Economic News…Well 2014 has arrived and one thing is certain which is the continued change in the mortgage markets. In early December the Federal Housing Finance Agency announced that it would increase (beginning in March) the “guarantee fees” charged by Fannie Mae and Freddie Mac. This took many in the industry by surprise and the conventional wisdom is that these tiered charges will be passed on to the consumer in the form of higher mortgage rates. A bit of good news regarding this issue came from Mel Watt (the … [Read more...]
1530 Colchester Street in Danville
1530 Colchester Street is a beautiful home located in the Vercelli area of the Monterosso neighborhood in Danville. This executive residence features approximately 3242 Square Feet, 5 Bedrooms, 4 Bathrooms as well as a Bonus Room. The flexible floor plan also includes a main level Bedroom with Full Bath. Distinctive features are abundant throughout and include: Gourmet Kitchen Features: Granite Counters with Bullnose Edge 36" GE Monogram Professional Gas Cooktop w/ Designer Vented Hood 30" Oven Below … [Read more...]
Danville’s Woodranch & Cimarron Hills Real Estate
Danville’s Woodranch & Cimarron Hills was developed from the late 1980’s to the early 1990’s by Ponderosa Homes & Davidon Homes. This executive community is located just east of the Town of Danville and comprises more than 430 homes. The neighborhood features a clubhouse, pool & spa facility, tennis courts as well as a generous play and picnic area. The community also boasts one of the best neighborhood garage sales in the area. Ponderosa Homes offered four floorplans which are located in the lower … [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...]
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...]
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...]
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...]
Danville’s January Real Estate Update
Housing in Danville kicked off January with a slight decrease in sales as compared to a year ago. The median price of single family homes held steady while there was an increase in the attached home segment. Since this is a cumulative report beginning this month it is difficult to draw any conclusions as the sample of data used is small. As the first quarter comes to a close we will begin to see a trend of how housing will perform in Danville this year. Do you have specific questions about real estate in Danville? … [Read more...]
Danville Real Estate Review for 2011
2011 has come to an end and it is time to look forward to what 2012 has in store for us. Danville Single Family home sales enjoyed a nice jump over 2010 rising a little over nine percent. Median prices came under moderate pressure falling just under five percent from 2010. Marketing time remained constant over the last two years averaging just over one month to get a home under contract. In the Condo and Townhouse market we saw a decline in the number of units sold and a bit of a drop in the median price. Marketing … [Read more...]
Danville Real Estate Review thru November
2011 is coming to an end and the real estate market in Danville is closing things out much the same as it did last year. Home sales have risen almost six percent and the median home price has held steady declining to $820,000 from $849,000. The time it takes to find a buyer is still excellent at just 44 days on average. The number of sales of townhouses and condos has dropped which the opposite of surrounding cities but the price decline is much less severe. Always remember all real estate is local and each and … [Read more...]
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