Kitchens

Mouth-Watering Outdoor Kitchens (And Surprise! Their ROI Is Great)

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What they typically cost, and tips for getting the most return on your investment.

Building an outdoor kitchen is more than an indulgence: These backyard beauties can improve your home’s value. Outdoor kitchens typically get a 71% return on investment, according to the “Remodeling Impact Report” from the National Association of REALTORS® — and that’s on top of your own outdoor-cooking joy.

The investment can be a little — or a lot. These five outdoor kitchen ideas fit a range of budgets and homes.

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#1 A Tiny Outdoor Kitchen for Limited Spaces

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If you boil down an outdoor kitchen to the basics, what more do you need than a grill, a little oven, cupboard space, and a cozy place to sit? This setup does it all efficiently, for as little as a few hundred dollars if you already have outdoor electricity. An electrician will add to the cost.

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#2 An Outdoor Kitchen From a Kit

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Modular kits, like this one from WWOO (starting around $1,500), can be customized to suit your backyard. Some companies even offer design help for additional cost.

The galley-inspired layout here also does double duty by adding privacy. (Keep in mind the cool outdoor sink requires additional plumbing, which will increase the cost.)

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#3 An Outdoor Kitchen Made of Concrete & Steel

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DIY-savvy homeowners used concrete and cement board to create this L-shaped outdoor kitchen that mimics today’s indoor layouts. Guests relax at the counter while the host flips burgers — it’s open-concept living in the great wide-open.

No, this isn’t DIY 101, but if you’ve got the skill set you can do it for the cost of materials — and concrete is cheap. If you hire a pro, though, the typical cost is about $14,000 for a kitchen that includes an inset grill, steel drawers, ice chest, sink, and concrete countertop, according to the “Remodeling Impact Report.”

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#4 An Outdoor Kitchen With Personal Style

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Your outdoor kitchen doesn’t have to look like everyone else’s. But it should match your home’s style if you want to get a return on your investment. This DIY kitchen fits the home’s rustic style and comes with enough storage any indoor cook would envy.

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#5 An Outdoor Kitchen That Says “Sit a Spell”

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Your outdoor kitchen can play the same role in your yard that your kitchen inside does: as the heartbeat of every gathering where guests will want to stay awhile. And bonus: The added deck and pergola could also kick up your home value a couple of notches.

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Author: Jamie Wiebe
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Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.
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deck

5 Deck Makeover Projects That Cost Less Than a Fancy Dinner Out

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Want to upgrade your deck but watching your budget? Here are 5 easy deck makeover ideas, many well under $300.

If you’d rather hide inside rather than hang out on your tired-looking deck, you need a deck makeover.

Here are five ways to transform your deck back to its fun self.

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#1 Install a Stone Landing at the Foot of Your Deck Stairs

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Dress up the transition from your deck to your yard with a little hardscaping — a stone landing at the bottom of your deck stairs. Stones are a natural compliment to wood decks, and they’ll help prevent mud from forming where there’s heavy foot traffic.

Cost: Flagstone is priced by the pound; you’ll spend $60-$100 for enough stone for a 3-foot-by-4-foot landing.

How-to: Techniques for installing a landing are the same as putting in a patio , although you’ll have to temporarily support your existing stairway while you work around — and under — it.

What else: You should be able to add a landing in less than a day. It’ll get done faster if you hire a pro, but it’ll cost you another $150-$200 in labor.

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#2 Put Up a Privacy Screen

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Whether you’re relaxing alone au naturel or entertaining friends, a little home privacy is always welcome. You can add some vertical supports and fill in a variety of cool screening materials that are as nice for your neighbors to look at as they are for you.

Types and costs:

    • Bamboo fencing comes in a 6-foot-by-16-foot roll for $20-$25.
    • Lattice panels are either wood or plastic, $15-$30 for a 4-foot-by-8-foot panel.
    • Grow climbing plants on a trellis ($20-$100) to create a living privacy screen. Plant climbing vines in tall containers ($40-$120) to raise them above the deck surface and give them a head start filling in your screen.
    • Outdoor fabric resists moisture and fading; $12-$120 per yard. You’ll pay another $20 to have a seamstress cut and hem a 3-foot-by-5-foot panel.

How-to: Your privacy screen should integrate with your deck; make the framework using the same basic materials as your deck railing and structure.

Add some flash by building a frame with 2-by-2- or 2-by-4-inch uprights spaced 1 foot apart, then weaving aluminum flashing between the uprights.

What else: Make sure to position your privacy screen where you’ll get maximum benefit. Sit on your deck and check your lines of sight.

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#3 Add Solar Lighting

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Add lighting to your deck if you’re wanting your deck to come alive after dark. Try solar lights: you don’t need an on/off switch — they light up when it gets dark, then fade away 4-6 hours later.

You won’t have to plug them in or wire anything, either. Their solar-charged batteries are renewed every day, and the lights are built to withstand all kinds of weather.

Types and cost:

    • Paper lanterns (made from synthetic, weatherproof nylon; $20-$30) are made for hanging and come in all sorts of fun shapes, sizes, and colors.
    • Carriage lights can be fixed on top of a pillar or railing newel post. $45-$150.
    • Solar illuminated replicas of old-fashioned mason jars can be set on any flat surface, about $35.
    • Rope lights have small LED bulbs inside a flexible cord. A 25-foot-long rope with solar charger and stand is $25.

