Mon05022016

Business & Real Estate

Is Santa Claus coming to town?

Editor’s note: After announcing his retirement in October, longtime Town Crier columnist Clyde Noel, 94, is back in business. He plans to continue writing his “Taking Stock” column and contributing occasional feature stories.

One of my Rotary Club friends told me the other day, “I’m nearly 60 and scared to death of the market. With a possible rate hike and today’s global worries, it makes me want to sell all my stocks.”

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Transactions

Los Altos

513 Cherry Avenue, Gilbert Trust to P. & A. Chan for $3,150,000

1376 Fairway Drive, Reseck Trust to Pomykala Trust for $2,628,000

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So you think you can pick stocks?

A study by JPMorgan Chase & Co. found that investing in individual stocks is somewhat akin to investing in the lottery.

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Local luxury-home prices climb, but sales, inventory dip in October

Luxury-home prices in Silicon Valley continued to climb in October as buyers competed for the relatively few available properties on the market, according to a new report by Coldwell Banker Residential Brokerage, a specialist in high-end real estate sales.

The median sale price of a luxury property rose 7 percent in October from a year ago to $2.1 million. The jump represented a 10.6 percent increase from September’s median price. The figures are based on Multiple Listing Service data for all homes sold for more than $1.5 million in October in Santa Clara County.

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Downtown merchants stock up for holiday season shopping


Megan V. Winslow/ Town Crier
Ellen Biolsi, left, owns State Street’s Cranberry Scoop, which now features seasonal gifts and twinkling trees with ornaments. Biolsi said events like Small Business Saturday provide opportunities for local residents to support retail in their towns.

In downtown Los Altos, it’s beginning to look a lot like Christmas shopping.

Preceding post-Thanksgiving retail events, holiday gift buying commenced Nov. 13 with the Los Altos Village Association’s 13th annual Holiday Stroll.

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NAR economist: Silicon Valley is Florence of 'tech renaissance'

Economists impressed with Silicon Valley’s economic growth since the recession have described the region as “special,” and the National Association of Realtors’ chief economist had a particular comparison at a recent meeting.

“Silicon Valley is the Florence of the technology renaissance,” Lawrence Yun told members of the Silicon Valley Association of Realtors at their annual meeting, held in October at the Computer History Museum in Mountain View.

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Transactions

Los Altos/ Los Altos Hills

10495 Albertsworth Lane, Busch Trust to T. Boros for $2,528,000

996 Crooked Creek Drive, D. & J. Han to M. Sharangpani for $2,630,000

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