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		<title>American Housecleaning in San Francisco Launches Cleaning Services for &#8230;</title>
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		<pubDate>Thu, 26 Sep 2013 08:05:57 +0000</pubDate>
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		<description><![CDATA[American House Cleaning in San Francisco Menlo Park, CA (PRWEB) September 26, 2013 Every real estate agent knows how important it is to properly stage a home that they have put on the market for sale. A well-staged home means &#8230; <a href="http://homesmillbrae.com/2406/american-housecleaning-in-san-francisco-launches-cleaning-services-for/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>                    <img class="newsImage" src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/49090_gI_132452_american-house-cleaning.png" width="250" height="43" alt="49090 gI 132452 american house cleaning American Housecleaning in San Francisco Launches Cleaning Services for ..."  title="American Housecleaning in San Francisco Launches Cleaning Services for ..." /></p>
<p>American House Cleaning in San Francisco</p>
<p class="releaseDateline">Menlo Park, CA (PRWEB) September 26, 2013 </p>
<p> Every real estate agent knows how important it is to properly stage a home that they have put on the market for sale. A well-staged home means shorter time on the market because it makes the home look more appealing to prospective buyers. <a href="http://americanhousecleaning.com/?module=bbmoduleaction=view_categoryid=4more=1subtheme=_nonetitle=Blogsrc=522e305c3a504" title="American Housecleaners" rel="nofollow">American House Cleaning’s</a> new cleaning services are specialized for real estate agents and will help increase the appeal of homes during a showing.</p>
<p>Staging a home involves preparing a home for sale by making it more attractive to buyers by eliminating clutter and arranging furniture and accessories. But nothing is more important than the cleanliness of the home. By partnering with local real estate agents, American House Cleaning plays an important role in ensuring that homes are market ready.</p>
<p>If a home is dirty, prospective buyers may wonder if there are more serious maintenance issues that they don’t know about. Also, if the home is empty, it is even more crucial that it is clean. Dusty floors, dirty windows, and grime on kitchen and sink countertops are more visible when there is nothing else to distract the eye.</p>
<p>American House Cleaning is a locally owned and operated, full-service cleaning company that has served loyal clients throughout the Bay Area since 1986. They work hard to deliver consistently superior results to individuals, businesses, real estate agents, property managers, and office complexes at affordable rates.</p>
<p>American House Cleaning is also a proud sponsor of SAMCAR, the San Mateo County Association of REALTORS®. SAMCAR is a trade association that promotes professionalism and the ownership of real property by developing and implementing programs and services to help the individual REALTOR® achieve success. They are the voice of real estate professionals and property owners in San Mateo County. </p>
<p>To learn more about American House Cleaning’s services for real estate agents, and to request an instant quote, visit <a href="http://AmericanHouseCleaning.com" title="American Housecleaning" rel="nofollow">AmericanHouseCleaning.com</a>.</p>
<p>About American House Cleaning<br />
<br />American House Cleaning is a non-franchise, locally owned and operated, full-service cleaning company that has served loyal clients throughout the Bay Area since 1986. We’re proud to deliver consistently superior results to individuals, <a href="http://americanhousecleaning.com/?section=real-estate-cleaning-company-san-francisco" title="Real Estate Agents" rel="nofollow">real estate agents</a>, and property managers.</p>
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<p>Article source: <a href="http://www.prweb.com/releases/American-Housecleaning/CA-Real-EstateAgents/prweb11164740.htm">http://www.prweb.com/releases/American-Housecleaning/CA-Real-EstateAgents/prweb11164740.htm</a></p>]]></content:encoded>
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		<title>California property values poised to soar</title>
		<link>http://homesmillbrae.com/2346/california-property-values-poised-to-soar/</link>
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		<pubDate>Mon, 05 Aug 2013 10:35:01 +0000</pubDate>
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				<category><![CDATA[SF Bay Area News]]></category>
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		<description><![CDATA[click to enlarge Justin Sullivan/Getty Images file photo Real estate in San Francisco and around the Bay Area is poised for an upswing, much like the trend before the recession hit. In the half-decade before California was clobbered by its &#8230; <a href="http://homesmillbrae.com/2346/california-property-values-poised-to-soar/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>                                        <span class="clicktozoom">click to enlarge</span>
<ul>
<li class="imageCredit">                                              Justin Sullivan/Getty Images file photo                                          </li>
<li class="imageCaption">                      Real estate in San Francisco and around the Bay Area is poised for an upswing, much like the trend before the recession hit.                    </li>
</ul>
<p>In the half-decade before California was clobbered by its worst recession since the Great Depression, taxable property values — those of land, homes, apartments and commercial buildings — exploded.</p>
