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Posts Tagged ‘Bay area Estates’

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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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.

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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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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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By 2020 43% of the world’s wealth among millionaire households will be in the US – California will likely have the highest numbers.

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China will continue to be the driving force in rate of growth of the wealthy followed by Brazil (emerging market) and Russia (emerging market).  The US and Europe will continue to be the centers of wealth in the next decade.

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The next decade is going to show a marked increase in total wealth of millionaire households- it will grow from $92 trillion this year to $202 trillion in 2020.

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