HomeFolio: Palo Alto Atherton Los Altos Hills Menlo Park Mountain View Volume 2 Issue 9

11627 Dawson Drive, Los Altos Hills | $18,950,000 The Dawson Estate aka Rancho San Antonio sits on approximately 5.6 acres with private Western Hills exposure | The large estate boasts California living at its finest | Servants/guest wing that includes a 5000+ bottle wine cellar | 8BR/11BA | 16,700 sqft | A former owner and avid car collector constructed an additional garage that can house over 35 cars.

www.11627DawsonDrive.com

2051 Valparaiso Avenue, Menlo Park | $3,188,000

245 Mountain Wood Lane, Woodside | $7,250,000

Spectacular Transitional Craftsman completed in 2016 | 4BR/3BA 2,528 sqft | 6,000 sqft | Award-winning Las Lomitas schools

5BR/3BA | 3550 sqft | 3.016 Acres | Built in 1957 | 3 acre parcel offers the rare opportunity to renovate or build your dream home

www.2051Valparaiso.com

www.245MountainWoodLane.com

Call today for a confidential and complimentary home evalution.

DAVID KELSEY 650.223.5588 david@davidkelsey.com CalBRE#01242399

www.DavidKelsey.com

REAPING the Benefits of

GREEN LIVING

By Kimberly Gomes

In a time where sustainability permeates everyday living, Peninsula and Silicon Valley residents have incorporated a wide range of green aspects into their homes. Low-flush toilets, solar panels, and efficient cooling systems are just a few of today’s many options. For those interested in reviewing what’s available, we’ve simplified your search by compiling a fundamental guide to green living.

Solar Electricity Residents can incorporate three types of solar energy into their home: passive solar, solar thermal, and photovoltaic (PV). Passive solar simply consists of orienting your home towards the sun, which may have already been done intuitively by design. Solar thermal systems are often used to heat pools and water, while PV harnesses the sun’s energy to create electricity for the home.

Yet, rooftop solar panels have become the most popular option on this spectrum. Beyond environmental, the benefits are visible on the utility bill. Local companies like SolarCity offer both leasing and purchasing agreements, creating options for the weary. Until the end of 2016 federal tax credits also save homeowners 30 percent off of solar installation prices, which will likely drop down to 10% at the beginning of 2017.

Water Conservation Water efficiency also serves as a heavy player in green living. As California’s drought remains top of mind, new and remodeled homes have weaved in practical water-wise components. Low-flush toilets have become standard. These alternatives soak up just half the water a conventional toilet uses. Multi-setting showerheads, water-efficient faucets and dishwashers, as well as tankless water heaters all offer easy ways to shell off wasted gallons.

When it comes to landscaping consumers can explore smart watering systems like Iro. This product features a Wi-Fi-connected sprinkler system that schedules watering around the resident’s geography and weather.

Those looking to go above and beyond can also integrate gray water systems into their home. The most common gray water DIY conversion irrigates backyard plants with water from the washing machine. Art Ludwig, author and ecological systems designer of Oasis Designs, describes how to re-direct 10 to 25 gallons of water per load for a horizontal-axis machine, or about 40 gallons per load for a vertical axis machine. If residents use a biocompatible detergent, this water can hydrate ornamental plants and fruits trees.

Efficient HVAC With plenty of smart systems on the market, there’s no need to watch the AC bill rack up this summer. Nest Thermostats have become widely popular throughout the Bay Area, allowing homeowners to set thermostats from their phone to conserve and ensure ideal temperatures. Apps like Wink enable homeowners to save electricity by remotely turning off lights that have been accidentally left on. Residents can pair Wink with Cree’s Connected LED lights, which not only sip power, but can also be controlled via phone.

While these smart heating and cooling systems stack benefits, it’s imperative to have double-paned, water-stripped windows to retain desired temperatures throughout the home. Single-paned windows can release up to 25% of the home’s air, raising the AC bill during hotter months.

Whether you’re incorporating just one or multiple eco-minded alternatives, the benefits generally speak for themselves. Discuss rates and options with your local solar, appliance, and HVAC professional for further information.

At Opes we take pride in our relationships with Realtors®.

With financing options like our Bridge Loan program, we help you put a client’s dream home within reach.

2875 El Camino Real, Palo Alto, CA 94306

650.319.1600 26

www.opesadvisors.com

Help when you make the most important financial decisions of your life.

