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Archive for the ‘Luxury Estate’ Category

The luxury market – over $10 million properties continue to sell.  Two properties recently went in contract in Atherton – listed at $19.8 million and $15.3 million.  Where are the best deals for Luxury properties?  Look not far from Atherton in Woodside and Los Altos Hills.  2 days ago a property on W Fremont in Los Altos Hills [...]

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Yesterday the estate on W Fremont had a price reduction from $12,750,000 to $11,250,000.  This is a modern styled estate built by Mark Blackman in 2010.  More details at my website www.DavidBergman.com.  The home features many of the latest technology features.  located a Short distance to downtown Los Altos.

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Big is back – article in the Wall Street Journal.  We see this to some degree in the Silicon Valley, Atherton, Los Altos Hills, Woodside area – but Most new estates are 10,000 to 30,000 square feet – with the average new estate probabbly just below 15,000 square feet (total square footage). Read more at [...]

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Will the Facebook IPO have an effect on the luxury home market? It’s already been happening.  Shares of Facebook and other non-public companies have been traded in the secondary market – so we have already seen buyers trading their Facebook shares (and employee/shareholders of other private companies) and buying real estate.  After a company goes [...]

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Another sold estate in Los Gatos.  This one sold for $11.5 million.  Good sign for the luxury market.  Main House was about 13,000 square feet and has great views.

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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 [...]

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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.

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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 [...]

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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 [...]

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Hong Kong will likely have the highest density of wealthy by 2020 with 47% of the population holding more than $1 million in wealth – followed by Singapore at 37% and Switzerland with 24%.

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