Santa Clara Ca Real Estate Market Update 10/27/2013

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 43 single family Santa Clara homes for sale, up from 40 last week.

There are currently 44 Santa Clara town homes/condos for sale, up from 41 last week.

There are currently 56 pending sales of Santa Clara single family homes, down from 66 last week.

There are currently 42 pending sales of Santa Clara town homes/Condos, up from 41 last week.

In Sept of 2013 there were 46 single family Santa Clara homes sold, 5 less than in Aug, ranging in price from $505,000 to $1,183,000. These prices are a little lower than in Aug., on the highest price home, but that is because there were no new homes sold.  

In Sept of 2013 there were 34 Santa Clara Town Homes/Condos sold, 5 less than in Aug.  They ranged in price from $297,000 to $835,000. This is about the same as in June and July and Aug.. Has the appreciation started to slow down? I think so.  

There are a more homes for sale again this week which is good news.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Santa Clara please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4226351/santa-clara-ca-real-estate-market-update-10-20-2013#sthash.89al80KN.dpuf

Mountain View Ca Real Estate Market Update 10/27/2013

There are currently 15 single family Mountain View homes for sale,  down from 16 last week.

There are currently 20 Mountain View town homes/condos for sale,  down from 23 last week.

There are currently 36 pending sales of Mountain View single family homes,  up from 32 last week.

There are currently 26 pending sales of Mountain View Town homes/Condos, down from 34 last week.

In Sept 2013 there were 22 single family Mountain View homes sold ranging in price from $635,000 to $2,318,000. This does not include sales in the new development in Waverley Park. The lowest price sale is down over 100K from July, but in an industrial neighborhood. The lowest price single family home in a residential neighborhood was $704,000. Down $146,000 from the lowest price in August.

In September, 2013  there were 28 Mountain View Town Homes/Condos sold ranging in price from $405,000 to $1,165,000. I thought prices were starting to level off in Mountain View, but it does not appear to be the case $405,000 for a one bedroom condo is not a sign that the market is leveling off. 

  I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  August is always a slow month for listings so I didn't expect to see another jump until Sept which so far has been more like a skip than a jump.  The structural problem of not enough single family homes is not going to be solved  any time soon.  In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon. In the mean time we are in the doldrums as far as inventory and pending sales go.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Mountain View please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

- See more at: http://activerain.com/blogsview/4226362/mountain-view-ca-real-estate-market-update-10-20-2013#sthash.eiXO8wC7.dpuf

Palo Alto Ca Real Estate Market Update 10/27/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers

.

There are currently 25 single family Palo Alto homes for sale, down from 29 last week.

There are currently 2 Palo Alto town homes/condos for sale, down from 3 last week.

There are currently 33 pending sales of Palo Alto single family homes, down from 48 last week.

There are currently 7 pending sales of Palo Alto Town homes/Condos, down from 8 last week.

In Sept of 2013 there were 29 single family Palo Alto homes sold, 15 less than in Aug. The big drop in solds is a reflection of the decrease in inventory that always happens in August. The prices ranged from $595,000 to $4,325,000. This is the first sale under a million dollars since last spring. The $595,000 sale was a weird anomoly of a tear down house on a small lot on Alma. The next lowest price house was $1,070,00.

In Sept of 2013 there were 7 Palo Alto Town Homes/Condos sold, the same as August.  The prices ranged from $900,000 to $1,650,000. This is a very a high starting price point for condos in Palo Alto, but none of the condos in the traditionally lower priced complexes were for sale.

Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation. 

Unfortunately inventory seems to be staying low this month which is more than a little depressing.  If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4226342/palo-alto-ca-real-estate-market-update-10-20-2013#sthash.QbD0AOvN.dpuf

Add Some Chocolate To That Palo Alto Barron Park Home You Are Selling

Selling a Home in Barron Park I am often asked, "What can I do to make my Selling a home in Barron Park  really stand out when I am selling it. My answer is "Easy, add chocolate." Now I am not talking the delicious kind from Her Coconess that you can get at the Palo Alto Farmer's market, although I would recommend serving that at your open houses. 

I am talking about chocolate bark for the lawn. It is a common joke around Palo Alto that you can tell when a Selling a home in Barron Park when the redwood chip bark goes on the front lawn. Well, my suggestion is forget the redwood bark and use chocolate bark. It is gorgeous and really does make a house pop!

The first impression a buyer gets when driving up to a Selling a home in Barron Park is crucial. You want to take their breath away, even if you only have a 1000 square foot ranch house built in 1952 with last updates done in the 70's. The outside should make someone say, "I want to live here."

