In our update to you last month, we started by discussing the tragic fires that took place in Lahaina. This serves as a stark reminder that we're now entering the beginning of fire season. Given this, we think this is a good time to focus on the topic of insurance. Take a moment to review your insurance policies to ensure they provide the coverage you need.

Insurance has been a hot topic in the news this year. In June, both Allstate and State Farm made headlines by announcing that they would no longer be offering new homeowners' insurance policies in California.

Just this week, the San Jose Mercury News provided an important update on this matter, reporting, "A rumored legislative deal aimed at keeping home insurance companies from bailing on California is dead now that the deadline for a bill has passed. But a consumer group that has been attacking what it called a back-room insurance bailout plan warned Tuesday that those secret talks with the state’s Insurance Commissioner haven’t ended.”

We can only hope that these discussions are indeed progressing. In the meantime, we can offer valuable resources for our new buyers seeking coverage or if you are contemplating changes to your existing policy.

Below, you'll find our most recent real estate market update. If you have any questions, please don't hesitate to reach out. Real estate is a highly personalized matter, and it's not easily addressed by averages and medians. Our aim is to provide you with a current market analysis of your home whenever you need it, for any reason. Consider us your go-to real estate resource, whether you're buying or selling.

Portola Valley

Woodside

Atherton

Menlo Park

Palo Alto

Los Altos

Los Altos Hills