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Burlingame REALTOR® Mary Ann Teixeira says Current Real Estate Market in …

Fri, 01 Mar 2013 13:22:23 +0000

Burlingame, CA (PRWEB) February 28, 2013

According to the San Mateo Association of Realtors, in January of 2012 there were 1,172 single family homes on market in San Mateo County as compared to January of 2013 there were only 545. This shows that the market has significantly shifted from a buyers market towards a sellers market including a jump in average sales price of 20% for San Mateo County.

“For the past several months I have experienced buyers confronted with multiple offers resulting in homes selling for substantially over listing price.” says Teixeira. “I really feel that the strength of silicon valley and the increase in jobs growth and stability is what we’re seeing reflected in the boost in the mid-peninsula housing market.”

This trend is shown nationally in the SP/Case Shiller composite index’s numbers of their metropolitan survey of 20 cities that show the largest improvement in residential home prices in December since July of 2006 as well as a significant and moral boosting increase in consumer confidence.

For additional information about the Bay Area real estate or San Francisco Bay Area Peninsula real estate and relocation, call Mary Ann Teixeira at (650) 241-0318, or visit her website at http://www.maryannt.com.

About Mary Ann Teixeira

Mary Ann Teixeira is a licensed REALTOR with McGuire Real Estate in Burlingame, California who specializes in relocation services, homes for sale and luxury homes. She is a seasoned buyer’s agent who serves the San Francisco Bay Area Peninsula communities of Atherton, Burlingame, Cupertino, Hillsborough, Los Altos, Los Altos Hills, Los Gatos, Menlo Park, Mountain View, Palo Alto, Portola Valley, Redwood City, San Carlos, San Jose, San Mateo, Santa Clara and Woodside.

Read the full story at http://www.prweb.com/releases/2013/2/prweb10486539.htm

Article source: http://www.digitaljournal.com/pr/1101611

Silicon Valley real estate stunner: Woodside estate sells for $117.5 million – Tri

Sat, 26 Jan 2013 14:34:11 +0000

WOODSIDE — A legendary investor’s sprawling estate here has sold for $117.5 million, one of the highest prices ever for a residential property in the U.S.

The sale price eclipses the previous Silicon Valley record of $100 million paid for a Los Altos Hills mansion by Russian investor Yuri Milner in 2011 and comes amid a red-hot market for luxury home sales in Silicon Valley and the Peninsula.

The private sale was closed in November between the owner, private equity investor Tully M. Friedman, and an undisclosed buyer represented by SV Projects, according to public records.

And illustrating the steps the parties took to keep it quiet, the documentary transfer tax of $129,250 was written in pencil in a black, three-ring binder marked “Separate Tax Statement” that is kept behind a clerk’s desk at the San Mateo County Assessor-Clerk-Recorder’s Office in Redwood City. The county allows people filing deeds to request that the tax appear on a separate document. A member of the public who wants to see the tax must go to the office and ask for the binder.

The Woodside mansion on Mountain Home Road is in a neighborhood populated by Silicon Valley power brokers like Larry Ellison, whose home is less than a mile away. Even modest houses are commanding prices of more than $1 million in nearby communities that are closer to the Facebooks and Googles of the valley.

“There’s

enormous pressure on housing between San Carlos and Cupertino,” said Wendy McPherson, who manages Coldwell Banker’s Woodside, Portola Valley and Menlo Park offices. “You cannot buy anything in Menlo Park for less than $1 million.”

In Atherton, the number of days to sell a home has dropped 72 percent in the past 24 months, she said, and there are 25 new homes being built there by developers.

The estate that sold in Woodside is a neoclassical structure that was designed by Virginia architect Allan Greenberg. His website describes it as “sitting in an elaborate hilltop garden” and “reflecting the strong Palladian tradition in the United States.” The main structure is connected to wings via structures known as “hyphens” in architecture. The home also features a large, elliptical garden room, a pool and a 1,117-square-foot colonnaded pool house overlooking wooded hills.

