April 11 - CBNorcalEvents.com
Transcription
April 11 - CBNorcalEvents.com
Palo Alto, CA (Santa Clara C o ) Palo Alto Daily News (cir D 23,000) MAR 2 3 2012 - - Buvers com~ete for short SUDDIV of Bav Area homes 1 I Prices soar1441 along Peninsula; in other cities, pent-up demand helps to create a hot market for lower-cost properties over there and the power of their money is greater over here." Another Palo Alto home drew Peter Giovannotto is smack in 10 offers recently, selling for the middle of a major shift in the $325.000 over the asking price. Bay Area housing market. In the East Bay, a relatively The Peninsula real estate agent small supply of lower priced recently had a modest Palo Alto homes and an increase in demand ranch style home draw 38 offers has home buyers jumping. and sell in eight days for nearly Two couples working with half a million dollars over the ask- Danville real estate agent Kevin ing price, all par for the course in Kiefi'er of Keller Williams used Palo Alto's overheated real estate the "strike first" method Kieffer market. advocates to grab their homes this "We started at $1.2 million and month. He tells clients that in this ended up selling for $1.65 million," market, they have to make a bid he said. almost immediately, not waiting A flock of eager buyers compel- until the weekend when the bulk of ing for fewer than usual homes for buyers are looking. If it's a foreclosale is sending prices soaring along sure, the bank is likely to welcon~e the Peninsula, where Googlers and a decent offer, he said. Facebook employees duke it out Cameron and Rissa Kossen with foreign investors for a place bought a bank-owned Martinez housr that's within the I'le:ls:~nt -to live. In other parts of the Bay Arec Hill School-District for $813,000 pent-up demand has helped cre- by making an offer quickly. Had ate a hot market for lower-cost he waited until the weekend, homes, with buyers Cameron Kossen said, having to move fast to other buyers would grab foreclosures and "Menlo Park have made offers and ke prepared for stiff and PalO "it would have gone competition on other up to $330,000 or homes for sale. In Alto areboth $340,000." Another East Bay Contra Costa County, desperate for couple, Ken and Ashpending sales of single family homes are up inventory." ley Wilson, were outbid on three homes beabout 62 percent from last year and inventory WENDY M~PHERSON, fore landing the fourth, is down 32 percent - ~-&FC()LNEUBANKER a three bedroom, two seller's market. IN MENLO PARK -bath house in Pleasant "We are getting Hill. lots of multiple offers "The housing maron lower-end properties," said ket is moving so quick that houses Barbara Safran, president of the would come on the market and my Contra Costa Association of' Re- wife and I were having to make altors. "One person told me told decisions almost at that minute, they had 12 offers on a property in because there were others willing to purchase the home right then," Concord." The winning bidder on the Palo said Ken Wilson, who works at Alto home was a Google employee Lawrence Berkeley National Labfrom China, highlighting two oratory. trends - the rise of the wealthy On both sides of the bay, real tech buyer and the buyer from estate agents say fewer homes are Asia. "We're seeing lot more buy- for sale than usual. "Menlo Park and Palo Alto are ers from that region," Giovannotto said. "It's difficult to buy property both desperate for inventory," BY PETE CAREY Bay Area News Group LiPo Ching / Bay Area News Group Real estate agents Peter Giovannatto, left, and Chris Iverson, stand in front of a three bedroom, two bathroom house that recently received 38 offers in Palo Alto on Tuesday.The agents used construction work lights and hard hats to present a renovation theme for the open house. The winning bid was $450.000 over the asking price of $1.2 million. said Wendy McPherson of Coldwell Banker in Menlo Park. She said that Palo Alto recently had only about 30 homes ibr sale. Ray Chavez, of Alain Pinel in Los Gatos sold a home in Santa Clara that received five offers in six days and sold for $17,000 over the asking price of $609,000, a big bump in that market for a small home. "It's amazing what's not out there right now," he said. "There are only 32 homes in whole city of Santa Clara. We're down 74 percent from February 2011." The threat of historically low interest rates rising in the near future combined with increased confidence in the econom is bringing out buyers who have gem holding back. "Ithinkit's a littlebit like Christmas," said Safran of the Contra Costa realtors association. "People finally started buying again this Christmas when they hadn't bought for three years. I think they're just ready. It's time." Sales were up across the Bay Area in February, the strongest showing for that month in five years, according to DataQuick, a real estate information service. Silicon Valley is having its fourth highest year in sales since 2000, said Richard Calhoun of Creekside Realty in San Jose. Calhoun, who has tracked the inventory of homes for sale in Santa Clara County for more than a decade, said that in some parts of the valley, including the Palo Alto area, the entire stock of homes for sale would be exhausted in less than a month. "The housin market has definitely bottomefand is on a recovery path," said Ken Rosen, chairman at the Fisher Center for Real Estate and Urban Economics at UC-Berkeley. "I think it is a veal recovery happening, around the whole countl:y." Contra Costa County, saturated with foreclosures, is still 18 months away from a full recovery and a normal housing market. Rosen said. "There's gomg to be a spillover from San Francisco and the Bay Area, but it hasn't hnppened yet." Some would-be sellers on the Peninsula seem to be holding out until next year, when Facebook's newly minted millionaires will begin spending their money, potentially driving up prices even more. Sellers "are getting greedy" and pulling homes off the market, said Alex H. Wang of Rainmaker Properties in Los Altos. "They get multiple offers on their house and say, 'I don't want to sell any1noi.c. I'll wait until next year. That upsets everybody." - = Folsom, CA (Sacramento Co.) Telegraph (Cir. W. 14,000) Agents honored at Coldwell Banker ;j:l; - John Domeier and Crystal Harris are being honored by Coldwell Banker in Folsom as the number one and number two producing agents in all of Northern California. Domeier and Harris can be reached at Coldwell Banker, located at 1180 Iron Point Road, Suite 130 by calling 916-608-3940 or johnd@coldwellbanketco~nand [email protected]. John has been with Coldwell Banker for 17 years and is an e-pro, relocation specialist. The best part of being a realtor is "the challenge of helping buyers and sellers to achieve their goals in real estate." John is a member of the International President's Club and is in the top two percent of Folsom sales and top four percent of all Coldwell Banker salcs,nationwide. He is a certified home marketing specialist as well as a short sale, relocation and RE0 sales expert. Crystal has been active in the housing industry for over 30 years. Her depth includes hand-on involvement in the design, construction, marketing, sales and financing of homes. Prior to joining Coldwell Banker, she held management positions with several national home builders, including PuIte Homes and Richmond American Homes. She has a passion for Real Estate. For her the happiest parts of being a Realtor is letting the seller know they have a great offer, or "handing over the keys to the buyer and saying congratulations." - ' I 1 1 Dixon, CA (Solano Co.) Tribune (Cir. 3xW 5,500) New Year, New Home: Simple sf& Relocating with Ease / . and importan ing for homes for sale in the antiques, city or cities where you're papers like birth certificates closing papers and new jot consider~ngmoving. Cot~(i'uctDue Diligence. contacts, with you throughou~ When relocating to an unfa- the move. Speak with you1 miliar place, it's best to get an agent about homeowner's advance feel for the lifestyle insurance and whether to conand personality of the new sider additional insurance town. Contact the local from the mover. Also, find municipality or library, or log out ivhat paperwork (receipts,' on to the city guide's Web site. appraisals, and photos) you Also consider Web sites you might need to file a claim in may not have originally case of loss. Free Yoursc (f o f Excess. thought of when starting your Toni Rlartin search, like YouTube.com. The last thing you want to do Manager Many real estate agents now is spend time, money and' Cloltl\vell Ri~nker have their own YouTube effort moving items you don't Ilixon Oftice channels where they post actually need in your n e w ' video tours of their new list- home. Take time to clean out It's a IIC\V ycar and for many ings. Company Web sites, the garage, closets or spare people, the ,:hange of the cal- like Coldwell Banker On rool~isand decide which items endar rcprese~itsa chance at a Location, offer behincl-the- you'll be taking and which new beginning. For some, sccnes looks at towns and should be donated or thrown this involvcs tnal<ing a few neighborhoods, tips, and away. Many local charity big ch;lngcs in lil'c - like mov- timely news on real estate top- organizations now pick up donations at your home and ing to a I I ~ \ V110111~. Whether ics. - * Liize- Up ~ 1 2.:'A//-Stui - .. appointil~cllts . 1n3y .: be . scheclupg~ading LO z i iarger p~operty . . :.. in neighboring t o ~ &or relo- Terrtlz c?