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Posts Tagged ‘Intero Real estate’

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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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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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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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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How is the Local real estate market doing? The news is filled with contrary news to what the actual sales chart below shows.  July 2008 vs July 2010 closed sales are up 81%.  July sales were the highest number of sales Los Altos and Los Altos Hills experienced in the last 2 years at 49 homes closed [...]

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Are you wondering what construction the city of Los Altos is planning in downtown Los Altos?  A webpage is available: http://www.ci.los-altos.ca.us/downtown/index.html  It shows the downtown triangle and planned projects.  Click on the colored dots on the legend to see details about that particular project.

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