Servicing Palo Alto & the MidPeninsula... DRE#01434566 » Real Estate http://blog.dianasumner.com Diana Sumner Realtor Mon, 26 Apr 2010 03:09:16 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Palo Alto Market is Hot http://blog.dianasumner.com/2010/04/palo-alto-market-is-hot/ http://blog.dianasumner.com/2010/04/palo-alto-market-is-hot/#comments Thu, 22 Apr 2010 02:43:45 +0000 dsumner http://blog.dianasumner.com/2010/04/palo-alto-market-is-hot/ The PA market is hot right now, especially in the $1m- $1.4m range. We are seeing multiple offers (sometimes 5, 10 or more) on homes that are priced appropriately and are in move-in condition.  Some buyers are even coming in with NO contingencies and as-is offers, like we saw a few years ago. Of course, these are the buyers with all cash or big downpayments.  Does coming in with no contingencies (or all cash) help your offer? Not always. Ultimately, selers are looking for the highest price. But, if two buyers come in with the same number, the all cash or non contingent offer will win.

]]> http://blog.dianasumner.com/2010/04/palo-alto-market-is-hot/feed/ 0 Mercury News: The Bidding War is Back http://blog.dianasumner.com/2009/08/mercury-news-the-bidding-war-is-back/ http://blog.dianasumner.com/2009/08/mercury-news-the-bidding-war-is-back/#comments Thu, 13 Aug 2009 22:32:30 +0000 dsumner http://blog.dianasumner.com/?p=174 Here’s are some sample numbers taken from the Merc’s article published on Monday, August 10th:

Willowbrook Drive, San Jose, List: $335,610, 74 Offers, Sold for $484,500

 

Sark Way, San Jose, List $299,000, 112 Offers, Sold for $360,000

 

Panama Avenue, San Jose, List $185,000, 50 Offers, Sold for $206,560

Of course, these numbers aren’t typical, but they demonstrate that entry level buyers/investors are taking advantage of the low prices, low interest rates and 1st time home buyer credit.  

 