/'Profes;~iorznls. Now uled online. Remember, relocating to a csating ro :I new city or state that you've clo.11eyour homealtogctlicr, mo\$ing .an be a work and have an idea of new area c a p b e an elnotional complicatctl process. where you'll be moving, it's experience. Expect some Bcyontl lincling a home, there time to identify a team of stress and find productive are mxly tactol-s to consider - experienced professionals. w;iys to work it out. eliiployment oplwrtunilies, This will play a key role in Consider participating in . the general tkcl of the com- making the relocation process community activities, visiting munity a n d , of course, the as simple and sealnless as a new gym, taking a walking p1iysic;tl ;lspccts of a move, possible. Start by interview- tour of your town, or getting such as packing and changing ing and selecting a real estate together with new neighbors. agent who i~nderstandswhat Stay in regular contact with addresses. L<elocating is n difficult you're looking for and is friends and family back honie process, b~11it's not inipossi- familiar with tho area in - having a support network to blc. Ilcl-c arc a Sew simple which you are looking to talk to will help make the tranYour local agent sition a bit easier on everyone. steps to IicIp makc yollr I I I O V ~ move. might also assist in referring The easier your niove6is;:the a littlc ensicr. Begin tl~c> S L , I I I . On/itt(+. ('~I an agent in your new commu- sooner you,'ll be ab1e;t.o idax Finding a holnc is probably nity. A real estate profes- and enjoy your new home. the biggest ticcision one will sional will arrange showings make when i t comes to relo- wlien travel is possible and T017i Martin, Manager of caling. l l ~ r t ,tllanks to the keep track of the properties Coldrt~c<ll Ranker Residential advancement of the Internet, viewed. I~le/sIieS I I O L I I ~ also 81-okc)t.ugcIs Dixon-Davis searchlllg for properties has be able to help indentity suit- ofjicv, pruvide.~the above tips. lawyers, becon~eInore ncccssiblc t h a n able inortgage Mnrtit~ ovenrees a talented ever. litilizc,fi.ce online tools lenders, holiie inspectors, fmnr ofrc)al estofeprofessionto begin your search. movers and others wlio play a (11s in the Dis-on area. Her Statewide Web sitt;s like role in the process. qffic'e i s locclted at 1140 Pitt w\v\~~.C:;1Iif'o1~11i;1Movcs.com Sri/i)gurrl-ri l2iItrtvti 1tc~1n.s Sc-hoof Road, Szrite .4&D, and i r ~ i t l natioilal sitcs like ritrrl Doc.iinretlt.s. It's a good sl7c catz be reacl7ed at \ ~ \ ~ ~ \ v . c ~ I ~ I \ ~ ~ c I I b ; are ~ ~ l k ~idea r . c otor nkeep valuablc posses- 70 7.67t8.1615 ot- via e-ntail at good ~ I : I C L ' S to Ixgi11 search- sions, s u c l ~ as jewelry, [email protected]~olts tnte.com. ~ " ~ #. , ., San Francisco, CA (San Francisco Co.) Sunday Chronicle (Cir. S. 354,752) .- a~$~@#;4~~x~$q~~:~@l~4*q war, dSI Coldweli Banker Real Estate Albany 423 Talbot Ave., $569,000 Beds: 2 Baths: 1 Square footage: 1,153 Open home: 2 to 4 p.m. Sunday This split-level, Mediterranean-style home was built in 1937 by MacGregor, featuring a classic ban-el-tile roof and stucco exterior. Highlights of the lightFilled residence include vaulted ceilings, a fireplace, hardwood flooring, a formal dining room and Glen Park Prudential Calltornla Realty 407 Bosworth St., $895,000 Beds: 2 Baths: 1 Square footage: 1,430 Open home: 2 t o 4 p.m. Sunday This channing Edwaran updated kitchen with dian-style home, built in a breakfast room. 1911,has plenty of modern updates to compleThe laundry room is located in the basement, ment its period charm and views. along with access to the Located in the desirgarage and workshop. Listing agents: Kim or I able Glen Parl</Benlal Rarhura Morictzthal, Cold- 1 Heights area, the home offers a formal foyer nl~~NBanbcr Real Estatc. ($10) 98130.36 Ext. 3020. leading to the living kitn@n~arict~tl~nl.com. room with a fireplace and bay ~vindow. 'I'he kitchcn and the sunroom/office area have access to the deck and landscaped backyard through a sliding door for ilkdoor-outdoor living. Listing agent: Steven Clark, TRI Cal&.wcl! Bunker. (415) 309-0003. stez)cn. [email protected]~. San Bruno 276 Linden Ave., $489,000 Beds: 2 Baths: 1 Square footage: 970 Open home: 2 t o 4 p.m. Sunday This charming Huntington Park bungalowstyle home has been well maintained, including the freshly painted interior and refinished hardwood flooring. The 1926 house features updates such as the large, newly constructed deck. Inside, the open dininglliving room has a cozy, wood-burning fireplace, while the kitchen has rooln for a dining table. Listing agent: Larrj Frunzella, Pru~lcntilrl Calfirrzia Rml[y. (650) 589-1000. tfi li?~:elln @prucul.com. San Francisco, CA (San Francisco CO.) Sunday Chronicle (Cir. S. 354,752) HAR 2 5 1 +il WHAT YOU CAN BUY The Chronicle and Blockshopper San Francisco scour the Bay Area to _findwhat range of properties buyers can get for their money. This week What You Can Buy travels to some of the most expensive neighborhoods in the region to find homes in the $8oo,ooorange. Pal*L?;:;e%ah +.d%L-$ 4.qqyrg6)f)c) .-. Square footage: 1,598 - . - . T"&I 2690 35th Ave. Beds: 2 Baths: 1.5 I. 2 ? This beautifully renovated Traditional-style home, built in 1940, is located on an idyllic corner lot with a picket fence. Highlights of the split-level house include great light, a living room with cathedral ceilings and a corner fireplace, a f o rnal ~ dining room, a big garage and hardwood flooring. Twin basin sinks and beautiful marble and tile work are among updates in the marter bath. The new kitchen features a farmhouse sink, Thermador appliances and inatte granite countertops. Outdoor space includes both front and rear garden areas, and the property comes with a large garage. Listing agent:Joan Peat, Cold7:)cll Banker, (41.5) 447-8810,[email protected]. . . - -- - San Francisco, CA (San Francisco Co) Chronicle (Cir D 312,118) (cir Sat 312,408) T H E WALK-THROUGH BY Blockshopper Sun Francisco Corte Madera ranch home offers indoor/outdoor living I I:? . ;. i ? / '' 7'-wieea w e ~ kTIIP , Cht-on- ' Description: This ielefeatures a /ocnlhotne on ranch-style house on a large corner lot in Marithe market tl?al cntrght otrr ner Cove is a quick drive e_vefor its arc/~itccturt; from San Francisco. It histor-11or char-actet: SPP features hardwood floors motz photos at throirghout, a spacious www.s~qatc.com/ZHQD. living room with brick fireplace and tall winAddress: 7' dows facingthe backPassage, Corte Madera yard. The dining room and open kitchen adjoin Asking price: $789,000 1 the living room. Off the kitchen is a large family room with plenty of closet space. The master bedroom offers access to the backyard, and the two other bedrooms feature large windows. 'The home has a two-car garage and is close to shopping and San Clemente Park. Don't miss: The private, fenced backyard with landscaped gardens and patio encourage indoor/ outdoor living. Built: 1959 Size: Three beds, two bathrooms in 1,775 square feet of living space For more information: Kathleen Daly, Cqldwell Banker. (415)464-3539. kdaly@coldwellbanker. corn. - .- .- . - - Sendsuhnzissions for the Walk-Through to [email protected]. Patrlce Jerom This 1,775-square-footranch-stylehome in Corte Madera features hardwood floors throughout, a spacious living room and brick fireplace. San Jose, CA (Santa Clara Co) Mercury-News (cir D 227,119) (cir S 244,661) MAR 1 -7 -_-2012 - - ccch ~Vari I 'I Coii3ic ;~t:t,tr. Cheech Marin has sold his home in ma lib^^ for $5.34 million. The bluff-top, stonc-clad (;r;~ftsr;ianstyle !:oust sits on nearly an rtcrc abovc the beach with patios, a built-in stone table and o v c ~ iant1 , steps Ic<~ciing to the sand. Tnterjor features inci~ldestaineclglass wiltdows, nn ell-chedwooct i.otry door and vaulted heanted criliilga. X thi-ec-t)edroonlguesthouse inc!ndes a der,li:t~cdITILISIC roonl for ;I t o ~ o~f two l firepi,ice.; and 5 I/: l>atill.oomz. Since he pnrtnt:ri.ci with Torllrny U'!:)ng in the 1'170s and '80s ctruritcr. crt:,~rre d u o Cllt.eL..l-i 8c Chong, the 6.:)-year-old Marin llas starsrd on 'Wash !<ridgesm(1996-2001) and was a scs~i!ai-on "Judl;ing A ~ n y "(20040.5). l'hii !car hi. sr;~rri.tio n :he scrics rc R O !. , m , cjn(l c ~ i s l ! ?2 ~his ~ ~~r~mJt:ss ~t in the kitchen o11"Iiachncl vs. G u y : '. Celct)~.ityCooli-Off'." The j)roj-,et.tf;w e n t o n tlte r~iarket at the end of i.4:)~i'riccti at $5.995 million. Irene T)azron-P;tlntcs and Sandro Dazz.tr1 of C.~xiti~'t. Bankcr ll in Malil-::I C;olorly v<el.-:the listing 3 agents. c:hristopher. C o r t a z ~ oof Qllduzll B J L ~ ~ C~IJ ;~? &' s\ I~ !&'c.~ o t f k rcyresi.ntc4. t h e buyc:. ~.-a .F. San Jose, CA (Santa Clara Co) Mercury-News (cir D 227,119) (cir S 244,661) . I I- L Paula ~ b d u l ~ u K 17 MU Sheuil~anOaks home on market fur $1.899 million ;/,"r; I I t K Singer-danicr Paula Abdul, w h o until recently w:ls a judge 011 ' T h e X Factor," h ; ~ : put her h o u w in Sherman O?i<.ion the ~ n a r k e ta t $1.899 million. T h e contemporary Meditcr.ranean, l ~ ~ i iinl t 200u, features n grand entry with a double st^'~ r c a s c , Frencli doors opening t o patio a n d pool arcas, five bedrooms and tour and one-.half bathrooms. The master suite of' the 4,679-scluar(.-foot housc includes a fireplace arid .ii?;ilconv with ca1l):orl a n d city vie.,\&,. ;.. AhJ!!I. 4 3 , g:): hcl. srat.1 .I.- :, Laker Girl. She . ) I ] Ernmys tc~r- Aer chorci:#raplry on "'The Tracey Ullnlan Sf-,->\v'' ( 1 9 8 9 ) a n d "The 1 7 t h Arj,,~~.-!l A r n e r i ~ a nMusic Awards" (1990), a n d il Grammy in 1991 for the "Opposites Attract" music video. Among her early hits were "Straight Up" a n d "F:orevcr Your Girl." She also has been a judge on9'Live t o Dance" (201 1 j and"Americar1 Idol" (2002-09). l'ublic reccircis sliow that the property w a s p u r d ~ a s e din 2000 for $ i 2 8 . 7 ~nillior?. Micharl Collins of Cold-. . 