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SAN FRANCISCO, Jan. 22, 2018 (GLOBE NEWSWIRE) — For the third consecutive year, Tanya Dzhibrailova prevails as No. 1 top producer companywide at Zephyr Real Estate. She also maintains her designation as all-time top producer since the firm’s inception 40 years ago.

Tanya Dzhibrailova, 2017 Top Producer, Zephyr Real Estate

In 2017, Tanya sold 76 units with over $100 million in sales volume. Her reviews continue to reflect her commitment to excellence and her spirit of achievement. She is a constant champion for her clients, and with over 350 5-star reviews on Yelp and Zillow combined, they are equally loyal to her.

“Tanya is nothing short of amazing! She helped us find our dream home by Ocean beach. She is extremely experienced and helped us through the entire process as first time home buyers. She is very connected and shared all her best contacts with us which made our home buying experience super smooth.” – San Francisco Buyer, one of first reviews of 2018.

Another client states, “I would highly recommend Tanya for her knowledge, expertise, responsiveness, and negotiation skills. Additionally, she educated me on marketing advice from the beginning at the listing phase, all the way through to prep and staging phase(s). She carried my goals right to the end and delivered on her promise to take the property to the ‘next level’. I would definitely use her services again in the future.” – San Francisco Seller.

And it isn’t just customers who sing her praises. Tanya is recognized in the industry as one of the leading professionals across the country. She ranks #120 nationally in THE THOUSAND list compiled by REAL Trends and the Wall Street Journal. She is #16 in the Bay Area on the LEADING 100 list as presented by the Luxury Marketing Council in conjunction with REAL Trends. She is a member of the invitation-only Top Agent Network (TAN), the Real Estate Roundtable of San Francisco, the Institute for Luxury Home Marketing and the Luxury Marketing Council of San Francisco.

Her commitment to ongoing education further enhances her standing with designations including: Certified International Property Specialist (CIPS), Certified Luxury Home Marketing Specialist (CLHMS), Certified Residential Specialist (CRS), Accredited Buyer’s Representative (ABR), Seller Representative Specialist (SRS), Certified Internet Professional (e-PRO), Certified GREEN Sustainable Property (GREEN), Graduate Realtor Institute (GRI) and Seniors Real Estate Specialist (SRES). 

“Tanya’s trajectory continues to soar and her client base continues to broaden with one record-breaking year after another,� commented Randall Kostick, President of Zephyr. “She continues to raise the bar and then surpass it, and it is a pleasure to be a part of her success.�

About Zephyr Real Estate
Founded in 1978, Zephyr Real Estate is San Francisco’s No. 1 real estate firm with nearly $2.3 billion in gross sales and a current roster of more than 300 full-time agents. Zephyr’s highly-visited website has earned two web design awards, including the prestigious Interactive Media Award. Zephyr Real Estate is a member of the international relocation network, Leading Real Estate Companies of the World; the luxury real estate network, Who’s Who in Luxury Real Estate; global luxury affiliate, Mayfair International; the local luxury marketing association, the Luxury Marketing Council of San Francisco; and the regional luxury real estate affiliation, the Artisan Group. Zephyr has eight locations across San Francisco, Marin, Alameda and San Mateo Counties and two brokerage affiliates in Sonoma County, all strategically positioned to serve a large customer base throughout the San Francisco Bay Area. For more information, visit www.ZephyrRE.com.

Contact: Melody Foster                                                                                                         
Zephyr Real Estate
San Francisco, CA
415.426.3203
melodyfoster@zephyrsf.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/986145a8-ba84-4f7a-a969-763c4c24c536

Article source: http://markets.businessinsider.com/news/stocks/Dzhibrailova-Earns-2017-No-1-Companywide-Top-Producer-Award-at-Zephyr-Real-Estate-1013610558

Happy New Year. The perfect real estate storm is upon us.

Just consider the latest predictions and pronouncements about the Bay Area market. If you are looking to break into it, good luck.

Over the past several months, the region has racked up a series of dubious distinctions.

