bath Views right off Piedmont Rd. Meet Debbie Giordano! Sold As Is with 3 price drops with a happy seller and buyer.

🔅 1625 Serpa Dr. Milpitas  4 2 1/2 1717 sq. ft. $1,998,888 appraised and closed at $1,960,000 – OVER 70 Visitors in 2 days last weekend SOLD

🔅1351 Admire Court  Milpitas $1,550,000 closed at $1.5 *8 day sale!

🔅 1305 Sunrise Way Milpitas closing at $1.375 with a list price of $1.4.

🔅 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.

🔅 Town House listing at 522 South 22nd Street in San Jose

🔅 1299 Fallen Leaf, Milpitas 4 b 2.5 bath $1,425,000

🔅 1559 Mt. Diablo, Milpitas 3 bd 2 bath $1,680,000

✔️ 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!

Testimonials

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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

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 ~

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