News Real Estate

Realtor.com Adds Climate Risk Factor Scores

SANTA CLARA — In the United States, 40.4% of homes, valued at $19.7 trillion, are at severe or extreme risk when it comes to heat, wind and air quality. To help consumers make more informed home buying and selling decisions, Realtor.com announces the launch of three new climate risk factor scores on its website including Heat Factor, Wind Factor, and […]

News Real Estate

Nudist Resort in Silicon Valley For Sale at $32.8 Million

LOS GATOS — Lupin Lodge, a historic naturist resort, nestled amidst the scenic hills of Los Gatos, is now for sale at $32.8 million. The property, encompassing 112 acres located just south of the Lexington Reservoir off Highway 17, is a unique gem in the heart of Silicon Valley. Founded during the Great Depression on the […]

News Real Estate

California Home Sales Drop, Prices Still Go Up

Persistently high mortgage rates continue to test California’s housing market as home sales fell for the fourth consecutive month in September, while the median price rose from the year-ago level for the third straight month to record its largest year-over-year gain in more than a year, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) Closed […]

Real Estate

$326,000 Income Needed to Buy House in Bay Area

Housing affordability in California slid to the lowest level in nearly 16 years as interest rates stayed above 6 percent for the third straight quarter and home prices remained elevated by a shortage of homes on the market, according to the California Association of Realtors (C.A.R.). Less than one in five (16 percent) home buyers could […]

News Real Estate

Median California Home Price Drops to $751,330

California home sales edged up in January for the second straight month, as interest rates continued to take a breather, but still remained below the 250,000-unit sales pace for the third straight month, according to the California Association of Realtors. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized […]

News Real Estate

Atherton Most Expensive Zip Code in the Country

For the third year in a row, 94027 in Atherton, CA, is the most expensive zip code in America in 2022 according to RealtyHop, with a median price of $9,000,000, increasing 0.56% from $8,950,000 in 2021. California has 59 of the most expensive zip codes, the most of any state. Los Angeles has the highest […]

News Real Estate

Median California Home Price Fell to $801,190

The median home price in California for the month of October dropped from the previous month to $801,190 according to the California Association of Realtors. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 274,040 in October, according to information collected by C.A.R. from more than 90 […]

Real Estate

California Median Home Price $833,910 in July

Housing demand in California cooled further in July as the effects of rising interest rates and high home prices hit would-be homebuyers, dragging home sales below the annualized 300,000 benchmark level for the first time since May 2020, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.). July’s statewide median home price was $833,910 down 3.5% percent […]

News Real Estate

California Home Sales Drop in June

California’s housing market continued to downshift in June as housing demand cooled further to levels not seen in the past two years and logged its biggest dip since May 2020, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 344,970 in June, according to […]

Real Estate

Former NetApp Headquarters Sold

SUNNYVALE — Real estate firm Tishman Speyer announced the sale of the former NetApp headquarters campus in California to CommonWealth Partners, a national commercial real estate developer, investor and operator. The property sold for a reported $707 million. Tishman Speyer acquired the campus, located on Crossman Drive in the desirable Moffett Park neighborhood, from NetApp in April 2021 for $356 million. […]

Real Estate

Luxury Home Sales Drop 17.8 Percent

Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the onset of the coronavirus pandemic sent shockwaves through the housing market. By comparison, sales of non luxury homes fell 5.4%. That’s according to an analysis of luxury real estate trends from real estate brokerage […]

News Real Estate

Median U.S. Home Price Hits $447,000

SANTA CLARA — Housing inventory in the U.S. recorded the first year-over-year increase since June 2019, according to the Realtor.com Monthly Housing Trends Report released today. The median national home price also soared to an all-time high of $447,000 and buyers snatched up listings a week faster than last year. “Among key factors fueling the inventory comeback are […]