East Bay Mortgage & Market Update for December 30th...Have a Happy New Year! - 12/30/11 02:58 PM
Mortgage and Market Update for December 30th
Have a HAPPY NEW YEAR!!!
Economic News: 2011 is coming to a close and this week was nice in that there was not any major market shakeups. It was a great time to focus on family and friends and look forward to what 2012 has in hold for us. The little news there was from the US Market was good. Consumer Confidence continued to increase with a 7 point jump over last month. Weekly Jobless Claims, while increasing just a bit for the week, had the four week moving average continuing its descent. Pending … (2 comments)

Contingent Sale Offers Becoming More Popular - Is there an alternative? - 12/29/11 06:12 PM
I stumbled across “Contingency Sales Offers Becoming More Acceptable” earlier this month and it got me thinking of possible alternatives. The basic premise behind a Contingent Offer is that you are entering into contract on a new home prior to selling your current residence. Today’s real estate market is ripe for those looking to move up. While all homes have declined in value the opportunity to purchase your dream home in today’s low interest rate environment is something to definitely consider. That brings me back to contingent offers. You certainly want to “strike the best deal possible” on the new home … (3 comments)

East Bay Mortgage & Market Update for December 23rd - 12/23/11 11:41 PM
Mortgage and Market Update for December 23rd
Economic News: With the troubles in Europe subsiding for the moment as the European Central Bank is providing liquidity the focus can return to the state of our economy here at home. We have seen strength in the housing data as of late but when looking at 2011 as a whole New Homes Sales are near 40 year lows. The National Association of Realtors® also revised four years of sales data lower which made the housing slump look worse than originally reported. It is good to keep in mind that housing is a lagging … (4 comments)

Danville's Bettencourt Ranch Real Estate Update for December 22nd 2011 - 12/22/11 10:46 PM
Established in the early to mid 1990’s by Castle Construction & Dame Homes Bettencourt Ranch is a gated community located adjacent to Blackhawk County Club and a little over five miles east of the Town of Danville. The neighborhood is beautifully situated in the rolling hills offering privacy as well as views of the surrounding area.Bettencourt Ranch consists of 421 homes and within the community there are approximately 14 different original floorplans. The homes are a mixture of one and two story residences featuring four/five bedrooms and two/threes baths. They range in size from approximately 2400 to 3500 square feet.Adjacent to … (6 comments)

Danville's Woodranch & Cimarron Hills Real Estate Update for 12.22.11 - 12/22/11 03:34 PM
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 club house, pool & spa facility, tennis courts as well as a generous play and picnic area. The community also boasts the almost famous Woodranch Garage Sale which is one of the best in the area.Ponderosa Homes offered four floorplans which are located in the lower section of the community. Davidon Homes offered six varied floorplans incuding both … (6 comments)

Danville's Shadow Creek Real Estate Update for 12.22.11 - 12/22/11 02:26 PM
Shadow Creek was developed in the early 1990's by Dame Homes. The neighborhood consists of 486 homes. The community has 5 various models ranging in size from approximately 2400 to 3450 square feet featuring both one & two stories on nice sized lots. Amenities include two Club Houses, Tot Lot/Play Area, Pools & Greenbelt.Shadow Creek is approximately 6 miles east of the Town of Danville and is within a short drive, ride or walk to numerous shopping, dining & entertainment venues in Blackhawk Plaza as well as the Tassajara Crossings Shopping Center. Also nearby are two great local parks:  Sycamore & … (2 comments)

Silver Maple at Blackhawk Real Estate Update for December 21st 2011 - 12/21/11 01:20 PM
Established in 1979 Blackhawk consists of six gated communities covering over 4800 acres five miles east of Interstate 680 in Danville. Silver Maple, Hidden Oaks, Saddleback, Silver Oak, Oakridge & Main Gates (Country Club Area) are diverse neighborhoods within the community. Two 18 Hole Golf Courses: Lakeside & Falls each have their own clubhouse as well as many other amenities. Blackhawk Plaza shopping center is adjacent to the community and has excellent dining, shopping and entertainment venues.Silver Maple consists of 136 homes as well as three still undeveloped parcels. They are a mix of tract, semi-custom & custom homes, dating back … (2 comments)

San Ramon CA Foreclosures Report for the month of November 2011 - 12/21/11 11:54 AM
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 San Ramon, CA 94582 & 94583 for the month of November 2011. Currently there are 20 single family homes active/pending with a high price of $1,190,000 and a low price of $279,900. 22 attached homes are also active/pending with a high price of $597,500 and a low price of $105,000.

Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. Please call for more detailed information regarding the current Foreclosure/REO market in San Ramon.
PREVIEW CURRENT … (0 comments)

Alamo CA Foreclosures Report for the month of November 2011 - 12/21/11 11:32 AM
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 Alamo, CA 94507 for the month of November 2011. There are six homes currently in the Active/Pending segment of bank owned homes the high price is $1,840,000 and $579,900 is the low price.

Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. For more detailed information of the current Foreclosure/REO market in Alamo please call.
PREVIEW CURRENT BANK OWNED HOMES FOR SALE IN ALAMO
… (0 comments)

Danville CA Foreclosures Report for the month of November 2011 - 12/21/11 12:06 AM
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 Danville, CA 94526/94506 for the month of November 2011. There are 12 single family homes currently active/pending with a high price of $1,172,350 and a low price of $429,900. There are 7 attached homes currently active/pending with a high price of $424,900 and a low price of $217,500.

Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. Please call for more detailed information regarding the current Foreclosure/REO market in Danville.
PREVIEW ACTIVE BANK OWNED DANVILLE HOMES … (3 comments)

Blackhawk CA Foreclosures Report for the month of November 2011 - 12/20/11 11:24 PM
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, CA 94506 for the month of November 2011. There are two current single family homes active/pending with a high price of $1,080,000 and a low price of $789,900. No attached homes are currently active/pending.

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 detailed information about the current Foreclosure/REO market in Blackhawk. In some cases Blackhawk Foreclosures are listed under the City of Danville and may not show up … (0 comments)

Walnut Creek CA Foreclosures Report for the month of November 2011 - 12/20/11 11:05 PM
The following numbers represent the current Foreclosure Sales inventory data as well as the current "Active" and "Sale Pending" data for Bank Owned (REO) properties in Walnut Creek, CA 94596,94597,94598 for the month of November 2011. There are 17 homes currently active/pending with a high price of $789,900 and a low price of $349,900. 35 attached homes are active/pending with high price of $625,000 and a low price of $96,000.

One sale of a single family home was reported at $0 which skewed the list versus sold stats for this month. Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. Please … (0 comments)

East Bay Mortgage & Market Update for December 15th - 12/15/11 06:03 PM
Mortgage and Market Update for December 15th
I usually prepare the Mortgage and Market Updates on Friday but this week Cari and I will be flying out at "o dark thirty" for Sunny San Diego to enjoy the weekend and take part in her company's Holiday Party. So here we go on a Thursday afternoon..... Economic News: Even though the stock market has been under pressure for most of the week economic reports have been solid. Retail sales, although less than expected for November, were revised upward for both September & October. The Federal Open Market Committee minutes revealed nothing new … (6 comments)

Walnut Creek Short Sales Snapshot as of December 14th 2011 - 12/14/11 10:51 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for Walnut Creek, CA as of December 14th 2011. As you can see the ratios for both single family as well as attached homes are over 50%. Those same ratios for the segment of homes for sale are much lower. This represents the additional time required to get short sales all the way through close of escrow. Every short sale is different and some take much longer than others.

Please keep in mind that this only reflects the market on the specific day quoted.  Walnut Creek Short Sales can take time and may … (5 comments)

San Ramon CA Short Sales Snapshot as of December 14th 2011 - 12/14/11 10:21 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for San Ramon, CA 94582 / 94583 as of December 14th 2011. San Ramon pending sales are still dominated by those who are "selling short". Single family homes which are currently on the market have much less of a concentration of short sales due to the fact that it just takes time to get these closed. The Condo & Townhouse market, like many other local cities, continues to struggle with a large number of distressed transactions.
Please keep in mind that this only reflects the market on the specific day quoted.  San Ramon … (0 comments)

Danville Short Sales Snapshot as of December 14th 2011 - 12/14/11 09:55 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for Danville, CA 94526 & 94506 for the period ending December 14th 2011. There is a large difference between pending and active percentages of short sales. This large portion of pending sales is due to the time and effort involved in successfully getting a short sale closed. What is also encouraging is for those buyers who are looking, but are not interested in short sales, there are plenty of Danville homes to choose from.

Please keep in mind that this only reflects the market on the specific day quoted.  Danville … (2 comments)

Blackhawk CA Short Sales Snapshot as of December 14th 2011 - 12/14/11 09:30 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for Blackhawk CA 94506 for the period ending December 14th 2011. Take note of the percentage of Short Sales which are actively for sale. This reflects the difference in time that a short sale normally takes to close escrow versus a traditional sale.

