Economic News...was light for the week but there was some on the housing sector and mortgage rates remained virtually unchanged from last week. The Housing Market Index was lower reflecting weaker conditions in the Northeast and South. The West led the way. Housing Starts were robust with the multi-family component making up the majority of the gains. Now....news on the California Housing Market courtesy of CAR....Home prices have reached the highest level since May of 2008. The median price in March was $333,380 … [Read more...]
Blackhawk Country Club Real Estate Report
Well the first quarter of 2013 is over so it is time to take a look at how the real estate market in Blackhawk Country Club performed versus the same period a year ago. Blackhawk Country Club real estate is very active right now but that does not reveal itself in the number of homes sold (24 last year compared to 25 this year). Inventory levels have been on the decline all over the Bay Area which has prices increasing as well as a reduction in the number of days it takes to get a home into escrow. In 2013 the … [Read more...]
680 Corridor Real Estate Watch
Wow...That is all I can really say about the current happenings in the 680 Corridor Real Estate Market. From Dublin to San Ramon, Danville to Blackhawk and Alamo to Walnut Creek 2013 Real Estate has started off sizzling...Just this week two homes I know of with 16 offers, a condo with 30 and numerous other properties with multiple offers are causing excitement for home sellers and frustration for home buyers. From a seller's perspective this is welcome news but with it comes a bit of confusion. Marketing times on … [Read more...]
Blackhawk Country Club Summer 2012 Real Estate Report
Summer feels long since past with the weather we have had lately but it was really not that long ago. Fall began a little more than a month ago so I decided to take a look at the Blackhawk Country Club real estate market this summer versus last. Interestingly, home sales were down over 2011 which really does not jive with the rest of the market. While inventory of homes for sale remains a problem in the area I am not going to worry too much since this is just a four month snapshot. The jump in the median home price … [Read more...]
Summer’s Gone…How Did The Danville Real Estate Market Perform?
I am definitely feeling the chill in the air lately but the Danville real estate market remains warm to hot. Let's take a look at how Danville Real Estate did this Summer versus last. The numbers across the board were positive. Single Family Home sales fared very well with a double digit increase in units sold and a nice rise in the median home price. The time it took to get a house into escrow remained steady. Attached Homes also boasted increases in units sold and price but the more dramatic number is in the … [Read more...]
Blackhawk Country Club first quarter real estate review
The Blackhawk Country Club real estate market has started off 2012 in a very similar fashion to 2011. Twenty four homes sold in the first three months of this year versus 23 last year. Median home values have remained stable at $1,000,000 and marketing times have declined a bit. One thing I can say is that the attitude and activity seems more robust over last year even though the numbers are very similar. As with many of the surrounding communities inventory remains an issue and homes in excellent conditions,which … [Read more...]
Alamo’s 2012 First Quarter Real Estate Results
The first three months of 2012 are "in the books" for the Alamo real estate market so let's see how things are looking compared to last year. As you can see the single family home segment has easily surpassed the results of 2011. A large increase in home sales is also coupled with a moderate increase in the median pricing. The time it takes to get a home into escrow has moved up but mainly due to older listings coming off of the market. The buzzword right now is inventory. Things are moving quickly and if the home … [Read more...]
Renting versus Buying via The Wall Street Journal
This is an interesting video courtesy of the Wall Street Journal discussing the economics of buying a home versus renting in today's real estate market. When housing hit the skids, and the economy was thrown into recession, there has not been a lot of building in the residential segments targeting renters. Home ownership has fallen over the last few years and this has pushed millions of former owners into the lease market as well. The economics of supply and demand are in play and rents are rising. The housing … [Read more...]
The Walnut Creek Real Estate Market in February
As we cruise toward the end of the first quarter of 2012 let's look at how the Walnut Creek Real Estate Market did the first two months of the year. Both detached and attached home sales have started the year off stronger than the last. Median home prices are stable to slightly higher and the time it is taking to get the home into escrow has declined. One thing that is certain with this year's market is that inventory is thin and there are a lot of buyers out there shopping. Multiple offer scenarios are not … [Read more...]
February Real Estate Review for San Ramon
Spring is in the air and the home buyers are out in San Ramon. Let's review the San Ramon Real Estate Market first two months of 2012 versus the same period of 2011. The pace of single family home sales is very similar to 2011 and we have seen a slight "pop" in median price. The real standout is the dramatic increase in attached home sales. In both segments we have seen a decline in the time it takes to get a home into escrow. Things are busy out there right now and we are seeing a lot of multiple offer scenarios … [Read more...]
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