Forgein homebuyers

Foreign National Home Buying Tumbles

According to a new report by the National Association of Realtors – based on a survey of its member agents – the purchase of U.S. homes by foreign nationals plunged in the 12 months through March 2019. The drop was particularly steep for Chinese nationals, for whom California has been the top destination.  Thinking this through, the recent protests in Hong Kong proceeded this study, so it will be interesting to see how this unrest impacts buying behavior one way or the other.

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San Carlos, 525 Vista Avenue - Sold for $ 2,950,000

San Carlos, 525 Vista Avenue – Sold for $ 2,950,000

We were pleased to represent the seller in the sale of this beautifully remodeled home, located at 525 Vista Avenue in San Carlos and just a short distance from its downtown.  This property is highly stylized with transitional interiors, check out the massive Restoration Hardware chandelier in the kitchen.  As soon as you enter the home, your attention is drawn though the great room to the sweeping city light views, which spans over the top of downtown and extend out to the San Carlos airport, where you can watch the small planes take off and land during twilight.  Stay tuned, we have more interesting properties coming.

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Mountain View, 2700 Pavo Lane - Sold for $ 3,105,000

Mountain View, 2700 Pavo Lane – Sold for $ 3,105,000

We were excited to have represented the seller in the sale of this gorgeous home, located within the Waverly Park neighborhood of Mountain View.  The open houses were attended in great number by visitors who simply came to take a look at what was the model home for the Enclave at Waverly Park community. Stay tuned, we have more interesting properties coming.

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Los Altos | 2012 Louise Lane

Los Altos | 2012 Louise Lane – Sold For $ 2,900,000

We were pleased to assist the sellers in the sale of this quintessential South Los Altos ranch home, which is set well back from the street. Located on a wide quiet loop, the character of this Los Altos neighborhood is established through abundant mature oak and deodar cedar trees. Enjoy the day-to-day convenience of being only a few short blocks from the Homestead Crossing Center, with its coffee houses, restaurants, banking, grocery store, service station and much more.  While essentially isolated from traffic, this home still enjoys quick access to highway 280, with a connection to highway 85.

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Los Altos, 25620 Frampton Court - Sold For $6,000,000

Los Altos Hills, 25620 Frampton Court – Sold For $6,000,000

We were excited to have represented the seller in the sale of this beautiful gated Los Altos Hills estate.  The open houses were attended in great number by visitors who simply came to take a look at the beautiful gardens, which were inspired by Butchart Gardens in British Columbia, Canada. Stay tuned, we have more interesting properties coming on the horizon.

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Compass Acquires Alain Pinel Realtors

Compass Acquires Alain Pinel Realtors

Over the past couple of weeks, we have been busy attending meetings pertaining to the Compass acquisition of Alain Pinel Realtors.  Compass is a privately held American real estate technology company that was founded in 2012, is headquartered in New York City and has a market cap of approximately $4.4B.  With the acquisition of Alain Pinel Realtors, Compass will have approximately 10,000 real estate agents under its flag nationwide.

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Los Altos French Estate

Los Altos Real Estate Broker Home Tour – $6.598M French Estate Near Downtown

Before homes are formally put on the market and open to the public, the listing agent often hosts an open house for the real estate agents to preview the property. Join Rick and Suzanne in discussing various properties, the state of the market and other interesting details.

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Santa Clara County Real Estate Market

So What’s Going on Within the Santa Clara County Real Estate Market?

The single family home real estate market within Santa Clara County remained inventory constrained throughout 2018, although, there was a moderate leveling or cooling beginning in the Spring and continuing through the balance of the year.  We have considered several metrics within this presentation, including changes in Days on Market, Months of Standing Inventory and Average Price Per Square Foot.

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Portola Valley | 16 Buck Meadow Drive

Portola Valley | 16 Buck Meadow Drive – Sold For $6.26M

This attractive Tuscan Villa is situated on apx 2.75 acres of land within the Blue Oaks subdivision of Portola Valley. Located just off Los Trancos Road and at the end of a private road, this 16 year-old estate enjoys privacy amongst a grotto of majestic oak trees and is surrounded by 285 acres of open space.

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48 Pasa Robles Avenue

Los Altos | 48 Pasa Robles Avenue – Sold For $2,650,000

We were pleased to represent a trust company in the sale of this this original condition 2 bedroom entry-level home. Frankly, we also take pause in referring to $2.65M as entry level, but within the context of North Los Altos, this is where the rubber ultimately hit the road. Through strategic re-painting, restoration of the hardwood flooring beneath 40 year-old carpet and by staging with contemporary furnishings, we believe that we were able to achieve a very high return on the $10k of capital invested during the preparation of this property.

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