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House Hunter – Spotting a Multigenerational Fixer in Santa Cruz! [Virtual Tour Video]
So you say you are looking for a home where you can:
:1) add value
2) build “sweat equity”
3) move the entire family
4) convenient location on the Santa Cruz Eastside
5) Walking distance to restaurants, shops and hospital.
Let me know if you’re interested… I’d love to help a buyer write a winning offer or find similar like properties that you can add your personal touches to and enjoy the Santa Cruz life style.
Please LIKE and SUBSCRIBE My YouTube Channel: https://bit.ly/LynneMacFarlaneSubscribe
Here are 5 reasons why having a digital savvy realtor using virtual real estate technologies benefits buyers and sellers in today’s demanding market: https://bit.ly/YourREadvisor
I’m a transition specialist – I’m a native born SF, proud of my city and the Bay Area and I love helping families pursue their home goals. I’m a member of the National Association of Realtors, California Association of Realtors and Silicon Valley Association of Realtors. I have an advance certificate as a Senior Real Estate Specialist and I’m also an affiliate member of the Professional Fiduciary Association of California, Silicon Valley Chapter
House Hunter Silicon Valley: 3 listings in the Santa Cruz Mountains (Sept 25, 2020)
Today we feature three properties in Redwood Estates, Ben Lomond, and Los Gatos mountains that allow multi-generational housing, acreage for spreading out and the proximity of being near major tech hubs and headquarters. The properties in Santa Cruz Mountains offer exceptional views, peace & tranquility – what better place to gather family with a sprawling compound and room to play!
21399 Lee Dr Los Gatos, CA 95033 3 bedroom/ 3 bath 2,535 SqFt, 1 acre lot Listed by Compass at 1.45M
For more info: https://bit.ly/340XLDv
Wonderful neighbors, great community and excellent Los Gatos schools.
Coming Soon – Ben Lomond 3 bedroom / 5 Bath 5,656 SqFt 200+ acres Listed at 4,250,000.
Call me for more details: 831.346.2743
485 Cresci Road Los Gatos, CA 95033
4 bedrooms / 3 bath 3,263 SqFt, 4.5 acres Listed at 1.249 by Coldwell Realty
For more info: https://bit.ly/331c9ws
This property at the time of recording has been on the market for 138 days, but don’t let the days on market worry you about the stigma of ‘something must be wrong with the property’!
Often these mountain properties have longer days on market but also remember we had the CZU fires (Here’s my vlog post https://youtu.be/gLbKNZ9SX9I ) and sometimes new buyers who aren’t used to the features of country living (such as living with septic, well water, foundation inspection, just to name a few) all these new systems can be a bit alarming to ‘city folks’! Having an inspection and becoming familiar with reports is important so buyer and seller know how to proceed.
If you’re interested in any of these listings or interested in discussing what your home is worth, give me a call 831-346-2743 text or voice.
I’ll help you get through any new transitions you’d like to make with ease and confidence so you can focus on what’s important in your life.
831-346-2743 text anytime!
Lynne Watanabe MacFarlane, MCDM, SRES | Realtor
PFAC Silicon Valley affiliate
Intero | A Berkshire Hathaway Affiliate
Text/voice: 831-346-2743
DRE# 02066698
www.lynnemacfarlane.com
NEW LISTING! 21471 Lee Drive Los Gatos – Redwood Estates 95033
Shhh~ I’ve got a secret. It won’t last long, especially at this list price and it has Los Gatos schools, sits quietly among ancient redwoods and at the end of the cul-de-sac right next to the HOA greenbelt! Come with me and make this your private 2BD, 2BA cabin in the woods, ideal for someone who’s looking for that down to earth country lifestyle but still close to downtown Los Gatos (10 mins) and surfing in Santa Cruz (20 mins); Redwood Estates has it’s own fire station, USPS, country store and more!
List price $699,000.