]]> http://blog.dianasumner.com/2009/08/mercury-news-the-bidding-war-is-back/feed/ 0 Palo Altos SFR Home Sales May-August, 2008 http://blog.dianasumner.com/2008/12/palo-altos-sfr-home-sales-may-august-2008/ http://blog.dianasumner.com/2008/12/palo-altos-sfr-home-sales-may-august-2008/#comments Thu, 04 Dec 2008 23:04:38 +0000 dsumner http://blog.dianasumner.com/?p=160 Street Address Sale Price Sale Date BR BA SF Lot 782 ESPLANADA WAY $1,388,000 5/1/2008 2 2 1840 13770  SF 3132 FLOWERS LN $1,800,000 5/2/2008 5 2.5 2071 6166  SF 164 HAWTHORNE AVE $1,300,000 5/3/2008 4 3 1742 2775  SF 780 SEALE AVE $4,150,000 5/3/2008 6+ 4+ 4689 9380  SF 371 LOMA VERDE AVE $1,125,000 5/5/2008 2 1 1086 6060  SF 4125 AMARANTA AVE $1,295,000 5/5/2008 3 2 1884 5959  SF 668 COLERIDGE AVE $1,395,000 5/5/2008 2 1.5 1498 9000  SF 265 HOMER AVE $1,700,000 5/7/2008 2 2 1824 3484  SF 2715 RAMONA ST $1,800,000 5/9/2008 3 2.5 1939 8040  SF 1780 NEWELL RD $1,486,000 5/9/2008 4 2 1326 6930  SF 323 MACLANE ST $1,285,000 5/9/2008 4 2 1425 5950  SF 543 SAINT CLAIRE DR $1,478,750 5/10/2008 4 2 1761 7000  SF 116 COLERIDGE AVE $1,630,000 5/12/2008 2 1 1191 7500  SF 2707 GREER RD $1,385,000 5/14/2008 4 3 1719 7011  SF 365 N CALIFORNIA AVE $2,400,000 5/14/2008 4 2.5 2320 6350  SF 1835 MIDDLEFIELD RD $1,950,000 5/14/2008 4 4+ 2811 7000  SF 2642 RAMONA ST $1,949,000 5/15/2008 4 3.5 2771 8040  SF 4190 MACKAY DR $1,430,000 5/15/2008 3 2 1324 7245  SF 689 JOSINA AVE $1,425,000 5/15/2008 3 1 1361 9514  SF 705 BARRON AVE $1,475,000 5/15/2008 4 2 1590 6050  SF 3128 DAVID AVE $1,515,000 5/16/2008 4 3 1659 8742  SF 342 HAWTHORNE AVE $2,250,000 5/16/2008 3 2 2130 5662  SF 855 CHIMALUS DR $2,025,000 5/17/2008 5 3 3100 12430  SF 130 RINCONADA AVE $1,860,000 5/17/2008 3 3 1823 4203  SF 1300 DANA AVE $4,150,000 5/19/2008 4 4+ 3696 9540  SF 3395 SOUTH CT $2,260,000 5/20/2008 4 3.5 2435 6250  SF 3935 GROVE AVE $1,500,000 5/21/2008 4 2 1790 8088  SF 119 CHURCHILL AVE $1,375,000 5/21/2008 3 2 1748 7500  SF 1037 GREENWOOD AVE $3,200,000 5/21/2008 5 2.5 3269 7750  SF 226 CREEKSIDE DR $1,482,000 5/22/2008 3 2 1377 6600  SF 653 ARASTRADERO RD $1,281,000 5/22/2008 3 2 1375 10260  SF 797 PAUL AVE $2,050,000 5/22/2008 4 3 2285 8294  SF 330 EMBARCADERO RD $1,600,000 5/22/2008 3 2.5 1538 7344  SF 718 ELLSWORTH PL $895,000 5/22/2008 2 2 1112 3800  SF 137 MONROE DR $1,205,000 5/23/2008 3 2 1048 9200  SF 2440 COWPER ST $1,360,000 5/23/2008 3 2 1350 6950  SF 520 ALGER DR $2,065,000 5/27/2008 4 3.5 2549 6000  SF 3772 REDWOOD CIR $1,195,000 5/27/2008 3 2 1224 6262  SF 751 HOLLY OAK DR $1,611,000 5/28/2008 4 2 2006 7035  SF 3730 ORTEGA CT $2,000,000 5/29/2008 4 2.5 2736 6969  SF 731 DE SOTO DR $1,750,000 5/29/2008 4 2.5 2560 6935  SF 765 CEREZA DR $1,450,000 5/30/2008 2 1 1111 8325  SF 830 LYTTON AVE $1,650,000 5/30/2008 2 1 1445 5663  SF 3201 GREER RD $1,150,000 5/30/2008 3 1 1004 6000  SF 1414 HARKER AVE $1,445,000 5/30/2008 4 3 2558 6480  SF 220 EMERSON ST $2,795,000 5/30/2008 4 3 2427 5600  SF 1755 UNIVERSITY AVE $2,095,000 5/31/2008 4 3 2579 16500  SF 