David Bergman's Real Estate Blog

Hong Kong Home Prices increase at incredible rate

David Bergman, CRS, Broker Realtor — Thu, 01 Dec 2011 16:39:48 +0000

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/

IPO’s and luxury home sales

David Bergman, CRS, Broker Realtor — Mon, 21 Nov 2011 16:57:45 +0000

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

CAP rates are improving

David Bergman, CRS, Broker Realtor — Mon, 19 Sep 2011 18:46:36 +0000

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

Los Altos Median price – last 30 days as of August 15, 2011

David Bergman, CRS, Broker Realtor — Mon, 15 Aug 2011 14:57:29 +0000

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.

Los Altos Hills Median price – last 30 days as of August 15, 2011

David Bergman, CRS, Broker Realtor — Mon, 15 Aug 2011 14:53:17 +0000

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.

Los Altos Hills Median price – last 30 days as of August 8, 2011

David Bergman, CRS, Broker Realtor — Mon, 08 Aug 2011 15:19:14 +0000

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.

Adobe Animal Hospital building on First Street is no more

David Bergman, CRS, Broker Realtor — Wed, 22 Jun 2011 15:17:02 +0000

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.

Households with $30 million or higher wealth

David Bergman, CRS, Broker Realtor — Wed, 25 May 2011 14:03:08 +0000

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.

Sinapore – wealthy in 2020

David Bergman, CRS, Broker Realtor — Mon, 23 May 2011 13:50:44 +0000

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.

Los Altos Real Estate Update 5/20/11

David Bergman, CRS, Broker Realtor — Fri, 20 May 2011 14:07:38 +0000

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.