11 Ranker's Beverly Hill-s: North oftii-c is the listing agent. - I i ) San Rafael, CA (Marin Co) Independent Journal (cir D 28,591) (cir S 30,840) MAR 092012 MOWERS & SHAKERS ... ~ari~afa&l$xecut ive earns national service award IM CARRIERE, vice president of retail banking at First Federal Savings of San Rafael, has been recognized by the President's Council on Service and Civic Participation with a presidential volunteer service award for his support of natural disaster victims. Carriere helped publicize and raise money for ShelterBox, a nonprofit group that provides t,ents and emergency supplies to disaster victims J th;oughout the world. ee. San Rafael resident Francis Johnston has been reappointed by Gov. Jerry Brown to the Board of Pilot Commissioners for San Francisco, San Pablo and Suisun bays, where he has served since 2008. Johnston is a retired rear admiral in the U.S. Maritime Service. He was the western region director for the U.S. Department of Transportation Maritime Administration from 1990 to 2008 and the head of maritime affairs for the U.S. Navy from 1984 to 1990. e. Attorney Larry Baskin has joined the profession panel of the San Rafaelbased mediation firm, Resolution Remedies. ' Headed by CEO Perry Litchfield, Resolution Remedies recently moved to a new office in downtown San Rafael. Kathleen Daly and Lisa Lange have been named to the Coldwell Banker Residential Brokerage International President's Circle. Daly and Lange work in Coldwe,ll Banker's Greenbrae office and received the recognition based on sales performance. - - - - Movers and Shakers 1s compiled by Wlll Jason and appears weekly Send ~nformat~on to wjason@ marinlj corn $" San Francisco, CA (San Francisco Co.) Sunday Chronicle (Cir. S. 354,752) MAR c? 5 ;r@tz ---- - - - 1 Seek a real estate agent with 1 experience and enthusiasm 1 , , ;);!: ;=; Q: How do I find a qualified real estate agent to sell my home? ' i A: It's important for s'ellers to seek out a listing agent who is experienced, proven and uses a variety of sources to market the property. Some of the questions you will Want answered by a ~ r o s ~ c c t i agent ve include: How 10% ha1.e they been in the business'! Will they provide You with a comparative market analysis? Can they supply You with references? How will they market j I 1 1 SOUND OFF the home? will they have both a broker's open house and a pulllic open house? Will they provide you with a list of ilnprovements needed to pre1)arc your home for the market? Do they have the reS ~ I ~ ~ . C to C Sprcp,it-e a house for the market? wlhal have they sold in the area in the past one to tliree years? What is the average price per square foot of the agent's comparable sales? Also, gauge the agent's reaction. Do they seem truly interested and enthusiastic about your property as they view it? And, most importantly, the sellcr should hire an agent who lives in, or at least is very hmiliar with, the area and the neighborhood in which they live. - Kathleen Daly, Coldwell Banker ree en brae, (415) 464-3539, kd~~@~~roldweNbnnkrr.ro~n Truckee, CA (Nevada Co.) Sierra Sun (Cir. W. 6,000) 1 pcclI I t -- - sc- Lake Tahoe and CarsonValley Coldwell Banker offices join forces I> an Jacuzzi, President of Select Group Real Estate Services, has announced that Cfidwell Banker Best Sellers of Carson City, Dayton, S d Minden Nevada, will be joining forczs with Coldwell Banker Select Real Estate. Coldwell Banker Select Rear Estate is part of Select Group Real Estate Services which operates 21 real estate offices with over 600 sales associates se~rvi~g Northern C_aliforniaand Northern Nevada. Dan *acuzzistated, "The merger with Coldwell Banker Best Sellers will make Coldwell Banker Select Real Estate the largest residential real estate company in the Northern Nevada market. With Nevada office locations in Reno, Sparks, Fernley, Inclinevillage, Zephyr Cove, and now, Carson City, Dayton, and Minden, Coldwell Banker Select Real Estate serves all the major markets in Northern Nevada. In today's real estate market our strength is in our numbers. With the addition of the three Coldwell Banker Best Sellers offices to the Select Group of Real Estate Services portfolio, we are able to offer our agents and clients all of the advantages of a national brand and of larger regional organizations. This enables us to provide -=thebest services available in the industry today." Jenny Lopicco!~,Broker and Owner of Coldwell Banker Best Sellers stated, "Going into 2012, we feel the timing for a merger is perfect. We will start the New Year with a bang, by incorporating all of the training, technology, and marketing experience of Select Group Real Estate Services,which has grown into the best company in our area in just a few short years." Jenny Lopiccolo, who has been in the real estate industry for 30 years, will take on the role of Regional Marketing Manager with Coldwell Banker Select Real Estate. Carson City Manager, Victoria Williams; Dayton Manager, Jody Foley; and Minden Manager, Mary Cioffi; will continue their Sales Manager roles for their respective office locations. "Our Coldwell Banker Best Sellers team of top producing agents, will continue to do what they do best, taking care of our clients in a challenging market", said Lopiccolo. "The difference is that our team is now part of a dynamic and growing company that is continuing to expand." The Select Group Real Estate Services offers its sales associates industry leading technology and websites. The company manages its own wide-area network and Cisco phone system allowing all locations to function as if they were a single location. Their technology allows clients to view anv property for sale on an agent's website from Northern Nevada to Lake Tahoe to Sacramento. Coldwell Banker Select Real Estate's office in Carson City is located at 123West Second Street, (775) 883-8500; in Dayton at 175 Hwy 50 East, (775) 246-8500; and in Minden at 1657 Highway 395 North, (775) 782-2205, under the leadership ofvictoria Williams, Jody Foley, and Mary Cioffi, respectively, and with an experienced management team headed by Dan Jacuzzi and Ron Hoy. About Select Group Real Estate Services Select Group Real Estate Services is a regional real estate company with offices in California and Nevada. They currently serve the Sacramento region, Chico, Paradise, the Sierra Foothills, and Truckee in California and the Lake Tahoe region, Reno, Sparks, Fernley, Carson City, and Minden in Nevada. The Select Group also operates Stanford Mortgage, Select Property Management, Select Business Development Group, and Select School of Real Estate. The Select Group's main office is located at 437 Century Park Drive in Yuba City, California. About Coldwell Banker Real Estate LLC Sincr 1906, the Coldwell Banker organization has been a preniier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of more than 92,000 sales agents working in more than 3,600 offices in 50 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to augment its website for smartphones, the first to create an iPhone app featuring international listings, and the first to fully harness the power of video in real estate listings. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. This press release was e-ma~ledto Managlng Edltor Kev~nMacMillan at kmacm~llanQs~errasun com. ' - .Boise, VD (Acia Co.) ldaho Business Review (Cir. LV. .2?100 ) PROMOTIONS & APPOINTMENTS Hong named project manager of tech council The Idaho Technology Council has appointed Malcolm Hong to the position of project manager. Hong earned his master's degree in communicatioll . at Boise State University, focusing on pub- Malcolm Hong lic relations and marketing. While attending Boise State, he completed internships at the Idaho Department of Commerce and at Scott Peyron & Associates. Through his internsh~pwith - Scott Pep;can, ilong v~iuc?eeredto help the Idaho Technology Council with its public relations needs, most notably in helping promote and organize the ITC's first Hall of Fame event. NEW HIRES Coldwell Banker Tomlinson adds 2 Coldwell Banker l'omlinmn Group has added Tony Keife to its Emerald Street office. Keife has resided in Boise since 1977 and holds both his undergraduate and graduate degrees from Boise Tony Keife State. He sits on the boards of two area nonprofits, Recreation Unlimited and the Treasure Valley Tennis Association. Dan Marion, a 23year veteran in real estate, has also joined Coldwell Banker Tomlinson Group. He 5' eGifified'- Iiksi- " tate industry for seven years. New to Idaho just five years ago, Lofthus has become a top producer during a difficult real estate period. Kelley has an extensive background in sales and contract Cerri Kelley law and has been in the real estate industry for 11years. She has lived in the Treasure Valley for over 25 years and has expert knowledge of the local real estate market. She brings strong negotiating skills to the position. Sweet joins Parsons Behle & Latimer Parsons Behle & Latimer hired Josh Sweet as a senior pa~alegai -for the firm's Boise office (formerly Zarran Midgley and Johnson). Sweet. who joined the firm in January, wll! support Josh Sweet the firm's lltigation practice group. He has an extensive background iri general, civil arid business litigation Sweet's work at Parsons Behle & Latimer will foc us primarily on document management, discovery, pre-trial preparation and trial support. He previously worked as a l!ugation paralegal at Boisebased firms Naylor & Hales and Greener Burke Shoemaker,and Los Angeles-based McCutchen Doyle Brown & Enersen (now Bingham McCutclien). West Valley Medical names new COO,CFO West Valley Medical Center in Caldwell recently hired a new chief operating officer and a new chief financial officer. Cory Darlleng will sdrve the m$dic;il cen-' ter as COO. He will dential Specialist oversee the day-to-day (CRS) and focuses on Cory Darling operations of the faresidential and vacility and its support cant land sales, as Dan Marion operations, along with the lab, pharmacy well as marketing and managing RE0 foreclosure proper- and imaging services. He will also manties. He spent many years in the Califor- age campus improvement projects such nia real estate market before relocating as the currelit Critical Care Unit renovation. Most reczritly he served as an assoto the MeridianIBoise area in 2009. ciate administrator of Hospital Corporati011 of America's Parkridge Health Syste?, in Chattanooga, Tenn. Kate Fowler has been promoted to chief financial officer. Previously Fowler, a certified public acChris Lotthus countant, worked as a and Gerri Kelley, selrlor rnanag,~!: at real est;ite sales proErnst 9r. Young and a fessionmls, have sc.