Well it's clear to me the real estate market is hotting up. Last weekend I witnessed a lot of buyers coming out and looking at properties on the market. They are clearly realizing that the market is not changing, the prices are not dropping by the 100's of thousand they would like. And interest rates are gradually creeping up. So perhaps its fair to say hey - if you have a place for sale or thinking about it, especially in areas like Sunnyvale, Cupertino, Los Altos, Mountain View and you are in a good school district - your property is hot !
Remember rule of thumb for buying and eventually selling:
Location, Location, Location!
who can deny location and when you live in a Valley where location counts and land is locked guess what - Location is all you got and if you are in a good school district - it goes back to:
Location, Location, Location and with that the top dollar will get you home!
Thursday, January 18, 2007
Wednesday, January 10, 2007
Real Estate Buzz
I've been speaking with some other real estate agents this week and they are all reporting the same thing - the activity in the Bay Area is picking up. Inventory is down but interest has spiked. Perhaps buyers are realizing that the prices are not dropping 40 or 50% and that interest rates aren't dropping either. Looks like we are heading into a 'normal market' - what does that mean. It just means we have people buying and selling and in some areas and on some properties we will see multiple bids and on some we will just see the one offer.
So if you are thinking of selling or buying or just sitting on the fence. Hey the waters warm! Jump in.
So if you are thinking of selling or buying or just sitting on the fence. Hey the waters warm! Jump in.
Thursday, January 4, 2007
Another day in Silicon Valley real estate
Silicon Valley has to be far the strangest place at times. Though it doesn't compare to San Francisco or Sydney it is different. When I first came here I noticed that people didn't dress like in Sydney (anything goes!) and they didn't have the European cars, there was one thing that people did here that they did in Sydney.
Everyone talked about home prices. Over 10 years ago, when I first came here the prices were already sky rocketting. My gorgeous townhouse in Malvern, Victoria was worth about $100,000 US and the same type of place here was close to $200,000 US - what?? Naturally you can't compare countries to countries but you can take note that it doesn't matter where you live one conversation that everyone loves to talk about is real estate.
And it's still obvious here in the Valley. Real estate prices are on everyones discussion plate at times. People still quite don't get that in certain areas of Silicon Valley that there are still multiple offers going on. Well guess what in Cupertino, Los Altos, Sunnyvale and parts of Santa Clara that lie in Cupertino school district you are going to see the bidding war still. Because those of out there that are parents know that if there things we can give our children, food and shelter is a high priority, safety being another - Education lies close to the top of the list.
Most people in this valley have achieved what they have achieved through education and the battle is always there to compete with the next well educated person. So schools are the number one factor that determine housing costs - whether you like it or not!
Everyone talked about home prices. Over 10 years ago, when I first came here the prices were already sky rocketting. My gorgeous townhouse in Malvern, Victoria was worth about $100,000 US and the same type of place here was close to $200,000 US - what?? Naturally you can't compare countries to countries but you can take note that it doesn't matter where you live one conversation that everyone loves to talk about is real estate.
And it's still obvious here in the Valley. Real estate prices are on everyones discussion plate at times. People still quite don't get that in certain areas of Silicon Valley that there are still multiple offers going on. Well guess what in Cupertino, Los Altos, Sunnyvale and parts of Santa Clara that lie in Cupertino school district you are going to see the bidding war still. Because those of out there that are parents know that if there things we can give our children, food and shelter is a high priority, safety being another - Education lies close to the top of the list.
Most people in this valley have achieved what they have achieved through education and the battle is always there to compete with the next well educated person. So schools are the number one factor that determine housing costs - whether you like it or not!
Tuesday, January 2, 2007
Australian Real Estate Blog
I came across a great blog for Australians at home about real estate.
http://www.australianrealestateblog.com.au/blogger/realestate_blog.asp
Definately worth a visit if you are considering going home to Australia or need to understand the Australian market a bit better.
The one thing for sure about Blogs is that it is not as intimdating than a Real Estate website where you can be overwhelmed with what is going on - plus at a blog ideally you can ask questions of a realtor and hopefully they are kind hearted people and will respond caringly to your question!
http://www.australianrealestateblog.com.au/blogger/realestate_blog.asp
Definately worth a visit if you are considering going home to Australia or need to understand the Australian market a bit better.
The one thing for sure about Blogs is that it is not as intimdating than a Real Estate website where you can be overwhelmed with what is going on - plus at a blog ideally you can ask questions of a realtor and hopefully they are kind hearted people and will respond caringly to your question!
Subscribe to:
Posts (Atom)
