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...]
Tri-Valley Mortgage & Market Update for November 16th
Tri-Valley Mortgage and Market Update Economic News:  Inflation fears were muted by the results reported in both the Consumer & Producer Price Indicies. Hurricane Sandy is still causing havoc, this time in economic reporting. Retail Sales were down. Weekly Jobless Claims were way up and Industrial Production fell. While not all can be blamed on Sandy she did affect the numbers to a degree. Now it’s time to think about what we are thankful for and get ready to enjoy a short work week and time off with family … [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...]
Tri-Valley Mortgage & Market Update for 9.14
Economic News: The big market moving news this week was the announcement from the Federal Open Market Committee that it will purchase 40 Billion Dollars a month of Agency Paper (Fannie & Freddie Mortgage Bonds) with no expiration date set. This is the much anticipated Quantitative Easing known as QEIII. Additionally, the FED policy of low interest rates is expected to continue through the middle of 2015. This sent the stock market off to the races Thursday and mortgage rates went lower as well. The recent … [Read more...]
680 Corridor Mortgage & Market Update
Economic News: As we end the week and prepare for the upcoming Independence Holiday we can reflect on what was a positive string of housing reports. New Home Sales were strong with a 7.6% increase in May and the inventory of new homes for sale dropped to 4.7 months. The Case-Shiller Home Price Index was up for the third month in a row and was at the higher end of expectations. Finally, the Pending Home Sales results were a great way to end the week on housing data showing a 7.9% jump. The reports on consumer … [Read more...]
San Ramon Valley Real Estate Inventory Update for May
Following up on last month's San Ramon Valley Real Estate Inventory update here are how things are looking at the end of May. The "buzz" Â continues as the market remains active. With more buyers in the mix, sellers are getting a bit of a break with lower marketing times and in some cases multiple offers. I will take a look at the numbers again at the end of the month and check back in. Also, as June 2012 comes to a close (can you believe the year is almost half over?) I will report the sales results for the first … [Read more...]
San Ramon Valley Real Estate Inventory Update Spring 2012
The real estate market in the 680 Corridor has been “abuzz” with a lot of chatter regarding inventory, lots of buyers and multiple offers. I decided to take a look at the inventory of homes for sale at the end of April for 2012 versus 2011 in the areas of: Alamo, Blackhawk, Danville, San Ramon and Walnut Creek. After reviewing these statistics the “buzz” certainly seems warranted. I will continue to monitor the inventory levels through the spring / summer and report the findings back here. As always, if you … [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...]
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...]
Blackhawk Country Club Real Estate Update for February
We are moving toward the end of the first quarter so let's take a look at how the Blackhawk Real Estate Market performed for the first two months of this year versus 2011. As you can see the number of homes sold has dropped off from last year and pricing has increased slightly. It is tough to make any conclusions at this point in the year as the data sample for Blackhawk Country Club is small but what I am hearing is echoing many of the local markets....inventory is lacking. Stay tuned for the full first quarter … [Read more...]
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