Friday, September 11, 2015

Demand For Bay Area Housing Strong

IN ESCROW: 27043 Tyrrell Ave in Hayward $930,000 – 4-plex – and beat out 3 other offers!
IN ESCROW: 5 Caspian Ct in Gilroy $604,900 – Brand new development, and got it for $5,000 off list!

SOLD:
19820 Graystone Ln in San Jose $1,135,000 – Sold with multiple offers!

BAY AREA MUST READ: Flintstone House on the market for rumored $4.2 million
A little piece of bedrock is up for sale in Hillsborough. The unusual Flintstone House, perched on a hillside overlooking Interstate 280, just hit the market with Alain Pinel Realtors and the rumored price is $4.2 million. The amorphous house that looks as if it were made of giant…
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

Second Article: Netflix seals big Los Gatos expansion
Netflix Inc.'s stock might be on a roller-coaster right now, but its real estate footprint has a pretty stable trajectory: Up. The streaming media giant last month quietly sealed a deal to expand into two more buildings at a new office complex under construction in Los Gatos. The lease fills gives Netflix complete occupancy of the 485,000…
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:

  • Used a drone to shoot an aerial video to highlight a spectacular view lot in Almaden Valley.
  • Helped a buyer reach an expected sales price conclusion for a property based on recent sales.
  • Explained how a Gross Rent Multiplier can be quickly used to compare investment properties.


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: As the summer comes to a close we will start to see fewer properties come on the market, so competition should stay pretty fierce through the end of the year.

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.

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.

Housing Inventory Snapshot
August 31, 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
$636,257
1.05%
$649,000
1.56%
35
-1
863
Single Family over $1M
$1,839,959
2.09%
$1,528,888
0.00%
75
12
255
Condo/Townhome under $600K
$436,081
-1.15%
$449,000
-0.22%
36
3
232
Condo/Townhome over $600K
$738,864
-3.11%
$700,000
-0.83%
27
8
71
San Mateo County, CA
Single Family under $1M
$802,040
1.29%
$799,000
0.50%
35 / 21
2 / 4
129
Single Family over $1M
$4,177,417
-1.35%
$2,288,800
6.51%
76 / 16
3 / -3
273
Condo/Townhome under $600K
$482,379
-2.25%
$494,000
-1.00%
29 / 14
4 / 2
26
Condo/Townhome over $600K
$1,111,612
0.49%
$829,000
-10.86%
41 / 14
4 / -1
50
Santa Clara County, CA
Single Family under $1M
$752,181
-1.11%
$750,000
-2.60%
39 / 23
2 / 6
615
Single Family over $1M
$2,508,882
-0.50%
$1,750,000
-1.41%
67 / 24
5 / 1
584
Condo/Townhome under $600K
$466,137
0.89%
$473,000
-0.42%
30 / 16
4 / -1
141
Condo/Townhome over $600K
$880,675
0.82%
$798,000
-0.13%
24 / 13
3 / -1
147
San Francisco County, CA
Single Family over $575K
$1,834,031
-1.62%
$1,100,000
0.46%
45
0
152
Condo/Townhome over $340K
$1,526,228
2.15%
$1,095,000
-0.36%
51
1
200

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