What else: Suspend lanterns from overhead trellises, railings, and nearby trees, where they’ll shed a soft, colorful glow. Wind rope lights around rafters and railings.

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#4 Paint a Faux Floor Rug on Your Decking 

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Punch up a boring old deck with a faux rug. This is a fairly low-cost project with a big wow factor, and one you can share making with your (well-behaved) kids. It works best on a newly cleaned deck (see below).

Cost: Most of your cost will be deck stain or paint in various colors. Because you won’t be using that much stain per color, you can buy quarts. Figure $15-$20 per quart.

How-to: Figure out a size, sketch out the design on your decking, and then all you have to do is paint or stain between the lines. You can use painter’s tape as a guide, but a little leakage is likely on a wood decking surface.

What else: Keep a few basic cleaning supplies on hand for any drips or spills. After the stain is dry, coat the entire deck with a clear deck sealer.

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#5 Wash and Refinish Your Wood Decking

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The ultimate deck makeover is none other than a good cleaning. Applying a coat of deck sealant afterward ensures your wood decking looks great and will last for decades.

Cost: There are many brands of deck cleaning and brightening solutions. Some require the deck to be wet; others need the decking to be dry. Some are harmful to plants and you’ll have to use plastic sheeting to protect your landscaping. Consult the instructions carefully. 

You’ll pay $15-$25 per gallon, enough to clean 300 sq. ft. of decking.

How-to: Scrubbing with a good cleaning solution and rinsing with a garden hose is more foolproof than scouring your decking with a power washer that may damage the surface of the wood. 

What else: After you deck is cleaned, apply a coat of deck stain or clear finish. The sealer wards off dirt, wear, and UV rays, and helps prevent deck splinters. A gallon covers 250-350 sq. ft., $20-$35/gallon

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Author: John Riha
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Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.
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NewsletterReport_BlogHeader_MAY

May 2021 Market Report

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May 2021 Market Report

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Demand for Housing & Population Changes: The Affects on San Mateo County

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As we enter the second quarter of 2021, a new horizon is apparent in the US. Vaccination levels are rising everyday, borders are beginning to open, and the demand for houses continues to rise. Bay Area population trends have an impact on real estate metrics and have been a hot topic. My team and I compiled the data below to keep informed.

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San Mateo County Market Report for May 2021

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Courtesy of the Dinsmore Group and Compass,
this report
will look at trends from a variety of angles:

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  • Year-to-Date, Year-over-Year Changes: A Summary of Data
  • 1-Year Population Changes in the Bay Area
  • Median Sales Price Trends Since 2012
  • San Mateo Home Value Appreciation
  • Year of the Pandemic: Sale Volume
  • Additional resources
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Industry News to Keep you in the Know

CNBC: Homebuilder confidence rises in April despite record high lumber prices
WSJ: U.S. Housing Market Is Nearly 4 Million Homes Short of Buyer Demand
NYT: Reverse Migration: Moving to Cities While Others Flee

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STILL HAVE QUESTIONS? WE HAVE ANSWERS
We welcome you to contact us today.
CarolineDinsmore.com | phone: 650.773.2226

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The Dinsmore Group is busier than ever:

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Caroline Dinsmore sold $93M in 12 months!

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Explore some of our current transactions here.

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Relocating

Relocating? Ask Yourself the Following Questions First:

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Finding the Perfect Place:
35 Questions to Ask

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As market data continues to astound, many have moving on their mind. Are you dreaming of finding that PERFECT place?

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Charts like the one we’ve featured above inspire many people to consider buying or selling, to find that perfect place to call home. But what is “perfect”? Where you live should work for your needs, likes, wants, and specific individual circumstances. To guide clients to an answer, here is a checklist of 35 questions I have used in the past:

1. Where can you work and get a well-paying job that supports you and your family if you have one? Will you be able to build the career of your dreams (not other’s expectations, YOURS)? Will you be working?
2. What educational institution/s do you or don’t you need close by?
3. What weather do you enjoy most?
4. What cultural aspects are important to you? What is the variety and type of cultural institutions? Opera, symphony, rock concerts, art, museums, etc?
5. How suitable is the area to building a strong network of business colleagues and friends that would appeal to you most?
6. Does the area deliver the sporting activities you enjoy?
7. What is the cost of living and housing?
8. Do you like the beach, country, city, suburbs? Could you live in a place that is close to these…..30 minutes, an hour, 3 hours?
9. What is the topography? Mountains, hills, flatland?
10. DO you like trees and forests or the desert?
11. Are you a gardener? What areas are great for types of gardens you love?
12. What is the quality of healthcare? How close is a good hospital?
13. Do you like driving everywhere or walking mostly?
14. Do you rely on public transportation? Will you commute every day and how long will that take?
15. How close do you need to be (or want to be) to family and/or friends?
16. Do you need to be close to an airport with many direct flights to the places you like/want/need to visit?
17. What is the quality of air, water, environment?
18. Is there an adequate water supply year-round?
19. How exposed/prepared is the area to climate change?
20. What is the level of crime? Where is the crime concentrated?
21. How clean is the area?
22. What is the condition of local government? City? Town? State? Are all well run? Fiscally sound?
23. Is the area growing or shrinking population-wise?
24. Does the area have the kind, quality and variety of restaurants and food stores you enjoy? Food matters!
25. What kind of architecture appeals most? Modern? Historic? Both?
26. Philosophically is the population in the area more left or right leaning: does this matter to you?
27. What religious institutions are important to you?
28. What is the cost of help, services, staffing?
29. What is the history of the area, and its more recent trajectory to help you gauge its future?
30. How long do you plan to live in this area? Forever? To retire? To raise kids?
31. How good/bad is traffic? Do you care?
32. What are the noise levels?
33. Are there lots of bugs? Do bugs love you or ignore you?
34. Are some of the things you really love that are not in this area things you can travel to easily/quickly and enjoy for a few hours/days/weeks of the year and be satisfied?
35. Have you spent time in the area at different times of the year –
preferably for a more extended period – to know what life is really like, somewhat akin to a test-drive?

