Looks to me like San Jose Real Estate is a winning bet again!~
The luxury market edging up and the rest of the market should follow suit soon....
Good news for realtors and investors!
gl
Silicon Valley Luxury Home Sales Dip But Prices Edge Higher, Coldwell Banker Residential Brokerage Reports
San Jose - Luxury home sales in Silicon Valley dipped in August but the median sale price edged higher from the previous month and a year ago, according to Coldwell Banker Residential Brokerage, the South Bay’s leading provider of luxury real estate services.
A total of 207 homes sold for more than $1 million in Santa Clara County last month, essentially flat from the previous month’s 208 transactions but down from the 221 sales recorded in August 2010.
However, the median sale price of a million-dollar home in the South Bay climbed to $1,387,000, up 2.7 percent from the $1.35 million median sale price recorded in July and August of last year.
Other metrics also showed the high-end market continues to recover: There were 41 multi-million-dollar sales last month, up from 34 in July and 36 in August 2010. And sellers received 100 percent of their asking price on average, up from 98 percent a year ago and 99 percent the previous month.
The figures were derived from Multiple Listing Service data of all homes sold in Santa Clara County for more than $1 million last month.
“The luxury segment of the Silicon Valley housing market continues to strengthen, along with the high-end markets in other parts of the Bay Area,” said Rick Turley, president of Coldwell Banker Residential Brokerage. “Both sales and prices are firming up in the South Bay, San Francisco, the Peninsula and Marin County. That could be a leading indicator of how the overall market will fare in the months ahead.”
Turley noted that the high-end market often recovers first following a downturn. DataQuick, the La Jolla-based real estate research firm, reported that overall sales in the Bay Area last month rose 12.2 percent, although the median price dipped 3.9 percent.
Some key findings from this month’s Coldwell Banker Residential Brokerage luxury report:
* The most expensive sale in Santa Clara County last month was a five-bedroom, nine-bath 6,400-square foot home in Los Gatos that sold for $5.2 million;
* Los Altos boasted the most million-dollar sales last month with 43, followed by Palo Alto with 33, San Jose with 32, Saratoga with 29, and Cupertino with 17;
* Homes closing last month stayed on the market an average of 38 days, the same as the previous month and up from 36 days a year ago.
The Silicon Valley Luxury Housing Market Report is a monthly report by Coldwell Banker Residential Brokerage, a specialist in high-end real estate sales. Through its internationally renowned Coldwell Banker Previews® program, the company is recognized around the world for its expertise in the luxury housing market.
Coldwell Banker Residential Brokerage serves Santa Clara County with 21 offices from Palo Alto to Hollister. For more information, please call 925-275-3085.
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Sunday, October 02, 2011 06:10 PM
Sunday, October 09, 2011
Friday, October 07, 2011
Vintage Aircraft Carrier gets grant to San Francisco Relocation!
http://www.mercurynews.com/breaking-news/ci_18880008
Alameda: USS Hornet museum gets moving grant
By Peter Hegarty
Staff Writer
Posted: 09/12/2011 05:05:30 PM PDT
Updated: 09/12/2011 05:46:56 PM PDT
ALAMEDA -- A Texas foundation has announced that it has awarded a $100,000 matching grant to the USS Hornet aircraft carrier museum to help the vintage ship possibly relocate to San Francisco.
The Wreyford Family Foundation announced the grant Monday.
Known as the "Old Grey Ghost," the USS Hornet has been a floating museum at the former Alameda Naval Air Station since October 1998.
"Our organization is proud to be a partner with the USS Hornet museum on its relocation plans and believes that this effort will ultimately be as successful as the USS Intrepid and USS Midway are in their own communities," Deborah Wreyford, president of the Wreyford Family Foundation, said in a statement.
Hornet officials have underscored, however, that the grant is simply to help explore what it would take to actually move the aircraft carrier to a location where it could possibly attract more visitors and boost revenue.
"It's to kick off an investigation into the feasibility of moving the Hornet to someplace in San Francisco," museum trustee Bob Fish said. "Right now, we don't even know if there's a pier available."
Along with taking part in fierce action in the Pacific during World War II, the Hornet served as the prime recovery ship for the Apollo 11 and 12 lunar missions. The museum's current isolated location and the slow pace of redevelopment of the former Navy base has left museum officials struggling to attract visitors and pay bills.
By
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the end of November 2005, for instance, the Hornet was about $555,000 behind in rent to the city of Alameda.
The ongoing financial struggles prompted city officials to lower the rent on several occasion, dropping it from the original $27,000 a month when the museum opened to what is now $3,500 a month, or $1 per visitor, whatever is higher on any given month.
Museum representatives have said they would need to overcome many hurdles to move to San Francisco, including rallying political support from leaders across the bay and finding a suitable location for the aircraft carrier. It is 893 feet long and displaces 33,100 tons.
"It would take several years to accomplish something like that," Fish said.
The Hornet secured the matching grant through Ken Winans, who recently joined the museum as a board member and has connections with the Wreyford Family Foundation.
The foundation is a privately funded nonprofit that was founded in 2009 by businessman Donald M. Wreyford and his wife, Annette. It supports The W Foundation and will co-sponsor the Navy in Space exhibit during the upcoming San Francisco Fleet Week.
http://www.mercurynews.com/breaking-news/ci_18880008
Alameda: USS Hornet museum gets moving grant
By Peter Hegarty
Staff Writer
Posted: 09/12/2011 05:05:30 PM PDT
Updated: 09/12/2011 05:46:56 PM PDT
ALAMEDA -- A Texas foundation has announced that it has awarded a $100,000 matching grant to the USS Hornet aircraft carrier museum to help the vintage ship possibly relocate to San Francisco.
The Wreyford Family Foundation announced the grant Monday.
Known as the "Old Grey Ghost," the USS Hornet has been a floating museum at the former Alameda Naval Air Station since October 1998.
"Our organization is proud to be a partner with the USS Hornet museum on its relocation plans and believes that this effort will ultimately be as successful as the USS Intrepid and USS Midway are in their own communities," Deborah Wreyford, president of the Wreyford Family Foundation, said in a statement.
Hornet officials have underscored, however, that the grant is simply to help explore what it would take to actually move the aircraft carrier to a location where it could possibly attract more visitors and boost revenue.
"It's to kick off an investigation into the feasibility of moving the Hornet to someplace in San Francisco," museum trustee Bob Fish said. "Right now, we don't even know if there's a pier available."
Along with taking part in fierce action in the Pacific during World War II, the Hornet served as the prime recovery ship for the Apollo 11 and 12 lunar missions. The museum's current isolated location and the slow pace of redevelopment of the former Navy base has left museum officials struggling to attract visitors and pay bills.
By
Advertisement
the end of November 2005, for instance, the Hornet was about $555,000 behind in rent to the city of Alameda.
The ongoing financial struggles prompted city officials to lower the rent on several occasion, dropping it from the original $27,000 a month when the museum opened to what is now $3,500 a month, or $1 per visitor, whatever is higher on any given month.
Museum representatives have said they would need to overcome many hurdles to move to San Francisco, including rallying political support from leaders across the bay and finding a suitable location for the aircraft carrier. It is 893 feet long and displaces 33,100 tons.
"It would take several years to accomplish something like that," Fish said.
The Hornet secured the matching grant through Ken Winans, who recently joined the museum as a board member and has connections with the Wreyford Family Foundation.
The foundation is a privately funded nonprofit that was founded in 2009 by businessman Donald M. Wreyford and his wife, Annette. It supports The W Foundation and will co-sponsor the Navy in Space exhibit during the upcoming San Francisco Fleet Week.
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