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Wine Country Modern Real Estate Joins Established San Francisco Bay Area …

Fri, 22 Mar 2013 17:55:44 +0000

Wine Country Modern joins the Marin Modern Real Estate Family.

I’m excited to introduce our newest effort in filling the needs of our residential real estate clients in the North Bay.

San Rafael, CA (PRWEB) March 14, 2013

Marin Modern Real Estate, a premier brokerage in the San Francisco Bay Area, is pleased to announce the launch of its newest affiliate, Wine Country Modern Real Estate.

Launched on March 14, 2013, Wine Country Modern Real Estate is the newest member of the Marin Modern Real Estate family. As a full service residential real estate brokerage specializing in modern and architectural properties, Wine Country Modern fills a need for Modern homebuyers and sellers in Napa and Sonoma County and is pleased to introduce their new website: http://www.winecountrymodern.com

Established by Renee Adelmann, founder of Marin Modern, San Francisco Modern, and East Bay Modern Real Estate; Wine Country Modern Real Estate expands the company’s ability to best serve the needs of today’s modern real estate market. With a focus on modern architecture, Wine Country Modern has the resources to fill the needs of both buyers and sellers of all residential properties throughout Napa and Sonoma County.

Asked about the launch of Marin Modern’s newest family member, Renee Adelmann commented, “I’m excited to introduce our newest effort in filling the needs of our clients in the North Bay. I am often asked about the availability of properties and homes for sale in the wine country, and expanding our company into Napa and Sonoma Counties seemed like a logical step – and one that will bring value to our clients.”

Wine Country Modern’s website includes in-depth information about towns in Napa and Sonoma County, guidance specifically geared towards buyers and sellers, information on modern homes and hobby vineyards, and a list of scheduled open houses in the Napa/Sonoma wine country – as well as details about all homes and residential properties for sale in Sonoma and Napa County.

To learn more about our expanding family of real estate companies visit us online at Wine Country Modern Real Estate, Marin Modern Real Estate, San Francisco Modern Real Estate, and East Bay Modern Real Estate.

About Wine Country Modern Real Estate

Wine Country Modern Real Estate is a full service, technologically enabled brokerage offering state-of-the-art service to buyers and sellers of residential real estate throughout Napa and Sonoma Counties.

Contact the Wine Country Modern Team for assistance with the purchase or sale of real estate in Sonoma and Napa Counties.

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Article source: http://www.prweb.com/releases/2013/3/prweb10530458.htm

Wine Country Modern Real Estate Joins Established San Francisco Bay Area …

Sat, 16 Mar 2013 16:12:14 +0000

Marin Modern Real Estate launches its newest venture, Wine Country Modern Real Estate, to expand its reach and service area to include home buyers and sellers in both Sonoma Napa County, California.

San Rafael, CA (PRWEB) March 14, 2013

Marin Modern Real Estate, a premier brokerage in the San Francisco Bay Area, is pleased to announce the launch of its newest affiliate, Wine Country Modern Real Estate.

Contact the Wine Country Modern Team for assistance with the purchase or sale of real estate in Sonoma and Napa Counties.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/3/prweb10530458.htm

Article source: http://www.sfgate.com/business/prweb/article/Wine-Country-Modern-Real-Estate-Joins-Established-4355044.php

Natural disasters and real estate

Thu, 01 Nov 2012 01:53:10 +0000

An earthquake that struck China’s Sichuan province in 2008 left nearly 70,000 dead image via Shutterstock.

Editor’s note: Inman News Publisher Brad Inman is in Manhattan, waiting out Hurricane Sandy. He will be filing stories as they relate to real estate over the next couple of days. As a journalist, Inman has covered many of California and Florida’s natural disasters, including the 1989 Loma Prieta earthquake in the San Francsico Bay Area and the 1994 Northridge quake near Los Angeles.

