The Personal Side of Real Estate

Homes for Sale in Hansen Hill and The Ridge - Dublin CA

HarperMees & Associates (Keller Williams) — Wed, 20 Jan 2010 17:47:38 -0600

Market Update for Hansen Hill and The Ridge in Dublin CA

One home closed escrow in the popular sub division Hansen Hill – The Ridge up in the hills on the Westside of Dublin. The home, a ‘short sale’ property, sold in December for the amazing price of $665,000. Here are the details:

10753 Inspiration Circle; 2936 square feet with 4 bedrooms, 3,5 baths and a 3 car garage. This ‘short sale’ was listed at $730,784, and as said, sold for $65,000 under the asking price! Did you miss out on this great deal, contact us and we will inform you as soon as another great property gets listed, many times we even know about opportunities before the homes are put up for sale.

Dublin California Homes for Sale

Two other homes went ‘sale pending’, both also ‘short sales’.

11498 Bay Laurel Street; 2697 square feet with 3 bedrooms and a 3 car garage. This ‘short sale’ home with beautiful views of the Pleasanton Valley was listed at $740,000.
10818 Inspiration Circle; 4082 square feet with 5 bedrooms, 4,5 baths and a 3 car garage was listed at $949,900.

This development has always been very popular and it shows; the three homes that were on the market all went sale pending; there are currently no active listings. A great time for anybody who is thinking of selling their home. Call Craig for a free market analysis, you can reach him at (925) 984 4910, or email him at Craig@HarperMees.com.

The Home Owners Association fee is only $78 per month which will take care of the Greenbelt.

The homes in Hansen Hill and The Ridge on the Westside of Dublin, CA range in size from 2400 square feet to 3300 square feet and were built in the late nineties and early 2000; most of the homes back to open space and/or have a beautiful views of the Valley. This community is close by I-580 and I-680, schools, shopping (Stoneridge Mall) and theaters. BART and the several business parks can be reached within 15 minutes. Silicon Valley and San Francisco are approximately 45 minutes away.

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor

Our FREE In-Depth Real Estate Market Reports updated weekly, break real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo 925-984-4910

Gale Ranch & The Bridges - Homes for Sale in San Ramon CA

HarperMees & Associates (Keller Williams) — Wed, 20 Jan 2010 17:42:05 -0600

Market Update for Gale Ranch and The Bridges in San Ramon CA

Lots of real estate activity in Gale Ranch and The Bridges in San Ramon this last month of 2009; a total of 7 homes for sale. 21 homes went ‘Sale Pending’, which is a good number compared to earlier months; many of them are ‘short sales or REO’s’. 11 homes closed escrow, more than in previous months; a positive development. Real estate is still good in this popular community.

San Ramon Homes for Sale

There are currently 7 homes for sale:

4281 Lilac Ridge Road; 2740 square feet with 4 bedrooms and 2,5 baths and a 3 car garage listed at $1,180,000.
5325 Cypress Hawk Court: 5443 square feet, 5 bedrooms, 5,5 baths and a 3 car garage listed at $1,698,000.
9327 Mediar Drive; 3039 square feet with 4 bedrooms and 3 baths is listed at $1,079,000.
606 Rosincress Court; a short sale, 3847 square feet with 5 bedrooms, 4 baths and a 3 car garage is listed at $1,299,000.
9335 Mediar Drive; 2449 square feet with 4 bedrooms, 2,5 baths and a 3 car garage is listed at $879,900.
3863 Sunrose Road; 2501 square feet with 4 bedrooms, 2,5 baths and a 2 car garage is listed at $825,000.
2102 Maidenhair Way; 1606 square feet with 3 bedrooms, 2,5 baths and a 2 car garage is listed at $549,900; this property is also a short sale.

21 homes went Sale Pending in the last month of 2009; a significant number and it is interesting to see that homes went under contract in both the lower and higher price segment. 16 of the homes that went pending are ‘short sales’ or ‘REO’s’.

A total of 11 homes closed escrow in December; I noticed that 5 of them sold within one week; again a positive sign that if you list your home at the right price it will sell quickly. Here are the details of the homes that sold:

7816 and 7644 Stoneleaf Road; both 1763 square feet condos with 2 bedrooms and 2,5 baths sold respectively for $470,000 and $485,000, both under asking price.
7139 Briza Loop; a townhome, 1462 square feet with 3 bedrooms and 2,5 baths sold over asking price at $558,000.
2111 Goldenrod Lane; 2201 square feet with 4 bedrooms and 3 baths sold for $645,000 which was slightly over asking price.
2820 Willow Bend Way; 2809 square feet with 5 bedrooms and 4 baths sold for $695,000 slightly under asking price.
2443 Basswood Drive; 2592 square feet with 3 bedrooms and 2,5 baths sold at asking price $725,000.
5881 Cattleya Way; 2449 square feet with 4 bedrooms and 2,5 baths sold just under asking price at $839,850.
5900 Lantana Way; 2449 square feet with 4 bedrooms and 2,5 baths sold at $840,000.
824 Jade Crest Drive; 2470 square feet with 3 bedrooms and 2,5 baths sold just under asking price at $875,000.
5906 Lantana Way; 3170 square feet with 5 bedrooms and 3 baths sold at $968,000 which was slightly under asking price.
2244 Britannia Drive; 3850 square feet with 4 bedrooms and 4 baths sold $55,000 under asking price at $1,060,000.

A little history; in the early 1990’s San Ramon started an impressive new home development on the east side of town. Gale Ranch and The Bridges were the first two neighborhoods that were built by Shapell Homes. Since the start of this desirable development there has been a huge demand from home buyers and not without reason. The homes are quality built with the distinctive Spanish architecture. The schools are all brand new, top rated and part of the San Ramon Valley Unified School District.

There is a 73-par Bridges Golf Course designed by Johnny Miller with beautiful views of Mount Diablo. Recently the latest addition was opened; The Plaza at Gale Ranch with numerous stores, restaurants, banks, Peets Coffee and the Safeway supermarket and gas station. For people interested in culture the Dougherty Library and Theater is close by in Windemere.

Buying in Gale Ranch, The Bridges or Windemere is a good investment; the infra structure is superb, there is a great shopping center, and the brand new schools are all top awarded and part of the San Ramon Unified School District. We notice an increasing demand from potential buyers, especially young families, for this great area.

Our team members Craig and Tracey Harper have been long time residents of San Ramon; give them a call if you are thinking of buying or selling real estate: (925) 984 4910.

Search the MLS for Homes for Sale in Gale Ranch

Search for Foreclosures I-680 Corridor

Our FREE In-Depth Real Estate Market Reports updated weekly, break San Ramon California real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo in San Ramon, CA, or call him at (925) 984 4910.

Homes for Sale in Bettencourt Ranch - Danville CA

HarperMees & Associates (Keller Williams) — Tue, 19 Jan 2010 11:20:19 -0600

Market update for Bettencourt Ranch in Danville CA - A great community!

The last month of 2009 still showed an active real estate market in the popular gated community of Bettencourt Ranch in Danville; five of the homes went ‘Sale Pending’, one home closed escrow and there are currently two homes for sale.

Danville California Homes for Sale

The homes for sale are:

135 Tenby Terrace; a short sale with 4 bedrooms, 3 baths and a 3 car garage is listed at $799,000, Light and Bright.Profesionally decorated with marbel floors through out. Vaulted ceilings in the livingroom and diningroom. Beautiful back yard and patio with gazibo, built in BBQ and spa. This home is located on a private street.
4348 Mansfield Drive; 3488 square feet with 4 bedrooms, 3 baths and a 3 car garage is listed at $1,150,000. A beautifully updated home with Brazilian teak floors, remodeled kitchen with granite counters, stainless steel appliances and lots more. An almost 13,000 square feet lot. Over $300,000 in recent upgrades!

The home that closed escrow in December is:

1138 Trowbridge Way; 3349 square feet with 4 bedrooms, 3 baths and a 3 car garage sold for $845,000 which was $30,000 under the asking price!

The neighborhood has its own Home Owners Association; the fees are only $140 a month. The HOA amenities are a pool, clubhouse, greenbelt, tennis courts and a playground.

Bettencourt Ranch was built by Castle and Dame Construction in the years 1991 - 1996 and is located off Camino Tassajara Road close to restaurants, shopping and the movie theatre at the elegant Blackhawk Shopping Center. The homes range in size from 2300 sq ft - 3700 sq ft. The local schools are all part of the San Ramon Valley Unified School District: Tassajara Hills Elementary, Diablo Vista Middle School and Monte Vista High School.

