Santa Clara Ca REal Estate Market Update 8/11/2013

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 46 single family Santa Clara homes for sale, up from 40 last week.
There are currently 39 Santa Clara town homes/condos for sale, down from 48 last week.
There are currently 60 pending sales of Santa Clara single family homes, up from 46 last week.
There are currently 46 pending sales of Santa Clara town homes/Condos, up from 42 last week.

In July of 2013 there were 61 single family Santa Clara homes sold, the same as in June, ranging in price from $410,000 to $1,520,000. The lowest priced home is about the same as teh lowest price in June, but the highest price home is much higher, by about 300K. This is probably a fluke.

In June of 2013 there were 39 Santa Clara Town Homes/Condos sold, almost 20% more than in June.

 They ranged in price from $190,000 to $815,000. This is about the same as in June. Has the appreciation started to slow down? I think so.
Santa Clara single family home listings are finally up from before the holiday.  Condos are down 10% from last week but they had been up 20% over the previous 2 weeks so this is not surprising. 

 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

Mountain View Real Estate Market Update 8/11/2013

There are currently 16 single family Mountain View homes for sale,  the same as last week.
There are currently 15 Mountain View town homes/condos for sale,  the same as last week.
There are currently 37 pending sales of Mountain View single family homes,  up from 31 last week.
There are currently 30 pending sales of Mountain View Town homes/Condos, up from 29 last week.

In July, 2013 there were 27 single family Mountain View homes sold ranging in price from $850,000 to $2,098,000. This does not include sales in the new development in Waverley Park. The lowest price sale is up almost 100K from June.
In June, 2013  there were 31 Mountain View Town Homes/Condos sold ranging in price from $340,000 to $980,000. These numbers are lower than June. Are we starting to level off in appreciation? I think so.

The inventory is the same as last week in single family home listings as well as condos. Pending sales are up which shows a still very strong demand for homes in Mountain View.  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 don't expect to see another jump until Sept at the earliest, but the structural problem of not enough single family homes is not going to be solved this. 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.

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

Palo Alto Real Estate Market Update 8/11/2013

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 23 single family Palo Alto homes for sale, down from 28 last week.
There are currently 5 Palo Alto town homes/condos for sale, down from 6 last week.
There are currently 41 pending sales of Palo Alto single family homes, down from 42 last week.
There are currently 4 pending sales of Palo Alto Town homes/Condos, down from 6 last week.

In July of 2013 there were 41 single family Palo Alto homes sold, a big drop from April, May  and June sales. The prices ranged from $1,250,000 to $5,495,000. No homes under a million is significant and a higher lowest price than June. This is getting to be a common occurrence in Palo Alto.
In July of 2013 there were 5 Palo Alto Town Homes/Condos sold, a huge drop from June. The prices ranged from $542,000 to $1,230,000. This is not a high starting price point for condos in Palo Alto, but it was ony one bedroom and about the same as last month.

We had decrease in single family homes for sale, and a decrease in condos. We were in the 40 home range for a few weeks and I hope we get back there again in the fall. August is traditionally a low inventory month so I don't expect much in the way of new inventory this month. 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. 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

Landscaping does Matter When Selling a Home In Santa Clara Ca

2013 has been an amazing year for Santa Clara Sellers. With inventory at historic lows and interest rates at historic highs, Santa clara homes for sale have been flying off the shelf.

However, now it is summer, and there is a normal shift in the market. The 20% appreciation that we saw in the first 6 months of the year is leveling off which is typical for this time of year. Interest rates have gone up by about 1% and while still low, are high enough to keep the affordability of a home in check for some buyers, and inventory has increased.

This does not mean it is a buyers market, or that prices are crashing, but it does mean Santa Clara sellers can not get lazy, especially if you want to get top dollar for your home
When a buyer first sees a home they get an impression which is hard to shake. Many people will look at a home and get a feeling for whether it is for them or not. They also get a feeling for whether the house needs work or is ready to move in. This feeling may not be based on reality.

You may have a Santa Clara home to sell that has been impeccably maintained structurally. It could have a new heater, an upgraded foundation, copper pipes, and new windows. However, if the landscaping is over grown it will look like a fixer. If the exterior paint is peeling, it will look like a fixer. If the home is cluttered and messy it will look like a fixer.

What happens if your Santa Clara home looks like a fixer? It is not pretty.
First of all you will get offers from flippers, mostly amateur who will think they can get the house for 100K less than asking so they can make a profit. You will have first time buyers not even make offers because they have no idea that for $10,000 they can make the house look beautiful. The work will seem overwhelming. And you will have buyers who love the house, but not be able to afford it at today's interest rates.