~liorconsillr:iiit at joined tlie staff of Deloitte &Touche. Keller Williams ReShe is currently ~ilty Boise Market "-- - li working toward a Center. Kate Fowler master's of business Lofthus has an exadministratioli detensive background Chris tofthus gree from Northwest Nazarene Univerin sales and business management and has , k e n in the real es- sity and expects to graduak in December. Lofthus, Kelley sign with Keller Williams checkoff, a market development program funded by U.S. beef producers and importers, Jones was elected during the 2012 National Cattle Industry Winter Convention and NCBA Trade Show, held Feb. 1-4 in Nashville, Tenn. He is president, CEO and a n active manager of InterMounntain Beef, a family-owned feedlot business. Having grown up in the cattle industry, Jones has been a volunteer leader in the business at the state and national levels. Zions Bank hires Mclntosh for PR Zions Bank has hired Nicola McIntosh as public relations officer for Idaho, based at the ' Boise Ninth and Main office. Mclntosh has 14 years of experience in pub---~ lishiilg, most re- Nicola Mclntosh cently as presidezt of McIntosh Media Inc. in K ~ m apub, lisher of the "Kuna Melba News," "The : Roundup" and a n annual guide called "This Is Kuna." McIntosh has been a resident of Kuna since 2006 and has been active in the community, including serving two years as president of the Kuna Chamber ,,. .,' o f Commerce"- .: ;- l':; : .,,, -L a r r y C. Johnson has been recog- _ " nized as ;neQf the top 30 Most ~fi'ective ., - = :-:..,F&draisi~.~onsultants in the U.S. by "The Giving show," a radio program in the philanthropic sector. Johnson was ranked at N(). 1 4 among his colleagues for his contribution to the world of phiLynn Kesler has lanthropy joined the staff of lo 2010. Johnson was named OutMountain West Bank standing lic.\.:elopfi?t.ni~xecutiveby the as ;I mortgage loan Associaiix-1 of F'ur.rlraising Professionoriginator. 31s. He is a freql~entspeaker, trainer and furidraising consultant. He has more than 10 years experience in the mortgage industry He will be the inLynn Kesler house mortgage loan originator at the Mountain West Bank Cole Branch. . Zane A m y , ~ F a r m ~ I n s u r a n agent ce in Meridian, has completei-the five-day Career Agents Course at the University ofFarmerstraining facility in Agoura Hills, Calif. The University of Farmers training facility in Grand Rapids, Mich. was officially dedicated in September 2011, Fidelity National while. the training facility located in Title has added Agoura Hills was dedicated in NovemL a u r a Page to its ber 2006. The university offers training staff to lead its comto 15,000 agents, 500 district managers mercial escrow team and 10,000 claims staff year round. in Idaho. Page brings 10 years of escrow experience, special&"ing in commerc'ial and investment real Laura Page estate, to the position. Page will work with commercial and residential real estate agents, as well as individual investors looking to purchase investment properties throughout Ada Nicole L. Cecil, an interior designer and Canyon counties. with CSHQA, has been appointed as a member of the 2012 NCIDQ Item-Writing Task Force for the interior design examination administered u -" - a* throogliii~~t North Nicole L. Cecil' America. 1ntr:rior desig13er.sfrom across North An-ierica were selected to research and Cevin Jones, a cattle feeder from writc cl~iestionsfor the niultiple-choice Eden, Idaho, has been named to his sec- sections of the examination. The Naond tern) or1 the national Beef Promo- tional Council for Interior Design Qualtion Operat~ngCommittee. The BPOC is ification (NCfDQ) helps establish a 20-member beef producer panel that standards of competence for desig~l/inallocates annual funding to national terjor architecture professionals. beef demand building program.; with Cecil has worked in the interior demonies collected through thc beef sign field for more than 16 years. I I _ - HONORS & ACHIEVEMENTS Johnson named an 'effective consultant' -, ,, (8' Mountain West. Bank adds Kesler to staff h'k : : Zane Amy completes ~armersagents' course - Fidelity National adds Page as escrow officer -/-- Cecil appointed to .. exam task force BOARDS & ORGANIZATIONS Idaho cattleman elected to leadership post - San Francisco, CA (San Francisco Co.) Sunday Chronicle (Cir. S. 354,752) WHAT YOU CAN BUY The Chronicle and Blockshopper San Francisco scour the Bay Area to find what range of properties buyers can get for their money. This week What You Can Buy travels to some of the most expensive neighborhoods ill the region to find homes in the $375,000 range. 716 Second Ave., Unit 5 Beds: 1 Baths: 1 Square footage: 551 1335 Laguna St., Unit 4 Beds: 2 Baths: 1 Square footage: 840 This top-floor penthouse, which faces Second Avenue, is the final ::. unit available in this modern building that features city lights and mountain views. Highlights of the open floor plan include recessed lighting throughout, hardwood flooring, double-nane windows. a TRI Coldwell Banker skyfight and a kitchen with stainless steel appliances and Caesarstone countertops. The building is convenient to Golden Gate Park, Clement Street and area colleges. Listing agent: Rich Lezuetzow, TRI Coldwell Banker, (415) 830-0699, rich@ This second-floor home is located in a cooperative building with a park like setting and a central location. yhe unit has been extensively reinodeled and features a large living-dining area and a galley-stylekitchen with granite countertops. Off the kitchen is a spacious and private west-facing Coidwell Banker Residential deck from which to tace in the serene, tree-shaded grounds. Nearby are restaurants and world-class entertainment, including Yoshi's Jazz Club and Davies Symphony Hall. Listing agent:Jana Farrell, C O / ~ W EBanker// Residential Real Estate, (415) 33.41880, ,[email protected]. 7~ R 3 t 3%. , Santa Rosa, CA (Sonoma Co.) NorthBay Biz (Cir. M. 15,000) I1 ! M A group oi local Hisp'lnic real estate protessionals ha1.e relaunched a local chapter oi the National Association of Hispanic Real Estate Professionals, a nonprofit trade association. The group NAHREP-Sonoma County ~7romotessustainable liomeo~\~nership in tlie Hispanic comniunitj~ through support of the acl\.isers \\.ho work ~ v i t hLatino buyers. The local board includes: Martha Hernandez (MLH Real Estate), president; Delia Nieto (MLH Real Estate), vice president; Marcos A. Guerra (Wells Fargo Home Loans), secretary; Ed Bustamante (EB Mutual Securities), treasurer; Marcos Suarez (Hispanic Chamber of Commerce), parliamentarian; and board members Doug Solwick (Advantage One), Nicole Poole (Redwood Credit Union), Ken Miranda (Wells Fargo Home Loans), Fermin Escutia (Keller Williams Realty), Martin Puga (Stearns Lending), Todd MendozfiColdwel_l_ Banker) and Joan Picard (Guild Mortgage). " U Allison DeLauer has joined diRosa In Napa as d e elopment ~ director ~ e a k ~ oIT~ oif cSanta' Rosa has received the CompTlA h4SP Allison OeLauer Partners Trustmark for its use of industry-accepted best practices for service delivery and customer interaction. Napa Valley native Sur Lucero has been named one of the Best New Sommeliers by Wii7c G. Spirits magazine. Lucero runs tlie wine program at Oenotri in Napa. Calpine Corporation plans to build tM7o new power plants adjacent to its existing Geysers steam field in Sonoma and Lake counties, designated to generate a total of 98 megawatts of additional clean energy (pending regulatory approvals). Coleen Lindgren has joined The Personnel Perspective as recruiting manager. SSU graduate Ian Cauble recently won the title of TODYoung Sommelier of the Coleen Lindgren World from the ConfrCrie de la Chaine des RBtisseurs in Paris. Cauble currently works at the Ritz-Carlton at Half Moon Bay. 1 L, 1 March 2012 For the fourth consecuti\.e year, readers of CotlllP N f z s t fin.i~c;ler.ha1.e honoredKenwood Inn and Spa,Jn its most recent readers choice a ~ ~ a r d s , the local luxur!, destination landed in the top fi1.e on the lisf of Top Small Resorts in the United States. Sonoma State University's school of science and tecl-uiology 11as received three National Science oundation grants. The largest-more than $1 millio11o\,er five !:ears$~~~ill be used to develop programs to encourage more SSU students to major 'in science, technology, engineering and mathematics. More thafi $300,000 was awarded to the cheinistry department to purchase a ?~igl~-pow~er nuclear magnetic resonance spectrometer. Chemistry professor and former SSU Excellence in Education a\vard 1.vinnerCarmen Works received a $129,000, three-year grant to do research wit11 undergraduate students. North Valley Bank has appointed Terrance M. Davis as senior vice president / business banking officei-at tht, ct~mp~in!.'.;~ -Santa Rosa BTanc11.Terry Dav~s Gena Perdue, a certified esthetician, has joined the staff at Wine Country Day Spa in Santa Rosa. Peter Mondavi, Sr. has been inducted into the Culinary Institute Gena Perdue of America's Vintners Hall of Fame. Attorneys Desraeli J. Fiedler and Richard R. Sutherland ha\-e joined the mortgage litigation team at Smith Dollar PC in Santa Rosa. Patrick J. Steffel has joined Santa Rosa Golf and Country Club as food and beverage director. s Hospice by the Bay l ~ a honored longtime volunteer Barbara Kreissler with its 2011 Dee Fahy Annual Volunteer Achievement a~vard. Tricia A. Shindledecker has again been named a Northern California Super La~vyer.She's also been elected president of the Northern California Chapter of the National Academy of Elder Law Attorneys. Happy 15th anniversary to Apple Crate Gifts & Collectibles in Cotati. F. United Way of Wine Country has appointed Marshall Bluestone and Jennifer Laxton to its board of directors. Bluestone is a partner in the la\v fir,?; Senneff, FreeMarshall man & Bluestone LLP. Bluestone Laxton is CEO and principal of Executive Search Associates. Sonoma Valley VinTners and Growers Alliance has hired Tracev Woodward as markking director. Jennifer Greg Beale has joined Sebastopol's Leff Construction as project coordinator. Len Bream has joined the company as an estimator. Petaluma Arts Center Greg Beale has named Virginia May administrative director and Lyndi Brown development director. , \ rnnrkcting ,~fiilintion has been formed beLen Bream tween Michael Crain Properties, Vineyard Advisors and Brokers and Wine Country Group by Better Homes and Gardens Real Estate. Both companies are based in Sonoma. Kaiser Permanente Santa Rosa Medical Center has appointed Dr. Hilary Bartels as ne1t7chief of emergency medicine. REIMAX Full Spectrum welcomes realtor Dr. Hilary Lia Patterson. Bartels Ca'Momi pizzeria and wine bar (located in Naya's Oxbow Public Market) has been certified b!. the Verace Pizza Napoletana Association (VPN), an Jtalian go17ernnlentdesignation that 01-ersees tlie requirements of Neapolitan pizza making. Sonoma has hired Harvard Gates to handle sales and operations in its Northeast region, which includes 13 states. Michael Kasper has been hired for a similar position in the Midwest region (also covering 13 states). Northbaybiz 87 ' Santa Rosa, CA (Sonoma Co.) NorthBay Biz (Cir. M. 15,000) - . i.7 I - t .