San Francisco Peninsula Update on the Housing Market

February 11, 2013

40verbaleelane-hillsboroughOn the San Francisco Peninsula there are 14 active and 16 pending sales in Burlingame. Low inventory continues to be a problem everywhere. It is amazing how agents keep coming up with properties to sell to their waiting “pent up” buyers. Our Burlingame office just had 50 offers on a pair of fixer properties in San Mateo, which sold all cash substantially over asking price. There is little new inventory coming on in Hillsborough, however the high end is starting to show movement with four properties over $10 million and two over $5 million now in escrow. This is very encouraging to see high-end buyers actively in the market. Our Palo Alto manager says the inventory is even scarcer (if possible) than last year – while the demand is higher. Lack of inventory is the biggest concern for agents and clients in the Redwood City-San Carlos area. Agents are working in a wider area in order to find properties for their buyers. In San Mateo, our manager sees a slight increase in listings. Homes that are off-market coming back on the MLS in the Woodside and Portola Valley area. Sales have picked up over the past two weeks. Everyone has lots of buyers – not too many sellers yet.

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Uses for Holiday Cards

January 25, 2013

American card, circa 1940

American card, circa 1940 (Photo credit: Wikipedia)

Holiday cards always make me smile and reminisce about the person who sent it. I really hate to dispose of them, so mine are still sitting in a basket – for one more look. This year I plan on recycling some of the cards by sending them to St. Jude’s Ranch for Children. Please read below for further information on how to do this.  

I also heard a clever idea for the family photo holiday cards. Take a picture of the card with your smart phone and then store it as the picture in your contact information. Then every time that special person calls you will see the wonderful family photo.

Donating Tips for St. Jude’s Ranch for Children

  • All types of greeting cards, including Christmas are accepted.
  • Only the card front can be used (please check to be sure the backside of the front of the card is clear of any writing, etc.)
  • They do not accept Hallmark, Disney or American Greeting cards.
  • 5 x 7 size or smaller is preferred
  • To mail large quantities in the least expensive way, use the United States Post Office in a Flat Rate Box (available at the Post Office), which holds up to 70 pounds.
  • Mail donations to :
    St. Jude’s Ranch for Children
    Recycled Card Program
    100 St. Jude’s Street
    Boulder City, NV 89005
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Best Performing Cities

January 22, 2013

Cities on the Peninsula and in Silicon Valley have made the list of Best-Performing Cities nationwide by the Milken Institute.

The United States’ best-performing metro area is San Jose, the capital of Silicon Valley. Other cities with strong exposure to technological innovation scored high in the new ranking: Austin, Texas (No. 2, up from fourth place); Raleigh, N.C. (No. 3, up from No. 14); the Washington, D.C., metro (No. 5 from No. 17); and Cambridge, Mass. (No. 8 from No. 12).

San Francisco-San Mateo-Redwood City were ranked 36 on the list in 2012, compared to their 52 spot in 2011.

“People expect tech to be one of the most dynamic sectors of the economy, and it was,” Ross DeVol, chief research officer of the Milken Institute and one of the report’s authors, said in a statement.

“A perhaps less expected highlight of this year’s rankings is how the national resurgence in manufacturing is reflected in the greatly improved fortune of local economies, especially in the upper Midwest,” he said.

Among this year’s biggest gainers in large metros is Holland-Grand Haven, Mich., leaping 108 places to No. 40. Other Midwestern hotspots include Minneapolis-St. Paul; Gary, Ind.; Warren, Mich.; and Indianapolis. Each city moved up at least 70 spots in this year’s index.

The Best-Performing Cities index includes measures of job, wage, and technology performance to rank the nation’s 200 large metropolitan areas and 179 smaller metros.

Unlike other “best places” rankings, it does not use quality-of-life metrics, such as commute times or housing costs. In the Institute’s index, employment growth is weighted most heavily due to its critical importance to community vitality. Wage and salary growth measures the quality of jobs created and sustained.

Article compliments from Patch.

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Celebrity Historical Homes For Sale

January 6, 2013

Al Capone's house in Varadero

Al Capone’s house in Varadero (Photo credit: Dani Figueiredo)

 

Al Capone's house in Varadero

Al Capone’s house in Varadero (Photo credit: Dani Figueiredo)

Happy New Year Everyone!

Please enjoy our new Celebrity Homes that are Historical that are on the Market. Check out Regan, Al Capone, and Virsace…

http://xfinity.comcast.net/video/legendary-celebrity-homes-on-the-market/13783107803

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Spectacular Home

December 28, 2012

Check out Larry Hagman’s home for sale in Ojai! It is even narrated by himself. A spectacular home.

http://www.hagmanheaven.com/ojaimain.html

San Carlos One of Top Real Estate Home Prices

December 2, 2012

San Carlos Tenth Most Expensive Real Estate Market in Country…
 
This home on Beverly Dr. in San Carlos is listed at $1,585,000, Courtesy of Coldwell Banker.
 
Tech investor Yuri Milner's $100 million home made headlines when he bought it in March 2011. In July 2012, it was assessed at just half that figure    Credit Courtesy of Google Satellite
This home on Willow Road in Belmont is listed for $1,995,000Credit Courtesy of Re/Max
This home on Beverly Dr. in San Carlos is listed at </p><br />
<p>$1,585,000Credit Courtesy of Coldwell Banker
This home on Northam Ave. is listed at $1,795,000

How much does it cost to buy a four-bedroom, two-bath house?

