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Archive for the ‘Real Estate’ Category

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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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/

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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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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 [...]

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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.

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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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Good morning  – it is Tuesday morning (May 17th).  There are 56 homes for sale in Los Altos Hills on the multiple listing service.  Prices range from $1.3 million to just over $20 million dollars.  There are 12 properties currently pending (under contract).  9 properties have closed escrow in the last 30 days.  Sale prices ranged [...]

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For an update on timelines and planned projects for downtown Los Altos visit the city of Los Altos website at http://www.ci.los-altos.ca.us/downtown/index.html. This site gives a map view of the public works projects in progress, planned and proposed.

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