Back in November, we learned that a $216,181 household income is needed to buy a median-priced home in the San Jose metropolitan area. That was the highest income requirement among the nation’s metros, according to a study by the HSH.com mortgage information website. The San Francisco metro, which includes the East Bay, was second on the list: a $171,330 household income is needed to land a median-priced home there. No other metro was even in the same ballpark; New York lagged far behind, with $99,151 in household income required to snag a typical home.

Onward.

A new Bay Area price record was set in November as the cost of a single-family home in the nine-county region rose to $825,000, up nearly 15 percent from a year earlier, according to the CoreLogic real estate information service. In Santa Clara County, the November median leaped an astounding 26 percent on a year-over-year basis, reaching $1.18 million, yet another record. Prices rose nearly 10 percent in Contra Costa County and nearly 11 percent in Alameda County.

In case you’ve lost track, Bay Area prices for what CoreLogic calls “all homes” — including single-family homes, condos and townhomes — now have risen for 68 consecutive months.

CoreLogic soon will release its data for December, and — assuming that a couple of new studies from Zillow are accurate indicators — one can only expect that prices will go up again.

“It doesn’t seem like we’ve reached a peak,” said Kevin Swartz, a Saratoga-based agent with the Sereno Group. “With every home that sells, there are many buyers who missed out and are going to be writing higher offers on the next home — and can afford to.”

• This gallery is a sampling of homes that sold in recent weeks in the South Bay, Peninsula and coast. This is 355 S. 16th St., San Jose; $1,075,000, 1296 square feet. Find the weekly real estate transactions at www.mercurynews.com/real-estate-transactions.

• 279 Albion, Woodside; $9 million, 3620 square feet.

• 10353 Alpine, Cupertino; $2,191,000, 3280 square feet.

• 79 Blake Ave., Watsonville; $702,500, 1622 square feet.

• 18882 Cabernet, Saratoga; $2.7 million, 2569 square feet.

• 17574 Bruce, Los Gatos; $1.35 million, 1668 square feet.

• 2250 Capitol, East Palo Alto; $1.1 million, 1320 square feet.

• 35 Deep Well, Los Altos; $2.5 million, 1840 square feet.

• 29 Cumin Lane, Morgan Hill; $715,000, 1703 square feet, townhouse.

• 1719 Fernwood, Belmont; $1,701,000, 1220 square feet.

• 72 Forest Road, Felton; $461,000, 854 square feet.

• 947 Francisco, El Granada; $920,000, 740 square feet.

• 239 Harvard, San Mateo; $3,335,000, 2503 square feet.

• 555 Henry Cowell, Santa Cruz; $2,085,000, 4301 square feet.

• 154 Montelena Court, Mountain View; $1,788,000, 1796 square feet, condominium.

• 127 Otis, Woodside; $2,850,000, 2025 square feet.

• 1208 Prevost, San Jose; $1,103,900, 1441 square feet.

• 635 Princeton, Sunnyvale; $2,178,000, 2178 square feet.

• 546 Sapphire, Redwood City; $2 million, 2660 square feet.

• 891 Springfield, Campbell; $1.5 million, 1528 square feet.

• 436 Summit, Emerald Hills; $3.475 million, 5116 square feet.

• 2120 Wellington, Milpitas; $1,830,000, 2520 square feet.

Show Caption

Expand

Earlier this month, Zillow released a forecast for 2018, showing that the San Jose metro area — which includes Santa Clara and San Benito counties — will be the nation’s hottest market with prices climbing 8.9 percent above the current median house value of $1,128,300. The San Francisco metro will be the fifth hottest in the U.S., according to Zillow, with prices rising 3.8 percent above the current median of $893,100. (In addition to Alameda and Contra Costa counties, the San Francisco metro includes Marin, San Mateo and San Francisco counties.)

A second Zillow report showed that over-asking bidding — fueled by job growth in the tech sector — has become standard procedure among the region’s buyers. Last year in the San Jose metro area, 68.5 percent of homes sold went for more than the asking price. The median amount paid over the list price was $62,000, or 6.8 percent over list.

Those numbers were the highest in the U.S. Second highest were — you guessed it — in the San Francisco metro area, where 64.5 percent of deals were for over asking and the median amount paid above list was $41,000, or 6 percent over list.

Driving its point home, Zillow also crunched data for specific cities: San Francisco (where 69 percent of homes sold for above list), San Jose (72 percent) and Oakland (75.3 percent).

