Tuesday, May 15, 2012

Time to make that move!

FOR SALE: 117 Pinon Dr in Portola Valley $2,349,000

IN ESCROW: 570 4th Avenue, Redwood City $515,000

IN THE TRENCHES: Nathan’s Recent Experiences
·         11 groups came through my open house on 117 Pinon Dr in Portola Valley.
·         Competed for a home with 11 offers and another on a home with 9 offers.
·         Counseled sellers in Sunnyvale and Woodside on what it would take to prepare their home for a successful sale.
·         Won the bid on a multiple offer situation for clients in Redwood City and then the property appraised $5K over sales price!

The housing market has drastically changed in the past 6 months. We are seeing many multiple offer situations, and inventory levels are so low that the shortage is actually causing a decline in sales as there aren’t enough properties to keep up with demand.

If you thought you were a short sale seller, you might not be….get the latest price on your home by calling me directly.

If you allow me to make a few suggestions while you are considering a sale of your property, I will show you how to get more than you expect…FASTER.

My buyers are achieving their dreams!

This increase in activity may not last very long. If interest rates rise, even just a little, purchasing power will drop and that will surely impact prices. Now is a fantastic time to start considering your next move whether you are a buyer, seller, or both.

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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* Mortgage rates were collected from publicly available sources (yahoo.com) 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