Property website: https://bit.ly/21471LeeDr
Interview with Bob Harrison, Creative Design Builders – 21471 Lee Drive Los Gatos [Video]
Finding the right luxury builder is as important as designing your new custom home; the question is, do you have the same vision. Today we had a conversation with Bob Harrison, Creative Design Builders at his home in the Los Gatos Mountains, who designs with heart and technical expertise. Bob specializes in high-end luxury properties in the hills above Los Altos, Palo Altos and enjoys the challenges that come with hillside properties while embracing the natural landscape. He speaks specifically about how to add value to 21471 Lee Drive, the cozy cabin nestled in the Redwood Estates. Kick back and take a listen.
New Listing!! 21471 Lee Drive Los Gatos – Adorable Cabin in the Woods [Video]
2 Bedroom, 2 Bathroom Building: 1,100 SqFt Apprx Lot: 18,797 SqFt
List Price: $699,000.
Who knew you could get away from it all, while so close to town!
This rare opportunity for a charming 2BD, 2BA mountain getaway sits in desirable Redwood Estates adjacent to the community protected open green space. Stairs bring you down to this secluded cottage, not visible from the street. This beloved cozy mountain cottage has been completely remodeled from ground up, with a 1 BD 1 BA unit upstairs, and a separate entry to the 1 BD 1 BA downstairs (can easily be used as partial rental). Custom Alderwood cabinetry, 2 brand new decks & steps to separate entry, new dishwasher, new low profile microwave, new interior paint, new carpet in bedrooms, and beautiful views from every window. Central heat, inside laundry, plenty of storage.
Make this secret mountain cottage yours! Private community pool access only for Redwood Estate residents.
Easy hop on Hwy 17, 10-minute commute to downtown Los Gatos, top Los Gatos schools, 20 minutes to Santa Cruz. Schedule a tour today (below).
Welcome home!
Visit the property website: https://bit.ly/21471LeeDr
Schedule a tour: https://bit.ly/CozyCabinLeeDrive
Prosperity Home Mortgage – Interview with Rashel Yadegari [Video]
Today I interviewed Rashel Yadegari, Prosperity Home Mortgage as we discuss the common lending myths in the home buying process. If you have any questions with the lending process, please don’t hesitate to contact me or Rashel. Hope you enjoy my interview, as it is meant to be a open conversation and an ongoing discussion; I believe it’s best be informed so you can make smarter decisions.
Rashel Yadegari, Prosperity Home Morgage, Mortgage Consultant
NMLSR ID: 1246397
Cell: 408-912-0570
email: Rashel.Yadegari@phmloans.com
Lynne Watanabe MacFarlane, MCDM, SRES | Realtor
PFAC Silicon Valley affiliate
Intero | A Berkshire Hathaway Affiliate
phone 831.346.2743
DRE# 02066698
www.Intero.com | facebook | linkedin | blog | videos| luxury home collection | committed to our community
Thanks for your interest!
SF Bay Area Real Estate Market Doesn’t Stop After Shelter-In-Place
The San Francisco Bay Area real estate market had begun to rebound in the first two months of the year 2020, with strong buyer demand, often with multiple offers, after a flattening of prices in 2019. But the shelter-in-place (SIP) and stock market tumble caused by uncertainty of the pandemic slowed listings and sales.
Just last week real estate agents and other professionals who are deemed as ‘essential workers’ are allowed to work with the CDC guidelines. With these new strict guidelines real estate agents can not show open houses, give tours and must not show homes with sellers who are still residents of the property. Empty residential properties can be shown with a single agent and with only two prospective buyers. Virtual tours using video (real-time or recorded) is highly encouraged (more on Virtual Agents here).
As one can suspect, this has caused much disruption in the buying and selling of homes but it has not prevented sales by any means! Here’s a snapshot of the most important metrics to keep you informed on the real estate landscape, it includes sold homes, new listings, Transactions Fell Through (TFT) and withdrawn homes. These graphs are gathered and summarized for all five MLSListings’ Counties (San Mateo, Santa Clara, Monterey, San Benito and Santa Cruz Counties) by Aculist/ MLSListings.