By BRAD INMAN

NEW YORK CITY — The expected storm surge from Hurricane Sandy could result in loss of life and billions in property damages, not to mention delay thousands of mortgage loan approvals and home sales.

With the recent exception of Hurricane Katrina, natural disasters and man-made catastrophes tend to have only limited long-term impacts on housing sales, housing markets, and the real estate industry. Earthquakes that hit California in 1989 and 1994 were also setbacks for housing markets, under different circumstances explored below.

In a report issued Saturday, real estate data aggregator CoreLogic estimated that nearly 284,000 total residential properties valued at almost $88 billion are at risk if Hurricane Sandy hits the East Coast as a Category 1 hurricane.

CoreLogic today released data showing the top 25 zip codes in New York City, Northern New Jersey and Long Island markets. Massapequa, located on the South Shore of Long Island, holds the top spot with more than $4.6 billion in total structure value at risk.

After Hurricane Katrina killed an estimated 1,836 people in the Gulf Coast region, destroying or damaging hundreds of thousands of homes and displacing an estimated 750,000 households, it took years for many housing markets in the region to recover.

A report issued four years after the disaster found that the number of homes sold in the New Orleans metro area fell 23 percent from May 2008 to May 2009, with 686 home sales for the month.

When a massive oil spill sullied Gulf Coast beaches and the fishing industry, a $60 million portion of the $20 billion BP Claims Fund for victims was set aside for real estate professionals.

Real estate licensees who could provide documentation for a loss of income or sales could file claims of up to $12,000 for losses related to commercial transactions, commercial real estate income, commercial commissions, rental income, rental commissions, and claims resulting from property damage or other personal claims.

The effect that natural disasters can have on housing markets are certainly localized, but in those areas, they can have a chilling and immediate influence on home buyer confidence and stall mortgage operations, hurting home sales and having even more dire consequences when combined with other economic factors.

The San Francisco Bay Area housing market came to a grinding halt after the 1989 Loma Prieta Earthquake in the fall of 1989. Mortgage operations came to a standstill as lenders were unable to process loans and fearful buyers pulled out of deals. Mid-term, consumer confidence in California real estate was chilled by the looming long-term effect that the threat of earthquakes would have on California real estate.

However, California’s real estate market particularly Southern California, was harder hit by the cutbacks in defense spending in the early 1990s, as part of the peace dividend, and a Northern California tech slump in the 1980s. Then in 1994, the Northridge Earthquake further wreaked havoc on Southern California real estate and again immobilized home buyers as the threat of natural disasters loomed large.

It was not until the late 1990s that the California housing market began to recover.

A restructuring of the earthquake insurance market followed in the middle 1990s, giving consumers better protection and helping to rebuild confidence of buying a home in California. Plus, state and local building codes were modified to make homes safer, though the jury is still out on what these code adjustments actually achieved.

The New York housing market hardly missed a beat after 9/11 with many buyers taking a stand against the force of terrorism by actually buying more homes beginning in 2002. Again, economic factors probably played an important as the New York City economy and the U.S. economy experience record growth levels.

When disasters are of a large enough scale to affect the economy as a whole, that can send alarmed investors rushing into safe havens like Treasurys and government-backed mortgage bonds that fund must U.S. home loans. Investor demand pushes bond prices up and yields down.

When the extent of the Fukushima nuclear accident looked catastrophic, mortgage rates and Treasury yields plummeted, mortgage broker and syndicated columnist Lou Barnes noted at the time.

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Article source: http://www.inman.com/news/2012/10/29/natural-disasters-and-real-estate

Promise holds out for home sales

Sun, 21 Oct 2012 13:20:34 +0000

As we ease into the fourth quarter of our year we continue to see signs of a slow, but steady recovery in the housing market. Builders reported another increase in new home construction last month. This marks the biggest increase in more than four years. Driven by the historically low interest rates that have persisted this year, buyers are active although not in droves, but they are buying.

