Tuesday, June 24, 2014

40% Decline in Underwater Properties!

FOR SALE: 83 Lester Ave in San Jose $799,000 – Cute Willow Glen Charmer! Light bright and ready to go! Come and see this quaint Willow Glen charmer with coffered ceilings, arched doorways, and antique style windows. The home features hardwood floors, a large basement, a large lot, and an enormous garage. Recently the home has been fully painted and prepped for a new owner. Low maintenance front lawn, plenty of room in the back for plants or a garden. Take advantage of this great home walking distance to downtown. The lot is also zoned Multi Family. CALL ME to arrange a private viewing.

19820 Graystone Ln in San Jose $1,100,000 ($100,000 price drop!) – Build your own custom dream home at the top of Graystone Ln with spectacular views of Almaden Valley. A serene and private 1+ acres lot nestled on top of the hill awaits your design. Top rated/Blue ribbon Almaden Schools, Graystone, Bret Harte and Leland. Recent conceptual plans for development are available. Ample room for a pool and all other fun backyard amenities. CALL ME to arrange a private viewing.

702 El Granada Blvd in El Granada $865,000 – This beautiful home is situated above the fog line, near the top of the hill in El Granada. Surrounded by mature trees and lush landscaping the property offers complete tranquility. Featuring 2,440 square feet of living space with an open floor plan, the home boasts dramatic high ceilings, gleaming hardwood flooring, gourmet kitchen and remodeled bathrooms. The terraced rear yard is highlighted by a waterfall and boasts spectacular ocean and harbor views. Located in the El Granada school district which includes El Granada Elementary, Manuel F. Cunha Intermediate and Half Moon Bay High School. CALL ME to arrange a private viewing.

SOLD: 2201 Monroe St #905
in Santa Clara $395,000
100 Mandalay Rd in Oakland $963,000
2040 Haines Pl in Santa Clara $850,000

MUST READ: Number of underwater homes falls 40 percent as Silicon Valley rebound continues
Continuing last year's trend, Silicon Valley's economic recovery has resulted in more homeowners coming up from under water, with the latest figures revealing that about
… (To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)


  • Settled a last minute deal breaking issue before closing escrow.
  • Negotiated a sale bringing in $15,000 more than market value.
  • Helped a home buyer navigate some financing guidelines to help determine eligibility.

Looking for a home in a specific school district? My
website can do that for you.
Looking for a home with an “open floorplan” or “big backyard”? My
website can do that too.
Email me for these CUSTOM services.

Selling before buying can be really tricky in a market like this, but you do have options. Let me help by first
filling out this form so I can get started on pricing your current home, and then we can discuss options to prevent a double move, or worse, not being able to buy the replacement!

FORECAST: With seller competition at a six year low, listing your unique or hard to sell property now can be very advantageous. Many buyers today will overlook freeway noise, or some other environmental deficiency. Contact me and we can discuss your specific situation.

RECAP: Santa Clara County
The markets are slowing down, ever so slightly. This month we have seen about 100 more homes on the market as compared to the same time last year.

RECAP: San Mateo County
FIFTH month in a row where more listings came on than sold in San Mateo County. San Mateo County is also experiencing a slight slowdown in the markets. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.


The table represents aggregated values based on MLS data for the specified date.

If the table above does not appear, you can click
here to view it over the web.

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.

* 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.

Applying Cutting Edge Systems and Strategies to Find the RIGHT Buyer or Seller in ANY Market.

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