Opes Advisors is licensed by the CA Department of Business Oversight 4150089 under the California Residential Mortgage Lenders Act, Oregon ML-4902, Washington CL-1178435 and NMLS 235584. Equal Opportunity Lender. Opes Advisors is a registered investment advisor with the Securities and Exchange Commission (SEC). ©2014 Opes Advisors, Inc. All rights reserved.

GREG CELOTTI PRESENTS...

JUST LISTED 1316 Rosewood Avenue San Carlos Gorgeous single level home on a quiet street just blocks from vibrant downtown San Carlos.

1316Rosewood.com Offered at $1,288,000

COMING SOON Menlo Park Wonderful single level home on a quiet street in the coveted Menlo Oaks neighborhood with outstanding schools.

Call for Price and Details

COMING SOON Belmont Beautifully updated 4 bedroom, 2 bath home in a peaceful setting with gorgeous views and excellent Belmont schools.

Call for Price and Details

650.740.1580

greg@apr.com www.GregCelotti.com CalBRE#01360103

Contemporary Urban Elegance in Downtown Palo Alto

Coming Soon This stylish and contemporary, 5 year-old 3 bedroom, 2.5 bath attached single family home, blocks from University Avenue, is the epitome of urban chic. Private and secure location, walking distance to downtown restaurants, shops, and nightlife. Inside, the sleek design, high ceilings, expanses of glass, and open living areas create a light, airy environment. Spacious master suite with spa-inspired bath, indoor/outdoor living with spacious Ipe wood deck, and green amenities such as tankless water heater, and solar heating. Attached 1-car garage.

www.PAUrbanElegance.com

Call Derk for Details

Derk Brill

Call Derk to schedule a one-on-one meeting at

CELL 650.814.0478 Alain Pinel Realtors 578 University Avenue, Palo Alto CalBRE# 01256035 dbrill@apr.com 24

www.DerkBrill.com

SOLD

Over List Price in 5 Days

GORGEOUS UPDATED TOWNHOME

22 Los Altos Square, Los Altos ~ Offered at $1,375,000 The opportunity you have been waiting for. This 3 bedroom, 2.5 bath townhouse is located in the prime area of the complex. Featuring numerous updates, top Los Altos Schools , close to Whole Foods, Safeway and Starbucks. Los Altos Square offers tranquil living in an idyllic setting. 3 pools and clubhouse on grounds.

• 3 bedroom, 2.5 baths,1568 sq.ft.

• Spacious Living Room with Fireplace

SOLD

• Formal Dining Area • Updated Kitchen,Granite Counters

SOLD

50 Parsons Way, Los Altos Offered at $2,599,000

398 Hawthorne Ave, Los Altos Offered at $1,998,000

GARY HERBERT Broker

650.799.4021

Gary@siliconvlyhomes.com www.siliconvlyhomes.com CalBRE#00762521

• Hardwood Floors • Inside Laundry, 2 Car Garage

SOLD

506 Orange Ave, Los Altos Offered at $4,895,000

So

ffers O 8 ith ld W

3264 Clifton Court, Palo Alto Move right in and start living in this beautiful, light filled home, conveniently located on a tree lined cul-de-sac near many amenities. Call for Price · · ·

Four nicely sized bedrooms, two baths, including master suite Combined living and dining areas Large kitchen with laundry area

· · ·

Attached 2 car garage Approx. 1,530 s.f of living space on 7,495 s.f lot Excellent Palo Alto schools: Palo Verde, JLS, Palo Alto High (buyer to verify)

Please Call For Your Complimentary Home Market Evaluation!

7

STUNNING BAY VIEWS WITH RESORT-LIKE ENTERTAINMENT GROUNDS

12101 OAK PARK COURT, LOS ALTOS HILLS

SCHOOL OVERVIEW Gardner Bullis Elementary (K-5) Egan Intermediate (6-8) Los Altos High (9-12) (Buyer To Verify Enrollment Eligibility)

OFFERED AT $4,398,000

To View the Video Tour, Additional Photos and/or Information on This Property, Please Visit:

www.12101OakParkCourt.com 24

PROPERTY OVERVIEW

4 bedrooms, 4 bathrooms plus library Hardwood flooring Approx. 4,095 sq. ft.

Private 1.6 acre lot with gated entrance Wrap around decks and elevated spa Smart home wiring Close to Los Altos Village Attached 3-car garage plus carport

650.218.4337

JOHNFORSYTHJAMES.com john.james@apr.com LIC# 01138400

GIVE YOUR HOME THE EXPOSURE IT DESERVES...

