Provocative Real Estate

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Real Estate Broker/Owner - Catarra Real Estate, Inc - CA BRE #01191946
Market reports, sales analysis, listings, events, news and more related to real estate and the communities of Silicon Valley including Los Altos, Los Altos Hills, Mountain View, and others.

ARCHIVED BLOG POSTS

2009 

The SJ Mercury News printed a story about the new record low interest rates and their impact on sales.  The idea is that low mortgage rates will drive more buyers to finally step back into the market.The drop in interest rates is great for homes with conforming loans of $729,750 or less.  There a...
11/30/2009
A few days ago, the SJ Mercury News reported yesterday that the median home price in Silicon Valley increased for the first time in 2 years to $550,000 up 6.7% from October 2008.  This is great news for the market in general and ultimately helps Los Altos and surrounding markets.However, the medi...
11/23/2009
The number of foreclosures in Los Altos, Los Altos Hills, and Mountain View are small compared to other harder hit areas such as San Jose, Milpitas, and East Palo Alto. However, those areas had mostly subprime loans. The story now is that prime loans going into default have increased (in Q3) to 3...
11/19/2009
For those of you either looking at moving to Los Altos or living here now, the town has always had an issue with being too "Mayberry". It's a nice, small village but way to quiet and lacking the lively feel of Mountain View, Los Gatos or Burlingame. The town has been making efforts to increase bu...
11/16/2009
That headline deserves a big "duh!"The SJ Mercury reported yesterday that Silicon Valley foreclosure sales rose 15% in September and that Q3 affordability is down to 53% from 58% in Q2. Why? Prices are rising as low-end inventory is sold. New homes comes on and the prices are going higher.This is...
11/13/2009
The National Association of Realtors reported yesterday that the national median home price was up in Q3. At the same time, the article points out that 1 in 5 homes are still underwater - at risk of foreclosure.The rally is still at the low end of the market which is still a bit of a problem when...
11/11/2009
The Mountain View/Los Altos Union High School District is considering a new bond of $45 million to pay for improvements and expansion of the two high schools - Los Altos High School and Mountain View High School.  The district has a continuation school for troubled students that isn't included in...
11/09/2009
Today is tour day and we're really light on new listings which is typical this time of year.  Here are the stats:Tour InventoryLos Altos: 6 new properties, 5 retoursLos Altos Hills: 0 new properties, 0 retoursMountain View: 3 new properties, 5 re-toursOverall InventoryLos Altos: 91 homes and cond...
11/06/2009
One of the biggest impacts on real estate values is the local crime rate. The higher the crime rate, especially violent crimes, the lower the property values tend to be. Los Altos has an extremely low crime rate, especially violent crimes. However, it isn't up to your Realtor to simply tell you s...
11/04/2009
As of today there are 9 active or pending properties in Los Altos that are either short sales or bank owned (REO). Of those, 7 are single-family homes and 2 are townhouses/condos. The best deal in the bunch is a 3078 sq.ft. home on Lincoln Ave that went pending with a price of $799,000. That's an...
11/03/2009
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