Wed12172014

Business & Real Estate

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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Transactions

Los Altos

1260 Carmel Terrace, Kapany Trust to R. & E. Guy for $3,800,000

430 Lassen Street No. 1, Gullickson Trust to M. Selden for $1,280,000

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Transactions

Los Altos

54 Citation Drive, B. & S. McKibben to Clifton Trust for $1,320,000

1536 Country Club Drive, McCarver Trust to Dempsey Trust for $5,500,000

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Realtors share safety tips with sellers

Many hearts in the realtor community remain heavy as they mourn the recent loss of one of their own.

Arkansas real estate agent Beverly Carter was found dead a few days after she went missing following a home showing. A suspect in Carter’s disappearance who admitted to her kidnapping has been arrested.

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Transactions

Los Altos

872 Clinton Road, Chesnut Trust to Y. Zhang for $1,908,000

15 Deep Well Lane, Tierney Trust to Kendall Trust for $2,300,000

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The importance of walking through the real estate buying process

The proliferation of information about real estate on the Internet is staggering. In fact, research shows that most buyers today go to the Web first in their search for a home.

A realtor still brings value to the transaction. Real estate websites may be able to give buyers basic information on homes for sale, but they cannot replace the knowledge, expertise and insight that the realtor can give a buyer.

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