Wednesday, November 16, 2016

Off Market Property - Facebook Impacting Housing Shortage



I have an exclusive Off Market Opportunity for you or maybe someone you know. Also, I've got some interesting news on the Bay Area Real Estate Market and how a Facebook Expansion is going to impact our housing shortage.


OFF MARKET ALERT!
3 bed 2 bath, 1,450+ sqft plus a 600 sqft workshop, on a large 9,125 sqft lot. Location location location! 1.5 miles to the new Apple Campus, or 20 minutes to Google! Built in 1950 and needs updating throughout. Should sell around $1,400,000. Let me know if you or someone you know would like a private showing before we put it on the market.

Email Me To See This House

You wouldn't believe how many hoops my clients are jumping through to get what they want, especially in today's hot market. With a ton of guidance from me we have turned dreams into realities. Here's a glimpse of their stories. Below I've also included my market forecast and graphic showing the current trend of the market and a news article about Facebook.


FIRST OFFER WAS ACCEPTED!
SALE PENDING @ $970,000
754 Canoas Creek Cir in San Jose
Gorgeous 4 bedroom 3 bathroom 1,800 sqft home with an amazing view of the foothills. Multiple offer situation, and I got it for my clients. It was their FIRST WRITTEN OFFER! I saved them time by advising them properly on what kind of offer to write to dramatically increase the chances of gaining offer acceptance.


MY SELLER GOT 14 OFFERS AND $102,000 OVER ASKING!
SALE PENDING @ $951,000
For an overseas seller I managed a heavy duty rehab of their investment property involving a ton of cleanup, new floors, new paint, a lot of repairs and full staging in order to maximize their sales price and their profits. I estimate that I put about $45,000 more into their pocket than what they could have done without me. I obtained 14 offers and sold $102,000 over the asking price for my seller! 3 bed 2 bath, 1,838 sqft on a 6,000 sqft lot. Check out my 360 degree marketing pics!
Want Results Like These? Email Me



WASN'T THE HIGHEST
BUT WON THE BID!
SOLD @ $852,555
1211 61st St in Oakland
2 bed 2 bath, 1,073 sqft completely remodeled home. BEAT OUT 5 other offers. Won the bid and WAS NOT the highest price! First written offer for my client! They didn't waste their time writing offer after offer that didn't get accepted.



THE HOME THEY LOVED
SOLD @ $750,000
238 Peckham Ct in San Jose
2 bedroom 2.5 bath, 1,352 sqft townhome near Japantown. BEAT OUT 4 other offers. This was my client's FIRST written offer! We found them the perfect home and I helped them get it against fierce competition.

Do you or someone you know want these kinds of results in the next 12-18 months? You'd be surprised how much strategy and planning went into achieving these goals for my clients.
Great Idea - Start Today

BAY AREA MARKET RECAP
Inventory in the Bay Area is continuing to decline from the high's we saw from June through August and purchase activity actually rose over the past 30 days. Assuming this trend continues throughout the end of 2016 I predict prices will rise over the foreseeable future. See my graphic to check out the trends of different home prices across Silicon Valley.

FORECAST
The real estate market is perfect right now for move up buyers. There are fewer multiple offers than before so a buyer who needs to sell before buying has a great chance of getting their offer accepted. This trend should continue through the end of 2016.
Infograph
Send This Info to a Friend or Colleague

Menlo Park approves Facebook expansion along Bayfront - Project will bring in 6,550 more workers, 2 new office buildings and a 200-room hotel. 

Menlo Park has approved Facebook expansion plans that will add 6,550 employees, roughly 1 million square feet of office space and a 200-room hotel along the Bayfront Expressway.
While some residents and city officials expressed concern about the toll on housing and traffic such a large expansion could take, the City Council on Tuesday unanimously approved the 301-309 Constitution Drive project. It also approved an agreement that calls for Facebook to either build 20 below-market-rate units or pay $6.5 million...

http://www.mercurynews.com/2016/11/02/menlo-park-approves-facebook-expansion-along-bayfront/ 

Friday, September 9, 2016

Real Estate Prices Still Going Up

SECRET PROPERTY ALERT!: 1336 Poplar Ave in Sunnyvale. 3 bed 2 bath, 1,450+ SF plus a workshop, on a large 9,125 SF lot. Location location location! 1.5 miles to new Apple Campus, or 20 minutes to Google! Built in 1950 and needs updating throughout. Should sell around $1,400,000. Let me know if you or someone you know would like a private showing before we put it on the market in the coming weeks.


SECRET PROPERTY ALERT!:
2851 Agua Vista Dr in San Jose. 3 bed 2 bath, 1,838 SF on a 6,000 SF lot. Built in 1977 and needs some updating in the kitchen and bathrooms. Should sell around $900,000. Let me know if you or someone you know would like a private showing before we put it on the market in September.


IN CONTRACT:
238 Peckham Ct in San Jose. 2 bed 2.5 bath, 1,352 SF townhome near Japantown. BEAT OUT 4 other offers. This was my client’s FIRST written offer!
  

