Orchard Heights  is a fine collection of magnificent estate homes built by Pinn Bros.  in the Evergreen foothills area of San Jose.   Successfully established a few years ago, Orchard Heights is now back with 51 new homes for sale.  Prices in its latest release range from $1,150,000 to $1,300,000 for three different floor plans. 

“Plan 1 – The Cortland -  – 5 Bedrooms with Retreat and Bonus Room 3 Baths Approx 3628 sq. ft.

Plan 2 – The Spring Crest  -  – 5 Bedrooms with Loft and Super Family Room ~ 4.5 Baths Approx 3766 sq. ft.

Plan 3 – The Comice -  – 5 Bedrooms with Retreat and Bonus Room ~ 4.5 Baths Approx 4085 sq. ft.” 

This is indeed a great addition to the Evergreen housing community.  Welcome Orchard Heights – Part Deux!

Evergreen San Jose, CA 95148 -22

Evergreen San Jose, CA 95135 – 12

Evergreen San Jose, CA 95138 -10

With all the news about the approval of the increased conforming limits, the fears of recession, and just plain ol’ instability in all markets, its hard to keep up with rates and how they may affect refinances and purchase.  Yesterday, we saw a whole 1/2 point rate drop on the 30-year fixed programs.   What will it be today is anyone’s guess.   Interest rates are in high flux so if you’re looking to refinance or purchase it is important to keep in close contact with your lender or mortgage broker because 1/2 point swings can make significant impact on when you decide to write those contracts and lock in the rates. 

 Here’s a snapshot of what we see right now at Bankrate:

There are currently 134 active listings as of today in the 95148 Evergreen San Jose, CA market.  The average days on market is 40 days with max days on market being 90 days.  The average listing price is $730,000.

There are currently 85 active listings as of today in the 95135 Evergreen San Jose, CA market.  The average days on market is 22 days with max days on market being 40 days.  The average listing price is $826,000.