San Francisco Peninsula Real Estate

Arn Cenedella’s Real Estate Advice, Counsel, and News for Peninsula Buyers and Sellers

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San Carlos Real Estate Update 6/21/09

June 21st, 2009 · No Comments

The San Carlos market has heated up over the past month - inventory down and pending sale to active listing ratio has increased from under 50% to almost 75%.

Here is this week’s data for San Carlos:

8 new listings this week in San Carlos.

6 new pending sales this week in San Carlos.

55 current active listings in San Carlos.

44 current pending sales in San Carlos.

74.5% pending ratio.

San Carlos Real Estate Update 5/31/09

San Carlos Real Estate Updat 5/24/09

San Carlos Real Estate Update 5/17/09

San Carlos Real Estate Update 5/10/09

San Carlos Real Estate Update 5/3/09

San Carlos Real Estate Update 4/19/09

San Carlos Real Estate Update 4/12/09

San Carlos Real Estate Update 4/5/09

San Carlos Real Estate Update 3/29/09

San Carlos Real Estate Update 3/22/09

San Carlos update 3/15/09

San Carlos update 3/6/09

San Carlos update 2/27/09

For real-time San Carlos market updates, click here.

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Redwood City Real Estate Update 6/21/09

June 21st, 2009 · No Comments

Here is this week’s data:

12 new listings this week in Redwood City

18 new pending sales this week in Redwood City

137 current active listings in Redwood City.

100 current pending sales in Redwood City.

73.0% pending ratio.

Redwood City Real Estate Update 5/31/09

Redwood City Real Estate Update 5/24/09

Redwood City Real Estate Update 5/17/09

Redwood City Real Estate Update 5/10/09

Redwood City Real Estate Update 5/3/09

Redwood City Real Estate Update 4/19/09

Redwood City Real Estate Update 4/12/09

Redwood City Real Estate Update 4/5/09

Redwood City Real Estate Update 3/29/09

Redwood City Real Estate Update 3/22/09

Redwood City update 3/15/09

Redwood City update 3/6/09

Redwood City update 2/27/09

For real-time Redwood City listing updates, click here.

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Palo Alto Real Estate Update 6/21/09

June 21st, 2009 · No Comments

The Palo Alto market appears to be picking up a little as pending ratio has increased to 50% over the past few weeks.

Here is this week’s update:

16 new listings this week in Palo Alto.

4 new pending sales this week in Palo Alto.

119 current active listings in Palo Alto.

60 current pending sales in Palo Alto.

50.4% pending ratio.

Palo Alto Real Estate Update 5/31/09

Palo Alto Real Estate Update 5/24/09

Palo Alto Real Estate Update 5/17/09

Palo Alto Real Estate Update 5/10/09

Palo Alto Real Estate Update 5/3/09

Palo Alto Real Estate Update 4/19/09

Palo Alto Real Estate Update 4/12/09

Palo Alto Real Estate Update 4/5/09

Palo Alto Real Estate Update 3/29/09

Palo Alto real estate updated 3/22/09

Palo Alto update 3/15/09

Palo Alto update 3/6/09

Palo Alto update 2/27/09

 For real-time listing updates to your cell phone, click here.

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Mountain View Real Estate Update 6/21/09

June 21st, 2009 · No Comments

The Mountain View market appears to be heating up as the pending sale to active listing ratio has increased from around 50% to over 75% in the past month.

Here are this week’s numbers:

7 new listings in Mountain View this week.

11 new pending sales in Mountain View this week.

63 current available listings in Mountain View.

48 pending sales in Mountain View.

76.2% pending ratio.

Mountain View Real Estate Update 5/31/09

Mountain View Real Estate Update 5/24/09

Mountain View Real Estate Update 5/17/09

Mountain View Real Estate Update 5/10/09

Mountain View Real Estate Update 5/3/09

Mountain View Real Estate Update 4/19/09

Mountain View Real Estate Update 4/12/09

Mountain View Real Estate Update 4/5/09

Mountain View Real Estate Update 3/29/09

Moutain View Real Estate 3/22/09

Mountain View Real Estate Update 3/15/09

Mountain View Real Estate Update 3/6/09

Mountain View Real Estate Update 2/27/09

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Menlo Park Real Estate Update 6/21/09

June 21st, 2009 · No Comments

It is appears that the Menlo Park market has been fairly stable over the past month as the ratio of pending sales to active listings has remained fairly stable.

Here are this week’s numbers:

13 new listings in Menlo Park this week.

10 new pending sales in Menlo Park this week.

101 current available listings in Menlo Park.

52 pending sales in Menlo Park.

51.5 % pending ratio

Menlo Park Real Estate Update 5/31/09

Menlo Park Real Estate Update 5/24/09

Menlo Park Real Estate Update 5/17/09

Menlo Park Real Estate Update 5/10/09

Menlo Park Real Estate Update 5/3/09

Menlo Park Real Estate Update 4/19/09

Menlo Park Real Estate Update 4/12/09

Menlo Park Real estate Update 4/5/09

Menlo Park Real Estate Updated 3/29/09

Menlo Park Real Estate Update 3/22/09

Menlo Park Real Estate Update 3/15/09

Menlo Park Real Estate Update 3/6/09

Menlo P ark Real Estate Update 2/27/09

For real-time listing updates for Menlo Park sent to your phone, click here

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Use IRA funds to purchase income producing real estate

June 21st, 2009 · No Comments

I recently represented a buyer who used their IRA funds to purchase a single family home for investment.

