San Jose Flea Market

The San Jose City Council voted yesterday to approve developing of a new urban village on 120-acre property of San Jose Flea Market near future Berryessa BART - with roughly 2,800 homes and up to 365,000 square feet of commercial space.

Trellis Sunnyvale house prices up

The Centex Homes, builder of Trellis Sunnyvale homes, posted new prices for new fifty five homes in $940,900 - $1,000,900 range. The previous prices for three and four bedroom homes were within $918,000-$975,000 range just a month ago.

Tantau Development sold to Apple

Apple has bought nine acres in Cupertino from Pacific Resources Development company.
The company had planned to build 125 townhouses between Pruneridge Avenue and Interstate 280 on 10300, 10400 and 10501 North Tantau Ave, but suddenly withdrew the application in February. Apple also owns a 50-acre parcel on the other side of North Tantau Avenue where it is expected to build a campus for up to 3,500 of its employees who currently work in buildings spread around the city.

Bay Area median home price up again

The Bay Area's median house prices up 2.7 percent from March 2006 to $690,000. Condo prices also made substantial gains in most counties, including Santa Clara, San Mateo and Alameda. The Santa Clara County got median house prices at $755,000 last month, up 2.7 percent from March 2006. By the way rates for 30-year mortgages have been in the low 6 percent range for several weeks, lower than at this time last year. Is it a good time to buy property?