So, when you are selling your Santa Clara home, act as if the market is a buyer's market and make your house look as good as possible. You will be rewarded with an easier and more profitable sale.

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

Marcy Moyer
Keller Williams Realty
www.marcymoyer.com
marcy@marcymoyer.com
DRE 01191194
650-619-9285

PYT: Peninsula Youth Theatre

The Peninsula Youth Theatre is a children's theater very close to my heart. I spent many years as a parent there, and the experiences were amongst the best of my childrens' lives.  PYT performs at the Mountain View Center for the Performing Arts, 500 Castro St, Mountain View.  They have a wonderful array of options for children year round.

Peter Pan opens their new Centerstage 2013-2014 season. Performances will be November 9-17. Auditions will be August 26 & 27. Children ages 8-18 may audition with a prose monologue and 1 minute song accompanied by a CD or sheet music. They should be dressed to dance.  Peninsula Youth Theater offers a monologue binder to choose from if you need a monologue. It can be seen at the Mountain View Public Library's children's reference desk or you can call Peninsula Youth Theater's office at (650)988-8798 before the audition to make an appointment to view the binder. Peninsula Youth Theater would love to help those who are auditioning for the first time by emailing them at info@pynet.org or calling their office. There is a participation fee is $390 which includes tuition, script, rehearsal CD and basic costume. They offer scholarships. http://www.pytnet.org/subpages/showscholarshipform.pdf . Parent are required to complete volunteer hours. Register online for an audition time. https://thriva.activenetwork.com/Reg4/(S(1dhyoz4505vohfvew1ibq255))/Form.aspx?regkey=RpYOYPxE378wNjTYCkFkMw%3d%3d&qid=15255
The Sound of Music is the next show of the season that performs March 1-9 2014 and auditions are Nov 30 & Dec 1. The third show of the season is Oliver! that performs May 10- May 18 2014 and auditions March 8 & 9. The final show has not been announced yet, but will be performed July 26- Aug 3.

The Stories on Stage are 45 minute shows that are performed once a month. They have smaller casts and are performed in a black box theatre, Mountain View Center for the Performing Arts Secondstage. The shows are Freankenstein Makes a Sandwich & Takes the Cake on October 11 & 12, 2013; Turk & Runt on November 8 & 9, 2013; Merry Christmas, Strega Nona on December 8 & 9, 2013; Gooney Bird Greene and her True Life Adventures on January 17 & 18, 2014; Martina & the Beautiful Cockroach on February 14 & 15, 2014; The Whipping Boy on March 21 & 22, 2014; Fun with Francis on April 18 & 19, 2014; and The Stinky Cheese Man & Other Fairly Stupid Tales on May 16 & 17. 2014. Auditions are September 8. You are able to audition for one play or all eight plays. The children are required to be 12 -18 years old. The participation fee is $75 per month. They offer scholarships. Register online for an audition time. https://thriva.activenetwork.com/Reg4/(S(1dhyoz4505vohfvew1ibq255))/Form.aspx?regkey=RpYOYPxE378wNjTYCkFkMw%3d%3d&qid=15255

Peninsula Youth Theater offers classes and camps for children ages 3.5 years and older. All fall classes are at the PYT studios at 2500 Old Middlefield Way, Mountain View.
They hold an annual fall "FUNdraiser" called Puttin' on the Ritz. This year it will be on September 21, Saturday 6-9:30pm at the Community School of Music & Arts. It is an elegant evening of fine wine, dessert, live entertainment, and a silent auction.  Tickets are $50, but there is also a sponsor and star sponsor level with various perks.

If you would like to search for homes near Peninsula Youth Theatre click here.

Marcy Moyer
Keller Williams Realty
www.marcymoyer.com
marcy@marcymoyer.com
BRE 01191194
650-619-9285

Menlo Park Ca Real Estate Market Update 8/4/2013

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 31 single family Menlo Park homes for sale down from 34 last week..

There are currently 9 Menlo Park town homes/condos for sale the same as last week.

There are currently 23 pending sales of Menlo Park single family homes down from 26 last week.

There are currently 5 pending sales of Menlo Park homes/Condos down from 6 last week.

