A Millennial’s Guide to Homeownership

Open the PDF version here: MillennialeGuide

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Centrally located between Salinas, Hollister, and Gilroy | 1104 Third Street | San Juan Bautista

Newer two-story home built in 2007 in San Juan Bautista close to historical downtown just came on the market. The three bedrooms and two and half bathrooms home has an open floor plan with living and kitchen areas ideal for entertaining. A large walk-in closet for the master bedroom with space for sitting area.  The master bathroom has dual sinks with a separate shower/tub combo and shower stall.  The front bedrooms have a Jack and Jill dual sinks bathroom with a shower and tub combo.  Large upstairs hall closet for storage.

Lots of natural sunlight from double pane windows that allow the afternoon breeze to cool down the home. An indoor laundry area and walk-in pantry near the kitchen.  Extra storage in the garage.

The manageable back yard has a patio to enjoy the sunset light.

Asking price $495,000

For a private viewing please contact listing agent Kristen Jurevich with Intero Real Estate Services

La Vid Sonoma

A luxury collection from Intero Real Estate Services of the finest and most exclusive homes. Here at Intero, we’re always working to stay ahead of the curve and offer the best service possible to today’s homeowners. The Prestigio International system provides an elevated level of service through its elite selection of marketing tools set up to expose your home to relevant markets locally, nationally and globally. From the sign that goes in front of the house, to the online advertising of your home, you can be assured, Intero Prestigio International will showcase the best attributes your home has to offer to get it sold quickly and efficiently.

Issue #16 of Prestigio International magazine is OUT!  With more than 70 pages of luxury homes to enjoy, this is our biggest issue yet!

Ask Bay Area real estate agent Kristen Jurevich how you can own one of Intero’s properties or how Kristen can help sell your home.

Have you made Valentine’s Day reservations?

Valentine’s Day is right around the corner. Have you made reservations, ordered flowers, or thought about a romantic time? Here are some things you can do in Hollister on Saturday, February 14th because you have ALL day to share with the one you love.

  1. Does your significant lover like outdoor activites? Ride motocross or camp at Hollister Hills SVRA.
  2. Search for San Benito’s Benitoite or hike to the lake through the caves at the Pinnacles National Park
  3. Take your street bike down Highway 25 to Panoche and enjoy Willow Springs. Did you know you can buy about 40 acres of beautiful land to hunt or star-gaze for $52,000? Ask Hollister real estate agent Kristen for details.
  4. Enjoy a three course meal by Chef Mark Johnson at The Grove
  5. Surprise your lady with a photo session with a fantastic Hollister photographer like Erin Balbas. Maybe in a gift certificate will be the perfect gift for another date?
  6. Love chocolate? Go on a choclate factory tour at one of these great places Marich or DeBritos or even stop by the show room to pick out your favorites.
  7. Pietra Santa, DeRose Vineyards, Leal Vineyards, Guerra Vineyards & Groves, Calera Wine Company, and more off Cienage Road in Hollister will rosey those cheeks in the afternoon.
  8. Send your date on a thrill ride by Skydiving Hollister. Just make sure they consent on their own…
  9. Take it easy on the green by golfing at Ridgemark Golf & Country Club or San Juan Oaks
  10. Of course you can also fall in love with real estate in Hollister.  Make an appointment to get pre-approved with Kristen’s trusted mortgage lenders.  Wouldn’t it be nice to have a bubble bath in your new home?

If you have more things to do in Hollister, please share below. I encourage Hollister residents to explore the lovely hometown and support our “mom and pop” businesses.  You can always stroll Downtown Hollister to shop at the boutiques, get a couples massage, or sample some craft beers. Hollister and San Benito County has a lot to offer all, but you have to know where to look.  Try something new, you never know what you may discover.

The Great American Divide

By Alain Pinel
General Manager of Intero Prestigio international
Intero Real Estate Services, Inc.

We are alright, I swear. Don’t let the title scare you. I don’t mean to suggest that something earthshaking happened such that life will never be the same. In fact, I am not even going to tell you something you don’t know, although we surely don’t spend enough time thinking about it or figuring what the consequences might be going forward.

What I am referring to is the huge price gap that exists in the US residential real estate landscape in between regions. If you were to color-mark a map of the country according to real estate values, you probably would only need two markers to identify two very distinct real estate markets: one color for the 2 coasts, and the other color for almost everything in between.

What I mean is that the vast majority of the multi-million dollar homes and residential lots are today concentrated along the West Coast and the East Coast. The phenomenon is not new, but it is growing. Case in point: the 10 most expensive zip codes are all on the coast. Two States seem to “own” the high-end of the high-end: California and New York. The other coastal states are not too far behind.

Same picture when you stretch the list to the top 20 or even 50 priciest areas. Sure a few exceptions would surface, such as resort towns in Colorado or a few select neighborhoods in large cities, but the lion-share of the trophy homes are located in those towns whose names are now familiar: Atherton, Sagaponack, Alpine, Hillsborough, Beverly Hills, a handful of New York zips, Montecito, Water Mill, Malibu, Rolling Hills, Rancho Santa Fe, etc.

In those regions, the real estate market goes up and down just like everywhere else, but, when it takes a hit and prices go down, it does not last as long as most other regions; and when it goes up, prices soar a lot quicker. There are many reasons for the above. Some are “old” and some are new.

Obviously the weight of production & manufacturing in our economy has been (and is) shrinking year after year, while new industries and services are flourishing. Some regions and States, suffering from what we may call economic obsolescence, are able to reinvent themselves, find a new “specialty,” effect a reconversion of sort and successfully use marketing to bring home people and money.

Others have a hard time finding their economic eureka and the cycle of unemployment/low-wage jobs/underwater homeowners and distressed sales, is a tough one to stop or even slow. If, as it is the case in many countries, the power in place could distribute the marbles somewhat equitably between regions to keep some from bleeding, it would be one thing, but under the rules of federalism, it’s every State for itself.

Of course a lot of homeowners and aspiring buyers in areas where prices are low see this as a blessing. It absolutely is. Many of the most beautiful towns & villages are very affordable. All good when these real estate markets are healthy and even vibrant, but watch out if & when the trend goes the other way, causing equities to dwindle due to a lack of interested and qualified buyers. Urban areas looking for revival are particularly affected by the supply & demand dichotomy.

Money attracts money. Money attracts people and businesses. The “Tale of Two Cities” syndrome is a long story getting longer. Today, whether we like it or not, most leading corporations are somewhere on the coast. Most leading innovative industries are making roots on the coast. Most high-paid jobs are concentrated there. Most leading universities are there as well, close to economic hubs. The bridge education/jobs has never been so short.

Another factor which has a considerable impact on the regionalization of high-priced homes is the consequence of the growing demand for US real estate from foreign nationals. More and more foreigners, investors or simple home-buyers coming from China, India, the Middle-East, Europe… are grabbing the most desirable real estate they can find here, to protect their money. They want the easy commuting access the two coasts offer.

At this point, global demand for multi-million dollar homes represents roughly half the sales. No reason to believe that this will slow down. Quite the opposite. Last year, prices in the Silicon Valley jumped over 20%, “thanks” in part to those cash buyers coming from afar. New York was a lot slower for a change, but prices still managed to grind another 5% or so.

Is that spiral likely to last? Probably so. After all, our prices, however extravagant they may seem, are still low compared to international standards!

 View the Luxury Portfolio Collection here: https://www.facebook.com/HollisterRealtor/posts/652005284842636&#8243