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20 10
PA L O A LT O W E E K LY
20 10
2010: Getting back into the game Page 6 Same price, different house Page 13 Brand new comes at a premium Page 33 Struggling to survive in a recession Page 40
Best Deal in Portola Valley
Updated 4 bedroom, 2 bath home on approximately 1/3 acre in a lovely setting, huge family room, great views from almost every room, lots of recent upgrades. Please visit: www.45Prado.com
Price reduced to
$1,525,OOO
Properties Coming Soon: Woodside Hills — remodeled 5 BD/3.5 bath home
“Elaine, I can’t thank you enough for all that
with great bay views. All new bathrooms, large family room kitchen, office, orchard, swimming pool and lush yard
you did in getting our house sold. In particular,
Half Moon Bay — lovely 4 bedroom, 3 bath home on gorgeous sunny 8+ acre lot with full horse facilities including barn, paddocks, area, pastures and nearby State park trails.
you are completely knowledgeable about the market and what appeals to buyers. Additionally,
your
ability
to
coordinate
contractors and suppliers to ready the house for market in a cost-efficient manner was
Redwood City — 5 bedroom, 3 bath ranch style
invaluable. You were also available whenever
home on 17,000 square foot lot with huge family room kitchen and pool (Selby Lane area)
we needed you, had answers to all of our
Redwood City — 4 bedroom, 2.5 bath home in
maintaining the utmost integrity.”
Farm Hills with large lot and bay view
John Stacey, Seller
EWHITE@CBNORCAL.COM www.ElaineWhite.com 650.566.5323 DRE# 01182467 Page 2 I Fall Real Estate Special Section
questions and are a skillful negotiator, all while
ELAINE BERLIN WHITE REAL ESTATE BROKER ATTORNEY AT LAW SENIORS REAL ESTATE SPECIALIST TOP 1% OF COLDWELL BANKER WORLDWIDE
Elaine Berlin White
*OWFTU.JOVUFT Call me for an update on the local market and successful strategies for closing deals. The conversation may change your view on real estate.
Attention Buyers t "SFZPVBXBSFPGBMMUIFQSPQFSUJFTCFJOHQSJWBUFMZ offered? I am.
*No slogan needed
Attention iPhone Lovers ____________________________ Once you download the free QR Reader from the App Store, simply use your phone to take a picture of the barcode on the right. You will be able to view the complete online packages for Miles’ exceptional properties.
t 4JNQMFDIBOHFTUPBIPNFZPVQVSDIBTFDBODSFBUFTVCstantial equity. I can identify great opportunities and SFGFSFYQFSJFODFE SFBTPOBCMZQSJDFEUSBEFTQFPQMF t *GNVMUJQMFPòFSTPDDVS BOEUIFZEP *IBWFB 97% success rateSFQSFTFOUJOHCVZFST
Attention Sellers t 4FBTPOBMNBSLFUJOHJTPGUFONJTVOEFSTUPPE -FUTDIBUBCPVUUIJTFTTFOUJBMTUSBUFHZ t .BLJOHDPSSFDUDIPJDFTUPQSFQBSFBIPNFUP market is critical in order to get the highest price. t /FHPUJBUJOHJTCPUIBTDJFODFBOEBOBSUGPSN *BNUFSSJCMFBUTQPSUTBOEBVUPNFDIBOJDT CVUBNB masterful negotiator.
Miles McCormick HomesO fThePeninsula.com DRE 01184883
650-400-1001 Fall Real Estate Special Section I Page 3
*OTJEF FALL REAL ESTATE 2010
A Palo Alto Weekly and Almanac publication
6
R. Gage Marketing Services
Editor: Carol Blitzer Designer: Diane Haas On the cover: This Vintage Oaks home at 60 Gloria Circle, Menlo Park, with four bedrooms and close to 3,000 square feet of space, was on the market for $2,595,000 in early October. Photo by Michelle Le.
26 Rents edging up as economy improves
40 Struggling to survive in a recession
13 Same price, different house
30 If a Realtor were ‘tweeting’ ...
46 Decorating for one
18 Market rising from the ashes
33 Brand new comes at a premium
48 RentWatch
2010: Getting back into the game
Homebuyers move off the sidelines and re-enter the market
Slight influx of jobs, schools’ strength keep occupancy rates high
What’s on the market in local communities?
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When the owner sells, is tenant’s lease up?
Wealth, location ensure continued new construction
26480 Weston Dr., Los Altos Hills
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When it no longer takes two to tangle, er ... tango
A quick take on words of real-estate wisdom
Economic climate, mortgage crisis hit East Palo Alto hard
26480 WESTON DR
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Spacious two story home near the town hall in the heart of Los Altos Hills! 5 bedrooms, 4 ½ bedrooms, vaulted ceilings in the living room, separate dining room, family room and bonus room. Remodeled granite kitchen features walk in pantry and sub-zero refrigerator. Extra spacious bedrooms, each with an additional attached area or adjacent room. Perfect guest quarters off living room. Lush landscaped grounds features in-ground pool and spa, deck and patios, private gardens and orchards. Excellent Palo Alto Schools or walk to private Pinewood school. Over 3,500 square feet of living space Nearly level 1.077 acre lot
Offered at $2,795,000
Lic. # 00868208
Broker/Owner Keller Williams Page 4 I Fall Real Estate Special Section
505 Hamilton Ave, Suite 100 Palo Alto Office: (650) 354-1100 Cell: (650) 483-2710 Fax: (650) 560-6530 Email: jwking@akrealty.com www.Johnwking.com
A Tradition of Excellence in Residential Real Estate
Successfully Representing Sellers & Buyers for over 25 years