Thu04242014

Business & Real Estate

Transactions

Los Altos

360 Apricot Lane, Griffin Trust to M. Zachary for $1,905,000

241 Biarritz Circle, Orsak Trust to H. Hwang for $2,425,000

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Distressed housing market continues to shrink

The share of distressed home sales in California is just a fraction of what it was during the recession because of the acceleration of home prices, according to the California Association of Realtors.

Of the reporting counties, Santa Clara is currently among those with the lowest share of distressed sales in the state.

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Remodeling: An investment worth making

A recent industry report concluded that remodeling could lead to high returns for those planning to sell their homes.

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Transactions

Los Altos

680 Riverside Drive, Wallace Trust to N. Siamwalla for $2,227,000

1095 Russell Avenue, D. & P. Bajpai to N. Sachdev for $2,500,000

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County home prices continue to rebound

Home prices in Santa Clara County continue to recover from the recession, according to MLSListings statistics.

The average sale price of single-family homes increased nearly 12 percent and the average condominium price 14.36 percent year-over-year in February.

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Realtor program seeks to assist seniors May 5-9

Seniors and the homebound residing on the Peninsula and in the South Bay may request free assistance with household tasks through the Realtor Service Volunteer Program (RSVP), scheduled the week of May 5-9.

Realtors and affiliates from the Silicon Valley Association of Realtors and neighboring realtor associations offer RSVP annually to qualified seniors who cannot perform certain household tasks due to physical or financial constraints. The deadline for seniors to apply for assistance is Saturday.

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Transactions

Los Altos

101 2nd Street #10, P. Wood to S. Fong for $890,000

38 3rd Street #106, Aasen Trust to S. & M. Firme for $805,000

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