2020 was indisputably a year for the real estate history books! The onset of the global pandemic in a year of stops and starts. It led to a shift in how we conduct our personal and professional lives. The navigation through the pandemic witnessed a social and cultural movement that restructured societies, how we conduct business, adjusted to online learning and experienced a shift from large urban centers to rural small communities.
The housing market went from cold to hot as the average price of existing home rose on a U.S. average. It was not necessarily the once hot cities and urban hot spots that dominated. The resiliency of the real estate industry was one of the biggest surprises of the year. The large scale shift to working from home created a shift from homes close to work to locations that did not require commuting. Families sought out more spacious properties to achieve a better work-life balance.
The home migration created a hot market outside of the once hot urban cities and towns that were once in proximity to work and transportation.
eXp Realty is a good example. I now get up every morning go to the Elks Club at 7 AM and work out on weights one day and bike on the other. I am home to have coffee, check my emails and texts, attend conference calls to eXp World, our private web service, read the newspaper all without changing from my workout outfit. Sometimes I work on offers, contact sellers and buyers while I review the paper and my popular news websites. Oh yes, how is EXPI doing? Up again! It pays to be a shareholder in the broker I have my license with.
Then it is into the shower, shave, brush my teeth take my meds and back to the desk. Of course once I pass the 1 pm timeline a quick bowl of yogurt and coffee. eXp has offered so much to adapt to the new way of living and working with their private website and service. A Zoom call from our regional people to give the current update on our current market. A great time to get an overview of where people are moving to and get an insight to helping buyers looking for affordability and the new life style.
As an example the knowledge of the movement of buyers out of the Bay Area is not a new issue that the media has discovered. It has been going on since the pandemic started in January 2020 when the first Tech company said "work from home"! Whether it is the conservative leaving liberal Facebook, or the founders of Silicon Valley moving their headquarters from Redwood City, Palo Alto or elsewhere in the Bay Area. With the regional movement rents are plummeting and the crisis could get worse say Gabrielle Cannon of Yahoo News.
Texas and Mississippi lift ALL their COVID restrictions: Both states to end their mask mandates and allow businesses to fully reopen
With this happening how will the markets adjust? Will California ever get off the restrictions as other states reopen, or will this just accelerate the movement to an open society out of California.
Talking about an Open Society, I have been showing properties in Granite Bay and Loomis to Bay Area Buyers. The gyms have opened and have been open while we have been shut down.
Here are some of the opportunities in Loomis and Granite Bay, just 2 hours away.
GRANITE BAY:
9049 STOCKHORSE LANE
"Majestic Estate in the heart of Granite Bay inside it's own private gate on 2.4 Acres. This Entertainer's dream is over 6,500 Sq.Ft that includes the house and the guest house. It has 5 car garages/ 2 RV parking garages 32' wide by 50' deep, two Boat parking garages. The main house is 5,302 Sq.Ft that has at the main floor a remodeled master suite, 3 Kids Bedrooms and In-law suite that has a family room and a separate Kitchen. on the second floor entertainment room with pool table and movie theater. The Gourmet kitchen is on the main floor and it has top of the line appliances. So many features in this house including sunroom, Wine cellar, Pool, Spa, outdoor kitchen/bbq with large bar seating, Basketball court, Soccer field, Kids Playground and owned 20KW Solar System. The separate guest house is 1,200 Sq.Ft of living space with 2 offices,bedroom, full bathroom, family room with bar and GYM. No HOA.walking distance to Award winning Granite Bay school. 5 minutes drive to the lake." SOLD $2,595,000
5900 OAK CREEK PLACE