This year, Los Altos/Los Altos Hills, at an average price of $1,706,688, is the most expensive market in the country when it comes to how much house your dollar will buy, according to Coldwell Banker’s annual Home Listing Report.

And San Carlos isn’t far behind, ranking 10th on the list, with an average listing price for a four-bedroom, two-bath home priced at $1,230,880 (wedged right between Carmel-by-the-Sea and Greenwich, CT). Belmont comes in at number 15, with an average home price of $1,098,777.

In fact, of the nation’s top five most expensive markets, four are on the lower Peninsula and Santa Clara County, and all are in California. Besides Los Altos, they include Saratoga ($1,582,434), Menlo Park ($1,506,909), and Palo Alto ($1,495,364). Newport Beach, in the No. 2 position ($1,658,000), was the only market outside of the Bay Area in the top five.

Coldwell Banker attributes Los Altos’ ranking to the confluence of tech and desirable locations. Google, Apple, Facebook and Stanford University are all located within 15 minutes of Los Altos, Coldwell Banker observed. And, so are the other top-five cities Saratoga, Menlo Park and Palo Alto.

And Los Altos Hills is the town that brought you the $100 million home, purchased by Russian tech investor Yuri Milner in 2011.

“The success of many of our native tech companies has shined a spotlight on Silicon Valley and our real estate market in the San Francisco Bay Area,” said Rick Turley, president of Coldwell Banker Residential Brokerage in the San Francisco Bay Area, in a written statement.

In fact, among the top 20 most expensive markets in the country, ten of them are on the Peninsula or in Santa Clara Valley. They include the additional cities (in order of price) of Los Gatos, San Carlos, Cupertino, San Francisco and Redwood City.

High demand, low inventory, desirability and population projections all figure into the prices, Turley said.

Conversely, the most affordable was in Redford, Michigan, where the average a four-bedroom, two bath house cost $60,490—or 28 times less than the same house in Los Altos.

Coldwell Banker lists both the top 20 most affordable and the most expensive in the chart below.

For a state-by-state ranking, see this Coldwell Banker link.

Rank Most Expensive State Avg Listing Price Most Affordable States Avg. Listing Price
1 Los Altos $1,706,688 Redford, Mich $60,490
2 Newport Beach, Calif. $1,658,000 College Park, GA $62,080
3 Saratoga $1,582,434 Detroit, Mich. $65,155
4 Menlo Park $1,506,909 Cleveland, Ohio $70,0665
5 Palo Alto $1,495,464 Poinciana, Fla. $76,341
6 Los Gatos $1,444,214 Hastings, Fla $78,840
7 Rye, N.Y. $1,312,250 Jonesboro, GA $79,686
8 Kailua, Hawaii $1,238,208 Park Forest, Ill. $81,107
9 Carmel-By-the-Sea $1,232,167 Augusta, GA $83,966
10 San Carlos $1,230,880 Johnstown, Penn. $84,173
11 Greenwich, Conn. $1,200,525 Cleveland Heights, Ohio $84,535
12 Cupertino $1,151,145 Saginaw, Mich. $85,345
13 San Francisco $1,132,086 Fort Pierce, Fla. $89,292
14 Weston, Mass $1,105,692 Country Club Hills, Ill. $90,788
15 Belmont $1,098,777 Irvington, N.J. $92,264
16 Boulder, Colo $1,084,183 Lehigh Acres, Fla $92,819
17 Orono, Minn. $1,070,203 Terrell, Texas $96,329
18 Mercer Island, Wash. $1,059,411 Warren, Mich. $96,349
19 Darien, Conn. $1,056,933 Ellenwood, Ga. $97,850
20 Redwood City $1,010,394 Maricopa, Ariz $97,886

 

 

Biggest Gingerbread House

December 1, 2012

In keeping with its annual tradition, Walt Disney World’s Grand Floridian opened up its life- sized cookie doorsfor guests to buy gingerbread treats and holiday décor in the lobby of the Victorian-themed hotel.

Santa Comes to Hiller Aviation in San Carlos

December 1, 2012

  • Join us for Christmas Carols by the San Carlos Community Band
  • Cookies, sodas and candy canes
  • Santa will be available from 10am-12pm to listen to the kids Christmas list
  • No Charge for Santa’s arrival – sponsored by the San Carlos Chamber of Commerce
  • Museum doors open at 9:30AM

Special Snow Globe with Your Address

November 28, 2012

Snow Globe icon

Snow Globe icon (Photo credit: Wikipedia)

This is a fun snow globe for this time of year. You just have to put in an address and it shows up with your house in snow. Of course, this is based in Google. I watch my house change all the time in google. All you need to do is:

ENTER YOUR ADDRESS and ZIP CODE (City & state not needed)

Then click the “Shake” button.

http://www.draftfcb.com/holiday2011/

My friend, Doug Anderson shared this with me and I thought it would be fun for everyone.

Happy Holidays!

Nancy

 

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World’s Most Expensive Home

November 25, 2012

English: Panorama of the beachfront of Nice, F...

English: Panorama of the beachfront of Nice, France. (Photo credit: Wikipedia)

http://youtu.be/ej9zGQbo67w

Check out this video on the world’s most expensive home which is located in Nice, France.

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