Search the MLS for Homes for Sale in Bettencourt Ranch

Search for Foreclosures I-680 Corridor

Our FREE In-Depth Real Estate Market Reports updated weekly, break Danville California real estate data down by zip code and price point. These are the best "real time" sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo in Danville, CA (925) 984 - 4910

December Housing Inventory in East Bay

HarperMees & Associates (Keller Williams) — Tue, 19 Jan 2010 11:17:27 -0600

East Bay Housing Inventory Falls 50%

The year 2009 ended with Months of Inventory being less than half of the inventory that we had in December 2008, 1.91 this December vs. 4.27 in 2008.

Danville - San Ramon California Homes for Sale

The average for the 27 communities measured was almost the same as in November, 1.93 vs. 1.91 in December. There were fifteen communities with a slight increase in Months of Inventory and twelve with a decrease. Danville, Alamo, Walnut Creek, & San Ramon averaged 2.79 in December, 2.76 in November and 6.79 in December 2008.

The market influences that were in effect in November were the same for December. In fact the last six months have been fairly constant. Historically low interest rates, as low as 4.75%, 30 year fixed conforming in December, the improvement in the availability of financing, the government incentives of up to $8,000 tax credit for first time buyers and up to $6,500 tax credit for repeat buyers, more attractive terms and increased loan limits for FHA financing have kept the demand strong and inventory low.

All current indications are that this trend will continue for a while, but industry experts and economists are expecting interest rates to rise. Higher interest rates will shrink the buyer pool and lead to some loss of activity in the market as consumers adjust to the market change. The current historically low interest rates are being held in check by the Federal government - something that cannot continue.

The opportunity is now for buyers to take advantages of these favorable factors.


Months of Inventory		12/31/2009
Community	# of Active	Pending Sales	Mos. Inventory
Danville	118	43	2.74
Alamo	76	14	5.43
Walnut Creek	182	42	4.33
San Ramon	103	73	1.41
AVERAGE	120	43	2.79

Dublin	71	44	1.61
Pleasanton	116	49	2.37
Livermore	182	84	2.17
AVERAGE	123	59	2.08

Blackhawk	46	6	7.67
Diablo	10	1	10.00
AVERAGE	28	4	7.00

Concord	197	126	1.56
Pleasant Hill	48	25	1.92
Martinez	125	35	3.57
Clayton	29	6	4.83
Rossmoor	111	21	5.29
AVERAGE	102	43	2.37

Lafayette	47	9	5.22
Orinda	36	8	4.50
Moraga	30	11	2.73
AVERAGE	38	9	4.22

Pittsburg	138	96	1.44
Antioch	194	169	1.15
Brentwood	137	114	1.20
Oakley	116	78	1.49
AVERAGE	146	114	1.28

Castro Valley	79	43	1.84
Fremont	251	122	2.06
Hayward	264	163	1.62
San Leandro	105	75	1.40
San Lorenzo	27	32	0.84
Oakland	572	292	1.96
AVERAGE	216	121	1.79

Totals	3410	1781	1.91
Average	126	66	1.91

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor

San Ramon CA 2/2 Condo w/View

HarperMees & Associates (Keller Williams) — Fri, 15 Jan 2010 14:23:08 -0600

Short Sale Condo in San Ramon California

Remodeled 2 bedroom, 2 bath Condo located in a peaceful gated community overlooking Canyon Lakes Golf.

San Ramon California Homes / Condos for Sale

Course. LOCATION...LOCATION...LOCATION with a VIEW...VIEW...VIEW!

Conveniently located in the heart of San Ramon, this beautifully remodeled condominium is within walking distance to the Canyon Lakes Golf Course, Club Sport and the soon to be constructed new San Ramon City Center. The home includes in-unit laundry room and has been updated to include crown moldings, plush carpets, contemporary cabinetry, slab granite counter-tops, dual pane windows, stainless steel appliances (refrig not included) and more. The bathroom has also been updated to include slab granite counter-top, light fixtures and tub & bath accessories. The living room, dining room and balcony have gorgeous views of the Canyon Lakes Golf Course, surrounding hills and Mount Diablo.

This pristine gated community has an “Italian Villa” ambiance that brings a peaceful and serene country feel with it...but is conveniently located near Bishop Ranch Office Park, shops, restaurants, coffee-shops, Club Sport Fitness Center and more. This popular community sits on top of the rolling hills to the east of I-680 with convenient access to the freeway yet not too close to disturb its quiet country feel. The complex features a gorgeous club house, large pool, BBQ facilities and its own fitness room with exercise equipment.

Danville California Foreclosures and Interest Rates

HarperMees & Associates (Keller Williams) — Mon, 11 Jan 2010 09:47:28 -0600

Danville CA Homes for Sale Critical Factors

Homeowners that purchased properties in 2006 with interest only loans in hopes of endless appreciation are finding their notes coming due in an unforgiving market. With home values down 15% to 30%, no off-setting appreciation and the economy reaching the point of having to deal with the debt - there is just isn't any wiggle room for these home owners.

On of the big stabilizing factors for home values is location, location, location. Established neighborhoods like Greenbrook & Shadow Hills that are located in built-out communities like Danville, California have weathered the storm better than most.

Though values are down, the fundamental integrity of established neighborhoods continues to provide better supporting value than new construction neighborhoods like some of those in San Ramon and Dublin.

Critical factors to watch in the first half of 2010 are foreclosures & interest rates. Foreclosures and short sales will continue to aggravate home sellers that aren't underwater. Rising interest rates will affect the size of the buyer pool and real estate market activity.

The best advice for residents of Greenbrook & Shadow Hills that are going to put their house on the market in 2010 is SOONER is BETTER than LATER. I doubt that it is possible to find one homeowner who benefited in the last 3 years from delaying to put their home on the market ASAP. This is not going to change in 2010.

We know what the market dynamics are today. Tomorrow is anyone's guess, but no one, I know, is expecting a significant rebound in home values.

Read Part 1: The Home Pricing Issue

Read: Part 2 – The Home Pricing Issue

Read: East Bay Housing Forecast for 2010

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor

Email Craig if you would like to know more about buying or selling a home or condo in Danville, San Ramon or the 680 corridor.

The Pricing Rules Have Changed for Homesellers

HarperMees & Associates (Keller Williams) — Mon, 11 Jan 2010 09:37:18 -0600

Setting the Home Price - Value versus Valuation

Buyers & Sellers have different points of view when it comes to the price of a home. In today's real estate environment, the questions of price and value are more challenging than ever.

The world that buyers and sellers have lived in =

zero down
low interest rates
house as ATM
flip and earn

The home-buying world that existed prior to our suspension of common sense =

significant downpayment
3% to 6% annual appreciation
use appreciation to improve property
take appreciation out on sale of home

The New World Order in Real Estate

The average home value doubled between 1/2000 and 4/2006. From 1998 to 2008 home values increased 155%.

Home values across the nation are down 26% to 30% from their highs
U.S home sales up 7.4% from a month ago (NAR)
U.S home sales down 11.3% (HUD) (do you know why these two figures are different?)
Inventory is down to 6.7 months of inventory from a high of 12-13 months of inventory
Case Schiller reports San Francisco home prices up 1.2% over September and down 37.9% from their peak.
Since the peak of 2006, 1/4 of homes are now underwater

The peak of 2006 was not the value of real estate or your home. That is a bogus number to use, because it did not reflect the true value of the property.

If we go back and look at the 30-year trend of real estate - appreciation averages about 6% nationally when adjusted for inflation - maybe 7% in the Bay Area. Between 2000 and 2006 we saw real estate double in value in the Bay Area - this could not be a true number. Price appreciation during this period reflected a frentic market being fueled by low interest rates and zero down loans. Market values were being built up without any true value underneath.

When people say, look how far the market has fallen - they are talking in figures that do not reflect a fall in REAL value.

Where are home values going to wind up? That depends on the market. If half of the value of the home represents fluff, then prices are probably going to wind up back at 2002 values. When it's all said and done, homeowners are going to wind up with tradtional appreciation of home values.

The new valuation of the market is a normal market correcting itself from the craziness of a lending market operating with no rational constraints. Depending on the market, we will see home prices settling at 1998 to 2002 price points.

Is the housing market getting better?

What is the housing market?
How do we define it?

There is no national housing market. There isn't a state market or even a county market. Real estate is always local. The housing market is what is happening in your neighborhood or the neighborhood you are looking at buying in - and whether you are buying single family home or condo. In the Danville - San Ramon area, there are probably at least 20 markets.

