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Selling? … Manage Your Expenses

April 11, 2021 by Jeffrey R Keller

In recent years the amount of money spent fixing up a home, by homeowners wanting to sell, has been insane.

Value Of Remodeling Project

PROJECT20202019
Add Bathroom (midrange)77.8%66.0%
Add Bathroom (upscale)65.9%65.5%
Bath Remodel (midrange)69.5%74.5%
Bath Remodel (upscale)52.9%65.5%
Minor Kitchen Remodel (midrange)100.5%90.4%
Major Kitchen Remodel (midrange)72.5%73.4%
Major Kitchen Remodel (upscale)59.6%63.3%
Deck Addition (wood)69.7%65.1%
Grand Entrance (fiberglass)50.6%80.8%
Garage Door Replacement166.1%93.2%
Window Replacement (wood)78.8%81.6%
Manufactured Stone Veneer199.4%131.4%
Roof Replacement (asphalt shingles)67.5%76.3%

As shown in the table above, a midrange bathroom remodel returned 69.5% of the cost. If you spent $10,000 remodeling your bathrooms you would have got back about $7,000, and essentially given $3,000 to your real estate agent to promote himself.

If you would like to watch the recorded webinar please see the webinar-net-more-when-selling and please use a real estate agent who wants you to receive more when selling your home.

Filed Under: selling a home Tagged With: remodeling expense

Venture Capital Is Growing In Silicon Valley

March 1, 2021 by Jeffrey R Keller

The news media has reported both tech companies and venture capital firms leaving Silicon Valley. Indeed the percentage of all US venture capital activity has declined in the Bay Area over the last decade. However end of year 2020 venture capital data (from PitchBook) shows over 2,500 VC deals completed in the Bay Area which is over that of 2019, with more data still expected.

Over the last five years, over $151 billion of fundraising has happened in the Bay Area which exceeds the rest of the US combined. Bay Area VCs have funded 17 of the 22 US companies to ever receive a private valuation of $10 billion or more. Los Angeles had 3, New York had 1, and North Carolina had 1. Over the past five years, 23.6% of completed VC deals in the US, and 40.9% of the capital invested, have gone to Bay Area-based companies.

Although real estate prices can move quickly, any changes in Silicon Valley real estate trends caused by the venture capital industry growing in other areas, are probably quite a few years away.

Filed Under: economy Tagged With: start-up, tech companies

Google Continues Silicon Valley Expansion

February 15, 2021 by Jeffrey R Keller

Google has modified its plans to include 7,000 residential units for Google’s campus in north Mountain View. Google has proposed that 20% of the homes (1,400) be “affordable” homes. That is double the number of affordable homes already in Mountain View. The plans include 3.1 million square feet of office space and 265,000 square feet of local shops. Google is continuing to expand its presence in Silicon Valley.

Google was reported on Dec 14, 2020, to have notified its employees to live within commuting distance of their assigned office. They will be expected to show up three days a week. Google has delayed working-in-person until Sept 1, 2021, for its employees.

Filed Under: economy Tagged With: Google, Mountain View

Downtown Mountain View Home Prices

January 20, 2021 by Jeffrey R Keller

At the beginning of the Covid-19 pandemic there was speculation that urban home prices would suffer. Looking at Mountain View house prices through the end of December, 2020, there is no indication that home prices in Downtown Mountain View are affected.

Downtown Mountain View House Prices

More information about the Downtown Mountain View neighborhood, including more real estate trends and downtown attractions, is available at: Downtown Mountain View.

Filed Under: neighborhoods Tagged With: downtown mountain view, downtown mountain view trends, pandemic impact on real estate

Are Closed Campuses Affecting Home Prices?

January 18, 2021 by Jeffrey R Keller

With many college campuses either closed or partially closed, there are fewer renters near the campuses. Has the decrease in rental demand tipped demand for owning homes in those locations? Stanford University is adjacent to the Palo Alto College Terrace Neighborhood. Many of the Stanford students and even visiting professors rent a place to stay, near the campus.

Palo Alto College Terrace House Prices per sq.ft
Palo Alto College Terrace House Prices per sq.ft.
<a href="<a href="https://julianalee.com/palo-alto/college-statistics.htm#houses-sq-ft-price">College Terrace House Prices per sq.ftPalo Alto College Terrace Condo Prices per sq.ft.
Palo Alto College Terrace Condo Prices per sq.ft.

The pandemic does not appear to have changed the Palo Alto real estate trends (for what could be imagined to be the most impacted areas) significantly at this time.

Filed Under: neighborhoods Tagged With: college terrace neighborhood, palo alto real estate trends, pandemic impact on real estate

2 Bedroom, Downtown Condo $8M+

January 6, 2021 by Jeffrey R Keller

In the 4th quarter of 2020, the fourth most expensive home sold in Palo Alto was a Downtown Palo Alto condo.

Condo: 2 bedroom | 2.5 bath | 3,516 sf | Homer Ave | $8M+

The penthouse condo located on top of a newer(2009) 3-story building in Palo Alto simply falls into the category of a prestigious, very rarely available, type of property in a very desirable city.

In spite of recent constant murmurs in the press about condos falling out of favor, urban areas falling out of favor, and even California having a population decline, this is a record high sale in downtown Palo Alto. In the luxury market place, motivations for the unique, often won’t track market trends.

In spite of some published opinions, downtown neighborhoods in Silicon Valley are not showing any loss of desirability, at least not yet.

Downtown Palo Alto & City of Palo Alto House Prices

See more trends at Downtown Palo Alto real estate market trends.

Filed Under: neighborhoods Tagged With: downtown palo alto, downtown palo alto real estate trends, downtown palo alto trends

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Recent Posts

  • Selling? … Manage Your Expenses
  • Venture Capital Is Growing In Silicon Valley
  • Google Continues Silicon Valley Expansion
  • Downtown Mountain View Home Prices
  • Are Closed Campuses Affecting Home Prices?

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