Homescopes

Well, my husband finally got me to agree to a new doggie.  Her name is Ceilidh -- I know he is just trying to screw with me since I will never be able to spell this without looking it up.  She is a McNabb Shepherd and should max out at ...

STATS FOR LAST 7 DAYS

new listing 0, sale pending 1, sold 0, expired 0, withdrawn 0

new listing      

new pending    1510 Yountville Cross Rd, $2,795,000, 4 br 4 ba, 3,417 SF

new sold           

new expired    

withdrawn       

average prices, days on market                  

current listings for sale    28   avg price  $957,213; avg days on market 164

current sale pendings          3   avg price  $1,464,000; avg days on market 211

sold in last 6 months            4   avg price  $676,250; avg days on market 102

          Facts, numbers, SF from BAREIS and/or Napa County

                     tax records,  accuracy is not guaranteed

STATS FOR LAST 7 DAYS

new listing 6, sale pending 0, sold 1, expired 1, withdrawn 0

new listing       1823 Crinella Dr, $400,000, 3 br 2 ba, 1,545 SF

                             850 Deer Park Rd, $599,000, 2 br 2 ba, 2,613 SF

                             1161 Hudson Ave, $735,000, 2 br 1 ba, 1,016 SF

                             1225 Whitehall Ln, $1,495,000, 3 br 3.5 ba, 2,500 SF

                             199 Zinfandel Ln, $1,800,000, 2 br 1 ba, 1,460 SF

                             2470 Spring Mtn Rd, $5,900,000, 3 br 5 ba, 3,914 SF

new pending

new sold           980 Allison Ave, $695,000, 3 br 2.5 ba, 1,600 SF

new expired    536 Sanitarium Rd, $895,000, 4 br 3 ba, 1,000 SF 

withdrawn       

average prices, days on market                  

current listings for sale  105   avg price  $3,050,041; avg days on market 136

current sale pendings          7    avg price  $816,143;  avg days on market 125

sold in last 6 months         21    avg price  $1,169,238  avg days on market 140

          Facts, numbers, SF from BAREIS and/or Napa County

                     tax records,  accuracy is not guaranteed

STATS FOR LAST 7 DAYS

new listing 0, sale pending 1, sold 0, expired 1, withdrawn 1

new listing           

new pending       1701 N Oak St, $495,000, 3 br 1 ba, 950 SF

new sold                    

new expired        3029 Foothill Blvd, $1,895,000, 2 br 2 ba, 2,000 SF

withdrawn          3171 State Hwy 128, $685,000, 2 br 1 ba, 1,164 SF

average prices, days on market                  

current listings for sale    66   avg price  $1,743,747; avg days on market 186

current sale pendings        4    avg price  $1,518,750; avg days on market 168

sold in last 6 months         18   avg price  $557,556; avg days on market 161

          Facts, numbers, SF from BAREIS and/or Napa County

                     tax records,  accuracy is not guaranteed

In our weekly e-mail blast from the California Association of Realtors, we were brought up to date on yet another way that distressed homeowners are being taken advantage of.  Apparently there are companies out there who will take your money under the guise of helping you "renegotiate" your loan with your ...

Sales slowed up a bit this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy but many of the homes sold had been on the market at least 100 days - so sellers take heart and hang in there!  There were 33 residences that went from active to pending status as compared to last week’s 46.  Of all the sales this past week, 30 were single family homes and 3 were townhouses/condominiums.  The highest priced listing sold last week was 3480 Bluegrass Court in Morgan Hill, a 2630 s.f. home on a 28,750 s.f. lot in Holiday Lake Estates priced at $950,000 that had been on the market for 395 days.  The lowest priced listing sold last week was a bank-owned condo at 1271 Juniper Dr. #9 in Gilroy, a 742 s.f. condo priced at $98,000 (below $100,000!)  Sixty percent of the sales this week were priced under $500,000 and10% were above $800,000. 

Of these sales, the list price ranges were:

Below $200,000 = 4 sales (12% of total)

$200,000 - $500,000 = 16 sales (48% of total)

$500,000 - $800,000 = 10 sales (30% of total)

$800,000 - $1,200,000 = 3 sales (10% of total)

As of June 21, 2009, there are 332 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 380 pending residential listings.  Therefore, 53% of the total listings are pending under contract as of this date.  However, many of the pendings are short sales and therefore take a long time to close.  This keeps our pending percentage up artificially high. 

Twenty-nine residential real estate listings closed escrow during the past week in the south county towns of Morgan Hill, San Martin and Gilroy.  If homes continued to sell at this rate it would take 11.45 weeks to sell all south county listings.  Therefore, as of this past week, we have 3 months supply of inventory. 

Tune in next week for an update on the number of sales in South Santa Clara County!