To know what is happening in the real estate market, we first have to define the market - location, property type, price point, distressed properties. These are the things buyers and sellers need to look at to understand what is happening with the local market:

Are listings increasing or decreasing?
What's happening with days on market - In a market with little inventory but increasing DOM, this indicates a market with overpriced homes. In markets where inventory is increasing byt DOM is decreasing houses are priced right for buyers
How have prices done? Listing Price versus Sold Price
How much did they have to come down
Who's buying properties? Homeowners or Investors - First time buyers?
Who's the Seller - homeowners or banks
What's the economic profile of the area - job market, economy, commercial property
What percentage of REOs or short sales
Does the LENDER like the market - if you can't get to the appraisal, you can't borrow

How do I know what the right price is in my market?

To answer this question, we need to talk about the difference between value and valuation. Buyers look at value one way and sellers look at it from another perspective.

Today, we have a third party involved in the value proposition and that is the banks - and behind the banks is the Federal government because the majority of loans these days involve Fannie Mae, Freedie Mac and FHA.

Sellers, typically, have an unrealistic view of value. Their opinion counts the least because:

They pick the market cycle they like
They're emotionally invovled in the price
They have either an "I Want" figure or an "I Need" figure

These three items have nothing to do with the value of property. The seller's desired price usually has little to do with the value of the property.

Buyers used to have total control of the market. They would look at properties, compare values and offer what they were willing to pay. Today, the buyer's perception of value is - there is no value because of all the foreclosures, short sales and media coverage. So, buyers are low-balling everthing because they have a misperception that everthing is over-valued and that all sellers and banks are desperate to move properties.

Many buyers still can't understand why a foreclosure that was listed by the bank for $250,000 sold for $300,000 - after all, it's a foreclosure market. True, but the foreclosure market is one of the hottest markets the East Bay has seen. It's not uncommon to hear of 10, 15 or 20 offers coming in on some listings. Some properties have had 60 or more offers within a few days of listing.

Buyers are dealing with investors willing to pay cash. An FHA loan with 3.5% down is not going to carry any weight with the bank with an all cash offer in the mix - much less 10 all cash offers bidding up the price.

In the high end of the market, buyers are turning deaf ears to sellers that think their multi-million dollar properties are immune to current market forces. Special and unique don't carry much weight in a market where a buyer can go down the street and lease a multi-million dollar home at a value-rate and wait out an obstinate seller.

When a buyer offers a seller $2.8 million for a home listed at $3 million and the offer is rejected, you can bet that in 6 to 12 months, if that house is still on the market, that buyer will be offering $2.65 million, not $2.8. The buyer's value still has significance, but it is not the key to property values in today's market.

The key to property values in today's market is valuation.

Valuation is a very strict, realistic, financial analysis of what a property should be worth - and that is what the banks are doing.

Buyers that are willing to pay all cash, can pay whatever they want for a property. Investors that pay cash are looking for the valuation of property to meet their investment criteria - which is usually low value so the property will cash flow positive. The seller's wants and needs have no impact at all on valuation.

What does the bank look at when determining home value?

Inventory
Days on Market
What properties have sold for
Number of foreclosures and short sales in the area - that area is very narrowly defined

Banks aren't looking at comps 10 miles away, 5 miles away or even 1 mile away these days. They're looking at your specific neighborhood and they are applying a specific formula that they have come up with to determine value. The banks and appraisers these days care very little about a home's updating. They want conservative, strict numbers for what is the valuation of each specific property.

The "Right Price" is going to be different for every local market. The right price in the foreclosure and short sale market depends on - who is the seller? Is the seller the bank? The bank can can set the price where they want, often times it is below current appraised value because they are looking at multiple offers as a way to bid up the price.

All of the the things sellers have been conditioned to understand as important to value - location, updates, schools, etc. - are not key to property values in most current markets. In most markets, it's the numbers that count.

Sellers can be shocked to learn that the appraiser settting the valuation on their house is from 30 or 60 miles away. This is happening everyday in Danville and San Ramon - appraisers are coming over from Daly City or Fairfield and have no clue about the "neighborhood values" in Danville and San Ramon.

It's hard numbers the bank wants and who controls the appraisal process these days? The banks (Federal governent) - surprise!

Valuation is what is determining home prices these days. Sellers can either be "In the Market" or "Out of the Market." We will discuss what sellers need to know about setting home prices in a post later this week.

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor

Email Craig if you would like to know more about buying or selling a home or condo in Danville, San Ramon or the 680 corridor.

High End Foreclosures on the Rise in Danville & Alamo

HarperMees & Associates (Keller Williams) — Thu, 17 Dec 2009 14:55:25 -0600

Short Sales & Foreclosures Are Increasing in Blackhawk, Alamo & Other High End Communities

Most, if not all, real estate experts, professionals and pundits monitoring the local housing markets in the East Bay are predicting a price correction in the high end of the East Bay housing market. Looking at recent data from the Contra Costa MLS - it appears that the correction is starting to impact high end markets like Blackhawk, Diablo, Alamo and others.

Total Active - San Ramon, Danville, Alamo = 150
Total Pending	101	40%
Pending Distressed	55	54%
45 Day Pend Distressed	21	38%
Active Non Distressed	117
Active Distressed	33	22%
Pending Non Distressed	46

Alamo
		*Distressed*
Total Inventory	104	34%
Total Active	88
Total Pending	34	33%
Pending Distressed	19	56%
45 Day Pend Distressed	12	63%
Active Non Distressed	72
Active Distressed	16	18%
Pending Non Distressed	15

Distress sales are accounting for about 70% of recent transactions in San Ramon.

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor

Our FREE In-Depth East Bay Real Estate Market Reports updated weekly, break real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.

Danville Homes for Sale - Crow Canyon Country Club

HarperMees & Associates (Keller Williams) — Thu, 17 Dec 2009 14:49:51 -0600

Market Update for Crow Canyon Country Club in Danville

The Real Estate business in Crow Canyon Country Club was a little slower in November than the month before; there were still a total of 17 homes on the market; 4 of them went ‘Sale Pending’ and only 2 properties closed escrow. The homes that sold were:

620 St George Rd; an REO (bank owned), 1948 square feet with 4 bedrooms and 2 baths sold for $621,000, over asking price.
1940 Rancho Verde Circle; also an REO; a townhome, 1553 square feet with 3 bedrooms and 2 baths closed at asking price $459,000.

There are currently 11 homes for sale in Crow Canyon:

1826 St George is a short sale; 2137 square feet with 4 bedrooms and 2,5 baths listed at the amazing price of $559,999; at this price it should sell quickly.
548 Rolling Hills Ln; 2268 square feet with 4 bedrooms and 2,5 baths listed at $849,000.
1887 Saint Norbert Dr.; 2880 square feet with 4 bedrooms, 3 baths and a 3 car garage; this largest Crow Canyon model is listed at $949,000. This home is in Crow Canyon Estates.
863 Saint George Road; 2197 square feet with 4 bedrooms. 2,5 baths and a 3 car garage is listed at $699,000.
512 Cambrian Way; 1553 square feet with 3 bedrooms and 2 baths is listed at $610,000.
1923 Rancho Verde: 1553 square with 3 bedrooms and 2 baths is listed at $524,999.
579 Cambrian Way; 1650 square feet with 3 bedrooms and 2 baths is listed at $639,000.
2005 Rancho Verde; 1364 square feet with 2 bedrooms and 2 baths is listed at $395,000.
525 Rolling Hills: 1364 square feet with 2 bedrooms and 2 baths is listed at $472,000.
1916 Rancho Verde:; 1436 square feet with 2 bedrooms and 2 baths is listed at $475,000.
791 Saint George Road; 1865 square feet with 3 bedrooms and 2 baths is listed at $850,000.

Crow Canyon Country Club is a gated community with 24/7 security service and a great place to live for young and old. It offers mature landscaping, including greenbelts and the golf-course; there are multiple swimming pools and a driving range.

CCCC is part of the San Ramon Valley Unified School District; close by are Greenbrook Elementary School and Charlotte Wood Middle School. It is located close by I680, shopping and the Iron Horse Trail.

With great views of Mount Diablo, Crow Canyon Country Club is a family oriented Club with activities scheduled for the entire family. There is an 18-hole golf course, 13 lighted tennis courts; a junior Olympic size swimming pool heated year-round, a state-of-the-art fitness center, an aerobics center, fine dining, a casual dining bar and grill, and a child care center. The crow Canyon Country Club swim team, the Sea Lions, have been County Champions for the last four years in a row! If you have children who love to swim this is the club to be; our son has been member of the swim team for the last four years. We have been Club-members for many years now and we love spending time there with our friends.

Let us know if you would like to become a member; we would love to introduce you to the great CCCC-staff. Don’t miss the Christmas celebrations at the Club; Santa Claus will show up in person to meet with all the families, a great tradition.