We have reported here consistently over the last several months of increases in the number of sales of residential properties in all areas of our Multiple Listing Service and we have seen prices follow in most of those areas. In other parts of the country, activity is brisk as well, indicating a true recovery, not exclusive to the North Idaho market.

In a recent report by the Urban land Institute, Seattle ranked No. 7 of its “Best bets for Real Estate.” Leading the pack was San Francisco. The Seattle PI, in reporting on this study, had this to say: San Francisco was rated first for investment, development and home building in the 2013 “Emerging Trends in Real Estate” report by the Urban Land Institute and PwC.

The report says: “In 2013, San Francisco steals the triple crown from Washington, D.C., receiving top billing in the Emerging Trends investment, development and housing categories. ‘San Francisco is driven by growth and a strong jobs outlook, led by technology and a structural change away from suburban and toward downtown.’ Continued infill interest is supported by one of the best transit systems in the country and a city center with walkability that is No. 2 only to New York City. ‘This around-the-clock city has someone pushing paper, shopping, shipping or sightseeing all the time.’ According to 2013 forecasts from Moody’s, San Francisco’s GMP growth will reach 1.7 percent, and the city will add almost 50,000 jobs from the 2007 peak. This pair of growth indicators should open investors’ eyes even wider to this global city. Even though industrial diversity seems weak here, investors still savor its skilled personnel and the facts that high tech accounts for 10 percent of the city’s jobs and the young demographic represents over 15 percent of the population. Even with a questionable business climate at times, San Francisco has a mix that draws many corporations now and will draw them in the future.”

We have “walkability” and “bikeability” and we certainly have great sightseeing, but why should you be interested in the Seattle and San Francisco markets? Because what happens there happens here, eventually. In the housing boom of 2003-2007 we saw the escalation of activity and then prices, begin in the Bay area. The growth then headed north to Seattle and spread throughout the Northwest, where people looking to invest in real estate began reaching further and further to find bargain priced real estate. At the time, it was known as “the roll.”

According to the PI: “Real estate continues to meander along a slower-than-normal recovery track, behind a recuperating U.S. economy, dogged by ongoing world economic distress,” starts the 2013 “Emerging Trends in Real Estate” report by the Urban Land Institute and PwC (formerly known as PricewaterhouseCoopers). “But for the third-consecutive year, Emerging Trends surveys indicate that U.S. property sectors and markets will register noticeably improved prospects compared with the previous year, and the advances now gather some measure of momentum across virtually the entire country and in all property types.”

Investors are gravitating to real estate because, despite its slow recovery, they can make money there, while other investments tighten, said Mitch Roschelle, a partner and U.S. real estate advisory practice leader for PwC. “The big driver is this chase for yield.”

Watch closely, as will we, for some are predicting another real estate boom in 2015. We will be ready, will you?

Trust an expert…call a Realtor. Call your Realtor or visit www.cdarealtors.com to search properties on the Multiple Listing Service or to find a Realtor member who will represent your best interests.

Kim Cooper is a real estate broker and the spokesman for the Coeur d’Alene Association of Realtors. Kim and the association invite your feedback and input for this column. You may contact them by writing to the Coeur d’Alene Association of Realtors, 409 W. Neider, Coeur d’Alene, ID 83815 or by calling (208) 667-0664.

Article source: http://www.cdapress.com/real_estate/article_49b94fe1-961c-5e3e-96a9-f73bd5dc7d18.html

More Homes Are Above Water, But Some Sellers Still Suffer

Thu, 13 Sep 2012 04:56:08 +0000

As home sale prices rise, overall home equity rises, and consequently more and more mortgages are no longer “under water.”

1.3 million homes that were previously worth less than the mortgages on them came back into positive territory in the first half of this year, according to CoreLogic.

Billions of dollars in home equity are returning, but what exactly are homeowners doing with this new found cash? Not much.

They certainly aren’t taking it out of their homes the way they used to. In fact, they are actually putting more cash in during refinances, according Freddie Mac. Lenders say it is becoming nearly the norm.

