167 S. San Antonio Road Los Altos, CA 94022
Broker Associate, SRES, CSA Mountain View Rotary Club Member CalBRE# 00927794
(650) 996-0123
Presented by Tori Ann Atwell, Your Mountain View Real Estate Specialist & Neighbor
OLD MOUNTAIN VIEW
tatwell@apr.com www.ToriSellsRealEstate.com www.OldMtViewHomes.com
www.OldMtViewHomes.com February 2019 Real Estate Market Report
Follow me at: Facebook.com/Tori.Atwell
2018 IN REVIEW As is my annual practice, I am providing my input on the past year’s local Real Estate Market. Most of the data out there is from a national standpoint, or based on County Data, which does not truly reflect our local/niche Market in Mountain View and Surrounding towns. Here’s a closer look at our local area. 2018 started off as the past few years have, with a red-hot Seller’s Market with properties selling for amounts beyond reasonable expectation and with numerous offers–then in April it stopped: We began seeing fewer multiple offers, less over bids, and longer time frames on the market. As we entered Summer then progressed through Fall then into Winter the trend held and worsened, ruling out the slowdown being the normal Summer market slowing. Leading to the assertation that the time has come that we all knew would come eventually–Our crazy market has now ended.
TO MAKE A COUPLE POINTS CLEAR: No, the market is NOT crashing! But properties are not going to continue to jump in value as they have been the past few years. If you were a Seller hoping to cash out at the top of the Market, you are 9 months too late now.
If you are a Seller wanting a good price for your property and have realistic expectations, it is still a great time to sell. If you are a Buyer, it is an even better time to buy that it was last year. Interest rates are still good, and you will likely not have to pay the crazy overbids of the past few years.
2019 IS GOING TO BE A GREAT YEAR TO BUY OR SELL REAL ESTATE, AND ESPECIALLY GOOD FOR THOSE WHO HAVE BEEN THINKING OF “MOVING UP.” Here’s a quick nutshell of what to continue to expect in 2019 from 2018: • Homes not priced correctly or marketed correctly are going to be on the market for weeks, if not months. • Overpriced homes will be doing price reductions to sell. • We are starting to see more Sellers doing Pest work and other repairs to properties and more Buyers asking for repairs. • Properly Priced and Marketed properties still are, and will continue to sell quicker and at higher price points than overpriced or poorly marketed properties. A warning to the wise. If you are considering Buying or Selling, hire the RIGHT agent! To not do so is a big mistake and is risky. Remember, any agent who has not been in the business for eight or more years has never worked a normal market and simply does not have the skill sets to navigate this changing environment. Those offering deep discounts are best steered clear of; this is a market where professionalism and skill is needed, and the market is no longer going to do an Agent’s job for them.
Johnathan and Angela-Marie, Call me today at (650) 996-0123 for more information and an in-depth, personalized real estate consultation.
©Google 2019
Prepared Especially for Johnathan and Angela-Marie Williamson
DO YOU KNOW THE TRUE VALUE OF YOUR HOME IN TODAY ’S SELLER’S MARKET? Broker Associate, SRES, CSA Mountain View Rotary Club Member
Johnathan and Angela-Marie, Old Mountain View homes are in high demand! For an in-depth analysis of your home, please call me today at (650) 996-0123 or visit:
CalBRE# 00927794
(650) 996-0123 tatwell@apr.com www.ToriSellsRealEstate.com www.OldMtViewHomes.com
WWW.OLDMTVIEWHOMES.COM
Serving Mountain View and Surrounding Communities Since 1986
OLD MOUNTAIN VIEW
Spring Market GET READY TO SELL IN THE
CONNECT AND PLAN Connect with Tori to create a plan for success. From listing and closing your house to finding your next dream home, Tori can help you.
Don’t Wait!
Real Estate Market Report
THERE ARE NO HOMES CURRENTLY ACTIVE IN OLD MOUNTAIN VIEW List today and take advantage of the Seller’s Market!
P R E -L I S T INSPECTION Finding out about unknown issues during inspection can slow down the process and alarm buyers. Find out before listing to save time and leave out any surprises.
HOMES CURRENTLY PENDING IN OLD MOUNTAIN VIEW Street Name
Pending
Velarde Street
2
1
1,000
$1,699,000
Pending
Shumway Lane
4
3
2,000
$2,300,000
Johnathan and Angela-Marie,
SPR ING CLEA N Cleaning, de-cluttering, and organizing allows buyers to visualize themselves in the home. Start early to help your photos shine and turn showings into offers!
Call me today at (605) 996-0123 to get started and see how I will MAXIMIZE your home’s sale price this spring!
Bedrooms
Estimated Square Feet*
Status
Bathrooms
List Price
HOMES SOLD IN THE LAST 120 DAYS IN OLD MOUNTAIN VIEW
MARKET YO U R H O M E Tori’s print and digital marketing will make your home stand out during the busy spring market with professional staging, photography, and video tours.
Status Address
Bedrooms
Bathrooms
Estimated Square Feet*
List Price
List Date
Sold Price
Sold
58 Mercy Street
3
3
1,700
$2,798,000
01/10/19
$2,970,000
01/16/19
Sold
100 W El Camino Real
2
2
1,200
$998,000
01/02/19
$1,089,000
01/10/19
Sold
451 Calderon Avenue
3
3
1,700
$1,895,000
11/27/18
$1,895,000
11/27/18
Sold
1141 W Dana Street
3
3
1,300
$1,698,000
11/08/18
$2,100,000
11/14/18
Sold
610 View Street
3
2
1,900
$2,698,000
10/04/18
$2,500,000
11/01/18
Sold
311 Geary Way
4
4
1,800
$1,868,000
10/11/18
$2,250,000
10/17/18
Sold
635 California Street
3
2
1,600
$2,250,000
10/04/18
$2,350,000
10/16/18
Sold Date
Tori Ann Atwell and Alain Pinel Realtors are not in any way affiliated with Mountain View Owners Association, nor is this in any way an official advertisement or publication of Mountain View. © 2019 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MLSListings between October 7th, 2018 through February 7th, 2018. Listings and sales may not be those of Alain Pinel Realtors. The MLSListings does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet is rounded to the nearest hundred.
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | © 2019