Search the MLS for Homes for Sale in Crow Canyon Country Club

Search for Foreclosures I-680 Corridor

Our FREE In-Depth Real Estate Market Reports updated weekly, break Dublin California real estate data down by zip code and price point. These are the best "real time" sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo in Dublin, CA (925) 984-4910

November 2009 Easgt Bay Housing Inventory

HarperMees & Associates (Keller Williams) — Mon, 14 Dec 2009 18:42:54 -0600

East Bay Housing Inventory

The Months of Inventory is up slightly from October, +14%, 0.24 month, but remains relatively low at 1.93 compared to 1.68 on October.

Seventeen communities had an increase in Months of Inventory and ten had a decrease. Other comparisons November 2008 was 4.59, November 2007 12.84, and November 2006 6.60.

The same market forces that have resulted in low levels of inventory for about six months are still in effect. In addition to foreclosures and short sales, fixed interest rates at historical lows currently 4.75% for thirty year fixed conforming loans and government incentives with up to $8,000 tax credit for first time buyers and $6,500 for repeat buyers are also putting pressure on inventory levels.

Market activity has definitely picked up with frequent multiple offers on homes below the $600,000 price level.

Months of Inventory - 11/30/2009
Community	# of Active	Pending Sales	Mos. Inventory
Danville	148	56	2.64
Alamo	95	17	5.59
Walnut Creek	197	50	3.94
San Ramon	123	80	1.54
AVERAGE	141	51	2.76

Dublin	80	57	1.40
Pleasanton	144	51	2.82
Livermore	160	101	1.58
AVERAGE	128	70	1.83

Blackhawk	50	7	7.14
Diablo	15	1	15.00
AVERAGE	33	4	8.25

Concord	188	125	1.50
Pleasant Hill	52	28	1.86
Martinez	125	42	2.98
Clayton	33	11	3.00
Rossmoor	137	27	5.07
AVERAGE	107	47	2.28

Lafayette	60	11	5.45
Orinda	52	15	3.47
Moraga	40	12	3.33
AVERAGE	51	13	3.92

Pittsburg	121	122	0.99
Antioch	197	184	1.07
Brentwood	167	105	1.59
Oakley	130	73	1.78
AVERAGE	154	121	1.27

Castro Valley	89	58	1.53
Fremont	275	148	1.86
Hayward	267	154	1.73
San Leandro	122	87	1.40
San Lorenzo	40	25	1.60
Oakland	702	328	2.14
AVERAGE	249	133	1.87

Total (not incl. avgs)	3809	1978	1.93
Average	141	73	1.93

Search the MLS for Homes for Sale

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.

San Ramon California Homes for Sale - Twin Creeks

HarperMees & Associates (Keller Williams) — Thu, 10 Dec 2009 16:14:59 -0600

Twin Creeks - San Ramon CA - Homes for Sale

Good activity this last month in Twin Creeks; there were 15 homes for sale: 8 properties went ‘Sale Pending’ and 1 home closed escrow. Many people still try to get in a home before the end of the year which explains all the activity in this great neighborhood.

San Ramon California Homes for Sale

Twin Creeks on the Westside of I680 is one of the largest and most popular residential areas in San Ramon. The neighborhood has some 1500 homes and is situated in between San Ramon Valley Boulevard (parallel to I680), Crow Canyon Road and Bollinger Canyon Road.

Most of the homes are built by Dame starting in the late 1960’s and continuing into the next decades. There is a wide variety of homes: condominiums, townhomes, duets and single family homes ranging from 1200-3000 square feet. The variety in lot sizes, wide streets, greenbelts and mature landscaping attracted a lot of home buyers over the years. Twin Creeks is part of the San Ramon Unified School District and offers top rated school. The area is close to shopping, restaurants, a movie theatre and the I680 freeway.

There is always a lot of real estate activity going on in this area; we see people moving into Twincreeks, others sell their smaller home and move up to a bigger home in the same neighborhood.

There are currently 6 homes for sale in the Twin Creek area, 2 townhomes, 1 condo and 3 detached homes:

2621 Fountainhead Drive: a town-home; 1276 square feet with 3 bedrooms and 1,5 bath is listed at $324,998.
491 Carillo Court; a condo with 1200 square feet, 3 bedrooms, 1,5 bath is listed at $329,900.
617 Guaymas Ct. This 1965 square feet town-home with 4 bedrooms and 2,5 baths is listed at $474,000. A good size townhome with fresh carpet and paint. This home is away from the busy streets and easy distance to the community pool. A lot of home for the money.
300 Alora is a short sale. 1587 square feet with 3 bedrooms and 2 baths has just been reduced at $559,000.
2647 Celaya Circle; a short sale; 2029 square feet with 4 bedrooms and 3 baths listed at $629,000. A great opportunity!
3849 Aragon Lane is listed at $855,000; 2585 sq.ft., 4 bedrooms, 3 baths and a 3 car garage. Spacious home on a large 12,100 sq.ft. lot. Great cul de sac location. Large flat backyard with beautiful pool.

1 single family home closed escrow in the last month:

65 Trailview Court: an REO (bank-owned) with 1972 square feet, 3 bedrooms and 3 baths sold at $585,000 which was $36,000 over asking price!

Our team-members Craig and Tracey Harper have been longtime residents of San Ramon and are Residential Real Estate experts in the area. If you are thinking of buying or selling real estate contact Craig or Tracey at Harper Mees and Associates.

Search the MLS for Homes for Sale in Twin Creeks

Search for Foreclosures I-680 Corridor

Email Craig if you would like to know more about buying or selling a home or condo in San Ramon, CA

3/2 Short Sale - Livermore California

HarperMees & Associates (Keller Williams) — Thu, 10 Dec 2009 16:08:03 -0600

3 Bedroom 2 Bath Home for Sale - Livermore California

$298,000 - Subject to Lender Approval

Quiet Street! Great Neighborhood!

Livermore CA Hmes for Sale

Spacious 3 bedroom 2 bath 1,224 sq/ft home in excellent move-in condition! Bright living room with beautiful fireplace & mantle, separate dining area, spacious kitchen, & huge Master Bedroom Suite.

Large 6,649 sq/ft lot close to parks, easy access to freeway, shopping, & restaurants.

Livermore CA Short Sale
4167 Torrey Pine Way, Livermore, CA 94550
	Quiet Street! Great Neighborhood! Spacious 3 bedroom 2 bath 1,224 sq/ft home in excellent move-in condition! Bright living room with beautiful fireplace & mantle, separate dining area, spacious kitchen, & huge Master Bedroom Suite. Large 6,649 sq/ft lot close to parks, easy access to freeway, shopping, & restaurants. (800) 816-4974 x 3050
Click to View Show
Details		Contact Info
Asking Price: MLS: Sq. Feet: Lot Size: Bedrooms: Bathrooms: # of Floors: Garage Size:	298,000 40441345 1224 6649 3 2 1 2		Rodney Kennedy Dir (925) 918-1147 Email \| Website Other Shows
Property Amenities
- Range/Oven - Sink Disposal	- Fireplace - Patio	- Grass Lawn - Central A/C

Search the MLS for Homes for Sale

Email Rodney if you would like to know more about buying or selling a home or condo (925) 918-1147

Danville - San Ramon California Home Prices

HarperMees & Associates (Keller Williams) — Wed, 09 Dec 2009 10:46:56 -0600

Foreclosures & Short Sales Continue to Affect Home Prices in San Ramon and Danville California

The chart below compares the median home prices in the 4 zip codes for Danville and San Ramon, CA. We see the median price in the Blackhawk and Windemere/Gale Ranch areas faring better than 94583 and 94526.

Here is a chart comparing the Market Action Index in Danville and San Ramon. We see that the Gale Ranch/Windemere area is the hottest market at the moment - lots of short sales and foreclosures fueling the action in this market.

Our team members Craig and Tracey Harper have been long time residents of Danville & San Ramon; give them a call if you are thinking of buying or selling real estate: (925) 984 4910.

