Welcome to our Blog!

At Perisson, we are always seeking ways of providing value for our clients and neighbors.  We hope this blog will become a great resource for others, as we delve into all things real estate, especially local market activity and community information.  Here is some of what we'll be covering:

  • Monthly market updates
  • Perisson seminars and other events
  • Interesting articles and videos on latest real estate news & trends
  • Community events
  • And more to come...

We hope you'll find this page useful and interesting.  Let us know if there are any topics you'd like us to cover!

Sept. 18, 2019

Smart Strategies for Retirement & Relocation

On August 21, 2019, Perisson hosted this seminar, which covered topics such as Prop 60/90 (transferring property tax base for homeowners 55+ years of age), combining the use of 121 exemption for primary residences and 1031 exchanges to downsize, relocate and/or buy your future dream home.

Our speakers were Ron Ricard of IPX 1031 and Joseph Dalli, CPA, and they made a great team.  Attendees would never have guessed that this was their first time meeting each other.  

Check out the video!

Posted in Seminars
Sept. 15, 2019

A Cooling Market?

Market Update - August 2019

As we transition from the summer months and look forward to some cooler temperatures, there’s similarly a lot of talk about a potential cooling of the real estate market.  When we look at the numbers for August, San Mateo County is actually NOT showing many signs of a cooling as people might think.  The number of closed sales compared to both the previous month (July) and last August, but this may be more a component of the low number of listings, as inventory levels remain low at 1.4 months for single family homes and 1.2 months for condos & townhomes.  The median sale price for single family homes decreased slightly as compared to July (2.8%) while experiencing a slight increase (1.1%) compared to August 2018.  Condos & townhomes fared even better with >10% increases on both a month-over-month and year-over-year basis.  This may have to do with the fact that condos & townhomes are in a more affordable price range (if you can call $900K-$1M “affordable.”)

Santa Clara County experienced more significant decreases in median sale price for all categories of homes on both a month-over-month and year-over-year basis with the exception of a 4.9% increase for condos & townhomes compared to the month before.  The number of sales decreased overall, but inventory levels, while higher than San Mateo, are still fairly low at 1.6 months for single family homes and 2.1 months for condos & townhomes.

It’s customary to experience a seasonal bump in new listings after Labor Day and as many homeowners are finished with summer traveling and want to sell their homes before the holiday season, and we are already seeing an influx of more new listings this month.  With mortgage rates still at historical lows in the mid 3% range and continued low inventory levels, it’ll be interesting to see if the fall season will be one of a continuing active market or show signs of the cooling that many are talking about and anticipating.  Whatever happens, we’ll continue to keep you posted – feel free to contact me any time to discuss your specific real estate goals!

 

Posted in Market Updates
Sept. 1, 2019

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates