Real Estate Advice & Notes – Page 13

Redwood City Apartment Building Prices Continue to Climb

Real Estate Market Trends / By Jeff JulianaLeeTeam

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 […]

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ADU – Accessory Dwelling Unit

Real Estate Laws / By Jeff JulianaLeeTeam

New laws taking effect January 1, 2021 enable more homeowners to build ADUs and in many cases make obtaining permits much quicker and less expensive. ADUs are also called: granny flats, in-law units, backyard cottages, second dwelling units, etc. Automatic Approval: Cities/counties must permit certain categories of ADUs without applying any local development standards if

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San Jose Rent Prices Increase For First Time Since March

Real Estate Market Trends / By Jeff JulianaLeeTeam

Zumper reports median rent price increases in San Jose for the first time since March 2020. Rent prices also increased in SF for the first time since April 2020. They caution that increases are typical for this time of year so it may not indicate that effects from the pandemic are decreasing. City 1 Bed

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Natural Gas Ban – San Carlos

Appliances, Real Estate Laws / By Jeff JulianaLeeTeam

San Carlos City Council just passed an ordinance requiring all new home construction and any renovation requiring structural changes of 50%, to have all-electric utilities. The building codes will be reviewed by the California Building Standards Commission and California Energy Commission for approval. Single-family homes will be permitted to have gas cooking appliances and fireplaces,

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Are Closed Campuses Affecting Home Prices?

Uncategorized / By Jeff JulianaLeeTeam

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,

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Redwood City Apartment Building Prices Continue to Climb

ADU – Accessory Dwelling Unit

San Jose Rent Prices Increase For First Time Since March

Natural Gas Ban – San Carlos

Are Closed Campuses Affecting Home Prices?