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Posts Tagged ‘David Bergman’

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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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.

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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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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.

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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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