Friday, February 23, 2018

新年快乐 🎇 Happy Lunar New Year: New Listing, Bay Area Exodus...

Wishing you a Happy Lunar New Year!

I have a new listing in San Francisco that you must check out! This property is definitely a one of a kind penthouse condo with views open both days this weekend.

Also check out my other recent activity highlights, and super interesting news articles: Insights on Bay Area Traffic, Income Allowance Changes by Lenders due to the "Gig Economy", and Bay Area Exodus.

I've summarized some Year over Year statics for all the geeks out there, so be sure to read and share my insights

Enjoy the Lunar New Year celebrations!
- Nathan

BRAND NEW ON MARKET @ $1,499,000!
Extremely Rare; Absolute One of a Kind Corner Penthouse in Historic Alamo Square. Architecturally unique, this absolute gem of a two bedroom, two bathroom with wood-burning fireplace corner penthouse has never before been offered for sale since it was newly constructed.
  • Walker's Paradise with a 95 Walk Score
  • Moments from Alamo Square and the Painted Ladies
  • 5 minute walk to: Fillmore St, Hayes Valley, Pacific Heights, SF Symphony/Opera House and along many bus routes
  • Deeded garage spot and room for extra storage
  • Way too many other amenities to list
Open this weekend both days from 2:00 to 4:00. 
Email Nathan To See The SF Condo

Sale Pending - $250K Over Asking
Fully remodeled townhouse sold in 7 days for $1,550,000. Everything is upgraded from the studs inward using high-end materials and ultra-modern designs all hand selected by my wife Alejandra. Click here to visit her website where you can inquire about her interior design work.
  • Walking distance to Downtown Mountain View
  • Close to Google and short commute to Facebook and Apple

Sold - $170K Over Asking!
SOLD @ $1,570,000
Multiple offers received on this exquisitely maintained 1,300 sq ft, 3 bed & 2 bath house with a remodeled kitchen, double pane windows, and wood flooring throughout. CLICK HERE to virtually walk the home. A phenomenal gem in a very highly desirable and convenient location in Silicon Valley!

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

All homes rose in price throughout January, and the time on market stayed relatively flat. Days of Inventory jumped up to 33 days from the low of only 12 in December which is a much healthier number. The good news is inventory is rising which should help buyers get into contract easier, and help sellers feel confident that they can find a replacement home. For year over year increases, large homes were selling for an average price $827/sf in Jan '18, an increase of 10.6%, medium homes for $832/sf, an increase of 23.2%, and small homes for $878/sf, an increase of 26.7%. I expect prices to continue their upward trend throughout the rest of 2018 and possibly the first half of 2019. Let me know if you need any advice on how to navigate the market or create a plan for the future.
Send This Info to a Friend or Colleague

No one likes Bay Area traffic, but getting us out of our cars is a challenge

Almost everyone in the Bay Area wants something done about the chronic traffic congestion choking the region. But when asked what would get them out of their cars, most said there isn't much chance of that, according to a new poll.

Even if traffic gets much worse, a mere 21 percent said they would cut back a great deal on driving.​

Read the Mercury News Article

Gig Economy Grows Up as Lenders Allow Airbnb Income on Mortgage Applications

Homeowners soon will be able to count income they earn from Airbnb Inc. rentals on applications for refinance loans.

A new program—expected to be announced on Thursday by Airbnb, mortgage giant Fannie Mae and three big lenders—will allow anyone who has rented out property on Airbnb for a year or longer to count some or all of that money as income.

Refinancing can be a way for a homeowner to tap home equity for renovations, college tuition or other big expenses, or to reduce their monthly payments.​

Read the Wall Street Journal Article

Bay Area is top region for outward migration in the U.S.: Here's where people are going

The Bay Area exodus is real and ongoing. The region leads the nation for outward migration, a new study has found.

From October to December, more people moved from the Bay Area than into the region, real estate site Redfin found in its quarterly migration report. The exodus follows a trend of people leaving the region, largely for more affordable inland counties.​

Read the SFGate Article





Copyright © 2018 Referral Realty, All rights reserved.

Nathan Nahouraii
Referral Realty
1601 S De Anza Blvd Ste 150
Cupertino, CA 95014