January 8, 2012

What will be hot for 2012?

What are the hottest neighborhoods for 2012? (aside from all of them)

What will be the hottest architecture trends for 2012 in the Bay Area?

Aside from adding the word “Facebook” to every listing, what else will be hot for listings for this year?

What will the median price per square foot in Palo Alto for houses on Redfin be by the end of the year?

Discuss!

Comments (16) -- Posted by: burbed @ 5:48 am

16 Responses to “What will be hot for 2012?”

  1. PKamp3 Says:

    1) East Bay. The entire area.
    2) Corinthian and Ionic columns, at the expense of Doric. Doric columns will only be “starter-rich” in 2012.
    3) I predict a new trend of “Check County Records. Permits Unknown.” showing up everywhere. Prices have declined closer to the point where some Prop 13’d houses are closer to their true market value… and may get sold. What better way to keep your assessment than hide all of your improvements?
    4) Median, huh? $1,000, as places in Palo Alto which sell for less will start to be defined out of Palo Alto. I also predict the rise of the term ‘RPA’, or Real Palo Alto.

  2. SEA Says:

    Where are they now? Sure the structures are still there, but what about the former owners?

    2162 Ralmar Ave

    First featured on burbed in early 2006, or about 6 years ago. Purchased in 2002 for $248k, sold for $565k, after being featured by burbed.

    “Apr 03, 2006 Sold (Public Records) $565,000 26.5%/yr Public Records
    Oct 01, 2002 Sold (Public Records) $248,000 -21.0%/yr Public Records
    Dec 28, 2000 Sold (Public Records) $375,000 154.0%/yr Public Records”

    How well did the 2006 owner make out?

    “Oct 09, 2007 Foreclosure $450,000 — Public Records”

    Purchased in April 2006 for $565k and foreclosed in October 2007 for $450k?

    Now you might be thinking that’s pretty poor performance. Normally you’d be right, but in this case that $450k is way too high.

    “Jan 05, 2009 Sold (Public Records) $195,000 -32.0%/yr Public Records
    Jan 05, 2009 Sold (MLS) (Sold) $195,000 — Inactive MLSListings #80837161″

    Ouch.

    Yup, that’s right, from a $450k foreclosure to a sale of $195k in a couple of years. I wonder where the 2006 buyer is today.

    More recently the property was exchanged for $240k.

    Who thought it was a good idea to spend $565k on this place, and did that 2006 buyer realize any pride of ownership?

  3. SEA Says:

    “What will the median price per square foot in Palo Alto for houses on Redfin be by the end of the year?”

    Hopefully there will actually be some “buyable” inventory.

  4. sprezzatura Says:

    “Easy Facebook commute” will be the 2012 version of “easy Google commute”, no doubt.

    My call: $985 per sq foot for Real Palo Alto.

  5. Alex Says:

    2012 will be freaking hot! Global warming, b*tchez.

    Al “Big Ass Carbon Footprint” Gore 2012, b*tchez.

  6. Mole Man Says:

    1. foreclosure
    2. ???
    3. renting

  7. madhaus Says:

    Mole Man, you left out step 4. Profit!!!!!

    SEA, $450K isn’t too much. It’s too little. That 2006 buyer should have maxed out with a 120% LTV or something.

    PKamp3, RPA is in the RRBA. But I like your thinking on everyone claiming ignorance of their own remodeling.

  8. SEA Says:

    “$450K isn’t too much. It’s too little.” Of course it’s too little: $450k is only for the first mortgage.

  9. dollarbin Says:

    @ sprezzatura:

    > “Easy Facebook commute” will be the 2012 version of
    > “easy Google commute”, no doubt.

    Good call. Just as “easy Google commute” touts properties in Mountain View’s toxic waste paradises North Shoreline and Whisman, “easy Facebook commute” will be as common as metal security bars in the windows on real estate listings in East Palo Alto.

  10. PKamp3 Says:

    Madhaus – good! So it’s already trademarked, and we just have to ensure that everyone hears it so much that they can’t help but draw RPA boundary maps! Of course, there will be some argument, but I don’t think anyone will draw the northern border past the 101… unless they are trying to fold IKEA in.

  11. sonarrat Says:

    I have already seen “close to Facebook” in listings around Terminal Ave in MP. The area also has the benefit of being in the city limits of Menlo Park.. EPA doesn’t have a wealthier brother to take care of it, and North Fair Oaks only has the county to answer to.

  12. SEA Says:

    “we just have to ensure that everyone hears it so much that they can’t help but draw RPA boundary maps!”

    Remember: RPA has RPL.

  13. Sunny(vale) Kim Says:

    What are the hottest neighborhoods for 2012? (aside from all of them)
    It’s not East Palo Alto. It’s not Menlo Park. It’s Newark. The price has fallen enough since the largest employer Sun Microsystem left town. Now this city is biking distance from Facebook office. At least you don’t have to get shot while biking to/from work. Talk about Facebook effect.

    What will be the hottest architecture trends for 2012 in the Bay Area?
    Architecture and RBA do not mix together. Why do you need architecture when you will be “living” in office for 20 hours? Just buy a crapbox – and occasionally change blubs and use Drano.

    Aside from adding the word “Facebook” to every listing, what else will be hot for listings for this year?
    “NEW PRICING”. This is already started in 2011. It will be more in 2012. “Price reduction” is embarrassing and insulting to other homeowners in neighborhood. “New price” sounds lot better.

    What will the median price per square foot in Palo Alto for houses on Redfin be by the end of the year?
    Depends on wrong and right side of Middlefield.

  14. nomadic Says:

    #13, are bikes allowed on the Dumbarton Bridge?

  15. SEA Says:

    “The Dumbarton now provides three lanes in each direction, separated by a concrete barrier, as well as a bicycle/pedestrian path.”

    http://bata.mtc.ca.gov/bridges/dumbarton.htm

  16. SEA Says:

    FAQ: “11. Which toll bridges can I ride my bike across?
    Currently, bicyclists can ride across the Antioch, Benicia-Martinez, Carquinez, Dumbarton, and the Golden Gate bridges – toll-free – subject to posted regulations. A pedestrian/bicycle path is also planned for the new eastern span of the San Francisco-Oakland Bay Bridge (Oakland to Treasure Island).”


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