Chocolate bark is rich and if someone is going to pay $1,800,000 for your home you need to look rich. Yes it true that most Selling a home in Barron Park will get multiple offers and the market will dictate what your Selling a home in Barron Park, but you don't want to turn off any potential group of buyers.

The builders may tear your home down, some individual may tear your home down, or someone may want to live in your home the way it is, or with only a few updates. In all three of those cases someone may live in the house for a year or more even if it is going to be torn down. The builder may rent it out during the year it takes to get permits and approvals. The owner builder may live there while waiting for permits and approvals. And finally it may be the home some real people buy to live in. All of those occupants deserve the emotional appeal that chocolate bark gives.

So when you are selling your home in Barron Park, be generous with the chocolate and it will pay big dividends.

If you have any questions about selling a home in Barron Park please feel free to contact me.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

Sunnyvale Community Players

Sunnyvale Community Players are a nonprofit theatre company.  They produce 4-5 shows every season that have specific cast requirements. The have productions for casts of Junior (8- 18 years old), Young Adult (13-26 years old), and Adult ( 18 years old and older).

 

I saw their first show of the season, Pippin.  The cast was obviously having a lot of fun and really putting their energy into the show. This made the audience glued in, which was great because there was a few numbers that asked for audience participation. The production used the alternate ending, which Stephen Shwartz, the lyricist and composer, prefers. It made the production very powerful. This was the first time I saw a Sunnyvale Community Players production and it made me look forward to attending another one.

 

Zombie Prom will be performed November 1- November 24, 2013. Think Grease, but with zombies! It isn’t scary at all and tries to keep that fun, retro energy throughout the whole show.  Tickets are $24 for Adults, $21 for students and seniors, and $11 for children 5 years old and younger.  Thursday productions are $21. There is a $3 service fee for each ticket.  If you buy tickets before October 27, use the code FERMI to get 25% off.

 

A Little Princess is a Junior production that runs from February 21- March 16, 2014. Auditions are December 2 & 3, 2013. More information is available in this audition packet, http://sunnyvaleplayers.org/docs/Auditions/A%20Little%20Princess%20Audition%20Packet.pdf .

 

Little Shop of Horrors will run from April 4- April 27, 2014. Auditions are December 16 & 17, 2013. More information is available in this audition packet, http://www.sunnyvaleplayers.org/docs/Auditions/Little%20Shop%20Audition%20Packet.pdf .

Sunnyvale Community Center hosts the Sunnyvale Community Players at 550 Remington Drive, Sunnyvale.  It is a cozy theatre that could have no “bad seats.” If you have never been there before I would recommend going early to find which building to park next to because it is a sprawling recreational complex. I hope you are able to attend Sunnyvale Community Player’s productions in the future!

 

If you want to look for homes for sale near Sunnyvale Community Theatre click Sunnyvale homes for sale

 

If you have any questions about living in Sunnyvale please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285

Menlo Park Ca Real estate Market Update 10/20/2013

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.
There are currently 30 single family Menlo Park homes for sale down from 37 last week.
There are currently 12 Menlo Park town homes/condos for sale up from 9 last week.
There are currently 25 pending sales of Menlo Park single family homes down from 28 last week.
There are currently 5 pending sales of Menlo Park homes/Condos down from 8 last week.
In September of 2013 there were 16 single family Menlo Park homes sold, a big decrease from Aug closings, but listing in August are always down so that translates in a decrease in closing in August.  The prices ranged from $537,000 to $4,500,000 a little higher than in August.  If you look at just the Menlo Park homes with Menlo Park schools the lowest price in Aug. was $1,300,000 up over $400,000 from the lowest price home with Menlo Park schools in August.  In September of 2013 there were 5 Menlo Park Town Homes/Condos sold.   The prices ranged from $540,000 to $1.070.000.
The inventory of single family homes for sale in Menlo Park is still at historically low levels but a little higher than last week. The pending sales however do not exceed active listings so that gives us some hope that the insanity may be dampening. In fact there are few pending sales than last week. Now that the current crisis in Washington is over the stock market will probably rebound and with it the home sales.  If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

Marcy Moyer
Keller Williams Realty
www.marcymoyer.com
marcy@marcymoyer.com
D.R.E. 01191194
650-619-9285
- See more at: http://activerain.com/blogs/marcymoyer?page=2#sthash.6znOKYEx.dpuf

Mountain View Ca Real Estate Market Update 10/20/2013

There are currently 16 single family Mountain View homes for sale,  up from 13 last week.

