California’s New Renting Trends Are Set to Change the Multifamily Industry’s Focus
Renting trends have taken a new turn during the last decade with more and more people shifting from owning a home to renting one. This is happening due to the constant rise in house prices, tight credit rules or possibly simply out of sheer convenience. And it’s not just the number of renters that has…
Here’s Where Home Prices Increased the Most in Silicon Valley
Key findings Prices in Menlo Park, Mountain View doubled since 2007; Palo Alto median price surged 131% Median home sale prices added more than $1 million over the past decade in seven towns Atherton is Silicon Valley’s most expensive town – the median sale price here increased 45% since 2007 and hit $5.1 million Los…
C.A.R Forecast: Housing Market Will Keep Going Strong in 2018
California’s economy is expected to grow and bring forward a strong housing demand in 2018, according to the California Association of Realtors. The housing market will keep growing, albeit at a slower pace, the slowdown being attributed to the supply challenges that will carry on in the next year, as per the report. Median home…
The Most Expensive Zip Codes in San Francisco
Key Takeaways: 94105 is the priciest zip code in San Francisco The Financial District (94104) ranks 4th, with a 40% increase y-o-y Two zip codes—94129 and 94130—didn’t make the list due to lack of home sales Nothing soothes our end-of-summer blues like a new zip code ranking in sunny California. This time we’ve zoomed in on…
Market Report – LA, OC Office Sales Gain Traction in Q2
Los Angeles Q2 Office Sales Reach $2B—Again The California office market had a strong second quarter. Data compiled by our sister company CommercialCafé showed that office sales volume for the Los Angeles and Orange County markets was the best Q2 volume in the past five years. The Los Angeles office market closed the second quarter…
Top 50 Most Expensive Neighborhoods in LA County
Key Takeaways: L.A. County’s most expensive place to call home is Malibu Colony Beach Beverly Hills’ exclusive Trousdale Estates lands the second spot 6 neighborhoods in the top 50 boast median sale prices above the $5M mark There seems to be no shortage of news related to California’s high housing prices and tight real estate…
Top Most Expensive Homes Sold in L.A. County in 2016
This Year, the $100-Million Home Sale Finally Happened in L.A. County 2016 brought the biggest home sale ever recorded on the L.A. market, hitting the $100 million mark. What’s more, two different homes traded for this amount, sharing the top spot on our list of most expensive homes. The first $100-million sale on our list is the…
These 4 Billionaires Are Rich Enough to Buy LA’s Most Exclusive Areas
The world’s top 4 billionaires could afford to buy all of LA’s most exclusive areas Malibu, Venice, Santa Monica, Beverly Hills or Bel Air. When it comes to the world of real estate, these names instantly make everyone think of beach-front mansions owned and made famous by celebrities. And, if you’re anything like us, you’ve…
The Super-Rich Take On San Francisco & Silicon Valley
So many of the individuals on Forbes’ World Billionaires List made their fortune in the tech world, that we just had to take our Billionaires vs. Real Estate series to their business alma mater – Silicon Valley. And given how this is also one of the most expensive real estate markets in the country, we…
The Largest Rental Projects to Hit L.A. in 2015
Scientists are working tirelessly on new technologies that help reduce our carbon footprint. Our buildings—especially the larger ones—have a lot of room for improvement, and where else would it be more pressing to lighten the load on Mother Earth than in a crowded city like L.A.? Developers realized this a long time ago, but the efforts…
Last Year’s Largest Rental Communities Completed in San Francisco
Apartments for rent in San Francisco posted some of the most impressive rent growths in the nation in recent years, resulting from a plethora of new, high-end jobs pouring into the metro, attracting affluent young professionals to The Golden Gate City. The demand went through the roof, prompting developers to build a large number of…
10 Fabulous Homes for Rent in San Francisco Right Now
2015 has been a landmark year for the San Francisco real estate market. The housing shortage and the influx of tech workers have encouraged the median home price to jump over the $1 million threshold and reach an all-time-high of $1.18 million in Q2. And things are not too much different in the rental market. Vacancy rates are quite low, which may…
Infographic: The Hottest Real Estate Markets Right Now
While most real estate markets across the country are slowly progressing along the road to recovery, others are already reaching peaks seen only before the onset of the financial crisis. Or have even exceeded those, registering all-time-high values. This is the case of the San Francisco real estate market, the hottest residential market at the moment, where Manhattan home…
San Francisco Networking Event by PropertyShark
Our networking events on the West Coast are becoming a tradition! On August 4, 2015, PropertyShark.com hosted its Annual Networking Event in San Francisco and it was a huge success, bringing together real estate professionals for a relaxed and fun evening at the Redford. The event also offered a good opportunity for creating connections and…
San Francisco Home Prices Reach All-Time High
San Francisco’s residential market not only remained strong in the second quarter of 2015, but hit an all-time high: the median sale price reached $1,185,000, a 20% increase over Q2 2014. The median price per sq. ft. ($915) — up 10% Q-o-Q and 15% Y-o-Y — mirrors the trend for median sale prices and marks another…
Median Sale Price Reaches 8-Year High in Los Angeles County
The median sale price in L.A. county reached $485,000 in the second quarter of 2015, a peak which was last seen 8 years ago (in Q4 2007), shortly before the onset of the financial crisis. Compared to Q1 2015, the price represents a 7% increase while compared to the same quarter last year it’s a 9%…
Zoom In: L.A. County Zoning Map Shows What You Can Build and Where in Los Angeles
If you’ve ever built in Los Angeles County, you probably know that one of the main challenges you may be facing at the beginning is not knowing where the best areas for development are. While there are many resources out there which provide specific information at the local level, researching each of them can be very time consuming. That’s why it would be…
L.A. Median Home Price Climbs to $475,000 in May, the Highest Value This Year
After three consecutive years of growth, the L.A. housing market has gotten even hotter in the first months of this year. Both home prices and sales went up in May, although at a slower pace compared to the previous months. As you can see in the table below, the median home sale price in May reached a peak value of $475,000, slightly up from…
The Cheapest Home Sales in Silicon Valley’s Most Expensive Zip Codes
Can you call some of the most expensive zip codes in Silicon Valley home and still pay under $1 million? Taking into account the transactions closed in May in Silicon Valley’s hottest zip codes, the answer would be … only if you don’t mind living in a condo! The only properties we found under $700,000 were 3 one-bedroom apartments in Belmont…
Zoom In: Crime Incidents in Los Angeles
Are you considering a property in Los Angeles and would like to know how safe the area is? Run a quick neighborhood crime analysis with the help of our Los Angeles Crime Map and find out what crime incidents took place in the area of your interest last month. And just so you don’t think that Los Angeles…
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