Please keep in mind that this only reflects the market on the specific day quoted.  Blackhawk Short Sales can take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day … (0 comments)

Alamo Short Sales Snapshot as of December 15th 2011 - 12/14/11 09:12 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for Alamo CA as of December 14th 2011. As you can see there is a big difference between the percentage of short sales of total pending sales and what is currently for sale that is a potential short sale. This variance relates to the additional time that it can take to get a short sale completed.

Please keep in mind that this only reflects the market on the specific day quoted.  Alamo Short Sales take time and may be represented over several months in this data while traditional sales close escrow … (0 comments)

November 2011 Blogroll for Doug Anderson's Tri-Valley Real Estate Views - 12/12/11 07:10 PM
November 2011 Blogroll for Doug Anderson’s Tri-Valley Real Estate Views...a little late but better than never...December has been a busy month so far.
Alamo CA 94507 Real Estate Market Review 2011 vs 2010 January thru OctoberBlackhawk CA Real Estate Market Review 2011 vs 2010 January thru OctoberDanville CA Real Estate Market Review 2011 vs 2010 January thru OctoberSan Ramon CA Real Estate Market Review 2011 vs 2010 January thru OctoberWalnut Creek CA Real Estate Market Review 2011 vs 2010 January thru OctoberOctober 2011 Blogroll for Doug Anderson’s Tri-Valley Real Estate ViewsThe Sound of Rain...East Bay Mortgage & Market Update for 11.4.2011Alamo … (0 comments)

Walnut Creek CA Real Estate Market Review 2011 Versus 2010 Thru November - 12/12/11 01:39 PM
The following numbers represent the Real Estate Market Review of homes sold for the first eleven months of 2011 versus the same period in 2010 for Walnut Creek. The housing market is holding steady in the year over year comparison with single family home sales showing a similar number while pricing has weakened over last year. Attached home sales have shown a significant increase while the lower end sales are dragging down the overall price data which is trend in many of the local cities. Marketing time has increased slightly.

Keep in mind that real estate markets are local in nature and there will be micro markets … (2 comments)

San Ramon CA Real Estate Market Review 2011 Versus 2010 thru November - 12/12/11 01:30 PM
The following numbers represent the Real Estate Market Review of homes sold and associated market data for the first eleven months of 2011 versus the same period of 2010 for San Ramon, CA.  The San Ramon market has been fairly steady with respect to homes sold and pricing this year versus last. The opposite is true in the market for attached homes where unit sales have increased, at the lower end, dragging down the median price. Both segments have seen the marketing time gradually increase.

Keep in mind that real estate markets are local in nature and there will be micro markets in every town.  Contact me for a more in depth … (0 comments)

East Bay Mortgage & Market Update for December 9th - 12/09/11 04:43 PM
Mortgage and Market Update for December 9th
Economic News: Stock Markets ended the week strong with reports of progress being made in the European Union efforts to come to agreement on how to handle the ongoing crisis. Our economic reports were mixed with a bias on the positive side. Factory Orders for October fell in both the durable and non-durable goods segments. This news was mostly shrugged off as data from last week showed a rebound in demand. The ISM-Non Manufacturing Index missed estimates but a reading above 50 still shows growth. Weekly Jobless Claims handily beat expectations at 381,000 and … (3 comments)

Danville CA Real Estate Market Review 2011 Versus 2010 Thru November - 12/09/11 04:04 PM
The following numbers represent the Real Estate Market Review of homes sold for the first eleven months of 2011 versus the same period in 2010 for Danville. Our housing market has performed well. Stable marketing times, pricing and unit sales describe the year over year performance in the single family home space. The market in attached homes has somewhat underperformed versus the same period last year.

… (0 comments)

Blackhawk CA 94506 Real Estate Market Review 2011 Versus 2010 January thru November - 12/09/11 03:33 PM
The following numbers represent the Real Estate Market Review of homes sold for the first eleven months of 2011 compared with the same period in 2010 for Blackhawk. The Blackhawk market has been steady year over year. Median sales prices of single family homes have gotten a boost, despite a reduction in home sales, as the year has progressed. The marketing times for both attached and detached homes has remained steady. The data for attached homes is really too small to make any major conclusion but pricing has softened. Several large estates have also sold with their transfer prices being reported at zero or $1.

… (0 comments)

Alamo CA 94507 Real Estate Market Review 2011 Versus 2010 January thru November - 12/09/11 02:16 PM
The following numbers represent the Real Estate Market Review of homes sold for the first eleven months of 2011 versus the same time period in 2010 for Alamo, CA 94507. The Alamo market while experiencing a slowdown in unit sales has seen pricing and marketing times holding steady. The attached home information varies greatly as the data sample is too small to really reach any conclusions but we can certainly see that median pricing is under pressure.

