Bay Area Community June Newsletter, Summer Is Here!

As a local real estate resource I enjoy providing my thoughts with what is happening in the Bay Area. I have 2 listings coming on the market over the next 2 months. (more information below). I also had a wonderful trip to Taiwan meeting with the government and local businesses including TSMC, and Formosa Plastics. If you or anyone you know ever considered to visit Taipei, Taiwan, happy to share with you an itinerary to help with your planning! Now let's get back to the local market!

How is the market doing? 

May was a record breaking month. You can see below that average residential prices have hit close to $2M in San Mateo County. Average days on market have dropped to 20 days. June seems to have calmed down a bit with prices declining slightly.

Mortgage rates continue to decline. Mortgage rates dropped 0.3% since one month ago. Many of my buyers are getting 30 year fixed rates for under 3.5% now. This is an incredible time to see what you may qualify and refinance if you already have a home. Reach out to me if you need lending recommendations as I know great providers.

China-US Trade Wars & Big Tech breakup?

The stock market declined in mid-May partly due to the increasing tension between China-US talks. Nevertheless, the stock market seemed to have recovered quickly beginning in early June. There has also been talks about Big Tech being broken up. Talking with employees at Facebook and Google, they don't seem too concerned at this time. It'll be interesting to see if this is driven politically or something more.

Upcoming Listings

2713 Sequoia Way Belmont CA 94002 | 3 Beds | 3 Baths | 1,990 sq ft Single Family Home -- Target on the market mid July

2306 Avenida de Guadalupe, Santa Clara 95054 | 3 Beds | 2 Baths | 1,245 sq ft Townhome -- On the market mid August

Small Business Spotlight #6

I run a small business spotlight series promoting the great businesses in our communities. For the month of June, I'm delighted to showcase one of my favorite gelato spots in the Bay Area. Here you can find artisanal Italian gelato mixed with farm-fresh foods of California. Check out their delicious gelato here! (https://www.youtube.com/watch?v=abHcfO-xHsA)

Gelatiao

121 Lytton Ave

Palo Alto, CA 94301

4.5 stars on Yelp

https://www.yelp.com/biz/gelataio-palo-alto-3

Upcoming local events that I am hosting

7/11/19 - Homebuyer Seminar Tired of Renting?  Sign up here

7/24/19 - ADU Hands on workshop (Palo Alto) Sign up here

If you or anyone you know is considering to buy, sell, or invest in Bay Area real estate, let's have a conversation!