Short commute

Good news San Jose and Gilroy…Los Banos real estate is less than an hour’s drive and offers some affordable options for home ownership! Unfortunately, the word is out and this has reduced inventory to record lows.

While some builders are still producing new homes, the resale is always the best option as the wait time is substantially less, the neighborhoods are already developed and the overall value provides a better return than buying new.

Scott Cary, a real estate Broker with Homesmart PV and Associates spoke of a new listing in Los Banos that is sure to catch the eye of a savvy buyer. Scott just listed 1776 Tomaso Court…a 3 year old home, with over 2,800 sq. ft., that offers 5 bedrooms, 3 bathrooms, a loft and an additonal side yard that could be turned into an RV pad if needed. The list of upgrades is long, so Scott encourages you to call him direct for the complete story. He can be reached at (209) 402-8000.

The owners are relocating and have left this home in immaculate condition, Scott explains. More impressive than the condition on this home is the price. The sellers are offering this home for sale at only $580,000. Builders are selling smaller floor plans with two-car garages for this price, so it makes sense to shop around before you buy new.

Los Banos real estate is primarily a ‘bedroom’ community with homes traditionally in the 1,000-1,400 square feet range, but since 2019, builders have stepped up to meet the demand for growing families and now we are seeing homes that are 2,200 square feet and often even 3,000 square feet.

if you are a Bay Area employe and looking for affordable home ownership, Los Banos may be worth a look!

Even with the higher interest rates of 2023…keep in mind, the rates will adjust and once this happens, you can refinance. if you were t wait to purchase…like so many have decided to do, you will be competing with multiple offers and this will drive your prices up like it did in the Central Valley in 2021.