Keep in mind that real estate markets are local in nature and there will be micro markets in every town.  Contact me for more in depth information about … (0 comments)

Walnut Creek CA Real Estate Market Review for November 1st - 30th 2011 - 12/04/11 11:49 PM
The following numbers represent the Real Estate Market Review for Walnut Creek, CA  94596, 94597 & 94598 for the month of November 2011. As with neighboring cities Walnut Creek is experiencing a tight market. Not out of the ordinary for the time of year but it is nice to see the median price up and the inventory down over last month. Marketing times remain stable.

Walnut Creek has 83 homes currently "pending sale" with a high price of $2,750,000 and a low price of $300,000.  There are 122 condo/townhomes "pending sale" with a high price of $700,000 and a low price of $74,000.
… (5 comments)

San Ramon CA Real Estate Market Review for November 1st - 30th 2011 - 12/04/11 11:32 PM
The following numbers represent the Real Estate Market Review for San Ramon, CA  94582 & 94583 for the month of November 2011. The situation in San Ramon is similar to the surrounding cities over the past month. Inventory is down and median home price is up in both the detached and attached segments. Marketing times have risen just a touch from last months level.

San Ramon has 132 homes currently "pending sale" with a high price of $1,599,999 and a low price of $279,900.  There are 113 condo/townhomes "pending sale" with a high price of $549,000 and a low price of $97,000. … (2 comments)

Danville CA Real Estate Market Review for November 1st - 30th 2011 - 12/04/11 11:10 PM
The following information represents the Real Estate Market Review for Danville CA 94526 & 94506 for the month of November 2011. Danville's inventory of homes, both attached and detached, got tighter in November. Average marketing time edged up just a bit as did the median sales price.

Danville has 105 homes currently "pending sale" with a high price of $1,695,000 and a low price of $429,900.  There are 34 condo/townhomes "pending sale" with a high price of $629,950 and a low price of $150,000.
  … (3 comments)

Blackhawk CA Real Estate Market Review for November 1st - 30th 2011 - 12/04/11 10:56 PM
The following numbers represent the Real Estate Market Review for Blackhawk, CA 94506 for the month of November 2011. Blackhawk home sales for the month dropped off from October but there was a rise in median price as well as a decline in the days on market. The sample of data for Blackhawk is small so monthly figures can and do vary widely.

Blackhawk has 10 homes currently "pending sale" with a high price of $1,798,000 a low price of $599,000.  There are no condo/townhome "pending sale". Feel free to contact me for additional information on the real estate market in Blackhawk Country Club.
… (0 comments)

Alamo CA Real Estate Market Review for November 1st - 30th 2011 - 12/04/11 10:33 PM
The following data represents the Real Estate Market Review for Alamo, CA 94507 for the month of November 2011. There was a nice increase in the median sales price for the month. Two homes sold for over $2,000,000 and an additional 2 for more than $1,500,000. Inventory and average days on market were also down. Pending sales also increased for the month.

Alamo has 31 homes currently "pending sale"with a high price of $2,995,000 and a low price of $579,900. There is currently one condo/townhome "pending sale" which was listed at $359,000.
  … (0 comments)

East Bay Mortgage & Market Update for December 2nd - 12/02/11 03:37 PM
Mortgage and Market Update for December 2nd
Economic News: A coordinated effort by Central Banks around the globe to support the Euro seems to have lowered the stress level in our markets and led to a jump in equity prices. Our weekly economic news was once again mostly positive. New Home Sales were fewer than expected, Pending Home Sales climbed 10% over last months level and the Case-Shiller Home Price Index continued to show pressure on prices. Consumer Confidence “blew away” expectations and a nice note in the data was that consumer sentiment for home and appliance purchasing is on the … (2 comments)

Adopt an Angel - Contra Costa Style - 12/01/11 10:00 PM
What an amazing day it was volunteering at the Adopt an Angel - Angel Tree Program for 2011! Sandy Gaylord, one of my Partners at Executive Brokers, has been involved in the coordination of this event for 18 years. She works hand-in-hand with Eugenia Hidalgo-Malacas from VESTIA to administer the program. Through the years it has grown from 250 to over 2000 foster youth who have received gifts annually from generous donors throughout Contra Costa County. Today we had Girl Scout Troops, 24 Hour Fitness, Realty Companies, Steelworkers and many other groups deliver their gifts to Grace Episcopal Church in Martinez … (4 comments)