3340 KENNETH DR $1,200,000 5/31/2008 3 2 1400 7000  SF 55 HAMILTON CT $2,695,000 6/2/2008 4 3 2986 7300  SF 707 DE SOTO DR $1,708,000 6/2/2008 4 3 1891 6490  SF 890 N CALIFORNIA AVE $1,851,000 6/3/2008 5 2.5 3159 7809  SF 4105 WISTERIA LN $1,111,000 6/3/2008 3 2.5 1758 1742  SF 1925 BRYANT ST $2,716,000 6/4/2008 4 2.5 2354 7564  SF 4110 WISTERIA LN $1,165,000 6/4/2008 3 2.5 1758 1742  SF 726 MARION AVE $1,690,000 6/4/2008 4 3 1956 6797  SF 3465 COWPER ST $1,810,000 6/4/2008 4 3 2229 5992  SF 3030 SOUTH CT $1,485,000 6/4/2008 3 2 1512 6432  SF 851 COLLEGE AVE $910,000 6/4/2008 2 1 628 4313  SF 3116 STELLING DR $1,800,000 6/5/2008 6+ 3 2502 9450  SF 2671 MARSHALL DR $2,200,000 6/5/2008 3 2 2122 13893  SF 1020 CHANNING AVE $2,725,000 6/6/2008 4 3 3501 7650  SF 508 RHODES DR $1,595,000 6/6/2008 3 2 1634 8280  SF 195 SANTA RITA AVE $1,910,000 6/6/2008 4 2 2200 5000  SF 1410 PARKINSON AVE $2,300,000 6/6/2008 4 2.5 2256 4792  SF 938 MADDUX DR $1,395,000 6/9/2008 4 2.5 1858 7888  SF 482 DYMOND CT $890,000 6/10/2008 3 2 1185 4355  SF 1060 PALO ALTO AVE $6,700,000 6/10/2008 5 4+ 5984 24394  SF 1143 WEBSTER ST $1,700,000 6/11/2008 3 2 1675 4144  SF 4315 MIRANDA AVE $1,700,000 6/11/2008 5 3 2090 11761  SF 3441 MURDOCH DR $1,250,000 6/12/2008 3 2 1420 6234  SF 2518 MIDDLEFIELD RD $880,000 6/12/2008 2 1.5 1270 6535  SF 907 CLARA DR $1,875,000 6/12/2008 5 3 2200 6670  SF 623 MIDDLEFIELD RD $1,025,000 6/13/2008 2 1 896 5600  SF 341 CAROLINA LN $1,275,000 6/14/2008 3 2 1248 6042  SF 350 W CHARLESTON RD $882,000 6/14/2008 3 1 1374 5830  SF 650 SANTA RITA AVE $2,551,000 6/15/2008 3 3.5 2535 7850  SF 770 GAILEN CT $1,280,000 6/16/2008 3 2 1156 7395  SF 664 EVERETT AVE $1,692,000 6/17/2008 3 3 1849 4791  SF 319 EVERETT AVE $1,595,000 6/18/2008 4 2.5 1612 3740  SF 2960 WAVERLEY ST $2,025,000 6/18/2008 5 3 2378 8040  SF 1875 WEBSTER ST $3,440,000 6/19/2008 4 2.5 2564 9375  SF 2296 SAINT FRANCIS DR $1,010,000 6/19/2008 2 1 987 8200  SF 3456 BRYANT ST $1,700,000 6/19/2008 4 3.5 2332 6125  SF 2365 RAMONA ST $1,975,000 6/20/2008 4 2 1893 5600  SF 135 SEALE AVE $2,690,000 6/20/2008 5 4+ 3773 10000  SF 1326 FOREST AVE $4,200,000 6/20/2008 4 2.5 4083 10980  SF 1040 MCGREGOR WAY $2,283,187 6/24/2008 4 3 2588 7985  SF 450 EL DORADO AVE $1,750,000 6/26/2008 4 3 1600 9545  SF 2334 SANTA ANA ST $1,290,000 6/26/2008 3 1 1174 6325  SF 2381 MIDDLEFIELD RD $2,350,000 6/26/2008 5 4+ 3301 9350  SF 812 SYCAMORE DR $1,891,000 6/27/2008 4 3 2296 6002  SF 2995 WAVERLEY ST $1,360,000 6/27/2008 1 1 861 11610  SF 2000 BRYANT ST $2,550,000 6/27/2008 3 2 1871 7500  SF 3209 WAVERLEY ST $1,265,000 6/29/2008 2 1 1154 6700  SF 732 AMES AVE $1,568,000 6/30/2008 3 2 1852 7006  SF 1524 DANA AVE $1,849,000 6/30/2008 3 2 1790 8400  SF 355 CHANNING AVE $1,950,000 7/2/2008 3 3.5 2427 4356  SF 4269 PARK BL $850,000 7/7/2008 3 1 1100 6098  SF 1960 EDGEWOOD DR $1,300,000 7/8/2008 4 2 1610 7035  SF 4158 AMARANTA AVE $2,110,000 7/8/2008 4 3 2300 6600  SF 960 COLLEGE AVE $892,000 7/14/2008 2 2 772 2875  SF 669 GEORGIA AVE $1,850,000 7/14/2008 4 3 