Christie’s @ HEDGE – San Francisco Exhibition of Post-War and Contemporary Art

SAN FRANCISCO | 16-22 APRIL 2015

Christie’s is pleased to partner with HEDGE to present an important exhibition in San Francisco of Post-War and Contemporary Art works which will be offered at auction this spring in New York. The exhibition will include works from the Collection of Ileana Sonnabend and the Estate of Nina Castelli Sundell as well as major works by artists such as Ruth Asawa, Richard Diebenkorn, Roy Lichtenstein, Ed Ruscha and Wayne Thiebaud.

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#ChristiesAtHedge

Source: http://www.christies.com/exhibitions/san-francisco-exhibition-of-post-war-and-contemporary-art-april-2015/?sc_lang=en#about-section

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Join Us Today! 70 Rancheria Road, in Kent Woodlands – Exclusively Offered at $6,300,000

JUST LISTED!!

70 Rancheria Road, in Kent Woodlands – Exclusively Offered at $6,300,000

Please join us today for the Broker’s Open: Thursday, April 9th from 11am-2:30pm

Catered Lunch by Stacy Scott

Bring and send your clients!

70 Rancheria Road_Cover Shot_Final

Beautifully situated on a serene and private ± 1.16-acre mesa and located just 15 miles over the Golden Gate Bridge, 70 Rancheria Road is one of the most desirable properties in prestigious Kent Woodlands, offering resort like living, all day sun and breathtaking views of Mount Tamalpais. Substantially rebuilt and expanded in 1996, this well-planned ± 5,868-square-foot home includes five uniquely designed bedrooms and five full and two half baths, as well as a wonderful one bedroom and one bath detached guest cottage. With a cobblestone driveway entrance leading to the residence, the elegantly gated property offers utmost privacy and security, yet sits just minutes away from the highly-acclaimed Kentfield schools, upscale shops and restaurants, and a myriad of hiking and biking trails. Inside, the exquisite home boasts large scale public rooms, an open floor plan and exceptional indoor-outdoor connection, highlighted by a professional chef’s kitchen and family room, with the finest finishes and appointments throughout. The magnificent grounds and pool were created by award-winning landscape architect Scott Colombo.

For Additional Information and Photos, please visit:

www.70RancheriaRoad.com 

1. Kitchen DSC_5008 2. Dining Room DSC_4834 2. Entrance DSC_4956 2. Fam Room DSC_4996 2. Garden DSC_4440  2. Library DSC_4904 2. Liv Room DSC_4830 copy 2. Pool and Garden View DSC_5141 70 Rancheria_Aerial Mt. Tam Cottage DSC_4750

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Just Listed!! 87 Shady Lane in Ross – Exclusively Offered at $2,295,000

Please join us for the:

Broker’s Open: Thursday, March 26th from 11am-2pm

Catered Lunch, Hosted by Bart Welles of Mortgage Services Professionals.

Bring and send your clients!

Open House: Sunday, March 29th from 1-4pm

1. Exterior Back DSC_3611

Located on one of the most coveted streets in Ross, 87 Shady Lane offers one level living with three bedrooms and three baths, open floor plan, great indoor-outdoor connection, beautiful gardens and a pool.  The gated 2,198 square foot residence is perfectly sited on .2373 level acres (per tax record) and enjoys all day sun, convenient access to both Downtown Ross and San Anselmo, the award winning Ross School, the Branson School, Phoenix Lake and a myriad of hiking and biking trails.

For additional photos and information, please visit: www.87ShadyLane.com

 

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CHINA’S ELITE BUY BAY AREA PROPERTIES AT RECORD RATE

It’s one of the most lucrative matchmaking events on the planet where realtors from 26 countries meet some of the wealthiest people in China. An invitation-only real estate trade show, highlighting elite properties from around the world, was held last December in Shanghai.

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But American realtors have the upper hand. Overseas Chinese spent $22 billion buying homes in the U.S. from March 2013 to the same period in 2014. That was up a whopping 72 percent from the year before and California is their most popular market.

“Offers are coming in from Chinese nationals. They’re all cash. They can close in seven days,” Michael Repka, the CEO of DeLeon Realty in Palo Alto, said. 

“There’s no loan contingency, no inspection and no appraisal,” Michi Olson from Alain Pinel Realtorssaid. “We just had one in the East Bay with 53 offers and the property went for $200,000 over the asking price.” 

Olson said the one who bought the East Bay property was from China.

At these trade shows, potential buyers look at videos showcasing homes from the Bay Area. Some buy them sight unseen.

“So they watch these high-end videos that walk people through the property and they a sense both the neighborhood and the house and then they will just wire the money in,” Repka said.

Competition among realtors is stiff. DeLeon’s marketing strategy includes videos and a website in Chinese. They also bought a Mercedes van to take buyers to open houses and have a plane to show Chinese the splendor of the Bay Area. The plane has a lucky Chinese number on its identification markings — an eight, not one but two of them. Local realtors are doing just about everything to get a slice of the Chinese pie.