Search the MLS for Homes for Sale

Search for Foreclosures I-680 Corridor

Email Craig if you would like to know more about buying or selling a home or condo in San Ramon, CA (925) 984-4910

East Bay California 2010 Real Estate

HarperMees & Associates (Keller Williams) — Wed, 09 Dec 2009 10:43:19 -0600

Critical Factors Influencing East Bay Real Estate in 2010

Rising Interest Rates
High End Price Correction
Split Market Continues
FHA Rule Changes
High Levels of Foreclosures
New Breed of Investor
Tax Credit & Loan Modifications Fail

According to most of the pundits and professionals involved in real estate in California's East Bay communities, there are 7 critical factors that will influence the local real estate markets in 2010. We have videos from:

Leslie Appleton-Young, Vice President and Chief Economist for the California Association of REALTORS® (C.A.R.)
Carole Rodoni is the former President and COO of Alain Pinel Realtors and a Bay Area real estate maven
A panel discussion with 3 East Bay real estate brokers

Items of Interest

The California Association of REALTORS is predicting a reduction of over 50,000 licensed real estate agents by the end of 2010.
Medium "net cash" to sellers in 2005 was $220,640 - in 2009 (October) it is $50,000
33% of sellers are reporting a cash loss
In 2004, 70% of sellers said they were going to repurchase. In 2009 it is less than 40%

A Review of California Real Estate in 2009

Forget about what you think you know about the real restate market. Forget the national data and the big media stories - GET LOCAL Real Estate Data - it's the only market that matters. According to the professionals above and our peers associated with the local real estate markets here are the critical factors that will influence the East Bay housing market in 2010:

East Bay Split Housing Market Continues

Like many other areas of California and the U.S., the East Bay has a split housing market. On the one hand we have the sector of the market that is dominated by foreclosures and short sales. This is the segment priced under $500K. On the other hand is the market above $500K where more traditional factors are affecting buying and selling.

At the lower end of the market are buyers looking for great deals and investors gobbling up properties that can produce positive cash flow from the get-go. Buyers, especially first time buyers, looking for steals and deals are becoming more and more frustrated as multiple offers continue to dominate the transaction process in this hyper-active segment of the market.

Cash is King in this real estate market sector. Investors with cash have the upper hand. First time buyers trying to get a home with FHA financing and minimum down are finding out the reality of the market, for them, is - make your best offer first - in this multiple offer market, there is no room for counter offers. Over 50% of transactions in the East Bay are seeing multiple offers. Sales price is higher than asking price in this market segment due to multiple offers.

The sweet spot in the market for REALTORS is the market segment between $500K and $900K. This is what you might consider a normal market. Sellers in this market segment are seeing prices stabilize but, the buyer pool is fairly lethargic and the appraisal process is anything but sane. Sellers in this market segment that really want to sell their East Bay home need to have it priced in the bottom third of the price range and in the top third of the "appeal" range.

Value Perception in the Upper End of the Market

This split housing market will continue through 2010.

Interest Rates Will Rise

Interest rates and inflation are the big concern for real estate in 2010.

Everyone - and I mean everyone - is expecting interest rates to rise. The Fed will stop buying mortgage backed securities in 2010 and mortgage interest rates will rise. Many think we will see this as early as March or April. Others think it will be more toward the 3rd quarter. Yet, they all agree - interest rates will rise.

In 2010, it will take buyers a while to realize that the wonder days of 5% interest rates were a historical anomaly. There will be a smaller buyer pool while we wait for reality to set in - the same situation we saw with sellers in 2007 with home prices. There is no waiting out this market - unless you have 5 to 10 years. If you need to buy or sell in 2010, find a professional that will explain current local market conditions. Our local market reports are updated weekly and break data down by price point and zip code.

Buyers counting on 5% interest rates need to get serious sooner than later. Sellers thinking of waiting until Spring to put their homes on the market, should rethink their strategy. Higher interest rates and a smaller buyer pool will mean more time on the market for most home sellers.

FHA Rule Changes

The FHA, Freddie Mac and Fannie Mae are in trouble. Increased foreclosure levels, the economy and the extended recovery time are taking their toll. Consequently, these agencies continue to change their lending rules and guidelines to deal with the reality of insufficient cash reserves and debt-to-equity ratio. Often, the initial rule changes do not seem to be well thought out as they have a significant negative impact on the home buying process and market activity - something that needs support not undermining.

Over 75% of first time buyers use FHA loans. 2010 will see continued reworking and tuning of FHA guidelines

High-end Price Correction

3 Problems for High-End Market

Shrinking Buyer Pool
Foreclosures & Short Sales
Buyer Value Perception

Foreclosures, higher interest rates, a smaller buyer pool, buyers willing to lease and unemployment will be big factors in the upper end of the housing market in 2010.

Continued Elevated Levels of Foreclosures

52% of homes that closed escrow in 2008 were REOs - foreclosures.

According to a recent C.A.R. poll - 21% of buyers did not understand the terms of their loans. That is a sad statement, but how many people read the fine print in anything. Even if we did, can we really understand it? Are we meant to? All the more reason to work with experienced, professional real estate agents that have established reputations.

Many first time buyers are looking for turn key foreclosures - move-in ready, no sweat equity required. At the lower end of the market? Get real - talk to a few REALTORS and go look at a few foreclosures. People losing their homes are angry and many are taking it out on the home as a way of "getting even" with the bank.

Elevated levels of foreclosures will continue through 2010 in the East Bay. Don't expect a tsunami - rather a continuous flow. New to the mix will be more foreclosures in the upper end of the market. Look for rising a price point on foreclosures in the lower end of the market.

New Breed of Real Estate Investor in 2010

Real estate investor activity is up 50% over 2008 levels and cash is king.

While we deal with the continued cleanup of the subprime melt down, the economy continues to struggle and banks are under more and more pressure to clean up their balance sheets. All of this is helping to create the perfect conditions for a new breed of real estate investor in 2010 - the $100 million plus investment pool. These funds are not going to deal with REALTORS, they are going to deal directly with the big banks and asset managers. They're going to buy hundreds of properties at a time and they will be more concerned about the note than the condition of the property.

This will lead to "buyer shock" for many. The data will continue to show elevated levels of foreclosures, but many REOs will never get to the market as these investment funds gobble them up. This factor helps to increase buyer frustration in the lower end of the market.

Homebuyer Tax Credit Fails

Rising interest rates will take the shine off the extended tax credit in 2010. Interest rates are a much more significant factor in purchasing a home than a one-time tax incentive. Homebuyers need to get serious sooner than later with purchasing a home so their tax credit has the maximum impact on their home purchase situation.

Loan Modifications

Over 80% of loan modifications will fail. This is according to the professionals that are actually doing loan modifications. See this post about an email exchange between an asset manager at one of the big 4 banks and a mortgage broker friend.

Why are banks and the Federal Government pushing loan modifications that they know will ultimately fail. Could they be trying to milk homeowners of all the money they can get out of them before the inevitable foreclosure? Is this just a delay tactic to spread the foreclosure process out to give the economic recovery a little more breathing room?

The U.S. Treasury is reporting that 25% of loan modifications made by the Federal government programs are now in trouble. This in spite of the fact that the loan modification, on average, reduced mortgage payments by 40%. (12/5/09)

Whatever the answer is, homeowners in trouble need to talk with their attorney, real estate professional and CPA to decide on the correct course of action. If the house can't be saved, why should anyone give a homeowner false hope - better to deal with realty and move life through the mess and into better possibilities in the future.

Search the MLS for Homes for Sale

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.

Danville California Foreclosures

HarperMees & Associates (Keller Williams) — Mon, 07 Dec 2009 11:57:37 -0600

Foreclosed Homes for Sale - Danville CA

The number of bank-owned (REO) and short sale properties is increasing in Danville; this month there is a total of 95 properties on the market. 74 homes are listed as a short sale and 21 homes are REO’s. 4 of them are condos, 2 duets, 20 townhomes and a surprising 69 properties are single family homes.

Danville California Foreclosures/REOs

When we look at the price break down, homes are offered at any price level including homes that are listed over $1,000,000.

The lowest price is a 2 bedroom and 1,5 baths listed at $169,000. When you are interested in buying a single family home and getting your children in a great school district the entry level prices are starting at $500,000 and there about 40 homes for sale in the $600-$700-$800k’s, many of them with 4 or 5 bedrooms and over 3000 square feet. This is a great time to buy if you are thinking of moving up or when you plan to move from for instance Fremont or San Jose.

Between $1,000,000 and $1,600,000 there are 11 homes for sale, several are over 4000 square feet.

The savvy and patient buyer can find some great deals but you have to act quickly. Just to give you an idea, out of these 95 homes there are currently only 27 posted active for sale. Danville is a great place to live and has a lot to offer; beautiful kept neighborhoods, parks, roads and schools. For many years the home prices in this town went through the roof and therefore out of reach for many people. With the foreclosure wave that is going on right now and will continue in 2010 you have a great opportunity to become part of this wonderful community or find yourself a bigger home. At Harper Mees and Associates we have a team of professional Realtors that can help you with all your real estate needs; let's get together and discuss what we can do for you!

