Tag: Covid-19

Santa Clara County Quarterly Statistics, May 2020

Posted on by Julie Tsai

Market indicators are often seasonal in nature, with Q2 typically being the period of highest demand, and the mid-winter holiday period being the period of lowest activity.

Since the coronavirus didn’t really start impacting most markets until early-mid March, and because of the lag time between an offer being accepted on a listing and it closing escrow, the effect of the crisis on Q1 2020 statistics was limited. For more insight into how the crisis is affecting our real estate market, see our weekly trends report.

Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.

 

Source: Compass

It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis. Many factors affect sales prices besides neighborhood/ bedroom count: quality of location within the neighborhood, condition, size,architecture,views, amenities,parking,outdoor space, etc.

These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position,but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term.

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.

San Mateo County Quarterly Statistics, May 2020

Posted on by Julie Tsai

Market indicators are often seasonal in nature, with Q2 typically being the period of highest demand, and the mid-winter holiday period being the period of lowest activity.

Since the coronavirus didn’t really start impacting most markets until early-mid March, and because of the lag time between an offer being accepted on a listing and it closing escrow, the effect of the crisis on Q1 2020 statistics was limited. For more insight into how the crisis is affecting our real estate market, see our weekly trends report.

Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.

Source: Compass

It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis. Many factors affect sales prices besides neighborhood/ bedroom count: quality of location within the neighborhood, condition, size,architecture,views, amenities,parking,outdoor space, etc.

These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position,but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term.

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.

Santa Clara County Real Estate, April 2020

Posted on by Julie Tsai

Source: Compass

It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis. These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position, but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term.

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.

San Mateo County Quarterly Real Estate Market Dynamics, April 2020

Posted on by Julie Tsai

 

Market indicators are often seasonal in nature, with Q2 typically being the period of highest demand, and the mid-winter holiday period being the period of lowest activity.

Since the coronavirus didn’t really start impacting most markets until early-mid March, and because of the lag time between an offer being accepted on a listing and it closing escrow, the effect of the crisis on Ql 2020 statistics was limited. For more insight into how the crisis is affecting our real estate market, see our weekly trends report.

Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.

Source: Compass

It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis. These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position, but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term.

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.

Santa Clara County Quarterly Real Estate Market Dynamics, April 2020

Posted on by Julie Tsai

Market indicators are often seasonal in nature, with Q2 typically being the period of highest demand, and the mid-winter holiday period being the period of lowest activity.

Since the coronavirus didn’t really start impacting most markets until early-mid March, and because of the lag time between an offer being accepted on a listing and it closing escrow, the effect of the crisis on Q1 2020 statistics was limited. For more insight into how the crisis is affecting our real estate market, see our weekly trends report.

Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.

 

Source: Compass

It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis. Many factors affect sales prices besides neighborhood/ bedroom count: quality of location within the neighborhood, condition, size, architecture, views, amenities, parking, outdoor space, etc.

These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position, but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term.

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.

Earth Day is Wednesday, April 22

Posted on by Julie Tsai

Plan ahead for some Earth Day projects and hope you and your family are safe and healthy! 

Looking for ways to keep your kids entertained while we all are hunkering down at home?

Scroll on to see some fun ideas centered around Earth Day for your children to have some fun and learn while they’re at it.

Earth Collage Art Project

Have unused magazines to spare? Try this simple and fun craft to get your children’s creative juices flowing.

Directions here.

Homemade Bird Feeder

Learn how to make an easy bird feeder with your kids with this tutorial.

Bonus points: After making the bird feeder, stick around to see what kinds of birds visit your home!

Nature Arts + Crafts

Try one of these 20+ nature arts and crafts to spark some joy.

One of our favorites is this clay imprint! It can make excellent decor for your home, and is fun for the kids to help out with.

Layers of the Earth

Teach your kids about the layers of the earth, using Play-Dough. This tutorial will teach you how to make Play-Dough from scratch and how to layer it like the earth!

Try it out here.

Living, Work and Social Distancing

Posted on by Julie Tsai

I hope all is well with you, your family, and friends, as we count the days of the COVID-19 quarantine.

I have been asked by several friends and colleagues about my opinion on the current and future state of the real estate market.

Moving forward, I speculate that most will approach the market in search of a sanctum that will accommodate not only their living needs but professional and recreational as well. In this case, more square footage and private outdoor space will be in high demand.

 In reference to buying and selling in this current market, both parties must be aware that standard negotiation tactics will change, and may need to entertain offers that reflect their needs rather than the bottom line, and for that, I am here to assist. 