What is important to you is often not important to others. All of us have to compromise on SOME things. Knowing yourself, your likes and dislikes is
the key. Never choose a place for just ONE reason, unless it’s a critical aspect, eg: a sick relative or specialized school.

At the Dinsmore Group we believe that real estate is more than a
transaction, it’s about finding a true home. We hope that our article helps you to evaluate the factors that will make a house your home.

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1

Prop 19: will it affect your home buying or selling decision?

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Prop 19: How could it affect your home buying or selling decision?

 

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Prop 19 will impact many people. And if you’re buying or selling a home,
having knowledge about Prop 19 may be critical. Read on to find the information you need.

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What is Proposition 19?

“Allows homeowners who are over 55, disabled, or wildfire/disaster victims to transfer primary residence’s
tax base to replacement residence. Changes taxation
of family-property transfers. Establishes
fire protection services fund.”

Source: CA Voter Guide.

Click here for the full read/more details.

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Click here to take a look at the CALIFORNIA ASSOCIATION OF REALTORS® Quick Guide about Prop 19
for a breakdown of the changes on tax breakdown portability, the impact on intergenerational transfers to children or grandchildren, when the law goes into effect, and more!

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Compass is not authorized and will not offer tax or legal advice on this matter. For more information on how Proposition 19 impacts you individually, contact a qualified professional such as your tax preparer, Certified Public Accountant, or tax lawyer.

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The Dinsmore Group is here to give you the knowledge you need to make your decision to buy
or sell a home, no matter what stage you’re at, a huge success.
We welcome you to contact us.

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March-April 2021 Updates

March 2021 Update

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What Will the Housing Market Look Like in 2021?

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Hello Peninsula Neighbors,

March 2021 is here and you may be wondering how all the nationwide, rapid changes are affecting what is probably your most significant (and beloved) investment: your home. In this issue of our newsletter, we’ll provide you with insight into this question.

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WHAT’S IN THIS ISSUE?

  • Our featured article: What Will the Housing Market Look Like in 2021?
  • The latest buying and selling activity here in your neighborhood
  • Our Bay Area Lifestyle highlight: Let’s Celebrate Women’s History Month
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Now, as the spring market approaches, you may be wondering whether the strong housing market can continue. If you’re a homeowner, should you take advantage of this opportunity? If you’re a buyer, should you jump in and risk paying too much? Let the Dinsmore Group help answer some of your most pressing questions:

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While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last?

When COVID-related shutdowns began in March, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new underwriting, and homeowners debated whether or not to put their houses on the market. However, those first days of uncertainty ushered in a period of unprecedented demand in the U.S. real estate market, which ended the year with increasing average home prices (up 13.4% from the previous year) and shrinking days on market (13 fewer than in 2019).

Now, as the spring market approaches, you may be wondering whether the good times can continue to roll on. If you’re a homeowner, should you take advantage of this opportunity? If you’re a buyer, should you jump in and risk paying too much? Below we answer some of your most pressing questions.

How is today’s market different from the one that caused the 2008 meltdown?

At the beginning of the pandemic, fears of an economic recession and an ensuing mortgage meltdown were top of mind for homeowners all across the country. For many buyers and sellers, the two seemed to go hand in hand, just as they did in the 2008 economic crisis.

In reality, however, the conditions that led to 2008’s recession were very different from those that triggered the current downturn—and this time, the housing market is the source of much of the good news.2 This is in line with historical patterns, as housing prices traditionally hold steady in the face of recession, with homeowners staying put and investors putting their money into bricks and mortar to ride out uncertainty in the stock market.

This time around, because of lessons learned in 2008, banks are better funded, homeowners are holding more accrued equity, and, crucially, much of the economic activity is focused on financial factors outside the housing market. As many industries quickly pivoted to work-from-home, early fears of widespread job loss-related foreclosures have failed to materialize. Federal stimulus payments and the Paycheck Protection Program also helped to offset some of the worst early effects of the shutdown.

Are we facing a real estate bubble?

A real estate bubble can occur when there is a rapid and unjustified increase in housing prices, often triggered by speculation from investors. Because the bubble is (in a sense) filled with “hot air,” it pops—and a swift drop in value occurs. This leads to reduced equity or, in some cases, negative equity conditions.