“I continue to see large cash infusions at closing to pay down to conforming [loan] limits, as well as increases in monthly payments to obtain lower rates on shorter amortizations, both of which are very atypical traditionally, but more and more common in this latest refi market,” said Craig Strent, CEO of Rockville, Maryland-based Apex Home Loans.

As for home sales, the reason so many people cannot move isn’t entirely negative equity, but what’s called “near negative equity,” or having less than 5 percent equity in your home. 10.8 million or 22.3 percent of all residential properties with a mortgage were in a negative equity position at the end of the second quarter of 2012, according to CoreLogic, but an additional 2.3 million borrowers had less than 5 percent equity. (Read More: Pending Home Sales Beat Expectations in July.)

The bottom line is that most move-up buyers, the ones desperately needed for a real robust housing recovery, cannot move if they can’t make enough in the sale not only to cover the mortgage but to cover real estate agent fees, closing fees and of course a down payment on a new home.

Much of the recovery in the housing market of late has been thanks to investors, who are often all-cash buyers and who do not have to sell a home in order to buy another. All that activity on the very low/distressed end of the market is pushing overall prices higher. (Read More: How Investors Are Skewing Home Price Recovery.)

Many Realtors with whom I’ve spoken have said yes, the low end is still on fire, and even the very high end is doing well because high end buyers don’t rely so much on credit. It’s the middle that is still suffering.

But wait! According to CoreLogic’s report, negative equity is concentrated on the low end of the housing market: “For example, for low-to-mid value homes (less than $200,000) the negative equity share is 32 percent, almost twice the 17 percent of borrowers with home values greater than $200,000.”

So with less negative equity in the middle, why is the low end moving and the middle not? (Read More: Where Are the Move-Up Home Buyers?)

Because the low end activity is largely in short sales (when the home is sold for less than the value of the mortgage) and foreclosure sales. That’s also where we’re seeing investors do all the bulk deals. Witness Fannie Mae’s sale of 699 properties earlier this week to Pacifica Group, a real estate investment company. The homes in that deal averaged around $111,000.

The middle of the market is still struggling with near negative equity, not to mention tighter credit the higher the loan value is. The more expensive the home, the bigger down payment you’re going to need to meet today’s tough standards. Home prices are going to have to come back a whole lot more strongly before the middle of the market is able to move again.

—By CNBC’s Diana Olick

Questions? Comments? And follow me on Twitter @Diana_Olick

Article source: http://www.cnbc.com/id/49005248?__source=RSS*blog*&par=RSS

More Homes Are Above Water, But Some Sellers Still Suffer

Thu, 13 Sep 2012 04:56:08 +0000

As home sale prices rise, overall home equity rises, and consequently more and more mortgages are no longer “under water.”

1.3 million homes that were previously worth less than the mortgages on them came back into positive territory in the first half of this year, according to CoreLogic.

Billions of dollars in home equity are returning, but what exactly are homeowners doing with this new found cash? Not much.

They certainly aren’t taking it out of their homes the way they used to. In fact, they are actually putting more cash in during refinances, according Freddie Mac. Lenders say it is becoming nearly the norm.

“I continue to see large cash infusions at closing to pay down to conforming [loan] limits, as well as increases in monthly payments to obtain lower rates on shorter amortizations, both of which are very atypical traditionally, but more and more common in this latest refi market,” said Craig Strent, CEO of Rockville, Maryland-based Apex Home Loans.

As for home sales, the reason so many people cannot move isn’t entirely negative equity, but what’s called “near negative equity,” or having less than 5 percent equity in your home. 10.8 million or 22.3 percent of all residential properties with a mortgage were in a negative equity position at the end of the second quarter of 2012, according to CoreLogic, but an additional 2.3 million borrowers had less than 5 percent equity. (Read More: Pending Home Sales Beat Expectations in July.)