Woodside planning records show the town approved construction in January 2001 of a 7,500-square-foot main residence with a 3,245-square-foot basement, and an underground four-car garage. There was also a 780-square-foot detached library and a 715-square-foot “retreat” building. A tennis court, extensive landscaping and the relocation of an existing two-story caretaker’s cottage were also planned.

Friedman could not be reached for comment. A founding partner of Hellman Friedman, a San Francisco private investment firm, Friedman now is chief executive officer of Friedman, Fleischer and Lowe, a private equity firm in San Francisco.

A Stanford University undergraduate and Harvard Law School graduate, Friedman is a past president of the San Francisco Opera Association and is a director of the Telluride Foundation.

The sale comes as Silicon Valley luxury home sales surged 54 percent in December, according to residential brokerage Coldwell Banker, which sources said represented the buyer. The company had no comment.

A total of 113 homes sold for more than $1.5 million in December, up from 73 the previous year, according to Coldwell Banker. The median sale price that month was just over $2 million. A 3,200-square-foot home in Palo Alto sold for $6.75 million.

The sale was first disclosed by the website SFLuxe, which said it was the second highest price ever paid for a home in the U.S. But the higher price was for a 124,000-acre ranch and farm in Montana with 5,000 head of cattle.

Contact Pete Carey at 408-920-5419 Follow him on Twitter.com/petecarey.

Article source: http://www.insidebayarea.com/breaking-news/ci_22453823/silicon-valley-real-estate-stunner-woodside-estate-sells

McGuire Real Estate Proudly Welcomes Dave Hobson as the VP, Sales Manager of …

Fri, 23 Mar 2012 04:35:05 +0000

SAN FRANCISCO, CA–(Marketwire – Mar 20, 2012) – Dave Hobson, former director and regional chair for the California Association of REALTORS® (CAR), joins McGuire Real Estate’s Peninsula team as the Vice President, Sales Manager of its Burlingame office.

Dave has more than 15 years of experience in real estate management and over 20 years in real estate sales. He’s a lifelong resident of Palo Alto, Atherton, and Menlo Park; he learned the local business at an early age through his family’s real estate company.

Dave thoroughly understands what it takes to buy and sell Peninsula real estate, and has built a long career in marketing and sales of fine properties across his area. After a successful sales career at Grubb Ellis and Fox Carskadon, Dave stepped into the companies’ management positions, and most recently served as the Branch Manager for Coldwell Banker, Menlo Park from 2000-2010.

“With over 30 years of industry experience, Dave brings a wealth of knowledge with him and is a great asset to McGuire,” said President/CEO, Charles E. Moore. “We’re very excited to have him lead our Burlingame office and team of agents on the Peninsula.”

Dave has overseen the details of nearly 5,000 listing and sales transactions throughout his management career; he provides extensive training, mentoring, coaching, and continuing education for his agents. He relies on his personal negotiation skills — critical to successful transactions — to assist agents in closing sales in a very competitive, complex and high-profile marketplace.

Dave is the former president of the Silicon Valley Association of Realtors and represents buyers and sellers in: Atherton, Menlo Park, Palo Alto, Portola Valley, and Woodside.

ABOUT MCGUIRE REAL ESTATE
McGuire Real Estate has been an integral part of the San Francisco Bay Area real estate scene for more than 90 years. A mid-sized, regional boutique, McGuire specializes in luxury real estate but upholds the highest standards of service to properties in every price range, area, and to every client. Its customer first philosophy and local focus continues to be the proven winning formula as a Bay Area real estate leader. McGuire’s affiliation with Luxury Portfolio — an exclusive network of luxury properties worldwide, and its parent organization Leading Real Estate Companies of the World, the largest global real estate network in the industry — successfully connects its clients and agents to a worldwide marketplace. McGuire operates three offices in San Francisco, a Marin office in Mill Valley, one in Burlingame serving the Peninsula, two in the East Bay.

