Friday, February 5, 2016

Will the Chinese Markets Affect Bay Area Home Prices?

FOR SALE: 116 Granada Dr in Mountain View. 3 bedroom 2.5 bath 1,400SF townhouse centrally located in Mountain View, under 10 minute walk to Castro. Brand new on the market and aggressively priced at $799,000. Open House Saturday Feb 6th 1:00 – 3:30PM. Email me for a private showing.
 

IN ESCROW:
5 Caspian Ct in Gilroy $604,900 – Brand new development, and got it for $5,000 off list!

BAY AREA MUST READ: CHINESE STOCK MARKET WOES IMPACTING BAY AREA REAL ESTATE
The U.S. stock market isn't the only part of the economy affected by the slide in Chinese markets. Bay Area real estate is seeing changes as well and that is both good and bad news for local home buyers. "The Chinese economy has seen quite sharp drops…
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

2nd ARTICLE: COLDWELL BANKER EXEC PREDICTS UPBEAT 2016 MARKET
Mike James is president of the Bay Area and Hawaii regions for Coldwell Banker, the real estate brokerage that was founded in San Francisco in 1906, in the aftermath of the great earthquake. San Jose Mercury News decided to ask James what's happening in Bay Area real estate in 2016…
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:


  • Walked a buyer through a challenging lending situation making sure to save the deal.
  • Advised a seller on what to do to modernize a property prior to putting it on the market.
  • Managed a team of people, on behalf of the seller, to rehab a property in order to maximize return on investment.


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: Multiple offers will be on at least 90% of all properties for the month of February. Housing prices will see their greatest gains of the year during the next 60 days.

RECAP: Santa Clara County
Only 226 properties came on the market in the entire month of January for Santa Clara County! By contrast, nearly 2,200 came on in April of 2015. Multiple offers are guaranteed.

RECAP: San Mateo County
San Mateo County sales are looking consistent with Santa Clara County. San Francisco is also following the trend. Super low inventory causing multiple offers everywhere. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.




Housing Inventory Snapshot
January 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
$613,773
4.97%
$599,000
1.54%
49
-19
411
Single Family over $1M
$1,918,279
-5.02%
$1,499,000
-3.29%
75
-38
165
Condo/Townhome under $600K
$425,005
2.64%
$400,000
3.90%
27
-33
121
Condo/Townhome over $600K
$745,260
-0.24%
$710,000
1.44%
32
-26
47
San Mateo County, CA
Single Family under $1M
$806,760
1.92%
$810,000
-3.56%
29 / 27
-21 / 12
68
Single Family over $1M
$4,375,034
-8.49%
$2,225,000
-11.00%
108 / 7
-25 / -41
176
Condo/Townhome under $600K
$489,797
4.21%
$449,000
-7.42%
28 / 50
-19 / 15
17
Condo/Townhome over $600K
$998,930
-2.54%
$849,000
-8.22%
53 / 2
-7 / -5
35
Santa Clara County, CA
Single Family under $1M
$764,929
2.26%
$779,000
3.87%
56 / 56
-18 / 13
237
Single Family over $1M
$2,661,703
-6.73%
$1,798,000
-5.12%
82 / 66
-34 / 41
341
Condo/Townhome under $600K
$444,014
0.81%
$437,500
7.10%
25 / 3
-29 / -17
74
Condo/Townhome over $600K
$985,888
-4.52%
$825,000
-1.20%
25 / 16
-31 / -1
89
San Francisco County, CA
Single Family over $575K
$2,416,546
-10.12%
$1,295,000
3.60%
65
-31
107
Condo/Townhome over $340K
$1,400,870
-7.28%
$1,100,000
-4.26%
55
-28
226

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