By contrast, the current rise in home prices is based on the predictable results of historically low interest rates and widespread low inventory. Basically, the principle of supply and demand is working just as it’s supposed to do. In addition, experts predict a strong seller’s market throughout 2021 along with increases in new construction.3 This should allow supply to gradually rise and fulfill demand, slowing the rate of inflation for home values and offering a gentle correction where needed.
Effects of low interest rates
According to Freddie Mac, rates are projected to continue at their current low levels throughout 2021.4 This contributes to home affordability even in markets where homes might otherwise be considered overpriced. These low interest rates should keep the market lively and moving forward for the foreseeable future.
Effects of low inventory
Continuing low inventory is another reason for higher-than-average home prices in many markets.5 This should gradually ease as an aggressive vaccination rollout and continuing buyer demand drive more homeowners to move forward with long-delayed sales plans and as new home construction increases to meet demand.6

Aren’t some markets and sectors looking particularly weak?

One of the big stories of 2020 was a mass exodus from attached home communities and high-priced urban areas as both young professionals and families fled to the larger square footage and wide-open spaces of suburban and rural markets. This trend was reinforced by work-from-home policies that became permanent at some of the country’s biggest companies.

Speculation then turned to the death of cities and the end of the condo market. However, it appears that rumors of the demise of these two residential sectors have been greatly exaggerated.

With the first vaccine rollouts, renters have begun returning to major urban centers, attracted by the sudden rise in available inventory and newly discounted rental rates.7 In addition, buyers who were previously laser-focused on a single-family home responded to tight inventory by taking a second look at condos.8 While nationwide condo prices continue to lag behind those of detached homes, they’ve still seen significant price increases and days on market reductions year over year.

In addition to these improvements, the 2020 migration has spread the economic wealth to distant suburban and rural enclaves that normally don’t benefit from increases in home values or an influx of new investment. As many of these new residents set up housekeeping in their rural retreats, they’ll revitalize the economies of their adopted communities for years to come.

How has COVID affected the “seasonal” real estate market?

Frequently, the real estate market is seen as a seasonal phenomenon. However, the widespread shutdowns in March 2020, coming right at the beginning of the market’s growth cycle in many areas, has led to a protracted, seemingly endless “hot spring market.”

While Fannie Mae’s chief economist Douglas Duncan predicts slower growth from 2020’s historic numbers, the outlook overall is positive as we embark on the 2021 spring selling cycle.9 Duncan anticipates an additional lift in the second half of 2021 as buyers return to business as usual and look to put some of their pandemic savings to work for a down payment. Thus we could be looking at another longer-than-usual, white-hot real estate market.

How will a Biden administration affect the real estate market?

Projected policy around housing promises to be a boost to the real estate market in many cases.10 While some real estate investors bemoan proposed changes to 1031 Exchanges, the Biden plan for a $15,000 first-time homebuyer tax credit aims to increase affordability and bring eager new home buyers into the market. In addition, Biden-proposed policy pinpoints low inventory as a primary driver of unsustainable home values and is geared toward more affordability through investments in construction and refurbishment.

Overall, according to most indicators, the real estate news looks overwhelmingly positive throughout the rest of 2021 and possibly beyond. Pent-up demand and consumer-driven policies, along with a continued low-interest-rate environment and rising inventory, should help homeowners hold on to their increased equity without throwing the market out of balance. In addition, the increase in long-term work-from-home policies promises to give a boost to a wide variety of markets, both now and in the years to come.

STILL HAVE QUESTIONS? WE HAVE ANSWERS

While economic indicators and trends are national, real estate is local. We’re here to answer your questions and help you understand what’s happening in your neighborhood. Reach out to learn how these larger movements affect our local market and your home’s value.

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CarolineDinsmore.com  |  phone: 650.773.2226

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The Dinsmore Group is busier than ever:

Caroline Dinsmore sold $78M in 12 months!

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When we support women to shine, to grow exponentially, and to be truly empowered — everyone wins. Join the Dinsmore Group in celebrating Women’s History Month through these free virtual events.

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S.F. Public Library: Women of the Marin Headlands | 3/7 at 11 AM

In recognition of Women’s History Month, National Park Ranger Lara Volski will provide a look at different women who have played a role in the history, stewardship, and preservation of the sea swept bluffs and coastal prairies just north of the Golden Gate Bridge.

LIVE STREAMED HERE

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WOMXN at Work: Champions of Change 3/12 at 10 AM

We’ll hear lightning talks from five women from diverse backgrounds and lived experiences who will shed light on their personal and career journeys and the strides they made to get to where they are today.

REGISTER HERE

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.8.2″ _module_preset=”default”][et_pb_column type=”2_5″ _builder_version=”4.8.2″ _module_preset=”default”][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/03/9-300×300.jpg” title_text=”Multi-Generation Female Hispanic Family On Sofa At Home Watching TV Together” align=”center” _builder_version=”4.8.2″ _module_preset=”default” width=”60.1%”][/et_pb_image][/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.8.2″ _module_preset=”default”][et_pb_text _builder_version=”4.8.2″ _module_preset=”default”]

Women’s History Month: Latina SHEroes
3/18 at 1 PM

In honor of Women’s History Month, Olivia Franco and Nicky Trasviña welcome you to an eye-opening experience where you will learn of the valuable contributions made by Latinas to the betterment of society through their insight and deeds.

REGISTER HERE

 
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Housing Market Article

Featured Article

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While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last?

When COVID-related shutdowns began in March, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new underwriting, and homeowners debated whether or not to put their houses on the market. However, those first days of uncertainty ushered in a period of unprecedented demand in the U.S. real estate market, which ended the year with increasing average home prices (up 13.4% from the previous year) and shrinking days on market (13 fewer than in 2019).

