Friday, April 6, 2012

Short Supply of Homes in Silicon Valley

FOR SALE: 117 Pinon Dr in Portola Valley $2,449,000

FOR SALE/RENT: 702 El Granada Blvd in El Granada $899,000. For rent @ 3850/mo.
17791 Via Valencia in San Lorenzo $271,000
369 Wayside Rd in Portola Valley $2,475,000

147 Pinon Dr in Portola Valley $2,495,000 (within 3 days of being on the market)

IN THE TRENCHES: Nathan’s Recent Experiences
·         Wrote an offer for a tri-plex in Oakland, asking 500K, sold with 10+ offers above 600K.
·         Wrote an offer for a property Belmont, asking 925K, sold with 6 offers above 1M.
·         Discussed with my financial advisor the benefits to holding property in an LLC for tax benefits.

1. Buy properties with your Self Directed Real Estate IRA.
2. Learn about the benefits of a pre-listing consultation.
3. Make sure your dream house is really out there before you put your home on the market.

Buyers compete for short supply of homes in Bay Area
In case you missed the Mercury News article dated 3/24/2012, here it is!
Peter is smack in the middle of a major shift in the Bay Area housing market. The Peninsula real estate agent recently had a modest Palo Alto ranch-style home draw 38 offers and sell in eight days for nearly a half-million dollars more than the asking price, all par for the course in Palo Alto's overheated real estate market. "We started at $1.2 million and ended up selling for ...

Distressed homeowners may lose hefty tax break tied to mortgage modifications
Given the huge public and private resources being devoted to helping financially distressed homeowners — including the recently announced $25 billion national mortgage settlement with five major banks — you might assume that a key federal tax-law benefit underpinning these efforts would be a shoo-in for renewal. But it’s not. The Mortgage Forgiveness Debt Relief Act is set to expire in

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.
For Comparison: Sales in the cities west of highway 880 are becoming stronger.
Market Snapshot
The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

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Eligible California homeowners can access up to $25,000 for energy-saving projects like insulation, heating and cooling systems, and solar panels. Visit for more information.

* Mortgage rates were collected from publicly available sources ( on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

I provide guidance and build confidence in people, enabling them to reach their full potential and turn their dreams into reality.

Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (415) 236-3826
Direct: (650) 352-5322