0 7800  SF 23 TULIP LN $1,380,000 7/16/2008 3 2 1342 6050  SF 878 FIELDING DR $2,460,000 7/16/2008 5 4+ 2780 8041  SF 274 TENNESSEE LN $1,020,000 7/17/2008 3 1 1069 6215  SF 4165 OLD ADOBE RD $2,673,000 7/17/2008 5 4+ 3300 1  AC 3875 EL CENTRO ST $1,602,000 7/18/2008 4 3 2608 6500  SF 360 OXFORD AVE $1,380,000 7/18/2008 2 1 776 7500  SF 2335 WAVERLEY ST $3,695,000 7/18/2008 4 2.5 2750 9360  SF 3101 MADDUX DR $1,158,888 7/19/2008 3 2.5 1927 5994  SF 521 DRISCOLL PL $915,000 7/21/2008 3 2.5 1559 2178  SF 3880 DUNCAN PL $1,428,000 7/22/2008 3 2 1517 7000  SF 3263 MURRAY WAY $1,750,000 7/23/2008 4 2.5 2486 7442  SF 314 STANFORD AVE $1,455,000 7/23/2008 3 1 1200 7500  SF 210 IRIS WAY $1,250,000 7/24/2008 3 1 1114 5662  SF 645 BARRON AVE $2,050,000 7/24/2008 4 3 2392 5227  SF 678 LOS ROBLES AVE $675,000 7/24/2008 1 1 780 2964  SF 1122 GREENWOOD AVE $3,900,000 7/25/2008 5 4+ 4229 7750  SF 3035 WAVERLEY ST $2,355,000 7/26/2008 4 3.5 2715 10875  SF 2508 RAMONA ST $1,625,000 7/26/2008 4 2 1750 8470  SF 2295 HANOVER ST $1,360,000 7/29/2008 3 2 1310 6250  SF 576 CONSTANZO ST $1,350,000 7/31/2008 3 2 1641 12600  SF 750 MAPLEWOOD AVE $1,060,000 7/31/2008 3 2 1144 6000  SF 812 COLORADO AVE $2,095,000 7/31/2008 4 3 2640 6360  SF 3206 WAVERLEY ST $2,120,000 7/31/2008 5 3 2640 6250  SF 810 BRUCE DR $2,100,000 8/4/2008 4 3 2569 7381  SF 443 FERNE AVE $1,795,000 8/5/2008 4 2 1884 7519  SF 3138 FLOWERS LN $1,515,000 8/6/2008 4 3 2277 6208  SF 3297 MIDDLEFIELD RD $1,370,000 8/6/2008 4 2 1923 7504  SF 15 TULIP LN $1,395,000 8/7/2008 3 2 1407 6050  SF 4331 CESANO CT $1,275,000 8/10/2008 3 2 1597 6960  SF 656 BRYSON AVE $1,260,000 8/11/2008 3 2 1593 7068  SF 3061 STELLING DR $1,409,000 8/11/2008 3 2 1398 6500  SF 672 BARRON AVE $1,745,000 8/11/2008 4 3.5 2268 6397  SF 538 PATRICIA LN $1,750,000 8/12/2008 4 3 2962 6840  SF 1724 HAMILTON AVE $1,380,000 8/12/2008 4 3 1693 7111  SF 334 HAWTHORNE AVE $1,712,000 8/13/2008 3 2.5 1657 0  SF 3070 MIDDLEFIELD RD $975,000 8/15/2008 3 1 1216 7245  SF 2246 SAINT FRANCIS DR $1,150,000 8/18/2008 2 1 937 7200  SF 576 EVERETT AVE $1,350,000 8/18/2008 2 2 1260 4791  SF 833 GARLAND DR $1,525,000 8/22/2008 4 2 1780 6354  SF 4197 BAKER AVE $1,301,000 8/25/2008 3 1 905 10650  SF 3870 MAGNOLIA DR $2,187,500 8/25/2008 4 4+ 3078 8742  SF 931 LINCOLN AVE $3,025,000 8/27/2008 4 3 3261 12400  SF 813 BRUCE DR $2,690,000 8/28/2008 5 4+ 3278 10064  SF 1005 MOFFETT CIR $1,000,000 8/28/2008 3 2 1554 6000  SF 2449 WAVERLEY ST $1,550,000 8/29/2008 3 2 1504 9975  SF 2327 SIERRA CT $950,000 8/29/2008 3 1 1105 10009  SF ]]> http://blog.dianasumner.com/2008/12/palo-altos-sfr-home-sales-may-august-2008/feed/ 0 On Tour Tomorrow: 692 Bryant Ave., Mountain View http://blog.dianasumner.com/2008/10/on-tour-tomorrow-692-bryant-ave-mountain-view/ http://blog.dianasumner.com/2008/10/on-tour-tomorrow-692-bryant-ave-mountain-view/#comments Thu, 16 Oct 2008 23:05:16 +0000 dsumner http://blog.dianasumner.com/?p=108 We have reduced the price to $1,850,000. It’s a 5 bedroom, 3 bathroom home that features:

•3,277 sf of living space (per Real Quest)

•9,148 sf Lot (per Real Quest)

•Dramatic 2 story entry 

•Hardwood Floors downstairs, wall-to-wall carpeting upstairs

•3 wood-burning fireplaces w/gas starters

•Bonus loft serves as children’s retreat or 2nd family room

•Family Room w/built-in cabinetry

•Formal dining room w/French Doors leading to backyard

•Full Size bar with granite counter & Marvel wine refrigerator

•Wood-paneled subzero refrigerator/freezer

•Walk-in Pantry & Breakfast nook with window seats

•Downstairs Bed/Den w/ built-in murphy bed

•Full Bathroom downstairs

•Great master w/fireplace, high ceilings & jacuzzi bath with jets

•Hheated gazebo

•Lynx outdoor 6 Burner gas grill & 2 burner cook top

•Marvel outdoor mini refrigerator

•Black bottom pool & spa with solar & standard heating

•Stone waterfall

•Pop-up cleaning system

•Views of Black Mountain

• Indoor & outdoor built-in sound system

• Professional landscaping

• Custom built storage sheds & 2 car attached garage

It will be open Saturday and Sunday, October 18 & 19, 1:30-4:30

]]> http://blog.dianasumner.com/2008/10/on-tour-tomorrow-692-bryant-ave-mountain-view/feed/ 0 Gina Kehr competes in Ironman this Saturday! http://blog.dianasumner.com/2008/10/gina-kehr-competes-in-ironman-this-saturday/ http://blog.dianasumner.com/2008/10/gina-kehr-competes-in-ironman-this-saturday/#comments Fri, 10 Oct 2008 19:13:23 +0000 dsumner http://blog.dianasumner.com/?p=103

This Saturday, October 11, my colleague at Coldwell Banker, Gina Kehr, will be competing in the Ironman World Championship in Kona, Hawaii. Ironman is a mental and physical test encompassing a 2.4 mile rough water ocean swim, a 112 mile bike and a 26.2 mile run in the heat of the lava fields.

Gina is one of the top professional triathletes in the world. Two years ago she placed 4th OVERALL. This year her goal is to be crowned the world champion!

If you’d like to follow her progress online, visit:

They should have regular updates on the pros. Gina will wear number 116.

Go Gina!

]]> http://blog.dianasumner.com/2008/10/gina-kehr-competes-in-ironman-this-saturday/feed/ 0 Progress at Channing http://blog.dianasumner.com/2008/07/progress-at-channing/ http://blog.dianasumner.com/2008/07/progress-at-channing/#comments Tue, 15 Jul 2008 21:36:43 +0000 dsumner http://blog.dianasumner.com/?p=84 All the new plumbing, wiring and windows are in!