As we’ve heard time and time again, the region’s low home supply is what drives hungry buyers to bid up prices.

Swartz noted that in December 2016, there was a 30-day supply of homes in Santa Clara County. In December 2017, there was only a 12-day supply: “It basically means,” he said, “if no new homes come on the market, it would only take 12 days for there to be no inventory. It’s pretty shocking.”

There are plenty of financially well-qualified buyers out there, he noted, making down payments of far more than 20 percent.

Yet a recent report from Trulia shows that the shrinking inventory in Silicon Valley is finally taking its toll among wealthy buyers, simply because they can’t find much to bid on. The study, issued in December, said there were 42 percent fewer premium homes available in San Jose last month than there were a year earlier. That was the most dramatic plunge among the cities studied. Trulia defines a premium home as one in the top third of the market; in San Jose that translates as homes priced at $2.5 million or more.

Oakland and San Francisco were also in the nation’s top 10 cities experiencing major dips in the premium home supply. Oakland’s premium supply dropped 25 percent year-over-year, while San Francisco’s fell 23 percent.

“Even homes that are very expensive are harder to find,” Cheryl Young, senior economist at Trulia, told this news organization last month. “There’s sort of nothing out there, even if you have cash to burn.”

Article source: https://www.mercurynews.com/2018/01/19/bay-area-housing-and-you-thought-you-were-already-depressed/

With Chicago now one of 20 major metro areas making the cut as finalists for Amazon’s second headquarters, area homeowners might wonder if landing Amazon would be simultaneously a blessing and a curse.

The online retailing behemoth would bring an economic windfall to any metro area it chooses with its second headquarters, dubbed HQ2, which could span as much as 8 million-plus square feet of office space and spawn as many as 50,000 well-paying jobs along with $5 billion in investment over the next decade and a half.

But would such a rapid influx of professionals also price scores of Chicagoans out of their neighborhoods? Experts say no.

With all the usual caveats applying — even if Amazon chooses Chicago for HQ2, no one yet knows which part of the city or suburbs the company would select — economists were quick to acknowledge that while Amazon’s arrival would be a nice stimulant for Chicago’s housing market, it would hardly turn the region, or even parts of it, into a place where soaring rents and stratospheric home prices are the norm.

Happy New Year. The perfect real estate storm is upon us.

Just consider the latest predictions and pronouncements about the Bay Area market. If you are looking to break into it, good luck.

Over the past several months, the region has racked up a series of dubious distinctions.

Back in November, we learned that a $216,181 household income is needed to buy a median-priced home in the San Jose metropolitan area. That was the highest income requirement among the nation’s metros, according to a study by the HSH.com mortgage information website. The San Francisco metro, which includes the East Bay, was second on the list: a $171,330 household income is needed to land a median-priced home there. No other metro was even in the same ballpark; New York lagged far behind, with $99,151 in household income required to snag a typical home.

Onward.

A new Bay Area price record was set in November as the cost of a single-family home in the nine-county region rose to $825,000, up nearly 15 percent from a year earlier, according to the CoreLogic real estate information service. In Santa Clara County, the November median leaped an astounding 26 percent on a year-over-year basis, reaching $1.18 million, yet another record. Prices rose nearly 10 percent in Contra Costa County and nearly 11 percent in Alameda County.

In case you’ve lost track, Bay Area prices for what CoreLogic calls “all homes” — including single-family homes, condos and townhomes — now have risen for 68 consecutive months.

CoreLogic soon will release its data for December, and — assuming that a couple of new studies from Zillow are accurate indicators — one can only expect that prices will go up again.

“It doesn’t seem like we’ve reached a peak,” said Kevin Swartz, a Saratoga-based agent with the Sereno Group. “With every home that sells, there are many buyers who missed out and are going to be writing higher offers on the next home — and can afford to.”

• This gallery is a sampling of homes that sold in recent weeks in the South Bay, Peninsula and coast. This is 355 S. 16th St., San Jose; $1,075,000, 1296 square feet. Find the weekly real estate transactions at www.mercurynews.com/real-estate-transactions.

• 279 Albion, Woodside; $9 million, 3620 square feet.

