BJJB magazine Reflection of the Properties that Make Santa Cruz LIFESTYLE Great!
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Market Report Jan
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LETTER TO READERS
Brandi and Josh here! The Holidays have come and gone. WE have now started the new year. This year we have committed to a few things personally, professionally, and spiritually. Here are just a few of our New Years Resolutions:
To be on time.
To establish daily, weekly, monthly calendars and honor them.
Schedule Pop By’s and do them!
Start Cross Fit and commit to at least 6 months.
Practice authenticity everyday.
Be the most cutting edge, professional, and helpful realtors in Santa Cruz County!
December and January brought many friends and family’s birthdays. Josh’s birthday was 1.3.14 and his son, Ryder’s was in December. Josh’s son has been behaving well in school lately and he was rewarded with his own iPhone (used) to use educational aps. (photos of Ryder’s work above and to the side.) He especially likes the Toca Boca series. We have lost many in 2013 and our prayers go out to their families. Both Josh and I have ill parents and we hope that peace and happiness can be brought to them in 2014. It is hard to watch family members suffer. 2014 brings a new feeling of hope, prosperity, and joy that comes with each new year. We hope your 2014 feels the same way and even more so turns out to as such. Sincerely,
THE FIVE SILICON VALLEY CITIES TO WATCH IN 2014 Lauren Hepler Silicon Valley Business Journal h p://m.bizjournals.com/sanjose/news/2013/12/30/silicon‐valley‐ci es‐to‐watch‐in.html?ana= k&page=all&r=full Monday, December 30, 2013, 12:07pm PST
Will 2014 be the year that lesser-known Silicon Valley cities cash in on 49ers mania, surfside startups and a budding cleantech resurrection? Following a regional economic resurgence during 2012 and 2013, the next year will be all about maintaining momentum for area cities long associated with tech-fueled affluence. In other locales, however, sleeper cities will look to lure a bigger slice of regional prosperity. Still, growth is by no means guaranteed in the year ahead. Increasing economic inequality — marked most obviously by unaffordable housing — has collided with years of civic budget cuts to produce a murky picture for long-term regional development. With this in mind, my picks for the Silicon Valley cities to watch in the months ahead: Santa Cruz Hippie beach enclave no more? A gaggle of politicians, entrepreneurs and deeppocketed investors want to diversify from Santa Cruz County’s $500-million-a-year reliance on summer tourism. Look for Surf City startups like co-working company NextSpace and business intelligence firm Looker to spur more entrepreneurial activity as politicians push for better broadband and increased telecommuting to Silicon Valley proper. San Jose Menlo Park Freemont Santa Clara
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Happy New Year! Ryan Buckholdt here from Opes Advisors in the downtown Santa Cruz office. Here is what experts are saying about 2014 and lending. Undoubtedly, mortgage rates will continue to climb as the economy continues to improve. This should be no surprise, hopefully a slow and steady increase will continue so that we are able to adjust accordingly. One year ago rates stood at 3.5%, and before the holidays swept through we locked rates (fixed your interest rate) just below 4.5%. Loans that offer 15 years at a fixed rate remained low which is definitely advantageous for borrowers. There will be some significant changes in the market this year as the Federal Housing Authority continues to increase regulation, therefore creating new rules we all must adhere to quickly whether you are buying a home or refinancing an existing one. Overall, we will see some large banks, i.e. SunTrust Bank, reducing or eliminating their mortgage banking presence because depositories are not set up to do purchase loans. At Opes Advisors, we find this to be a huge advantage for our company! As investors and regulators decipher where to land, Mortgage Advisors at Opes are focused on serving our clients and finding efficiencies in our operations. Because we are a California based company and so tightly knit with our communities, Opes is able to offer unique products for borrowers who do not fit inside the box other banks or lenders defined. Below are a few positives reasons why this is still a great market! Solid growth is increasing employment; tech companies generate solid profits and growing. Unemployment has dropped in California from above the national average to below it pretty quickly. Higher paying jobs have increased, therefore creating new numbers of people capable of affording homes. A rise in housing prices nationally is pulling some homeowners from being underwater, opening up the possibility of refinancing and increasing movement of people toward areas with more jobs. Housing is stabilizing nationally. Solid Stock market gains since 2011 have produced a new wealth effect that we do not see faltering. Ryan Buckholdt