Satake Estates is one of Summerhill Homes newest developments.  Located in Mountain View on the old Satake Nursery site (at the end of Marilyn Drive), Satake Estates is a higher end development of 30 single family homes. 

Currently, prices range from $1,537,000 to over $2,013,000 plus options.  Home sizes range from approximately 2238 square feet up to approximately 3358 square feet (s.f.).  Lots range from approximately 6000 s.f. to slightly over 11,000 s.f., with the majority of the lots in the 6k+ s.f. range.  Click here for interactive community map.

When I previewed the homes last Friday, there were many things that I liked about the development; the quality of the construction, the high ceilings, the large bedrooms (so many times new home developements have teeny-weeny bedrooms) and many of the features (I’m sure the model homes included many optional upgrades).  I liked the emphasis on “green” construction, energy efficiency and that the homes were designed to be Greenpoint rated.  I liked the wide hallways, high countertops and general open feel to the floor-plans.  Lastly, I liked the two-story designs and large garage spaces.

There was only one negative; the bathroom sinks were good looking but not functional.  The small “bowl” sinks sat on top of the counters and all I can think about is water going all over the place and what a pain to clean. 

The development is aggressivelly priced for the immediate neighborhood and even though the homes are located within the Los Altos School District (Springer Elementary, Blach Intermediate, Mountain View High), it might be hard to justify (financially) buying one of these homes and making it pencil out. 

For example, one could buy a home in Los Altos, remodel and expand and be close to the asking price of the larger homes.  However, one would have a Los Altos address and Los Altos sized lots which command higher prices and still have ability for faster appreciation. 

I try to advise my clients into rethink buying the highest priced home in any neighborhood.  Why?, one may ask!  Because the values of a lower priced neighborhood typically drive down the value of a higher priced home within that neighborhood.  This is the case with Satake Estates.  They are the highest priced homes in Mountain View and the surrounding neighborhood(s) are likely to have a downward pull on home values within the Satake Estate’s neighborhood.  The next closest neighborhood in price, schools etc. would be Gest Ranch and homes in this neighborhood have recently sold under $1,300,000.

All in all, I liked what I saw.  If one desires a “new” home with great schools, this may be the place for you.  As the Summerhill Homes marketing material states “We believe a great neighborhood starts with great schools and custom home features.”  This development certaining fits the bill.

However, I think that the Satake Estates homes may be priced above what our current real estate market may bare.   Check them out for yourself, they are located at 1156 Marilyn Drive (enter via the Springer Road side of Marilyn).  OR

If you would like me to act as your buyer’s agent (not affiliated with the seller or builder) and/or arrange a personal tour for you, please contact me directly at 650 917-4250.

Being in the business of selling houses, I couldn't help but be in awe of the architecture and craftmanship not to mention the engineering involved with the construction of these little towns dating back to, oh somewhere around 1200 AD. - Pretty amazing! These are differnt ruins and the salt fields scattered around ...

The San Carlos market has heated up over the past month - inventory down and pending sale to active listing ratio has increased from under 50% to almost 75%.

Here is this week’s data for San Carlos:

8 new listings this week in San Carlos.

6 new pending sales this week in San Carlos.

55 current active listings in San Carlos.

44 current pending sales in San Carlos.

74.5% pending ratio.

San Carlos Real Estate Update 5/31/09

San Carlos Real Estate Updat 5/24/09

San Carlos Real Estate Update 5/17/09

San Carlos Real Estate Update 5/10/09

San Carlos Real Estate Update 5/3/09

San Carlos Real Estate Update 4/19/09

San Carlos Real Estate Update 4/12/09

San Carlos Real Estate Update 4/5/09

San Carlos Real Estate Update 3/29/09

San Carlos Real Estate Update 3/22/09

San Carlos update 3/15/09

San Carlos update 3/6/09

San Carlos update 2/27/09

For real-time San Carlos market updates, click here.

Here is this week’s data:

12 new listings this week in Redwood City

18 new pending sales this week in Redwood City

137 current active listings in Redwood City.

100 current pending sales in Redwood City.

73.0% pending ratio.

Redwood City Real Estate Update 5/31/09

Redwood City Real Estate Update 5/24/09

Redwood City Real Estate Update 5/17/09

Redwood City Real Estate Update 5/10/09

Redwood City Real Estate Update 5/3/09

Redwood City Real Estate Update 4/19/09

Redwood City Real Estate Update 4/12/09

Redwood City Real Estate Update 4/5/09

Redwood City Real Estate Update 3/29/09

Redwood City Real Estate Update 3/22/09

Redwood City update 3/15/09

Redwood City update 3/6/09

Redwood City update 2/27/09

For real-time Redwood City listing updates, click here.