Monday, March 14, 2016

Bay Area Leads Nation in Profitable Flipped Houses

SECRET PROPERTY ALERT: 3559 Walton Way in San Jose. 4 bed 3 bath, 2,200 SF, 2 story home in a very well-established neighborhood. Coming on the market around June. Priced around $1.4M. If you know anyone looking please pass along this email and have them contact me for a pre-MLS showing.

IN ESCROW:
541 Wellington Ct in Vacaville $510,000 – Got it for $29,000 below original list price!

IN ESCROW:
3 bedroom 2.5 bath 1,400SF townhouse in Mountain View asking $800K. Sold with multiple offers $73,000 over asking price!
 

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

BAY AREA MUST READ: Bay Area leads nation in profitable flipped houses
Two Bay Area metropolitan areas lead the average gross profit per flip rankings, as determined by RealtyTrac. See the full list of 25 metro areas and how much the average flip grossed.
1. San Jose-Sunnyvale-Santa Clara -…
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:


  • Wrote an offer for a buyer on a duplex in Mountain View with 22 offers! (We came in 6th place)
  • Managing the prep and sale of a home of a loved one who recently passed.
  • Helped a buyer prepare an aggressive offer on a property that had little to no interest from other buyers.


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 yet there are no market indicators showing a decline in people wanting to buy properties in the Bay Area. Prices will continue to rise for the unforeseeable future.

RECAP: Santa Clara County
Finally more homes are coming on the market, but the number of buyers is still far outweighing the number of sellers. This trend will likely continue for the next year at least.

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
February 26, 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
$642,636
4.70%
$669,900
11.84%
38
-12
499
Single Family over $1M
$1,858,798
-3.10%
$1,500,000
0.07%
52
-23
209
Condo/Townhome under $600K
$443,716
4.40%
$448,888
12.22%
22
-5
132
Condo/Townhome over $600K
$773,926
3.85%
$738,000
3.94%
21
-11
56
San Mateo County, CA
Single Family under $1M
$798,711
-1.00%
$799,000
-1.36%
28 / 8
-1 / -19
78
Single Family over $1M
$4,348,565
-0.61%
$2,250,000
1.12%
90 / 11
-18 / 4
222
Condo/Townhome under $600K
$508,460
3.81%
$525,000
16.93%
29 / 3
1 / -47
17
Condo/Townhome over $600K
$979,704
-1.92%
$828,000
-2.47%
15 / 8
-38 / 6
42
Santa Clara County, CA
Single Family under $1M
$756,362
-1.12%
$765,000
-1.80%
47 / 14
-9 / -42
305
Single Family over $1M
$2,539,577
-4.59%
$1,848,829
2.83%
55 / 14
-27 / -52
502
Condo/Townhome under $600K
$466,643
5.10%
$474,888
8.55%
18 / 27
-8 / 23
107
Condo/Townhome over $600K
$899,525
-8.76%
$785,000
-4.85%
22 / 5
-3 / -11
135
San Francisco County, CA
Single Family over $575K
$2,170,379
-10.19%
$1,295,000
0.00%
53
-12
166
Condo/Townhome over $340K
$1,523,813
8.78%
$1,135,000
3.18%
57
2
259

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