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910

Homes for Sale in Greenbrook - Danville California

HarperMees & Associates (Keller Williams) — Mon, 07 Dec 2009 11:51:16 -0600

Market update for Greenbrook Danville - Homes for Sale

Towards the end of the year real estate slows down; people don’t like to have their home on the market over the Holidays unless the home is vacant. If we compare the real estate activities in Greenbrook in November with the previous months there is indeed a slowdown, although several homes closed escrow or went ‘sale pending’ in the last month. Since Greenbrook is one of the most popular neighborhoods in Danville there is always demand. A total of eleven homes are for sale; four homes went ‘Sale Pending’, one of them a ‘short sale’. One home could put a ‘Sold’ sign in their front yard and there are currently still six homes for sale.

In the lower price point there are currently 4 townhomes marked as Active in Greenbrook Townhomes. Greenbrook Townhomes is attractive as a ‘starter neighborhood’ with great HOA facilities and access to Greenbrook Elementary School and Charlotte Wood Middleschool; both at walking distance. The four Active homes vary in size; there is a choice between 3/2 and 4/2 (bedroom/baths); the 2/2 went sale pending.

Greenbrook - Danville California Homes for Sale

There are only two Active detached homes for sale in Greenbrook:

59 Mustang Court, 2431 square feet, 5 bedrooms, 2,5 bath, 3 car garage, reduced at $839,000. Gorgeous remodeled home with end of court location and huge 12000 sq ft lot. Beautiful kitchen with granite counters, recessed lighting and crown molding throughout. Custom cabinets, surround sound, walk-in wine storage, sports court and much more. Walk to elementary and middle schools.
1635 Harlan Drive, 2002 square feet, 4 bedrooms, 2 baths, 3 car garage, priced at $860,000: Gorgeous home with thousands of dollars in upgrades including kitchen and baths. Spacious rooms, large landscaped yards with sprinkler systems and many fruit trees. Attached three car garage. The most sought after and desirable location in Danville.

Three homes went Sale Pending in October:

142 Burgess Court was listed at $688,000, this one is a ‘Short Sale’
1606 Saint David; 1760 square feet, 3 bedrooms, 2 baths and a 2 car garage, it was listed at $675,000.
396 Saint Norbert Drive; 1969 square feet, 3 bedrooms, 2,5 baths, was listed at $768,000 and went sale pending in 10 days!

One detached home closed escrow in the last four weeks:

219 Waterman Circle: 2308 square feet with 4 bedrooms, 2,5 baths and a 2 car garage sold for $850,000 and this is $19,000 under the asking price. This home sold in just a few days.

Greenbrook is a very popular neighborhood with its mature landscaping, bigger homes and good size lots. The neighborhood is situated in the San Ramon Valley Unified School District with two top rated schools, Greenbrook Elementary School and Charlotte Wood Middle School. It is close to I680, shopping and the Iron Horse Trail.

Greenbrook has an amazing Home Owners Association with a clubhouse, large pool, play ground, barbecues, volleyball court and tennis courts. It is an active association with many social activities, including a neighborhood tennis competition. The HOA dues are $768 for a year!

We have been home owners and active at the local schools for over 10 years; we know the area and more important we know the homes and their owners. Greenbrook is a family oriented neighborhood. When you are planning to move or to relocate into the area call us and we will help you to find your home in this great neighborhood.

Keep an eye out for Rodney and Stacy Kennedy who will be in your neighborhood to personally meet you. Rodney and Stacy are great new additions to our Harper Mees and Associates team; they will be active in Shadow Hills and Greenbrook. You can also give them a call if you would like to set up an appointment and discuss your real estate needs; our office phone number is (925) 855 6410.

Click here for a map of current Homes for Sale in Greenbrook – Danville, CA

Search for Foreclosures I-680 Corridor

Our FREE In-Depth Real Estate Market Reports updated weekly, break Danville California real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo in Danville, CA (925) 984-4910

Economic Indicators Are Every Which Way But Loose in Housing Market

HarperMees & Associates (Keller Williams) — Sun, 06 Dec 2009 08:00:52 -0600

Which Way is Up in Real Estate?

The Financial Times says: We must get ready for a weak-dollar world Great article - give it a read.

Fox Business News reports: Fed Officials Play Down Impact of Weak Dollar

Fox Business News also reports: Business Economists Raise 2010 Growth Outlook & New Home Sales Rise to Highest Level in More Than a Year & 30-Year Mortgage Rates Fall to Record Low

What does this mean for Danville, San Ramon, Dublin and Pleasanton California?

In case you haven't caught the news, home loan rates have done it again, dropping to their lowest level...ever. Not only has the 30 Year Fixed rate returned to its lowest all time level, rates across the board are at their lowest levels.

Yes, that means, go ahead and choose your flavor – 30 Fixed, 15 Fixed, 5/1 ARM or 1/1 ARM – all loan types hit their lowest levels of the year! For the weekly Freddie Mac survey of all lenders, this is the first time that all have been at their lowest level.

Rates are artificially low! Last November, the Fed put into place a program to lower rates. That program though is nearing its end, as the Federal Reserve has purchased over $1 Trillion of mortgage backed securities this year and with less than 20% of allocated funds left in the program, rates are sure to increase. The only questions remaining are by how much and when.

Interest Rates Are Going to Rise - If you are thinking of buying or selling Now is the Time - Why? Because you know what the situation is today.

When interest rates rise it will totally change the affordability equation for buyers. For sellers it will mean the buyer pool we shrink and market activity will slow until consumers realize that the days of 5% mortgages are gone - for a very long time.

Search the MLS for Homes for Sale in Danville, Dublin, San Ramon, Pleasanton, Livermore

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor (Danville, San Ramon, Walnut Creek, Pleasanton, Dublin)

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.

Homes for Sale in Danville California - Shadow Hills

HarperMees & Associates (Keller Williams) — Sun, 06 Dec 2009 07:45:17 -0600

Market Update for Shadow Hills in Danville CA

In the last month there were three homes for sale in the popular neighborhood of Shadow Hills in Danville

Danville CA Homes for Sale

Just listed and sale pending within 1 week : 505 Zita Court which is located higher up on the hills. It is 2660 square feet with 4 bedrooms, 2,5 baths with a 3 car garage on a 18,000 square feet lot. Listed at $899,000. It has a secluded, large, flat, entertainer's back yard. Suite off master could be 5th bedroom. Boat parking, sports court, spa. Large second story deck with great views and access from master. Great court location near green belts.

1049 Alicante Drive just had a price reduction of $50,000, 2660 square feet, a 5 bedroom, 2,5 bath, 3 car garage home listed at $849,900. A great corner home with lots of potential. Call us and let’s make an offer; I guarantee we can negotiate on this one; it has been on the market for months and unfortunately the seller started out too high and is now chasing the market.

200 Lowel Court, 1984 square feet, a 4 bedroom, 2,5 bath, 2 car garage home just closed escrow at $815,000. This listing is a charming, updated home with fresh interior paint, new carpeting, white kitchen cabinets, dual pane windows, cozy family room with amazing views of the huge back yard and the Westside Hills. This home is situated on a quiet court and great neighborhood.

Shadow Hills was built by Dame between 1975 and 1978 and is located off El Capitan Drive. The homes range in size from 1700 sq ft - 2600 sq ft. Many of the homes were built on courts with amazing views and/or back to open space. Tranquility and nature are both guaranteed ingredients for a wonderful outdoor Californian lifestyle in this wonderful neighborhood.

The Home Owner’s Association dues are $100 per quarter. The HOA offers a clubhouse, greenbelt, pool, play ground and tennis courts. The association is very active with all kinds of social events for adults and children.

Keep an eye out for Rodney and Stacy Kennedy who will be in your neighborhood to personally meet you. Rodney and Stacy are great new additions to our Harper Mees and Associates team; they will be active in Shadow Hills and Greenbrook. You can also give them a call if you would like to set up an appointment and discus your real estate needs; our office phone number is (925) 855 6410.

Click here for a map of current Homes for Sale in Greenbrook – Danville, CA

Search for Foreclosures I-680 Corridor

Email Craig if you would like to know more about buying or selling a home or condo in Danville, CA .

Selling Homes in Danville California

HarperMees & Associates (Keller Williams) — Wed, 02 Dec 2009 12:49:19 -0600

Why the Internet is Important for Selling Homes in Danville, CA

74.1% of U.S. consumers are on the Internet. Over 94% of buyers searching for a new home use the Internet to search for their new home. About 40% of home buyers in 2009 purchased a home they found on the Internet.

If you are thinking of selling a home in Danville, California one of the best decisions you can make is to use a local Danville Realtor that is an expert in Internet marketing.

