Real Estate Market Blog: August 2015

 

Insights on the real estate market trends on the Mid-Peninsula: Portola Valley, Woodside, Atherton, Menlo Park, Palo Alto, Los Altos and Los Altos Hills.

Inman News: How stock market slump is both good and bad for real estate

August 31, 2015
Great article from Brad Inman, Staff Writer at Inman News that I wanted to share. Original article is here. Takeaways: Slumping stock market could put brakes on interest rate hikes. Real estate perceived as safe haven for investments when stocks falter. Biggest danger is when stock market woes portend deeper economic woes, which is bad for housing. Every Saturday morning at Nate ’n Al of Beverly Hills Delicatessen, a group of older guys gather to gossip and chat about their families, their friends, politics and the ...

August 2015 Real Estate Update

August 19, 2015
Ginny Kavanaugh
As we head into the end of summer with people returning from vacations and focusing on back-to-school, we start to see a seasonal shift in the real estate market. See the specifics below for Portola Valley, Woodside, Atherton, Menlo Park and Palo Alto real estate markets. In the past 4 weeks in Portola Valley, just 4 homes went into contract, 3 of which were in Ladera. It is encouraging to see 3 new listings just this past week, ranging in price from $1.7 to $6.8 million, making a total of 10 homes for sale in Portola Valley. In ...

Why now may be the time to downsize

August 11, 2015
Ginny Kavanaugh
For many people, their house may be their biggest asset. But it also can be their biggest expense. That's true whether they're planning for retirement or even if they already are in retirement. So it's no wonder that many homeowners begin to think about selling their home and moving into a smaller one as they approach their golden years. Downsizing your home doesn't have to mean downsizing your lifestyle. Homes have steadily expanded over the years with the average home now more than 2,600 square feet in the U.S. according to Census data – ...