Newsletter Summer 2015

70th Anniversary Celebration

Charles Cournale, opened Cournale & Co. in Vallejo, CA in 1945. At that time, he was assisting a broker who was helping veterans, who were returning from WWII to Mare Island, buy homes. He decided that it was time to have his own office. Two years later (after an ultimatum from his wife), he relocated his office to Geary Blvd. at 27th Avenue. He was joined by his son, Clyde Cournale in 1950 after his stint in the Navy and graduation from UC. The rest is history.

We celebrated 70 years and three generations of owner-operation with clients, former employees, family and friends with a festive reception at the Olympic Club in April. Our CEO, Clyde Cournale, shared the stage with other speakers and a video was shown recapping our history. Current staff and their status was also part of the video.

70 years is a long time and we are proud to carry on and have you a part of our company!

Staff News

On August 19th, Sandy Russo will be celebrating her 30th Anniversary with Cournale & Co. Little did she know that her hiring by Bob Rowland to assist the Property Management Dept. would evolve into being the Controller of Cournale & Co. We are proud of our association with Sandy and congratulate her on this momentous anniver-sary!

Sara Chamarro joined the firm last year and distinguished herself as a very capable receptionist. She has taken over the duties (and challenges!) as the Maintenance Coordinator.

Congrats to Sara – we know that the position is in good hands.

“White Hot” Real Estate Market

The “tech” boom and limited inventory here in San Francisco has resulted in some mind-boggling statistics.

In June, the average sales price for a home was $1,808,114. The average condo sold for $1,301,501. The volume was very low, however, as only 212 homes and 273 condos were sold so the sampling was not very great.

New listings continue to be at a premium as a decrease of 19% (from 227 to 224) of new homes on the market and condos decreased by 26% (from 359 to 265) from June of 2014.

The average sales went approximately 10% over list price and the affordability index for buyers continued to decline for both types of properties.

Referrals Welcome!

We are working hard in many areas of real estate – sales, management, loans, renovating and improving property, and handling estate and Trust matters. Keep us in mind if you or someone you know needs our assistance.  Thank you!