Silicon Valley Real Estate News

Executive Summary:

  • IPO expectations are already showing up in home sales activity, particularly in San Francisco and San Mateo
  • Sales of homes in San Francisco, San Mateo and Alameda have solidly exceeded last year – up 7 percent, 4 percent and 2 percent respectively year-over-year in April
  • Santa Clara, Wine Country and Contra Costa remain slower compared to last year
  • Homes priced between $1 million and $2 million continue to struggle, except in San Francisco and San Mateo, likely a result of tax reform changes and reduced state and local tax (SALT) and mortgage interest deductions
  • Nevertheless, sales of homes priced above $3 million have surged again, posting a 5 percent year-over-year increase, matching last year’s peaks
  • While growth in inventory of homes for sales is broad based, availability of homes priced above $3 million accelerated again to a 26 percent annual growth in April
  • While price growth remains flat in most regions, San Francisco median prices up 2 percent year-over-year in April
  • A 9 percent annual increase in homes under contract suggests buyers are back in droves, especially for homes priced over $3 million, up 44 percent year-over-year

For more information about the real estate market, contact the #PropertyNerds today!

Boyenga Team – Compass Concierge

Concierge lets you easily increase your property’s market value by fronting the cost of home improvement services like staging, painting and more. No hidden fees, no interest charged — ever.

Exclusive to Compass, our Concierge program is among a suite of services designed to prepare your home for the market. From deep-cleaning to cosmetic improvements, your Compass agent will work with you to assess every opportunity to elevate your home’s value.

Once the necessary improvements have been determined, Compass will cover all upfront costs, collecting payment for the services rendered at the time of the property’s closing. By investing in your home’s potential, we aim to provide a swifter, more profitable sale.

Services may include:
Staging
Deep-cleaning
Decluttering
Cosmetic renovations
Landscaping
Interior + exterior painting
Pest control
Custom closets
Moving + storage

FAQ:

What costs are associated with Compass Concierge?

Compass will invoice you during or post-closing for the total cost of work covered through the program, and nothing more. There is no added cost for participating or interest owed to the company.

Are there any services not covered by the program?

Currently, construction, floor installation, and other non-cosmetic services are not covered, though we anticipate accommodating this type of work at a later date. Otherwise, the program is quite flexible; we’ve developed Concierge to be used with most vendors for your convenience.

How can I find out if I qualify for the program?

Easy! Call the Boyenga Team today to discuss eligibility.

Mother’s Day Events around the Silicon Valley

PALO ALTO:

The Westin Palo Alto: Sun May 12, 2019 at 11:00 am – 675 El Camino Real, Palo Alto, United States. Mother’s Day champagne Brunch.

SAN JOSE:

Fairmont San Jose: 170 S. Market St, San Jose Brunch from 10 AM – 3 PM includes traditional brunch favorites starting from $45-97.

Santana Row Yard House: 10 a.m.-2 p.m., Celebrate mom with a menu that features bottomless house beers, bloody marys and mimosas. They will have all your brunch favorites. Prices vary. http://snip.ly/6tl1k5

MOUNTAIN VIEW:

Shoreline Lake: 3160 N. Shoreline Blvd., Mountain View. Moms can enjoy special brunch items, an assortment of specialty prepared picnic baskets, custom watercraft/picnic combos, and more.

SARATOGA:

Montalvo Arts Center: 15400 Montalvo Road, Saratoga. They will have a carving station, breakfast fare, Champagne toast and much more at the Montalvo Champagne Brunch.

The Mountain Winery: 14831 Pierce Rd., Saratoga 95070. Show mom some love at their Mother’s Day Brunch! https://www.sanjose.org/events/mothers-day-brunch-0

MORGAN HILL:

Guglielmo Winery: 1480 E. Main, Morgan Hill. Mother’s Day Concert “Midnight in Moscow” where the South Valley Symphony will play classical and popular music.

The #PropertyNerds of the Boyenga Team are your local Silicon Valley experts! Contact us today for any of your real estate needs.