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Off Market Listing in Pelican Hill – $12,500, 000

Off Market Listing in Pelican Hill – $12,500, 000

There is a new off market listing in Pelican Hill area of Newport Beach that is sure to get your mouth watering.  The home is 9200 square feet on a 22k sf lot with incredible views.  We have more photos and information, but the asking price is $12,500,000.  If you are a buyer and interested to learn more, please give me a call. No agents.

The Newport Beach and Newport Coast areas continue to show rising prices.  Pelican Hills homes are spectacular and this one is no exception.

Steve Wozniak Home For Sale

Steve Wozniak Home For Sale

steve wozniak house 2 Steve Wozniak’s once owned home is on the market for $4.395 million dollars in Los Gatos.  The Apple co-founder owned the home several years ago and it has  undergone changes since he lived there, but for Apple followers, it’s still the home of the Woz.

The home has 7,500 sf, 6 bedrooms, 8 bathrooms and sits on 1.1 acres.  It’s wonderfully updated and shows like a home costing over 4 million dollars should. It has beautiful views, wraparound terraces, pool with waterfall, Koi Pond and much more.

Luxury real estate sales and listings are up in the SF Peninsula area and a home that has the history of being lived in by a former Apple co-founder will bring lots of interest.

If you are an un-represented buyer and need more information or would like to see the home, please give me a call.  I can be reached at 650.543.1202 or emailed at gkurtz@apr.com.  The home is listed by Art Sharif and I have spoken to him several times about the home and bringing my buyers to see it.

 

 

Private Atherton Estate now on the market for $6.99 Million

Private Atherton Estate now on the market for $6.99 Million

A new luxury home has hit the market in Atherton on a private cul-de-sac street.  My new listing has 6 bedrooms, 5.5 baths and is approximately 7,000 square feet.  It sits on just over one acre and has beautiful landscaping as well as the perfect setup for the family that likes an outdoor lifestyle or entertaining.  There is a pool, hot tub, lots of patio decking for parties, putting green, sand volleyball court and huge grassy area for playing any kind of family games.

The interior of the home is very spacious and light filled.  The six bedrooms are all generous in size and there is also a large office/den as well as bonus room that can be used for a workout room or media room.  The family room is large and just off the kitchen, so it creates the perfect hanging out area, that also happens to lead to the pool and outdoor entertaining areas.  This luxury Atherton real estate listing can be seen by appointment only by calling Gary Kurtz of Alain Pinel Realtors. The asking price is $6.999 million.  The virtual tour will show you more pictures or you can go to my APR website for more information.

Atherton has seen a surge in purchases of luxury real estate recently and homes in the 5-20 million dollar range have been selling, despite the sluggish economy.  Atherton California is one of the most expensive areas in the country, having ranked #2 for highest average listing price.

Menlo Park Turnover Higher Than Atherton

Menlo Park Turnover Higher Than Atherton

When looking at the statistics for which cities have the highest percentage of turnover in the Bay Area, Menlo Park outpaced Atherton and many other communities for home and condo turnover for the year 2009.  The numbers are still lower than you might expect, but interesting to look at for determining which communities have the highest percentage of moving trucks throughout the year.

A couple of key cities and their turnover rates are:

Community     # of homes     Sales in 2009     Turnover %

Atherton                2,504                71                          2.84

Burlingame          7,318              195                         2.48

Hillsborough       2,872               106                         2.74

Menlo Park          8,915                323                        3.62

All numbers are down from 2008, but I guess this shows that, at most, about one out of every 30 of your neighbors will be moving this year or lising their house for sale.  I’m sure there are times when we wish that number was higher (loud parties, barking dogs, deferred maintenance) but at least now you know what to expect. So, even though luxury real estate in Menlo Park is highly sought after, the turnover is a bit higher than other areas.

Atherton Home Prices on the Rebound

January 29, 2010 Real Estate News No Comments
Atherton Home Prices on the Rebound

Signs of Recovery

On a year to year comparison, the average listing price and selling price of luxury real estate in Atherton were both up in listing and sales prices.  The average selling price was $2,689,000 while the average Atherton home for sale had a listing price of just over $5.5 million dollars.

