Real estate market trends: news and what may affect the real estate market
The California government has posted graphs of home production for the Bay Area and for many counties in California. These charts dramatically show how home production has changed since 2010. First, look at the SF Bay Area housing production. The first thing that stands out is that significantly fewer homes are being built after 2010. […]
Single Family Home Construction Is Shrinking Read More »
Summerhill Homes purchased a 2.4-acre site at 2850 W. Bayshore Road in Palo Alto for $27.5 million through an affiliate. The site currently has a single-story office building. Their proposed development would have 48 three-story townhouses. The rendering of the front of the townhouses is roughly similar to the Echelon Complex built by Summerhill Homes
New Townhouses Coming – Summerhill Homes Read More »
The San Francisco Chronicle published an article on April 15 which has a good summary of the real estate trends during the pandemic. “The Bay Area deviated from state and national trends. The nine-county region’s urban ZIP codes saw home prices increase on average by just 4.7%, while its suburban ZIP codes’ home values shot
One Major Bay Area City Has Not Seen Home Values Rise During The Pandemic Read More »
On January 29, 2021 Weingarten Realty Investors submitted an updated plan for San Jose’s Cambrian Park Plaza which proposes having 30 houses to now include granny units on the ground floor. The granny unit would have its own entrance. The second and third floors would be an entirely separate single family dwelling from the granny
New Housing Developments Begin Including Granny Units Read More »
Although large real estate investor/developer purchases don’t closely match individual homeowner purchases, the prices eventually track each other. The recent purchase of a luxury apartment complex in Redwood City called the Encore set a new high record price-per-unit of $816,666. Large investors are still seeing increasing values for apartments in Silicon Valley. View Redwood City
Redwood City Apartment Building Prices Continue to Climb Read More »
