Velasco Chronicle & Buzz |
August 2019
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We hope you and your loved ones are well and
you're enjoying your summer.
We would like to introduce our newsletter,
Velasco Chronicle & Buzz
Unlike most newsletters we wanted to keep ours fun!
Our newsletter first section is,
Whats Happening in the Bay Area
which features two events per county, San Francisco, San Mateo and Santa Clara. We will also feature, Compass Market Reports from Patrick Carlisle, Compass Chief Market Analyst, our
Coming Soon Listings with first weekend open house dates and/or Twilight Tour dates and last but not least
a
Unique Home Sale and Video of the Week.
We hope the events we share are to your interest, and find the market trends reports insightful. We look forward to seeing you at a future Open House or Twilight Tour.
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Joe Velasco | Viridiana Velasco
Marylou Lopez | Elena Licari | Casey Nguyen
Ally Foster | Yasmin Soto
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What's Happening
Around the Bay Area
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SF Outside Lands | Treasure Island
Friday - Sunday | August 9 - 11
Follow the sound of music through Golden Gate Park to discover Outside Lands – a celebration of everything we love about the Bay Area.
It’s a party for all five senses, combining an eclectic lineup with world class art, food, wine and more. As it evolves with groundbreaking experiences like Grass Lands and mind-expanding talks at D.A.V.E, Outside Lands continues to shine as a festival that’s totally original and 100% San Francisco.
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Glamping at Slide Ranch | Muir Beach
Saturday & Sunday | Aug 10 & 11
Spend the night under the stars over looking the Pacific Ocean in a luxuriously outfitted tents! Enjoy your outdoor oasis fully furnished and styled with rugs, one or two full-size beds, high-quality linens, decorative pillows and a nightstand.
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Santa Clara County Fair | San Jose
Thursday - Sunday | August 1 - 4
Located in the heart of Silicon Valley.
The 75th Santa Clara County Fair is a celebration of both the past and present community and culture. This years Fair is going to be a great time with exciting new features.
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Cars & Croissants | Santana Row
Sunday | August 25 | 9:00 - 12:00 pm
Santana Row partners with 100|OCT to present Cars & Croissants on The Row a part of the 100|OCT Festivals a bi-monthly gathering for exotic car owners and enthusiasts. Exotic car owners are invited to park on Santana Row, display their cars and mingle with other enthusiasts.
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Central Park Music Series | San Mateo
August 1, 8 & 15 | 6 - 8 PM
Welcome to the City of San Mateo’s signature summer event: The Central Park Music Series! This event hosts FREE live music on Thursdays from June 20th through August 15th from 6-8pm in Central Park. Whether you are looking to socialize with friends, get some much needed family time, or dance the night away, you'll have a great time!
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Take a Hike Wunderlich Park | Woodside
August 3 | 9 - 11 AM
Join Kaiser Permanente physicians along with park rangers and docents on a monthly hike that combines exercise and information about park features and natural history. Hear a short health talk from KP physicians, receive stretching tips, and take a hike through nature at our County Parks.
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Real Estate Market Reports
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Santa Clara County saw a rebound in buyer demand, luxury home sales and in median home sales prices in Q2, assisted by stock markets hitting new peaks and interest rates falling to multi-year lows. However, its market remains distinctly cooler than the feverishly over-heated period running from late 2017 through mid-2018 - when it was perhaps the hottest metro market in the country, seeing stupendous year-over-year appreciation rates.
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San Mateo County:
San Mateo County real estate saw a strong Q2 market, though, generally speaking, not quite as competitive as the white-hot market in the first half of 2018. The median house sales price bounced back up to slightly exceed the previous peak in Q2 2018, and thus return to positive year-over-year appreciation after the small decline in Q1 2019.
The luxury home market was very strong - the stand out segment - surging to dramatic new highs in sales volumes this spring, mirroring a similar dynamic in San Francisco.
The market typically begins to slow down for summer after the spring selling season ends, though homes certainly continue to sell.
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San Francisco County
After 2 quarters of no or negative year-over-year home price appreciation, a confluence of positive economic factors sent San Francisco median home sales prices to new peaks in Q2. On a quarterly basis, the median house sales price hit $1,700,000 - $80,000 above the previous peak in Q2 2018 - powered by a monthly high of $1,770,000 achieved in June. For condos, the new quarterly median price peak was $1,250,00 - slightly above last year's $1,235,000 - fueled by a new monthly high of $1,300,000 in June.
The market typically slows down significantly in San Francisco for the summer holidays through August before picking up again in September for a busy, though relatively short autumn selling season running through mid-November.
Click Here for a full detailed report.
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338 Harvard Common, Fremont
6 Beds | 6 Baths | 5,456 SF | 8,966 SF Lot
Detached Guest House 1 Bed | 1 Bath
Open House August 3 | 12:00 - 4:30 PM
Tour this beautiful, recently updated Heritage Lane Home with live music, gourmet bites and test drive a Tesla electric car.
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12385 Parker Ranch Road, Saratoga
4 Beds | 3.5 Baths | 4,686 SF | 2.36 Acres
August 7 | 1:00 - 4:00 PM
Enjoy the best of Saratoga wines while touring this magnificent home
Open House August 10 & 11 | 2 - 4 PM
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485 East McKinley Avenue Sunnyvale
Offered at $1,799,000
3 Beds | 2.5 Baths | 1,550 SF | 2,947 SF Lot
Save the Date | Twilight
August 14 | 4:30 - 7:30 PM
Open House Saturday & Sunday
August 17 & 18 | 1 - 4 PM
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487 East McKinley Avenue Sunnyvale
Offered at $2,299,000
4 Beds | 3 Baths | 2,026 SF | 4,553 SF Lot
Save the Date | Twilight
August 14 | 4:30 - 7:30 PM
August 17 & 18 | 1 - 4 PM
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351 San Antonio Road, Palo Alto
4 Beds | 4.5 Baths | 2,622 SF | 9,334 Lot
August 24 & 25 |
1 - 4 PM
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28 Fulton Street, Redwood City
$3,199,000
3 Beds | 2.5 Baths | 2,700 SF | 9,104 Lot
Guest House 1 Bed | 1 Bath
Mega Open House Saturday with Jazz
August 10 & 11 | 2 - 4 PM
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Joe Montana Lists His Tuscan-Style
Napa Estate for $29 Million
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Football legend Joe Montana is hoping to score a touchdown on the sale of his spectacular Tuscan-style villa, set in 500 acres of California’s Napa Valley wine country. Read the full article here.
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3023 Higgings Place, Palo Alto 94303
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© Compass 2019 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.
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