Volume XII, Number 2 Summer 2004 Part 2 of An interesting look at homes that have sold more than once The last issue of this newsletter generated some interesting comments and questions regarding its subject, and most of them centered on the rhetorical question, “Will these past increases in home valuation continue at those rates?” “How can those increases in the price of homes continue?” And most of my new home buyer clients, echo the same sentiments – “But that can’t continue, can it?” It goes without saying that no one can predict the future in home prices or anything else, but I think these past 10 years of sales data, coupled with the prior 40 odd years of Eichler sales in our area can provide some reasonable views or projections into the future. As I often tell my home buying clients ,”— if you were to ask virtually all of the Eichler owners who bought their homes – whenever they did – did you think it would be worth that much today?” They would overwhelmingly say , “No – no way – but thank goodness!” Folks that bought their homes in the late 50’s for $20,000+ couldn’t believe it when they sold in the late 60’s for almost $40 thousand, and those folks that purchased at that time for $40K, when they sold in the late 70’s for values in excess of $100K couldn’t believe it either. Will that […]
6003 Bollinger Road — $788,000. Listed 4/17/08 (Michael Salmiery of Barton Real Estate represents the Seller) – 4 bedrooms, 2 bathrooms– 1432sf living space on a 6000sf lot– Home in "original, original" condition, with new roof in 2007, corner lot. Mark's Preview Notes: This home offers a nice entry point into Cupertino schools at an attractive price. However, this home needs a lot of work. First off, it seems to be a T-section lot, which means there is a street pointing directly into the garage, so this needs a “feng shui” fix. In addition, many of the original components need to be remodeled (kitchen, bathrooms, floors, etc) so you should prepare for some good projects to keep you busy.