Well Fall officially began on September 22nd this year. Things have certainly turned colder and wetter in our part of the Bay Area but Real Estate is still moving fast. The chart below addresses how the Dublin real estate market did in the summer of 2012 versus 2011. One can see that the Single Family Home market posted a nice increase in the number of homes sold, a slight rise in median values and a pretty dramatic drop in the number of days it took to get a home into escrow. That was also the case for the … [Read more...]
Tri-Valley Mortgage & Market Review
Mortgage and Market Update Economic News: Housing led the way in last week’s economic news. The Case-Shiller Home Price Index reaffirmed the sentiment of housing sector improvement (which those of us in the Bay Area have known about for a while). Price increases were reported for the fifth month in a row. Pending Home Sales did not disappoint either rising 2.40% on a month over month basis. News on the consumer was a bit conflicted. Consumer Confidence was lower than expected with worries persisting about the … [Read more...]
Dublin Real Estate Review thru June
Well this is the last day of June and the first six months of 2012 is coming to a close. This gives me an opportunity to compare the Dublin Real Estate Market this year versus last. The market has been very active so far this year and housing inventory has been tight which could certainly be reflected in the results. 172 Single Family Homes sold in 2011 versus 166 is 2012. The median sales price in 2011 was $641,000 versus $575,000 for this year. More activity in the lower end of the market may have played a part … [Read more...]
First Quarter Real Estate Update for Danville
2012 has started off a little weaker in Danville real estate. Sales of single family homes are slightly lower and pricing is down a bit. Keep in mind that all real estate is local and certain Danville neighborhoods are seeing increasing prices. One interesting tidbit is the rebound in the market for attached homes. The number of sales has risen dramatically and we are seeing a strengthening in pricing and lower marketing time. There is a similar trend occurring in the surrounding cities as well. Lack of inventory … [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...]
Danville’s February Real Estate Update
Welcome to the first day of Spring! Let's look over the Danville Real Estate Market for the first two months of 2012. Starting with the attached home segment we see that sales are similar while values are up a notch. Single Family home sales are a little under last year's pace while median pricing was slightly lower. The time to get a home into escrow has declined. Keep in mind at this point in the year the data samples are small. We should get a better idea of the market when I post the full first quarter stats in … [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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