Local expertise with global reach

Daphne visits China, Taiwan, Hong Kong, and Singapore several times a year to promote her listings by speaking at large US luxury real estate seminars and participating in numerous real estate expos.

To reach national and international luxury audiences, your listing is advertised on selected websites such as LuxuryPortfolio.com, LuxuryRealEstate.com, WSJ.com, CaiMeiJu.com, and China.apr.com.

DAPHNE CHOU, Ph.D. 周靖芠博士 WeChat & Line ID: drdaphne

License# 01452752

650.888.8268

408.218.7522

dchou@apr.com DaphneChouHomes.com

Daphne Chou & Alain Pinel Realtors a brand name you can TRUST! 9

Our clients don’t pay for their ad to be in HomeFolio magazine...

they pay for their ad to be in mailboxes.

Over 46,000 of them.

Almost 60% of homes sold in our community, are purchased by people who already live here, and while most buyers will shop for their next home online, if your home doesn’t match their search criteria exactly, it won’t even appear in their search results. Our agents go the extra step to proactively introduce their listings to the largest pool of likely buyers directly through the mail.

Our exclusive “Online Research Method” identifies likely buyers for our area, and we mail directly to them.

Our clients reach buyers, sellers, and generate leads other agents don’t. Call 10

Melissa for details on our unique direct mail strategy: 925-323-3475.

HOW DOES YOUR NEIGHBOR HOOD COMPAR E? D OW N L OA D T H I S AWA R D -W I N N I N G , C O M PL I M E N TA RY, E X PE R T R E V I E W T O DAY

2 015M A R K E T R E V I E W.C OM

DAW N T HO M A S S I L IC O N VA L L E Y R E A L E S TAT E S PE C I A L I S T (6 5 0) 701 78 2 2

T E A M@ S I L IC O N VA L L E YA N DB E YO N D.C O M

AT H E R T O N L O S A LT O S L O S A LT O S H I L L S M E N L O PA R K M OU N TA I N V I E W PA L O A LT O R E DWO O D C I T Y S U N N Y VA L E 24

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G

2178 Las Trampas Alamo

orgeous custom exclusive Alamo Ridge gated estate. This one of a kind property situated on 8.54 spectacular acres in the beautiful Las Trampas Hills. Sweeping views, large yard with pool, spa, outdoor kitchen and an amazing sun deck to enjoy the sunrise and sunsets. This 4 bedroom, 3.5 bath estate offers privacy & serenity. Wander throughout the property walkways to enjoy nature’s beauty at its finest! Perfect to entertain on a grand scale!

Offered at $2,998,000

No property too big or too small! | CLOSED SALES FROM 25 MILLION TO UNDER 100 THOUSAND “COMING SOON” New Luxury Listings! Call for details and locations!

Peggy Cortez was ranked #13 in the nation by the Wall Street Journal, Real Trends, and Lore Magazine out of more than 1 million agents nationwide. Lifetime member of “Who’s Who in Real Estate”

Cover Property

L

ocated in beautiful Carmel Highlands this gated single story estate offers breathtaking views of the ocean & Wildcat Cove. Walls of windows to enjoy the amazing sunrise & sunsets bring the outside in!

This sprawling 5338+-sf home features 3 bedrooms, 3 full/2 half baths, den, office, 4 fireplaces, formal living & dining rooms, 2 kitchens, large family room, (complete with built-in- popcorn machine), slate roof and even a doggie bath in the laundry room & much more…

Offered at $10,000,000

29798 Highway 1, Carmel

A

mazing gated estate. Breathtaking ocean view & fully remodeled in 2008. Featuring: 7239 sf, 6 bedrooms, 6.5 baths includes 931 sf fully contained guest house, “Green” stunning wine cellar, radiant heat, + whole house back up generator, electric car hook-up, Smart House Technology and pool/spa. Exquisite detail and designer touches throughout. Perfect for a family compound or corporate retreat!

