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

Menlo Park Ca REal Estate Market Update 10/13/13

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 37 single family Menlo Park homes for sale up from 34 last week.

There are currently 9 Menlo Park town homes/condos for sale down from 8 last week.

There are currently 28 pending sales of Menlo Park single family homes up from 27 last week.

There are currently 8 pending sales of Menlo Park homes/Condos the same as 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. It will be interesting to see how the impending shut down and possible debt ceiling crisis effect the market, if at all.  

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/blogsview/4207485/menlo-park-ca-real-estate-market-update-9-30-2013#sthash.MOgmeGEa.dpuf

Palo Alto Ca Real Estate Market Update 10/6/2013

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 30 single family Palo Alto homes for sale, down from 33 last week.

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

There are currently 37 pending sales of Palo Alto single family homes, up from 34 last week.

There are currently 10 pending sales of Palo Alto Town homes/Condos, down from 15 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 an 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/4207437/palo-alto-ca-real-estate-market-update-9-30-2013#sthash.9g6d3ibp.dpuf

Santa Clara Ca Pre-Sale Dry Rot Bath Repair Turns Is Not That Simple

I am currently getting a Santa Clara Probate sale ready for market. However, for a variety of reasons the Personal Representative has decided to let the Santa Clara Probate Process finish up before putting the home on the market. As a result, she has now inherited the home outright and so the rules have changed some.

This means that she can now do repairs on the house without putting the Santa Clara estate in jeopardy of increased liability. The previous owner was almost 100 years old when he died and there is a lot of differed maintenance. 

Both bathrooms were completely filled with dry rot, besides being old, ugly, and dirty. She made the decision that it was worth having the termite company come in and get rid of the dry rot, replace the fixtures, and re tile the bath rooms before selling this Santa Clara home. That seems very straight forward right?

The termite company came into this Santa Clara Probate home before sale and removed everything in the original baths, put in new shower valves, and then called the city in for an inspection.  The Santa Clara city building inspector came to the house and said the work was fine, but in order to final the permit the contractor had to hard-wire the house for smoke detectors and carbon monoxide detectors. Just putting them on the walls was not enough. He wanted them all hardwired together. Plus, he wanted motion sensor detectors in the light switches in both bathrooms. Neither the contractor nor the owner of the termite company had ever had to do this before, and they rip up bathrooms every day.

However, as the expression goes, you "Can't fight City Hall." If the Santa Clara Building inspector says all the smoke detectors and carbon monoxide detectors have to be hardwired and the light switches have to be motion sensor-ed then it will get done. 

The electrical panel is old, has fuses, and needs to be replaced. My client decided she was not going to do it for fear they would ask her rebuild the chimney in order to get a permit to replace the electrical panel. Some cans of worms are not worth opening.

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

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

BRE 01191194

650-619-9285

Menlo Park Ca Real Estate Market Update 9/30/2013

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 36 last week.

There are currently 8 Menlo Park town homes/condos for sale down from 10 last week.

There are currently 27 pending sales of Menlo Park single family homes up from 17 last week.

There are currently 8 pending sales of Menlo Park homes/Condos up from 4 last week.

In August of 2013 there were 28 single family Menlo Park homes sold, a big decrease from July.  The prices ranged from $520,000 to $4,000,000. The lowest priced home in Belle Haven is up $100,000 from July and in central Menlo the price is about the same 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 July was $899,000 down June's lowest price of 975K., and down to $850,00 in August.  In August of 2013 there were 7 Menlo Park Town Homes/Condos sold.   The prices ranged from $580,000 to $2,395,000. This is a high starting price point for condos,  The lowest price condo that is not senior only housing was $1,149,000 for an 1,800+ square foot town home on Stone Pine,

The inventory of single family homes for sale in Menlo Park is still at historically low levels and even lower than last week. The pending sales however do not exceed active listings so that gives us some hope that the insanity may be dampening. It will be interesting to see how the impending shut down and possible debt ceiling crisis effect the market, if at all.  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/blogsview/4199491/menlo-park-ca-real-estate-market-update-9-21-2013#sthash.D9seu475.dpuf

Santa Clara Ca Real Estate Market Update 9/30/2013

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 45 single family Santa Clara homes for sale, up from 42 last week.

There are currently 41 Santa Clara town homes/condos for sale, the same as last week.

There are currently 62 pending sales of Santa Clara single family homes, down from 66 last week.

There are currently 40 pending sales of Santa Clara town homes/Condos, down from 43 last week.