- (Continued from .page - 27) . BUSINESS TYPE RANK COMPANY . OWNER1 .' PARENT CO.' 138 Capltal Lumber Co. 139 Mead Clark Lumber Co. Inc. TOP EXECUTIVE -- .... . ....- ... -. . Specialty building products John Gaskin 201 1 EMPLOYEES REVENUE . . ... 140 Silverado Resort Destruel Family Resort ~~~ Randy Destruel, CEO John Evans, GM ~ Publicly traded ~ John Beritzhoff, President ~~~ ~ 7 0 ~ 39.8 Sean Canon, Vice President Ann Gors, CEO 145 Mlke Hudson Dlstrlbuting Wholesale food distribution George Parisi, Frank Haynes, Jim Davis ~.. Vibra Healthcare ~ ~ 1 4 7 Avalon Natural Products ~~ . - . ~ . ~ ~ - -~- ~ ~ ~ Pharmaceuticals 1W -Domalne Chandon Inc 1 s Innovative Moldlng, Inc. 157 The Falmont Sonoma Mlssion Wine -~ ~ -~ ~ ~ Privately held ~ ~ ~ Resort Inn & Spa 158 Symmetricom 159 Legacy Marketing Group Timelfreq. devices -~ ~-~~ p~~--- ~ ~ 181 CMI (Chouinard & Myhre Inc.) 162 Paclflc Union lnternatlonal - - Chrlstlels International -- . - 183 Jimmy Vasser Chevrolet ~ . - - ~ .-.~- ~- ~ . ~~ ~~ -~~ - - ~ ~~ 165~ 3 5.2~ ...... ..~ -. ---~ - 34 v Crescent Real Estate Equities Kelley Cosgrove, GM 350v 33v Publicly traded Dave C6te, PredCEO ... - ~ ~ 155~ ~ 3 2 ~ ~-~ ~~~ Jon Opfell, Vice President ~ 20v 30v 31 v Mark McLaughlin, Chairman I 175v CEO ----- 30.7 v Auto sales Privately held James Vasser, President 55 30.4 Aggregates, ready mix, concrete, grapes - - James Syar and family James M. Syar, President 9 0 ~ Auto s a l e s / ~ ~ ~ . Jim and Scott Silveira -- Steve Giondomenica, Pres 32v Pacific Union International, Inc. . - - - - .- 8 7 ~ 32.1 E ~ ~ Steve Giondomenica - ~ ~ Regan Holding Corp., Lynda Lynda Pitts, CEO Regan, primary stockholder ~~~. Apartments, hotels, charter Thomas Dawson schools, hotel to apartment conversions ~. 1 2 5 ~ 34.8~ 11Ov ~ --- . ~ Wayne Schmidt, President ..... .--~ .~~ ~ E -.$5~~.-.35,7.~- . ~ - - ~ ~~~ - - ~ - ~ ~ ~ E -~ 1 9 0 ~ 35.7 ~ - Real estate -- ~ Darlene Walley, GM ~~~~~ IBM Reseller - ~ -- ~ ~ ~~~-~ - ~~ ~~-~ ~~ Contractors, I ~ c . - ~ Annuities, long-term care insurance 180 Preclslon General Commercial -- ~ ~ 36.2 TriMas Corporation ..... -- ~ - 111E Matt Wood, Director ~ ~~- ~ ~.~~ LVMH Plastic closures - - ~~~~~ 37v ~~ Joel peterson, Winemaker and Founder - ~ 3 7 . 8 ~-- 55v , J. Michael Sheperd, CEO ~-~ ~~ ~~ 65v ~- ~ - 38v ~ ~ , Icon Estates - . 1 5 4 Dow Pharmaceutical.Sciences -- Herb Lakritz, President . 3 8 ~ ~ Stephen Patterson, PreslCEO BNP Paribas, publicly ~ traded . . Wine . ~ . Family owned Bank ~ - - ~ ..... ~ ~ ~ 364v -~ ~ ~ -. ~~ Evan Rayner, CEO Herb Lakritz ~- 38.6~ 1 3 5 ~ 38.2 E Speedway Motorsports, Inc. Steve Page, PredGM~ ~ . . ~ 56v 4 0 ~ ~~ ~p~~~~ -~ p ~ ~~~ 39E ~~~ ~- ~ E 95v ~ Lori Beaudoin, CFO North Sonoma County Healthcare District 148 lnflnean Raceway Motorsports 150 Novato Toyota Kla Marin Auto saleslsvc. ~ ~ - ~ . 151 Central Valley Builders Supply Building materials 1m Ravenswood Winery ~- ~ ~ ~ ~ . . Michael D. Smith, PresICEO The Hain Celestial Group Acute care hospital 1 5 2 Bank of the West ~~ Michael D. Smith and Michael A. Smith ~~ . - George Parisi, CFO ~ Personal care 148 Healdsburg Distrlct Hospital ~ -- - ~ Rehabilitationhospital Gen. contractor and engineering ~~.~ - - ~ Network cabling contractor IDEX Corporation 146 Argonaut Constructors ~ 5. 5 ~ 3 9 . 8 ~ 1 4 4 Kenmeld Rehabllltatlon & Specialty Hospital ~~ 40v ~ 143 ldex Global Sewlces ~ 550v Grea - Gomon Datvl Bond ~ A N , broadcasVfilm production and equipment ~~ 40v ~~ Lumber, whsl. ~ - lOlv ~ ~ 142 Snader & ASSOC ~~~ 40v ~- Silverado Resort Services Group LLC. ~~ 1 4 1 All-Coast Forest Products ~~ 31v - Lumber ~~ ~ ... . Jeff Logue, GM - - -- - - -- - A . -- - Toyota 1 6 4 Syar Industries, lnc. 168 Sihreira Bulck-GMC Truck - - -- - -- -- 3 0 ~ -- -- Jim & Scott Silveira, Owner I Founder 47v 29.8~ 95E 29.5 E - l6@Jordan Ylnevard & Wlnew 167 Marln Sanitary Servlce -168 Sonoma Market 169 Coldwell Ba@er Northern Wine John Jordan Marin Recycling Waste coll.1recy. ---- - --- California - 170 Diablo limber Inc. 171 Flowmaster, Inc. John Jordan, CEO - - Grocery . -- ---- --. Whsl. lumber - ..-- Privately held -.- -- -. - --- - -- -.- - -. - -- Winnie Flugger, CEO .-- E - 1 9 0 ~ 28.8~ --- 220~ -. -- Wm. Myer, Jr., Owner - - -- Dale Downing, President - - 1 8 5 ~ 28.8 Rick Turley, Pres. SF Bay Area - Privately held -. Mufflers, exhaust - - -.--- --- Joseph Garbarino, PreslCOO Dale Downing & Don Shone -- NRT - Real estate - ~ - - - -- 28.6 E -- - -- 3 5 ~ 2 8 ~ - 250~ 2 8 ~ (Continued on page 33) 500 Bonus Issue 2012 Northbaybiz 29 ] San Jose, CA (Santa Clara Co) Silicon Valley Business Journal (cir W 8,218) ; - . . MAR 3 0 2012-- .. .-*-- f y-- - - -- r a -% i - r~;+i7. Residential Real Estate Firms Ranked by gross dollar volume of closed sales in 2011 for Silicon Valley* offices -- Rank 2011 rank 2 1 2 --i 2 ' 1 - - A Company Address Phone. website Aiain Pinel Realtors Inc. 12772 Saratoga-Sunnyvale Road, Saratoga 95070 408-741-1111, w w w apr com -- Gross dollar volume of closed sales in 2011 in Silicon Velleylnumber of properties soldlaverage price of homes Active. full-time licensed agents in Silicon Valley1 number ot ttrgport staff Offices in Silicon Valley/ companywide $4.4 bilf~on 3,934 $1.1 mtllion 697 65 8 27 .- &wen Banker R e s i d ~ g i a~l r o k e I r ~ e Atcosta Blva.;SXe 500, San Ramon 94583 925-275-3000, w~w.californiamoves.com $4.2 billion 5,812 $723,104 3 lntero Real Estate Services Inc. 10275 N. De Anza Blvd.. Cupertino 95014 408-342-3000, www.interorealestate.com $3.8 billion 7,003 $556,437 4 Sereno Group 214Los Gatos-Saratoga Road, Los Gatos 95030 650-947-2901, www.serenogr0up.com 5 Keller Williams Realty Silicon Valley 2110 S. Bascom Ave.,Campbe1195008 408-626-9800, www,kw.com 4 .- .- -- 1,092 NA -- -- 6 . 5 - Legacy Real Estate & Associates Fremont 41111 Mission Blvd., Fremont 94539 510'144-3500, www.legacyrea.com Paul Hulme, presidentJCE0 15 42 RickTurley, president % 20 46 Gino Blefari, presidentICE0 [email protected] 2002 169 22 5 5 Chris Trapani, founderICE0 [email protected] 2006 ~ - . - 4 $459.7 million 902 $509,683 216 15 750 $452.1 million 902 $470.451 143 11 1 3 * - ., , , - '9 --- -- i 1 i = I 1 . . -% ; 11 ) %13 i l2 - -- p 14 i 1 , - :' 15 , - 16 = NR - -- - -- 72 7 3 2 Orhan Tolu, CEOIbroker [email protected] 1997 $373.5 million' 762 $490,193 200 6 3 Intero -Cambrian Park 1900 Camden Ave., San Jose 95124 408-558-3601, www.interosilicon~alley.com $332.6 million 690 $482,000 94 4 1 1 Terry Meyer, brokerIC00 terryQterrymeyer.com 2007 lntero Real Estate Services - Fremont & Union City 43225 Mission Blvd.. Fremont 94539 510-651-6500, www.interotricity.com $315.3 miilion 785 $410.000 152 9 2 4 Rishi Bakshi, managing brokertowner [email protected] 2006 Alain Pinel Realtors Inc. of C a m e l & Morgan Hill Junipero Ave., between Fifth and Sixth avenues, Carmel93921 831622-1040, www-apr-carmel.com $294.1 million 385 $764,075 82 11 . . . . . a - Century 21 Realty Alliance 1528 El Camino Real, Suite 110, San Mateo 94402 650-558-5200, www.c2lrealestate.com $440 million 522 $500,000 -- Better ~ o m e and s ~ a r d e n ~s e a~ls t a t eM a r o n - M c ~ u f f i e 7901 Stoneridge Drive, Suite 300, Pleasanton 94588 925-924-4600, www.bhghome.com -- - .- -- -- - ~ - -- - ~- .- -------- Better Hove:. ar.S Gardens Rea! Estate Ventura Barnett Properties 5985Almx!zi: Exl~lassway,San Jose 95120 4 0 8 . 9 ~O?!E, ~ i~ww.vbprop.com ~ 14 j 2 -- Bill Aboumrad, ownerlmanager [email protected] 1991 James Meader, ownerICE0 [email protected] 1990 - .--.- --.- - --- 'I 0 e -- 1 1 ---- 9 $ ,:. - Michael Sibilia, brokerlowner msibiliaQkwsv.com 2002 % --. - 65 11 - 8 -. 1200 95 .- $450.5 million 550 .,Suite 101, San Carlos 94070 NR - - -. . -. . t --A $1 billion 1.015 $996.059 -- - - , *. 1-- 1908 ... 8 Top local executive 2 Email, ifavailable . -Year founded --- 1990 -- - . ..; -- - -- -. - -- --.- 2 _ _ - 1 1 Al Silbernagel, brokerlowner - .- .- I 1976 $71 m~llion 173 $410.809 -- Tony Ventura, president [email protected] zoo3 ~.- -- -~ 30 3 _..-_._I- Shankle Real Estate lnc. 261 Webster St.. Monterey 93940 -- .- - - 200 0 ' Silicon Valley Associates lnc. 1590 The Alameda, Suite 8110. Ssn Jose 95126 408-288-7600, www.svarealestate.com - - 2 2 - - ~ $127.6 mil!ion 400 $319,176 . Judith Profeta, ownerlpresident' jprofetaOapr.com 1995 .- 117 5 - .- .. . - ~~ 2 . - .- .- .- -.. ..- . - - - $247.2 million 397 $622,840 Altas RealtyIAtlas Financial Services 1190 S. Bascom Ave., Suite 118, San Jose 95128 408-558-9292, www.altasrealty.com Ed Krafchow, cha~rman&CEO [email protected] 1997 31 --- -. - 1 1 -. - David Giambruno, ownerlco-founder david@SVARealEstate com 2007 - - _ - . - $65 million 152 $427.600 20 2 1 1 Stuart Shankle, broker [email protected] 1956 $44.1 millicln 141 $312,784 4 6 1 1 Bob Nastasi, brokerlpresident bobQatobrealty.com 1994 $36.5 million 56 $653,000 6 3 1 1 $27.9 million 35 $79:,501: 5 1 - _ - -- i 18 1 18 ---. - - 19 22 .j 9 * . . - - - .". 20 --- 1 es-5-" 22 NR i. l - p - - 24 ,,:NR , ! ; I ; j - :. -C.