Harper Mees & Associates is a team of real estate professionals in Danville, CA that has a fulltime Internet marketing expert working fulltime to get Harper Mees' clients homes massive exposure on the Internet.

Five days after posting our latest client's home on the Danville area MLS our team has created a ton of Internet exposure for the property. A Google result shows 2860 search results for the property.

This is not what you can expect from the average real estate agent in Danville, CA. This is not bragging - it's reality.

If you are considering selling your home in Danville, California - please consider including us in the list of Danville real estate agents you interview for the job of helping you to sell your home.

Click here for a map of current Homes for Sale in Danville, CA

Email Craig if you would like to know more about buying or selling a home or condo in Danville, CA (925) 984-4910.

RainCamp SFO

HarperMees & Associates (Keller Williams) — Wed, 02 Dec 2009 10:20:30 -0600

Early morning at RainCamp in San Francisco

Cathy Lee, Nate ellis, Ryan, Jill and I left the East Bay early today and got to RainCamp early enough to get a power outlet for the computers.

8:44 Room is Filling Up

San Ramon California 2/2 Condo is NOT a Short Sale or REO

HarperMees & Associates (Keller Williams) — Sun, 29 Nov 2009 11:21:15 -0600

End Unit Condo in San Ramon CA

Not a Short Sale or REO

San Ramon CA 2/2 Condo - No Short Sale
112-D Compton Circle, San Ramon, CA 94583
	Quick Close – Move Right In Spacious 2 bedroom 2 bath condo in excellent move-in condition. Large living room with fireplace, separate dining area, kitchen with pass through counter, refrigerator included, in-unit laundry room, newer furnace, dual pane windows. Within easy walking distance to shopping, restaurants, movie theaters and transportation. More Info - (800) 816-4974 Ext. 3002
Click to View Show
Details		Contact Info
Asking Price: MLS: Sq. Feet: Bedrooms: Bathrooms:	259,000 40440141 995 2 2		Craig Harper Dir (925) 855-6410 Email \| Website Other Shows
Property Amenities
- Range/Oven - Sink Disposal	- Microwave	- Dishwasher
Community Amenities
- Covered parking	- Swimming Pool(s)

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.

Statistics & Reports

MLS Trends Updated weekly – Shows Active Listings vs. Pending Sales
Free Market Reports Updated weekly – by zip code & price point
Market Snap Shot Current sales activity & selling price

San Ramon California Homes for Sale - Windemere

HarperMees & Associates (Keller Williams) — Mon, 16 Nov 2009 12:39:05 -0600

October Update on Homes For Sale in Windemere San Ramon

Lots of activity in the popular community of Windemere in San Ramon. In October there were a total of 93 homes on the market; 14 of the homes could put a ‘SOLD’-sign in their front yard; 64 homes went ‘Sale Pending’; 49 of these homes were ‘short sales’.

San Ramon Real Estate Info

There are currently 15 homes for sale; 3 of them are brand new listings. Out of the 93 homes there are only 14 townhomes with different floor plans you can choose from; from $425,000 for a 1600 square feet home, up to $580,000 for almost 2500 square feet, plus they are all brand new or just a few years old. If you are thinking of ‘moving up’ or if you are for instance planning to move from the South Bay, San Jose or Fremont, now is the time to buy; there are some great opportunities to buy a newer, large home in a superb community with top awarded schools. Here are some examples:

6637 Aberdale Circle in Windemere is an REO (bank-owned) property; 2062 square feet with 4 bedrooms, 2 baths and a 2 car garage, priced at $624,900.
2556 McLaren Lane is another REO, 1775 square feet with 3 bedrooms and 2,5 baths plus a 2 car garage, listed at $579,900.
2914 Langhorne, a short sale, 2403 square feet with 4 bedrooms and 3 baths, listed at $739,000.
2293 Keats Lane, 2194 square feet with 4 bedrooms and 2,5 baths, listed at $749,950.
575 Karina Court, a short sale in Windemere, 3542 square feet, with 4 bedrooms and 3,5 baths, a 3 car garage and listed at only $800,000.
1236 Halifax Way, a short sale, 3256 square feet with 4 bedrooms, 4 baths and a 3 car garage listed at $800,000.
658 Karina Court, a short sale, 3757 square feet with 5 bedrooms, 4 baths and a 2 car garage listed at $800,000.
6268 Murdock Way, 3544 square feet with 4 bedrooms, 3,5 baths and a 3 car garage listed at $920,000.
2380 Baker Way, 2597 square feet with 4 bedrooms, 3,5 baths and a 2 car garage listed at $939,688.
219 Tewksbury Court, 4610 square feet with 5 bedrooms, 4,5 baths and a 3 car garage, listed at $1,039,950.
2726 Piccadilly Circle, 3752 square feet with 5 bedrooms, 3,5 baths and a 3 car garage listed at $1,050,900.
7888 Kennard Lane, 4202 square feet with 5 bedrooms, 4,5 baths and a 3 car garage listed at $1,127,840.

Windemere in San Ramon is one of the largest new residential communities in the Bay Area tucked away in the scenic San Ramon Valley with views of Mount Diablo. Windemere has easy connections to wherever you need to be throughout the Bay Area; the community enjoys convenient access to I-680 via Bollinger Canyon Road and to I-580 via Dougherty Road. Bishop Ranch Business Park, Hacienda Business Park and the Dublin/Pleasanton BART station are all close by. Windemere has been designed to allow people to have opportunities to play, socialize, learn and explore.

Amenities like neighborhoods, schools, libraries, parks, trails and open space are being completed in concert with the new home neighborhoods. All brand new schools are part of the San Ramon Unified School. Close by in The Bridges there is a 73-par Bridges Golf Course designed by Johnny Miller with beautiful views of Mount Diablo. Recently the latest addition was opened; The Plaza at Gale Ranch with numerous stores, restaurants, banks, Peets Coffee and the Safeway supermarket and gas station. For people interested in culture the Dougherty Library and Theater offers a wide variety of cultural events.

Search the MLS for Homes for Sale in Windemere

Search for Foreclosures I-680 Corridor

Our FREE In-Depth Real Estate Market Reports updated weekly, break San Ramon California real estate data down by zip code and price point. These are the best "real time" sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo in San Ramon, CA (925) 984-4910.

San Ramon California Homes for Sale - Dublin Ranch

HarperMees & Associates (Keller Williams) — Mon, 16 Nov 2009 12:34:23 -0600

Dublin Ranch Market Update - Homes for Sale

Incredible opportunities for buyers right now in Dublin Ranch; this new development on the east side of Dublin offers many REO (bank-owned) or short sale properties for sale.

San Ramon Real Estate Info

This last month there were a total of 65 homes on the market. Lots of activity on the real estate market which shows with 27 Sale Pending properties and 14 homes that closed escrow. Currently there are 24 homes for sale: 19 condo’s or townhomes starting at $345,000 for a 1428 square feet, 2 bedroom, 2 baths condo all the way up to $749,995 for a condo with 3012 square feet, 4 bedrooms, 3,5 baths and a 3 car garage. There are only 5 detached homes for sale:

5779 Shadow Hill Drive; a short sale, 2013 square feet with 4 bedrooms, 2,5 baths and a 2 car garage listed at $601,000
6174 Shadow Hill Drive; 1862 square feet with 3 bedrooms, 2,5 baths and a 2 car garage listed at $615,000.
5135 Hinsdale Court; 2192 square feet with 4 bedrooms, 2,5 baths listed at $629,000.
3198 Madden Way: a short sale, 3370 square feet with 4 bedrooms, 3,5 baths and a 2 car garage listed at $830,000.
5916 Kingsmill Terrace: an REO (bank-owned), 5038 square feet, 5 bedrooms, 5,5 baths and a 3 car garage listed at $1,099,900. This home sits on a 9375 square feet lot and has great views of the valley. A great price for this amazing home!

Dublin Ranch is a relatively new community that has been developed in the last ten years. Well renowned builders like Toll Brothers, Shea Homes, Standard Pacific, Centex Homes and Brookfield Homes have built this master-plan on the east side of Dublin. Dublin Ranch with close to 20,000 residents offers the community a great infra structure, several (sports) parks, shopping, restaurants, and a movie theatre. As a resident you have easy access to I580 and I680, BART and several business parks within 15 minutes. Silicon Valley and San Francisco are less than 45 minutes away.

Fallon Middle School has been open for two years and Green Elementary opened last fall. Both schools are thriving with excellent staff, teachers, test scores and parent participation. Dublin Ranch Golf course is a public course designed by Robert Trent Jones and is a par 63. The course features rolling hills and valleys with views of Mt Diablo and Livermore Valley. There is a bar, restaurant and banquet room. The Promenade at Dublin Ranch is planned right in the heart of the community.