Now, as the spring market approaches, you may be wondering whether the good times can continue to roll on. If you’re a homeowner, should you take advantage of this opportunity? If you’re a buyer, should you jump in and risk paying too much? Below we answer some of your most pressing questions.

How is today’s market different from the one that caused the 2008 meltdown?

At the beginning of the pandemic, fears of an economic recession and an ensuing mortgage meltdown were top of mind for homeowners all across the country. For many buyers and sellers, the two seemed to go hand in hand, just as they did in the 2008 economic crisis.

In reality, however, the conditions that led to 2008’s recession were very different from those that triggered the current downturn—and this time, the housing market is the source of much of the good news.2 This is in line with historical patterns, as housing prices traditionally hold steady in the face of recession, with homeowners staying put and investors putting their money into bricks and mortar to ride out uncertainty in the stock market. 

This time around, because of lessons learned in 2008, banks are better funded, homeowners are holding more accrued equity, and, crucially, much of the economic activity is focused on financial factors outside the housing market. As many industries quickly pivoted to work-from-home, early fears of widespread job loss-related foreclosures have failed to materialize. Federal stimulus payments and the Paycheck Protection Program also helped to offset some of the worst early effects of the shutdown.

Are we facing a real estate bubble?

A real estate bubble can occur when there is a rapid and unjustified increase in housing prices, often triggered by speculation from investors. Because the bubble is (in a sense) filled with “hot air,” it pops—and a swift drop in value occurs. This leads to reduced equity or, in some cases, negative equity conditions.

By contrast, the current rise in home prices is based on the predictable results of historically low interest rates and widespread low inventory. Basically, the principle of supply and demand is working just as it’s supposed to do. In addition, experts predict a strong seller’s market throughout 2021 along with increases in new construction. This should allow supply to gradually rise and fulfill demand, slowing the rate of inflation for home values and offering a gentle correction where needed.

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Effects of low interest rates

According to Freddie Mac, rates are projected to continue at their current low levels throughout 2021.4 This contributes to home affordability even in markets where homes might otherwise be considered overpriced. These low interest rates should keep the market lively and moving forward for the foreseeable future.

Effects of low inventory

Continuing low inventory is another reason for higher-than-average home prices in many markets.5 This should gradually ease as an aggressive vaccination rollout and continuing buyer demand drive more homeowners to move forward with long-delayed sales plans and as new home construction increases to meet demand.

Aren’t some markets and sectors looking particularly weak?

One of the big stories of 2020 was a mass exodus from attached home communities and high-priced urban areas as both young professionals and families fled to the larger square footage and wide-open spaces of suburban and rural markets. This trend was reinforced by work-from-home policies that became permanent at some of the country’s biggest companies.

Speculation then turned to the death of cities and the end of the condo market. However, it appears that rumors of the demise of these two residential sectors have been greatly exaggerated. 

With the first vaccine rollouts, renters have begun returning to major urban centers, attracted by the sudden rise in available inventory and newly discounted rental rates.7 In addition, buyers who were previously laser-focused on a single-family home responded to tight inventory by taking a second look at condos.8 While nationwide condo prices continue to lag behind those of detached homes, they’ve still seen significant price increases and days on market reductions year over year.

In addition to these improvements, the 2020 migration has spread the economic wealth to distant suburban and rural enclaves that normally don’t benefit from increases in home values or an influx of new investment. As many of these new residents set up housekeeping in their rural retreats, they’ll revitalize the economies of their adopted communities for years to come.

How has COVID affected the “seasonal” real estate market?

Frequently, the real estate market is seen as a seasonal phenomenon. However, the widespread shutdowns in March 2020, coming right at the beginning of the market’s growth cycle in many areas, has led to a protracted, seemingly endless “hot spring market.”

While Fannie Mae’s chief economist Douglas Duncan predicts slower growth from 2020’s historic numbers, the outlook overall is positive as we embark on the 2021 spring selling cycle.9 Duncan anticipates an additional lift in the second half of 2021 as buyers return to business as usual and look to put some of their pandemic savings to work for a down payment. Thus we could be looking at another longer-than-usual, white-hot real estate market.

How will a Biden administration affect the real estate market?

Projected policy around housing promises to be a boost to the real estate market in many cases.10 While some real estate investors bemoan proposed changes to 1031 Exchanges, the Biden plan for a $15,000 first-time homebuyer tax credit aims to increase affordability and bring eager new home buyers into the market. In addition, Biden-proposed policy pinpoints low inventory as a primary driver of unsustainable home values and is geared toward more affordability through investments in construction and refurbishment.

Overall, according to most indicators, the real estate news looks overwhelmingly positive throughout the rest of 2021 and possibly beyond. Pent-up demand and consumer-driven policies, along with a continued low-interest-rate environment and rising inventory, should help homeowners hold on to their increased equity without throwing the market out of balance. In addition, the increase in long-term work-from-home policies promises to give a boost to a wide variety of markets, both now and in the years to come.  

STILL HAVE QUESTIONS? WE HAVE ANSWERS

While economic indicators and trends are national, real estate is local. We’re here to answer your questions and help you understand what’s happening in your neighborhood. Reach out to learn how these larger movements affect our local market and your home’s value.