IN CONTRACT:
1211 61st St in Oakland. 2 bed 2 bath, 1,073 SF completely remodeled home. BEAT OUT 5 other offers. Won the bid and WAS NOT the highest price! First written offer for my client!
 

SOLD:
3559 Walton Way in San Jose. Sold for $1,275,000 ($75,000 above asking) with multiple offers. 4 bed 3 bath, 2,200 SF, 2 story home in a very well-established neighborhood (my across the street neighbor). BRAND NEW TECH ***360 Degree Pics: https://goo.gl/photos/QjLAaccnNQxUGU5b7 ***
 

OFF MARKET SALE:
12230 Mellowood Dr in Saratoga. In escrow for $1,350,000 as an off market sale. It is a 3 bed 2 bath, 1,300 SF, 1 story older home located in Saratoga. The seller preferred a quick sale so I was able to find a buyer from my own personal network within days of our initial meeting. BRAND NEW TECH ***360 Degree Pics: https://goo.gl/photos/h8zsjQL6xo79SwmY7 ***


BAY AREA MUST READ: Techies Priced Out of Palo Alto as Studios List for $1.3 Million
When Andy and Amy Isaacson looked at buying a home in Palo Alto, California, for their expanding family, the least expensive one they could find was $1.5 million. The couple and their three daughters instead moved to Omaha, Nebraska, where they have a $500,000 four-bedroom house with a sprawling backyard. “We’re both professionals and we were reaching into savings each month to make ends meet,” said Andy Isaacson, a 35-year-old software engineer, whose wife worked as a clinical research coordinator at Stanford University before their April move. “Something had to give.” While runaway real estate costs in Silicon Valley have long since priced out most middle-class homebuyers, even high earners are…
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:


  • Won the bid against 4-5 other buyers without having my client “overpay” for the property.
  • Convinced an appraiser that the value of the property was higher than what my clients were in contract for.
  • Brought well priced contractors to a property to help with renovations prior to hitting the market.


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: I’m still in belief that the market is perfect right now for move up buyers. There are fewer multiple offers than before so a buyer who needs to sell before buying has a good chance of getting their offer accepted. I think this trend will continue through the end of the year.

RECAP: Santa Clara County
Inventory is continuing to decline from the highs we saw in June and July and purchase activity actually rose over the past 30 days. Assuming this trend continues throughout the end of 2016 I predict prices will rise over the foreseeable future. If the graph below does not appear, click here to view it.

RECAP: San Mateo County
San Mateo County looks to be following suit with Santa Clara and San Francisco. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.
If the graph below does not appear, click
here to view it.





Housing Inventory Snapshot
August 28, 2016

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
$670,697
-1.35%
$680,351
-1.38%
35
5
858
Single Family over $1M
$1,723,753
-2.09%
$1,390,000
-0.71%
57
6
352
Condo/Townhome under $600K
$445,727
-1.45%
$450,000
0.00%
30
7
242
Condo/Townhome over $600K
$742,983
-1.51%
$699,950
-1.28%
35
4
129
San Mateo County, CA
Single Family under $1M
$814,182
-0.16%
$829,000
-1.19%
33 / 29
-1 / 14
152
Single Family over $1M
$3,430,219
-4.44%
$1,895,000
-4.05%
70 / 21
0 / 4
375
Condo/Townhome under $600K
$488,851
-4.31%
$499,000
-7.25%
29 / 9
1 / 2
52
Condo/Townhome over $600K
$1,023,451
0.62%
$838,888
-1.31%
34 / 10
10 / 1
80
Santa Clara County, CA
Single Family under $1M
$793,442
-0.07%
$799,000
0.00%
37 / 22
2 / 4
580
Single Family over $1M
$2,391,241
1.02%
$1,650,000
0.00%
62 / 31
8 / 7
787
Condo/Townhome under $600K
$483,519
2.58%
$488,000
0.62%
33 / 24
6 / 5
186
Condo/Townhome over $600K
$930,355
4.77%
$799,000
0.01%
33 / 21
5 / -3
262
San Francisco County, CA
Single Family over $575K
$2,241,782
-1.13%
$1,248,000
-7.56%
63
1
187
Condo/Townhome over $340K
$1,450,643
-4.01%
$1,149,000
-0.86%
61
3
347

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

Wednesday, August 10, 2016

Silicon Valley Real Estate Shows No Slowdown in Tech Industry

SECRET PROPERTY ALERT!: 2851 Agua Vista Dr in San Jose. 3 bed 2 bath, 1,838 SF on a 6,000 SF lot. Built in 1977 and needs some updating in the kitchen and bathrooms. Should sell around $900,000. Let me know if you or someone you know would like a private showing before we put it on the market in September.


SECRET PROPERTY ALERT #2!:
543 Irving Ave in San Jose. 3 bed 1 bath, 1,215 SF on a 5,700 SF lot. Nice central location, 2 miles to Santa Row, and built in 1939 so it has tons of charm. Should sell around $840,000. Let me know if you or someone you know would like a private showing before we put it on the market in the coming weeks.
 