Realtors are even asking cities to change addresses of homes Chinese are interested in, with the number four. That’s because the number four means “death” in Chinese — a definite no sale.

Hillsborough realtor Stanley Lo, from The Green Banker, has represented Chinese buyers for some two decades. He sells luxury homes that can go for $7 million and include six bedrooms, two dining rooms, a pool and a two-story guest house. The seller is a Chinese who wants a bigger home. So who are his clients?

“It’s a combination of entrepreneurs, businessmen, developers and real estate tycoons,” Lo said. 

Many of the homes they buy remain vacant most of the year. They’re called “ghost houses.” We saw one example that is $9 million property bought by a Chinese family.

“They actually came and purchased the home, but their purpose was only to come here next summer,” Olson said. 

A burgeoning middle class is now looking to invest their money in a safe haven, away from China’s polluted air and political and economic uncertainties. Additionally, in China you never have home ownership.

“In China, it’s a 70-year lease, so there are uncertainties. Nobody knows what’s going to happen 70 years from now right?” said one realtor. 

That’s another good reason to buy American.

Source: http://abc7news.com/realestate/chinas-elite-buy-bay-area-properties-at-record-rate/506609/

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Bay Area Projected to Lead U.S. for Multifamily Housing Income Growth in 2015

Multifamily property owners in major Bay Area regions can expect to see the largest gross effective income gains in the U.S. this year, thanks in part to a robust job market and limited supply, says a new report from Freddie Mac.hundreds

According to the company’s 2015 Multifamily Outlook, gross effective income for multifamily properties in the San Francisco metro area will increase by 4.9 percent this year, the largest projected gains of the top 70 metro areas in the country. The Oakland metro area ranks No. 2 on the list, with multifamily property income expected to grow by 4.2 percent. The San Jose metro area ties for fourth-highest projected multifamily property income gains in the country – 3.9 percent.

Rents in all three metro areas are expected to grow faster this year than their historical averages between 2000 and 2007, according to a chart accompanying the outlook. The Bay Area should also have fewer multifamily vacancies than the projected U.S. average of 4.8 percent. Freddie Mac forecasts 2015’s vacancy rate will be 3.0 percent inSan Francisco and 3.2 percent in Oakland and San Jose.

Freddie Mac identifies Oakland as one of the seven U.S. metro areas hit hardest during the recession and takes a closer look at the factors shaping the region’s multifamily housing market.

Oakland is one of three hardest-hit markets to regain all the jobs lost during the last economic crisis, according to Freddie Mac. Booming economic growth in San Francisco and San Jose will also help fuel demand and keep vacancy rates low.

“Much of the demand for housing in Oakland is coming from the thriving economies of neighboring San Francisco and San Jose,” Freddie Mac wrote. “As residents are being priced out of these Bay Area cities, people are moving to Oakland for more affordable housing. This will keep rent growth elevated and vacancies low, even as new supply comes online.”

Freddie Mac says that multifamily property owners in Oakland can expect rent-price growth to taper off in 2015 as more units reach the market, characterizing current construction activity in the region as “moderate.” The company also notes that San Jose had one of the highest levels of multifamily housing starts in the country in 2014.

Source: http://blog.pacunion.com/freddie-mac-2015-multifamily-outlook/

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JUST LISTED!! 117 Laurel Grove Avenue, Ross – Exclusively Offered at $6,995,000

A premiere, private estate, 117 Laurel Grove is in the middle of everywhere-San Francisco, Silicon Valley, Wine Country, trails, beaches and ski areas-yet occupies a world all its own.

 117 Laurel Grove_Exterior House Shot

South-facing on a green knoll with views of Mt. Tam and Mt. Baldy from almost every room, this unique house offers authentic, classical architectural character updated with contemporary styling and an ideal floor plan.

 Family Room_DDL

On the main level, the front door opens from a protected front porch into a foyer with the living room on the left and to the right, the dining room giving way to a formal butler’s pantry, kitchen and family room. A wide central staircase rises to a generous landing opening onto a master bedroom suite and three other gracefully proportioned bedrooms and baths.

 Kitchen 2_DDL

A sunny third story houses a fifth bedroom and bath, a playroom (or possible sixth bedroom, in-law suite or office), four walk-in closets, and generous additional storage space.

 Porch_DDL

The 1300-square-foot ground floor includes a wine cellar, a library with floor-to-ceiling glassed in bookcases, and a second large-windowed room with impeccably finished built-in shelves and cupboards. This level features three outside entrances and ample adjacent parking with easy access to a separate garage, carport, and gym. Either room could accommodate several workstations or be set up, as now, as a commodious personal library/office and separate entertainment area. Additional storage space, a separate bath, and sound-proofing from the rest of the house afford maximum flexibility for use of this space: home office, teenager retreat, playroom or schoolroom, hobby area and more.

