Bay Area Housing Only Heading Up

SECRET PROPERTY ALERT: 3 bedroom 2.5 bath 1,400SF townhouse in Mountain View, under 20 minute walk to Castro. Not on the market yet. Will be priced around $850,000. Going live on the MLS in late December. Email me for a pre-MLS showing opportunity. (Share this opportunity with friends and make their day!)


IN ESCROW: 5 Caspian Ct in Gilroy $604,900 – Brand new development, and got it for $5,000 off list!

BAY AREA MUST READ: November Existing Home Sales Remain Flat According To Auction.com Residential Real Estate Nowcast
Auction.com, LLC, the nation's leading online real estate marketplace, has released its latest Auction.com Residential Real Estate Nowcast which projects that existing home sales for the month of November will fall between seasonally adjusted annual rates of 5.19 and 5.54 million annual sales, up 8.4 percent year-over-year. "People looking to buy a home today face dual constraints - extraordinarily low inventory and extremely tight credit," said Auction.com Executive Vice President Rick Sharga. "But demand may be weakening as well… (To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

Second Article: Bay Area grappling with poverty, housing costs per new Census Data
As the Bay Area recovered from the Great Recession, household incomes increased but so did poverty rates and the cost of housing, according to new data released Wednesday by the U.S. Census Bureau. In Santa Clara County, where the tech boom produced tens of thousands of new jobs as the Golden State's economy rose from the dead, median household income rose 9.7… (To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:

• Helped a buyer create a 12 month plan for purchasing a home.
• Advised a seller as to the best practices for renting a home out to potential tenants.
• Gave a seller statistical information regarding selling around the holidays.

THINGS I CAN HELP WITH:

1. Considering selling in the next 18 months? Let me know and I can give you advice and strategies to obtain top market value.
2. Looking for a home in a specific school district? My website can do that for you.
3. 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: Inventory levels will continue to drop until mid-January. Multiple offers and high sales prices will be inevitable.

RECAP: Santa Clara County
Things are continuing to look really miserable for buyers. If you notice in the graph below the red line (number of sales) has SURPASSED the yellow (new listings). Not enough homes are coming on the market. Prices will rise until this trend reverses. If the graph below does not appear, click here to view it.

RECAP: San Mateo County
San Mateo County sales are looking consistent with Santa Clara County. San Francisco is also following the trend. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.
If the graph below does not appear, click here to view it.

Housing Inventory Snapshot November 30, 2015 Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active/sold 30 Days Trend Number of Listings Alameda County, CA Single Family under $1M $612,787 -2.65% $599,950 -4.75% 53 15 517 Single Family over $1M $1,919,125 5.32% $1,500,000 -1.32% 90 18 156 Condo/Townhome under $600K $420,464 -0.81% $420,000 -0.71% 56 11 132 Condo/Townhome over $600K $744,777 0.78% $705,880 -1.69% 47 12 59 San Mateo County, CA Single Family under $1M $785,267 -1.26% $799,000 0.00% 29 / 19 -7 / 6 83 Single Family over $1M $3,995,478 7.97% $2,049,000 -8.93% 95 / 23 18 / 14 220 Condo/Townhome under $600K $491,379 6.01% $520,000 15.81% 38 / 9 8 / -5 23 Condo/Townhome over $600K $954,296 -2.33% $849,999 0.24% 51 / 14 21 / -5 33 Santa Clara County, CA Single Family under $1M $750,032 -0.41% $750,000 -0.99% 57 / 32 11 / 1 359 Single Family over $1M $2,701,404 2.15% $1,878,000 6.10% 87 / 29 17 / 14 425 Condo/Townhome under $600K $464,614 2.89% $458,000 1.79% 34 / 22 4 / 2 110 Condo/Townhome over $600K $935,379 1.35% $784,888 -1.77% 32 / 15 1 / -5 95 San Francisco County, CA Single Family over $575K $2,286,639 -8.40% $1,260,000 -9.94% 66 16 137 Condo/Townhome over $340K $1,477,536 1.08% $1,149,000 0.00% 66 11 226

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

San Jose is the Richest City in America

SECRET PROPERTY ALERT: 3 bedroom 2.5 bath 1,400SF townhouse in Mountain View, under 20 minute walk to Castro. Not on the market yet. Will be priced around $850,000. Going live on the MLS in late December. Email me for a pre-MLS showing opportunity. (Share this opportunity with friends and make their day!)