 In the meantime, I have provided you with a list of fun activities to pass the time during this period of  “Social Distancing”.  

Should you have any questions, please do not hesitate to contact me. Stay healthy and positive. We’ll get through this together!

 

Top 10 Things To Do While

“Social Distancing”

                  1. Have a Game Night
                    • 31 Fun Games for Family Game Night
                    • 10 Best Adult Party Games That’ll Make Any Game Night

Or

Download fun game apps such as:

                    • Heads Up
                    • Family Feud Live
                    • Fibbage
                    • Piccolo

2. Get Ahead of Spring Cleaning 

Take this time to declutter and reorganize your home or apartment! 

 

 

 

 

4. Have an At-Home Date Night

 

 

 

5. Read a Book

 

 

 

 

 

6. Start Spring Home Maintenance

 

 

 

 

 

7. Brainstorm Ideas for Home Improvement Projects

 

 

 

 

8. Workout at Home

 

 

 

 

 

9. Get Rest + Strengthen Your Immune System

 

 

 

 

 

Source: Compass

Bay Area Real Estate & the Coronavirus, April 2020

Posted on by Julie Tsai

Effects on Market Supply & Demand Dynamics

Note that there is a time lag – usually 3 to 6+ weeks – between a new listing coming on market, an offer being negotiated and accepted, and when the transaction actually closes sale. This means that almost all of the sales price data we have, as of the first week of April, still reflects the market BEFORE the shelter-in-place rules went into effect. In virtually all Bay Area counties, March median home sales prices were quite strong.

This report will look at the effects of the crisis on supply and demand by reviewing week by week statistics through April 5. The spring selling season is usually the most active of the year and, typically, the standard market indicators – new listings coming on market, total listings for sale, listings going into contract, sales closing escrow – all climb steadily from the mid-winter slowdown until peaking in late spring (or in a few markets, in summer). Since the coronavirus really began to impact the public consciousness locally in early March, and especially when the shelter in place rules came into effect, all these standard indicators have seen very significant declines. At the same time, the number of listings pulled off the market has spiked. Though the numbers are much reduced, some listings continue to go into contract.

 

Source: Compass

It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis. These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position, but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term.

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.

10 Ways to Manage Home Schooling for Your Children

Posted on by Julie Tsai

With schools being closed and children now being homeschooled, it can be difficult to manage your daily routine (along with work) and still find time to ensure your kids are learning and staying active. Ranging from science and language to music and math, here are 10 programs and classes that will make learning fun for your children.

 

1. Scholastic Learn at Home Projects

Scholastic has started a Learn at Home series, which will keep children learning even though schools are closed. Each day, Scholastic will add four different learning experience videos to their website for different grade levels. Click here for the Scholastic Learn at Home Projects.

 

 

 

 

2. Lunch Doodles with Mo Willems

Children’s author Mo Willems has been releasing “Lunch Doodle” videos on The Kennedy Center’s website, which encourages children of all ages to draw and write with him. Be sure to have crayons, paper, pens or pencils ready and join Mo Willems each weekday at 1 p.m. Click here for the link to Mo’s videos. 

 

 

 

 

3. Khan Academy 

Created by experts, Khan Academy’s library of trusted, standards-aligned practice and lessons covers math K-12 through early college, grammar, science, history, AP®, SAT®, and more, and it’s all free! Students practice at their own pace, first filling in gaps in their understanding and then accelerating their learning. Click here to visit Khan Academy

 

 

 

4. Live Children’s Book Reading by Josh Gad (Olaf)

Josh Gad, the voice of Olaf from the Frozen franchise, has been reading children’s books via his Twitter account. Since Frozen 2 was just released, this is the perfect way to wind down the day and get your kids ready for bed. Click here for Josh Gad’s Twitter profile.

 

 

 

 

 

5. Prodigies Music Online Classes

Prodigies Music offers online classes and activities for children to teach them musical skills through video lessons, worksheets and sheet music. Children will learn how to sing in tune, understand music notes and how to play an instrument. Click here to sign up. 

 

 

 

 

 

6. NGAkids Art Zone

The National Gallery of Art presents NGAkids Art Zone, an interactive and informative way to introduce art and art history to children. It features activities like creating animated portraits, decorating 17th-century dollhouses and making three-dimensional geometric shapes, which will entertain your children while they learn about art and art history. Click here to access NGAkids Art Zone. 