"Luxury and Serenity describes this one of a kind Mediterranean style villa on 3.5 ac in the heart of Granite Bay. Features 7,463 sqft, 6 bdrm-suites, 8 bth, a Chef's kitchen with cathedral ceilings, big prep-island, breakfast nook, premium appliances. Most rooms with large windows, high ceilings, and Tuscan-milled wood finishes. Hallways have arched ceilings and doorways. Private office with wall credenza, barrel ceiling. Underground wine cellar with arched ceiling. All bdrm windows with a unique view of gardens and lush grounds. The pool has a spa, outdoor kitchen, and fireplace. Four car garage with wall storage and outside parking. Landscaping with a tranquil flow, moving water, pretty flowers, imported trees, and secluded areas to step away. The large grass area is perfect for family gatherings or as a horse pasture. Upscale, Exceptional, Private. Folsom Lake and Granite Bay Golf Club close by. Adjacent 2.4-acre property may be sold. Call for details. Some images virtually staged." SOLD $2,525,000
6005 VIA ALICANTE
"Welcome to the palace, the crown jewel of granite bay.Located behind it's own private gate inside prestigious Los Lagos Gated community, Over 9000 Sq.Ft Estate with Custom touches throughout the house, natural stones, cathedral ceilings, crystal chandeliers, formal living , formal dining room, high ceiling, spacious great room with wet bar, gourmet chef kitchen, top of the line appliances and large island and luxurious custom paint and blinds throughout the house. 6 bedroom 8 baths including 2 master suites, secondary in-law kitchen with top of the line appliances and custom granite counter tops and separate secondary family room downstairs. Entertainers dream backyard with multiple sitting areas, Pool & spa two built in BBQ, outside kitchen, pizza oven, firepit, playground, and so much more. Enjoy Los Lagos tennis courts and walking trails to Folsom lake from inside gated Los Lagos." SOLD $2,500,000 |
LOOMIS:
6265 INDIAN SPRINGS ROAD
"Paradise awaits outside this fabulous estate on over 9.5 acres in a great central Loomis location. This resort like property includes a pool with waterfall, large covered outdoor kitchen and fireplace, over 2000sf custom putting green with sand traps, basketball court, sand play ground and in-ground trampoline. Multiple year round ponds with a large stocked fishing pond and dock. Vineyard including Cabernet and Merlot vines. Large shop with pull through RV storage and hookups. The main floor of this almost 6000sf home lives like a single story, featuring 5 bedrooms, 4 baths, sauna, exercise room/home office. The lower level of the home has a large bonus room with separate in-law quarters with its own private entrance. This stunning estate is an entertainers dream. Established short term rental with great cash flow. Contact agent for profit spreadsheet." SOLD $2,185,000
4233 FAIRWAY VIEW DRIVE
"If you're looking for a large custom home on acreage in a private gated community without a
$2M+ price tag; HERE IT IS! Nestled inside a small gated community, this 5 bedroom, 4.5 bath, nearly 6,000 sq. ft. home is loaded with amenities of the finest custom homes but priced significantly below them. Huge gourmet kitchen with furniture style cabinets, high-end appliances & tons of counter space. Home office has a built-in 300 gallon saltwater aquarium. Game room with wet bar, mini fridge & d/w drawer. Home theatre with seating for 7. Downstairs bed & bath. Heated pool & spa with waterfall, koi pond, fire pit. 2,100 sq. ft. finished garage can hold up to 7 cars. Add some lifts and store up to 6 more. The 6+ acre lot with year round creek allows plenty of room for your animals, an additional garage or even in-law quarters. All of this in the rural community of Loomis with its renowned schools of H. Clarke Powers and Del Oro HS, yet minutes to shopping, restaurants & theatre." SOLD $1,700,000
AND FOR THOSE LOOKING FOR WOODSIDE AT ONE TENTH THE PRICE!
4264 LAIRD ROAD
"Amazing home in the heart of Loomis! Enjoy country living yet still have the conveniences of being close to town. This property boasts 4.7 useable acres, 25x40 metal shed/shop, pond, white country fencing, and priceless views!! The home offers 4 bedrooms, 2.5 bathrooms! Formal living and dining with separate family room make this floorplan perfect for all buyers! Open kitchen offers abundant storage, granite counters, and an eat in breakfast nook. Master suite upstairs with dual closets and walk in shower. Fantastic outdoor living with mature landscape, spacious pastures perfect for animals, and plenty of space for a garden! This property provides endless opportunity! Located in the very desirable Loomis Unified School District! Truly the perfect place to call home!!" SOLD $880,000! NO NOT $ 8 MILLION!
On my recent Zoom area meeting I heard agents complain that they are being out bid by Bay Area Buyers and the market there is up 11% for 2020. Listed $650,000..sold $690,000 cash! Geez, that is +30 years ago in the Bay Area.
PICK UP THE PHONE AND GIVE ME A CALL AND WE CAN MAKE A TOUR! 650-743-7249, gary@mckaeproperties.com
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