Bay Area California Real Estate Blog and News

Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC]

Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years!
  • The generations agree! Real estate is the best investment!
  • Generation X leads the way with 37% believing in real estate as the top investment.
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Just Sold, 59 Alconbury Way, Novato

Picture of 59 Alconbury Way, Novato

My clients just became the newest owners of this lovely family home at 59 Alconbury Way in Novato's Hamilton Field. In a convenient commute location, close to stores, restaurants, and services, and featuring 3 bedrooms, two baths, and a large two-car garage, it has everything they need. They're looking forward to moving in and becoming a part of this quiet, well-maintained neighborhood.  If you're looking for your next home and an innovative, persistent advocate to help with your search, call me; I'll look forward to hearing from you.

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Will Your Current House Fit Your Needs in Retirement?

Will Your Current House Fit Your Needs in Retirement? | MyKCM

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement.

According to the National Association of Exclusive Buyers Agents (NAEBA), there are 7 factors that you should consider when choosing your...

Lack of Listings Slowing Down the Market

Lack of Listings Slowing Down the Market | MyKCM

As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall to their lowest points in years. There is no doubt that the housing market will continue to strengthen throughout 2018.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory!

Here’s what a few industry experts have to say about the current inventory crisis:

Lawrence Yun, Chief Economist ...

25 Canyon Rd. San Anselmo - Just Sold

25 Canyon San Anselmo sold by Ary Assadi

So excited to get my clients into this beautiful 3BD/2.5BA home at just under 2,100 SF. Built in 1996 this home is absolutely turn-key. The inspections came back with absolutely no issues and the home is located in the most serene woodsy setting in the hills of San Anselmo. We initially began our search for homes in the East Bay, but quickly realized that there were betty deals to have had in Marin. Taking advantage of the slight summertime lull in the market we quickly snatched up this home for $1,200,000. I couldn't be more overjoyed for my clients who now have their new home and enough space to welcome their second child in a couple of months!
Ary Assadi
Marin Modern Real Esate
Ary@MarinModern.com
415-216-5653
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5765 Harbord Dr. in Montclair - Just Sold

Montclair Just Sold Ary Assadi

5765 Harbord Dr. in Oakland's Montclair neighborhood was a pleasure to prepare, list and sell. My seller client had lived there for almost 20 years so prepping the home for sale took some planning, organizing and executing. First I helped her find a wonderful new and smaller home to purchase. Once the move took place we had a crew of people come to clean, paint, and stage to the home and get it ready for the market.
One lucky buyer took advantage and now owns this beautiful home. The final sales price came in at $1,160,000 and the new owner will surely makes this their home for many years...

Housing Will Not Fall Victim to Next Economic Storm

Housing Will Not Fall Victim to Next Economic Storm | MyKCM

Some experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question is, what impact will a recession have on the housing market?

Here are the opinions of several experts on the subject:

Ivy Zelman in her latest “Z Report”:

“While economic activity appears to have accelerated so far in 2018, some prominent economic forecasters have become more cautious about growth prospects for 2019 and 2020…

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340 Olema Road Fairfax CA 94930 - Off Market Listing!

340 Olema Road Fairfax CA 94930 - Off Market Listing!

340 Olema Road Fairfax - Off Market

A rare and unique property in the flats of Fairfax CA! 340 Olema Road Fairfax is a magnificent property that will appeal to a wide range of luxury home buyers. Perfect for active empty nesters or early retirees that want one level living as they look towards the future yet are still enjoying outdoor activities, gardening and entertaining. Also ideal for families or young professionals that want to enjoy the ample indoor and outdoor spaces. Property is .955 acre of flat usable space with well defined areas, beautifully landscaped and ideal for those that want to enjoy the outdoors at home.

340 Olema Road Fairfax - Great Room...

First-Time Home Buyers Continue to Put Down Less Than 6%!

First-Time Home Buyers Continue to Put Down Less Than 6%! | MyKCM

According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.

Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers and 54% of all buyers put less than 20% down.

Ralph McLaughlin, Chief Economist and Founder of Veritas Urbis Economics, ...