IN ESCROW: 5 Caspian Ct in Gilroy $604,900 – Brand new development, and got it for $5,000 off list!

BAY AREA MUST READ: This Is the Richest City in America
What do you get when you mix an education epicenter with a technology hub? The richest city in America. According to data compiled by Bloomberg, the newest reigning metropolitan area for wealth and productivity is … (To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

Second Article: Why Apple Is Grabbing Huge Parcels of Land in Silicon Valley
The company has already outgrown its Pentagon-sized “spaceship.” The conventional wisdom on Wall Street is that Apple’s days as a high-flying growth company are over. It doesn’t look that way on the ground. According to the Silicon Valley Business Journal, the company is working on a land deal that would let it build up to 4.15 million … (To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:

• Helped a seller create a pre-market punch list to maximize return on repairs.
• Put together a timeline for bringing a home to market around the holidays.
• Gave a buyer credit repair advice for a mid-2016 timeframe purchase.

THINGS I CAN HELP WITH:

1. Considering selling in the next 18 months? Let me know and I can give you advice and strategies to obtain top market value.
2. Looking for a home in a specific school district? My website can do that for you.
3. 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: Sellers are in total control during this time of the year. Inventory levels are dropping for two (2) reasons. 1) Sellers don’t want to sell. 2) Buyers are buying everything that comes up for sale. The next couple of months will be prime time for a seller to put their home on the market. Multiple offers and high sales prices will be inevitable.

RECAP: Santa Clara County
Things are starting to look really miserable for buyers. If you notice in the graph below the red line (number of sales) has almost caught up to the yellow (new listings). If sales surpass new listings buyers will be in a market with an ever decreasing number of homes to pick from.

RECAP: San Mateo County
San Mateo County sales are looking consistent with Santa Clara County. San Francisco is also following the trend. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.

Housing Inventory Snapshot October 2015 Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active/sold 30 Days Trend Number of Listings Alameda County, CA Single Family under $1M $629,477 -3.15% $629,900 -3.08% 38 4 782 Single Family over $1M $1,822,158 1.74% $1,520,000 -1.92% 72 3 278 Condo/Townhome under $600K $423,914 -2.92% $423,000 -5.79% 44 10 199 Condo/Townhome over $600K $739,038 -1.81% $718,000 -2.30% 36 7 84 San Mateo County, CA Single Family under $1M $795,299 -0.85% $799,000 0.00% 36 / 13 2 / 2 122 Single Family over $1M $3,700,460 -1.66% $2,250,000 12.78% 77 / 10 10 / -6 307 Condo/Townhome under $600K $463,535 1.88% $449,000 0.00% 30 / 14 -4 / 5 27 Condo/Townhome over $600K $977,038 -4.09% $848,000 -5.57% 30 / 20 7 / -13 84 Santa Clara County, CA Single Family under $1M $753,085 -1.67% $757,500 -1.62% 46 / 32 7 / 11 563 Single Family over $1M $2,644,551 5.56% $1,770,000 -1.39% 70 / 15 8 / 5 623 Condo/Townhome under $600K $451,548 -2.21% $449,950 -4.24% 30 / 19 1 / -2 140 Condo/Townhome over $600K $922,903 3.78% $799,000 -0.12% 31 / 20 6 / 5 127 San Francisco County, CA Single Family over $575K $2,496,396 15.68% $1,399,000 11.92% 50 12 243 Condo/Townhome over $340K $1,461,751 3.24% $1,149,000 4.93% 55 14 387

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.

