McKae Properties Real Estate Market Commentary

My wife, Cindy, has become a great source of news and information for me to use in my Blog.  She is coming to realise Social Media as the way to communicate and promote myself and my business.  This is quite a change as she was once my secretary as a stock broker, who went up the management ladder.  Her final place was with the Western Regional Director of Merrill Lynch (pre 2006 fallout) which had her in compliance as one of her duties.  Mailing, newspaper advertising and the "written word" were all part of the old school marketing programs.  She has realised that Facebook, Instagram, Linked In and the other social media sites are much more than communication sites of friends.  I think of it as a current resume' that lets viewers get to know who I am and how I think.  She realises that and is planning a Instagram video once the quarantine os over.  Look for it! Clients really want someone who thinks like them and can relate to their needs.  Hopefully this Blog will hel

Listings are being cancelled or withdrawn.  Open Houses are gone or going.  The outlook for the virus and the challenges of being protected look beyond the stay home order expiring April 4th.  Work at home, no school, outside activities are all having a dramatic impact on our lives Coronavirus cutback: California Realtors told to stop home showings, open houses   - Realtors: "Cease doing all face-to-face marketing or sales activities, including showings, listing appointments, open houses and property inspections." ...   Read More Will this change the way we knew our lives and the way we lived?   Is this the "New Normal"? Does the "work at home" start a new normal?  Will employees be able to be productive with working at home?  Will working at home change the value of home prices?  Will those working from home find that they can do so in a less expensive area. All that is yet to be determined.  It is my belief that home prices were infl

This is the second edition of the Blog since I re-started it in late February 2020.  Much to talk about and focus on the real estate markets for Atherton, Menlo Park, Palo Alto, Portola Valley and Woodside. The comments I made last edition was the similarity of the price movement of the Standard & Poor's 500 and Real Estate values.  The recent lost in values of over 20%+ in the S&P and other US indexes have been joined with declines in the World's indexes.  From Canada to Japan to Australia, Hong Kong and Africa the World's markets have seen devastating loses that have taken away 50 years of growth in some countries and financial loses that are difficult to comprehend. To review I have attached below the Historical Chart of the S&P 500 and the S&P Case/Shiller SF Home Price Index.  You will note in 2005 that the the decline from a high of about 220 on the S&P Case/Shiller index to 120 in 2010 to represented a 45% decline in home prices.  The decli

$349,000 000 Slate Creek Rd La Honda, CA 94020  MLS #ML81783914 Two parcels APN # 085-013-191 and APN# 085-013-192 for a total of 2.96 acres. Property has water share to mutual water company and connection rights. PGE on street. Paved road to property. Development rights restricted to residential only. Old Growth Redwoods can only be harvested for building site. Ideal recreation site 45 minutes to Palo Alto.Let your imagination wander on what you could do here

McKae Properties Blog Resumes February 25, 2017 was when I wrote my last Blog for McKae Properties.  Since then, I joined to Berkshire Hathaway HomeServices franchisee Drysdale Properties.  Drysdale had made many changes to the blog format and additions to a final point, I could no longer add my commentary to their Monthly newsletter.  So "I am Back" as crazy comedian Johnathan Winters exclaimed upon his return from a mental institution on late night Johnny Carson show....if you haven't seen it do so.  He was one crazy fellow!!! https://www.youtube.com/watch?v=4RRpgYKX3JM In February 2017 we had conditions that are similar to today.  Low inventory, interest rates which were low for the time are now lower.  Demand for homes remained strong as buyers fought against rising prices only to see them go higher. So what makes prices go higher and demand to remain strong?  What causes the tight inventory? Let's go back to school.  Remember the law of Supply and Demand?