The bottom line is that most move-up buyers, the ones desperately needed for a real robust housing recovery, cannot move if they can’t make enough in the sale not only to cover the mortgage but to cover real estate agent fees, closing fees and of course a down payment on a new home.

Much of the recovery in the housing market of late has been thanks to investors, who are often all-cash buyers and who do not have to sell a home in order to buy another. All that activity on the very low/distressed end of the market is pushing overall prices higher. (Read More: How Investors Are Skewing Home Price Recovery.)

Many Realtors with whom I’ve spoken have said yes, the low end is still on fire, and even the very high end is doing well because high end buyers don’t rely so much on credit. It’s the middle that is still suffering.

But wait! According to CoreLogic’s report, negative equity is concentrated on the low end of the housing market: “For example, for low-to-mid value homes (less than $200,000) the negative equity share is 32 percent, almost twice the 17 percent of borrowers with home values greater than $200,000.”

So with less negative equity in the middle, why is the low end moving and the middle not? (Read More: Where Are the Move-Up Home Buyers?)

Because the low end activity is largely in short sales (when the home is sold for less than the value of the mortgage) and foreclosure sales. That’s also where we’re seeing investors do all the bulk deals. Witness Fannie Mae’s sale of 699 properties earlier this week to Pacifica Group, a real estate investment company. The homes in that deal averaged around $111,000.

The middle of the market is still struggling with near negative equity, not to mention tighter credit the higher the loan value is. The more expensive the home, the bigger down payment you’re going to need to meet today’s tough standards. Home prices are going to have to come back a whole lot more strongly before the middle of the market is able to move again.

—By CNBC’s Diana Olick

Questions? Comments? And follow me on Twitter @Diana_Olick

Article source: http://www.cnbc.com/id/49005248?__source=RSS*blog*&par=RSS

Where Are the Move-Up Home Buyers?

Thu, 02 Aug 2012 17:51:34 +0000

Housing has never been more affordable, and yet home ownership is still falling and more Americans are renting. The supply of homes for sale is down 24 percent from a year ago, according to the National Association of Realtors, but that still doesn’t explain why so few buyers are jumping in. The answer lies in the immobile move-up buyer.
“At current mortgage interest rates, the monthly cost of the typical new mortgage – at about 12 percent of median income – is not much more than half normal levels,” notes Paul Diggle of Capital Economics. “In other words, housing is very affordable.”

Still, while mortgage refinances soar to a two-year high, weekly numbers from the Mortgage Bankers Association show that applications to purchase a home are down by 6 percent over the past year.

Jason and Pascale Royal would love to move up to a bigger home. With a new baby and a dual income, they are even willing to pay more for a bigger mortgage. The trouble is, the mortgage on their south Florida home is about $100,000 more than the home is currently worth. To add insult to injury, they can’t get any help from the bank or the government.

“Because we’ve been current on our payments and have never been late or missed one, we don’t qualify for any of these short sales or any of these special programs to help underwater borrowers,” says Jason Royal.

Jason and Royal are among 11.4 million borrowers, or nearly 24 percent of all residential properties with a mortgage, that are currently in a negative equity position, according to CoreLogic. In addition, 2.3 million borrowers have less than 5 percent equity, referred to as near negative equity. But mortgage analyst Mark Hanson takes it one step further, adding that most move-up buyers need to just 6 percent extra to pay the Realtor, but 20 percent to put down on the next mortgage. He therefore puts real or “effective” negative equity at 80% loan to value; that is, you probably need about 20 percent equity in your current home to move up. He calculates about 25 million borrowers don’t meet that amount of equity. That’s twice as many underwater borrowers as most analysts and politicians purport.

“Investors and first-timers have come in and out of the market throughout history at various times for various reason, but underpinning housing has always been move-up/across/down buyers,” says Hanson. “Half of the repeat buyers have died. They are down for the count due to negative equity, “effective” negative equity, low quality credit, or legacy 2nd liens they can’t extinguish. This is a huge problem for anybody betting on ‘escape velocity’ or a ‘durable recovery’ in housing.”

