How a Tech Slowdown Could Affect Bay Area Housing

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 January. 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: How a tech slowdown could affect Bay Area housing
When dot-com stocks crashed in 2000, some predicted that Silicon Valley home prices — coming off four years of double-digit gains — would also tumble. And while there was a decline, it didn’t go far or last long. “There was a period when prices were… (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.
• Advised a buyer looking to purchase a home that was tenant occupied.
• Explained the benefits and drawback of NOT paying off a home to a potential seller.

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 more buyers come back after the holiday season the number of multiple offers per property will increase substantially. Upward pressures on housing values will be strong for the foreseeable future.

RECAP: Santa Clara County
As predicted, inventory levels continued their decline throughout the end of the year. Prices will continue to 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.

Housing Inventory Snapshot December 28, 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 $584,688 -4.59% $589,900 -1.68% 68 15 351 Single Family over $1M $2,019,642 5.24% $1,550,000 3.33% 114 24 118 Condo/Townhome under $600K $414,073 -1.52% $385,000 -8.33% 60 4 90 Condo/Townhome over $600K $747,077 0.31% $699,950 -0.84% 58 11 24 San Mateo County, CA Single Family under $1M $791,535 0.80% $839,900 5.12% 50 / 15 21 / -4 45 Single Family over $1M $4,780,815 19.66% $2,500,000 22.01% 132 / 48 37 / 24 145 Condo/Townhome under $600K $469,995 -4.35% $485,000 -6.73% 48 / 35 10 / 27 14 Condo/Townhome over $600K $1,024,939 7.40% $925,000 8.82% 60 / 7 8 / -7 21 Santa Clara County, CA Single Family under $1M $748,052 -0.26% $750,000 0.00% 74 / 43 17 / 11 226 Single Family over $1M $2,853,806 5.64% $1,895,000 0.91% 116 / 25 29 / -4 289 Condo/Townhome under $600K $440,459 -5.20% $408,500 -10.81% 55 / 21 21 / -1 55 Condo/Townhome over $600K $1,032,597 10.39% $835,000 6.38% 55 / 17 24 / 2 47 San Francisco County, CA Single Family over $575K $2,688,642 17.58% $1,250,000 -0.79% 96 30 68 Condo/Townhome over $340K $1,510,837 2.25% $1,149,000 0.00% 83 17 125

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.

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Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (650) 352-5322
Direct: (415) 236-3826
nathan@nathanproperties.com
www.nathanproperties.com