Offered at $7,800,000

101 Lower Walden Road, Carmel

650.941.4300 195 S. San Antonio Road, Los Altos

www.campi.com Local Expertise, Global Exposure

One-Of-A-Kind Country Estate, Close-In Location

Los Altos Hills | www.STONEBROOKDR.com | Price Upon Request This classic turn of the century ~3.5 acre Estate offers the ultimate in privacy with Western Hill and Bay views | Build your dream home or family compound on this beautiful property | Land may be subdivided, MDA 25,523 and MFA 13,303 Two separate entrances one off Stonebrook and the other is off of Oneonta Drive | Convenient access to the freeway

Bay Area Real Estate Broker with an Exceptional Reputation

16

Gary Campi Owner & Broker 650.799.1855 gary@campi.com CalBRE 00600311

RECENT SOLDS

1 W. Edith #B107 Avenue, Los Altos

1503 Fordham Court, Mountain View

912 Viewridge Drive, San Mateo

21571 Regnart Road, Cupertino

748 Nutmeg Avenue, Sunnyvale

48 Mansion Court, Menlo Park

14975 Page Mill Road, Los Altos Hills

0 Santa Teresa Blvd, San Martin

540 Bayhill Road, Half Moon Bay

www.teamaliceandalicia.com CERTIFIED RESIDENTIAL SPECIALIST CERTIFIED RESIDENTIAL BROKERS

Alicia Nuzzo

650.504.2394

alicia@serenogroup.com CalBRE#01127187

&

Alicia Alice NUZZO

Alice Nuzzo

650.504.0880

alice@serenogroup.com CalBRE#00458678

17

Veteran Realtor ®

GREG BOUDREAU named of

Manager

COLDWELL BANKER

Residential Brokerage in Los Altos Coldwell Banker Residential Brokerage, the South Bay’s leading real estate services company, announced that it has named veteran Bay Area Realtor® Greg Boudreau manager of the company’s award-winning Los Altos office.

A highly respected real estate professional, Boudreau has enjoyed a

His grandfather started a real estate business in 1959 with a simple

long and successful career as a top-producing agent before moving into

philosophy: “Don’t worry about the money; take care of your customers

the management ranks for several top Bay Area residential brokerages.

and the money will follow,” he said. “That philosophy is already instilled in Coldwell Banker’s agents, offices and culture. My job is just to improve

In his new position, he will oversee a talented sales team of more than

on that each and every day, and the rest will take care of itself.”

130 affiliated real estate professionals in the Los Altos office serving the San Francisco Peninsula and the South Bay housing market.

Greg most recently was the regional sales manager for Berkshire Hathaway Home Services in the East Bay, where he oversaw three

“Greg is a highly respected and successful real estate professional with

branch offices and also served on company’s luxury council.

over 25 years in the industry,” said Mike James, president of Coldwell Banker Residential Brokerage. “In addition to his outstanding sales

Prior to his time with Berkshire Hathaway, he served as vice president

career, his experience in management and leadership with Coldwell

and managing broker for Sotheby’s International Realty’s Danville and

Banker affiliates and brands such as Sotheby’s and Berkshire Hathaway

Lafayette offices, overseeing a team of 80 sales associates. He has

make him an excellent choice for to lead the Los Gatos office.

also held sales and management positions with RE/MAX, Alain Pinel Realtors, Century 21, and several Coldwell Banker affiliate firms over the

Boudreau said he is excited by the opportunity to manage the Los Altos

course of his career.

office. “We already have a great foundation to build on with this team of outstanding sales associates,” he said. “My goal is to help all of our

Boudreau can now be reached at Coldwell Banker Residential

agents achieve their personal goals, to deliver an even greater level of

Brokerage’s Los Altos office, located at 161 S San Antonio Road, by

service to home buyers and sellers, and to grow their business along

phone at 650.941.7040 or via e-mail at Greg.boudreau@cbnorcal.com.

with our market share.”

For more information please visit www.ColdwellBankerHomes.com or call 925.771.5285 CalBRE #01908304

161 South San Antonio Road | Los Altos, CA 94022 P 650.947.2220 E greg.bourdreau@cbnorcal.com

Thank you to all of the 130 Coldwell Banker Los Altos Independent Sales Associates for helping make Coldwell Banker #1 in the Bay Area* and a special congratulations to the office’s top producers.