< * * 7 - - . ~ ~ Silicon Valley Residential Realty Inc. 46 W. Julian St., Suite 229, San Jose 95110 408-297-0888, www.svresidential.com ---- --- - -. - *SiliconValley includes.Santa Clara County: Fremont. Newark and Union City in Alarneda County; Atherton. Belmont. East Palo Alta. FosterCihl. Menlo Park, PortolaValley.Redwood City. San Carlos. San Mateo and Woodside in San Mateo County: and SanBenito,Santa Cruz and Monterey counties Although every attempt is made to ensure the accuracy and thoroughnessof Business Journal lists. omissions sometimes occur. lnformat~onfor obtaining commemorativeplaques, reprints or Web permissions can be obtained from the Business Journal's designated panner company. Scoop ReprintSourceat 000767.3263 or scoopreprintsource.com. No other companies offering similar services are aff~liatedin any way with the Business Journal. .- .- -~ . -- ~~ 6 1 1 1 Cr~stiiiaMartinez, CEO cmart~nezQcristinapowerhouse.com 1994 Tony Sum, broker [email protected] 2006 $18 million 20 t 1 1 Paul Younan, president!broker/owner [email protected] 2003 - . t - - $17.2 million 521 $1.2 million 135 5 $17.2 million 51 $333,472 2 2 - 1 695 - NOTES: %-Didnot disclose. NR- Not ranked. In case of ties, companies are ltstedalphabetically. Information was obtained fromfirm representatives. ' Broker of record - $20.8 million 51 $408,724 .- RelMax M i d Peninsula 1870 Broadway St., Redwood City 94063 650-364-2660, www.remaxredwoodcity.com -. 1 1 * 505 Hamilton Ave., Palo Alto 94301 650-454-8500, www.kw.com . 1 5 ---- .-----___- ~ Gina Henson, president ginaaseq-rs.com 2008 ~ - - ~- .- - - 1 1 -.- ~ Claremont Properties 225 N. Santa Cruz Ave., Los Gatos 95030 408-354-9600, www.claremont-properties.com ---~-___ ~ $25million 49 $510,980 - Patrick Carmichael, brokerlowner CarmichaelQhomesellers.com 1999 -- 2 4 ~ ~ 1 1 --..-~- - -- . - MyronVan Raesfeld, CEOIpresident myronQclickhomerealty.com 1998 -- '$271 million 37 $66_9,577 .- L __24 Keller Williams Realty NR ---- Cristina Marii:!az Co. 1699 N. Capitol Ave ,No. 30,San Jose 95132 408-934-2000, www.cristinapo~erho~~e.com - i5 23 - -- .- .. . .~-- Sequoia Realty services 135 Franklin St.. Redwood City 94063 650~556~8660, www.sequoiarealtyservices.com S 21 -- -~ RealtyWorld-Homesellers.com 1160 Industrial Road 138. San Carlos 94070 650-802-7000, www.homesel!~:s c n n 23 ! -~ ~ ~ Click Home Realty Inc. 950 Monroe St., Santa Clara 95050 408-615-1000, www.clickhome.us - ~- - Robert Stelzer, managing broker [email protected] 2005 p p p p p 2 2 Jaime Gonzalez, owner jaime.gonzalezQmindspring.com 2006 If yuur company would like to be cons~deredfor next year'slist, or if there are any corrections or additions,write to: Research,Business Journal. 125 S. Market St.. 11thfloor, San Jose. CA 95113: fax 408.295 5028; or email IreyesQbizjournals.com. Research by Lemery Reyes Lkt published March30.2012 . I I ~-- Palo Alto, CA (Santa Clara Co) Palo Alto Daily News (cir D 23,000) . - - go of a legacy 1 Selling longtime family homes becoming more common; 15 percent of sale? last year involved multi-generational dwellings Chris Smith grimaced as he surveyed the faded floral carpet in his parents' upstairs hall, then sidled past the small cross and family photos and into a corner bedroom. He waved both arms, semaphorestyle, toward the back window. "Right across the roof and down over the porch, an easy exit," he said, recalling frequent, fgtive late-nightforays from his high school years. "And out there was where my dad built a sweet tree fort. That's where I broke my arm when I was 5 years old." Smith, who at 45 looks fit enough to 1 bound across that roof again, is in a particularly nostalgic mood these days. Like many folks whose elderly parents no longer can take care of themselves, he's faced with selling the house he grew up in. 1 "That house is the only context I really - know my parents in," he said of the Edina, Minn., home his folks built. "It's tough to think of somebody else living there and I you can't go to the yard anyinore." task is bittersweet because 1:he'sSmith's trying to sell a house that's been in his family since he was born, a house permeated with memories. He's not alone. The quarter-century after World War I1 saw an unprecedented housing boom. Many young couples who bought homes in the 1940s and '50s raised their families there, I and didn't move out until they passed away or moved into assisted-living facilities. 1 ; II Mary Thorpe-Mease's 95-year-old mother died in September. Her south Minneapolis home had been a gathering place for friends and extended family members for 68 years. "At one point during World War 11, we had 13 people livirg in the house, and only one bathroom," said Thorpe-Mease, 72. "One of my cousins called and said, 'I can't believe people are going to look at our house.' "We had wedding receptions and celebrations after funerals and baptisms, just a lot of really wonderful history. Last year we took a photo of (nearly 50) members of the extended family sitting on the front porch, our iconic front steps. None of us can really believe we're not going to have those steps." Last year, 15 perc"ent of U.S. home sales involved dwellings that had been in the same hands for more than 20 years, according to the National Association of Realtors. A century ago, several generations might all be livingiiilthe same house, so these transactions wcre rarer. Nowadays, the people who grew up in these homes have the option of "keeping it in the family" by purchasing the home for themselves. But there can be geographical, emotional or even logistical barriers. Linda Halvorson said she would have considered buying her parents' south Minneapolis home of 60 years, "but we already had purchased my mother-in-law's house. So we had already done the mother and father thing and gone through the emotions of doing that. "They (her husband's parents) moved first, what can I say?" she said with a chuckle. Barb Fellrnan of Bemidji, Minn., didn't have that option when her childhood home in Brooten, Minn., went on the market last year. Other family members made the decision. "I was disappointed that I wasn't consulted, but it wouldn't have changed anything," she said. "It was the right decision." Now that Fellman has no relatives in Brooten, she said she felt "very ,sad to not have a reason to go back to that town again." But she said she began taking leave of the house years earlier, when her parents still owned it. "My old bedroom, you personalize that when you're a teenager," Fellman said. "So it was harder for me when they changed that room into a guest rdom than when they physically moved out." Fellman's situation - having several family members involved in making a decision - is not uncommon. Margaret Thorpe Richards, a Realtor-at ColdruellBanker-Burnet, has seen a pattern in hanxng several such scenarios. "There are typically one or two family members who are more tied to the house, whether it's the oldest sibling or daughter or whoever took care of the ailing parent," she said. "Everyone has a different timetable of when they come to grips with it. You just have to let it unfold." - - - 1k I e - E i I F r 5 i: = Pleasanton, CA (Alameda Co.) Pleasanton Weekly (Cir. W. 18,000) WAR 3 n ye? i i : ,, j , I .. ~ I I om ~ e ~ ~ ies voice c k for new Coldwell Banker campaign New television commercials surrounds theme, 'Value o f a Home' BYJEB BING , Emmy : I . , < ! C~rolclenGlohe award winnelTom Sellc. 1 IS the 1.oic.r lor a new Pleasnnton-hasi-<ICoitl\\ i.11 Banker campaign highlighting the v.li~\i.of a home ownership. Coldwell Banker's new national advcrtising campaign focuses o n thi. deepcr and intrinsic value of ;I homc, said hl~chaelFischer, the I-cal estate firrn's chief marketing ofticcr. Voiced 1,y Sclleck, whose father retired as an executive vice president of communications for Colduell Banker, the campaign reinforces the message that people value their homes as much for ernotic~nal and psychological reasons as for finxncial cons~derations. "The Coldwell Banker brand has always meant something specla1 to me." Sclleck s a d . "My father worked klr the company for 35 years. Over that period, my two l>~-oti~crs and my sister worked I ~ t hfor 2nd with Coldwell Banker." "I was the one exception," Sellcck atlded. "So it was indeed a proud moment when 1 was able to tell my mom that I was at last in the 'family business."' More than 4 million homes are expected to l ~ epurchased this year in the U.S., according to the Nation:il Association of Rcaltars. "Pcuple's homes are so important because they are the setting for life's most meaningful moments," Fischer said. "While the economics of home buying are critical, we must rernembcr there is much more to it: l~fcstyle, nlcnlorlcs, family ancl pride of ownership." The Coldwell Banker ad campaign dehuts with a serics of new television con?n~crcialssurrounding the theme, "Value of a H o n ~ e , "Fischer added. I San Francisco, CA (San Francisco Co.) Business Times (Cir.W. 16,000) i 4 ' I REAL ESTATElvl Lotus Lee has Be n hired as salqs associ_ ate by Coldwell Banker Residential Brokerage in San Francisco. Previously, Lee was at Brown & Co. Real ' Estate. , 1 1 Julia Wilhelm has been promoted t o managing director at Studley Inc. in San Francisco. Previously, Wilhelm $as associate director. 1 Tribune (Cir. 3xW 5,500) [Marianne MacDonald attends "meetings at White House Marianne Macdonald Coldyell Banker Dison Ofice - ----- Longtime Dixon Real Estate Broker Mariannc MacDonald as the inco11111:gchairperson of the Woodland I lcalt!