In Aug of 2013 there were 51 single family Santa Clara homes sold, 10 less than in July, ranging in price from $525,000 to $1,500,000. The lowest priced home is $115,000 higher than the lowest price in July, but the highest price home is about the same, and in the same new development.  

In August of 2013 there were 41 Santa Clara Town Homes/Condos sold, almost the same as in July.  They ranged in price from $230,000 to $825,000. This is about the same as in June and July. Has the appreciation started to slow down? I think so.  

There are a few 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/4199477/santa-clara-ca-real-estate-market-update-9-21-2012#sthash.0cJjuQou.dpuf

Mountain View Ca REal Estate Market Update 9/30/2013

There are currently 15 single family Mountain View homes for sale,  down from 20 last week.

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

There are currently 24 pending sales of Mountain View single family homes,  up from 22 last week.

There are currently 37 pending sales of Mountain View Town homes/Condos, up from 35 last week.

In Aug, 2013 there were 29 single family Mountain View homes sold ranging in price from $685,000 to $2,425,000. 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 the same as in July, $850,000.

In June, 2013  there were 28 Mountain View Town Homes/Condos sold ranging in price from $370,000 to $1,300,000. These numbers are higher than in July. I thought prices were starting to level off in Mountain View, but it does not appear to be the case $370,000 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/4199455/mountain-view-ca-real-estate-market-update-9-21-2013#sthash.4RSuRafu.dpuf

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 33 single family Palo Alto homes for sale, down from 46 last month.

There are currently 6 Palo Alto town homes/condos for sale, down from 9 last month.

There are currently 34 pending sales of Palo Alto single family homes, up from 28 last week.

There are currently 15 pending sales of Palo Alto Town homes/Condos, up from 13 last month.

In Aug of 2013 there were 43 single family Palo Alto homes sold, just 2 less than in July. The prices ranged from $980,000 to $5,400,000. This is the first sale under a million dollars since last spring.

In August of 2013 there were 7 Palo Alto Town Homes/Condos sold, 2 more than in July.  The prices ranged from $550,000 to $1,700,000. This is not a high starting price point for condos in Palo Alto, but it was only one bedroom and about the same as last month.

August is traditionally the lowest month for inventory in Palo Alto so I skipped a few weeks of tracking. Hopefully we will not fall back into weeks of only a few homes 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.  The impeding government shut down is not having an effect on the market this week. We will have to see about next week if we really do shut down. 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/4199432/palo-alto-market-update-9-21-2013#sthash.vvAd9EOI.dpu

I found the Most Unusual Thing At My Santa Clara Probate Listing

As a Santa Clara Realtor who specializes in Probate Sales I have found many unusual things left at house that were not wanted or noticed by the heirs. Since I offer to clean out and stage the Probate Homes I sell I get to deal with al the junk that is left behind.

You see when someone dies an estimate of the value of the personal items is given to the court. After that the items that were left to specific people are distributed. These are usually the things of monetary or sentimental value like jewelry, artwork, or good furniture. Sometimes there is no will, or no specific designation, so any valuables will be sold and the money added to the money that will eventually be divided amongst the heirs. This can be done by an estate seller, a garage sale, or an auction house.

What is left is trash, things to recycle, and things to donate. This is where I come in. I bring in my crew and we recycle metal, paper, cans, old appliances, anything that can be recycled, donate anything that Goodwill or Saint Vincent DePaul will take, and trash the rest. After that I get the home painted, make sure the flooring is fresh, and fully stage the house.

We look at every item to make sure it really is worthless and that there is no money in a pocket or under a mattress. We have found some unusual things, but what we found at my latest Santa Clara Probate Sale is a first for me, someone's ashes. This person died in 1951 and we had no idea whose they were. The owner of the home was 100 when he died, and his closest relative who is the Personal Representativeof this Santa Clara Probate home is a much younger cousin and had no idea who the ashes belonged to.

After speaking with a neighbor we discovered that the ashes belonged to the owners son. They had been living in NYC in 1951 when their 5-year-old son was hit by a bus and killed. Our 100-year-old owner had kept the ashes with him for 62 years. My client, the younger cousin has taken the ashes so the two can be buried together. I was so happy to be able to do this for the family.

It is very satisfying to take a probate home from trash filled to cleaned up, painted, and fully staged in order to increase the value for the heirs, which is what I do. But it is even more satisfying to help a family preserve memories and wishes.

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

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

BRE 01191194

640-619-9284