Silicon Valley Real Estate and Community News

Oct. 12, 2020

1982 West Bayshore Rd #223 East Palo Alto, CA

Check out this property as we show you its features on this Virtual Tour! Easy to come home to, move in ready! This house is a beauty--light and bright furniture living room with patio doors leading to the private balcony where you can enjoy breathtaking panoramic views or the Woodland Creek. This property is close to everything Palo Alto has to offer, Stanford shopping, Stanford University, easy access to 101, Downtown Palo Alto, and major tech companies.

Just listed!

1982 W Bayshore Road

1 Bed | 1 Bath | 776SqFt

$749,000 For more info:

☎️4085048772 📩graehamwatts@gmail.com 🌐www.graehamwatts.com

Call today and experience the GRAEHAM WATTS ADVANTAGE!

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Posted in Graeham Watts Blog
Oct. 8, 2020

8 Bedroom Property

Love entertaining family and friends? Staying at home for private gatherings would be so much fun as this property features 8 bedrooms perfect for accommodating your loved ones!

Posted in Graeham Watts Blog
Sept. 10, 2020

Sellers Perks: Low Inventory

Just recently, NAR reported that there aren’t enough homes listed in the market today compared to the number of buyers actively searching for homes to buy during this pandemic. 

 

According to National Association of Realtors (NAR): 

“Total housing inventory at the end of June totaled 1.57 million units, up 1.3% from May, but still down 18.2% from one year ago (1.92 million).”

 

Here’s a good graph below and the red bars indicates that the inventory of homes listed on the market continues to drop during the pandemic. Today, houses are being sold faster than they are listed which is creating a supply shortage. 

 

Buyers are eager to purchase these days! And because of the shortage of homes available, they’re encountering more bidding wars. This is one of the factors keeping home prices strong, an advantage for sellers.

Posted in Graeham Watts Blog
Sept. 10, 2020

The Housing Market Is Showing a ‘V’ Type Recovery.

The real estate market has already recovered from the downturn earlier this year. 

Here's a good graph to show you that we’re way ahead of where we were at this time last year. 

 

“Home buyer traffic jumped again in July, recording a 60.7 percent year-over-year increase in nationwide showing activity.” - ShowingTime

 

This report from ShowingTime, a leading showing software and market stat service provider for the residential real estate industry means that there are 60% more buyers who are serious and setting appointments to see the houses they are interested compared to the same time for the year 2019.

 

 

Frank Martell, president and CEO of Corelogic noted:

“On an aggregated level, the housing economy remains rock solid despite the shock and awe of the pandemic.” 

 

If you’re thinking about selling or buying a house, this may be a great time to get the best price and the most favorable terms.

Posted in Graeham Watts Blog
Sept. 9, 2020

Which Stone is Best for my Kitchen?

Stone Variations

Graeham Watts talks about different variations of stone that you can use for your kitchen counter tops. 

He visited this warehouse recently and learned a couple of information that he wants to share with you.

Difference of Quartz and Quartzite

One of the best that you can choose to put in your kitchen counter tops is the Quartzite since it’s the natural version of quartz. Apparently this is the most durable and you don’t need to reseal it, It can also withstand different temperature variations. Where Quartz is the Man-made Version of it.

 How about Granite?

Granite might be a lesser option since it isn’t that durable and if you subject it to different types of temperature, there’s a tendency that it will crack.

Let’s talk about Marble

One of the Interior Designers that He’s currently working with Ispyhomedesign share some good information about marble. Marble looks pleasing in the eye but is high maintenance! You always need to put down matting or something to protect the surface from different types of temperature like a hot plate or hot pots because it leaves a stain. It always have to be resealed and it cannot withstand different temperature as well. 

Check out This YouTube Video where Graeham Talks about these Stone Options. (click for YouTube video)

Sept. 9, 2020

The Housing Market's Recovery

Total transformation of the market from rock-bottom lows to exceptional highs. Today, the housing recovery is being called truly remarkable by many experts and is far exceeding expectations. From pending home sales to purchase applications, buyers are back in business and homes are selling – fast.

photo source: realtor.com

2020 will surely be a year to remember, Given the new normal that changed the way we lived in. This year's real estate is also not exempted to that shift. with new historic highlights that still continues to beat and break records and challenges that which many thought are possible in the housing market.

 

Posted in Graeham Watts Blog
Sept. 9, 2020

Graeham Watts Advantage - 1239 Jervis Avenue East Palo Alto

Graeham Watts with the Martin Team at Intero Real Estate transforms this home into a beautiful place to live in!

Clients purchased the home few months ago, and wanted to maximized the value that they are getting out of this property. With the initial condition of the home, there shows some cosmetic issues and some cracks, worn out floors and definitely needs a repaint! In order to get and achieve what the clients wanted, the team needed to do some updates and Graeham Watts wanted to share that home make-over with you!

One thing that Graeham offers to his client is what we call the Graeham Watts Advantage.

What is the Graeham Watts Advantage?

This great service means that they can take all the cost that Clients are incurring during the renovation period and they bill it to Escrow, Clients doesn't have to pay for any of this home improvement out of their pockets Upfront!

Check out this cool video where Graeham takes you to a house tour of one of his Projects!

1239 Jervis Avenue East Palo Alto (click for youtube video)

 

 

 

Sept. 8, 2020

Change in year Over Year Inventory From Feb 2020

 

Nationally, both urban and suburban areas are seeing homes sell more quickly than they were in February. There was a dip at the beginning of the crisis as people rushed to complete shopping. The time on market rose in both region types through the spring, peaking in mid-May before falling mostly in tandem, to faster than the February trend. Suburban time-on-market has dipped slightly lower than urban time-on-market as of July. See graph below:

 

Posted in Graeham Watts Blog
Sept. 8, 2020

Buyers Perks in the Housing Market: Low Mortgage Rate

The most impressive buyer perks today is the average mortgage interest rate. Mortgage rates hit an all-time low for the eighth time this year. The 30-year fixed-rate is now averaging 2.88%, the lowest rate in the survey’s history, which dates back to 1971.

“Purchasing power rose 10% year-over-year…With interest rates hitting record lows, buyers were able to afford $32,000 “more house” as of July 23 than they could the year before with the same monthly payment.”

- National Mortgage News

 

It is an opportunity we haven’t seen in the last 5 decades, and now is the best time for you to grab these once in a lifetime opportunity to buy your dream home!

Posted in Graeham Watts Blog
Sept. 8, 2020

BAY AREA REAL ESTATE MARKETS, DEMAND VS. SUPPLY

 

Percentage of listings Accepting offers, Monthly Average.



Check out this table where it shows the ranks of each county by the percentage of active listings going into contract in June-July 2020 showing the year-over-year change. The San Francisco market is about the same as last year, and the San Francisco condo market is substantially cooler.

 

This is a great thing for buyers or for those who are considering of buying their home this year! 

Posted in Graeham Watts Blog