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Winter 2014

LUXETRENDS

BAY AREA MARKET SUMMARY

THE UNIQUE EAST BAY


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LUXETRENDS Handcrafted wood and metal dinnerware is all

the rage, so we've rounded up a few our favorites.

05 BAY AREA MARKET SUMMARY A detailed look at 2013 and the year ahead.

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FEATURED COMMUNITY The East Bay offers an impressive array

of restaurants, cafes, antique shops, boutiques and historic downtowns.

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EL SUEÑO Live “The Dream” in this masterfully designed

Spanish hacienda in the heart of Orinda Country Club.

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EAST BAY Some of the best cultural attractions the

Bay Area has to offer.


TABLE OF

CONTENTS 29 MONTEREY BAY

Located on the breathtaking

Pacific Coast with iconic California attractions.

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LAKE TAHOE The destination to escape the hustle and bustle of the city.

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PENINSULA Coastal towns, rural mountain communities and vibrant downtowns.

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MARIN Natural beauty and outdoor recreation, all within close proximity of the city and wine country.

39 WINE COUNTRY

One of the premium

wine-growing regions in the world.

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SAN FRANCISCO Both a popular destination and a great place to call home.

43 SILICON VALLEY The leading hub for high-tech innovation and development.


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Spencer Peterman dolcetableware.com Dishwasher safe with a truly timeless design, providing the best of form and function. Reminiscent of old Italy, this olive wood flatware will ensure each member of your table has an unforgettable dining experience.

Nambé nambe.com Natural and man-made influences that offer a memorable twist to the traditional salt and pepper shaker. Whether you set them on a stainless steel countertop or wooden table, the Monroe Salt Shaker & Pepper Grinder's diverse design allows them to fit in anywhere.


EXQUISITE LIVING WINTER 2014

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SETTING A LUXURIOUS STANDARD FOR YOUR TABLETOP Food, friends and family all contribute to the warm atmosphere where cherished memories are made. But another integral part of setting the mood at these gatherings — and the perfect way to give it your personal touch — is getting creative with the tableware. Handcrafted wood and metal dinnerware is all the rage, so we've rounded up a few our favorite rustic-modern items to make your dinner table stand out at all the family gatherings.

Brenna Concho Charger ralphlauren.com Crafted by skilled artisans in Thailand and inspired by traditional Native American designs, With a simultaneously modern and medieval feel, we doubt you'll come across anything like it at other dinner parties.

Mary Jurek Design, Inc. maryjurekdesigninc.com Described by the designer as "old world meets modern day,” Mary Jurek's inimitable style is anything but ordinary.


Bay Area Overall, 2013 was a banner year in the Bay Area real estate market — especially in the luxury and higher end markets our region is known for. While we have known the real estate market has been rebounding, this past year we saw that recovery dramatically accelerate. While the numbers showed limited inventory and historically low interest rates, the headlines told stories of multiple offers and bidding wars. With an influx of cash from booming tech companies and international buyers, sales and prices reached or exceeded pre-recession peaks in many of our communities. In some areas, year-over-year numbers show double-digit increases. For Alain Pinel Realtors, this meant a record breaking year in which we closed $10.5 billion, a 19% increase over our 2012 sales. For a more detailed look at 2013 and the year ahead, check out our summaries on specific regions on the following pages:


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EAST BAY: Limited inventory of homes for sale continued to keep a lid on the number of sales while driving sales prices upward and time on the market downward. Unlike buying frenzies of the past, overpriced and/or poorly prepared properties didn’t attract buyers, while properties that were priced well received a lot of attention, resulting in many multiple-offer situations. We anticipate a more moderate increase in home prices as inventory begins to increase and the anticipated increase in interest rates somewhat dampen demand compared to 2013 levels.

MARIN: 2013 was the best of times, and it was the worst of times. We struggled with a low inventory of houses all year, yet the number of homes sold was very good. In terms of homes sold, 2013 was significantly ahead of 2012 (California’s first year of recovery after the recession), and in May, July and December, even outperformed pre-recession numbers. All-in-all, this is a very strong indication that the recovery is alive and well.


