CapitolaMONTEREY COUNTYRetirementSANTA CLARA COUNTYSanta Cruz CountyVacation Property April 19, 2021

Why This Is a Great Year to Sell Your Vacation Home

As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The National Association of Home Builders (NAHB) reports:

Second homes (i.e., homes sold to buyers who are not going to occupy the home year-round, but use it as a vacation home, investment property, etc.) account for 15 percent of new single-family home sales.”

 

Lynne MacFarlane Homes - Silicon Valley to Monterey Bay

Capitola-by-the-sea

It’s not surprising that there’s an increase in demand for vacation homes. The majority of Americans are realizing they prefer to be around small groups, as shown in a recent survey from The Harris Poll:

“Social distancing taught consumers new things about how they like to socialize; (75%) said, ‘during COVID social distancing I realized I preferred smaller social gatherings at home or at friends’ place.’”

Not only are vacation homes seen as a potentially more pandemic-friendly way to travel and socialize, but they can also serve as an extended home-away-from-home. With more Americans being given the option to continue working remotely or retire earlier than expected, vacation homes can be used year-round. The NAHB explains:

“Remote work arrangements have made it possible for some wealthier Americans to move to alternate locations that are not just small, suburban shifts from within their current metro area.  More fundamentally, second home demand may also be benefitting by an acceleration of retirement plans, as well as stock market gains.”

Bottom Line

The demand for vacation homes has increased and will continue to rise as we head into summer. If you own a house in a destination area and have thought about selling, now is a great time to take advantage of today’s high buyer interest. Let’s connect to discuss your opportunities in our local market.

Call me or text me anytime!

(408) 800-1141

(831) 346-2743

 

Lynne Watanabe MacFarlane, MCDM, SRES Realtor

Intero | Berkshire Hathaway affiliate

PFAC Silicon Valley affiliate

Silicon Valley to Monterey Bay – We’ve got you covered!

www.lynnemacfarlane.com

LMACFARLANE@intero.com

“How much is my home worth” or https://sfbay.areahomevalues.net/

DRE#02066698

investorsMONTEREY COUNTY April 4, 2021

Determining Cash Flow By Using Rentometer – Lynne MacFarlane, Realtor [Video]

I like to educate my clients and friends about what’s going on in the real estate market and depending on whether you’re a seller or buyer (or investor) I’ll give you the facts so you can make informed decisions. Several folks in the Bay Area are interested in buying in Monterey county. I thought I’d go over what’s happening in Monterey (click here for  the RealScout report), if you’re thinking of getting a second home or buying a retirement condo but would consider using it as a rental until it’s time to retire.

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Here’s the Link for an Up-to-Date Market Report for Monterey Condos/ Townhomes

https://lynnemacfarlane.realscout.com/…/NzYyOTJfX2NpdHk…

Monterey Market Report - Lynne MacFarlane, Realtor

Here’s a great tool that I like to use to determine what the average rent is for a specific area, it’s called Rentometer – As an investor you can take a peek by plugging in an address and enter the number of bedrooms and baths. Here is an example below

Here’s a brief video on how  you can determine if a purchased property is cash flow positive using Rentometer (and any mortgage calculator).

By Using Rentometer – Lynne (Watanabe) MacFarlane, Intero Real Estate Services — Watch Video

Search for your vacation or retirement home in Monterey California here

Call me today and let’s arrange a casual coffee or Zoom meeting for any of your real estate questions and locations of interest.

831-346-2743

Lynne MacFarlane, MCDM, SRES, SRS
Intero Real Estate Services | Berkshire Hathaway affiliate
Lmacfarlane@intero.com

Intero logo

 

Housing MarketMarket ReportMid-PeninsulaMONTEREY COUNTYSAN MATEO COUNTYSANTA CLARA COUNTYSanta Cruz County June 30, 2020

Are People Really Leaving San Francisco For The Suburbs? [Video]

 

Here’s my latest vlog post – I hope you and your family are doing well, staying healthy.

One of the first trends that became evident when quarantines began was the large number of young professionals who had gone home to wait out the virus with their parents. Having left the cities where they work and return to their hometowns, many of these young people may not go back. If the work-from-home situation continues – or if their jobs are eliminated – they might find themselves moving back home for good. This may be one of the factors to my discussion here on this post.

As the quarantine lifts, what are the potential market shifts and migration patterns in the SF Bay Area will we see?

Let me know if you or someone you know is interested in making a change (moving to a bigger home with more office space, multi-generational living, layout changes, bigger garden or fresher outside living at the oceanside.) I’m always here to help you make informed, knowledge-based decisions in the shifting markets!

There is a record nine year high in the number of homes on the market in S.F. as it continues to represent 60% more inventory than at the same time last year and 110% more inventory than in 2015 (according to http://socketsite.com/archives/2020/06/most-homes-on-the-market-in-san-francisco-in-nine-years.html)

Check out this IRS Tax Migration site: https://www.howmoneywalks.com/irs-tax-migration/
If you have any questions or curious to learn about the Santa Clara, Santa Cruz and Monterey Counties, don’t hesitate to call.
Lynne Watanabe MacFarlane, MCDM, SRES Realtor
PFAC Silicon Valley affiliate
Intero | Berkshire Hathaway affiliate
831.346.2743 text/voice
L MacFarlane @ Intero. com