The Royals could just walk away, as many like them already have. The Obama administration has been pushing its program that pays lenders to slash mortgage balances, but this week the regulator for Fannie Mae and Freddie Mac said the two mortgage giants will not participate. The administration claims reducing principal will keep borrowers from walking away. Fannie and Freddie’s regulator, Edward DeMarco, claims offering principal reduction will cause current borrowers to miss payments just to qualify. The Royals appear to prove both of them wrong. They won’t walk away and they won’t stop paying.

“I bought this house, I sat down, I signed the paperwork, I knew the numbers, and so I’ve made my payments as committed, and I don’t want to stop paying to create a situation where the bank wants to get me out of the house. I’d rather do it in a way that’s fair to both parties,” says Jason.

But the Royals also won’t move, and therefore won’t be able to contribute to the housing recovery.

Questions? Comments? And follow me on Twitter @Diana_Olick

Article source: http://www.cnbc.com/id/48441793?__source=RSS*blog*&par=RSS

Don’t Let Falling Foreclosure Numbers Fool You

Fri, 24 Jun 2011 00:58:08 +0000

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Let me preface with an apology for the huge supply of numbers in this post, but if you can make it through them all, I think you will get the picture I’m drawing here.

The so-called “shadow inventory” of residential properties is falling, according to a new report from CoreLogic.

This is the number of homes with seriously delinquent loans (90+ days), loans in the foreclosure process and bank-owned homes which are not yet listed for sale.

The supply as of April 2011 declined to 1.7 million units, representing a five months’ supply. This is down from 1.9 million units, also a five months’ supply, from a year ago.

“The decline was due to fewer new delinquencies and the high level of distressed sales, which helped reduce the number of outstanding distressed loans,” according to the report.

Good news, no? Wait. There’s more:

“In addition to the current shadow inventory, there are 2 million current negative equity loans that are more than 50 percent or $150,000 “upside down.” These current but underwater loans have increased risk of entering the shadow inventory if the owners’ ability to pay is impaired while significantly underwater.”

And then there’s this other report from Lender Processing Services (LPS), which also reports a drop in newly delinquent loans, but gives the actual, mind-numbing numbers of loans in trouble:

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Article source: http://www.cnbc.com/id/43495174?__source=RSS*blog*&par=RSS

Embracing Social Media at Prometheus

Sat, 16 Apr 2011 04:50:30 +0000

SAN MATEO, Calif., April 15, 2011 /PRNewswire/ — For Prometheus Real Estate Group, the largest owner of apartments in the San Francisco Bay area, breaking the mold of traditional advertising started with a simple blog. Today, Prometheus leverages the power of Twitter, Facebook and other social media outlets across their diverse portfolio of properties. The effort allows Prometheus Real Estate employees (whom the company dubs “Prometheans”) to share relevant, helpful information like interior design tips, neighborhood news suggestions, and property info by engaging in a dynamic exchange with residents (appropriately referred to as “Neighbors”).

Now, getting the word out to neighbors about an upcoming event is just a blog, Facebook post or tweet away. A team of Prometheans, called “The Voice”, are dedicated to creating content and promoting the company’s social media presence. Staying connected via social media helps build a closer, more personally engaged community at Prometheus properties.

“Advertising is traditionally very sales orientated,” said Cindy Park, Vice President of Marketing, “with social media, we can communicate in our own voice, providing engaging and useful information. We’re building community with our current neighbors while reaching out and making a personal connection with future neighbors.”

The result is a more open and responsive relationship between Prometheus and their neighbors.

“It’s just another way to deliver great service and make our neighbors feel at home,” said Park.