To learn more about McGuire Real Estate, contact us at clientcare@mcguire.com, 1-800-4-RESULT, or visit www.mcguire.com. “Like” our Facebook Page and follow @mcguire_re for all things Bay Area real estate related.

Article source: http://www.marketwire.com/press-release/mcguire-real-estate-proudly-welcomes-dave-hobson-as-vp-sales-manager-its-burlingame-1634158.htm

McGuire Real Estate Proudly Welcomes Dave Hobson as the VP, Sales Manager of …

Wed, 21 Mar 2012 16:26:30 +0000

SAN FRANCISCO, CA, Mar 20, 2012 (MARKETWIRE via COMTEX) –
Dave Hobson, former director and regional chair for the California
Association of REALTORS(R) (CAR), joins McGuire Real Estate’s
Peninsula team as the Vice President, Sales Manager of its Burlingame
office.

Dave has more than 15 years of experience in real estate management
and over 20 years in real estate sales. He’s a lifelong resident of
Palo Alto, Atherton, and Menlo Park; he learned the local business at
an early age through his family’s real estate company.

Dave thoroughly understands what it takes to buy and sell Peninsula
real estate, and has built a long career in marketing and sales of
fine properties across his area. After a successful sales career at
Grubb Ellis and Fox Carskadon, Dave stepped into the companies’
management positions, and most recently served as the Branch Manager
for Coldwell Banker, Menlo Park from 2000-2010.

“With over 30 years of industry experience, Dave brings a wealth of
knowledge with him and is a great asset to McGuire,” said
President/CEO, Charles E. Moore. “We’re very excited to have him lead
our Burlingame office and team of agents on the Peninsula.”

Dave has overseen the details of nearly 5,000 listing and sales
transactions throughout his management career; he provides extensive
training, mentoring, coaching, and continuing education for his
agents. He relies on his personal negotiation skills — critical to
successful transactions — to assist agents in closing sales in a
very competitive, complex and high-profile marketplace.

Dave is the former president of the Silicon Valley Association of
Realtors and represents buyers and sellers in: Atherton, Menlo Park,
Palo Alto, Portola Valley, and Woodside.

ABOUT MCGUIRE REAL ESTATE
McGuire Real Estate has been an integral
part of the San Francisco Bay Area real estate scene for more than 90
years. A mid-sized, regional boutique, McGuire specializes in luxury
real estate but upholds the highest standards of service to
properties in every price range, area, and to every client. Its
customer first philosophy and local focus continues to be the proven
winning formula as a Bay Area real estate leader. McGuire’s
affiliation with Luxury Portfolio — an exclusive network of luxury
properties worldwide, and its parent organization Leading Real Estate
Companies of the World, the largest global real estate network in the
industry — successfully connects its clients and agents to a
worldwide marketplace. McGuire operates three offices in San
Francisco, a Marin office in Mill Valley, one in Burlingame serving
the Peninsula, two in the East Bay.

To learn more about McGuire Real Estate, contact us at
clientcare@mcguire.com, 1-800-4-RESULT, or visit
www.mcguire.com .
“Like” our Facebook Page and follow @mcguire_re for all things Bay
Area real estate related.

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SOURCE: McGuire Real Estate

Article source: http://www.marketwatch.com/story/mcguire-real-estate-proudly-welcomes-dave-hobson-as-the-vp-sales-manager-of-its-burlingame-office-2012-03-20

Estimated $100 Million Home Sale Places Spotlight on Real Estate in Los Altos …

Sun, 03 Apr 2011 23:22:50 +0000

Last week’s report of the record-setting real estate deal between a Silicon Valley bigwig and a Russian billionaire for an estimated $100 million in Los Altos Hills has put the 9,000 population town in the national headlines.

It also surprised many who live in the area. Los Altos Hills has been proud of its rural, easy-going roots, which has been in transition with the influx of more monied residents. As much as we know the value of our neighborhoods, a $100 million-dollar home exceeds the imagination of most, since it’s pegged as the most expensive single family home sale in America.

