No one really wants to have to write a contingent offer and the luxury home market in the San Ramon Valley has certainly not been immune to challenges like those faced in many other regions. One of those is the lack of financing available. The high-end buyer does not typically fit into a neat package. The jumbo mortgage market offerings via Fannie Mae and Freddie Mac are currently capped at 625,000 in most Bay Area markets and while there is a fair amount of true jumbo loans available underwriting is very strict. … [Read more...]
January Real Estate Update for Blackhawk Country Club
One thing can be said about the real estate market in Blackhawk Country Club right now...there is just not a lot of inventory. I talk with folks on a weekly basis who are interested in moving up but just cannot really find something that strikes their fancy right now. Let's hope that as we move into Spring we will see an uptick in the number and types of homes available for sale. Following are the numbers for January home sales in Blackhawk in 2012 versus the first month of last year. Do you have specific questions … [Read more...]
2011 Blackhawk Year End Real Estate Review
2012 is here and it is time to put 2011 behind us. But before we do here is the Blackhawk Real Estate performance snapshot for 2011. Slightly fewer homes sold in Blackhawk compared with 201o but the good news is that the median price increased a little over 4% on a year over year basis. The time it took to get a home into contract in 2011 was very similar to 2010 at just under three months. The Patio & Town Home market, like many in the area, struggled with declining values. All The Best in 2012! … [Read more...]
Blackhawk 2011 Real Estate Review thru November
The Blackhawk real estate market has closed out the first eleven months of the year with a few bright spots. While the number of homes sold so far this year has failed to keep pace with 2010 it is nice to see that median sales prices have risen almost six percent. The time to market a home has held steady at less than three months. The townhouse and patio home segment has held up better price wise than the surrounding communities. Now it is time to enjoy the Holidays but if you are interested in buying a home in … [Read more...]
2011 vs 2010 Blackhawk Real Estate Market Review Through October
The first ten months of the year are in the books. Here is a look at how the Blackhawk real estate market has performed versus the same period last year. In the single family home segment you can see that while home sales have declined a bit the median price has bumped up a touch over two percent. Marketing time remains almost identical. The attached home space, like many other cities in the area, has been under pressure. Median prices have fallen and marketing time has increased slightly. Feel free to contact me … [Read more...]
Blackhawk Year over Year Real Estate Performance Through September
Although it is currently raining here in the East Bay there was a little bit of sunshine with respect to a rise in the median home price in Blackhawk this year versus last. Median prices rose a little over five percent for the first nine months. Marketing time is basically the same while the number of homes sold this year were down by fourteen. As with Alamo it is hard to make any comparisons in the attached home market since there is just not enough data. Not represented in the data are several estates which sold … [Read more...]
Short Sale Concentration in Blackhawk as of 9.22.11
The data represented in the chart shows the concentration of short sales as a percentage of total sales currently in "sale pending" status. Short sales typically take longer to close and may be represented over several months. Questions about short sales in Blackhawk? Give me a call. … [Read more...]
Blackhawk Real Estate Market Year Over Year Report through August
The following information describes the performance of the housing market in Blackhawk in 2011 versus 2010 through the first eight months of the year. The single family homes have posted a moderate decline in unit sales and marketing time is basically unchanged. A nice tidbit is the increase in the median sales price versus last year. Attached homes have shown a bit of weakness but the sample is small and can be subject to large variances on a month to month basis. The average days on market figures for 2011 are a … [Read more...]
July Bank Owned Home Sales for Blackhawk
The following numbers represent the current Foreclosure Sold Inventory data as well as the current "Active" and "Sale Pending" data for Bank Owned (REO) properties in Blackhawk for the month of July 2011. There is one current single family home active/pending sale priced at $840,000. One attached home is active/pending sale at 484,900. Active/Pending data is through 8.21 Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. Call me for more … [Read more...]
Labor Day is Approaching. Information on the tools of backyard entertaining.
As Labor Day approaches we all celebrate as summer draws to a close and we look forward to all that fall has to offer. The following articles provide information on all things related to backyard entertaining. Best wishes to a wonderful three day weekend with family and friends on September 3rd thru 5th. Outdoor Appliance Buying Guide: Specialty Items Specialty appliances for outdoor kitchens are hot items, but you’ll spend thousands of dollars for the added convenience. Read Outdoor Appliance Guide: … [Read more...]
Knowledgeable...