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MONTEREY BAY: The Monterey Bay is probably one of the most diverse areas of California, with prices ranging from $80,000 to $80,000,000. While total number of sales remained relatively level, we’ve seen an increase in median home price. In Santa Cruz County, we have seen a new energy in sales of $1 million or more. In Monterey County, we are experiencing more sales and fewer listings, which means that prices will go up even more. The overall market is now on solid footing and we project that 2014 should show continued growth.

PENINSULA: The entire region is experiencing one of the shortest inventory selections in years. Multiple offers still abound, yet in most cases, fewer than earlier last year. Agents are finding themselves reaching out to their co-workers for upcoming offerings and priming their clients to react as quickly as possible when the right property comes on the market. The coastal area had a phenomenal increase in activity in 2013 and offers tremendous value in 2014 compared to many Peninsula areas. Although multiple offers are somewhat common in that market as well, they are not experiencing the frenzy that many Peninsula communities are.

SAN FRANCISCO: The market continues to be a seller’s market with price appreciation continuing to rise in 2014. In most San Francisco neighborhoods, there is a shortage of available homes; however, record-low rates continue to drive buyers into the City. In addition, cash offers are plentiful, fueled by Silicon Valley and Pacific Rim buyers. New condominium developments will provide much needed product in 2014 on the Van Ness Corridor and Market Street. Multi-family and apartment buildings will continue to be sought after by value investors, motivated by record high rents paid by newcomers.


SILICON VALLEY: Because of the shortage of inventory and an excess of buyers, many transactions experienced multiple offers, with most properties selling over the listed price. Although the total number of sales was off slightly from 2012 (-5%), there was a dramatic increase in the median sale price (+23%). It is expected this robust marketplace to continue into 2014, especially during the first six months. Elements that will influence the rate of appreciation and level of activity in 2014 are: interest rates (it is anticipated they will rise), scarcity of inventory, and overall economic health.

WINE COUNTRY: While generally speaking the number of sales in the region was slightly fewer in 2013 than 2012, the average sales prices were significantly higher. 2014 is starting very strong as dryer conditions and warmer weather have resulted in many consumers flocking to the region. The hills may be brown instead of their lush winter green, but it's great for wine country real estate, which traditionally doesn't take off until the second quarter.

Overall, as we look towards 2014 in the Bay Area, we expect a healthier, balanced market. Lured by increasing prices, and new-found equity in their homes, we expect more sellers to enter the market, slowly increasing inventory. Some wild cards for buyers include interest rates, interest deductions and mortgage reform, and the actions of the Federal Reserve, which all can impact housing affordability. However, we expect sustained demand for home ownership and continued, but slower, growth in sales and home prices — leaving plenty of opportunity for buyers and



sellers in 2014.


EXQUISITE LIVING WINTER 2014

With San Francisco just a short BART ride away, and Sonoma and Napa wine country close by, the region truly enjoys a location at the heart of it all.

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S

c h E sp


EXQUISITE LIVING WINTER 2014

O M E O F T H E B E S T C U LT U R A L

ultural attractions the Bay Area as to offer can be found in the East Bay — great food, music, porting events, and wineries.

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EXQUISITE LIVING WINTER 2014

The Oakland Museum of California, the Lawrence Hall of Science, and the Chabot Space and Science Center all call the East Bay home.


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EXQUISITE LIVING WINTER 2014

The communities that make up the East Bay boast some of the most charming downtowns in the Bay Area. You can stroll the impressive array of restaurants, cafes, antique shops, and boutiques in historic downtown Pleasanton, or enjoy luxury shopping in Walnut Creek. Visitors and residents of the East Bay can enjoy many of the restaurants central to the creation of California Cuisine, including Alice Waters’ iconic Chez Panisse in Berkeley.


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EXQUISITE LIVING WINTER 2014

ORINDA,


,

CALIFORNIA


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EXQUISITE LIVING WINTER 2014


E X T R AO R D I N A RY P I E C E O F O R I N DA

history located in the heart of the coveted Orinda Country Club.