INTERNATIONAL PRESIDENT’S ELITE

2015 AWARD RECIPIENTS

CONGRATULATIONS Agent Name

Agent Name

Agent Name

Agent Name

Agent Name

Agent Name

Terri Couture Diyar Essaid CIRCLE INTERNATIONAL PRESIDENT’S

International International President’s Premier President’s Premier INTERNATIONAL PRESIDENT’S

Agent Name

Agent Name

Agent Name

Agent Name

International President’s Premier

Agent Name

Deniece Smith

International President’s Premier

Terrie Masuda

International President’s Premier

Agent Name

Agent Name

International President’s Premier

Agent Name

Agent Name

Jerry Haslam

Agent Name

Agent Name

Agent Name

Agent Name

Agent Name

Kim Copher

International President’s Elite

INTERNATIONAL STERLING SOCIETY Agent Name Agent Name

Agent Name

Agent Name

Agent Name

INTERNATIONAL PRESIDENT’S CIRCLE

Elizabeth Thompson

Agent Name

Agent Name

Agent Name

Shelly Potvin

ELITE

INTERNATIONAL DIAMONDAgent SOCIETY Agent Name Agent Name Name

Agent Name

Agent Name

Agent Name

Agent Name

International President’s Elite

Agent Name

Agent Name

Agent Name

Agent Name

Agent Name

INTERNATIONAL DIAMOND SOCIETY Ric Parker

International President’s Elite Agent Name

Agent Name

Marcie Soderquist International President’s Elite

Agent Name

Agent Name

Carole Feldstein

Anni Chu

International President’s Elite Agent Name

Team Fishpaw

International President’s Elite Agent Name

Agent Name

Agent Name COLDWELL Agent Name Agent Name BANKER OFFICE NAME

Agent Name

Nancy Adele Stuhr

International President’s Circle

International President’s Circle

Agent Name

Agent Name

Agent Name

Agent Name

Agent Name

1855 Gateway Blvd., Ste. 750 | Concord, CA 94520 | 925.275.3000 INTERNATIONAL STERLING SOCIETY ColdwellBankerHomes.com |

californiahome.me |

/cbcalifornia |

/cb_california |

/cbcalifornia |

/coldwellbanker

©2016 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office is Owned by a Subsidiary of NRT LLC. Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor sales associates and are not employees of Coldwell Banker Real Estate LLC, Coldwell Banker Residential Brokerage or NRT LLC. CalBRE License #01908304.

Linda Wang

International President’s Circle

Stella Rosh

Ellen Barton

International President’s Circle

International President’s Circle

Vivi Chan Naumovski International President’s Circle

Linda Takagi

International President’s Circle

Alice Chakhmazova

Agent Name BANKER Agent Name Agent Name Agent Name COLDWELL LOS ALTOS 161 S. SAN ANTONIO ROAD, LOS ALTOS, CALIFORNIA 94022 | 650.491.1600

Agent Name

Agent Name

COLDWELL BANKER OFFICE NAME 1855 Gateway Blvd., Ste. 750 | Concord, CA 94520 | 925.275.3000

Agent Name

*Based on information from Bay Area Real Estate Information Services, Inc., Bay East Association of REALTORS and Contra Costa Association of REALTORS, MLSListings Inc., San Francisco Association of REALTORS for the time period 1/1/15 to 12/31/15. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market. Owned and Operated by NRT LLC.

ColdwellBankerHomes.com | 24©2016 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker

californiahome.me |

/cbcalifornia |

/cb_california |

Jim Galli

International President’s Circle

/cbcalifornia |

International President’s Circle

Agent Name

Greg Boudreau Manager

/coldwellbanker

is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office is Owned by a Subsidiary of NRT LLC. Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor sales associates and are not employees of Coldwell Banker Real Estate LLC, Coldwell Banker Residential Brokerage or NRT LLC. CalBRE License #01908304. ®

20

Expert Guidance with Seasoned Success • • • • • •

Proven Listing Approach Effective Home Preparation - 2X ROI Customized Marketing Plans Strategic / Result Oriented Negotiation Skills Start to Finish Full Service Approach Ranking within the top 5% of Silicon Valley Realtors

For more information on how David Weil can fulfill your real estate needs, contact:

david@davidweilhomes.com or (650) 823-3855 David insisted that we needed to com- plete some work on the home to maxi- mize our sales price.

Reluctantly, we made the improvements and I am now convinced we most definitely received a 2x return on that investment on our final sales price.

David is a true professional who puts the needs of his clients first. His exper- tise, proactive attitude and patience proved invaluable to us in both the sell- ing of our condo and the purchasing of our home. We can’t recommend him enough.

MITCH T. – REBALANCE IRA

JULIETTE P.