<p>Between 2003 and 2009, values increased by a whopping two-thirds, from $2.7 trillion to $4.5 trillion, much from new construction, and local governments enjoyed a nearly $20 billion increase in annual revenue from the boom.</p>
<p>We all know what happened next: The real estate market went into a tailspin. Local governments that had banked, literally, on ever-increasing revenues felt the pinch. It contributed heavily to two cities&#8217; bankruptcies.</p>
<p><!-- 300x250_2' --> </p>
<p>Actually, taxable values didn&#8217;t go into the tank.</p>
<p>They just stopped growing and shrank a little, falling to $4.3 trillion in 2011. And as the state&#8217;s economy began to improve, so did property values, rising slightly in 2012.</p>
<p>This year, they are poised to register a sharp gain, based on reports from local assessors that are being compiled by the state Board of Equalization.</p>
<p>Gov. Jerry Brown&#8217;s 2013-14 budget assumes a 2.8 percent increase, but it&#8217;s more likely to be in the 4 to 5 percent range.</p>
<p>Los Angeles County, which has a quarter of the state&#8217;s taxable property, is up 4.66 percent, and in some of the counties experiencing economic booms, such as those in the Bay Area, the gains are higher. They&#8217;re up 6 percent in San Mateo County, for example, and 5.17 percent in Alameda County.</p>
<p>Each percentage point of property value increase generates about a $500 million in additional revenue statewide, so overall, the increase could be well over $2 billion for local coffers and, indirectly, for the state treasury.</p>
<p>Under the state constitution, schools are guaranteed certain amounts of revenue, with the first increment coming from property taxes and the state providing the remainder. Thus any unanticipated increase in local property values and taxes decreases what the state must pay schools.</p>
<p>It&#8217;s not another property bubble, at least not yet, but with the housing construction industry beginning to pick up again, California could see strong growth in property taxes in the years ahead. The state is also seeing a surge in sales and income taxes, $2 billion over estimates already this year.</p>
<p>These revenue jumps, however, create another challenge for state and local politicians, who have overspent previous windfalls, leading to huge budget deficits and, as mentioned earlier, the bankruptcies of two cities.</p>
<p>Those who want more spending, whether it&#8217;s for government services or public employees&#8217; salaries, will be pressing politicians hard.</p>
<p>Brown has said he wants to resist that pressure and redirect any windfalls into debt reduction and reserves.</p>
<p>But as the money piles up, the pressure will grow.</p>
<p><i>Dan Walters covers state politics for the Sacramento Bee.</i></p>
<p>Article source: <a href="http://www.sfexaminer.com/sanfrancisco/california-property-values-poised-to-soar/Content?oid=2535210">http://www.sfexaminer.com/sanfrancisco/california-property-values-poised-to-soar/Content?oid=2535210</a></p>]]></content:encoded>
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		<title>Local Home Prices among Highest in Bay Area</title>
		<link>http://homesmillbrae.com/2329/local-home-prices-among-highest-in-bay-area/</link>
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		<pubDate>Sat, 20 Jul 2013 15:27:52 +0000</pubDate>
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				<category><![CDATA[SF Bay Area News]]></category>
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		<description><![CDATA[Written by Jim Welte and Jacob Bourne: San Mateo County saw a $135,000 jump in median home price in just one year, according to numbers released Thursday by DataQuick. As of June, the median local home value was $705,000, up &#8230; <a href="http://homesmillbrae.com/2329/local-home-prices-among-highest-in-bay-area/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>        <a name="aol-share" class="aol-share" href="mailto:yourfriend@email.com?subject=Check this out: Local Home Prices among Highest in Bay Areabody=http://southsanfrancisco.patch.com/groups/real-estate/p/local-home-prices-among-highest-in-bay-area" title="Local Home Prices among Highest in Bay Area" />        Written by Jim Welte and Jacob Bourne:
<p>San Mateo County saw a $135,000 jump in median home price in just one year, according to numbers released Thursday by DataQuick.</p>
<p>As of June, the median local home value was $705,000, up from $570,000 12 months earlier.</p>
<p>The Bay Area as a whole recorded a median home price of $555,000 in June, up 33 percent from $417,000 in June 2012 and up 7 percent from $519,000 in May. The year-over-year median home price increase for the Bay Area was the fastest pace on record, DataQuick officials said.</p>
<p>DataQuick officials attributed the marked rise in home prices to the disappearance of distress sales, an improving economy and mortgage rates that remain very low. The dip on total home sales across the Bay Area was due to a slow-growing supply of homes for sale continuing to fall short of demand and an easing of purchases by cash and investor buyers eased.</p>
<p>“It’s easier for a market to regain lost ground than to push into new territory,” DataQuick President John Walsh said in a statement. “We’re still bouncing off the bottom. This next part of the cycle should be fairly self-adjusting. As prices go up, more homes will come on the market. Price pressures will ease. The only element we don’t know much about right now is how much pent-up demand there really is out there.”</p>
<p>The Bay Area&#8217;s median home price peaked at $665,000 in June and July 2007, then dropped as low as $290,000 in March 2009 – a decline of $375,000, or 56.4 percent, DataQuick reported. In May 2013, the median was still 22 percent below the peak but it had made up about 61 percent of its peak-to-trough loss.</p>
