Tue07072015

Business & Real Estate

International homebuyer interest strong in state

Special to the Town Crier

Despite rising home prices and the appreciation of the U.S. dollar, California continued to be a destination spot for international buyers in 2014.

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Transactions

Los Altos

100 First Street No. 208, Los Altos Limited to Singh Trust for $897,500

1943 Annette Lane, Frederickson Trust to Gibeau Trust for $2,775,000

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Local housing outlook stays positive

With a strong December jobs report, an improving gross domestic product and a strong dollar, it is very likely the U.S. will continue to see foreign buyers and investors this year, according to Bay Area real estate expert Carole Rodoni.

The Bay Area, in particular, is a “spectacular housing market,” Rodoni said.

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Transactions

Los Altos

660 Giralda Drive, Black Trust to H. Zhong for $2,600,000

1890 Newcastle Drive, Frey Trust to W. & W. Chen for $2,050,000

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Transactions

Los Altos

1621 Kingston Court, Li Trust to Y. Kim for $2,250,000

624 Loyola Drive, K. Washington to P. He for $2,398,500

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Transactions

Los Altos/Los Altos Hills

1621 Kingston Court, Li Trust to Y. Kim for $2,250,000

624 Loyola Drive, K. Washington to P. He for $2,398,500

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Transactions

Los Altos

471 Border Hill Road, Rado Trust to K. McHugh for $3,625,000

1140 Border Road, Liao-Lai Trust to K. Dayal for $2,550,000

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