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A few weeks ago I announced I was joining Intero Real Estate Services to help open a new office in Menlo Park. I tried in my own awkward way to explain what it was we were trying to do. The office is in the middle of the main downtown street, there are sofas to chat on, computers for public uses as well as wireless internet service, an art gallery, and an open invitation for the public to come in, research real estate, ask an agent questions, and spend time in a warm, comfortable (0 comments)
I had a very disturbing experience today with a "Sanitation Company." I have a client who owns a four-plex where my sister lives. Today there was a sewer back-up with overflow into her kitchen and bathroom. Rotor rooter came and snaked out the sewer line and did a great job. However, after the line was snaked they sent a sanitation company out to disinfect the apartment. The sanitation company said the pergo floor in the whole apartment needed to be taken up and replaced because the sewage was getting under the pergo and would cause health problems (0 comments)
Ten Reasons to Love Mountain View - 12/30/08 07:10 PM
Ten Reasons to Love Mountain View Schools, Schools, Schools! Like Palo Alto, Mountain View has excellent schools. The Whisman School District is renowned for challenging academics that encourage students to reach their highest potential. Several magnet programs are offered throughout the district, including opportunities for dual language immersion. All schools are equipped with cutting-edge technology. Students consistently achieve some of the highest average test scores in the nation. Making the choice to raise your child in Mountain View guarantees a they'll get a good education, and it also reinforces the property value of your home--houses in good school districts are (0 comments)
As of this morning this is the snapshot of the Palo Alto Inventory of homes:
Single family homes:
Active Listings: 68 Pending sales: 15 Closed in last week: 0
Active listings: 22 Pending sales: 6 Closed in last week: 0
So what does this mean? Not too much. There would normally not be too many closed sales at the end of the year because of the holidays. The condo market and the single family home market have a similar ratio of pending to active listings. The results (0 comments)
Ten Reasons To Love Menlo Park 1.Schools, Schools, Schools! Menlo Park, like Palo Alto and Mountain View, has some really outstanding schools. Students in this district are consistently high performers and many gain admission to top universities after high school. Public schools include Menlo Park and Las Lomitas, and private schools in the area include Trinity, Phillips Booth, St. Raymonds, St. Joseph, Sacred Heart, and Peninsula School. 2. Burgess Park. Located next the Civic Center, this park features a little league baseball field, a regulation baseball field, an open play field, lighted tennis courts, a soccer field, picnic areas, and (0 comments)
Silicon Valley Land Surveying - 12/27/08 11:16 PM
Silicon Valley Land Surveying Silicon Valley Land Surveying is the company I go to when I need engineers for subdivisions. These guys are great at what they do, and offer a variety of land surveying services for clients, including ALTA surveys, boundary surveys, topographic surveys, and legal descriptions for utility easements, temporary construction easements, lot line adjustments, and land/title transfers/exchanges. For a complete list of services, CLICK HERE I also added their link to my blog list. While their site isn't exactly a blog, it's still helpful enough to warrant a quick link. They're one of the most respected surveying companies in CA. (2 comments)
As of this morning here is the snapshot of the inventory of homes in Sunnyvale:
Single Family Homes:
130 Active listings 56 Pending Sales 4 homes sold in last 7 days
76 Active Listings 20 Pending Sales 2 Closed sales in last 7 days
What does this mean? Right now the market in Single Family Homes is better than condos, as evidenced by a better ratio of active to pending listings. Otherwise, there is not much we can garner from these numbers. There would normally not be (0 comments)
As of today here is a snapshot of the Mountain View inventory of homes:
Single Family Homes:
64 active Listings 7 Pending Sales 3 closed sale in the last 7 days
60 Active Listings 17 pending sales 1 closed sale in last 7 days
So what does this mean? Not too much. There would normally not be too many closed sales at the end of the year because of the holidays. The condo market is still better than the single family home market with a significantly better (2 comments)
It's a Wonderful Life in Palo Alto - 12/25/08 01:09 PM
It's a Wonderful Life In Palo Alto, California Every year on December 24th, Stanford Theatre on University Ave. in Palo Alto shows Frank Capra's classic film "It's a Wonderful Life" staring Jimmy Stewart and Donna Reed. They have been doing this for the last 21 years, and it sells out every year. It is THE place to be on Christmas Eve for this wonderful little city.