~care Community Board was invited -- - -. -. .. - to a ~neeting at the White House, Washington, D.C. Marianne was part of a 40 person delegation consisting of directors, other board members, senior leadership and staff of Dignity Health organization of which Woodland Memorial Hospital is a member. Thc purpose of the meeting was to communicate views on policy issues of importance to Dignity Health and the com~nunitiesit serves. Topics included continued support of the Patient protection and Affordable Care Act (AcA) and how further cuts to health care would affect hospitals ability to care for the poor and underserved. Dignity Health was until recently named Catholic Healthcare West. It serves California, Nevada and --- Arizona. Representing 40 hospitals it is the -fifth largest healthcare organization in the United States with 10,000 physicians. Meetings took plqce in the Roosevelt room at the White House and in the offices of congresspersons representing the three states that Dignity Health serves. During the White House meeting President Obama made an appearance to individually greet each attendee. - Surgeon General Regina M. Benjamin, M.D., William Con; Deputy Secretary of the U.S. Department of Health and Human Se~vicesand Nancy-Ann Deparle, Deputy Chief of Staff for Policy were also administrative officials with whom Marianne was able to meet. z - San Francisco, CA (San Francisco Co.) Sunday Chronicle (Cir. S. 354,752) Coldwell Banker / Residential Mortgage Half Moon Bay kE= 457 Fairway Drive, $1,095,000 Beds: 5 Baths: 3 Square footage: 3,343 Open home: 2 to 4 p.m. Sunday Lower Pacific Heights This sophisticated Contemporary-style home comes with many luxurious extras. Highlights include a dramatic two-story living room, a formal dining room, an elegant master bedroom with an expansive walk-in closet and dressing area, and a spar- kling kitchen with Bosch and Thermador stainless steel appliances. The outdoor living space includes a pretty and private backyard. Listing agent: Roger D e w , Coldwell Banker Residential Mortgage. (650) 558-4200. roger@ rogerdewes.com. / TRI Coldwell Banker 1938 Scott St., $799,000 Beds: 3 Baths: 1 Square footage: 1,818 Open home: 2 to 4 p.m. Sunday This spacious and updated Victorian condominium, one of two units, features lovely period details such as high ceilings, crown molding, wainscoting, fireplaces and hardwood flooring. The south-facing kitchen features new granite countertops, cabinets, a sink and fixtures. Listing agent: Dona Crowder, TRI Coldwrll Banker. (415) 229-1399. dona@donacrowd~~com. Better Homes & Gardens South Beach 260 King St., Unit 1105, $995,000 Beds: 2 Baths: 2 Square footage: 1,488 Open home: 2 to 4 p.m. Sunday This top-level unit has an open floor plan and provides panoramic downtown views from every room. Highlights include dark hardwood flooring, automatic window shades, designer paint, an in-unit laundry and a California Closets organizer. The location is convenient to transportation, grocery stores and AT&T Park. Listing agent: Masti Pahll7od, Better Homes €? Gardens. (415) 264-1296. masti.pahll~od@bhghomr corn. Elko, NV 'C (Elko Co.) Daily F r e e P r e s s (Cir. 6xW. 4,105) - -Through Map 12, KrisVogt, ~ ~ G e ofnColdwell t Banker Residential Brokerage's Sacram;ntiiilalme region, will raise money for the Sacramento Chapter ad The Leukoinia & Lymphoma Society. Vogt 1s also nominated as LLS' Man of the Year and each dollar collected is a vote for Vogt's campaign. Visit www.kr~svogt.com. / " *c - Kris Vogt nominated as Man of - 1he'k'earCandidate for The Leukemia & Lymphoma Societvk Sacramento Cha~ter Cold~vellBanker ~~esidential ~ i o k e i a g erec:cntiy annoGnced that KrisVogt, of the coiripariy's .. president . . . S,clcia~nento/l'ahoe .. region, has been nominated as a Man of 1heYear candidate for the Sacralllento Chapter of The Leukemia & Lymphoma society (LLS). Now through May 12, Vogt and his cinnpaign team will work to raise as much money as possible for ILLS. Each dollar raised is considered a vote for VcgtS campaign. Thc Man & Wornan of theyear co~petitiorii.s hc4ti each year in 1.l,S chapters around the c:orlntry in horior of'l'he Boy 8: Girl of theYear - local cliildre!~who are blood cancer survivol.~.All monies raised stay i l l the lot-ril LI,S chapter. 11s part of his c ii~i~pr~igi-~. Vogl ;~iidhis sllppnrt t e a ~ n will hulti scveral funtiraising tzveriis throughout the Sacmmentci area, ~.:!~ichwiii be open to thc public. From May 4 to ,5.Vog: :in accc;u~pli:ihecimarathon runner. will ri:u fbr 24 hour\ o n a cnursc that will skirt at Sutler M ~ J C Cerltrr A! and wind through Folsom arid Sarramcnto. "Kris is incred~bly cuminitted to L1.S and the Man of the Year cornpelltion," said Clay Sigg. manager of Coldwell Banker Residential Brokerage's Sacramento Fair Oaks ofllce andVogtrs canipaign manager. "To volunteer to run for 24 hours is a tremendous statement to his dedication, generosity and willingness to go above Kris Vogt and beyond w h e asked. ~ It's not about winning for him - it's about doing what is needed to help." "When approached to be an LLS Man of theyear candidate, I immediately wanted to get involved," said Vogi. "So many members of our community have been affected by leukemia, lymphoma and other blood cancers. Our hope is to raise as much money as possible to support those who have been diagnosed, as well as their families. Our ultimate goal is to one day find a . cure and supporting LLS may help do just that." The announcement of the winners will be made at the Grand Finale Celebration Gala at The Sheraton Grand Sacramento Hotel on May 12. The event is open to the public and tickets may be purchased by visiting www.krisvogt .corn. Vogt, an Elk Grove native and graduate of Elk Grove High School, is actively involved in several charitable organizations in the Sacramento community, including Habitat for Humanity, Elk Grove Community Fund, Toys for Tots, Operation: One Warm Coat, Elk Grove Food and Clothes Closet, and more. For more information aboutvogt's campaign and to donate, please visit www.krisvogt.com or call 925.275.3085. Vogt may be reached directly at his. [email protected]. About oldw well Banker Residential Brokerage Coldwell ~anlker~esidentialBrokerage is the largest residential real estate brokerage in Northern California and serves the markets from Monterey to Tahoe and nearly every market in between. The company has 62 ofice locations and more than 3,600 sales associates rlirougho~ltNorthern California. Last year the conzpany handled 13.5% of all dollar volume sold in Northern California, more than double its nearest competitor: Through its internationally renowned Coldwell Banker Previews@program, the cornpanyjeads the luxury home rnarket in Northern California, representing more than 22% of all dollar oolume sold of properties over $1 million. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation's largest residential real estate brokerage company. For tnore infortnation please visit www.CaliforniaMoves.com or call 925.275.3085. DRE # ,/ 00313415. Sacramento, CA (Sacramento Co.) Business Journal (Cir. W. 50,000) Jane Ryan joined Lyon Real Estate's Sierra Oaks office where she will focus on Sacramento-area homes Ryan and properties. Previously, Ryan spent 20 years practicing family law and is currently practicing in the field of prenuptial and cohabitation agreements. April Dunlap joined Sellstate Realty First as a real estate professional. She has been in the real estate business for more than two years. Coldwell Banker Residential Brokerage AddedLaura Katt as a sales associate in its Elk Grove office. Katt will specialize in residential sales in Camden Pointe, Camden Park and the surrounding Elk Grove area. Previously, she was an agent and transaction coordinator with Lyon Real Estate for ,. 12 years. C : Corte Madera, CA (Marin Co.) Twin Cities Times (Cir. W. 6,000) A- . *a Real estate newts r;+ Kathlcen Ilaly and Lisa Lange of Coldwcll Banker's Greenbrae officehave earned membership in the comyany's InteriiationalPresident's Circle, an honer bestowed up011 the top sales assvciates world~vide. The team was also honored last month fur earning membership in tlie exclusive Coldwell Banker Residential Brokerage Top 100 for the Salt . " -- Francisco Bay Arm 201 1. ..,.* .- Davis, CA (Cir. D. 10,047) (Cir. S. 10,298) plenty 1 B y Barbara Archer and Lori Duisenbevg lT SI'ECIAL TO THEENTERPRISE he Measure C can>paign has a lot of folks to tllallk for the amuillg win in the hilarch 6 election. First and foremost, we i would like to thank the vatj ers of Davis for continuing I the proud Davis tradition of 'supporting education. Because of you, our stu- dents will continue to have : i music, science, libraries, t= reading specialists, athletics, counselors and aaail-- _ ability of lnultiple foreign _ language programs, Advanced Placement classes and secondary school physical education progratns. A two-thirds tnajority is not easy to achieve, but Davis showed that it continues to care deeply about education with the passage of Measure C. We'd like to thank all our volunteers who phonebanked and walked precincts. W e thank all those that wrote passionate letters to the editor and op-ed pieces. U7ethank all our parent and co~nlrlunityendorsers. We give a big shout-out to ; - I - to go a-robn-d-t ~-- - Pacelli and Heller created their meeting rooms to us at their establishn~ents. an incredibly effective precinct walking program, and Delaine Eastin and Marty Davis t w d ~ e r and s school West opened their homes for Klineberg scanned phone staff who helpedon the Calll- hleasure c fllndraisers, D~~ banking data every night for paign during night and Walk organized a "volunteer hours long after the phone weekend hours (after spendballkers had nlade their last party for M~~~~~~ ing all day at school with OIW :c, Kin1 Eicflorll hosted our calls. Campaign cor~sultallt kids). Election Night party. Jay Ziegler also was on the Davis school librarians job every day of this camThanks to Rich Reed and tabled every weekend at the blichelle XtcKim fortheir paign. You don't often find Davis Farmers Market. We design expertise, volullteers who will commit are in awe of their energy. to that kind of time. We give a round of applause PTAs, PTOs, booster clubs to Maria Sigua of Ziegler & Finally, we especially for schools, athletics and -Associatesfor her campaign thank our Davis Board of music got the Measure C data work. Education trustees for message out to supporters. believing in our community We were lucky to have a Special thanks to The campaign co~r~lriitttc of ancl fighting for our schools. Davis Enterprise for its fine -.g$,el.cs andener~?;~,r.ic.. -'l'hey cll-~irgebycval-deii~!