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Kevin Boer, Broker Owner, 3 Oceans Real Estate, Inc. () |
February 1st, 2007 · 1 Comment
Tags: Real estate
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Mini Market Updates (Beta)
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RE: Any thoughts on the feds (in)activity this morning? (via Frie...
?RE: Any thoughts on the feds (in)activity this morning?? August 5 at 9:46 pm 
�Good news, your equity line and business line of credit rates remain the same as yesterday, as the Fed held short-term rates steady today. Why? Because despite unemployment concerns, the economy is doing fine (1.4% growth year to date-- thank you exports!), core inflation is under control at this point, gas prices have dropped over 6% recently and it's more prudent to maintain a steady helm when the economy appears relatively balanced. Eric T. Trailer, Principal
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Condi needs a home?
?Condi needs a home?? August 4 at 1:38 pm �As the term of Still President Bush and his administration is drawing to a close, and Senator Obama has already completed his first victory tour of the Middle East and Germany, fueled by an excess of coffee one afternoon, we at 3Oceans have started speculating about where former Stanford Provost, Condolezza Rice will make her new home. We are now soliciting housing suggestions for Ms. Rice should she return. We will assume that she can earn enough on the speaking circuit and through other "jobs" that price isn't really an object. Send in your answers, and let us know why you think Condi would like your entry. Pictures are worth double points. My entry is for Squire House http://www.zillow.com/HomeDeta...> at 900 University Avenue in Palo Alto. 6300 square feet of living area on a 40,000 square foot lot, its columns, large fence and historic status will remind Ms. Rice of the White House, and it's on sale with a reduced price of only $12,500,000! What's your entry and why?
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With chris iverson at university cafe.
?With chris iverson at university cafe.? August 1 at 3:09 pm
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'amphitheatre' by portola valley library
?'amphitheatre' by portola valley library? July 28 at 4:08 pm
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Gas prices
?Gas prices? July 26 at 4:44 pm �Gas down by 25 cents per gallon = good for my pocketbook but bad for the environment.
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post-Conference vendor schwag wardrobe
?post-Conference vendor schwag wardrobe? July 26 at 2:23 pm
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Sailing festival in san francisco
?Sailing festival in san francisco? July 25 at 8:20 am
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Trundling into hillsdale
?Trundling into hillsdale? July 23 at 7:19 am �Trundling into Hillsdale station en route to #Inman conference. "Trundling" -- one of my fav words. Also a good one to describe caltrain!
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The hills of san carlos sans morning fog
?The hills of san carlos sans morning fog? July 22 at 8:57 am
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Gotta love it
?Gotta love it? July 22 at 8:54 am �Redwood City's official head-scratching motto: "Climate best by government test."
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Train stations
?Train stations? July 22 at 8:48 am �It's a shame Caltrain no longer stops at the Atherton train station during the week. But thank goodness that at least the parking voucher machine at the Menlo Park station are working.
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Schumer and IndyMac
?Schumer and IndyMac? July 21 at 10:34 pm �There's a lot of talk going around about how Senator Chuck Schumer may be responsible for IndyMac's recent failure, but the truth is that he was only responsible for helping to hammer the final nail in Indymac's coffin. IndyMac failed because they made a series of bad loans across both their Alt-A and FHA channels. Wanna know which institution is next? Stay tuned for WaMu's announcement tomorrow, and keep refreshing the implode-o-meter at http://ml-implode.com/ daily for the latest... Eric T. Trailer, Principal
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am I reading this right?
?am I reading this right?? July 21 at 2:01 pm �Seen at a chevron gas station in los altos ca.
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Sunnyvale Market Bifurcation
?Sunnyvale Market Bifurcation? July 21 at 10:12 am �94085 and 94086 trending upwards. 94087 and 94089 trending downwards. Difference? School district.
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More fun with inventory numbers
?More fun with inventory numbers? July 20 at 11:10 pm �Belmont, San Carlos, and East Palo Alto all have roughly the same population, around 30,000. Notice how closely the inventory numbers for Belmont and San Carlos track each other; in East Palo Alto, however, the pain continues, with inventory numbers running out of control.
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Stoked about REBarCamp on Tuesday! Sent via BlackBerry from T-Mob...
?Stoked about REBarCamp on Tuesday! Sent via BlackBerry from T-Mobile? July 20 at 7:21 pm
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East Palo Alto
?East Palo Alto? July 20 at 6:43 pm �...and inventory in EPA keeps climbing, with no end in sight.
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Palo Alto housing inventory currently around 90, just where we wo...
?Palo Alto housing inventory currently around 90, just where we would expect it for this time of year.? July 20 at 6:31 pm
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$1,285,000 :: 2295 Hanover St, Palo Alto CA
Kevin Boer posted a link $1,285,000 :: 2295 Hanover St, Palo Alto CA July 20 at 6:37 pm �Cool new listing...
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Contributors
, Broker/Owner
3 Oceans Real Estate, Inc.
Menlo Park, CA
(DRE 01404898)
, Realtor
Keller Williams
Palo Alto, CA
(DRE 01708130)
, Mortgage Broker
Equitas Capital
San Jose, CA
(DRE 01730869)
, Stager
Staged4More
Burlingame, CA
, Realtor
Keller Williams
San Jose, CA
(DRE 01385188)
, Attorney
RHRC
San Jose, CA
, Mortgage Banker
Absolute Mortgage
Palo Alto, CA
(DRE 01361721)
1 response so far ↓
1 wendy kandasamy // Feb 1, 2007 at 6:55 pm
Just my 2 cents —
Using the traditional valuation model for real estates, the “comp” for comparable homes, I guess the value to be in the low $1.4M range. The comp that I am using is 281 Creekside which is just a few houses down on the same side of the street. There were no less than 11 offers when that house sold for $1.27M in August ‘06. Adjust upwards for condition (~$50K) and larger (and more usable) lot size (~$80K), this puts the value at $1.4M. The value is “seasonally adjusted” to be about 10% higher (for spring market), then the value would be closer to $1.5M! The “collective” will bunch up ~$1.35M. Desperate buyers will know to go higher just to leave the pack. If the property has over 10 offers, it’ll probably shake out over $1.43M. The new owner knew that they would have to overpay what most buyers are willing to pay. The amount of over payment is what most buyers would like to keep as low as possible. So, the most serious buyer should use the collective intelligence model to predict the lower end of the selling price, not actual. Personally, I hope it goes as high as possible since this sale would be a fabulous comp for mine!
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