Living Room_DDL

The grounds are stunning, with stone paths, roses, oaks and redwoods and other mature plantings surrounding a 15’x 50′ lap pool set in a level lawn. An orchard, a tree house, a rope swing, and a guest cottage are destinations off the footpaths that wind through gardens planted with boxwood topiaries and parterres as well as lush native species. A private well is used for irrigation.

 Dining Room 2_DDL

This superb, approximately 7,100 square foot home occupies a private, tree-screened world on nearly 1.5 acres, offering a resort-like setting with easy access to…everywhere.

For additional photos and information, please visit: www.117LaurelGroveAvenue.com

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Mortgage Rates Move Up From 21-Month Lows

Mortgage-Market-Survey-2-12-15

Erasing a one week dip to a 21-month low, the average rate for a conforming 30-year mortgage increased from 3.59 percent to 3.69 percent but remains 59 basis points below the 4.28 percent average rate at the same time last year.

Averaging 6.7 percent over the past twenty years, the 30-year rate hit all-time low of 3.31 percent in November 2012 and a three-year high of 4.58 percent in August 2013.

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Pacific Union Honored for Unique China Concierge Program

Pacific Union is thrilled to announce that we’ve been honored as “Best San Francisco Bay Area Luxury Real Estate Agency” by Hurun Report, a respected and influential publication that targets high-net-worth individuals in China.

At a Jan. 29 ceremony at the Pudong Ritz Carlton in Shanghai, Pacific Union Vice President of Marketing Jessica Frushtick personally accepted the award from Hurun Report Chairman and Chief Researcher Rupert Hoogewerf. Also in attendance at the gala were Elizabeth Harrington, North American publisher of Hurun Report, and Pacific Union’s dedicated China Concierge Cathy Li.

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Based on the results of Hurun Report’s Chinese Luxury Survey 2015, our firm earned the honor for our China Concierge program, a white-glove initiative that helps homebuyers from China purchase properties throughout Northern California. Through two Mandarin-speaking staff members based in Beijing and Shanghai, Chinese buyers can connect with a Pacific Union real estate professional to identify luxury properties, get advice on financing, learn more about local schools, and obtain immigration assistance.

Pacific Union officially launched its China Concierge program in early 2014, after company CEO Mark A. McLaughlin became inspired by a presentation about the growing impact of Chinese investors on the U.S. real estate market.

McLaughlin – one of just 10 U.S. corporate executives invited to attend an exclusive meeting by former U.S. Ambassador to China Gary Locke in December 2013 – expressed his deep appreciation for the Hurun Report honor and stressed Pacific Union’s commitment to offering Chinese homebuyers the highest level of service.

“I am both humbled and truly grateful for this prestigious honor and our acceptance as a brand by our valued clients in China,” McLaughlin said. “Pacific Union’s entire team of real estate and marketing professionals is dedicated to providing these clients with extraordinary service as they seek to purchase a home in the beautiful San Francisco Bay Area region.”

In May of last year, Pacific Union launched both Mandarin and English websites hosted on Chinese servers to better allow clients in the country to access property listings and information. We also offer a Mandarin-language version of our exclusive San Francisco Bay Area Real Estate Outlook 2017, which we unveiled in a live presentation last November.

Over the past year, Pacific Union’s China Concierge program has attracted the attention of prominent media outlets, including San Francisco Business Times, San Francisco Chronicle, San Jose Mercury News, and Bay Area TV station KPIX. Most recently, the initiative was mentioned by radio show The Takeaway, which dedicated an episode to foreign investment in the San Francisco and New York City real estate markets.

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Way To Go Redwood High School!!!

Redwood High School was just named one of the top high schools in the country and has an “A+” rating! Excellent!

 

Redwood High School

Read more at: https://k12.niche.com/redwood-high-school-larkspur-ca/

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JUST LISTED!! 14 Cypress Avenue, Kentfield – Exclusively Offered at $2,495,000

I’m so excited about my new listing in Kentfield! 14 Cypress Avenue is a must-see property! Exclusively listed at $2,495,000 with 5 bedrooms & 3 bathrooms, 2699 sqft (per architectural drawings) and on 0.2984 acre lot (per tax records). This home offers sweeping SW facing views of Mt. Tam, level lawn, great indoor-outdoor connection, and all day sun! Come join me for the Broker’s Open on Thursday, January 29th from 11am-2pm or the Open House on Sunday, February 1st from 1-3pm. For more photos and details visit: www.14CypressAvenue.com

0. Liv Room DSC_3734 1. Kitchen DSC_3707 2. Dining Room DSC_3717 2. Terrace Mt Tam View SC_3908 3. Master DSC_3777 4. Kitchen DSC_3702 5. Bathroom DSC_3752 6. Master 2 DSC_3783-2 Balcony Tam View DSC_3918 Lawn DSC_3963 Private Driveway DSC_3957Back Terrace DSC_3954

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