The purchase price was $258,475.

Since the property was purchased with cash from the buyers’ IRA accounts, closing costs were minimal since no loan costs were involved.

Closing costs were approximately $2,500 so total cash invested was $260,975.

This 3 bedroom 1 bath has has been rented for $1,800 per month or $21,600 per year.

Let’s look at the numbers:

Rental income: $21,600

less 5% vacancy factor: -$1,080

Effective rental income: $20,520

less property taxes: -$3,230

less insurance: - $675

less maintenance: -$2,000

Net income: $14,625

$14,625 income on $260,975 invested = 14,265/260,975 = 5.6% return on cash invested with NO APPRECIATION.

This property was purchased in an area where the average price was over $600,000 in 2006.

If the real estate market recovers at all, this will prove to be a very nice investment.

Even if sale values do not go up, rental rates can go up and increase return.

Please let me know if you would like more information on use of IRA funds to purchase real estate and/or real estates notes at a discount.

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Menlo Park Real Estate Update 5/31/09

May 31st, 2009 · 1 Comment

Here are this week’s numbers:

5 new listings in Menlo Park this week.

7 new pending sales in Menlo Park this week.

103 current available listings in Menlo Park.

59 pending sales in Menlo Park.

48.6 % pending ratio

Menlo Park Real Estate Update 5/24/09

Menlo Park Real Estate Update 5/17/09

Menlo Park Real Estate Update 5/10/09

Menlo Park Real Estate Update 5/3/09

Menlo Park Real Estate Update 4/19/09

Menlo Park Real Estate Update 4/12/09

Menlo Park Real estate Update 4/5/09

Menlo Park Real Estate Updated 3/29/09

Menlo Park Real Estate Update 3/22/09

Menlo Park Real Estate Update 3/15/09

Menlo Park Real Estate Update 3/6/09

Menlo P ark Real Estate Update 2/27/09

For real-time listing updates for Menlo Park sent to your phone, click here

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Mountain View Real Estate Update 5/31/09

May 31st, 2009 · 1 Comment

Here are this week’s numbers:

7 new listings in Mountain View this week.

10 new pending sales in Mountain View this week.

72 current available listings in Mountain View.

36 pending sales in Mountain View.

50.0% pending ratio.

Mountain View Real Estate Update 5/24/09

Mountain View Real Estate Update 5/17/09

Mountain View Real Estate Update 5/10/09

Mountain View Real Estate Update 5/3/09

Mountain View Real Estate Update 4/19/09

Mountain View Real Estate Update 4/12/09

Mountain View Real Estate Update 4/5/09

Mountain View Real Estate Update 3/29/09

Moutain View Real Estate 3/22/09

Mountain View Real Estate Update 3/15/09

Mountain View Real Estate Update 3/6/09

Mountain View Real Estate Update 2/27/09

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Palo Alto Real Estate Update 5/31/09

May 31st, 2009 · 1 Comment

Here is this week’s update:

13 new listings this week in Palo Alto.

10 new pending sales this week in Palo Alto.

139 current active listings in Palo Alto.

55 current pending sales in Palo Alto.

39.6% pending ratio.

Palo Alto Real Estate Update 5/24/09

Palo Alto Real Estate Update 5/17/09

Palo Alto Real Estate Update 5/10/09

Palo Alto Real Estate Update 5/3/09

Palo Alto Real Estate Update 4/19/09

Palo Alto Real Estate Update 4/12/09

Palo Alto Real Estate Update 4/5/09

Palo Alto Real Estate Update 3/29/09

Palo Alto real estate updated 3/22/09

Palo Alto update 3/15/09

Palo Alto update 3/6/09

Palo Alto update 2/27/09

 For real-time listing updates to your cell phone, click here.

→ 1 CommentTags: Palo Alto Real estate

Redwood City Real Estate Update 5/31/09

May 31st, 2009 · 1 Comment

Here is this week’s data:

10 new listings this week in Redwood City

12 new pending sales this week in Redwood City

160 current active listings in Redwood City.

87 current pending sales in Redwood City.

54.4% pending ratio.

Redwood City Real Estate Update 5/24/09

Redwood City Real Estate Update 5/17/09

Redwood City Real Estate Update 5/10/09

Redwood City Real Estate Update 5/3/09

Redwood City Real Estate Update 4/19/09

Redwood City Real Estate Update 4/12/09

Redwood City Real Estate Update 4/5/09

Redwood City Real Estate Update 3/29/09

Redwood City Real Estate Update 3/22/09

Redwood City update 3/15/09

Redwood City update 3/6/09

Redwood City update 2/27/09

For real-time Redwood City listing updates, click here.

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