<p>Article source: <a href="http://southsanfrancisco.patch.com/groups/real-estate/p/local-home-prices-among-highest-in-bay-area">http://southsanfrancisco.patch.com/groups/real-estate/p/local-home-prices-among-highest-in-bay-area</a></p>]]></content:encoded>
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		<title>SF Realtor Accused Of Assaulting Prostitute Pleads No Contest To False &#8230;</title>
		<link>http://homesmillbrae.com/2272/sf-realtor-accused-of-assaulting-prostitute-pleads-no-contest-to-false/</link>
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		<pubDate>Wed, 19 Jun 2013 19:46:30 +0000</pubDate>
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		<description><![CDATA[A Bay Area real estate agent who was arrested for allegedly assaulting a prostitute at a South San Francisco motel in 2012 has pleaded no contest to one count of false imprisonment, prosecutors said. David Patrick O’Mara, 47, entered his &#8230; <a href="http://homesmillbrae.com/2272/sf-realtor-accused-of-assaulting-prostitute-pleads-no-contest-to-false/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>A Bay Area real estate agent who was arrested for allegedly assaulting a prostitute at a South San Francisco motel in 2012 has pleaded no contest to one count of false imprisonment, prosecutors said.</p>
<p>David Patrick O’Mara, 47, entered his plea in San Mateo County Superior Court on Monday in exchange for a maximum sentence of one year in county jail, Chief Deputy District Attorney Karen Guidotti said.</p>
<p>According to prosecutors, O’Mara arranged for a 20-year-old prostitute to visit him at his San Francisco home through the escort website myRedBook.com on June 5, 2012.</p>
<p>O’Mara later claimed that during the encounter, the woman stole an iPad and $280 in cash, though she consistently denied the theft and O’Mara never filed a report, Guidotti said.</p>
<p>The following night, prosecutors said, O’Mara allegedly disguised himself and arranged to meet the same woman at a Travelodge in South San Francisco.</p>
<p>The victim let O’Mara into her motel room, where he allegedly assaulted her, punched her multiple times and bound her legs, feet and mouth with black duct tape, prosecutors said.</p>
<p>South San Francisco police went to the hotel after receiving reports of a woman screaming and entered the room to find the victim bound on the floor. </p>
<p>O’Mara was arrested at the scene, and prosecutors later charged him with several felonies, including false imprisonment, assault and battery.</p>
<p>The victim was treated at a hospital for moderate injuries.</p>
<p>O’Mara remains out of custody on $150,000 bail and is due back in court to set sentencing proceedings on July 12.</p>
<p><em>Chris Cooney, Bay City News</em></p>
<p>Article source: <a href="http://sfappeal.com/2013/06/sf-realtor-accused-of-assaulting-prostitute-pleads-no-contest-to-false-imprisonment-charge/">http://sfappeal.com/2013/06/sf-realtor-accused-of-assaulting-prostitute-pleads-no-contest-to-false-imprisonment-charge/</a></p>]]></content:encoded>
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		<title>Inventory Shortage Means Fewer Home Sales, Higher Prices in Bay Area</title>
		<link>http://homesmillbrae.com/2191/inventory-shortage-means-fewer-home-sales-higher-prices-in-bay-area-3/</link>
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		<pubDate>Tue, 07 May 2013 02:37:35 +0000</pubDate>
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		<description><![CDATA[A chronic shortage of homes on the market added up to fewer homes sold and sharply higher home prices across the entire nine-county San Francisco Bay Area in the first quarter of 2013, according to an analysis of MLS data &#8230; <a href="http://homesmillbrae.com/2191/inventory-shortage-means-fewer-home-sales-higher-prices-in-bay-area-3/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>A chronic shortage of homes on the market added up to fewer homes sold and sharply higher home prices across the entire nine-county San Francisco Bay Area in the first quarter of 2013, according to an analysis of MLS data by the research division of Better Homes and Gardens Mason-McDuffie Real Estate.</p>
<p>According to the company, sales of existing, single-family detached homes in the Bay Area fell to their lowest level in five years. Only 9,985 homes changed hands in the first quarter, down 25 percent from 13,391 homes sold in the fourth quarter of 2012 (a difference of 3,406 homes sold) and 16 percent below the 11,906 homes sold during last year’s first quarter. Contra Costa County reported the greatest number of homes sold with 2,182, followed by Alameda County (1,977 homes sold) and Santa Clara County (1,972 homes sold).</p>
<p>Despite the downturn in home sales, demand from homebuyers remained robust, and that led to higher home prices. The Bay Area as a whole reported a median sales price of $667,021 in the first quarter, up 10 percent from the previous quarter’s median price of $604,863 and 25 percent higher than the median sales price of $520,834 reported at the conclusion of last year’s first quarter.</p>
<p>All nine Bay Area counties reported double-digit, year-over-year increases in their median sales price for the second consecutive quarter. San Mateo County led the way with a 43 percent annualized increase, followed by Alameda County (+33%), Contra Costa County (+31%), and Santa Clara and Solano counties, which reported 30 percent year-over-year increases. San Mateo County recorded the region’s highest median sales price at $1,075,097, followed by the City and County of San Francisco at $1,052,626 and Marin County at $878,945. Solano County recorded the Bay Area’s lowest median sales price at $243,006.</p>
