Bring on the Fall!
This week's theme is all about choice . As expected, available Piedmont properties jumped from a meager ten listings last week, to a much-improved 21 listings this week . . . Offering everything from an architecturally SIGNIFICANT and GRAND Contemporary estate with pool, tennis court and expansive grounds on Sea View Avenue, to a much smaller, but absolutely lovely home on Harvard – stellar opportunities have arrived. Whew! Nice to say "good-bye" to the August doldrums. Bring on the fall!
This week's favorites include but are not limited to: Anian Tunney’s classic and sun-filled Traditional on gorgeous Muir Avenue, Debbi DiMaggio's cool contemporary with dead-on views on Estates, Keith Tollas’ "turn-key" English Traditional in central Piedmont, Martha Holstlaw’s spectacularly renovated Craftsman on Ronada (fantastic upgrades and finishes) and last, but certainly not least, Nancy Rothman's Sea View estate listing mentioned above. (It's more than two-acres of jaw-dropping style!) Each of these fabulous properties have different architectural points of view, but all of them are well worth considering (as are many others). Need a tour of our charming town? Just give me a call.
What's Coming?
Continuing her string of Piedmont beauties, Dana Cohen is representing a wonderful 4-bdrm/4 ½ bth home on St. James with two master suites, exquisite chef’s kitchen - designed by Jarvis Architects, large family room, cozy library, all surrounded by gorgeous grounds on a corner lot. Look for this dazzler to hit the market on Sunday, September 21.
What's Pending?
We need to revisit this next week . . . Lack of listings in August has created pent-up buyer demand in September. I'm interested to see which fantastic property gets snapped up first.
What's Happening Now?
What's happening in the lending market? Should I be concerned? When is the best time to buy my new home? (You ask important questions!)
Strategically, Thanksgiving to New Year’s offers the best opportunity for saving on a purchase, but homes are not like Gap tee shirts – they are uniquely, one-of-a-kind entities (yes, I know that's redundant, but I'm trying to make a point here), which begs the question of whether you should purchase a home now or wait to see how the market responds to consumer confidence (or lack thereof?).
What if I buy now and the market continues to correct over the next few months? If interest rates trend downward after September 18 - which many forecasters predict - we'll be off to the races once again. . . Clearly, the next few weeks are gong to be extremely telling with regards to the Real Estate Market in general, but the short answer for those of you on the fence, is that it’s probably irrelevant(as long as you understand that homes are long-term investments and plan on staying in yours for five or more years).
Given this caveat,I believe you should purchase a home when you find the property that best fits your needs, your goals, and your criteria!(I speak from experience having bought three years ago very near the peak of the market. Had I waited for a downturn, I would have missed out on a very special property). At the end of the day, would you rather have a home you love or a good deal? If you’re waiting for a "Fire Sale" in Piedmont, chances are you’ll miss out on REAL opportunity NOW!
Fortunately, Piedmont enjoys a buffered marketplace to a large extent. We have a finite number of properties and highly-coveted schools. These attributes coupled with tree-lined streets, a relatively easy commute, and urban sophistication, typically ensure strong values. More importantly, our quality of life is tough to duplicate elsewhere!
What's Fun!
The Camp Augusta Gala is right around the corner and if you've ever had the opportunity to attend camp yourself - or have enthusiastically sent your cowpokes off to experience a week or two of this nostalgic and magical Piedmont tradition (or plan on sending young’uns in the future!) you’ll want to support this crucial fundraiser on Saturday evening, September 29, as it strives to update this wonderful community treasure. While the camp and its counselors are truly special, the infrastructure of the property and its buildings have seen better years (a bit like my knees).
Although this beautiful camp near Nevada City is Piedmont's own, our taxes do not contribute a single penny to its budget. This nonprofit and self-supporting enterprise depends entirely on our donations, goodwill, and intentions to keep it going for generations to enjoy and experience. Please contact Susan Royce at royceprinting@aol.com and join us for a fun-filled hoe-down as we work to improve Camp Augusta. Can't attend? Your contributions are always welcome. Please send a check to: "Camp Augusta" c/o Susan Royce, 12 Keefer Court, Piedmont, 94610 and thanks for your support! To learn more about Camp Augusta, go to: www.campaugusta.org
See you next week!