SOLD

SOLD

SOLD

650 Berkeley Avenue, Menlo Park

156 Stockbridge Avenue, Atherton

275 Verano Drive, Los Altos

SOLD

SOLD

SOLD

10 Valley Road, Atherton

662 Berkeley Avenue, Menlo Park

115 Gloria Circle, Menlo Park

David Weil, Realtor®

650.823.3855 | david@davidweilhomes.com davidweilhomes.com | License: 01400271

21

BY KIMBERLY GOMES

SECURITY:

Smart Systems

When it comes to interior trends, convenience is everything.

From phone-controlled crock-pots to finger-compatible locks luxury homeowners are simplifying their lives with supreme technology. Smart systems, a rising trend in the mid-peninsula, have become a preference amongst highend buyers.

Today’s automated systems allow homeowners to control nearly everything from lighting and pools to security and HVAC systems. Whether residents are on vacation across the globe, or in the comfort of their own home, these smart phone-compatible systems epitomize practical luxury.

SMART HUBS Customizable automated systems allow users to dictate how, when, and why a device should react. These hubs often serve as an on-hand alert system, notifying residents about minor issues, like water leaks, that become headaches when left unattended.

NuBryte, a relatively standard, yet affordable system, alerts residents of unexpected entrances and views possible intruders through a built-in camera. Insteon, another smart hub kit turns on lights upon entering a room, and even leaves messages on a home console to notify family members if you’re running late.

While each system varies, the common thread is on-call detection, enhancing security and preventable repairs.

“Android based Control 4 or Apple-based Savant [offer] a person control of their lighting, climate, entertainment, and security from a single app and are desirable to buyers, but many homes do not offer them,” says John Forsyth James, Alain Pinel Realtor.

SMART CONSERVATION Home automation also helps homeowners preserve water and energy via technology. Nest’s digital thermostats have become relatively standard throughout Bay Area homes.

These sleek devices significantly lower electricity, heating and cooling bills by setting thermostats from their phone, ensuring ideal temperatures upon arrival.

“A popular feature in homes today is the Nest thermostat–that is one item that many buyers are looking for,” says John.

Drought-conscious residents can utilize smart systems like WallyHome to pinpoint the origin of leaks. Sensors are attached to water-prone places like toilets, sinks, and faucets and send an alert to the main hub when excess drip occurs. It also indicates the temperature and humidity in these areas, helping residents stay one step ahead of unwanted mold.

EFFECT ON SALES PRICE In a region that’s renowned for its tech-savvy occupants, certain smart systems influence market value. While home automation capabilities are constantly advancing, properties with top-tier smart systems can be appealing when it comes time to sell.

“I feel that systems like Lutron lighting, where a buyer can touch one button to turn all the lights on or off in a main area of the home, are desirable and buyers would pay more for a home that offers Lutron functionality,” says John.

Those who aren’t looking to invest in over the top hubs can also prewire the home for these smart systems, creating a smooth transition for prospective buyers interested in home automation.

JUST LISTED

164 Pleasant Valley Road | Aptos Valley This premiere country estate is nestled in a picturesque, pastoral valley in the Aptos hills. Situated on 80 pristine acres, this slice of paradise is the only equestrian estate of its kind in California. Just 5 minutes to the beach, 30 minutes from Carmel/Pebble Beach and Silicon Valley. The magnificent timber lodge style home and matching stable are designed by renowned East Coast architect, John Blackburn. Rustic elegance and gracious living are thoughtfully executed in the layout and amenities of this comfortable home. Custom Santa Fe doors invite you to a grand, yet inviting living room with 30 foot soaring ceilings, stunning wood beams, reclaimed wood flooring and a massive floor-to-ceiling Mountain River Rock fireplace. The family residence is sited at a expansive knoll top with commanding 360 degree views over rolling topography, private vineyards, orchards and surrounding luxury homes. The adjoining landscape offers a fenced backyard with grassy lawn, native landscaping and farm-to-table lifestyle with a bountiful vegetable garden, fruit orchard and chicken coop. The rolling west facing hills are perfect for a vineyard.

Live an inspired yet convenient daily life in a world far from ordinary living.

Arthur Sharif

Arthur@SVLuxRe.com www.SVLuxRE.com 650.804.4770 CalBRE: 01481940

2016 FORECAST

PENINSULA RESIDENTIAL REAL ESTATE MARKET INTRODUCTION The last twenty plus years have seen dramatic economic upheaval and equally dramatic recovery. Over this period, the housing market has likewise experienced volatility and, more recently, rapid increases to record high prices. Both confusion and uncertainty have accompanied this roller coaster ride. The following analysis is intended to look forward within the context of the recent past.

