Friday, April 8, 2016

Affordability Crisis in Palo Alto and New Off Market Opportunities

SECRET PROPERTY ALERT: 173 Northwood Dr in South San Francisco. 3 bed 2 bath, 1,430 SF, remodeled home located minutes away from shopping, tech companies, San Francisco, and SFO. Coming on the market next week with an asking price of $849,000. If you know anyone looking please pass along this email and have them contact me for a pre-MLS showing.

3559 Walton Way in San Jose. 4 bed 3 bath, 2,200 SF, 2 story home in a very well-established neighborhood (my across the street neighbor). 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.

2581 Post St (4-Plex) in San Francisco $1,650,000 – Beat out 14 other offers and after the fact negotiated a $50,000 price reduction!

IN ESCROW: 541 Wellington Ct in Vacaville $510,000 – Got it for $29,000 below original list price and $5,000 below appraised price!

116 Granada Dr in Mountain View. $873,000 with multiple offers $73,000 over asking price!

331-333 Kenmore Ave (Duplex) in Sunnyvale. $1,307,000. Beat out 4 other offers and then negotiated a price reduction and closed it in 8 days!

BAY AREA MUST READ: Mountain View rent control fight headed for ballot box? Tenant advocates to file initiative
The fight over rent control in Silicon Valley is picking up steam. The Mountain View Tenants' Coalition filed an initiative this afternoon named The Community Stabilization and Fair Rent Charter Amendment. This comes in the midst of a fierce rent control debate in San Jose and just one day after a Burlingame organization said it would file an initiative to overturn the city's anti-rent control law…
(To read this article please visit my Facebook Fan Page

SECOND EYE OPENING ARTICLE: People earning $250,000 could qualify for housing assistance in one part of the U.S.
The city of Palo Alto, California, is considering building and subsidizing affordable housing for people struggling to find an affordable home in their city. The cut-off annual income for a family is $250,000, the San Francisco Gate reported. Earning that salary would put a family in the top three-percent of all Americans, but not in this incredibly expensive part of the country. Palo Alto, considered to be the heart of the Silicon Valley, is home to… (To read this article please visit my Facebook Fan Page
THE APPLE EFFECT ARTICLE: Cupertino retail project for sale at $1,276 per square foot.
Here's your chance to own brand-new retail real estate within walking distance from Apple Inc.'s headquarters — but you'd better be prepared to pay up for the honor. Saich Way Station, a 15,673-square-foot strip center at Stevens Creek Boulevard and Saich Way, is on the market for $20 million, according to an announcement from brokerage Marcus & Millichap. The site is notable not only because it is so close to the Apple mother ship, but also because
(To read this article please visit my Facebook Fan Page


  • Wrote a second offer for a client and beat out 4 other offers to get an acceptance.
  • Helped a seller coordinate a 2-month project to get a house ready for sale.
  • Pushed a roofing contractor to make repairs on a home in order to satisfy a tricky lender and save the deal.


  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: More multiple offers will be seen throughout the peak of the selling season. Prices will rise 2-4% during this period.

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 looks to be even more aggressive than Santa Clara county, with the number of pending sales so much closer to the number of new listings. San Francisco is also following the trend. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.

Housing Inventory Snapshot
March 31, 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
Single Family over $1M
Condo/Townhome under $600K
Condo/Townhome over $600K
San Mateo County, CA
Single Family under $1M
26 / 15
-1 / 7
Single Family over $1M
58 / 20
-32 / 9
Condo/Townhome under $600K
25 / 48
-5 / 45
Condo/Townhome over $600K
23 / 12
9 / 4
Santa Clara County, CA
Single Family under $1M
36 / 15
-10 / 2
Single Family over $1M
52 / 17
-2 / 3
Condo/Townhome under $600K
19 / 13
2 / -13
Condo/Townhome over $600K
20 / 12
-1 / 8
San Francisco County, CA
Single Family over $575K
Condo/Townhome over $340K

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 ( 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