There are currently 23 Mountain View town homes/condos for sale,  up from 19 last week.

There are currently 32 pending sales of Mountain View single family homes,  up from 31 last week.

There are currently 34 pending sales of Mountain View Town homes/Condos, the same as last week.

In Sept 2013 there were 22 single family Mountain View homes sold ranging in price from $635,000 to $2,318,000. This does not include sales in the new development in Waverley Park. The lowest price sale is down over 100K from July, but in an industrial neighborhood. The lowest price single family home in a residential neighborhood was $704,000. Down $146,000 from the lowest price in August.

In September, 2013  there were 28 Mountain View Town Homes/Condos sold ranging in price from $405,000 to $1,165,000. I thought prices were starting to level off in Mountain View, but it does not appear to be the case $405,000 for a one bedroom condo is not a sign that the market is leveling off. 

  I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  August is always a slow month for listings so I didn't expect to see another jump until Sept which so far has been more like a skip than a jump.  The structural problem of not enough single family homes is not going to be solved  any time soon.  In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon. In the mean time we are in the doldrums as far as inventory and pending sales go.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Mountain View please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

- See more at: http://activerain.com/blogsview/4219989/mountain-view-ca-real-estate-market-update-10-13-13#sthash.JCvoPXFM.dpuf

Santa Clara Ca REal Estate Market Update 10/20/2013

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 40 single family Santa Clara homes for sale, up from 36 last week.

There are currently 41 Santa Clara town homes/condos for sale, up from 38 last week.

There are currently 66 pending sales of Santa Clara single family homes, up from 64 last week.

There are currently 41 pending sales of Santa Clara town homes/Condos, down from 45 last week.

In Sept of 2013 there were 46 single family Santa Clara homes sold, 5 less than in Aug, ranging in price from $505,000 to $1,183,000. These prices are a little lower than in Aug., on the highest price home, but that is because there were no new homes sold.  

In Sept of 2013 there were 34 Santa Clara Town Homes/Condos sold, 5 less than in Aug.  They ranged in price from $297,000 to $835,000. This is about the same as in June and July and Aug.. Has the appreciation started to slow down? I think so.  

There are a more homes for sale this week which is good news.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Santa Clara please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4220252/santa-clara-ca-market-update-10-14-2013#sthash.6cT7mVyu.dpuf

Palo Alto CA Real Estate Market Update 10/20/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 29 single family Palo Alto homes for sale, down from 37 last week.

There are currently 3 Palo Alto town homes/condos for sale, down from 5 last week.

There are currently 39 pending sales of Palo Alto single family homes, down from 48 last week.

There are currently 8 pending sales of Palo Alto Town homes/Condos, down from 10 last week.

In Sept of 2013 there were 29 single family Palo Alto homes sold, 15 less than in Aug. The big drop in solds is a reflection of the decrease in inventory that always happens in August. The prices ranged from $595,000 to $4,325,000. This is the first sale under a million dollars since last spring. The $595,000 sale was a weird anomoly of a tear down house on a small lot on Alma. The next lowest price house was $1,070,00.

In August of 2013 there were 7 Palo Alto Town Homes/Condos sold, the same as August.  The prices ranged from $900,000 to $1,650,000. This is a very a high starting price point for condos in Palo Alto, but none of the condos in the traditionally lower priced complexes were for sale.

 Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation. I think the turmoil and uncertaincainty from the government shut down and brink of default along with the stock market dip had a dampening effect on both sellers and buyers. Now that it is over hopefully things will get back to normal.  If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4220262/palo-alto-ca-real-estate-market-update-10-14-2013#sthash.06PYyUJN.dpuf

How Much Should I Offer For a Menlo Park Home With Multiple Offers?

Anyone trying to buy a home in Menlo Park right now knows that it is tough out there. There are many more buyers than sellers and many Menlo Park homes sell with multiple offers way over list price. Some homes go as much as 30% over asking, but some do not. How does a buyer make the decision about how much to offer to have the winning bid in a Menlo Park multiple offer situation and not overpay?

The answer is not simple, and sometimes it is not a question of price, but terms, like contingencies, length of escrow, length of rent back, etc.

But for right now, let's just discuss price. Here are some things to keep in mind when you make an offer on a Menlo Park home in a multiple offer situation,

1. In my opinion the most important thing is, how much is this home worth to you? In other words, what price would you offer so that if it sold for $1000 more you would not be sorry because you do not want to pay that much. It may be that you would pay more than your offer if you could, but you can't so you are just doing your best. But if that is not the case you need to decide how much the house is worth to you so that if you do not get it you will not have regrets.

