Sun02012015

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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Corporate earnings drive up market

U.S. corporate earnings continue to beat expectations as Wall Street stocks climbed more than 1 percent last week.

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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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New shop offers haute couture for girls


Ellie Van Houtte/Town Crier
The Girls @ Los Altos at 239 State St. offers clothing lines such as Nellystella as well as toys and other items for girls.

Cecilia Chen opened The Girls @ Los Altos as a tribute to the party dress. Whether it’s for a birthday party, a role as flower girl or a concert performance, Bay Area girls like her daughter like to dress up – and Chen saw a lack of comfortable places for young girls to try on fancy clothing in a cozy setting.

Chen built a “kids’ corner” in her shop at 239 State St. with sofas, bookshelves and toys for young people to kick back and relax. A big wooden toy house set up as a playspace sits along one wall.

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Market volatility works both ways

Volatility in the stock market can be scary, especially on the downside we experienced last week. But when the market trends upward – as it did Friday by more than 300 points – it’s easier to keep a level head amid the turmoil.

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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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