CarolineDinsmore.com  |  phone: 650.773.2226 

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1

The San Mateo County Real Estate Report – February 2021

[et_pb_section fb_built=”1″ _builder_version=”4.8.2″ _module_preset=”default”][et_pb_row _builder_version=”4.8.2″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.8.2″ _module_preset=”default”][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/2.jpg” title_text=”2″ align=”center” force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_text _builder_version=”4.8.2″ _module_preset=”default” admin_label=”Text”]Our January report focused mostly on 2020’s annual statistics. This report will put most of its attention on quarterly and monthly indicators, which better illustrate changes occurring as 2020 progressed and 2021 began.

In January, new listing activity started to pick up quickly after the typical annual low hit in December. The numbers of listings going into contract and of listings closing sale in January were both up approximately 37% from January 2020 – very significant increases.

[/et_pb_text][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/3-1.jpg” title_text=”3″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/4-2.jpg” title_text=”4″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_text _builder_version=”4.8.2″ _module_preset=”default”]As is the norm, new listing activity began to pick up in January, after hitting the usual, annual low point in December. The number of new listings coming on market in January was up about 34% over January 2020.
[/et_pb_text][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/5-2.jpg” title_text=”5″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_text _builder_version=”4.8.2″ _module_preset=”default”]
The number of active listings on the market typically climbs rapidly through spring. In January, inventory was running about 48% higher than in January 2020.
[/et_pb_text][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/6-1.jpg” title_text=”6″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_text _builder_version=”4.8.2″ _module_preset=”default”]Month by month, year-over-year comparison of home sales volumes – illustrating the initial pandemic crash in activity followed by the market rebound that saw monthly sales volumes climb well above the levels of the previous year.
[/et_pb_text][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/7-2.jpg” title_text=”7″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_text _builder_version=”4.8.2″ _module_preset=”default”]In 2020, year-over-year sales of homes $3 million and above saw a significant increase, while the sales volume of homes below that threshold actually declined a little. However, neither statistic does justice to the rapid acceleration in market activity occurring in the second half of the year.

Big jumps in high-price home sales were common around most of the Bay Area last year after the pandemic hit.
[/et_pb_text][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/8-2.jpg” title_text=”8″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_text _builder_version=”4.8.2″ _module_preset=”default”]The number of price reductions has dropped rapidly from the peaks it hit in late summer, early autumn.
[/et_pb_text][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/9-1.jpg” title_text=”9″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_text _builder_version=”4.8.2″ _module_preset=”default”]The 2 tables below reflect market statistics and values for Q4 2020 only, which will often be different than those for the full year 2020. It is not unusual for more expensive markets to have softer supply and demand statistics – such as higher average days on market figures, and lower percentages of listings accepting offers within the period – though this is not always the case.

Median sales values can fluctuate for a number of reasons, and are especially prone to do so in markets with low sales volumes.
[/et_pb_text][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/10.jpg” title_text=”10″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/11-1.jpg” title_text=”11″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_text _builder_version=”4.8.2″ _module_preset=”default”]Luxury home sales by city and price segment:
[/et_pb_text][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/12-1.jpg” title_text=”12″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_text _builder_version=”4.8.2″ _module_preset=”default”]The most dramatic surge in luxury home sales occurred in the third quarter of 2020 – a factor in the Q3 peaks in median sales price and average dollar per square foot values illustrated in the first 2 charts of this report.
[/et_pb_text][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/13-1.jpg” title_text=”13″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_text _builder_version=”4.8.2″ _module_preset=”default”]Below is the first table of a full-year 2020 home value analysis of markets around the Bay Area, ranked by median sales price, highest to lowest. The peninsula has a large footprint at the top of the list. The full report and home price map are here: Bay Area 2020 Home Prices.
[/et_pb_text][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/14.jpg” title_text=”14″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_text _builder_version=”4.8.2″ _module_preset=”default”]Two of the factors behind the housing market recovery after the pandemic first hit were the dramatic drop in interest rates, and the significant rebound in the stock market – especially in the stocks of some of our local high-tech giants.
[/et_pb_text][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/15.jpg” title_text=”15″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/16-1.jpg” title_text=”16″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/17.jpg” title_text=”17″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/18-scaled.jpg” title_text=”18″ force_fullwidth=”on” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][et_pb_image src=”https://carolinedinsmoreandco.com/wp-content/uploads/2021/02/19-1-scaled.jpg” admin_label=”Image” _builder_version=”4.8.2″ _module_preset=”default”][/et_pb_image][/et_pb_column][/et_pb_row][/et_pb_section]

Golden Gate Bridge

What’s Happening in the Bay Area?

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Broadway Shows and Other Top Entertainment Streaming Online for Free

 

Any theater lover knows the show must go on, and a global pandemic certainly hasn’t slowed our entertainment options, it’s just repackaged them for online, at-home consumption. Now’s the time to nab some VIP seating and catch a front-row view of all the top entertainment streaming online for FREE right now.

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.8.2″ _module_preset=”default” width=”90%” custom_margin=”15px||1px||false|false”][et_pb_column type=”1_2″ _builder_version=”4.8.2″ _module_preset=”default”][et_pb_text _builder_version=”4.8.2″ _module_preset=”default” text_line_height=”1em” link_font_size=”26px” header_text_align=”center” header_line_height=”1.1em” header_3_font_size=”26px” header_3_line_height=”1.2em” header_4_text_align=”justify” header_4_line_height=”1.6em” width=”100%” max_width=”100%” module_alignment=”center”]

17 of The Best Online Games
to Play as a Family

 

Families spending time at home together or living in different places can stay entertained and connected with a plethora of online and mobile games.