In July of 2013 there were 46 single family Menlo Park homes sold, a nice jump from June.  The prices ranged from $475,000 to $3,950,000. The lowest priced home in Belle Haven is down $100,000 from June and in central Menlo the price is down 1.5 for the highest price sold. I think the prices may be starting to level off. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in June was $899,000 down June's lowest price of 975K.  In July of 2013 there were 12 Menlo Park Town Homes/Condos sold.   The prices ranged from $380,000 to $1,326,000. This is a high starting price point for condos,  The lowest price condo that is not senior only housing was $580,00 for a 1 bedroom in Sharon Park which is similar to a one bedroom condo in Palo Alto.

The inventory of single family homes for sale in Menlo Park is still at historically low levels, and like Palo Alto and Mountain View down from last week, again. August is a traditionally slow month for inventory so I don't expect to see any increase until sometime in September.  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

Santa Clara Ca Real Estate Market Update 8/4/2012

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, down from 44 last week.

There are currently 48 Santa Clara town homes/condos for sale, up from 44 last week.

There are currently 56 pending sales of Santa Clara single family homes, the same as last week.

There are currently 42 pending sales of Santa Clara town homes/Condos, down from 43 last week.

In July of 2013 there were 61 single family Santa Clara homes sold, the same as in June, ranging in price from $410,000 to $1,520,000. The lowest priced home is about the same as teh lowest price in June, but the highest price home is much higher, by about 300K. This is probably a fluke.  

In June of 2013 there were 39 Santa Clara Town Homes/Condos sold, almost 20% more than in June.  They ranged in price from $190,000 to $815,000. This is about the same as in June. Has the appreciation started to slow down? I think so.  

Santa Clara single family home listings are not up from before the holiday.  Condos are up another 10% from last week. 

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

Mountain View Ca Real Estate Market Update 8/4/2013

There are currently 16 single family Mountain View homes for sale,  up from 12  last week.

There are currently 15 Mountain View town homes/condos for sale,  up from 14 last week.

There are currently 31 pending sales of Mountain View single family homes,  the same as last week.

There are currently 29 pending sales of Mountain View Town homes/Condos, down from 31 last week.

In July, 2013 there were 27 single family Mountain View homes sold ranging in price from $850,000 to $2,098,000. This does not include sales in the new development in Waverley Park. The lowest price sale is up almost 100K from June.

In June, 2013  there were 31 Mountain View Town Homes/Condos sold ranging in price from $340,000 to $980,000. These numbers are lower than June. Are we starting to level off in appreciation? I think so. 

The inventory is up a little this week in single family home listings as well as condos. 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 don't expect to see another jump until Sept at the earliest, but the structural problem of not enough single family homes is not going to be solved this. 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.

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

D.R.E. 01191194

Palo Alto Market Update 8/4/2013

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 28 single family Palo Alto homes for sale, down from 29 last week.

There are currently 6 Palo Alto town homes/condos for sale, the same as last week.

There are currently 42 pending sales of Palo Alto single family homes, down from 45 last week.

There are currently 6 pending sales of Palo Alto Town homes/Condos, down from 7 last week.

In July of 2013 there were 41 single family Palo Alto homes sold, a big drop from April, May  and June sales. The prices ranged from $1,250,000 to $5,495,000. No homes under a million is significant and a higher lowest price than June. This is getting to be a common occurrence in Palo Alto.

In July of 2013 there were 5 Palo Alto Town Homes/Condos sold, a huge drop from June. The prices ranged from $542,000 to $1,230,000. This is not a high starting price point for condos in Palo Alto, but it was ony one bedroom and about the same as last month.

We had increase in single family homes for sale, and a decrease in condos. We were in the 40 home range for a few weeks and I hope we get back there again in the fall. August is traditionally a low inventory month so I don't expect much in the way of new inventory this month. 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. 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

Landscaping Does Matter When Selling a Home in San Jose

2013 has been an amazing year for San Jose Sellers. With inventory at historic lows and interest rates at historic highs, San Jose homes for sale have been flying off the shelf.  

However, now it is summer, and there is a normal shift in the market. The 20% appreciation that we saw in the first 6 months of the year is leveling off which is typical for this time of year. Interest rates have gone up by about 1% and while still low, are high enough to keep the affordability of a home in check for some buyers, and inventory has increased.

This does not mean it is a buyers market, or that prices are crashing, but it does mean San Jose sellers can not get lazy, especially if you want to get top dollar for your home

When a buyer first sees a home they get an impression which is hard to shake. Many people will look at a home and get a feeling for whether it is for them or not. They also get a feeling for whether the house needs work or is ready to move in. This feeling may not be based on reality.

You may have a San Jose home to sell that has been impeccably maintained structurally. It could have a new heater, an upgraded foundation, copper pipes, and new windows. However, if the landscaping is over grown it will look like a fixer. If the exterior paint is peeling, it will look like a fixer. If the home is cluttered and messy it will look like a fixer.