<p>Behind the decline in sales and increase in prices is the continued lack of inventory. As of the final day of the first quarter (March 31, 2013), only 4,098 existing, single-family detached homes were listed for sale in the entire nine-county Bay Area – an improvement from 3,370 homes on the market at the end of the fourth quarter of 2012 but nonetheless down 55 percent from 10,282 homes available for purchase on the final day of the first quarter of 2012.</p>
<p>Once listed, homes sold at a brisk pace. For the Bay Area as a whole, homes were on the market an average of 54 days before receiving a final purchase offer, down from 55 days in the fourth quarter of 2012 and 74 days in the first quarter of last year. Homes in Alameda County sold in an average of 29 days, while Napa County recorded the highest average with 94 days on the market.</p>
<p>Looking ahead, what’s the bottom line for Bay Area homebuyers and sellers?</p>
<p>Buyers need to bring their “A” game to the negotiating table, and that increasingly means being able to offer more than the listing price and waive appraisal and other contingencies that may add to the ultimate price. An experienced REALTOR® with extensive local market knowledge and negotiation skills is a must in a market where all-cash offers continue to be a factor.</p>
<p>“Given the likelihood that inventory will continue to be an issue in the months to come, homeowners with mortgages that are “above water” (or nearly so) may find now is a good time to list their home,” says Keith Robinson, COO. “While prices are rising, it is important that sellers price their home competitively. Again, working with an experienced REALTOR® who can help price the property for sale and vet the offers that follow is critical.”</p>
<p>For more information, visit <a href="http://www.bhghome.com" target="_blank">www.bhghome.com</a>.</p>
<p>Article source: <a href="http://rismedia.com/2013-05-06/inventory-shortage-means-fewer-home-sales-higher-prices-in-bay-area/">http://rismedia.com/2013-05-06/inventory-shortage-means-fewer-home-sales-higher-prices-in-bay-area/</a></p>]]></content:encoded>
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		<title>Inventory Shortage Means Fewer Home Sales, Higher Prices In Bay Area</title>
		<link>http://homesmillbrae.com/2189/inventory-shortage-means-fewer-home-sales-higher-prices-in-bay-area-2/</link>
		<comments>http://homesmillbrae.com/2189/inventory-shortage-means-fewer-home-sales-higher-prices-in-bay-area-2/#comments</comments>
		<pubDate>Mon, 06 May 2013 08:31:42 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[SF Bay Area News]]></category>
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		<description><![CDATA[Pleasanton, CA. May 1, 2013. A chronic shortage of homes on the market added up to fewer homes sold and sharply higher home prices across the entire nine-county San Francisco Bay Area in the first quarter of 2013, according to &#8230; <a href="http://homesmillbrae.com/2189/inventory-shortage-means-fewer-home-sales-higher-prices-in-bay-area-2/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><strong>Pleasanton, CA. May 1, 2013.</strong> A chronic shortage of homes on the market added up to fewer homes sold and sharply higher home prices across the entire nine-county San Francisco Bay Area in the first quarter of 2013, according to an analysis of MLS data by the research division of Better Homes and Gardens Mason-McDuffie Real Estate.</p>
<p class="Default">Sales of existing, single-family detached homes in the Bay Area fell to their lowest level in five years. Only 9,985 homes changed hands in the first quarter, down 25 percent from 13,391 homes sold in the fourth quarter of 2012 (a difference of 3,406 homes sold) and 16 percent below the 11,906 homes sold during last year’s first quarter. Contra Costa County reported the greatest number of homes sold with 2,182, followed by Alameda County (1,977 homes sold) and Santa Clara County (1,972 homes sold).</p>
<p class="Default">Despite the downturn in home sales, demand from homebuyers remained robust, and that led to higher home prices. The Bay Area as a whole reported a median sales price of $667,021 in the first quarter, up 10 percent from the previous quarter’s median price of $604,863 and 25 percent higher than the median sales price of $520,834 reported at the conclusion of last year’s first quarter.</p>
<p class="Default">All nine Bay Area counties reported double-digit, year-over-year increases in their median sales price for the second consecutive quarter. San Mateo County led the way with a 43 percent annualized increase, followed by Alameda County (+33%), Contra Costa County (+31%), and Santa Clara and Solano counties, which reported 30 percent year-over-year increases. San Mateo County recorded the region’s highest median sales price at $1,075,097, followed by the City and County of San Francisco at $1,052,626 and Marin County at $878,945. Solano County recorded the Bay Area’s lowest median sales price at $243,006.</p>
<p class="Default">Behind the decline in sales and increase in prices is the continued lack of inventory. As of the final day of the first quarter (March 31, 2013), only 4,098 existing, single-family detached homes were listed for sale in the entire nine-county Bay Area – an improvement from 3,370 homes on the market at the end of the fourth quarter of 2012 but nonetheless down 55 percent from 10,282 homes available for purchase on the final day of the first quarter of 2012.</p>
<p class="Default">Once listed, homes sold at a brisk pace. For the Bay Area as a whole, homes were on the market an average of 54 days before receiving a final purchase offer, down from 55 days in the fourth quarter of 2012 and 74 days in the first quarter of last year. Homes in Alameda County sold in an average of 29 days, while Napa County recorded the highest average with 94 days on the market.</p>
