Realty World – BLUE | Property Group, Inc.

HELLLLOOOO My Wonderful Beautiful Bay Area… Those of you who have enjoyed taking certain deductions yearly… be forewarned… certain tax benefits will be going up up and away… (the article below comes from Inman News)… please make your notes and be sure to take what you can before they disappear…
Real Estate Tax Talk. There are several tax credits and deductions set to expire at the end of the year, and given the federal deficit problem, there’s a good chance they won’t be extended. If you want to take advantage of them, you need to act before Jan. 1, 2012. Mortgage insurance premium deduction If you itemize deductions, you may deduct the premiums you pay for mortgage insurance, just like you do mortgage interest. However, this deduction is phased out if your income exceeds certain levels. To qualify for the full deduction, a couple or a single taxpayer must have an adjusted gross income of $100,000 or less. The deduction is phased out completely if AGI exceeds $109,000. For further details go ahead and check out the full article…click open the hyperlink below…
http://shar.es/oh6zE

 HELLLOOOO My Ever Wonderful Beautiful Bay Area… here’s some interesting stats for you regarding housing activities in the following counties….they may give you a better insight as to what the average List prices are in high and low price points … Enjoy!!

I hope you will find the following snapshot of local Real Estate 
 

inventory interesting. The table represents aggregated values based on 

MLS data for the specified date. 
 
 

Housing Inventory Snapshot 
July 28, 2011

 
Average List Price
Median List Price
Average Days On Market

Santa Clara County, CA

Single Family under $1M
$592,091
$580,000
69

Single Family over $1M
$2,302,785
$1,650,000
77

Condo/Townhome under $600K
$346,370
$349,000
75

Condo/Townhome over $600K
$746,892
$708,000
67

San Mateo County, CA

Single Family under $1M
$614,943
$588,888
74

Single Family over $1M
$2,806,758
$1,728,000
80

Condo/Townhome under $600K
$370,848
$359,900
88

Condo/Townhome over $600K
$779,907
$719,000
65

Santa Cruz County, CA

Single Family under $1M
$563,733
$559,000
79

Single Family over $1M
$1,952,887
$1,645,000
108

Condo/Townhome under $600K
$353,149
$333,703
107

Condo/Townhome over $600K
$800,226
$759,000
120

Monterey County, CA

Single Family under $1M
$449,639
$375,000
87

Single Family over $1M
$3,139,852
$2,195,000
125

Condo/Townhome under $600K
$310,009
$279,000
80

Condo/Townhome over $600K
$1,074,440
$897,000
111

San Benito County, CA

Single Family under $1M
$363,682
$319,900
92

Single Family over $1M
$1,983,890
$1,500,000
199

Condo/Townhome under $300K
N/A**
N/A**
N/A**

Condo/Townhome over $300K
N/A**
N/A**
N/A**

Alameda County, CA

Single Family under $1M
$439,582
$400,000
77

Single Family over $1M
$1,861,976
$1,498,000
87

Condo/Townhome under $600K
$272,242
$249,000
85

Condo/Townhome over $600K
$757,419
$699,000
61

Contra Costa County, CA

Single Family under $1M
$389,133
$314,900
77

Single Family over $1M
$1,930,678
$1,450,000
113

Condo/Townhome under $600K
$228,331
$177,000
88

Condo/Townhome over $600K
$718,012
$679,950
82

If you know someone who is considering buying or selling a home, please 

give me a call. I will provide professional & courteous service along with 

knowledgeable guidance through the process.