Recently JLee Realty began plotting median days on market in addition to average days on market for homes for sale. The median plot emphasizes the change that began around 2012. The median days on market stays very low with only occasional bumps up. The average dom has been trending down over this period and thus the change is that fewer homes deviate from the median. View San … [Read more...] about Low DOM For Silicon Valley Houses
Small To Largest House Size
In the first quarter of 2023, San Carlos had one of the smallest quarterly average sold house sizes in years. The August 18 trends show the largest-ever quarterly average house size. This appears to go beyond variations/volatility in averages because eight San Mateo County cities also posted their largest-ever quarterly sold house sizes, with rapid spikes upwards. San … [Read more...] about Small To Largest House Size
Drought Tolerant Landscape
A drought tolerant landscape is a very effective way to conserve water. In Silicon Valley there are many California native plants and plants from other countries such as Australia that are well adapted to drought and are very attractive. With a little planning, you can create a drought tolerant landscape which is more attractive than the typical lawn bordered by shrubs and … [Read more...] about Drought Tolerant Landscape
San Carlos Natural Gas Ban
A newly passed San Carlos ordinance requires that new homes have all-electric utilities. An exemption allows single family homes to have gas stovetops and fireplaces but electric hookups must be included. Juliana Lee posts more information about San Carlos real estate and San Carlos real estate trends. … [Read more...] about San Carlos Natural Gas Ban
California Proposition 19
Proposition 19, takes effect on April 1, 2021. It is estimated to increase tax revenue overall. It increases taxes on inherited properties that are used as either a second home or as income properties. It provides more opportunities to save taxes on primary residence replacements. More information is available about Proposition 19 and about California property taxes. … [Read more...] about California Proposition 19