2. How is the asking price of this home compared to market value? If the house is listed low it will get multiple offers and sell for much more. If it is listed at or above market value it will not. This is not rocket science. Figuring out market value can be a little tricky since there are many variables, and the market is a moving target, but a good Menlo Park real estate agent should be able to help you analyze comps. Once you know the market value you will have to offer more in an appreciating market like we are in now. Sorry, but that is the truth.

3. What is the style of the listing agent? Does he or she like to list homes very low to get as many multiple offers as possible on their Menlo Park listings? Does the agent over value a home to try to get more money for their client, or just try to win out on a competitive listing? Does the agent like to work with multiple counter offers, or accept the the first best offer?  Your agent should be able to give you insight into what other Menlo Park real estate agents like to do.

In the end, the final offer price and terms will be your decision, but if you have a great Menlo Park real estate agent he or she can help guide you through the murky waters of Menlo Park multiple offers.

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

Marcy Moyer

Keller Williams Realty 

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/3728401/how-much-to-offer-on-a-menlo-park-home-with-multiple-offers#sthash.ZBztmhen.dpuf

Multiple Offers in Mountain View Condos: How To Choose Offer Price

Anyone trying to buy a condo in Moutain View right now knows that it is tough out there. There are many more buyers than sellers and many Mountain View condos sell with multiple offers way over list price. Some homes go as much as 30% over asking, but some do not. How does a buyer make the decision about how much to offer to have the winning bid in a Mountain View condo multiple offer situation and not overpay? The good news is that as you can see from the above chart prices are not going as far over list price as earlier in the year, but it is still a challenge.

The answer is not simple, and sometimes it is not a question of price, but terms, like contingencies, length of escrow, length of rent back, etc.

But for right now, let's just discuss price. Here are some things to keep in mind when you make an offer on a Mountain View condo in a multiple offer situation,

1. In my opinion the most important thing is, how much is this condo worth to you? In other words, what price would you offer so that if it sold for $1000 more you would not be sorry because you do not want to pay that much. It may be that you would pay more than your offer if you could, but you can't so you are just doing your best. But if that is not the case you need to decide how much the house is worth to you so that if you do not get it you will not have regrets.

2. How is the asking price of this condo compared to market value? If the condo is listed low it will get multiple offers and sell for much more. If it is listed at or above market value it will not. This is not rocket science. Figuring out market value can be a little tricky since there are many variable, and the market is a moving target, but a good Mountain View real estate agent should be able to help you analyze comps. Once you know the market value you will have to offer more in an appreciating market like we are in now. Sorry, but that is the truth.

3. What is the style of the listing agent? Does he or she like to list homes very low to get as many multiple offers as possible on their Mountain View listings? Does the agent over value a condo to try to get more money for their client, or just try to win out on a competitive listing? Does the agent like to work with multiple counter offers, or accept the the first best offer?  Your agent should be able to give you insight into what other Mountain View real estate agents like to do.

In the end, the final offer price and terms will be your decision, but if you have a great Mountain View real estate agent he or she can help guide you through the murky waters of Mountain View condo multiple offers.

If you have any questions about buying or selling a condo in Mountain View please feel free to contact me.

Marcy Moyer

Keller Williams Realty 

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-9285

How Much Should I offer on A Palo Alto Home With Multiple Offers?

Anyone trying to buy a home in Palo Alto right now knows that it is tough out there. There are many more buyers than sellers and many Palo Alto homes sell with multiple offers way over list price. Some homes go as much as 40% over asking, but some do not. How does a buyer make the decision about how much to offer to have the winning bid in a Palo Alto multiple offer situation and not overpay?

The answer is not simple, and sometimes it not a question of price, but terms, like contingencies, length of escrow, length of rent back, etc.

But for right now, let's just discuss price. Here are some things to keep in mind when you make an offer on a Palo Alto home in a multiple offer situation,

1. In my opinion the most import thing is, how much is this home worth to you? In other words, what price would you offer so so that if it sold for $1000 more you would not be sorry because you do not want to pay that much. It may be that you would pay more than your offer if you could, but you can't so you are just doing your best. But if that is not the case you need to decide how much the house is worth to you so that if you do not get it you will not have regrets.

2. How is the asking price of this home compared to market value? If the house is listed low it will get multiple offers and sell for much more. If it is listed at or above market value it will not. This is not rocket science. Figuring out market value can be a little tricky since there are many variable, and the market is a moving target, but a good Palo Alto real estate agent should be able to help you analyze comps. Once you know the market value you will have to offer more in an appreciating market like we are in now. Sorry, but that is the truth.