 

 

 

 

7. Online Language Classes

Conjuguemos teaches students how to learn a new language through different types of interactive activities, quizzes and games. They offer these courses in Spanish, French, German and Italian, just to name a few. Click here to sign up and get started. 

 

 

 

 

 

8. Daily At Home Science Experiments

Club SciKidz have been posting daily science or cooking experiments that are safe for children to try at home. These experiments are interactive and will help viewers learn more about elements, matter, sound and more. Click here to access these at home science experiments.

 

 

 

 

 

9. Bamboo Learning through Amazon’s Alexa

Bamboo Learning has integrated voice-based learning through Amazon’s Alexa, making it easy for kids to learn since almost everyone has this tool in their homes. They have a variety of different tools that will educate children on subjects ranging from math and reading to music and history. Click here to enable these tools to your Alexa. 

 

 

 

 

10. Kid-Friendly Workouts

Sworkit, an at home fitness program and app is now offering kid-friendly workouts to help your kids stay active while at home. Ranging from warm-ups and strength to agility and flexibility, these videos are sure to keep your child engaged and occupied. Click here to get started. 

 

 

 

 

 

 

Source: Compass

 

 

 

Looking to Volunteer Virtually?

Posted on by Julie Tsai

 

In these challenging times, small acts of goodness are more important than ever. See below for a few ways to virtually extend a hand to those in your community – all from the comfort of your own home! Together, we can show how much #CompassCares.

Get Started Today!

UPchieve is a free, online platform that connects low-income high school students in the US with live, volunteer coaches (that’s you!) any time they need it, especially during this time of school closures. The volunteer experience is ultra-flexible so you can help students from anywhere with an internet connection!

 

 

 

 

Career Village provides students with free personalized career advice from real-world professionals. On a mission to democratize access to career information and advice for underrepresented youth, professionals answer questions from any laptop or smartphone, giving students the inspiration and education they need to make better decisions about their futures. Volunteer virtually to answer questions from students who want to be you when they grow up!

 

 

The Trevor Project is a national 24-hour, toll-free confidential suicide hotline for LGBTQ youth. TrevorChat & TrevorText volunteers are trained to answer online messages or texts from young people who are struggling with issues such as coming out, LGBTQ identity, depression, and suicide. TrevorChat & TrevorText volunteers must undergo a 40-hour virtual training and serve a minimum of a one-year commitment, with three to four 3-hour virtual shifts per month.

 

 

Translators Without Borders aims to close the language gaps that hinder critical humanitarian efforts worldwide by offering language and translation support for humanitarian and development agencies, and other non-profit organizations on a global scale. TWB depends on volunteers who are fluent in at least one language other than English to translate millions of words for medical texts, crisis response, or other engaging projects!

 

 

 

The Smithsonian seeks to engage the public in making their collections more accessible through digital technology. “Digital Volunteers” can take on important assignments to expand access to the Smithsonian’s massive collections and can participate in a variety of research programs. Learn more about the Smithsonian Institution’s WikiProject or become a citizen scholar through the Smithsonian Transcription Center.

 

 

 

 

Hire Heroes USA helps US military members, veterans and military spouses find new careers. You can help with mock interviews or career counseling via phone or video to make a real difference in the lives of military families with your expertise and energy.

 

 

 

 

 

 

Missing Maps is an open, collaborative project in which you can help to map areas where humanitarian organizations are trying to meet the needs of parts of the world that are vulnerable to natural disasters, conflicts, and disease epidemics. Join thousands of others in coordinated humanitarian projects to map OpenStreetMap and support communities in need

 

 

 

 

 

Crisis Text Line is a 24/7 national crisis-intervention and counseling service conducted exclusively through SMS text. Volunteers provide emotional support to texters who are dealing with a wide range of issues– bullying, self-harm, suicidal thoughts, and more. Prospective volunteers go through screening and a lengthy self-paced training. Once completed, volunteers sign-up to take one four-hour shift each week for a year.

 

 

 

 

Be My Eyes is a free mobile app with one main goal: to make the world more accessible for blind and low-vision people. The app connects blind and low-vision individuals with sighted volunteers from all over the world through a live video call.

 

 

 

 

 

JULIE TSAI LAW REALTY GROUP

JULIE TSAI LAW

650.799.8888

JULIE@JULIETSAILAW.COM

DRE #01339682

KRISTIN TSAI

408.605.80000

KRISTIN@JULIETSAILAW.COM

DRE #01294153

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