Tag Archives: Dreyfus Properties

It’s time to sell in Palo Alto – Susan Tanner interviewed in the Palo Alto Patch

Dreyfus Properties is in the news again. First Michael Dreyfus in Fortune magazine, and now Susan Tanner in the Palo Alto Patch. Armed with the sales numbers we’ve just released, Susan Tanner spoke to the newspaper about the surging market in Palo Alto. Read what Susan has to say in the the full article.

The Patch took note of our eye-ball busting numbers: homes under contract in Palo Alto went up 60% since May of last year.

Homes under contract, or pending sales, is a very accurate read of the market right now. Units sold is a backward looking number, whereas units under contract indicates where the market is trending. Susan and our agents use this heads-up information to help their homebuyer and seller clients react to the moves of the market.

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Michael Dreyfus is featured in Fortune magazine cover story

This month’s Fortune magazine’s cover story kicks off with a vignette from Michael Dreyfus about a home he recently sold above list price in a frantic bidding war among seven buyers. The upshot? ”We live in an alternate universe here.” Michael said. Read the full story at Fortune Magazine:

http://tech.fortune.cnn.com/2011/07/11/dont-call-it-the-next-tech-bubble-yet/

“Michael Dreyfus, 49, is a leading real estate broker in the heart of Silicon Valley. During the winter he sensed the housing market was coming back, though he hadn’t a clue what he’d be in for. In February prospective sellers came to him with a listing for a perfectly respectable property in Palo Alto: four bedrooms, three bathrooms, 7,500-square-foot lot, needs work. He recommended that the sellers ask $1.9 million. When the house went on the market in April, they had bumped the price to $2.3 million. Seven offers came in above that price; $2.7 million won the frantic bidding. Several buyers attempted to make offers even as the broker was supervising repairs to a kitchen flooded by a burst pipe. What’s a little leak when the price tomorrow may hit $3 million? “We live in an alternative universe here,” Dreyfus acknowledges.”  

Source: “Don’t Call It the Next Tech Bubble – Yet.” FORTUNE magazine, July 2011.

Dreyfus Properties featured in main news article of the Palo Alto Daily Post

We received a lively welcome to the Menlo Park Chamber of Commerce with a special ribbon cutting ceremony here at our Menlo Park office on 2100 Sand Hill Road on June 13, 2011. Our expansion has brought and will continue to bring much excitement to prominent publications such as the Palo Alto Daily Post. See image on left hand side for our feature on page 7 of the Daily Post.