What happens if your San Jose home looks like a fixer? It is not pretty.

First of all you will get offers from flippers, mostly amateur who will think they can get the house for 100K less than asking so they can make a profit. You will have first time buyers not even make offers because they have no idea that for $10,000 they can make the house look beautiful. The work will seem overwhelming. And you will have buyers who love the house, but not be able to afford it at today's interest rates.

So, when you are selling your San Jose home, act as if the market is a buyer's market and make your house look as good as possible. You will be rewarded with an easier and more profitable sale.

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

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

BRE 01191194

650-619-9285

The Palo Alto Children's Theater A Palo Alto Tradition

The Palo Alto Children's Theater started in 1932 and has grown to be a mainstay of the Palo Alto community by being one of the first and only children's theaters in the nation that has a fully-equipped theater exclusively for young people. It is located at 1305 Middlefield Road, Palo Alto, 94301. The Palo Alto Children's Theater has so much opportunity for youth in Palo Alto.

The Palo Alto Children's Theater hosts Hot Dog Suppertime shows for their summer shows. It is when you can bring a picnic for your family or the Friends of the Children's Theater; a volunteer organization; will have food to purchase which includes hot dogs, hamburgers, veggie burgers, chips and soft drinks at the show. The shows are performed at the Roy Ginsburg Magic Castle Stage at Children's Theater and the gates to Secret Garden open at 5:45 pm. Performances run approximately one hour. Children ages four and up are recommended. Tickets are $10 for children and $12 for adults. Tickets can be purchased over at the box office either in person or on the phone at 650-463-4970.

The next Hot Dog Suppertime Show is The Real Story of the Three Little Pigs and is performed by the Wingspread Company. This parody challenges the truth of the story of the three little pigs by putting the Big Bad Wolf on trial and letting the audience be the jury by deciding if he is guilty or not guilty. It runs from July 31, August 1-4, 7, 8-10 at 6:30pm.

The Wingspread Company is Palo Alto Children Theater's summer stock program. You may audition if you are 16- 24 year olds or if you have completed all four levels of the Summer Conservatory.  The auditions are typically held in April and May and scheduled by appointment.

Palo Alto Children's Theater presents The Playhouse shows one weekend of each month from September to May for 3-6 year olds by local high school students. These folk or fairy tales are performed on Saturdays at 10:00 am & 12:00pm and Sundays at 12:00pm where audience participation is always encouraged. The shows are 45 minutes. Tickets are $10 for children and $12 for adults at the Magic Castle Stage.

The Playhouse shows are sponsored by the Teen Arts Council, An organization and initiative of the Palo Alto Children's Theater, whose focus is to provide teens with creative arts programs to express themselves. They even have a grant board that offers financial assistance to teen's creative projects.

Palo Alto Children's Theater Mainstage Season will be announced in August. The season runs from November to March. Tickets are $10 for Children and $12 for Adults.

Something to keep in mind for next summer are the classes that Palo Alto Children's Theater offers. The summer classes are available for preschool to teens of 18 years of age. Most summer classes begin in the beginning of June and end in August. Space is limited so calling as soon as possible to reserve a spot is suggested. This includes Private Vocal sessions available for teens.  For more information you may also call 650-463-4930, Tuesday - Saturday, 9:30-6:30 pm. http://www.cityofpaloalto.org/gov/depts/csd/theatre/classes.asp They also offer classes throughout the year.

If you have a child that would like to audition for a play, they normally have to be 8 years old to high school age. There are scheduled audition dates for each play that are posted online. No experience or appointment is necessary. All that is needed is a memorized one minute monologue. If it is a musical, you will also need a short song and be dressed to dance at the audition.

If you wanted to Volunteer for Palo Alto Children's Theater in sewing, set construction and painting, baking & selling brownies at performances, assembling programs or inputting computer data you can call 650-463-4930. They would be more than happy for your generous help.

If you have any questions about other great activities for children on Palo Alto please feel free to contact me.

If you would like to search for homes in Palo Alto click here

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

BRE 01191194

650-619-9285 

Santa Clara Trust Sale Goes Very Wrong! (Not My Listing)

I got a call this morning from a very sweet but distraught woman about a home in Santa Clara that belonged to her grandmother and was supposed to be a trust sale. However the home is now 2 weeks away from a foreclosure sale and this did not have to happen.

Here is the situation:

1. Grandmother owned the home and took out a reverse mortgage with Wells Fargo. 

2. After Grandmother got her reverse mortgage and before she died she put the home in a trust and did not inform Wells Fargo she had done this.