<p class="Default">Looking ahead, what’s the bottom line for Bay Area homebuyers and sellers?</p>
<p class="Default">Buyers need to bring their “A” game to the negotiating table, and that increasingly means being able to offer more than the listing price and waive appraisal and other contingencies that may add to the ultimate price. An experienced REALTOR<sup>®</sup> with extensive local market knowledge and negotiation skills is a must in a market where all-cash offers continue to be a factor.</p>
<p class="Default">“Given the likelihood that inventory will continue to be an issue in the months to come, homeowners with mortgages that are “above water” (or nearly so) may find now is a good time to list their home,” said Keith Robinson, COO.  “While prices are rising, it is important that sellers price their home competitively. Again, working with an experienced REALTOR® who can help price the property for sale and vet the offers that follow is critical.”</p>
<p class="Default"><strong><em><span> </span></em></strong></p>
<p class="Default"><strong>First Quarter 2013 Housing Market Survey – Bay Area Counties</strong></p>
<p class="Default"><strong>Single-Family Detached Homes </strong></p>
<p class="Default"><strong> </strong></p>
<p class="Default"> </p>
<p class="Default"><strong>First Quarter 2013 Housing Market Survey – Bay Area Counties</strong></p>
<p class="Default"><strong>Single-Family Detached Homes </strong></p>
<p class="Default"><strong> </strong></p>
<p class="Default"> </p>
<p class="Default"><em>*  Days on market is the number of days a property was listed on the market until it went under </em></p>
<p class="Default"><em> contract at its final listing price. This may not reflect previous listings. </em></p>
<p class="Default"><em>**The median home price for the entire Bay Area is the mean of median home prices of each of the nine Bay Area counties.  Each county’s median home price is the mean of median home prices of each of the cities within that county.</em></p>
<p class="Default"><em>Data are sourced from multiple listing services and are deemed reliable but not guaranteed.</em></p>
<p class="Default"><em>All percentages rounded to nearest whole number. Bay Area refers to sales within Alameda County, Contra Costa County, Marin County, Napa County, San Francisco County, San Mateo County, Santa Clara County, Solano County and Sonoma County.</em></p>
<p class="Default"><em>## </em><strong>About Better Homes and Gardens Mason-McDuffie Real Estate</strong></p>
<p>Our heritage began with the founding of Mason-McDuffie Real Estate in 1887. In 2010, the company was named the 19th largest real estate services firm in the nation (REALTrends 500), and Number One in the San Francisco East Bay (SF Business Times). The company provides comprehensive solutions to home buyers and sellers, and handled 6,500 transactions in 2012, generating $2.8 billion in sales volume. <a title="http://www.bhghome.com/homepage.aspx" href="http://www.bhghome.com/homepage.aspx">Better Homes and Gardens Mason-McDuffie Real Estate</a> includes joint ventures with partners <a title="http://www.bhghome.com/piedmont-highlandpartners/default.aspx" href="http://www.bhghome.com/piedmont-highlandpartners/default.aspx">Highland Partners</a> in Piedmont and Montclair, <a title="http://www.winecountrygroup.com/homepage.aspx" href="http://www.winecountrygroup.com/homepage.aspx">Wine Country Group Realtors</a> in the North Bay, and Tri-Valley Realty in <a title="http://www.bhghome.com/Pleasanton/default.aspx" href="http://www.bhghome.com/Pleasanton/default.aspx">Pleasanton-Hopyar</a>d and <a title="http://www.bhghome.com/rubyhill/default.aspx" href="http://www.bhghome.com/rubyhill/default.aspx">Ruby Hill</a>, and <a href="http://www.bhghome.com/bahayco/default.aspx">Bahay Co.</a> in Concord. Better Homes and Gardens Mason-McDuffie Real Estate is locally owned and has more than 1,100 real estate professionals with 30 offices in eight counties in the Bay Area and the Tahoe/Truckee region. For more information, go to <a title="http://www.bhghome.com/" href="http://www.bhghome.com/">www.bhghome.com</a></p>
<p>Article source: <a href="http://www.sfgate.com/business/press-releases/article/Inventory-Shortage-Means-Fewer-Home-Sales-4486549.php">http://www.sfgate.com/business/press-releases/article/Inventory-Shortage-Means-Fewer-Home-Sales-4486549.php</a></p>]]></content:encoded>
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		<title>Inventory Shortage Means Fewer Home Sales, Higher Prices In Bay Area</title>
		<link>http://homesmillbrae.com/2186/inventory-shortage-means-fewer-home-sales-higher-prices-in-bay-area/</link>
		<comments>http://homesmillbrae.com/2186/inventory-shortage-means-fewer-home-sales-higher-prices-in-bay-area/#comments</comments>
		<pubDate>Sat, 04 May 2013 02:08:17 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[SF Bay Area News]]></category>
		<category><![CDATA[Alameda County]]></category>
		<category><![CDATA[Better Homes And Gardens]]></category>
		<category><![CDATA[Chronic Shortage]]></category>
		<category><![CDATA[City And County Of San Francisco]]></category>
		<category><![CDATA[Consecutive Quarter]]></category>
		<category><![CDATA[Contra Costa County]]></category>
		<category><![CDATA[Downturn]]></category>
		<category><![CDATA[homes millbrae]]></category>
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		<category><![CDATA[Median Price]]></category>
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		<category><![CDATA[San Francisco Bay]]></category>
		<category><![CDATA[San Francisco Bay Area]]></category>
		<category><![CDATA[San Mateo County]]></category>