3. What is the style of the listing agent? Does he or she like to list homes very low to get as many multiple offers as possible on their Palo Alto listings? Does the agent over value a home to try to get more money for their client, or just try to win out on a competitive listing? Does the agent like to work with multiple counter offers, or accept the the first best offer?  Your agent should be able to give you insight into what other Palo Alto real estate agents like to do.

In the end, the final offer price and terms will be your decision, but if you have a great Palo Alto real estate agent he or she can help guide you through the murky waters of Palo Alto multiple offers.

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

- See more at: http://activerain.com/blogsview/3724323/how-much-to-offer-on-a-palo-alto-home-with-multiple-offers-#sthash.WSHTf7jm.dpuf

Palo Alto Ca Real Estate Market Update 10/14/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 37 single family Palo Alto homes for sale, up from 30 last week.

There are currently 5 Palo Alto town homes/condos for sale, down from last week.

There are currently 48 pending sales of Palo Alto single family homes, up from 37 last week.

There are currently 10 pending sales of Palo Alto Town homes/Condos, the same as last week.

In Sept of 2013 there were 29 single family Palo Alto homes sold, 15 less than in Aug. The big drop in solds is a reflection of the decrease in inventory that always happens in August. The prices ranged from $595,000 to $4,325,000. This is the first sale under a million dollars since last spring. The $595,000 sale was a weird anomoly of a tear down house on a small lot on Alma. The next lowest price house was $1,070,00.

In August of 2013 there were 7 Palo Alto Town Homes/Condos sold, the same as August.  The prices ranged from $900,000 to $1,650,000. This is a very a high starting price point for condos in Palo Alto, but none of the condos in the traditionally lower priced complexes were for sale.

Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation. 

While right now the number of pending sales are higher than last week and the active listings are down.  Well the government did shut down, but is not having a effect on the market this week. I am more concerned with what could happen if we default on our debt, but I really do not believe that will happen.  

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4213200/palo-alto-ca-real-estate-market-update-10-6-2013#sthash.kyixUdsb.dpuf

Santa Clara Ca Market Update 10/14/2013

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 36 single family Santa Clara homes for sale, up from 45 last week.

There are currently 38 Santa Clara town homes/condos for sale, down from 41 last week.

There are currently 64 pending sales of Santa Clara single family homes, up from 62 last week.

There are currently 45 pending sales of Santa Clara town homes/Condos, up from 40 last week.

In Sept of 2013 there were 46 single family Santa Clara homes sold, 5 less than in Aug, ranging in price from $505,000 to $1,183,000. These prices are a little lower than in Aug., on the highest price home, but that is because there were no new homes sold.  

In Sept of 2013 there were 34 Santa Clara Town Homes/Condos sold, 5 less than in Aug.  They ranged in price from $297,000 to $835,000. This is about the same as in June and July and Aug.. Has the appreciation started to slow down? I think so.  

There are a fewer homes for sale this week which is bad news.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Santa Clara please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4207461/santa-clara-ca-real-estate-market-update-9-30-2013#sthash.IXevyJ0f.dpuf

Mountain View Ca Real Estate Market Update 10/13/13

There are currently 13 single family Mountain View homes for sale,  down from 15 last week.

There are currently 19 Mountain View town homes/condos for sale,  up from 18 last week.

There are currently 31 pending sales of Mountain View single family homes,  up from 24 last week.

There are currently 34 pending sales of Mountain View Town homes/Condos, down from 37 last week.

In Sept 2013 there were 22 single family Mountain View homes sold ranging in price from $635,000 to $2,318,000. This does not include sales in the new development in Waverley Park. The lowest price sale is down over 100K from July, but in an industrial neighborhood. The lowest price single family home in a residential neighborhood was $704,000. Down $146,000 from the lowest price in August.

In September, 2013  there were 28 Mountain View Town Homes/Condos sold ranging in price from $405,000 to $1,165,000. I thought prices were starting to level off in Mountain View, but it does not appear to be the case $405,000 for a one bedroom condo is not a sign that the market is leveling off. 

 I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  August is always a slow month for listings so I didn't expect to see another jump until Sept which so far has been more like a skip than a jump.  The structural problem of not enough single family homes is not going to be solved  any time soon.  In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon. In the mean time we are in the doldrums as far as inventory and pending sales go.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Mountain View please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

- See more at: http://activerain.com/blogsview/4207447/mountain-view-ca-real-estate-market-update-9-30-2013#sthash.kg5PnVus.dpuf