What does that look like? The architect who originally designed the home for Fred Chan and his wife, Annie, told the Wall Street Journal that there was “no budget” for the 18th century French chateau-inspired mansion, that includes tennis courts, indoor and outdoor swimming pools, wine cellar and ballroom, taking up a tidy 25,000 square feet.

Los Altos Hills is one of the wealthiest towns in America. Yet “home compounds” in the 20,000-square-foot range are rare enough that the handful that have been built have raised eyebrows, and caused civic concern that the town could end up with “white elephants” in the future.

In reality, homes in Los Altos Hills are much more modest than the $100 million that the Journal reported was paid by Russian investor Yuri Milner, founder of Digital Sky Technologies. Of course, to 99.9% of Americans, there is nothing modest about owning a $2.2 million home, which was the median home price of Los Altos Hills in February. Much of the action in very high-end luxury properties, however, is generally acknowledged to take place in communities such as Portola Valley or Atherton.

Between $2.2 and $100 million, where do the values of most Los Altos Hills homes fall? To satisfy my own—and maybe your—curiosity, I pulled from the MLS the ten-most expensive homes that were sold in Los Altos Hills since 2000.

There’s one important caveat. They aren’t likely to actually be the most expensive homes sold. That’s the thing to remember about homes selling in the highest strata: The sales price is usually nowhere to be found on the MLS, the multiple listings service in which most real estate brokers participate.

These types of home sales are made “off market,” when an agent representing a seller makes it known to his or her network that a property is for sale, and buyers who want discretion also rely on a representative to find an appropriate property through networks. But here’s some perspective: In Los Altos Hills and Los Altos, high off-market sales prices talked about have been in the $25-or-30-million range.

Through bypassing the MLS, the agreed-upon sales price never appears on a publicly visible database. Once the sale is made, don’t expect to find the sales price reflected on the deed at the county recorder’s office, either.

“It’s called California Revenue and Taxation Code 11932,” said Vic Sharma, the head of the Santa Clara County Recording division. Colloquially, in the Recorder’s office, it’s known as “a confidential,” a request to keep the transfer tax amount off the deed, and thus obviate the ability to calculate the sales price from the tax.

Anyone can request a confidential, Sharma said, and has been able to since 1959. You needn’t be a billionaire foreign investor or Donald Trump. If you don’t want people to know how much you paid for your one-bedroom condo next to the landfill, you have as much access to a confidential as Yuri Milner does.

The tax, of course, is recorded by the county—which needs to get paid—but once it’s logged in, an employee in the Recorder’s office can’t see it nor retrieve it. “I’m not interested, no—it’s not my money,” Sharma said.

“There’s a lot of speculation on the price, and that’s all I can say.”

So here are the top ten highest sales prices paid for Los Altos Hills properties, with the usual MLS admonition that the information is deemed reliable but not guaranteed. Remember that the highest visible price of a home sold in Los Altos Hills can easily be lower than that of a non-public, off-market sale in Los Altos:

1. 13902 Campo Vista Ln – Sold for $14.8 million (2007)

Topping the list is a 6.89 acre property with views of the Bay and the mountains around. The house sitting on the lot has only two bedrooms with 2000 sf. Obviously, the value was in the land.

2. 25751 Elena Rd. – Sold for $12 million (2006)

This newly constructed Mediterranean estate, sitting on a two-acre lot, has six bedrooms and eight and a half baths with 12,000 square feet of living space. Other amenities include a game room, an exercise room, a wine cellar, a pool, and a detached cabana with its own kitchen.

3. 25810 Vinedo Ln – Sold for $12 million (2005)

This four-acre private gated estate has five bedroom and eight baths with a stunning formal entry, a designer’s kitchen, two offices, a home theatre, and an exercise room. Besides over 12000 sf of living space, it has its own vineyard inside the estate. (This home is currently for sale at $14,995,000.)

