Thursday, June 11, 2015

This Isn't a Bubble - Say the Experts

FOR SALE: 7350 Crawford Dr in Gilroy $599,000 - 4 bedroom 2.5 bath exquisitely maintained 2 story home. Newer paint and flooring. On the MLS right now. Email me for a private showing.
  

FOR SALE:
19820 Graystone Ln
in San Jose $1,150,000 – 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.
  

SOLD:
306 Capetown Ct in Novato $339,000 – Sold with multiple offers in 8 days to an all cash buyer!

MUST READ: Top 10 Markets Powered by Serious Job-Creation Mojo
The best spring housing market we have seen since 2006 is underway, with above-average price appreciation. But unlike the 2003–2006 housing bubble, these gains are real and sustainable. How real? Let’s take a look at the 10 best large…
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

MUST READ: The Housing Market Is on Track for Its Best Year Since 2006 (and It Ain’t a Bubble)
As we approach the midpoint of 2015, the residential real estate market is on track for its best year since 2006, the peak of the housing bubble. (This time, though, it’s no bubble.)
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:

  • Helped a seller navigate a multiple offer situation to net an additional $8,000 in profit.
  • Advised a buyer on how to make small changes to credit in order to boost their credit score.
  • Referred an interior designer to help with remodeling ideas.


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: Still no signs of a slowdown… Multiple offers are on all properties that are priced properly. Buying is really tough in this market, so preparing early helps a lot. Sellers need to make sure that you are getting maximum exposure otherwise you could be leaving thousands on the table. If you are thinking about making a move call me so we can discuss your specific situation.

RECAP: Santa Clara County
Demand for housing in Santa Clara County is very 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 very strong as well. 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.



 May 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
$626,220
0.80%
$649,000
3.02%
32
0
687
Single Family over $1M
$1,842,079
1.42%
$1,500,000
0.01%
61
0
270
Condo/Townhome under $600K
$407,617
-2.42%
$399,900
-4.33%
27
-1
189
Condo/Townhome over $600K
$755,051
1.88%
$698,880
-3.85%
17
-1
58
San Mateo County, CA
Single Family under $1M
$780,580
3.76%
$794,888
4.59%
27 / 9
-2 / -11
80
Single Family over $1M
$4,390,247
8.99%
$2,288,800
14.50%
72 / 9
4 / -12
234
Condo/Townhome under $600K
$463,969
2.96%
$468,000
-0.21%
14 / 15
-4 / -1
25
Condo/Townhome over $600K
$1,002,913
1.86%
$868,000
5.21%
36 / 14
-5 / 4
42
Santa Clara County, CA
Single Family under $1M
$754,971
3.98%
$765,000
3.52%
33 / 23
0 / 11
516
Single Family over $1M
$2,555,419
-3.66%
$1,850,000
-5.52%
53 / 13
5 / 0
593
Condo/Townhome under $600K
$449,515
3.44%
$450,000
2.74%
23 / 19
4 / -3
131
Condo/Townhome over $600K
$905,763
0.86%
$848,000
0.00%
18 / 14
0 / 6
117
San Francisco County, CA
Single Family over $575K
$2,597,901
6.60%
$1,298,000
-2.04%
57
6
142
Condo/Townhome over $340K
$1,515,493
7.23%
$1,195,000
9.13%
45
8
218


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