The current master-plan for Dublin Ranch consists of over 6,300 homes. Higher density residences clustered around The Promenade provide a significant core of dedicated customers within a short and comfortable walking distance.

A great growing community that has a lot to offer; whether you are in the market for a condo/townhome or a single family home, new or resale, our team at Harper Mees and Associates will find the right property for you.

Search the MLS for Homes for Sale in Dublin Ranch

Search for Foreclosures I-680 Corridor

Email Craig if you would like to know more about buying or selling a home or condo in Dublin, CA (925) 984-4910.

Homebuyer Tax Credit Update

HarperMees & Associates (Keller Williams) — Sun, 08 Nov 2009 11:09:44 -0600

Tax Credit Updated and Extended

On November 6, 2009, President Obama signed a bill to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010. The bill also opens up opportunities for others who are not buying a home for the first time. To learn what the new tax credit means to you and your clients, take a look at the concise overview below. In addition, we’ve put together a script featuring wording you can cut and paste as needed to beat out your competition by connecting with clients who may be able to benefit from the new plan details.

Danville / San Ramon Real Estate

TAX CREDIT OVERVIEW Who Gets What? First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000 Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount. Current Owners: The tax credit program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years. Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

What are the New Deadlines? In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.

What are the Income Caps? The amount of income someone can earn and qualify for the full amount of the credit has been increased. Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible. Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

What is the Maximum Purchase Price? Qualifying buyers may purchase a property with a maximum sale price of $800,000.

What is a Tax Credit? A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed. Unlike the tax credit that existed in 2008, this credit does not require repayment unless the home, at any time in the first 36 months of ownership, is no longer an individual’s primary residence.

How Much are First-Time Homebuyers (FTHB) Eligible to Receive? An eligible homebuyer may request from the IRS a tax credit of up to $8,000 or 10% of the purchase price for a home. If the amount of the home purchased is $75,000, the maximum amount the credit can be is $7,500. If the amount of the home purchased is $100,000, the amount of the credit may not exceed $8,000.

Who is Eligible fort FTHB Tax Credit? Anyone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title, is eligible. This applies both to single taxpayers and married couples. In the case where there is a married couple, if either spouse has owned a primary residence in the last 36 months, neither would qualify. In the case where an individual has owned property that has not been a primary residence, such as a second home or investment property, that individual would be eligible. As mentioned above, the tax credit has been expanded so that existing homeowners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years are now eligible for a tax credit of up to $6,500.

How Much are Current Home Owners Eligible to Receive? The tax credit program includes a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Can Homebuyers Claim the Tax Credit in Advance of Purchasing a Property? No, the IRS has recently begun prosecuting people who have claimed credits where a purchase had not taken place.

Can a Taxpayer Claim a Credit if the Property is Purchased from a Seller with Seller Financing and the Seller Retains Title to the Property? Yes, in situations where the buyer purchases the property, even though the seller retains legal title, the taxpayer may file for the credit. Some examples of this would include a land contract or a contract for deed. According to the IRS, factors that would demonstrate the ownership of the property would include:

Right of possession
Right to obtain legal title upon full payment of the purchase price
Right to construct improvements
Obligation to pay property taxes
Risk of loss,
Responsibility to insure the property
Duty to maintain the property

Are There Other Restrictions to Taking the FTHB Credit? Yes. According to the IRS, if any of the following describe a homebuyer’s situation, a credit would not be due:

They buy the home from a close relative. This includes a spouse, parent, grandparent, child or grandchild.
They do not use the home as your principal residence.
They sell their home before the end of the year.
They are a nonresident alien.
They are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.)
Their home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)
They owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2008, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2005, through July 1, 2008.

Search the MLS for Homes for Sale Search for Foreclosures in Contra Costa County East Search for

Foreclosures I-680 Corridor Our FREE In-Depth Real Estate Market Reports updated weekly, break real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.

Shadow Hills Homes for Sale

HarperMees & Associates (Keller Williams) — Sun, 08 Nov 2009 01:30:57 -0600

Home Sales Update for Shadow Hills for October

Danville California Real Estate

In the last month there were four homes for sale in the popular neighborhood of Shadow Hills in Danville

Shadow Hills Real Estate

505 Zita Court is a brand new home for sale; this property is located higher up on the hills. It is 2660 square feet with 4 bedrooms, 2,5 baths with a 3 car garage on a 18,000 square feet lot. Listed at $899,000. You will love this secluded, large, flat, entertainer's back yard. Suite off master could be 5th bedroom. Boat parking, sports court, spa. Large second story deck with great views and access from master. Great court location near green belts. Home & pest inspections are available.

1049 Alicante Drive, 2660 square feet, a 5 bedroom, 2,5 bath, 3 car garage home listed at $899,900. A great corner home with lots of potential. Call us and let’s make an offer; I guarantee we can negotiate on this one; it has been on the market for months and unfortunately the seller started out too high and is now chasing the market.

200 Lowel Court, 1984 square feet, a 4 bedroom, 2,5 bath, 2 car garage home went ‘Sale Pending’ and was listed at $839,500. This listing is a charming, updated home with fresh interior paint, new carpeting, white kitchen cabinets, dual pane windows, cozy family room with amazing views of the huge back yard and the Westside Hills. This home is situated on a quiet court and great neighborhood.

One home closed escrow; this REO was a great deal for the condition and location of this home: 305 Borica Drive, 2660 square feet, 4 bedroom, 2,5 bath, 3 car garage, home listed at $724,200 and sold for $710,000.

Search for Foreclosures I-680 Corridor

The Personal Side of Real Estate

Homes for Sale in Hansen Hill and The Ridge - Dublin CA

Market Update for Hansen Hill and The Ridge in Dublin CA

Gale Ranch & The Bridges - Homes for Sale in San Ramon CA

Homes for Sale in Bettencourt Ranch - Danville CA

Market update for Bettencourt Ranch in Danville CA - A great community!

December Housing Inventory in East Bay

East Bay Housing Inventory Falls 50%

San Ramon CA 2/2 Condo w/View

Short Sale Condo in San Ramon California

Danville California Foreclosures and Interest Rates

Danville CA Homes for Sale Critical Factors

The Pricing Rules Have Changed for Homesellers

Setting the Home Price - Value versus Valuation

The New World Order in Real Estate

How do I know what the right price is in my market?

The key to property values in today's market is valuation.

What does the bank look at when determining home value?

High End Foreclosures on the Rise in Danville & Alamo

Short Sales & Foreclosures Are Increasing in Blackhawk, Alamo & Other High End Communities

Danville Homes for Sale - Crow Canyon Country Club

Market Update for Crow Canyon Country Club in Danville

November 2009 Easgt Bay Housing Inventory

East Bay Housing Inventory

San Ramon California Homes for Sale - Twin Creeks

Twin Creeks - San Ramon CA - Homes for Sale

3/2 Short Sale - Livermore California

3 Bedroom 2 Bath Home for Sale - Livermore California

Danville - San Ramon California Home Prices

Foreclosures & Short Sales Continue to Affect Home Prices in San Ramon and Danville California

East Bay California 2010 Real Estate

Critical Factors Influencing East Bay Real Estate in 2010

East Bay Split Housing Market Continues

Interest Rates Will Rise

FHA Rule Changes

High-end Price Correction

Continued Elevated Levels of Foreclosures

New Breed of Real Estate Investor in 2010

Homebuyer Tax Credit Fails

Loan Modifications

Danville California Foreclosures

Foreclosed Homes for Sale - Danville CA

Homes for Sale in Greenbrook - Danville California

Market update for Greenbrook Danville - Homes for Sale

Economic Indicators Are Every Which Way But Loose in Housing Market

Which Way is Up in Real Estate?

Homes for Sale in Danville California - Shadow Hills

Market Update for Shadow Hills in Danville CA

Selling Homes in Danville California

Why the Internet is Important for Selling Homes in Danville, CA

RainCamp SFO

San Ramon California 2/2 Condo is NOT a Short Sale or REO

End Unit Condo in San Ramon CA

Not a Short Sale or REO

Statistics & Reports

San Ramon California Homes for Sale - Windemere

October Update on Homes For Sale in Windemere San Ramon

San Ramon California Homes for Sale - Dublin Ranch

Dublin Ranch Market Update - Homes for Sale

Homebuyer Tax Credit Update

Tax Credit Updated and Extended

Shadow Hills Homes for Sale

Home Sales Update for Shadow Hills for October

Click here for a map of current Homes for Sale in Shadow Hills - Danville, CA