MASTERFULLY DESIGNED

to replicate a Spanish Hacienda, this Old World estate includes a main house, two apartment villas, and a carriage house.

MAGNIFICENT GARDENS

feature mature plantings, a greenhouse, a secluded hot tub, and pleasant terraces for outdoor entertaining.


EXQUISITE LIVING WINTER 2014

SITUATED ON 1+ ACRE

fronting the ninth and sixth fairways of the golf course with extensive views of the hills, this private, serene setting is truly incomparable.

THE POOL AND SPA are

situated below the main house and enhance the impressive golf course views.

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THE WATER GARDEN incorporates three ponds, three fountains, and flo


owing streams that provide the sound of tranquil water all year round.


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• 9+ Bedrooms • Office • 9.5 Bathrooms • 10,858+/-sf • 1.02+/-acre • Pool and spa • 3 ponds, 3 fountains • Flowing streams • Fronting the 9th and 6th fairways of the Orinda Country Club Golf Course.

OFFERED AT

$5,500,000


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EXQUISITE LIVING WINTER 2014

25 Richelle Court

LAFAYETTE

• 3bd/2ba • 2,284+/-sf APR EXCLUSIVE View Property Details

Offered at $1,399,000 LORI LEGLER 925.438.2016

5239 Blackhawk Drive

DANVILLE

• 4bd/3.5ba • 4,800+/-sf MLS# 40638348 View Property Details

Offered at $2,195,000 FONIA HUMPHRIES 925.314.1111


THE EAST BAY BOASTS SOME OF THE BEST CULTURAL ATTRACTIONS THE BAY AREA HAS TO OFFER — GREAT FOOD, MUSIC, SPORTING EVENTS, AND MUSEUMS.

apr.com / ALAMEDA

CONTRA COSTA


LOCATED ON THE BREATHTAKING PACIFIC COAST, THE MONTEREY BAY AREA BOASTS ICONIC CALIFORNIA ATTRACTIONS.

apr.com / MONTEREY

SANTA CRUZ


EXQUISITE LIVING WINTER 2014

3255 Macomber

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PEBBLE BEACH

5bd/6+ba • 7,200+/-sf • MLS# 81328185 View Property Details

Offered at $7,900,000 JAMAL NOORZOY 831.622.9903

26355 Ocean View Avenue 3bd/2.5ba • 2,250+/-sf • MLS# 81338909 View Property Details

Offered at $4,495,000 CARLA WHITE 831.620.6177

CARMEL


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EXQUISITE LIVING WINTER 2014

5344 North Lake Boulevard

CARNELIAN BAY

• 6bd/7+ba • 7,844+/-sf MLS# 20132744 View Property Details

Offered at $9,500,000 LINDA GRANGER 530.581.6927

7800 River Road

TAHOE CITY

• 4bd/3.5ba • 1,248+/-sf MLS# 20140071 View Property Details

Offered at $1,500,000 LINDA GRANGER 530.581.6927


NESTLED IN THE PICTURESQUE SIERRA NEVADA MOUNTAINS, BEAUTIFUL LAKE TAHOE IS THE DESTINATION TO ESCAPE THE HUSTLE AND BUSTLE OF THE CITY.

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THE PENINSULA HAS A LITTLE BIT OF EVERYTHING — FROM COASTAL TOWNS AND RURAL MOUNTAIN COMMUNITIES, TO VIBRANT DOWNTOWNS AND SOME OF THE COUNTRY’S MOST AFFLUENT NEIGHBORHOODS.