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		<description><![CDATA[Pleasanton, CA. May 1, 2013. A chronic shortage of homes on the market added up to fewer homes sold and sharply higher home prices across the entire nine-county San Francisco Bay Area in the first quarter of 2013, according to &#8230; <a href="http://homesmillbrae.com/2186/inventory-shortage-means-fewer-home-sales-higher-prices-in-bay-area/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><strong>Pleasanton, CA. May 1, 2013.</strong> A chronic shortage of homes on the market added up to fewer homes sold and sharply higher home prices across the entire nine-county San Francisco Bay Area in the first quarter of 2013, according to an analysis of MLS data by the research division of Better Homes and Gardens Mason-McDuffie Real Estate.</p>
<p class="Default">Sales of existing, single-family detached homes in the Bay Area fell to their lowest level in five years. Only 9,985 homes changed hands in the first quarter, down 25 percent from 13,391 homes sold in the fourth quarter of 2012 (a difference of 3,406 homes sold) and 16 percent below the 11,906 homes sold during last year’s first quarter. Contra Costa County reported the greatest number of homes sold with 2,182, followed by Alameda County (1,977 homes sold) and Santa Clara County (1,972 homes sold).</p>
<p class="Default">Despite the downturn in home sales, demand from homebuyers remained robust, and that led to higher home prices. The Bay Area as a whole reported a median sales price of $667,021 in the first quarter, up 10 percent from the previous quarter’s median price of $604,863 and 25 percent higher than the median sales price of $520,834 reported at the conclusion of last year’s first quarter.</p>
<p class="Default">All nine Bay Area counties reported double-digit, year-over-year increases in their median sales price for the second consecutive quarter. San Mateo County led the way with a 43 percent annualized increase, followed by Alameda County (+33%), Contra Costa County (+31%), and Santa Clara and Solano counties, which reported 30 percent year-over-year increases. San Mateo County recorded the region’s highest median sales price at $1,075,097, followed by the City and County of San Francisco at $1,052,626 and Marin County at $878,945. Solano County recorded the Bay Area’s lowest median sales price at $243,006.</p>
<p class="Default">Behind the decline in sales and increase in prices is the continued lack of inventory. As of the final day of the first quarter (March 31, 2013), only 4,098 existing, single-family detached homes were listed for sale in the entire nine-county Bay Area – an improvement from 3,370 homes on the market at the end of the fourth quarter of 2012 but nonetheless down 55 percent from 10,282 homes available for purchase on the final day of the first quarter of 2012.</p>
<p class="Default">Once listed, homes sold at a brisk pace. For the Bay Area as a whole, homes were on the market an average of 54 days before receiving a final purchase offer, down from 55 days in the fourth quarter of 2012 and 74 days in the first quarter of last year. Homes in Alameda County sold in an average of 29 days, while Napa County recorded the highest average with 94 days on the market.</p>
<p class="Default">Looking ahead, what’s the bottom line for Bay Area homebuyers and sellers?</p>
<p class="Default">Buyers need to bring their “A” game to the negotiating table, and that increasingly means being able to offer more than the listing price and waive appraisal and other contingencies that may add to the ultimate price. An experienced REALTOR<sup>®</sup> with extensive local market knowledge and negotiation skills is a must in a market where all-cash offers continue to be a factor.</p>
<p class="Default">“Given the likelihood that inventory will continue to be an issue in the months to come, homeowners with mortgages that are “above water” (or nearly so) may find now is a good time to list their home,” said Keith Robinson, COO.  “While prices are rising, it is important that sellers price their home competitively. Again, working with an experienced REALTOR® who can help price the property for sale and vet the offers that follow is critical.”</p>
<p class="Default"><strong><em><span> </span></em></strong></p>
<p class="Default"><strong>First Quarter 2013 Housing Market Survey – Bay Area Counties</strong></p>
<p class="Default"><strong>Single-Family Detached Homes </strong></p>
<p class="Default"><strong> </strong></p>
<p class="Default"> </p>
<p class="Default"><strong>First Quarter 2013 Housing Market Survey – Bay Area Counties</strong></p>
<p class="Default"><strong>Single-Family Detached Homes </strong></p>
<p class="Default"><strong> </strong></p>
<p class="Default"> </p>
<p class="Default"><em>*  Days on market is the number of days a property was listed on the market until it went under </em></p>
<p class="Default"><em> contract at its final listing price. This may not reflect previous listings. </em></p>
<p class="Default"><em>**The median home price for the entire Bay Area is the mean of median home prices of each of the nine Bay Area counties.  Each county’s median home price is the mean of median home prices of each of the cities within that county.</em></p>
<p class="Default"><em>Data are sourced from multiple listing services and are deemed reliable but not guaranteed.</em></p>
<p class="Default"><em>All percentages rounded to nearest whole number. Bay Area refers to sales within Alameda County, Contra Costa County, Marin County, Napa County, San Francisco County, San Mateo County, Santa Clara County, Solano County and Sonoma County.</em></p>
<p class="Default"><em>## </em><strong>About Better Homes and Gardens Mason-McDuffie Real Estate</strong></p>
