“Max, Marriage, and the Market”
2007 Summer News
From Brendan Leary & Team
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inside The Market R. Brendan Leary Goings On Duncan Stone Jaime Stoeckle |
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cover photos center Brendan, Jean and the red rocks of Sedona, Arizona middle right Duncan, Mia and Max lower right Jaime and Greg |
 R.BRENDAN LEARY Top 1% of Coldwell Banker Internationally #1 Agent in CB Palo Alto Offices 1997, 1998, 1999, 2001, 2002, 2004, 2005, 2007 YTD Visit Brendan's Web Site www.brendanleary.com 
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Brendan’s Thoughts On The Market Well, I have been putting off our summer news for over a month now. Reason being, “THE MARKET”??????????. Hmmmmmm. Our business has been fantastic. We are on record pace for the number of units sold. The dollar volume for us is very close to the year 2000. On the other hand, all of the general statistics, newspaper articles, etc. continue to be negative. The answer is............??? We just received the 6-month statistics for Northern California. It appears the Mid Peninsula, Palo Alto and Atherton especially, is immune thus far to slowing market pressures. The surrounding markets, especially the more affordable end, are having a tough time. Volume is off 25%. This means 1995 numbers. Median prices have still edged up. Why? The upper end of the market still has a huge appetite. Multiple offers on a 4 million dollar lot! A 27 million dollar sale in Atherton. A property in Midtown, Palo Alto with a 10,000 sq. ft. lot listed at $1,750,000 received 9 offers and sold for $2,250,000. These big numbers, and there are many of them, soften the real statistics. Outside of our little world the market is having some problems. Next big pressure/problem. The lending market is turning the screws and qualifying for a loan is going to be about 10% harder. This means taking 10% of the buying power out of the picture. It will have an impact. Read into this 7%+ interest rates by the end of the year. No more high leveraged loans, easy qualifying programs, etc. This again will affect the “affordable” end of the market. The asset driven end is doing just fine. Having said all of this we still have a lack of inventory. Every home will sell; it just will be more price sensitive. |
 The Jean and Brendan show keeps going well. Work, bike, tri, home all fantastic. The newest adventure for us is Kirkwood Meadows. We took the plunge and now are “fractional” owners. The Carson Pass area has been the site of many of our adventures over the years: running, cycling, hiking and skiing. We are always at our best in the mountains. We are lucky, happy, and loving life.  |
photos
top right
Brendan at the Beat the Clock time trial on Canada Road
lower right
Brendan and Jean on skis at Kirkwood
top right
Brendan at the Beat the Clock time trial on Canada Road
lower right
Brendan and Jean on skis at Kirkwood
  This year Mia & I celebrated the arrival of our first child. Max was born on the 5th of March 2007, a healthy 7 pounds 8 ounces. He has thrived in the past 3 months, growing as only a newborn can. He has already developed a love of the outdoors, the jogging stroller, and sleep. All of which are good things for his parents. Also this year we moved to the Cuesta Park neighborhood in Mountain View. As a result Max has his own bedroom and backyard to grow into. He already has a fascination with grass and the way the magenta leaves of the plum tree contrast with the sky. Who knew that a backyard could bring so many hours of joy? It’s amazing how an infant adds to your perspective of life. Business continues to be wonderful. Our clients are the best. Thank you for your continued support. |
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Jaime Stoeckle Yes, it’s true... I am engaged! Greg proposed to me over Memorial Day Weekend, so it’s official. We are getting married! For those of you who love the little details... we spent the day exploring Half Moon Bay and recreating one of our very first dates. After checking out all of the sites, we relaxed on a bench at the Ritz-Carlton while overlooking the coast. Greg brought out the ring and asked if I’d be his wife. Of course I said, “YES!” We are both looking forward to our wedding in April 2008, followed by a honeymoon in Paris. |
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We are also excited to continue our passion for traveling to new places. We rented a home
on the beach in Bodega Bay earlier this month. The weather on the coast and the views were
amazing. Next on our list are trips to New York City and Maui in the fall. In terms of work, the year started out with a brisk pace, but has since slowed a bit. We are currently “recharging our batteries” and preparing for the end of the year rush. |
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| top left | Mia and Max at Filoli Gardens |
| middle left | Max learns the real estate business from his Dad |
| lower right | Jaime and Greg celebrate their engagement at the Ritz-Carlton |
TRANSACTIONS
2007
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contact R. Brendan Leary
phone 650 207 2100
email bleary@cbnorcal.com
Top 1% of Coldwell Banker Internationally#1 Agent in CB Palo Alto Offices
1997, 1998, 1999, 2001, 2002, 2004, 2005, 2007 YTD
This information is deemed reliable, but not guaranteed
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R.BRENDAN LEARY 101 Alma Street #507, Palo Alto 101 Alma Street #901, Palo Alto 334 Hawthorne Avenue, Palo Alto 712 Los Trancos Road, Palo Alto 3540 Louis Road, Palo Alto 4242 Newberry Court, Palo Alto 2297 Saint Francis Drive, Palo Alto 765 San Antonio Road #61, Palo Alto 777 San Antonio Road #109, Palo Alto 271 Stanford Avenue, Palo Alto 134 Tasso Street, Palo Alto 4148 Thain Way, Palo Alto 1245 Waverley Avenue, Palo Alto 602 Wellsbury Court, Palo Alto 1355 Arbor Avenue, Los Altos Story Hill Lane, Los Altos Hills 521 Pope Street, Menlo Park 2045 Avy Avenue, Menlo Park 1447 Bonita Avenue, Mountain View 192 Central Avenue, Mountain View 700 Chiquita Avenue #7, Mountain View 505 Cypress Point Drive #292, Mountain View 505 Cypress Point Drive #293, Mountain View 157 Easy Street, Mountain View 2080 Marich Way #15, Mountain View 3732 Bret Harte Drive, Redwood City 507 Buena Vista Avenue, Redwood City 1764 Connecticut Drive, Redwood City 272 King Street, Redwood City 335 Nimitz Avenue, Redwood City 310 Rutherford Way, Redwood City 1036 Wilmington Way, Redwood City 259 Nice Court, Redwood Shores 1106 Royal Lane, San Carlos 1024 Shoreline Drive, San Mateo 2333 Ticonderoga Drive, San Mateo 20351 Thelma Avenue, Saratoga 954 Bellomo Avenue, Sunnyvale 540 Sobrato Drive, Campbell |