But there are concerns that the market in Hong Kong is changing. Sales in September fell 14%. Read this article from the Wall Street Journal for more:
http://blogs.wsj.com/scene/2011/12/01/hong-kong-home-prices-rising-fast/
Posted in Real Estate | Tagged David Bergman, International Real estate | Leave a Comment »
The Silicon Valley real estate market will be impacted by coming IPO’s. I keep a list on my desktop of the hottest ones – with Facebook rumored as coming soon – the luxury real estate market will see increased demand for estates in Silicon Valley. Demand is strong now in select markets – and there are only so many large estates in the Bay Area. We will likely see the areas with the highest market demand sell first – and that demand will leak over to other areas. There have recently been significant sales in the Bay Area of estates – both on and off market. Here is the article that primed this blog post:
http://www.cityam.com/news-and-analysis/investors-prepare-facebook-s-ipo
Posted in Los Altos Luxury Estate, Luxury Estate, Real Estate | Tagged atherton, atherton luxury homes, Bay area Estates, Bay Area Luxury Estates, Bay Area Luxury Homes, David Bergman, Intero Real estate, Los Altos Hills, Los Altos Hills Luxury Estates, Luxury Estates, Palo Alto, Silicon Valley Luxury Real estate | Leave a Comment »
Commercial real estate capitalization rates have been found to be good indicators of expected returns in commercial properties. Recent declines in these cap rates appear to be signaling a commercial real estate rebound, indicating improved investor expectations of price growth in the market. Movements in national cap rates are the predominant drivers of changes in cap rates in local markets. Therefore, the anticipated commercial real estate rebound is likely to be widespread across many metropolitan areas. http://www.frbsf.org/publications/economics/letter/2011/el2011-29.html
Posted in Real Estate | Tagged David Bergman, Intero Real Estate Services | Leave a Comment »
27 single family homes closed escrow in the last 30 days in Los Altos, California. The median sale price was $1,695,000. The average home size was 2,397 square feet on a 12,349 square foot lot. This is information from the MLS – non MLS sales are not reflected in this data.
Posted in Los Altos Estate, Los Altos Luxury Estate | Tagged David Bergman, DownTown Los Altos, First time homebuyer, Intero Real Estate Services, Los Altos, Los Altos homes for sale, Real estate Statistics | Leave a Comment »
7 homes closed escrow in the last 30 days in Los Altos Hills, California. The median sale price was $2,575,000. The average home size was 3,369 square feet on 1.25 acres. This is information from the MLS – non MLS sales are not reflected in this data.
Posted in Los Altos Estate, Los Altos Luxury Estate | Tagged Bay area Estates, Bay Area Luxury Estates, Bay Area Luxury Homes, David Bergman, fine estates, house, Intero Real Estate Services, Los Altos Hills, Los Altos Hills Luxury Estates, Real estate Statistics, santa clara county real estate | Leave a Comment »
12 homes closed escrow in the last 30 days in Los Altos Hills, California. The median sale price was $2,600,000. The average home size was 3,688 square feet on 1.26 acres. This is information from the MLS – non MLS sales are not reflected in this data.
Posted in Los Altos Estate, Los Altos Luxury Estate | Tagged atherton luxury homes, Bay Area Luxury Estates, Bay Area Luxury Homes, David Bergman, fine estates, Intero Real estate, Los Altos, Los Altos Hills, Los Altos Hills Luxury Estates, Silicon Valley Luxury Real estate | Leave a Comment »
In the 70′s my family used to lead our horses to Adobe Animal hospital on First Street in downtown Los Altos. Today the building was demolished to make way for new housing. Here is a string of photos of the tower demolition today 6/22/11.
Posted in Real Estate | Leave a Comment »
China, Brazil and India will likely all be in the top 10 in total households with wealth over $30 million per household within the next decade.
Posted in Los Altos Estate, Luxury Estate | Tagged atherton luxury homes, Bay area Estates, Bay Area Luxury Estates, Bay Area Luxury Homes, David Bergman, Estate, fine estates, Intero Real estate, Los Altos Hills Luxury Estates, Luxury Estates, Silicon Valley Luxury Real estate | Leave a Comment »
Singapore is likely by 2020 to have the highest percentage of households with a net worth of $30 million US dollars. The percentage of households in Singapore with $30 million or more net worth is expected to be 1.82% of the total households. This percentage is well above other leading countries including Switzerland, Hong Kong and the United States.
Posted in Los Altos Luxury Estate, Luxury Estate | Tagged atherton luxury homes, Bay area Estates, Bay Area Luxury Estates, Bay Area Luxury Homes, David Bergman, Estate, fine estates, Intero Real Estate Services, Los Altos Hills Luxury Estates, Luxury, Luxury Estates, luxury homes, Silicon Valley Luxury Real estate | Leave a Comment »
Los Altos Real estate update for 5/20/11 from the multiple listing service.
Total Active single family home listings – 67
Total under contract (pending) – 38
Sold (Closed) in the last 30 days – 27. Of those sold the average square footage was 2,637 with an average lot size of 12,887 and an average sale price of $1,837,570.
The average age of those homes is 42 years old. Multiple offers are being received on some homes.
Posted in Los Altos Estate, Los Altos Luxury Estate, Luxury Estate, Real Estate | Tagged David Bergman, Home, house, Intero Real estate, Los Altos, Los Altos Downtown, Los Altos Hills Luxury Estates, Los Altos homes for sale, Silicon Valley Luxury Real estate | Leave a Comment »