• 10353 Alpine, Cupertino; $2,191,000, 3280 square feet.

• 79 Blake Ave., Watsonville; $702,500, 1622 square feet.

• 18882 Cabernet, Saratoga; $2.7 million, 2569 square feet.

• 17574 Bruce, Los Gatos; $1.35 million, 1668 square feet.

• 2250 Capitol, East Palo Alto; $1.1 million, 1320 square feet.

• 35 Deep Well, Los Altos; $2.5 million, 1840 square feet.

• 29 Cumin Lane, Morgan Hill; $715,000, 1703 square feet, townhouse.

• 1719 Fernwood, Belmont; $1,701,000, 1220 square feet.

• 72 Forest Road, Felton; $461,000, 854 square feet.

• 947 Francisco, El Granada; $920,000, 740 square feet.

• 239 Harvard, San Mateo; $3,335,000, 2503 square feet.

• 555 Henry Cowell, Santa Cruz; $2,085,000, 4301 square feet.

• 154 Montelena Court, Mountain View; $1,788,000, 1796 square feet, condominium.

• 127 Otis, Woodside; $2,850,000, 2025 square feet.

• 1208 Prevost, San Jose; $1,103,900, 1441 square feet.

• 635 Princeton, Sunnyvale; $2,178,000, 2178 square feet.

• 546 Sapphire, Redwood City; $2 million, 2660 square feet.

• 891 Springfield, Campbell; $1.5 million, 1528 square feet.

• 436 Summit, Emerald Hills; $3.475 million, 5116 square feet.

• 2120 Wellington, Milpitas; $1,830,000, 2520 square feet.

Show Caption

Expand

Earlier this month, Zillow released a forecast for 2018, showing that the San Jose metro area — which includes Santa Clara and San Benito counties — will be the nation’s hottest market with prices climbing 8.9 percent above the current median house value of $1,128,300. The San Francisco metro will be the fifth hottest in the U.S., according to Zillow, with prices rising 3.8 percent above the current median of $893,100. (In addition to Alameda and Contra Costa counties, the San Francisco metro includes Marin, San Mateo and San Francisco counties.)

A second Zillow report showed that over-asking bidding — fueled by job growth in the tech sector — has become standard procedure among the region’s buyers. Last year in the San Jose metro area, 68.5 percent of homes sold went for more than the asking price. The median amount paid over the list price was $62,000, or 6.8 percent over list.

Those numbers were the highest in the U.S. Second highest were — you guessed it — in the San Francisco metro area, where 64.5 percent of deals were for over asking and the median amount paid above list was $41,000, or 6 percent over list.

Driving its point home, Zillow also crunched data for specific cities: San Francisco (where 69 percent of homes sold for above list), San Jose (72 percent) and Oakland (75.3 percent).

As we’ve heard time and time again, the region’s low home supply is what drives hungry buyers to bid up prices.

Swartz noted that in December 2016, there was a 30-day supply of homes in Santa Clara County. In December 2017, there was only a 12-day supply: “It basically means,” he said, “if no new homes come on the market, it would only take 12 days for there to be no inventory. It’s pretty shocking.”

There are plenty of financially well-qualified buyers out there, he noted, making down payments of far more than 20 percent.

Yet a recent report from Trulia shows that the shrinking inventory in Silicon Valley is finally taking its toll among wealthy buyers, simply because they can’t find much to bid on. The study, issued in December, said there were 42 percent fewer premium homes available in San Jose last month than there were a year earlier. That was the most dramatic plunge among the cities studied. Trulia defines a premium home as one in the top third of the market; in San Jose that translates as homes priced at $2.5 million or more.

Oakland and San Francisco were also in the nation’s top 10 cities experiencing major dips in the premium home supply. Oakland’s premium supply dropped 25 percent year-over-year, while San Francisco’s fell 23 percent.

“Even homes that are very expensive are harder to find,” Cheryl Young, senior economist at Trulia, told this news organization last month. “There’s sort of nothing out there, even if you have cash to burn.”

Article source: https://www.mercurynews.com/2018/01/19/bay-area-housing-and-you-thought-you-were-already-depressed/

amazon, high tech, silicon valley, san francisco, san jose, oakland