* 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

2016 Forecast

IN ESCROW: 5 Caspian Ct in Gilroy $604,900 – Brand new development, and got it for $5,000 off list!

SOLD: 27043 Tyrrell Ave in Hayward $930,000 – 4-plex – and beat out 3 other offers and wasn’t the highest price!

BAY AREA MUST READ: What’s California real estate going to do in 2016?
California’s housing market is expected to improve in 2016, but a shortage of available inventory and continuing high costs are expected to limit the improvement, according to a report released Thursday by the California Association of Realtors. According to CAR's 2016 California Housing Market Forecast, existing home sales are expected to rise in 2016 by 6.3% over… (To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

Second Article: Proposal to phase out fireplaces in Bay Area is dropped
Scorching public opposition has sunk a proposal to phase out old-fashioned wood-burning fireplaces in Bay Area homes. The rule proposed earlier this year by the Bay Area Air Quality Management District would have barred homes from being sold or rented in nine Bay Area counties unless open-hearth fireplaces were replaced or retrofitted with cleaner wood-burning devices, or gas- or electric-fueled ones. To comply, homeowners also could have sealed off their fireplaces… (To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:

• Provided a price analysis for a duplex in Oakland.
• Helped a buyer negotiate a $3,000 credit towards closing costs.
• Gave a seller advice on maximizing returns from upgrades.

THINGS I CAN HELP WITH:

1. Considering selling in the next 18 months? Let me know and I can give you advice and strategies to obtain top market value.
2. Looking for a home in a specific school district? My website can do that for you.
3. 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: Inventory starts falling in fall, so finding properties to purchase will become tougher through till the end of the year. Sellers could stand to make a lot of money as there are fewer homes for buyers to pick from.

RECAP: Santa Clara County
Demand for housing in Santa Clara County is continuing to be very strong. Buying opportunities will remain limited until more people bring their home to the market. If the graph below does not appear, click here to view it.

RECAP: San Mateo County
San Mateo County sales are staying strong. I think the trend for the coming months will be consistent with the previous 6 months. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.
If the graph below does not appear, click here to view it.

September	Average List Price	30 Days Trend	Median List Price	30 Days Trend	Average DOM: active/sold	30 Days Trend	Number of Listings
Alameda County, CA
Single Family under $1M	$649,942	2.15%	$649,950	0.15%	34	-1	935
Single Family over $1M	$1,790,972	-2.66%	$1,549,800	1.37%	69	-6	314
Condo/Townhome under $600K	$436,674	0.14%	$449,000	0.00%	34	-2	269
Condo/Townhome over $600K	$752,682	1.87%	$734,900	4.99%	29	2	92
San Mateo County, CA
Single Family under $1M	$802,097	0.01%	$799,000	0.00%	34 / 11	-2 / -10	133
Single Family over $1M	$3,762,860	-9.92%	$1,995,000	-12.84%	67 / 16	-10 / 0	324
Condo/Townhome under $600K	$454,989	-5.68%	$449,000	-9.11%	34 / 9	5 / -5	31
Condo/Townhome over $600K	$1,018,688	-8.36%	$898,000	8.32%	23 / 33	-17 / 18	79
Santa Clara County, CA
Single Family under $1M	$765,873	1.82%	$769,999	2.67%	39 / 21	-1 / -2	650
Single Family over $1M	$2,505,274	-0.14%	$1,795,000	2.57%	62 / 9	-5 / -14	683
Condo/Townhome under $600K	$461,758	-0.94%	$469,888	-0.66%	29 / 21	0 / 5	133
Condo/Townhome over $600K	$889,268	0.98%	$799,999	0.25%	25 / 16	1 / 3	188
San Francisco County, CA
Single Family over $575K	$2,158,000	17.66%	$1,250,000	13.64%	38	-7	254
Condo/Townhome over $340K	$1,415,838	-7.23%	$1,095,000	0.00%	41	-10	384

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.

* 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
nathan@nathanproperties.com
www.nathanproperties.com