]]> http://blog.dianasumner.com/2008/07/progress-at-channing/feed/ 0 Channing Remodel June 18th http://blog.dianasumner.com/2008/06/channing-remodel-june-18th/ http://blog.dianasumner.com/2008/06/channing-remodel-june-18th/#comments Thu, 19 Jun 2008 19:58:14 +0000 dsumner http://blog.dianasumner.com/?p=81 Living Room 6/19/08 Channing living room ceiling on 6/18/08

]]> http://blog.dianasumner.com/2008/06/channing-remodel-june-18th/feed/ 0 Channing Remodel Phase 1 http://blog.dianasumner.com/2008/06/channing-remodel-phase-1/ http://blog.dianasumner.com/2008/06/channing-remodel-phase-1/#comments Wed, 18 Jun 2008 01:10:57 +0000 dsumner http://blog.dianasumner.com/?p=80  more to come…

]]> http://blog.dianasumner.com/2008/06/channing-remodel-phase-1/feed/ 0 Effect of Fed Rate Cut http://blog.dianasumner.com/2008/01/effect-of-fed-rate-cut/ http://blog.dianasumner.com/2008/01/effect-of-fed-rate-cut/#comments Tue, 29 Jan 2008 22:42:26 +0000 dsumner http://blog.dianasumner.com/2008/01/29/effect-of-fed-rate-cut/

The Fed has slashed its rates by a whopping .75% recently. So what exactly does that do to residential mortgage rates?

The 30‐year fixed: not much. The 30‐year fixed is not tied to short‐term treasuries. Fixed mortgage rates are tied to long‐term bond yields that move based on the outlook for the economy and inflation. True, even as the Fed has lowered rates since the summer, the 30‐year fixed has come down, but that’s because of the outlook for slower economic growth in the months ahead. While the decline in treasury yields has helped push mortgage rates lower, the decline in long term rates hasnʹt been in lockstep thanks to the fact that these mortgages are securitized and sold on the global market. Investors now demand a higher risk premium on these mortgages due to higher delinquencies and foreclosures.

5‐1 ARMs: Yes, this is good news if your 5‐year ARM is pegged to a treasury index. The one‐year treasury is a common index for many adjustable rate loans, and it has plummeted from 5 percent in July down to now about 3.25 percent. So if you’re facing a reset on, say, a $200,000 loan, you’re now getting a payment increase of about $150 a month, as opposed to $370 a month, which you would have had before the Fed started cutting rates.

Subprimers: Nope. Unfortunately if you have a subprime ARM it is more than likely pegged to LIBOR, which has moved in the opposite direction. Because of the liquidity issues in global financial markets, LIBOR rates have actually increased at the same time that treasury and other benchmark yields have been declining, so the Fed lowering rates today would not help too many subprimers.

HELOC: Yes, if you have that home equity line of credit that you used to renovate your bathroom/kitchen recently, then when the Fed lowers rates, your rate comes down as well. That’s because HELOCs are predominantly pegged to the prime rate, which moves in step with the Federal Reserve. The cumulative effect of the Fed’s interest rate cuts over this fall have taken the average home equity line of credit from 8.25 percent now down to about 7.25 percent. With an additional rate cut, that will fall lower.

]]> http://blog.dianasumner.com/2008/01/effect-of-fed-rate-cut/feed/ 0 Just Listed: Spacious, Remodeled & Downtown! http://blog.dianasumner.com/2008/01/just-listed-spacious-and-remodeled-downtown-condo/ http://blog.dianasumner.com/2008/01/just-listed-spacious-and-remodeled-downtown-condo/#comments Sat, 26 Jan 2008 01:39:10 +0000 dsumner http://blog.dianasumner.com/2008/01/25/just-listed-spacious-and-remodeled-downtown-condo/  

Extra large, this two bedroom, two bathroom Los Altos condo provides 1,349 square feet of exceptional living space. Features include a separate dining room, a warm fireplace, recessed lighting, crown molding and custom blinds. A fabulous chef’s kitchen boasts granite counters, Thomasville cabinets and gleaming hardwood floors. Sliding doors off the dining room lead to a spacious balcony featuring a new tile floor. Newly installed washer and dryer hook-ups are conveniently located inside the home. This sun drenched end unit has windows on three sides, and sits on the top floor overlooking a peaceful inner courtyard. Downtown living at its best!

Call us for more info: Diana 650-279-8321 or Owen 650-492-0062.

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