This house is listed for what?
I went on tour in Palo Alto today. Friday is Broker Tour day for Palo Alto, Los Altos, and Mountain View. Today I just went to Palo Alto. It has been a interesting year for Palo Alto, a city whose homeowners and realtors have been very slow to grasp the concept that we are not immune to the down turn in real estate. One of the problems has been that there have been very few distressed properties in Palo Alto. In 2009 there have only been 4 foreclosed single family homes, and a few short sales. Without those forces driving down Palo Alto comps sellers were left with only the voices of the buyers, and those buyers have been in no mood to buy a house that had not adjusted to the "new price points." At first, a lot of sellers just took their homes off the market if they could not get the price they wanted. They figured things would get better later. But recently homes have been coming on the market that reflect the 20% loss in value that really has come to Palo Alto. Today on tour, which admittedly was a small tour as the inventory is shrinking in Palo Alto, I did not once say to myself incredulously "This house is listed for what?"
It may be only a moment in time, but today I felt as if buyers, sellers, and realtors seem to be on the same page here.
UNIQUE SOLUTION FOR LISTING YOUR HOME
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Real estate values are down but some people still need or want to sell their home. I believe I can offer you a unique service which is both cost-effective and will add value to your home or a family member or friend's home. My services will save YOU time while enhancing the marketability of the property you wish to sell.
I am now affiliated with Intero Real Estate Services in Menlo Park. For over 14 years I've been an agent with proven expertise in preparing mid-peninsula homes for re-sale. I have developed a cost-effective, multi-faceted approach to dealing with the challenges most often faced by sellers, and am able to include all of the services I provide as a part of my commission structure. (I spend approximately one percent of the list price on cosmetic upgrades).
YOU SELECT ME AS YOUR AGENT ... THEN TRUST ME TO ACOMPLISH THE FOLLOWING:
•1. Complete clean-up of property.
•2. Cosmetic enhancements such as interior painting, floor work, light fixtures as needed, and light landscaping.
•3. Minor repairs such as strapping water heaters and repairing plumbing leaks.
•4. Complete "house staging" including supply, delivery and placement of furniture, artwork and accessories. Since I own my own staging furniture and accessories this can be done at no cost to you and still leave money for cosmetic upgrades.
Let me show you how I can turn your residence into an appealing home that will most likely sell more quickly and for a better price than if left unstaged its original condition. You will get these great cosmetic upgrades for just the price of my commission.
I would love to have the opportunity to speak with you about how my services can help you. References and pictures of my work are available upon request.
Marcy Moyer
Intero Real Estate Services
PH. #: 650-619-9285
EMAIL: marcy@marcymoyer.com
D.R.E. 01191194
•· Palo Alto Ca Single Family Home Market Update 11-03-09
•· As of today this is the snapshot of the Palo Alto single family home market:
86 Active listings
56 Pending sales
So, active listings continue to decrease. Pending sales are also down a little, but not as much as active listings have decreased. Here are the interesting numbers for this week:
Under 2 million: Active 59 Pending 45 a great ratio!
Over 2 million 27 active and 11 pending which on the face is not bad but there is more:
Over 2.6 million: 20 active listings and ZERO pending sales. This will probably change in the next week, but the pattern of the upper end of the market being slow has not changed.
2 million t 2.6 million: 7 active listings 11 pending sales This is a very healthy segment right now.
My prediction for the upper end market is still the same as last week. I think that we are going to start to see some short sales if the seller's have overleveraged their homes and need to sell. Banks are starting to streamline the short sale process and the credit hit is not nearly as severe as a foreclosure. Added to that is the fact that the debt relief is not taxed by the feds leads me to believe that we will not see a wave of foreclosures in Palo Alto, but maybe a trickle of short sales if the employment picture does not pick up or if a homeowner needs to leave the area.
•· If you are interested in finding the final selling price of any home, anywhere, you can do it on my web site. Go to www.marcymoyer.com and click on Cyberhome Home Valuation. You can then type in any address next to the search icon and get the county records.
If you need anything else please feel free to contact me. I am here to help you.
Marcy Moyer Intero Real Estate
650-619-9285
DRE 01191194
•· Palo Alto Ca Single Family Home Market Update 10-25-09
•· As of today this is the snapshot of the Palo Alto single family home market:
93 Active listings
61 Pending sales
What does this mean? Inventory has decreased again, down to a more favorable number for sellers, especially in the under 1.5 mil range, and pending sales are up. To me the big news is that between Sept. 1, 2009 and Oct 10, 2009 there were 43 single family home sales on MLS. Of these, three homes sold over $2,000,000 and 40 sold under $2,000,000. That is not good news for sellers in the over 2 million market. That segment has a long way to go before we see any real recovery. However, as of today there are 8 pending sales between $2,089,000 and $2,198,000 which is good for that segment. There are still only 4 pending sales over 2.2 and the 49 remaining pending sales are all under 2 million. My prediction for the upper end market is that we are going to start to see some short sales if the seller's have overleveraged their homes and need to sell. Banks are starting to streamline the short sale process and the credit hit is not nearly as severe as a foreclosure. Added to that is the fact that the debt relief is not taxed by the feds leads me to believe that we will not see a wave of foreclosures in Palo Alto, but maybe a trickle of short sales if the employment picture does not pick up or if a homeowner needs to leave the area.
•· If you are interested in finding the final selling price of any home, anywhere, you can do it on my web site. Go to www.marcymoyer.com and click on Cyberhome Home Valuation. You can then type in any address next to the search icon and get the county records.
If you need anything else please feel free to contact me. I am here to help you.
Marcy Moyer Intero Real Estate
650-619-9285
DRE 01191194
•· Palo Alto Ca Single Family Home Market Update 10-13-09
•· As of today this is the snapshot of the Palo Alto single family home market:
102 Active listings
55 Pending sales
What does this mean? After a big increase in inventory after Labor Day the inventory has decreased again down to a more favorable number for sellers, especially in the under 1.5 mil range. To me the big news is that between Sept. 1, 2009 and Oct 10, 2009 there were 43 single family home sales on MLS. Of these three homes sold over $2,000,000 and 40 sold under $2,000,000. That is not good news for sellers in the over 2 million market. That segment has a long way to go before we see any real recovery.
•· If you are interested in finding the final selling price of any home, anywhere, you can do it on my web site. Go to www.marcymoyer.com and click on Cyberhome Home Valuation. You can then type in any address next to the search icon and get the county records.
If you need anything else please feel free to contact me. I am here to help you.
Marcy Moyer Intero Real Estate
650-619-9285
DRE 01191194
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Serving Santa Clara and San Mateo County real estate needs for 14 years. Specialist in single family homes, condos, investment properties, land development, and residential rental properties.
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