CONTEXT The appreciation in San Mateo and Santa Clara counties was negative to slightly positive during the Great Recession recovery years of 2009 to 2011. In 2012, home price appreciation was strong, and in 2013 many areas saw appreciation in the 20% range due to pent-up demand and bullish buyers. Appreciation slackened in most cities in 2014 and 2015, but was above historic norms reflecting continued strong demand. (Refer to figure.) These price increases reflect strong demand and insufficient supply. The number of home sales has been trending down since 2007.

This has not been for a lack of buyers, but rather a lack of supply.

Despite the generally upbeat projections for the Bay area economy, there are concerns posed by the Chinese economy, which is expected to slow further in 2016. As observed by Micah Weinberg, president of the Bay Area Council Economic Institute, “The prospects for the Bay Area economy are very strong, but they do not inoculate us from what is going on elsewhere”.

HOUSING MARKET FORECAST The continued recovery of the national economy and the strong, although somewhat abated, growth of the local economy indicates that the fundamentals are in place for another year of high demand for housing. Further, mortgage interest rates remain at historic lows and are expected to move upward only modestly in 2016. Although the Peninsula housing market is a non-homogenous aggregation of unique micro-markets, in general expect 2016 to look much like 2014 and 2015: high demand and low inventory.

SUPPLY: The supply of homes available to purchase will continue its downward trend in most cities.

APPRECIATION: In 2016 prices will increase at a rate that exceeds the 20-year average. However, in most cities the rate will continue to decline as it seeks its long-term norm.

SPILLOVER: The price levels in the more expensive areas will continue to cause buyers to seek less expensive alternatives. This will further dampen appreciation in the more costly areas and will put more pressure on prices in the areas that are relatively less expensive.

THOUGHTS FOR BUYERS AND SELLERS BUYERS: Home prices are at a point where even at historic appreciation they are increasing by tens of thousands of dollars each month. Consequently, delays caused by a buyer’s lack of resolve or non-competitive offers will prove costly.

A successful home purchase will be built on preparation and flexibility. You need to have done your homework and have everything in place to act quickly in a market where well priced homes are on the market for only a few days. With the lack of inventory, you should also be willing to make trade-offs.

MARKET INDICATORS I have found that the best predictor of the local housing market is local job creation. Which in turn is effected by the global economy, venture capital funding, the stock market, and other factors.

Nationally the recovery from the 2008 meltdown has been sluggish. In contrast, the economy of the South Bay (Santa Clara and San Benito counties) and the San Francisco metro area (San Francisco, San Mateo, and Marin counties) has been one of the brightest spots in the U.S. In 2015 job growth was 4.7% in both the San Francisco metro and the South Bay. Many forecasters, like the California Department of Finance, believe that the rate will decline in 2016 and thereafter. Likewise, Beacon Economics expects job growth in the South Bay to slow to an annual rate of 1.5% by the end of 2016 and to be between 1% and 2% through 2020 (The Regional Outlook, South Bay 2016).

SELLERS: Sellers, you are currently in the control position. At the correct price, many people will offer to purchase your property, and if properly prepared and marketed, you will garner the best possible price. Buyers are plentiful, often “hungry,” but rarely stupid. Overpriced homes will be passed over, and the prices of poorly presented homes will be discounted.

If you are seeking to time the market to maximize return, a sale in 2016 may be to your favor. However, current international events and the uncommonly long period of economic growth suggest that time poses down cycle risk.

For the full text and figures of this forecast, go to www.zanemac.com.

STEVE PIERCE 650 533 7006 pierce@zanemac.com CalBRE # 00871571

ZANEMAC.COM

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Opes Advisors is licensed by the CA Department of Business Oversight under the California Residential Mortgage Lending Act, License #4150089, CA Bureau of Real Estate 01458652, loans will be made pursuant to the Residential Mortgage Lending Act, CO Registration Regulated by the Division of Real Estate, Idaho MBL8530, Montana Mortgage Lender License #235584, Oregon ML4902, Washington CL1178435, Wyoming #2667 and NMLS 235584. Equal Housing Opportunity Lender. Opes Advisors is a registered investment advisor with the Securities and Exchange Commission (SEC). Š 2016 Opes Advisors, Inc. All Rights Reserved.