IN CONTRACT:
35-45 Ridge Rd in San Anselmo. 2 bed 2 bath, 1,324 SF home with a view. Asking price $888,000 and negotiated a $9,000 reduction to a sales price of $879,000.
  

IN CONTRACT:
3559 Walton Way in San Jose. Sold for $1,275,000 ($75,000 above asking) with multiple offers. 4 bed 3 bath, 2,200 SF, 2 story home in a very well-established neighborhood (my across the street neighbor). BRAND NEW TECH ***360 Degree Pics: https://goo.gl/photos/QjLAaccnNQxUGU5b7 ***
 

OFF MARKET SALE IN CONTRACT:
12230 Mellowood Dr in Saratoga. In escrow for $1,350,000 as an off market sale. It is a 3 bed 2 bath, 1,300 SF, 1 story older home located in Saratoga. The seller preferred a quick sale so I was able to find a buyer from my own personal network within days of our initial meeting. BRAND NEW TECH ***360 Degree Pics: https://goo.gl/photos/h8zsjQL6xo79SwmY7 ***


SOLD:
2210 Canyon Lakes Dr in San Ramon. Sold for $5,000 above the asking price of $900,000. It is a 4 bed 3 bath plus a den, 2,350 SF, 2 story newer home located on the 8th tee at the Canyon Lakes Golf Course in San Ramon. BRAND NEW TECH ***360 Degree Pics: https://goo.gl/photos/GxbjvPjG2hEpJBU7A ***
 

BAY AREA MUST READ: Silicon Valley real estate shows almost no slowdown in tech
Despite a slowdown in tech startup funding and a hammering of certain public tech stocks earlier this year, Bay Area commercial real estate is as hot as ever. "There has been a lot of negative banter about tech slowing," said Hudson Pacific Properties CEO Victor Coleman. In fact, quite the opposite is happening, he said. "Even as certain private companies reign in on expenses, they continue to view the growth of successful business lines and recruiting as paramount, which impacts…
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

BAY AREA 2ND MUST READ: Who’s leaving California? Not who you think.
For more than a generation, opportunistic California politicians have barraged voters with woeful tales about how the most productive, inventive, wealthy and enterprising Californians are leaving this state in droves to avoid high taxes and excessive government regulation.

These stories, used successfully by the likes of Pete Wilson and Arnold Schwarzenegger while running for governor, and unsuccessfully by failed candidates from Bill Simon to Meg Whitman and Neel Kashkari, tell of rich Californians seeking greener pastures in more laissez faire states like Texas and Idaho.

There’s only one problem with those stories: They don’t match the facts, even though…
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:


  • Helped a buyer navigate a tricky home with potentially deal breaking foundation issues.
  • Performed long term analysis of rental income vs. lost opportunity costs from selling.
  • Helped a seller reach an expected sales price conclusion for a property based on comparables.


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: The market is perfect right now for move up buyers. The hot frenzy of buyers has cooled, so now there are fewer multiple offers than before so a buyer who needs to sell before buying has a good chance of getting their offer accepted. I think this trend will continue through the end of the elections.

RECAP: Santa Clara County
Inventory is DROPPING slightly from the highs we saw in June and July. People are either selling their place or taking their homes off the market and waiting for another time to sell. This is an indication that prices will rise over the foreseeable future.

RECAP: San Mateo County
San Mateo County looks to be following suit with Santa Clara and San Francisco. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.





Housing Inventory Snapshot
July 28, 2016

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
$679,873
-0.72%
$689,900
-1.30%
30
1
922
Single Family over $1M
$1,760,567
0.73%
$1,400,000
0.14%
52
5
388
Condo/Townhome under $600K
$452,296
-3.74%
$450,000
-7.22%
22
2
249
Condo/Townhome over $600K
$754,398
-0.17%
$709,000
-0.84%
30
6
154
San Mateo County, CA
Single Family under $1M
$815,454
-0.37%
$839,000
4.94%
35 / 15
6 / -6
137
Single Family over $1M
$3,589,419
0.97%
$1,975,000
3.95%
69 / 18
8 / -5
384
Condo/Townhome under $600K
$510,845
0.48%
$538,000
6.53%
28 / 7
4 / -11
42
Condo/Townhome over $600K
$1,017,157
0.83%
$850,000
-5.35%
25 / 9
-5 / 3
85
Santa Clara County, CA
Single Family under $1M
$794,024
-0.65%
$799,000
0.00%
35 / 18
1 / 2
587
Single Family over $1M
$2,367,143
-0.72%
$1,650,000
-2.37%
54 / 23
0 / 1
857
Condo/Townhome under $600K
$471,348
0.86%
$485,000
-0.82%
27 / 19
2 / -3
169
Condo/Townhome over $600K
$888,000
-4.13%
$798,900
-3.75%
28 / 24
-4 / 8
246
San Francisco County, CA
Single Family over $575K
$2,267,459
-6.99%
$1,350,000
-2.10%
62
4
235
Condo/Townhome under $340K
$279,031
-3.63%
$294,245
-1.59%
52
20
11
Condo/Townhome over $340K
$1,511,220
1.04%
$1,159,000
-3.26%
58
-5
388

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