<p>Our heritage began with the founding of Mason-McDuffie Real Estate in 1887. In 2010, the company was named the 19th largest real estate services firm in the nation (REALTrends 500), and Number One in the San Francisco East Bay (SF Business Times). The company provides comprehensive solutions to home buyers and sellers, and handled 6,500 transactions in 2012, generating $2.8 billion in sales volume. <a title="http://www.bhghome.com/homepage.aspx" href="http://www.bhghome.com/homepage.aspx">Better Homes and Gardens Mason-McDuffie Real Estate</a> includes joint ventures with partners <a title="http://www.bhghome.com/piedmont-highlandpartners/default.aspx" href="http://www.bhghome.com/piedmont-highlandpartners/default.aspx">Highland Partners</a> in Piedmont and Montclair, <a title="http://www.winecountrygroup.com/homepage.aspx" href="http://www.winecountrygroup.com/homepage.aspx">Wine Country Group Realtors</a> in the North Bay, and Tri-Valley Realty in <a title="http://www.bhghome.com/Pleasanton/default.aspx" href="http://www.bhghome.com/Pleasanton/default.aspx">Pleasanton-Hopyar</a>d and <a title="http://www.bhghome.com/rubyhill/default.aspx" href="http://www.bhghome.com/rubyhill/default.aspx">Ruby Hill</a>, and <a href="http://www.bhghome.com/bahayco/default.aspx">Bahay Co.</a> in Concord. Better Homes and Gardens Mason-McDuffie Real Estate is locally owned and has more than 1,100 real estate professionals with 30 offices in eight counties in the Bay Area and the Tahoe/Truckee region. For more information, go to <a title="http://www.bhghome.com/" href="http://www.bhghome.com/">www.bhghome.com</a></p>
<p>Article source: <a href="http://www.sfgate.com/business/press-releases/article/Inventory-Shortage-Means-Fewer-Home-Sales-4486549.php">http://www.sfgate.com/business/press-releases/article/Inventory-Shortage-Means-Fewer-Home-Sales-4486549.php</a></p>]]></content:encoded>
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		<title>Burlingame REALTOR® Mary Ann Teixeira says Current Real Estate Market in &#8230;</title>
		<link>http://homesmillbrae.com/2050/burlingame-realtor%c2%ae-mary-ann-teixeira-says-current-real-estate-market-in/</link>
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		<pubDate>Fri, 01 Mar 2013 13:22:23 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[SF Bay Area News]]></category>
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		<description><![CDATA[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. &#8230; <a href="http://homesmillbrae.com/2050/burlingame-realtor%c2%ae-mary-ann-teixeira-says-current-real-estate-market-in/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p class="releaseDateline">Burlingame, CA (PRWEB) February 28, 2013 </p>
<p> 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. </p>
<p>“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.”</p>
<p>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. </p>
<p>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 <a href="http://www.maryannt.com">http://www.maryannt.com</a>.</p>
<p>About Mary Ann Teixeira<br />
<br />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.</p>
<p>Read the full story at <a href="http://www.prweb.com/releases/2013/2/prweb10486539.htm">http://www.prweb.com/releases/2013/2/prweb10486539.htm</a></p>
<p>Article source: <a href="http://www.digitaljournal.com/pr/1101611">http://www.digitaljournal.com/pr/1101611</a></p>]]></content:encoded>
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		<title>Rising home values push more Bay Area homes above water, Zillow says &#8211; Alameda Times</title>
		<link>http://homesmillbrae.com/2022/rising-home-values-push-more-bay-area-homes-above-water-zillow-says-alameda-times/</link>
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		<pubDate>Thu, 21 Feb 2013 06:20:30 +0000</pubDate>
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		<description><![CDATA[Rising prices pushed thousands of Bay Area homes back above water last year, according to a report released Wednesday, another sign that the region&#8217;s housing crisis is easing as the economy recovers. The report, by the housing website Zillow, shows &#8230; <a href="http://homesmillbrae.com/2022/rising-home-values-push-more-bay-area-homes-above-water-zillow-says-alameda-times/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p class="bodytext">Rising prices pushed thousands of Bay Area homes back above water last year, according to a report released Wednesday, another sign that the region&#8217;s housing crisis is easing as the economy recovers.</p>
<p>The report, by the housing website Zillow, shows drops across the region in the number of homes that are underwater &#8212; worth less than the value of their mortgages.</p>
<p>More than 56,826 homes bobbed back above water across seven counties of the Bay Area in 2012, Zillow reported. That still leaves 205,986 homes with a total negative equity of $31.5 billion.</p>
<p>And that negative equity is keeping thousands of homes off the market, forcing buyers to compete for whatever comes up for sale.</p>
<p>A dozen wealthy Silicon Valley and Peninsula communities from Belmont to Los Gatos have already returned to pre-crash home prices, the company said.</p>
<p>Zillow is forecasting continued growth in prices this year, followed by a leveling off in 2014. </p>
<p>The company uses a proprietary formula to calculate home values. </p>
<p>In the last three months of 2012, a little more than one-third of Contra Costa County&#8217;s homes that had mortgages were underwater, Zillow reported. That was down from 41.3 percent a year earlier. </p>
<p>The figure for Alameda County was 25.4 percent, down from 31 percent a year earlier, while Santa Clara dropped to 15 percent from 22 percent in the fourth quarter of 2011. San Mateo County had 15 percent of its homes with mortgages </p>
<p>underwater,¿¿ down from 20.7 percent a year earlier.