Mortgage Advisor DRE 01196245 | NMLS 319442 www.ryanbuckholdt.com
Source: California Associa on of Realtors
ITEM OF VALUE
Capitola Wharf Condo Rarer than a Mickey Mantle Rookie Card…..#gottahaveit 4960 Cliff #1 aka 1445 Wharf Road Unparalleled ocean, wharf, beach and white water views from this one of a kind condo at the end of Wharf Road. Step out 10 paces until you can feel the warmth of the sand. Beach volleyball, sunbathe, paddle board, and kayak are just a few activities that will keep you and your family busy all day long. Location is in a class of its own and opportunities for a place like this are few and far between. Barbeque on your balcony and look over the whole Capitola Village. Walk down and enjoy excellent restaurants, unique shops, and much more. Front row seats for the “wharf to wharf race” and the Capitola Art and Wine Festival are just two of the events that make Capitola a cut above! You can use this as the perfect vacation rental or spend all summer creating memories with family and friends that will last for generations to come! 6
Street Car life The Most Unique Home In Santa Cruz 203 Blackburn Ave, Santa Cruz 1920’s Santa Cruz streetcars make up this unique historic 1 bed/ 1 bath home in the Neary Lagoon neighborhood of downtown Santa Cruz. The “loraxlounge” treehouse sits 30 feet high in a robust oak next to the house, welcoming all who enter. In addition, the property boasts two beautiful and original “cob” structures (200 and 80 sq ft) that can be used as yoga/massage/meditation rooms, playhouses, or office space. A cob kitchen (50 sq ft) is attached the larger cob structure. A chicken coop, a wood-fired barrel sauna, a pond, a wood-fired cob oven, a laundry room, three storage sheds, and two rear decks add to the comforts of the sunny and lush backyard, complete with mature avocado, plum, apricot, apple, pear, and almond trees. Soil is great for gardening. This ideal location is walking/biking distance to schools, beach, downtown, buses, and highways. Quiet and diverse neighborhood. Three street parking permits are attached to the property. Large cob house may be eligible for ADU upgrade and additional rental income ( non-habitable permit in process). Property is energy efficient with very low utility bills year round. Own, live in, and be a part of one of Santa Cruz’s most unique properties. 7
338 Geoffroy Dr, Santa Cruz Have you always wanted a beach home but didn't want to deal with the Coastal Commission, engineered sea walls, and foundation concerns that other beach front properties have to deal with...well here it is. This home that is steps to Sunny Cove, around the corner from Twin Lakes Beach, and cruising distance to the Harbor. It gets better though...this home was recently masterfully renovated by local stars such as Perry Wiget Homes, Plumbed Elegance, Lydia Lyons Design, and Dreamscape Landscaping. Their vision was to bring you a modern and handsome beach retreat that is technologically savvy and energy efficient. The home is run by state of the art Savant Technology Systems where you can run the home from the touch of your finger on your iPad or iPhone. The home features high end touches from solar panels to imported Italian fixtures, walnut floors, and fossil filled limestone counter tops. You cannot help but feel pampered and rejuvenated in this home as you the heated bathroom floors caress your feet, the ocean reflections bronze your checks, and a steam shower melts your cares away. You are steps to surfing, paddle boarding, tide pools, and frolicking on the beach.
Steps to Sunny Cove
Modern Style On the weekend go to the end of the block and pick up fresh veggies and food at the farmers market. Skip to the Crows Nest for cocktails or catch a sunset boat cruise from the Harbor. Finally, you can savor in your financial investment as you will have the last vacation rental permit in the area. Go to www.338geoffroysantacruz.com
Huge 7928 sq. ft. corner lot w/ natural landscaping
3,418 sq. ft., 4BR/4 BA** room for 5th bedroom
Vacation Rental Permit
Steps to Sunny Cove Beach & Twin Lakes Beach Close to Harbor, Crow's Nest, Kind Grind, and Farmer's Market
Surf or Paddleboard from Sunny Cove
Pampering Master Bathroom
High Tech home renovation in 2012
Chef Style Kitchen
BJJB magazine OTHER LISTINGS
200 LUPINEVALLEY RD, APTOS $1,299,000 3BD/3BTH
517 LA HONDA DR, RIO DEL MAR
114 MISTY CT, SANTA CRUZ
$999,000 5 BD 2.5BTH
BJJB magazine OTHER LISTINGS
3415 HARDIN WAY, SOQUEL. $525,000 3BD/2BTH
1686 COZY CT, SANTA CRUZ
147 RIVER LN, FELTON
BJJB magazine OTHER LISTINGS
3415 BROADWAY #D 2BD/2BTH
1959 ENCINA DR, SANTA CRUZ
300 UNION AVE #3, CAMPBELL
$475,000 2BD/2BTH 16
For more information please go to WWW.BRANDIJONESREALTOR.COM WWW.JOSHUABACORN.COM
JOSHUA BACORN REALTOR, BRE#01884101 CELL: 831-818-4321 JBACORN@DAVIDLYNG.COM WWW.JOSHUABACORN.COM 2170 41ST AVE, CAPITOLA, CA 95010
REALTOR, BRE#01385191 CELL: 831-588-5145 BJONES@DAVIDLYNG.COM WWW.BRANDIJONESREALTOR.COM 2170 41ST AVE, CAPITOLA, CA 95010
SALES ASSOCIATE OF THE YEAR 2010,2011, 2012
PRESIDENT CLUB CHAMPION 2012
Happy New Year!