Knowing that Atherton real estate has about a 93% list to selling price ratio, I’m sure there will be further increases in sold prices for the month of January as well as listing prices.  We are seeing lots of buyers out there looking for luxury real estate in Atherton and many with cash in hand so the loan process won’t impact the sale.  Our office is having more high end sales in Atherton so far in January than it has in the last couple of years for the same time period, so despite the economy, luxury real estate in Atherton is still on the highly sought after list of places to live.

According to DataQuick, the figures were as follows:

1 month
1 Year
15 Months

Nov 09 Dec 09 % Change Dec 08 Dec 09 % Change Oct 08 Dec 09 % Change
Avg. Active Price 5123 5551 8.4% 5434 5551 2.2% 5394 5551 2.9%
Avg. Sold Price 2284 2698 18.1% 1925 2698 40.2% 2337 2698 15.4 %

Menlo Park Inventories Down, Sales Up

January 28, 2010 Real Estate News No Comments
Menlo Park Inventories Down, Sales Up

Prices Are Down, But More Are Selling
Statistics for the month of December show that Menlo Park residents aren’t putting as many homes on the market, but the overall volume of sales and pending sales is up.   With a 25% increase in number of homes sold and a whopping 300% increase of pending sales, more people are definitely getting their homes sold according to Dataquick.

The average sales price for a home in Menlo Park in December was $1,020,00 (down 4.1% compared to last December).  I believe this low average sales price and higher volume has a lot to do with the first time home buyer tax credit that was being pushed so heavily towards the end of the year (which has been extended to April 30, 2010 for first time and now includes move up home buyers).  The average listing price in Menlo Park for December was just over $1.7 million dollars, but it’s the homes closer to the million dollar mark that have been selling.

1 month 1 year 15 months
Nov 09 Dec 09 % Change Dec 08 Dec 09 % Change Oct 08 Dec 09 % Change
Avg. Active Price 1775 1745 -1.7% 1464 1745 19.2% 1702 1745 2.5%
Avg. Sold Price 1325 1020 -23% 1064 1020 -4.1% 1308 1020 -22%

Palo Alto Luxury Real Estate…on Tour Today

January 15, 2010 Real Estate News No Comments
The Palo Alto Egg

The Palo Alto Egg

It took until the 15th of January, but today there was actually a decent amount of Palo Alto real estate on the market to preview.  The first couple weeks of the year are usually slow and not many homes to view on broker tour or at open houses.  So, it’s exciting to get a  feeling that activity is starting up again and agents and sellers are out there again showing their wares.

I visited a couple of great surprise homes.  When I say surprise, I mean that from the outside I was thinking the house would be fairly average, but when you get inside, the surprise is in the size and quality of the home.  A home on Park Blvd. was the house of the day for me.  Check it out by clicking here. It’s been entirely remodeled and even has a nice screening room.   It’s listed by Alexandra Vondergroeben of the Sereno Group, call me and  I can help out if you are a buyer that is not working with an agent.

I saw a couple of homes that I know will come down in price, but I won’t list those here.   Overall, the prices out there are fairly consistent and in line with where the market is, not where it will be by spring (which will probably be higher in my opinion).

Palo Alto Luxury real estate is back on the rise.  There are a good number of homes for sale and some condos for sale that are reasonably priced.

Palo Alto Mansion

October 30, 2009 Real Estate News No Comments
Palo Alto Mansion

Today was a day looking at some homes for sale in Palo Alto, California.  I was pleasantly surprised by some great homes that I found today, some classic mansions and some with unbelievable views.  Palo Alto is known for it’s oak tree lined quaint streets with mansions stacked up side by side.  Some are classic old mansions and some are new and totally renovated and have a contemporary feel.  One mansion today was a classic style that had upgrades, but at the same time you could feel the history of the house.  Situated on a little over half acre, the grounds are lush with a pool, rose gardens and lots of large trees and beautiful grass areas.

The house seems to go on forever as room after room is discovered on a walkthru of the upstairs.  Bedroom leads to another bedroom or workout room and you get the feeling you could easily get lost from the rest of the people in the house by finding a room off a room to hang out in.  Even for a large family, I can’t see this house ever feeling crowded. Palo Alto Luxury real estate is alive and well.

