JANUARY 2021

Real Estate & Local Newsletter

WHAT'S IN THIS ISSUE General News Announcements Market Report Featured Listings Restaurants SF History

GENERAL NEWS REAL ESTATE NEWS IN SAN FRANCISCO 2021 SF Real Estate Market Forecast The San Francisco Real Estate market is expected to boom this year with record-low mortgage rates and a sudden wave of relocations made possible by remote work. Meanwhile, home prices have pushed new boundaries as buyer demand continues to upsurge. High buyer demand and low inventory will keep prices growing, but at a slower pace compared last year.  Homesellers will continue to utilize technology even more to engage buyers. Supply and demand factors will push prices even higher in the first half of the year. Inventory and pricing should ease a bit in the second half. Buyers should be careful and sellers exuberant. To stay up-to-date, visit www.minchenteam.com

ANNOUNCEMENTS WHAT'S NEW WITH THE MINCHEN TEAM?

2020 BAY AREA HOME SALES PERCENTAGE MARKET SHARE BY BROKER

2020 transaction-side residential sales reported to MLS through 10/31/20, per Broker Metrics. Percentages based on top 300 ranked brokerages. The analysis is made in good faith but may contain errors and subject to revision.

FEATURED LISTINGS MINCHEN TEAM RECENTLY SOLD LISTINGS

5 Green Valley Ct, Danville 4 beds 3 baths 2,265 sqft Most desirable location with serene setting tucked away at the end of a quiet court this thoughtfully expanded & beautifully renovated home offers it all! Idyllic location, walking distance to all three levels of award winning schools, this Four Bedroom, Three Bathroom spacious home boasts Two Master Suites, cheerful & bright living areas, gleaming hardwoods, plantation shutters, Chef's kitchen, slab granite, stainless steel appliances, custom cabinetry. Private upstairs Master Suite features luxurious spa-like bathroom, jetted tub, walk-in shower, fireplace, vaulted ceilings, large closet & home office nook. Downstairs Master Suite + two additional bedrooms with hall bathroom all generously sized. Huge backyard oasis on large flat lot is a recreational paradise with custom sparkling pool & spa, outdoor kitchen, recent custom patio, lush landscaping, side yard with gated entry, room for ADU or additional Airstream/Boat parking & owned pool solar.

545 Silverlake Drive, Danville 4 beds 2 baths 1,550 sqft The Minchen Team sold our clients' house & successfully found them an off market property in a gated golf course community. Within 24 hours our clients were able to swoop up this fantastic property & call it home!

HOTTEST RESTAURANTS NOTEWORTHY RESTAURANTS IN THE BAY AREA

Basa Seafood Express Basa Seafood Express is a small yet well-stocked fishmonger, offering oysters and sushi-grade salmon, tuna and the like. They also serve fried dishes such as soft-shell crab sandwich served with a side order of fries. Photo by weheartit.com Rooster & Rice The mini Bay Area chain serves delicious Khao Mun Gai. Poached, organic chicken over fragrant chicken rice, garnished with cucumber and cilantro. Served with a fresh chili, ginger, garlic and soybean sauce and a side of chicken broth. Yum! Photo by roosterandrice.com

SF HISTORY A BITE-SIZE HISTORY OF SAN FRANCISCO

Silicon Valley The San Francisco Bay Area has the largest concentration of high-tech companies in the US. Silicon Valley serves as a global center for high technology and innovation. The word "silicon" in the name originally referred to the large number of innovators and manufacturers in the region specializing in silicon-based transistors and integrated circuit chips. Oracle were all founded in the area In the 1980s, Silicon Valley became the widely accepted center of the computer industry. The area is now home to many of the world's largest high-tech corporations, including the headquarters of more than 30 businesses in the Fortune 1000.

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