Fri11212014

Business & Real Estate

Transactions

Los Altos

385 Anita Avenue, V. & C. Sarkissian to Peruri Trust for $1,950,000

594 Avon Way, Nash Trust to Zhu & Xia Trust for $2,602,000

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Transactions

Los Altos

766 Arroyo Road, Conn Trust to K. & M. Kozo for $2,411,000

170 Frederick Court, C. Pfister to H. Hou for $2,413,500

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Report shows luxury home sales up 21 percent

Silicon Valley’s luxury housing market remained hot in September, with sales climbing 21 percent over the same month last year and median prices edging higher, according to a monthly report by Coldwell Banker Residential Brokerage.

The report’s figures are based on Multiple Listing Service data of all homes sold in September for more than $1.5 million in Santa Clara County. A total of 159 luxury homes sold in September, up from 131 sales in September 2013. September sales were lower than August’s 185 transactions – which real estate officials attributed to common seasonal declines from August to September.

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Survey: Millennials value homeownership

Millennials value homeownership but believe that it might take longer before they buy a home, according to a California Association of Realtors survey.

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Transactions

Los Altos

2049 El Sereno Avenue, J. Tong to W. Tong for $1,600,000

1453 Lloyd Way, Z. Sun to M. Stattler for $1,500,000

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MLS reports sharp median price increases

Large swings in median price and closed sales appear to characterize most of the housing markets in Silicon Valley over the past year, according to the latest MLS report.

Month-to-month activity is leaning toward a more moderate market with a strong demand, officials reported.

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Local realtors scare up money for charity


Photo courtesy of SILVAR
Realtors Gary Campi and Jordan Legge, from left, joined Nancy Domich, SILVAR President Dave Tonna and Joe Brown to raise funds for the Silicon Valley Realtors Charitable Foundation.

Los Altos and Mountain View realtors raised $4,650 Oct. 17 for the Silicon Valley Realtors Charitable Foundation during its second annual pumpkin auction.

The foundation offers grants for individuals and organizations, including scholarships for graduating high school seniors, funded by donations from realtors, affiliate members and friends.

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