September 17, 2018

Gentry Real Estate Roundtable 2018 Participants:

Joe Brown, COO, Intero
Carol Burnett, Executive VP, Alain Pinel
Jeff Gibson, Senior VP, Sotheby’s International Realty San Francisco
Selma Hepp, Chief Economist, VP Business Intelligence, Pacific Union
Tim Proschold, VP of Strategy & Success, Sereno Group
Michael Repka, CEO, Deleon Realty
Nancy Robinson, Regional Vice President, Coldwell Banker

Let’s talk about trends in the market—what you’ve been observing so far in 2018, and what’s on the horizon.

Carol Burnett: In our market (Los Gatos, Saratoga, Monte Sereno, and the surrounding
area), everything has been going really great. I think everybody agrees that 2018 has been a good year and the balance of the year looks positive. I don’t think there is anything on the horizon that should be forecasting any sort of a change.
Michael Repka: It’s been holding in there, but I am actually a bit nervous. Tax changes have a lot of people concerned about the future, especially at the highend market. I’ve seen a greater number of listing appointments for people looking to retire and/or move out of California than I typically do. Either these people are moving to be closer to grandkids, or they’re moving to be in a state with no taxes. Everyone knows, at this point, that the new tax changes eliminate the deductibility of state and local taxes that is particularly hard-hitting on California. There is a movement towards getting out of the state for people who don’t really need to be here. We’ll just have to see how this all unfolds and if people go through with their plans of possibly relocating, which could then result in a spike of high inventory.

 

Read more at: http://www.gentrymagazine.com/digimag/

Oculus Moves to Burlingame

August 22, 2018

Burlingame residents say hello to your new neighbor! Oculus, Facebook’s virtual reality company. They will be moving into a new office building in the Bayshore area of Burlingame, 300 Airport Blvd. If you remember from way back, this was once home to the old drive-in theatre.

The goal of Facebook is to fulfill the growing workforce and become a positive influence on the community. City officials couldn’t be happier. Local businesses are sure to benefit from the employees and visitors alike.

Burlingame was chosen not just for the available land, but its amazing location. This is the perfect midpoint between the SF & Menlo Park Headquarters, plus the hop from SFO. All set to the backdrop of the beautiful nature of the Bay.

What does this mean for residents? We are all thinking “great, more traffic!”. But Facebook is focusing on alternative modes of transportation. The city is working on alleviating possible congestion as well. There will be a growth in businesses; new retail, restaurants, & offices will follow the Oculus move.

One of the biggest impacts from this will of course be on real estate. Homeowners rejoice on the amazing investment you are living in. And home buyers, a home here is only going to increase in value! We continue to see growth in the market and don’t see it slowing down any time soon.

Welcome to Burlingame Oculus.

📸: The Daily Journal-Rendering of the Burlingame Point development.

Community Spotlight: San Mateo

July 26, 2018

When buying a home, there are community must-haves that everyone is looking for. One may want an activity filled community calendar, famed local eateries, walkability to shops, or a nice park to spend time in. Beresford Park in San Mateo has something for everyone.

This neighborhood park is located conveniently off Alameda de las Pulgas and 28th Avenue in San Mateo. It is home to the one and only Community Garden and Garden Center. Take part in planting, cultivating and giving back to the neighborhood all while helping the environment. Bring your book to read among the fruits and veggies, teach your kids about eating healthy, or cook a tasty meal with fresh picked herbs.

Beresford is ready for any sports activity you want to play. Enjoy the lighted tennis courts, 4 bocce ball courts, ballfields, and full skate park! The large field by the playground is open for anything else.

Play, climb, and explore the huge modern playground and tot area. There are all kinds of structures to use and parents can easily watch or play too!

One of the best ways to appreciate our Peninsula weather is to picnic at the park! Bring your bbq or snacks to the drop-in area and soak up the sun. Planning a party? Rent one of 4 picnic areas available at Beresford located throughout the park.

On top of all the outdoor amenities open to the public, there is the Beresford Recreation Center located at the entrance to the park. Summer camps, after school care, and adult classes are all available to the community.

Once you’re done playing, head to the Hillsdale Shopping Center down the street, the Shops at Bay Meadows minutes away, or downtown San Mateo a few miles away. Beresford is one of San Mateo’s greatest parks in the heart of the Bay Area.

If you’re interested in living in the Peninsula, contact us today! We are here to find you your dream home. Check out our current listing at 526 30th Ave, San Mateo. This sweet single-family home has 3 bedrooms and 2 baths. Enjoy a spacious living area, a private office and covered sun porch that opens to the backyard. Offered at $1,699,000 and just blocks from Beresford Park!

San Mateo County Homes Under $1 Million

July 25, 2018

Sternsmith Group is proud to represent buyers and sellers in all price ranges. Media attention is so often about how expensive it is to live in the Bay Area – and it is. But, buyers shouldn’t give up hope. It might take a little imagination, some elbow grease, and time to turn one of these little charmers into the place you get to call your very own, but history shows it will be worth it. These photos represent some of the single-family homes currently on the market on the SF Peninsula where we specialize. $650k in Redwood City, $725k in S. San Francisco, $899k in San Bruno and a whole lot more. Today, there are 79 homes for sale in San Mateo County for less than $1 million and another 47 condos/townhomes starting at $399,999 in San Mateo. We are here to help you – no matter what your budget is. Find us at Sternsmith.com and let’s get started. Oh, and we can refer you to great lenders as well.

Community Spotlight: Foster City Lagoon

July 11, 2018

Love the water? Many have no idea that you can water ski in Foster City. This lagoon between Foster City and San Mateo is the only one that allows power boats but you’ll also see crew teams practice here, occasional paddle boarders, and canoes. Foster City is a hidden jewel with a whole series of lagoons plus it’s right on the Bay Trail that literally runs along the Bay. Unless you come here for the fireworks, you may not know much about Foster City. Housing prices are considered affordable for the Peninsula with the average single family home right now at $1.9M and condos at $1.25M. There are currently 15 homes for sale for less than $2M. Interested? Contact us to learn more.