<p>Nearly every part of the Bay Area is seeing a surge in home prices, with the areas that saw the biggest drops following the subprime bubble&#8217;s burst having the biggest price increases.</p>
<p>Oakland real estate agent Mark Biggins of Redfin Realty said that in some parts of the East Bay, frenzied bidding has caused prices to soar.</p>
<p>&#8220;It&#8217;s crazy in parts of Oakland and Berkeley,&#8221; Biggins said. </p>
<p>One of his clients just lost out on a home listed at $729,000 that sold for more than $900,000 with 23 offers. &#8220;There were five offers over $900,000 for this property. In 2005, that same property sold for $940,000. I think it just sold pretty much for that or more today,&#8221; Biggins said. </p>
<p>&#8220;Eastern Contra Costa County was dramatically overpriced&#8221; before the crash, said Bryce Ellsworth, broker at Windermere Ellsworth and Associates in Brentwood. &#8220;Now it&#8217;s underpriced, but that&#8217;s not going to last for long.&#8221;</p>
<p>The Silicon Valley corridor extending from Atherton and Menlo Park through Sunnyvale to Los Gatos is essentially back above water, Zillow reported, with median home values what they were before the crash. Many of those communities lost less in the crash and had less to regain.</p>
<p>&#8220;Those that have dropped the least have come back the quickest,&#8221; said Rick Turley, San Francisco Bay Area president of Coldwell Banker Residential.</p>
<p>&#8220;I would say the sweet spot would be that whole upper Silicon Valley and Peninsula area,&#8221; he said. &#8220;It probably lost the least amount in the downturn and has come back to new peak highs the quickest.&#8221;</p>
<p>San Jose, which fell sharply on large numbers of subprime loans, is still more than 20 percent below its pre-crash peak. But recovery also depends on when a person bought the home.</p>
<p>Real estate agent David Contreras, who specializes in condos in San Jose, said the recovery has gone so fast in San Jose that one client who wanted to short-sell her house for around $160,000 six months ago is now above water and planning to stay.</p>
<p>&#8220;Her home shot up easily to $235,000 within the span of about six months,&#8221; said Contreras.</p>
<p>But that&#8217;s not the case everywhere. </p>
<p>Contra Costa County median home values are still about 48 percent below their peak. Alameda County is 30 percent below, while Santa Clara County is 13.5 percent from its peak and San Mateo is 15.1 percent below it, Zillow said.</p>
<p>San Francisco was the county closest to a return to peak prices, with only slightly more than 3 percent to go.  </p>
<p>Contact Pete Carey at 408-920-5419 Follow him on <a href="http://Twitter.com/petecareyg">Twitter.com/petecareyg</a></p>
<p>uneven recovery
<p>
A sampling of Bay Area cities and the percentage they are below their peak home prices reached between 2006 and 2007<br />
City                       Change from peak<br />
Hayward            -48.6 percent<br />
Oakland             -38.8 percent<br />
Livermore           -30.1 percent <br />
El Cerrito &#8230;&#8230;&#8230;..-26 percent<br />
San Jose            -20.6 percent<br />
San Ramon&#8230;&#8230;..-18.4 percent<br />
San Mateo&#8230;&#8230;&#8230;.-15.1 percent<br />
Berkeley&#8230;&#8230;&#8230;&#8230;..-12.5 percent<br />
Redwood City&#8230;&#8230;- 5.7 percent<br />
Menlo Park             0.0 percent<br />
Sunnyvale             0.0 percent<br />
Source: Zillow</p>
<p><span /></p>
<p>Article source: <a href="http://www.insidebayarea.com/breaking-news/ci_22632191/rising-home-values-push-more-bay-area-homes">http://www.insidebayarea.com/breaking-news/ci_22632191/rising-home-values-push-more-bay-area-homes</a></p>]]></content:encoded>
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		<title>Silicon Valley real estate stunner: Woodside estate sells for $117.5 million &#8211; Tri</title>
		<link>http://homesmillbrae.com/1976/silicon-valley-real-estate-stunner-woodside-estate-sells-for-117-5-million-tri/</link>
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		<pubDate>Sat, 26 Jan 2013 14:34:11 +0000</pubDate>
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		<description><![CDATA[WOODSIDE &#8212; A legendary investor&#8217;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 &#8230; <a href="http://homesmillbrae.com/1976/silicon-valley-real-estate-stunner-woodside-estate-sells-for-117-5-million-tri/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><span class="articleEmbeddedViewerBox" /><span /><span class="articleImage"><img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/94311_20130125_101354_ssjm0126estateWeb_200.jpg" width="200" height="316" alt="94311 20130125 101354 ssjm0126estateWeb 200 Silicon Valley real estate stunner: Woodside estate sells for $117.5 million   Tri" border="0" title="Silicon Valley real estate stunner: Woodside estate sells for $117.5 million   Tri" /></span><span /><span />
<p class="bodytext">WOODSIDE &#8212; A legendary investor&#8217;s sprawling estate here has sold for $117.5 million, one of the highest prices ever for a residential property in the U.S.</p>
<p>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.</p>
<p>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.</p>
<p>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 &#8220;Separate Tax Statement&#8221; that is kept behind a clerk&#8217;s desk at the San Mateo County Assessor-Clerk-Recorder&#8217;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.</p>
<p>The Woodside mansion on Mountain Home Road is in a neighborhood populated by Silicon Valley power brokers like <a href="http://www.siliconvalley.com/topics?Larry%20Ellison">Larry Ellison</a>, 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.</p>
<p>&#8220;There&#8217;s </p>
<p>enormous pressure on housing between San Carlos and Cupertino,&#8221; said Wendy McPherson, who manages Coldwell Banker&#8217;s Woodside, Portola Valley and Menlo Park offices. &#8220;You cannot buy anything in Menlo Park for less than $1 million.&#8221;
<p>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.</p>
<p>The estate that sold in Woodside is a neoclassical structure that was designed by Virginia architect Allan Greenberg. His website describes it as &#8220;sitting in an elaborate hilltop garden&#8221; and &#8220;reflecting the strong Palladian tradition in the United States.&#8221; The main structure is connected to wings via structures known as &#8220;hyphens&#8221; 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.</p>
<p>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 &#8220;retreat&#8221; building. A tennis court, extensive landscaping and the relocation of an existing two-story caretaker&#8217;s cottage were also planned.</p>
<p>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.</p>
<p>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.</p>
<p>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.</p>
<p>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. </p>
<p>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.</p>
<p class="tagline">Contact Pete Carey at 408-920-5419 Follow him on Twitter.com/petecarey.</p>
<p><span /></p>
<p>Article source: <a href="http://www.insidebayarea.com/breaking-news/ci_22453823/silicon-valley-real-estate-stunner-woodside-estate-sells">http://www.insidebayarea.com/breaking-news/ci_22453823/silicon-valley-real-estate-stunner-woodside-estate-sells</a></p>]]></content:encoded>
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