EXQUISITE LIVING WINTER 2014

apr.com /

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peninsula 10695 Eloise Circle

LOS ALTOS HILLS

• 4bd/4+ba • 5,335+/-sf APR EXCLUSIVE View Property Details

Offered at $5,475,000 MONA SANDER 650.209.1570

291 Polhemus Avenue

ATHERTON • 7bd/8+ba • 11,430+/-sf MLS# 81335140 View Property Details

Offered at $10,499,000 SHARY & SCOTT SYMON 650.543.1125


EXQUISITE LIVING WINTER 2014

60 Monte Vista Avenue

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ATHERTON

5bd/6+ba • 12,765+/-sf • MLS# 81310257 View Property Details

Offered at $16,950,000 MARY & BRENT GULLIXSON 650.888.0860

1513 Sanchez Avenue 5bd/4.5ba • 3,283+/-sf • MLS# 81400737 View Property Details

Offered at $2,399,000 JULIE BAUMANN 650.375.1111

BURLINGAME


LOCATED JUST ACROSS THE GOLDEN GATE BRIDGE FROM SAN FRANCISCO, MARIN COUNTY HAS IT ALL — NATURAL BEAUTY AND OUTDOOR RECREATION, ALL WITHIN CLOSE PROXIMITY OF THE CITY AND WINE COUNTRY.

apr.com /


EXQUISITE LIVING WINTER 2014

364 Laverne Avenue

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MILL VALLEY

5bd/4ba • 3,288+/-sf • MLS# 21323492 View Property Details

Offered at $2,995,000 BETH BRODY 415.384.1112

53 Laurel Street 3bd/3ba • 3,200+/-sf • MLS# 21315198 View Property Details

Offered at $1,550,000 RICK TRONO 415.384.1111

INVERNESS


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EXQUISITE LIVING WINTER 2014

8080 Foothill Ranch

SANTA ROSA

• 3bd/2.5ba • 2,509+/-sf MLS# 21314022 View Property Details

Offered at $1,325,000 SUSAN WHITE 707.537.1236

Address Upon Request

ST. HELENA • 3bd/2ba • 2,126+/-sf MLS# 21323549 View Property Details

Offered at $4,200,000 MARK STORNETTA 707.815.8749


ONE OF THE PREMIUM WINE-GROWING REGIONS IN THE WORLD, THE WINE COUNTRY OF THE SAN FRANCISCO BAY AREA IS NOT ONLY A PREMIER TRAVEL DESTINATION, BUT A GREAT PLACE TO CALL HOME.

apr.com / NAPA

SONOMA


WITH ITS RENOWNED LANDMARKS AND DIVERSE NEIGHBORHOODS, SAN FRANCISCO IS BOTH A POPULAR DESTINATION AND A GREAT PLACE TO CALL HOME.

apr.com /


EXQUISITE LIVING WINTER 2014

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710 Cole Street

SAN FRANCISCO

2800 Pacific Avenue

SAN FRANCISCO

4bd/3.5ba • 2,854+/-sf • MLS# 416259 View Property Details

Offered at $2,699,000 L. FULFORD/D. MARSHALL 415.923.9700

6bd/5ba • 8,120+/-sf • MLS# 398164 View Property Details

Offered at $8,900,000 PATRICIA LAWTON 415.923.9700


BIRTHPLACE OF THE IPHONE AND IPAD, THE SILICON VALLEY IS THE LEADING HUB FOR HIGH-TECH INNOVATION AND DEVELOPMENT.


EXQUISITE LIVING WINTER 2014

apr.com /

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silicon valley 421 Los Gatos Boulevard

LOS GATOS

• 6bd/6ba • 5,000+/-sf MLS# 81334380 View Property Details

Offered at $4,498,000 T. YORE/D. KNIGHT 408.357.8702

19370 Saratoga-Los Gatos Road

SARATOGA

• 6bd/5+ba • 7,427+/-sf MLS# 81318585 View Property Details

Offered at $9,500,000 HOWMILLER & ARDIZZONE S. GORDON 408.891.8149


EXQUISITE LIVING WINTER 2014

80 Reservoir Road

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LOS GATOS

5bd/4.5ba • 5,584+/-sf • MLS# 81400394 View Property Details

Offered at $4,490,000 CHUCK NUNNALLY 408.357.8700

664 Quince Lane 4bd/6.5ba • 6,554+/-sf • MLS# 81335959 View Property Details

Offered at $2,595,000 ELENA JOHAL 408.754.1629

MILPITAS


32 offices throughout the Bay Area and beyond. apr.com


Exquisite Living Winter 2014