San Francisco Peninsula Real Estate

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

San Francisco Peninsula Real Estate header image 4

Entries Tagged as 'East Palo Alto real estate'

It is a priviledge to work with Habitat for Humanity

March 3rd, 2010 · No Comments

Last summer, I was chosen by Habitat for Humanity to be their exclusive buyer agent for Habitat’s Neighborhood Revitalization Program. Coldwell Banker and I donate the majority of any commissions earned on these purchases back to Habitat.
This Habitat program has been funded in part by contributions from the City of Menlo Park.
The City has considered […]

[Read more →]

Tags: Habitat for Humanity · REO · Foreclosures · East Palo Alto real estate · Menlo Park Real Estate · Inspiration

Real Estate Market to Rebound in 2011

March 1st, 2010 · No Comments

so says Warren Buffet…………
The Real Estate Bloggers report that Warren says:
“within a year or so, residential housing problems should largely be behind us”
“prices will remain below “bubble levels””
“many families that couldn’t afford to buy an appropriate home a few years ago now find it well with their means”
Click here for full article.
I would say Don’t […]

[Read more →]

Tags: Redwood City real estate · Portola Valley Real Estate · Mountain View real estate · East Palo Alto real estate · los altos real estate · Palo Alto Real estate · San Carlos Real Estate · Menlo Park Real Estate

2384 Oakwood Drive, East Palo Alto foreclosure opportunity

February 22nd, 2010 · No Comments

I previewed the following East Palo Alto for a client of mine today.
2384 Oakwood Drive 3 bedrooms 2 baths $209,000.
This is a REO property.

[Read more →]

Tags: REO · First-time home buyers · Foreclosures · East Palo Alto real estate

Foreclosure Opportunities in East Palo Alto and Menlo Park

December 3rd, 2009 · No Comments

One of the most active and strongest markets on the San Francisco Peninsula can be found in the Belle Haven area of Menlo Park and in East Palo Alto.
Most of the listings in these areas are either short sales or foreclosures.
Run-down fixer uppers can be found sometimes below $200,000 and generally between $200,00 and $250,000.
These […]

[Read more →]

Tags: Foreclosures · First-time home buyers · Short Sales · East Palo Alto real estate · Menlo Park Real Estate · Investment Real Estate

The real estate market on San Francisco Peninsula has heated up

September 17th, 2009 · No Comments

In my previous few posts, I documented that the number of homes sold in San Carlos Menlo Park and Palo Alto during the second quarter of 2009 was TWICE the number of homes sold in the first quarter of this year.
The numbers tell the story - but stories also illiminate the numbers.
I recently wrote an […]

[Read more →]

Tags: Redwood City real estate · Portola Valley Real Estate · Mountain View real estate · First-time home buyers · East Palo Alto real estate · los altos real estate · Palo Alto Real estate · Sunnyvale Real Estate · San Carlos Real Estate · Menlo Park Real Estate

Habitat for Humanity purchases their first REO in Menlo Park

March 27th, 2009 · No Comments

Habitat for Humanity just entered into contract to purchase a home in the Belle Haven area of Menlo Park.
With the price of bank foreclosure REOs being so low, Habitat has started a program to buy existing homes, rehab them with volunteer labor and turn them over to new owner occupants.
If you have any lender contacts […]

[Read more →]

Tags: Habitat for Humanity · First-time home buyers · Foreclosures · East Palo Alto real estate · Inspiration

Is it a good time to buy?

March 2nd, 2009 · 2 Comments

That is the $64Million question on many folks’ minds.
Here is my “take”:
In my San Francisco Peninsula market, I would say:
Are there good values to be found? Yes.
Are we at botttom? Probably not. I expect contiuned downward pressure on prices. (In most San Francisco Peninsula cites, values are down maybe 10% to 20% from the peak […]

[Read more →]

Tags: East Palo Alto real estate · Redwood City real estate · Portola Valley Real Estate · Mountain View real estate · los altos real estate · San Carlos Real Estate · Menlo Park Real Estate · Palo Alto Real estate · Sunnyvale Real Estate · Investment Real Estate

Possible Solution to Foreclosure Problem - Open for discussion!

February 14th, 2009 · 5 Comments

On the San Francisco Peninsula, the City of East Palo Alto has been ravaged by foreclosures.
There are currently 89 homes listed for sale and over 70 of these are either REOs or short sales.
The average price in East Palo Alto went from $200,000 in 1998 to over $600,000 by 2007. Tripled!
The current average price is say […]

[Read more →]

Tags: Short Sales · Foreclosures · East Palo Alto real estate · Credit Information · Sub-Prime Mortgage Issue · Real Estate Finance

EPAToday interview with Henrietta June 2008 - Housing Market Update

February 10th, 2009 · No Comments

Here is a clip of an interview I did at EPA Today with Henrietta on the housing market in June 2008.
I will be doing another market update this Thursday February 9.
Representatives from EPA Can Do will also be on the panel and the topic will be the real estate market and what can be done […]

[Read more →]

Tags: Pending Legislation · Short Sales · Foreclosures · East Palo Alto real estate · Credit Information · Sub-Prime Mortgage Issue · Helpful Sites · Real Estate Finance

First-time buyers - this may be your opportunity to buy!

February 6th, 2009 · No Comments

Yes, the economy is weak and yes, we may not have seen the worst.
But if you feel your employment is secure, if you buy within your financial means, and if you wish to make the San Francisco Peninsula your home, this is a good time to buy.
Long-term, I think we can have confidence that the economy […]

[Read more →]

Tags: Foreclosures · East Palo Alto real estate · Real Estate · Inspiration