~ election coverage. Columyear as state Inorley for cdu. souls: Sheila Allen, Martha nists Bob Dunning, Bruce Beetley, Nora Brazil, Greg cation decreases arid do Gallaudet and Jann Murray- Brucker, 'rsui Chang, Gina their best to preserve our Garcia changed hearts and school progranis. These five Daleiden, Juliet Crites, Stuminds. Jeff Hudson just people are sollie of the 111ost art Drown, Kathy I~roinan, does plain fantastic reportKari Fry, Tom Hagler, Ahna dedicated, brave public sering on our school issues. vants you will ever meet. Heller, Hiram Jackson, Joy Thank you to all our Klineberg, Gail Mitchell, Thank you, Susan 1,oven, donors, including Coldwell burg, Tim Taylor, Richard Pam Pacelli, Ingrid Salim, Banker-Doug Arnold Real Robert Woolley, Carri Cum- Harris, Gina Daleiden and Estate, The Yackzan Group, mings Ziegler and Jay Sheila Allen for all that.)o~i The Conaway Preservation Ziegler. do for the students of Davis. Group and Jamie Madison. Our Davis community is We'd particularly like to We thar&JColdweli~Bank-.. acknowledge the work of indeed fortunate to have this .-er-.l)pug Arngld ~ e a m s t a t e Beetley and her husband tremendous support for quality public education. and Lyon Real Estate for I-lagler, who staffed our phone bank and trained vol- Thank you, Davis. allowing the campaign to - Barbara Archer and use their offices for phone unteers every night for Lori Duisenberg are parent banking. Thanks to Our three weeks straight, and House Restaurant and Sudalso heiped with precinct co-chairs ojthe Measure C werk Brewery for opening wallzing. campaign. San Jose, CA (Santa Clara Co.) Post Record (Cir. 5xW. 1,200) OPEN HOUSE - . .---.-,-. increase by 0.75 percent, beginning April 1. Existing borrowers who are already part of an FHA insurance program will not be impacted by the pricing changes." ~ Ja~nesI,Voodard , Continuedfiom Page 1 !*jG ; 1 *p- i \ / I Home Sellers More Realistic In Pricing A new survey reveals that home sellers this year are more inclined to price their home competitively, in line with local market pressures. It also noted other interesting chaages in buyer preferences. The survey of more than 600 real estate agents was conducted by Coldwell Banker Real Estate. It nct only focuses on home pricing trends but also reveals what today's buyers are looking for in a new home. Agents say buyers value new or updated kitchens. bathrooms and open floor plans as the most b n p ~ k afeatures. t More ha!i half (51 percent) of survey responderits reported that sellers are more willing to price their homes competitively than this time last year, and 45 percent said sellers are more willing to ch ge t k . see WOOD%&&igii 3 , ' Q: What are the prospectsforgrowth in appearance of their homes to entice buyers housing this year? than they were one year ago. A: Moderate growth is projected for the Other key elements in the survey: Ninety-four percent say their sellers are pear, according to the Fannie Mae February 2012 Economic Outlook report. Economic getting rid of clutter and making cosmetic growth is projected to be at 2.3 percent for updates, such as fresh paint and minor 2012, an increase compared to 1.6 percent repairs. last year, according to the report. Seventy-eightpercent agree clients are For the first time in seven years, the willing to "de-personalize"the home. housiig market is projected to contribute to F i - n i n e percent say sellers are even the gross domestic product, but by a very bringing in new home decorations or furnimodest amount, the report also noted. ture to help make the home more appealing. Another timely quote related to housing "De-personalizing and making it easy for a growth this year comes from Jay Brinkrnann, buyer to imagine him or herself living in the chief economist for the Mortgage Bankers property is crucial, especially when there are Association: many homes on the market," says Jessica "People often ask where we are in the r Edwards, Coldwell Banker's Consumer housiig recovery and how far we still have Specialist. to go. ... (lhs) is a good time to take stock. "Sellers are more willing to price their "By several measures, mortgage dehomes competitively and make their home more inviting and appealing to a broad cross linquencies are about half way back to long-term, pre-recession levels. The total . section of potential buyers." delinquency rate peaked at 10.1percent in . the fcst quarter of 2010. It now stands at 7.6 Q: Does the Federal Housing Administrapercent, about half way to the longer-term tion plan to raise its premiumsfor home pre-recession average of roughly 5 percent. mortgages? "The rate of foreclosure starts peaked in tL.Yes, the FHA has seen its capital the third quarter sf fi 3 at 1.4 percent but reserves quickly dissipate over the past few has now dropped tc; :. "rcent, about half way years, amid a growing number of mortgage to the longer-term average of slightly under defaults and payouts on insurance claims, .5 percent. reported DS News. 'When it comes to real estate, however, aU "ln an effortto bolster its capital cushion, the federal agency has announced a new pre- national measures are essentially meaningmium structure for FHA-insured single-fam- less since the important measures are local ily mortgage loans," the report stated. "FHA ones. This is certainly true here where the delinquency measures in some markets are will increase its annual mortgage insurance premium (MIP) by 0.10 percent for lo; :s un- much closer to their longer term averages der $625,500, effective for new loans insured while 0 t h markets have much further to go." by FHA beginning in April. rPle agency is increasing the annual MIP James Woodard has been writing aboit Jeal by 0.35 percent for loans above that arncl~nt, effective in June. Upfront premiums w also estate news and trends since 1971. - :( 1 . Oakland, CA (Alameda Co.) Inter-City Express (Cir. 5xW. 1,400) -OPEN H ~ U S E-__^-_- James Woodard Home Sellers More Realistic I n Pricing A new survey reveals that home sellers this year are more inclined to price their home competitively,in line with local market pressures. It also noted other interesting changes in buyer preferences. The survey of more than 600 real estate agents was conducted by Coldwell B d e r Real Estate. It not only focuyes on-home pficin63eids but also reveals what today's buyers are looking for in a new home. Agents say buyers value new or updated kitchens, batl~roonlsand open floor plans as the most imporwit features. Morc than half (51 percent) of survey Continued fiom Page 1 respondents reported that sellers are more willing to price their homes competitively than this time last year, and 45 percent said sellers are more willing to change the appearance of their homes to entice buyers than they were one year ago. Other key elements in the survey: :_ * Ninety-four percent say their sellers are getting rid of clutter and making cosmetic updates, such as fresh paint and minor repairs. * Seventyeight percent agree clients are willing to "depersonalize" the home. * F'i-nine percent say sellers are even bringing in new home decorations or furniture to help make the home more appealing. "De-personalizing and making it easy for a buyer to imagine him or herself living in the ' property is crucial, especially when there are many homes on the market," says Jessica Edwards, Coldwell Banker's Consumer Specialist. "Sellers are more willing to price their homes competitively and make their Zlome more inviting and appealing to a b t i d rrosssection of potential buyers." Q: Does the Federal Housing Administration plan to raise its premiums for home mortgages? k Yes, the FHA has seen its capital reserves quickly dissipate over the past few years, amid a growing number of mortgage defaults and payouts on insurance claims, reported DS News. "In an effort to bolster its capital cushion, the federal agency has announced a new premium structure for FHA-insured single-family mortgage loans," the report stated. "FHA will increase its annual mortgage insurance premium (MIP) by 0.10 percent for loans under $625,500, effective for new loans insured by FHA beginning in April. "The agency is inc~easiigthe annual MIP by 0.35 percent for loans above that amount, effective in June. Upfront premiums will also increase by 0.75 percent, beginning April 1.Existing borrowers who are already part of an FHA insurance program will not be impacted by the pricing changes." Q: What are the prospects for growth in housing this year? k Moderate growth is projected for the year, according to the Fannie Mae February 2012 Economic Outlook report Economic growth is projected to be at 2.3 percent for 2012, an increase compared to 1.6 percent last year, according to the report. For the first time in seven years, the housing market is projected to contribute to the gross domestic product, but by a very modest amount, the report also noted., Another timely quote related to housing growth this year comes from Jay Brinkrnann, chief economist for the Mortgage Bankers Association: "People often ask where we are in the housing recovery and how far we still have to go. ... is a good time to take stock. "By several measures, mortgage delinquencies are about half way back to long-term,pre-recession levels. The total delinquency rate peaked at 10.1percent in the first quarter of 2010. It now stands at 7.6 percent, about hall way to the longer-tern1 = pre-recession average of roughly 5 percent. "The rate of foreclosure starts peaked in the third quarter of 2009 at 1.4 percent but has now dropped to 1percent, about half way to the longer-term average of slightly under .5 percent. 'When it comes to real estate, however, all national measures are essentially meaningless since the important measures are local ones. This is certainly true here where the delinquency measures in some markets are much closer to their longer term averages while other markets have much further to go." James Woodard has been writing about real estate news and trends since 1971. He is the resident storyteller at the Ronald Reagan Presidential Library, and he writes stories to tell to youth and adultgroups. Hk website is ww.storytellernet/jwoodard/. 18-9 j ,