* The median home price in Silicon Valley topped $2 million in the second quarter, the first time a US metropolitan area has exceeded that threshold and a symptom of the nation’s persistent affordability challenge. Prices for existing single-family houses in the San Jose-Sunnyvale-Santa Clara area rose 11.6% in the second quarter from a year earlier to $2.08 million. No metropolitan area in the country had exceeded $2 million in NAR data back to 1979. Across the US, annual home-price growth for existing one-family houses rose 4.9% to $422,100 in the second quarter, compared with a 5% year-over-year advance in the prior period. (Bloomberg)
* The 5 places with the best mental health in the US in 2024 are: Honolulu County, Hawaii (Oahu) Santa Clara County, California (Silicon Valley) Fairfax County, Virginia (Suburban D.C.) San Mateo County, California (Silicon Valley) Teton County, Wyoming (Jackson/Jackson Hole) (US NEWS)
* Y'all Street? Yup, Dallas has its own version of New York's Wall Street: Texas investment-banking and securities employment has increased 111% over the past 20 years and 27% since the pandemic, compared with 16% and 5%, respectively, in New York. The number of people employed in finance overall has risen 13% in Texas since 2019, compared with 2% in New York and 3% nationally. Dallas now ranks second to New York City among metro areas in the number of workers employed in finance-related industries. A big draw? More affordable housing options, not to mention no state personal income taxes allows companies to pay less....which is good for profits! Goldman Sachs is getting around $18 million in job grants and tax abatements to build a new headquarters: in return they are providing at least 5,000 jobs at an average salary of at least $116,000. (WSJ)
* Switzerland - with the lowest income taxes in Europe of 23,5% and no inheritance tax - is in the midst of a heated debate about inheritance taxes on the super-rich. The proposal - to take half of any passed-on wealth above $59 million - has prompted public warnings from business-owning multi-millionaires and billionaires that they’ll move. Past precedent would show this to be not a mere threat.... The UAE is forecast to attract the most global millionaires this year followed by the US and Singapore. (Henley & Partners/BLOOMBERG)
If you are thinking of making a move give me a call...who you work with matters!
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5 Bed | 3.5 Bath | 2,817 Sq Ft | $2,600,000 | Compass Listing
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Situated in a serene country setting in Napa's coveted east side, known for its vineyards and natural beauty, this property has so much to offer with two homes on one parcel set amidst the backdrop of rolling hills and your very own Cabernet Sauvignon vineyard. In addition to the residences, the property includes an RV garage, a dedicated shed for vineyard supplies and a temperature-controlled wine room perfect for aging your finest vintages. The 2.5 acre Cabernet vineyard has been meticulously maintained by the same vineyard manager for 30 years and has been a consistent source of income for the owners. Bring your personal touches and vision and make this charming estate your very own wine country retreat.
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2 Bed | 2.5 Bath | 1,899 Sq Ft | $3,395,000 | Compass Listing
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Welcome to your dream home in the heart of Corona Del Mar village, where charm and sophistication blend seamlessly with the vibrant community atmosphere. This exquisite 2-bedroom, 2.5-bathroom residence with a den epitomizes the traditional Cape Cod aesthetic, offering both elegance and comfort across three meticulously designed levels. The main level extends to a large patio, perfect for dining al fresco or lounging while enjoying the enviable Southern California coastal weather. For those seeking a serene retreat, the rooftop deck offers panoramic views and an ideal space for relaxation or entertaining guests. The property includes a one-car garage with a tandem covered carport, ensuring ample parking and storage. Located across one of the wider streets in CDM, this home offers the perfect blend of tranquility and accessibility, with shops, dining, and entertainment options just a stroll away.
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9720 Brockway Springs Drive
7 Bed | 7 Baths | 4,885 Sq Ft | $14,500,000 | Compass Listing
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Includes two parcels - 9720 & 9725 Brockway Springs Drive! Indulge in the unparalleled luxury and seclusion of Porcupine Point, a rare gem nestled on the former "old Brockway" hotel site. This private enclave, shielded by two gated entries, unveils 1.83 acres, boasting 272 feet of water frontage, along with the coveted inclusion of 2 buoys and use of Brockway Vista HOA pier, pool and tennis courts. The development potential of this property is limitless, presenting a once-in-a-lifetime opportunity for visionary investors. Spanning from the east shore to the west shore, Porcupine Point offers sweeping, unobstructed views that bathe the landscape in all-day sunlight, accentuating the natural beauty of giant granite boulders and creating an ambiance of tranquility that is simply unparalleled in the California lakefront market. This is a property where the possibilities are as vast as the horizon, promising an exceptional canvas for realizing your most ambitious development dreams. With its remarkable privacy, expansive acreage, and breathtaking vistas, Porcupine Point is a world of its own—a sanctuary that redefines the essence of lakefront living and presents an unparalleled investment opportunity for those seeking a truly unique and prestigious property.
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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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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