The theater is gorgeous, built in the 40's and renovated in the mid 80's by Dave Packard, or Little Dave as he is known here. His father, Big Dave was one of the founders (2 comments)
A few days ago I reported on the potential demise of Shakespeare Santa Cruz. They needed to raise $300,000 in donations in one week, or they would have to shut down. I am happy to report that the were able to raise over $400,000, from 2,000 donors, many of them on the internet, and are therefore able to soldier on. The entire Bay Area Theatre Community is breathing a collective sigh of relief. Now we can all help out by going to see their 2009 season next summer. I know I am looking forward to (5 comments)
Do you want to go shopping but feel guilty about leaving your dog at home or in the car? Do you need a place to go and socialize the four legged love of your life? Do you want to meet more people and need a non threatening ice breaker? My advice to you is to go to Stanford Shopping Center and take the dog. Not only are dogs permitted at the center's out door walkways, but they are also allowed inside every store that does not sell food. They (1 comments)
How many times have you gone out to look at properties either on your own at open houses, or with agents, and by the time you got to the 5th one, you forgot important details about the first one? I have a good solution for you, the Home Seeker's Check List Just take a stack of these check lists with you and put the address of the house at the top of the check list. Circle the things that apply, and add a few notes. When you get home, you can look up the house (0 comments)
As of Dec. 18th, (I know I am a day late), this is the snapshot of the Sunnyvale housing market.
Single Family Homes:
Active listings: 132 Pending Sales: 60 Closed in past week: 6
Active listings: 83 Pending Sales: 20 Closed in past week: 1
Despite the large number of listings in both SFR and Condos, the market is not too bad. The ratio of active listings to pending sales is close to 4 to 1 for condos, not awful, and less than 3 to 1 for single (0 comments)
Shakespeare Santa Cruz, the 10th largest attended Shakespeare festival in the country, and a staple of the Silicon Valley theatre community since 1982 is in big trouble. The festival has an estimated 40,000 attendees every season at its' University Of California Santa Cruz outdoor amphitheatre , and is both critically acclaimed, and a very popular summer destination. The festival is also a great employer of both local theatre talent and has a wonderful internship program that is a fantastic opportunity for theatre students from all over the country.
I posted the PA update on Mon and due to a big mistake on my part I gave out the wrong info on sold homes. I apologize! There were an additional 5 homes that closed escrow last week.
2757 Gaspar Ct. in Midtown listed for $1,745,000 and sold for $1,751,000, a little over asking price. This is a very nice 17 year home on a peaceful cul-de-sac. 1491 Edgewood listed for $1,995,000 and sold for $2,075,000, 80K over asking. It was an old, smelly house, on a gorgeous 20K sq. ft. lot in Crescent Park. 743 Holly Oak listed (0 comments)
As of this morning this is the Mt. View market activity
Single family homes:
71 Active Sales 11 Pending Sales 2 closed sales in last week
65 Active Sales 17 Pending Sales 3 closed sales in the last week
So, the single family home market continues to be very slow in Mountain View. The ratio of 11 pending homes to 71 active sales is similar to last week, with the number of active homes extremely high for Mountain View.
Condo/Town home sales continue to outpace single family (0 comments)
Ever wonder how much a particular home sold for? Want to track a neighborhood trend? Need something to do on a rainy day? If you answered yes to any of those questions then I have great news for you. I have a new tool on my website, cyberhomes.com home valuation. It will allow you to find the sale price of any home you want. Just go to my website www.marcymoyer.com and click on the link Cyberhome Home Valuation. You can find tons of great info on what homes really sold for, not what (0 comments)
Active Listings: 80 Pending Sales: 18 Closes sales in last week: 3
Active Listings: 27 Pending Sales: 4 Closed in last week:1
So what does this tell us? There is not much change from last week, except for a 10% decrease in inventory. This is absolutely to be expected as very few sellers put their homes on the market at this time of year, although buyers in the past have still been active in Dec. Pending sales are still low compared to listings, (0 comments)
I have exciting news to tell. I have moved to Intero Real Estate Services in order to help open a new office in Menlo Park. It is at the corner on Santa Cruz Ave. and Crane St. which is right in the middle of downtown Menlo Park. We should be up and running in 2-3 weeks, right after the first of the year.
This office is awesome! It is set up like a hotel lobby with comfortable furniture, computers for the public to use, an in house professional (0 comments)
Los Altos Ca Third Wealthiest City in US - 12/12/08 11:46 AM
Forbes.com just released a list of the 20 cities with the highest medium income in the country and our own Los Altos came in third, with a medium income of $158,745. They came in behind South Lake , Texas and Darrien, Connecticut. Saratoga came in thirteenth with a medium income of $137,270 and Danville came in twentieth with a medium income of $126,797.
Besides having many owners with great incomes, Los Altos has very few renters, not too many smaller condos, and most homes are on very large lots. Since land value is so much higher than house value it (1 comments)
Single family homes: Active listings: 136 Pending Sales: 53 Closed in last 7 days: 1
Active Listings: 81 Pending Sales: 21 Closed in last week: 0
What does this mean? The market has a lot of inventory, so plenty of choices for buyers. However, the ratio of pending sales to active listings is not too bad, 1 to 4 for condos, and less than 1 to 3 for single family homes. These numbers are better than the ratios in Palo Alto. It is a very good example of how the lower end of the market (0 comments)
As of Dec 8, 2008 the Mountain View market looked like this: Single family homes:
71 homes for sale 12 pending sales 4 closed sales in the previous week
70 for sale 20 pending sales 2 closed sales in the previous week
What does this mean?
First of all there are a lot of homes for sale in Mountain View, which traditionally has more condo/town homes for sale at any given time because there are a lot more of those than single family homes. 70 is not a huge number for condos, (0 comments)
The Difference a Photo Makes - 12/09/08 09:57 AM
Photography has everything to do with how a buyer perceives a house on the market. Listings with the highest quality images attract the most interest--what looks the best is the easiest sell. This is an important tip for sellers and something they should take as priority. Photos are the first impression buyers get of your home. Investing in the most experienced, professional photographer available will make a huge difference in how quickly your house sells and how much it sells for. Buyers should remember that great pictures might speak a thousand words, but they aren't necessarily the most important ones. Often (3 comments)
Palo Alto Ca Market Update Dec 8, 2008 - 12/08/08 02:55 PM
As of Dec. 8, 2008 there are 85 single family homes for sale in Palo Alto. 19 homes are under contract for sale, and 3 homes sold in the last week, one of which sold above asking price.
There are 30 condos and town homes for sale, 4 are under contract for sale, and 2 sold in the last week, neither of which sold over asking price.
What does this mean? Sales are still pretty slow in Palo Alto, but the inventory is not excessive, so there is not a lot of homes from which to choose and prices (0 comments)
All California homeowners need to remember to mail their property taxes by Wed. or they will have to pay a 10% penalty. If you do not know how much you owe you can go to the web site for your county and look it up.
I sent this reminder to my mailing list and several people wrote back thanking me because they had forgotten they need to pay.
Be a good citizen and remind your contacts, they will appreciate it! (0 comments)
Hide The Grandkids! - 12/07/08 12:05 PM
All over America active baby boomers in their fifties and older are choosing to live in processed worlds, complete with (fake) historical landmarks and absolutely NO young people. We're all aware of places like Sun City, where seniors can enjoy their retirement without the constant influence of youth culture. There are definitely attractions to this kind of lifestyle. Five million golf courses, golden oldies pumping from hidden speakers, and lowered taxes in child-free zones are among the benefits. But the effects retirement communities have on surrounding areas aren't so rosy. I read Age discrimination in housing market picks up steam in (0 comments)
Schools Drive Real Estate Demand - 12/06/08 06:24 PM
According to statistics, 80%+ people consider the quality of local school districts their number one concern when looking at residential home locations. And some of these people don't even have kids. When an area boasts an excellent school system, the benefits of that system really bump up housing values. Housing prices don't fall as badly during a downturn, and they skyrocket back up quickly during an upturn. Buyers considering investment homes use schools as the most reliable criteria for determining where to build or buy. In places like Cupertino, where there's plenty of land available, developers bring properties which in turn bring (1 comments)
Mantra Restaurant, Indian California Fusion in Palo Alto - 12/04/08 11:01 AM
Mantra is a relatively new restaurant in downtown Palo Alto right across the street from Beppo's. I stumbled across it on kind of a whim--my friend and I had something to celebrate, and decided to do so with some quality Indian food at a place we'd never tried. I love eating out in Palo Alto--there's a surplus of really high quality restaurants here. Usually, it's pretty hard to get me to stray from my favorites (Evia, Beppo's, Three Seasons, Amber), but Mantra came highly reccommended, and the online menu looked inspired and full of twists. Mantra is touted by reviewers and (2 comments)
First Things First For Potential Buyers - 12/03/08 10:58 PM
Naturally, new clients (both buyers and sellers) come to me with a list of questions before I represent them. Usually these questions are pretty predictable--there are some things that people always want to know before they buy/sell their home. In order to make the process clearer for everyone and to make this information more accessible, I've decided to run an FAQ's section on this blog. Every now and then I'll post something I'm often asked, and if you think of anything, please feel free to email me your questions or post them in the comments section---maybe I'll feature one of your (1 comments)
Goodbye To American Musical Theatre of San Jose - 12/02/08 10:44 AM
It is very sad for me to see a theatre close, but especially one that has been part of my life. Even more stunning is that it has been part of the life of San Jose since 1935. It has been a cultural icon of the Silicon Valley since before we were the Silicon Valley, and more a collection of orchards with a little city in the middle.
AMT starting as CLO, Civic Light Opera, then San Jose Musical Theatre, and finally changed to American Musical Theatre in 1995 for its 60th anniversary. Originally it was a strictly local company, (0 comments)
KB Homes Evelyn Glenn in Sunnyvale is a Winner! - 12/01/08 08:13 PM
I have a wonderful client who just closed escrow on a new town home built by KB Homes in Sunnyvale and it is a beauty! This new town home complex is at the corner of Evelyn and Wolf which is less than a mile from the vibrant downtown Sunnyvale. The 3 bedroom 3 ½ bath town home has about 1600 square feet on 3 levels with gorgeous flooring, beautiful espresso color maple cabinets, and all the bells and whistles of a new home for a price in the mid $600,000 range. There are many new developments to choose from in the (1 comments)
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