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Greetings! we hope you enjoy this month’s Real Estate & local update. Featuring important news articles, Bay Area market reports, and featured listings! Scroll down to find out what else is new.

Bay Area dominates Time's 100 top firms

Silicon Valley is still home to more startups than almost any other city in the world. It is also home to the world's largest technology companies — Google, Apple, and Facebook. Reports of the Bay Area’s tech company exodus may have been exaggerated. Silicon Valley remains home to some of the most powerful companies in the country. Time magazine’s new list of the 100 most influential companies in the world is any indication of Silicon Valley’s global standing. The list is dominated by the Bay Area. Out of the 100 companies listed, 23 are in the Bay Area.

New Proposal Takes Aim at Real Estate Tax Loophole

The tax treatment lets home sellers defer capital gains by reinvesting sales proceeds in a home other than their primary residence. President Biden's new economic plan would eliminate a tax break for many real estate owners that have enabled them to defer paying capital gains on property sales. The 1031 tax treatment encourages businesses to expand, creating jobs and pumping more money into the economy, especially during times of lower overall economic activity, such as recessions.

Compass has been synonymous with luxury, high-end realty so it's no surprise we are San Francisco's top real estate brokers. With a wide variety of newly acquired agencies, Compass has access to myriad neighborhood markets, properties, and contacts to help put you into your dream home or make a profit on your current abode.

FEATURED LISTINGS

COMING SOON

390 Cordelia Way, Walnut Creek

4 beds 2 baths 1,809 sqft

Totally renovated this spectacular 4 Bedrooms; 2 Bathrooms & 2 Car Garage home perfectly positioned on a large corner landscaped lot offers it all! 😍🏠

For a private showing, please click here.

SOLD!

641 Sandalwood Dr, Livermore

New Construction

Our Lucky BUYER was able to swoop up this new construction right before the neighborhood SOLD out! LUCKY BUYER = HAPPY BUYER! 😎🏠🍀

SOLD!

334 Holladay Ave, San Francisco

3 beds 2 baths 1,437 sqft

Our lucky Buyers were able to swoop this awesome house up before it hit the market! The benefit of working with the Minchen Team! 😎🏠 HAPPY BUYERS + HAPPY SELLERS = HAPPY AGENTS!

KELLY'S KORNER

ASK KELLY QUESTIONS!

Q: Hi Kelly! I'm thinking of repainting my room. I love the Golden Gate Bridge's color. I wonder what's it called and how I can achieve that?

A: Hello there! Thank you for your question! San Francisco's Golden Gate Bridge’s magnificent color is called International Orange. If you want to replicate this color at home, give these ratios to your local paint store and see if it matches: Cyan: 0%, Magenta: 69%, Yellow: 100%, and Black: 6%. Start with a quart, not a gallon, of course.

I love answering your questions & talking about all things real estate! Click here to submit your questions! Answers will be posted in the next issue of our newsletter. #AskKellyQuestions

HOTTEST RESTAURANTS

NOTEWORTHY RESTAURANTS IN THE BAY AREA

Bouchon restaurant

Yountville, CA

One of our personal favorites, Bouchon is a French-style restaurant founded in 1998. They serve French bistro-style food customarily found in Europe. The food served has been described as informal with minimalist elements.

The University Club of San Francisco

800 Powell St, SF

Founded in 1890 by the alumni of multiple universities, in an elegant historic clubhouse atop Nob Hill, with a diverse membership dedicated to fellowship and community service, the University Club of San Francisco is a venue for the City’s cultural and intellectual life and a worldwide center for the sport of squash.