Milpitas Real Estate Update: Condo vs Townhome, Interest Rates & New Listings

Milpitas Real Estate Update: Condo vs Townhome, Interest Rates & New Listings

🏡 MARKET HIGHLIGHTS

• Interest rates held steady this week, with possible rate cuts expected before the end of 2026
• Buyers are still active and purchasing when well-priced homes hit the market
• Inventory opportunities include a Milpitas duplex and the lowest-priced townhome currently available
• Spring market and good weather are bringing more activity and open houses

One of the most common questions I receive from sellers is:

“Understanding the Difference Between a Condo and a Townhome”

One of the most common questions I hear from buyers is: What’s the difference between a condo and a townhome? This is especially important for buyers in Milpitas and Silicon Valley where shared-property living is very common.

A condominium typically means you own the interior airspace of your unit, but you do not own the land beneath the building. Condo ownership is considered common interest ownership, meaning you share ownership of common areas such as hallways, landscaping, and amenities with the other owners in the complex.

A townhome, on the other hand, usually sits on its own small parcel of land. That means you own the structure and the land directly beneath it, even though there may still be a homeowners association that maintains common areas.

For many buyers, the decision comes down to:

• HOA fees and what they cover
• Maintenance responsibilities
• Financing differences
• Long-term investment goals
• Lifestyle preferences

Interest Rates and the Economy

The Federal Reserve held interest rates steady again last week, marking the second time rates have remained unchanged. There is some prediction that we may see a rate drop before the end of 2026, but for now, rates have ticked up slightly.

Current approximate rates:

• 30-year fixed conforming: 6.625%
• 15-year fixed conforming: 6.125%
• 30-year fixed jumbo: 6.5%
• 15-year fixed jumbo: 6.125%

Even with rates where they are today, buyers are still moving forward when they find the right home that fits their needs and budget. The key is pricing and condition — when a property is priced correctly and shows well, buyers are still making strong offers.

Upcoming Open Houses and Listings

We have several properties coming up that buyers should keep an eye on:

San Jose – 247 Delia Street

• Open House: April 4 & 5, 2–4 PM
• Price: $1,398,888
• 2,200 sq ft home
• Corner lot with circular driveway
• New roof, new paint, new flooring
• Opportunity to update kitchen and baths to your taste

Milpitas Duplex – 319–321 Lynn Avenue

• Open House: April 11 & 12
• Price: $1,598,888
• 2,200 sq ft total
• One unit rented, one unit remodeled and vacant
• Excellent price per square foot for Milpitas

Milpitas Townhome – 1550 Clearlake Avenue

• Price: $799,998
• Currently the lowest-priced townhome in Milpitas
• HOA: $425/month (includes garbage, pool, common area, building insurance)
• New carpet, refinished hardwood floors, fresh interior paint, staging coming

This property is a great example of a townhome where you own the land beneath the property, which is an important distinction from a condo.

Final Thoughts

As we move into the spring market, we’re seeing steady interest rates, active buyers, and well-priced homes continuing to attract attention. If you’re thinking about buying or selling, this is a great time to start preparing and putting a plan together.

Every situation is different, and the best strategy always depends on your goals, timeline, and the condition of your property. Staying informed and planning ahead makes all the difference.

If you’re considering buying or selling in Milpitas or Silicon Valley, I’m always happy to help you put together a game plan that works for you.

— 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.

5 surprising truths about selling this spring

Most of the advice you’ll hear this spring sounds the same. 

So I wrote The Spring Seller Cheatsheet – advice you probably won’t hear from most agents:

1. You don’t need to take on a massive renovation. A deep clean and fresh paint often does more than a $30k remodel.

2. A well-priced home on day one almost always nets more than a series of reductions over 90 days.

3. 75% of buyer interest happens in the first 72 hours. Make sure your agent has a plan.

4. The strategy matters more than the market.

5. The agent who tells you exactly what you want to hear on day one might feel good at the moment. The one who tells you what you need to hear is the one who gets you the best result.

That’s the cheatsheet.

Tuck it away, and when the time comes, you’ll already be ahead of most sellers before you even pick up the phone.

P.S. Or…forward this to a friend who’s considering selling this spring 🙌

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

30-year fixed conforming: 6.625%

15-year fixed conforming: 6.125%

30-year fixed jumbo: 6.5%

15-year fixed jumbo: 6.125%

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 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

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!

📌 Open Houses in Milpitas with Debbie Giordano

📌 247 Delia Street in San Jose. That’s kind of in the Alum Rock area. Be around $1,398,888. It’s a four bedroom, two bath. It’s got a circular curved driveway. OPEN HOUSE April 4th & 5th Saturday & Sunday 2-4 PM.

📌1550 Clear Lake Avenue in Milpitas. It is 1,190 square feet. It’s an end unit. 3 bed 1 1/2 bath. We’re looking at a price tag of $799,888 and if you search all the townhomes in Milpitas, it is the lowest priced one, you know, so I’m kind of excited about that.

Sinnott Elementary #1 school. OPEN HOUSE April 18th & 19th Saturday & Sunday 2-4 PM.

📌Milpitas Duplex 319-321 Lunn Avenue OPEN HOUSE APRIL 11 & 12

$1,598,888 2,200 SQ FT TOTAL.

One unit rented, one unit remodeled and vacant

Excellent price per square foot for Milpitas 

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

🔜1464 Edsel Drive in Milpitas. That’s not quite ready, 4 bedroom, 4 bath. 1300 square feet. ~$1,498.000

🔜 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 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

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

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

🔅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.

🔅 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!

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!