Diana Sumner 650.279.8321

Archive for the ‘Real Estate’ Category

Internet Real Estate Sites

Wednesday, July 11th, 2007

I have compiled a list of internet sites that I use for marketing properties. I am hoping to add to this list, so I’m curious to hear about other good sites that I may have missed.

Here’s my list:  Marketing Sites

June Palo Alto Condo Sales

Wednesday, July 11th, 2007

     Address      Bedrooms/baths   List Price   Sale Price

  • 550 Oxford Ave #2       3/2             $990,000         $990,000
  • 913 Cowper St.                2/2.5         $925,000        $1,100,000
  • 1747 Alma St.                  3/2.5         $899,000         $850,000
  • 430  Jacobs Ct.               3/2.5          $899,000        $963,000
  • 528 Everett Ave. #D      2/2            $699,000         $675,000
  • 2585  Park Blvd. #Z204  2/2.5       $699,000         $730,000
  • 777 San Antonio Rd. #112  3/2        $667,000        $720,000

Source:  REIL  7/11/07

Proof of a Strong Palo Alto Market

Monday, July 9th, 2007

Last week, there were 10 offers on an Eichler on San Antonio Rd., a street with noise and traffic!   There were four offers on a property on Sutter St. that was listed at $2,395,000.

$998,000 – 481 SAN ANTONIO RD          $2,395,000 – 825 SUTTER AV

Coming Soon!

Wednesday, June 27th, 2007

2759 Hunter Street, East Palo Alto

Great light-filled 3 bedroom, 1 bathroom single family home on a beautiful tree-lined street in East Palo Alto. Features include a wood burning fire place, double paned windows, spacious back yard and large two car garage with laundry hook-ups. Offered at $629,999. 

Weekly Market Watch

Monday, June 25th, 2007

From Rick Turley, President, San Francisco/Peninsula Coldwell Banker Residential Brokerage

Typically, the summer months see a slowing of the market as it competes with graduations and vacations. We have yet to see that typical slowdown in most areas. Though some areas are reporting lighter activity, others are seeing sale pick up. Once again, the standard patterns of real estate in the Bay Area continue to elude definition. Our reports reflect the week’s activity in each particular branch office, and it appears that “busy” sales weeks directly follow an influx of newer listing inventory in that office’s market. In the City and the Peninsula, we are not seeing increases of inventory followed by slower sales activity. In most offices, it’s quite the opposite.

A $2,795,000 listing in the Liberty Hill/Noe area of San Francisco received four offers. A San Francisco Parkside areas home received 21 offers significantly over the list price, however several other properties in the City were lucky to receive one offer. On the Peninsula, inventory is sporadically feast or famine depending on the location. Woodside/Portola Valley, Foster City, Redwood Shores and the most desirable San Mateo area neighborhoods all suffer from low inventory. Menlo Park is seeing a steady, healthy market; listings are picking up, and are selling just as quickly. The past two weeks have seen a few more $5 million+ sales on the Peninsula. Buyer confidence is strong; the Dow and the NASDAQ have made some local residents more flush which helps fuel the positive activity.

Perspective Homebuyer Burglarizing Open Houses

Friday, June 22nd, 2007

According to media reports, a man posing as a perspective homebuyer has been frequenting open houses and visiting real estate offices in Berkeley, San Francisco and other Bay Area cities, stealing purses, wallets and other valuables.

The man is usually accompanied by an older woman who claims to be his mother. They have been seen driving a late model, blue Jaguar. They show up at open houses and realty offices and claim they are interested in buying homes for cash. While the woman distracts the real estate agent, the man prowls around the home or office and steals wallets and purses, according to the report. The man is also impersonating a police officer.

The suspect is identified as Paul McClung, 30. Anyone with information on MrClung or his whereabouts is asked to call Berkeley police property crimes/fraud detail at 510-981-5737

Open House This Sunday- Downtown Location!

Thursday, June 7th, 2007

I will be at 386 Everett Avenue this Sunday from 1:30 to 4:30 (assuming I survive my 16 mile run Saturday morning). This contemporary condo, listed at $849,000, has been completely remodeled from floor to ceiling. The square footage, approximately 1098 sq. ft., does not include a huge deck that looks out to Johnson Park. Location, location, location! Live here and stumble out of bed to Lytton Coffee!

386 Everett

Interesting Inventory Statistics

Monday, June 4th, 2007

From Rick Turley, President, San Francisco/Peninsula Coldwell Banker…

“Throughout all of Santa Clara, there are 40% more properties currently available compared to the same week last year. But, looking more closely at our Palo Alto, Menlo Park, Mountain View and Los Altos markets, there are 18% fewer properties available this year over last, holding true to the fact that higher priced communities are selling much more rapidly than the vast suburbs.”

Palo Alto Home Sells for 15 Million!

Wednesday, May 30th, 2007

A Palo Alto home listed at $15,500,000 took less than a month to sell and sold for near the asking price. The stunning Queen Anne style 7 bedroom, 4.5 bath home at 1055 Forest Avenue was originally built in 1896 for Stanford University English Professor Alphonso Newcomer. The home, situated on an over 3/4 acre lot, features a reception hall, a sun room, a music room, a pool and an exercise room/dance studio. The master bedroom includes its own library wing.

This is more proof that our local market is still HOT.

Lowest Priced Condo in Palo Alto: First Open House on Saturday

Thursday, May 17th, 2007

Listed at just $449,950,  2458 W. Bayshore #10 is the best deal in Palo Alto.  It is a two bedroom, one bath, upstairs end-unit with new appliances (including a washer and dryer) and fresh paint and carpet. The monthly HOA fee is approximately $336. There is a covered parking space, extra storage and a community pool. I will be holding it open from 1:30 to 4:30 on Saturday! Come by and take a look.