Interesting to note is that despite the fact that there is a -25% difference between last year and this year’s new properties on the market, there is -14% difference of sold. This could be because it usually lags 30 days (entered escrow around that time). But not surprising we see an increase of TFT (40%), cancelled (34%) and withdrawn (87%) from last year.
Here we see a big difference between the new 2019 listings in blue vs. the new 2020 listings in orange after SIP.
Here we find a fairly regular pattern between the sold listings in 2019 vs 2020 (by the week). It will be very interesting to note what will happen in the next two weeks.
Until then we wish you good health and take the necessary precautions to keep you and your family well!
Questions? Text me if you have any plans on selling, buying or investing in 2020. Feel free to ask for a complimentary market analysis and we can discuss your needs!
(831) 346-2743 text/voice anytime
lmacfarlane@intero.com
If you want to know what’s going on in the market, sign up here!
Congratulations to our new homeowners!
Congratulations to first time homeowners, Viv and Steve!
~ Welcome, welcome, welcome to beautiful San Jose, California! ~
I admired their fortitude during multiple offers in a fierce competitive market and wanting to own a single family home (vs. condo/townhouse). They knew that a single family home would appreciate more, they had to jump into the real estate market, and after discussing their desire to put in ‘sweaty equity’ by doing their own remodeling and cosmetic fixes rather than buying a home that was ‘turn-key’ they had to make difficult decisions that was within their budget. They ultimately found a home with unique character, attractive curb appeal, and with a detached garage which could be used as a workshop or possibly an ADU (granny unit) for passive income. The larger lot is big enough to build an addition…their options are there for future use.
Congratulations again to Viv and Steve on making an offer to a home that will forever be remembered as the Valentine’s Day, gift of love, a cozy home!
Built-in cabinets, wide baseboard, casement windows from every room.
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- Cozy living room with wide picture window
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- Beautiful craftsman-style home
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- Buyer’s Process begins with education
Q4 2019 Market Overview of Santa Cruz County – from MLS Listings
Q4 2019 Santa Cruz County Market
• Median sales prices for single-family homes in Santa Cruz County hit the highest Q4 level ever at $888,725.
• Overall, the market is a bit tighter than it was at this time last year, with fewer new listings and less inventory. The number of sales decreased just slightly and, surprisingly, median days on market increased to 40 days from 29.
• “Notwithstanding the increase in median days on market, it’s clear that traveling down the freeway may get you lower prices but it certainly doesn’t get you an easier market.” – Eliot Eisenberg, PhD, MLSListings Partner Economist
• Although median sales prices eased just a bit from last year, most other metrics show that the common interest market in Santa Cruz County is still very tight.
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Single Family Homes in Santa Cruz (MLSLISTINGS) – Feb 4, 2020
For private tours & buyer consultation meeting, contact Lynne MacFarlane, Realtor
DRE #02066698
(831) 346-2743 text/voice
Q4 2019 Market Overview of San Mateo County – from MLS Listings
San Mateo County – Q4 2019
• In San Mateo County, median sales prices for single family homes rose to an all-time high of $1.544 million.
• Inventories have rebounded slightly from 2017 but are still very low.
• Sales are dismal; the weakest they’ve been since 2008.
• All metrics still point to a very tight market – there are very few active listings, median days-on-market is just 14 and final sales price is consistently well above listing price.
• “Even with prices hovering around $1.5 million, there’s simply nothing to buy.” – Elliot Eisenberg, PhD
• The common interest market in San Mateo is not quite as tight as the single-family market and seems to have loosened up a bit from last year, as seen in median sales price declining from $920k to $901k, and days on market rose slightly. However, inventories remain tight.
For private tours & buyer consultation meeting, contact Lynne MacFarlane, Realtor
DRE #02066698
(831) 346-2743 text/voice