The living room, family room, dining room and “piano room” all have large picture windows that view out to the picturesque backyard giving a feeling of living in your own private world.

Open House Weekend

October 5, 2009 Real Estate News No Comments
Fixer Upper

Fixer Upper

I spent the weekend looking around in Atherton, specifically the Lindenwood area trying to find a good open house.  Wasn’t any to find this weekend and there isn’t a lot of homes for sale in there right now.  There was a couple to look at, but I would consider them fixer uppers as opposed to a typical Atherton great home.  If you want to find other areas for open houses, don’t forget to check my website on APR.  Just put in the area you want to check out and let me do the work for you.

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My Contact Information

Gary Kurtz
949.565.5201
gkurtz@homgroup.com
BRE# 01710776

Kathy Kurtz
714.394.2676
kathyk213@aol.com
BRE# 01876966

HOM Sotheby's International Realty
1200 Newport Center Drive, # 100
Newport Beach, CA 92660

949.565.5201 (cell)
949.478.7769 (office)
650.796.5507 (Silicon Valley #)

Contact me now with any questions:
gkurtz@homgroup.com

Kurtz Real Estate Group




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Real Estate Insider Video Show

Alain Pinel Realtors Silicon Valley

April 3, 2013

Alain Pinel Realtors Silicon Valley

We at Alain Pinel Realtors have been releasing high quality videos that give buyers a feel for different areas. Today, we released the Silicon Valley video. Take a look. If you are looking for luxury real estate all along the Peninsula and Silicon Valley in areas such as Los Altos, Saratoga, Monte Sereno, Palo Alto, […]

Palo Alto Real Estate Update

February 3, 2012

Palo Alto Real Estate Update

The numbers are strong for real estate in Palo Alto with this month’s sales figures.  Watch the video to see all key sales numbers for the month of January 2012 compared to January 2011.

Menlo Park Monthly Real Estate Sales Figures for October 2011

November 5, 2011

Menlo Park Monthly Real Estate Sales Figures for October 2011

The average sales price of a home in Menlo Park fell 7.8% for the month of October 2011 compared to October 2010.  The total number of sales for both periods were similar, which is good news, but the home prices were a little lower than expected.  The surprise number is that the average price per […]

Timely News

Pools and Waterfalls of the Wealthy

August 6, 2015

Pools and Waterfalls of the Wealthy

We all love to see how the wealthy spend their money.  Jets, fast cars, homes….but how about their pools and waterfalls?  This is even more fun to see as there is a big water shortage here in California, so it’s an even bigger status symbol than before as only the very wealthy can afford the […]

Off Market Listing in Pelican Hill – $12,500, 000

August 1, 2015

Off Market Listing in Pelican Hill – $12,500, 000

There is a new off market listing in Pelican Hill area of Newport Beach that is sure to get your mouth watering.  The home is 9200 square feet on a 22k sf lot with incredible views.  We have more photos and information, but the asking price is $12,500,000.  If you are a buyer and interested […]

Southern California vs Silicon Valley in battle for tech supremacy

July 27, 2015

Southern California vs Silicon Valley in battle for tech supremacy

Having worked in Silcon Valley for years and also being a native Southern Californian has me with my heart in two places.  So, when I see comparisons of SoCal vs Norcal and especially in the tech world, I get excited to see more movement down to Southern California as tech/startup world is very exciting. This […]

Prices Still Rising In Orange County

June 30, 2015

Prices Still Rising In Orange County

Prices continue to show gains for the areas of Newport Beach, Corona Del Mar, Newport Coast and Laguna Beach.  Most areas have surpassed their peak prices that occurred in around 2007.  Will prices continue to rise?  It seems the high end luxury homes have slowed a bit but the inventory still is at low levels. […]

Why So Many Chinese Buyers in Palo Alto and Along the Peninsula?

May 22, 2014

Why So Many Chinese Buyers in Palo Alto and Along the Peninsula?

Everybody reads about the large supply of Chinese buyers who are buying homes here along the Peninsula.  There are many agents, one prominent one who we all know and now has a plane to fly his Chinese buyers around, who target the Chinese buyers very heavily.  Buy, why are there so many Chinese buyers and […]