About Prometheus

Since its inception in 1965, Prometheus Real Estate Group has specialized in the development and management of high quality residential properties throughout the Western United States. Today, they are the largest private owner of multi-family properties in the San Francisco Bay area with a growing portfolio of more than 18,000 metropolitan area apartments in Seattle, Portland, OR and Los Angeles. Recognition includes:

2010 MHN Best Property Management Company of the Year

Three Gold Nugget Awards One Grand Award from the Pacific Coast Builder’s Conference

First Place in Customer Service and Experience from For Rent Magazine

Californian Landscape Association Trophy Award

Portland Advertising Federation Rosey Award

Multi-House News Design Excellence Award

For more information visit:

http://prometheusreg.com

Facebook/PrometheusApts

Twitter/PrometheusApts

LinkedIn/Companies/Prometheus-Real-Estate-Group

SOURCE Prometheus Real Estate Group

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Article source: http://www.prnewswire.com/news-releases/embracing-social-media-at-prometheus-119924424.html

Home Report – What Can You Get for Under $1 Million?

Sat, 26 Feb 2011 18:42:33 +0000

Have you ever wondered what kind of home you can buy for just under $1 million in the San Francisco Bay Area? In the $900,000 – $1,000,000 price range, you tend to get more for your money in Redwood City’s desirable neighborhoods than in most other San Francisco Peninsula cities. Here’s a sampling:

Of the 13* Redwood City residential properties currently for sale between $900,0000 and $1,000,000 on the Multiple Listing Service, 1733 Hull Avenue in the West Selby area, listed by Rick Freeman of Intero Real Estate, comes in just under $1 million at $999,999. Available since the beginning of February this unique property offers a “2 for 1” approach with 2 separate homes on a large, 13,155 lot – an updated 3 bedroom/2 bathroom home with master suite, plus a 2 bedroom/1 bathroom home, and an office behind the garage.

For a more traditional home, one need look no farther than 2470 Edith Avenue, priced in the middle of the range at $949,000 and listed by Howard Clark, Dumas Company since August 2010. With 4 bedrooms and 3 baths, the two-story, 2450 square foot residence on a 6300 square foot lot offers a formal dining room and family room as well as a master suite and is in need of some “TLC”.

At the beginning of the price range, now listed at $900,000 is 31 Foss Drive by Sylviana Montano, Century 21 Landmark Network. This 3 bedroom/3 bathroom home initially arrived on the market at $1,250,000 in March, 2010, and is now a short sale with a much reduced price tag. Located just below Emerald Hills, the two-story, updated 2880 square foot house on a 5850 square foot lot features a formal dining room, family room, den and a master suite.

There are currently 3 sales pending between $900,000 and $1 million. 962 Round Hill Road in Farm Hill, listed by Gary Bulanti of Alain Pinel Realtors and priced at $999,000 was on the market for 94 days. The 3 bedroom, 2.5 bathroom home with 2130 square feet interior space offers an updated kitchen, family room, master suite and laundry room, and the 8260 square foot lot provides a good-sized, private backyard.

3 brand new construction homes in Redwood City – 10, 20 and 30 Kenna Court in the West Selby area are representative of the 15 closed sales in this price range over the past six months. Listed by Greg Terry with Alain Pinel Realtors, all three properties were completed and arrived on the market in November, 2010, and all were listed and sold for $998,000 in 11, 8 and 7 days respectively. The two-story residences boast all the “bells and whistles” with marble, granite and tile hard finishes, stainless steel appliances, master suites and open great rooms. All offer 4 bedrooms and 3.5 bathrooms in 2688 to 2566 square feet on 5444 to 5100 square foot lots.

*All housing market information is provided by MLSListings.com and is deemed reliable but may not be accurate.

For more information about any of these properties, contact the listing agents or Wende Schoof.

Looking for the right home on the San Francisco Peninsula? Redwood City could be the right place! Wende By The Bay is definitely the right place to start!

Article source: http://redwoodcity.patch.com/articles/home-report-what-can-you-get-for-under-1-million