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Best Reading, Spelling, and
Writing Apps for Kids

 

Not only can you take a virtual tour of the museum, but you can also deepen your art knowledge through one of the MoMA’s online classes. MoMA is offering of a few different art courses on its website. All classes are taught through the online portal Coursera and allow participants to learn directly from artists and designers as well as examine the museum’s collection, according to the MoMA website.

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Zoom, It’s Not Just For Work: 30 Fun Activities Families Can Do Online

 

At first we had no idea how we were going to stay connected. Then we discovered that there were, in fact, many ways to interact even if we could not physically be together. We started Skyping, FaceTiming and Zooming with friends and family. We celebrated Zoom birthday celebrations…book clubs….and those ubiquitous happy hours. But now that we’ve settled into this new reality, we are looking for ways to up the ante.

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Eggs in Purgatory with
Chile butter and Feta

 

Turkish inspired Eggs in Purgatory with Chile Butter and Feta. Perfectly soft-cooked eggs simmered in a simple, slightly spicy, tomato sauce with garlic, herbs, and lemon. Top this one-skillet recipe with fresh herbs, plenty of feta cheese, and serve with olive oil toasted bread for dipping.

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.8.2″ _module_preset=”default” width=”90%” custom_margin=”15px||1px||false|false”][et_pb_column type=”1_2″ _builder_version=”4.8.2″ _module_preset=”default”][et_pb_text _builder_version=”4.8.2″ _module_preset=”default” text_line_height=”1em” header_text_align=”center” header_line_height=”1.1em” header_2_line_height=”1.2em” header_4_text_align=”justify” header_4_line_height=”1.6em” width=”100%” max_width=”100%” module_alignment=”center” link_option_url=”https://www.epicurious.com/recipes/food/views/bombay-toasties-masala-chile-cheese-tara-obrady?utm_medium=email&utm_campaign=601dd1efa31ff90001882586&utm_source=5c17f781feb04e1be797041f&abe=0&agent_id=5c17f781feb04e1be797041f”]

Bombay Masala Chile Cheese Toasties

 

Melty, cheesy, crunchy, spicy—these sandwiches, a street food favorite in India, check all the boxes. There’s a tender potato filling, crisp vegetables, and oozing cheese tucked between golden bread that’s spread with an invigorating green chutney.

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TikTok’s Next Big Thing is
This Over-the-top Feta Pasta Recipe

 

A baked feta pasta recipe, which food blogger @feelgoodfoodie shared in the post that has garnered the most views, . has been taking over users’ For You pages. It’s allegedly the reason grocery stores in Finland ran out of feta cheese. In most videos, the process is simple.

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.8.2″ _module_preset=”default” width=”90%” custom_margin=”15px||1px||false|false”][et_pb_column type=”1_2″ _builder_version=”4.8.2″ _module_preset=”default”][et_pb_text _builder_version=”4.8.2″ _module_preset=”default” text_line_height=”1em” header_text_align=”center” header_line_height=”1.1em” header_2_line_height=”1.2em” header_4_text_align=”justify” header_4_line_height=”1.6em” width=”100%” max_width=”100%” module_alignment=”center” link_option_url=”https://www.realsimple.com/food-recipes/shopping-storing/food/food-dining-trends-2021?utm_medium=email&utm_campaign=601dd1efa31ff90001882586&utm_source=5c17f781feb04e1be797041f&abe=0&agent_id=5c17f781feb04e1be797041f”]

21 (Delicious) Food and Dining Trends Coming Your Way in 2021

 

Who better to tap for projected dining trends than some our nation’s top tastemakers: The chefs, restaurant owners, registered dietitians, culinary school instructors, grocery product managers, and bartenders that set the stage for foods we line up for (masks on and at a distance, please), follow on social media, and what we cook for our families at home.

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Artists At Home: School Outreach

 

This school semester, the National Museum of African American History and Culture (NMAAHC) is offering a digital, interactive art program for teachers and their students in grades 3-8. Adapted from our summer program, “Artists at Home” is designed to engage students in hands-on art making and conversations about African American artists and different genres of visual art.

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Contemporary Art Gallery Online is Proud to Announce Their 1st Black History Month 2021 Exhibition

 

Contemporary Art Gallery Online encourages entries from all 2D and 3D artists regardless of their experience, education in the art field or where they may reside. This is an international competition, and everyone, who meets the eligibility, is encouraged to participate. 

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Celebrate Black History Month with Cultural Happenings in SF

 

San Francisco will celebrate Black History Month with an exciting slate of events to commemorate the contributions of African-Americans within our city, across our nation, and throughout our history, beginning Feb. 1. Plan ahead, purchase tickets, and gather your friends to take part in all of the excitement here in San Francisco and the East Bay.