4. 12775 Viscaino Rd – Sold for $12.7 million (2004)

This 7,000+ square-foot home sits on a 2.36 acre lot with six bedrooms and seven baths. Additional features include a guest house, a tennis court, a pool and a pool house.

5. 12638 La Cresta Ct – Sold for $12 million (2000)

This private gated estate is located on a cul-da-sac lot. The home has five bedrooms and four and a half baths with over 4,800 square feet of living space.

6. 10285 Magdalena Rd – Sold for $11 million (2008)

A gated Mediterranean estate with views of the Bay and city lights, this property has seven bedrooms and nine and a half baths. Other dramatic features include a wine cellar, an infinity pool and a cabana.

7. 26000 Alicante Ln – Sold for $10 million (2000)

This 4,000+ square-foot property sits on an acre plus level lot close to town. It has four bedrooms and three baths, and a tennis court and a pool.

8. 13815 Barton Ct – Sold for $9.95 million (2009)

This gated Tuscan retreat, sitting on an acre-plus lot not too far from the village, was built in 2007. The three-level home has a basement with elevator and handicap access. With over 7,000 square feet of living space, it has five bedrooms and six baths.

9. 27241 Altamont Rd – Sold for $9.5 million (2000)

This six acre plus estate, with magnificent bay views, has over 6000 sf of living space with six bedrooms and four baths.

10. 13350 Country Wy – Sold for $9.1 million (2000)

This 2.4 acre estate boosts magnificent views of the wooded hill. The home has five bedrooms with three and a half baths with close to 6,000 square feet of living space.

Los Altos Patch editor L.A. Chung contributed to this report

Article source: http://losaltos.patch.com/articles/estimated-100-million-home-sale-places-spotlight-on-real-estate-in-los-altos-hills

Burlingame REALTOR® Mary Ann Teixeira Shows Clients Bay Area Benefits and …

Thu, 31 Mar 2011 20:07:40 +0000

Burlingame REALTOR® Mary Ann Teixeira says that a great reason to live on the Peninsula is the multitude of opportunities homeowners have to learn and grow. Opportunities including the 2011 SF Flower and Garden show that took place March 23-27th in San Mateo.

Burlingame, CA (Vocus/PRWEB) March 30, 2011

While looking for a new home in the Peninsula area it’s important to look beyond just your neighborhood to the cultural and event centers as well, says Mary Ann Teixeira. As a Bay Area REALTOR® and resident Teixeira stays up-to-date and in touch with the plethora of events that take place across the Peninsula.

“People just moving to the area are not always fully aware of the activities that can enrich their lives and expand their cultural awareness. I like to be sure my clients are as informed as possible about all aspects of their relocation especially the opportunities that let them explore the outdoors – like the SF Flower and Garden Show,” said Teixeira.

The 2011 SF Flower Garden Show was held March 23-27th at the San Mateo Event Center. It’s known for bringing the best in gardening, outdoor living, design, and cooking together into a large hands-on event the whole family can enjoy.

For additional information about reasons to use a Bay Area real estate agent or San Francisco Bay Area Peninsula real estate and relocation, call Mary Ann Teixeira at (650) 241-0318, or visit her website at www.maryannt.com.

About Mary Ann Teixeira Mary Ann Teixeira is a licensed REALTOR® with McGuire Real Estate in Burlingame, California who specializes in relocation services, homes for sale, and luxury homes. She is a seasoned buyer’s agent who serves the San Francisco Bay Area Peninsula communities of Atherton, Burlingame, Cupertino, Hillsborough, Los Altos, Los Altos Hills, Los Gatos, Menlo Park, Mountain View, Palo Alto, Portola Valley, Redwood City, San Carlos, San Jose, San Mateo, Santa Clara, and Woodside

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For the original version on PRWeb visit: www.prweb.com/releases/prwebreal-estate/Burlingame/prweb8247667.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/03/30/prweb8247667.DTL