3. Grandmother dies and the successor trustee, grand daughter is in charge of dealing with the house. 

4. Granddaughter tells Wells Fargo she is the successor trustee and will be selling the house which is a requirement with in 3 months of the owner passing or leaving the house.

5. Wells Fargo tells Granddaughter they were never informed that the house was in a trust and they 

can not speak with Granddaughter because Grandmother never gave them permission and never transferred the reverse mortgage into the trust with their permission.

6. In April Wells Fargo records Notice of Default.

7. Granddaughter calls a lawyer who says he does not know why this happening but does nothing.

8. In July Wells Fargo records Notice of Trustee sale for Aug 13.

9. Granddaughter call me for advice. 

10. I tell her to call my lawyer, Rebeccah Miller at Lakin Sprears in Palo Alto to try to get this sorted out.

I have no idea what the legal issues are here with the home being put in a trust without Wells Fargo knowledge. I do know that this sort of issue comes up often and can not be ignored. If you do not act in a timely manner the estate can lose a home to foreclosure. I have written about this before. http://actvra.in/P75

If the home were in Probate then the Probate lawyer could go to a judge for an emergency postponement of foreclosure. I am hoping this can happen in a trust as well. Or maybe they can open a Probate since it looks like maybe the loan/house can not be in the trust and they need to probate it. In that case if someone works quickly enough a judge could stop the foreclosure.

The point I will make again is: IF YOU ARE IN CHARGE OF A HOME OF SOMEONE WHO HAS DIED EITHER AS A PERSONAL REPRESENTATIVE OR A SUCCESSOR TRUSTEE DO NOT PUT YOUR HEAD IN THE SAND. DEAL WITH THE MORTGAGE WHETHER IT IS A TRADITIONAL OR A REVERSE AND MAKE SURE THE HOME DOES NOT GET FORECLOSED BECAUSE SOMEONE, INCLUDING YOUR LAWYER DROPPED THE BALL.

If you have any questions about selling a home in Probate or Trust in Santa Clara or San Mateo County please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

DRE 01191194

650-619-9285

Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Short Sales and Trust and Probate Sales

Menlo Park Ca Real Estate Market Update 7/27/2013

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 34 single family Menlo Park homes for sale down from 39 last week..

There are currently 9 Menlo Park town homes/condos for sale the up from 7 last week.

There are currently 26 pending sales of Menlo Park single family homes down from 29 last week.

There are currently 6 pending sales of Menlo Park homes/Condos down from 7 last week.

In June of 2013 there were 33 single family Menlo Park homes sold down from 47 in May.  The prices ranged from $540,000 to $4,375,000. The lowest priced home in Belle Haven is up $100,000 from May. I thought we may have been leveling off but this number does not prove it. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in June was $975,000 up a little form May but the only home with Menlo Park schools sold under a million. In June of 2013 there were 10 Menlo Park Town Homes/Condos sold.   The prices ranged from $395,000 to $1,800,000. This is a high starting price point for condos, but not as high as Palo Alto. The lowest price condo that is not senior only housing was $551,00 for a 1 bedroom in Sharon Park which is similar to a one bedroom condo in Palo Alto.

The inventory of single family homes for sale in Menlo Park is still at historically low levels, and like Palo Alto and Mountain View down from last week, again. I am hoping that as the summer progresses we will have more inventory and that this week is not a trend.  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

Santa Clara Ca Real Estate Market Up 7/27/2013

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 44 single family Santa Clara homes for sale, down from 46 last week.

There are currently 44 Santa Clara town homes/condos for sale, up from 39 last week.

There are currently 56 pending sales of Santa Clara single family homes, down from 61 last week.

There are currently 43 pending sales of Santa Clara town homes/Condos, down from 59 last week.

In June of 2013 there were 61 single family Santa Clara homes sold, up from 47 in May, ranging in price from $420,000 to $1,240,000. This shows a decrease in price range of 10% for the lowest priced home sold in May, but it was a short sale that took a long time to close so the market at time of sale was lower. The lowest price traditional sale was $550,000 which is $100,000 higher than the lowest price in May. 

In June of 2013 there were 33 Santa Clara Town Homes/Condos sold, the same as in May.  They ranged in price from $230,000 to $790,000. This is 20% lower than the lowest price in May and 5% lower than the highest price in May. Has the appreciation started to slow down? I think so.  

Santa Clara single family home listings are not up from before the holiday.  Condos are up another 10% from last week.  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