What’s New? Attom Data Solutions found that December is the best month of the year to buy a home when it comes to getting a relatively good price. During December homes only sold for 1.2% more than their estimated market value on average. Comparatively, June is the most expensive time to buy, when homes sell for roughly a 7% premium. Attom analyzed 23+ million single family home and condo sales over the past 6 years, limiting the analysis to days with at least 10,000 single family home and condo sales. Altogether, 362 days met that threshold — the four exceptions were Jan. 1, July 4, Nov. 11 and Dec. 25. (Marketwatch)
What’s New? If you plan to live in your home until you die, and your estate is below the unified federal estate gift and estate tax exemption amount ($11.4 million for 2019), this is your best strategy. When you die, your home’s tax basis will be stepped up to the fair market value as of the date of death. So you and your heirs will escape capital gains tax on all the appreciation that occurs up to that date. And, because the value of your estate is below the estate tax exemption, your heirs will owe no federal estate tax. They are free to move into the house, or sell it and keep the cash while owing little or no tax to the Feds (thanks to the basis step-up rule). If they do move into the house, their tax basis for calculating the gain or loss on subsequent sales will be the home’s fair market value at the time of your death. (Marketwatch)
What’s New? National home prices increased 3.5% year over year in October 2019 and are forecast to increase by 5.4% from October 2019 to October 2020. The October 2019 HPI gain was down from the October 2018 gain of 5.2% and was up a bit from the September 2019 gain of 3.3%. Home prices have been increasing year over year in a narrow range of 3.2% to 3.5% over the past six months, indicating that the rate of home price growth is leveling off. (CORELOGIC)
What’s New? As a percentage of disposable income, we have the lowest debt service to income obligations in 40 years in the USA. (JP MORGAN)
Featured Properties
1067 Serrano Court, Lafayette, CA 94549
3 Bed | 2 Bath | $1,295,000 | Compass Listing
Be charmed by this delightful downtown property that is move-in ready while also offering flexibility to put your own stamp on it. Located on a fantastic cul-de-sac street with great curb appeal. Spacious bonus room (could be used as an office, 4th bedroom or playroom) enjoying a wall of windows with built-ins below providing ample storage space. Enjoy the lovely backyard space complete with a wonderful patio area for dining and entertaining, a large flat grass area, tree swing, shed and beautiful views of the surrounding hills.
3113 Lakemont Drive, San Ramon, CA 94582
3 Bed | 2 Bath | $875,000 | Compass Listing
Located in the coveted gated community of The Lake at Canyon Lakes, this lovely home offers gorgeous panoramic views, vaulted ceilings and bright interiors. Highlights include new interior paint, new oil-rubbed bronze fixtures, neutral carpet and two fireplaces. The kitchen offers new stainless steel appliances, travertine flooring and adjoining breakfast nook. Relaxing master bed with a walk-in closet, new ceiling fan and a spa-like master bath with new lighting, mirrors, and faucets. The impressive balconies off the living room and master boast sweeping views of the beautiful community and spectacular sunrises and sunsets over Mt. Diablo and surrounding hillsides.
51 Castle Crest Road, Alamo, CA 94507
6 Bed | 6.5 Bath | $1,983,000 | Compass Listing
Are you searching for an exceptional home, with an exceptional yard, in an exceptional location, at an exceptional price? Beautifully constructed, mostly single level 4800 sq ft custom home in a highly desirable close-in Westside Alamo/Walnut Creek border location. A practical, livable, light-filled floor plan with tasteful designer finishes. Spectacular flat yard in a breathtaking setting.
2646 Union Street, San Francisco, CA 94123
4 Bed | 7.5 Bath | $29,800,000 | Compass Listing
Residence 2646 is the pinnacle of San Francisco residential design, a vision of what naturally beautiful, blissful functional living should be. It is a sophisticated home designed for the contemporary active family with Golden Gate Bridge views, walkability and a seamless indoor-outdoor connection. Ideally located on a desirable residential block, this home delivers convenient walkability to San Francisco's most coveted independent schools and sophisticated shops and restaurants of Union Street. With four en-suite bedrooms on one level. This exceptional LEED Platinum-certified home is rich with extra amenities. Crowning the home is the penthouse level, including space for work and play with both North and South facing terraces and direct access to the roof deck with a fireplace.
|
© Compass 2019 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity. |