Tuesday, November 10, 2015

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