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.8.2″ _module_preset=”default” width=”90%” custom_margin=”15px||1px||false|false”][et_pb_column type=”1_2″ _builder_version=”4.8.2″ _module_preset=”default”][et_pb_text _builder_version=”4.8.2″ _module_preset=”default” text_line_height=”1em” header_text_align=”center” header_line_height=”1.1em” header_2_line_height=”1.2em” header_4_text_align=”justify” header_4_line_height=”1.6em” width=”100%” max_width=”100%” module_alignment=”center” link_option_url=”https://www.forbes.com/sites/samanthatodd/2020/02/03/how-google-coca-cola-and-other-american-companies-are-celebrating-black-history-month-2020/?sh=621eda7649e9&utm_medium=email&utm_campaign=601dd1efa31ff90001882586&utm_source=5c17f781feb04e1be797041f&abe=0&agent_id=5c17f781feb04e1be797041f”]

Google, Coca-Cola and Other American Companies Are Celebrating Black History Month 2020

 

February is Black History Month, and much of corporate America is commemorating the occasion. From tech to retail and industries in between, here’s how some of the nation’s biggest businesses are celebrating the achievements of black Americans.

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Riding the Next Wave of Wellness

 

No matter what the latest health and wellness trend is, technology plays a key role in creating new ways to work out and improve one’s well-being. Technology empowers startups and unleashes innovators across the industry. The future will be no different.

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.8.2″ _module_preset=”default” width=”90%” custom_margin=”15px||1px||false|false”][et_pb_column type=”1_2″ _builder_version=”4.8.2″ _module_preset=”default”][et_pb_text _builder_version=”4.8.2″ _module_preset=”default” text_line_height=”1em” header_text_align=”center” header_line_height=”1.1em” header_2_line_height=”1.2em” header_4_text_align=”justify” header_4_line_height=”1.6em” width=”100%” max_width=”100%” module_alignment=”center” link_option_url=”https://www.vogue.com/article/wellness-2021?utm_medium=email&utm_campaign=601dd1efa31ff90001882586&utm_source=5c17f781feb04e1be797041f&abe=0&agent_id=5c17f781feb04e1be797041f”]

What Will Wellness Look Like in 2021?

 

The future of more accessible and inclusive tools of wellness is looking brighter for 2021. Here, seven emerging and expanding wellness movements primed to aid health and happiness in a new year.

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This 15-Minute Neck-and-Shoulder Stretch Relieves Tension in Your Body and Mind

 

On the latest episode of Good Moves, Brooklyn-based BK yoga club co-founders Alicia Ferguson and Paris Alexandra demo just how easy it is to relieve such stiffness and pain with a simple yoga flow that serves as a neck-and-shoulder stretch.

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EatingWell’s Top 10 Health
and Wellness Trends for 2021

 

2020 has been quite a year. Many of us are looking to next year with high hopes. The coronavirus pandemic has really changed the way we eat and shop for food, as well as renewed our interest in staying healthy. With that in mind, we identified trends—some new and some continuing to take off—that we think will be big in health and wellness next year. Here’s what we expect to see more of.

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Larkin Street Youth Project

 

Imagine a World where ALL youth have equal opportunities for recreation, fitness, and friendship—regardless of their abilities. KEEN’s Mission – Empower youth with disabilities by providing free, non-competitive one-to-one programs of exercise, fitness and fun, led by volunteer coaches.

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826 Valencia

 

826 Valencia is a nonprofit organization dedicated to supporting under-resourced students ages six to eighteen with their creative and expository writing skills and to helping teachers inspire their students to write.

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The Bread Project

 

The Bread Project has a vision for all reentry and justice-involved individuals to be able to contribute to a stronger community through stable, gainful, and fulfilling work. We leverage the power of food prep and baking training, and job placement assistance, to support the integration of these men and women into society

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Community Grows

 

Our vision is that all youth are able to benefit from the joy and healing of nature-based outdoor education, and develop the tools, confidence and resources to navigate and challenge structural injustices.

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MLS-Export-compressed

2020 Market Review and Update

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San Mateo County

 

As I am sure you will agree, the year 2020 will go down in history as one of our Nation’s most difficult. Who could have foreseen in 2019 that we would undergo political and social turmoil, a deadly pandemic and a bitterly contested Presidential election?

By mid-March 2020, my team and I thought we were headed into a dramatically slowing market. Little did we know that we were about to face one of the most robust real estate markets we had seen in years. In 7 months, I personally sold 28 homes totaling $54M in sales.

For six weeks after Shelter In Place (SIP) began, the local housing market came to a standstill until early May. At that point, people began to realize that working and educating our children from home would soon become our new “normal”. With that, people began to re-evaluate their housing needs.

What we saw was a tremendous upheaval in our housing marketplace. The most popular keyword search term on our company website was “Outdoor Space”. People from San Francisco decided to move to the suburbs for more space. We saw a rise in condo and townhome sales as sellers wanted to upgrade into single family homes. People in 3-bedroom single family homes needed more rooms for an extra office or a “zoom room” for their kids to attend school online. Those who owned 4-5 bedroom homes who were nearing retirement decided to take advantage of the historically low interest rates and move out of the area to low or no-income tax states like Washington and Nevada.

Despite not being allowed to have open houses, our housing market became frenetic. Home values on the Peninsula began to shoot up again, multiple offers became the norm and homes were selling within a week to 10 days. With interest rates still hovering at historical lows in the high 2%/low 3% range (depending on loan size and loan product) and low inventory, we continue to see much of the same as we ease into 2021. We expect it to continue well into the second half of the year.

I will continue to keep you apprised as the year wanes on. If you have any additional questions, please do not hesitate to reach out.

Best,
Caroline

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