What a year 2009 was for real estate!!!! And for the real estate market in Pleasanton it was no exception!!!
Now that the statistics for the whole year have been compiled, it is interesting too see how the market for homes in Pleasanton behaved in 2009.
They say a "picture is worth a thousand words", and as you can see in the following graphs we had an incredible year in Pleasanton real estate .
If you are thinking of buying or selling this year, please give me a call. I can help make sense of everything that is happening in the real estate market, and provide you with the "big picture". There is NO obligation, please contact me today!
With the proliferation of bank owned properties (REO's) and "short sales", there has been a lot of interest among buyers to purchase these properties and hold them as investments. Namely, rent them out to others.
Great idea!! Renting is a fine way of building wealth, since the renter pays quite a bit, and depending on how much money you put as downpayment, it could be all your monthly expenses (mortgage, insurance, taxes, etc). Sure, there are the occasional headaches of dealing with tenants and maintenance issues, but these can be mitigated with good planning and procedures.
I have purchased and managed investment rental properties for myself and for clients for over 12 years and I know first hand what great wealth generators they are.
Over the last year or so, many clients have been asking about purchasing REO's or "short sale" properties. Since I live in Pleasanton, many are asking about purchasing single family homes that are REO's or "short sales" in Pleasanton, for investment purposes.
But, just because a home is an REO or a "short sale", that alone does not an investment property make!!
I personally prefer multiple units. Why? Consider these 3 facts:
1) If you have a single unit (1 house, or 1 condo etc) and your tenant moves out, you have 100% vacancy! Hopefully you have enough reserves to pay the mortgage till you find the next tenant. If you have say a 4-plex, and one tenant moves out, you have 25% vacancy, and the other 3 tenants pay for the mortgage.
2) Single family homes in Pleasanton start at about $500,000. At $2,200 per month in rent (for the average 1,300 square foot home), your yearly "gross income" would be: $26,400
I recently sold a 4-plex in San Jose to an investor for $670,000. The property is located at 563 Troy, near Saratoga Avenue and Stevens Creek. The property generates $4,276 per month, or $51,312 of "gross income" per year. Much, much better return!!!! Yes, you can buy a home in Pleasanton for $670,000, but you cannot rent it for $4,200!!!
3) Your per "unit cost", in Pleasanton would be: $500K for the single family home. With the above 4-plex as an example it would be: $670,000 / 4 = $167,500. Much, much better!!!
Yes, you can buy a condo in Pleasanton for $170,000 (actually there is one for sale on Arroyo Dr for that much), but you have to spent $237 per month on HOA fees alone. There goes your profits!!!
So, I will definately buy a home in Pleasanton to live in it!!! It is a wonderful community, but don't be fooled into thinking that because a house is bank owned or "short sale" in Pleasanton, it is an "investment".
I have more insightful facts about investment properties, and if you are thinking of purchasing one, I can help with selection, running the numbers, valuation, buying, selling and managing.
By the way, here is the 4-plex at 563 Troy. Sold on December 17, 2009 for $670,000.
Nahid Monahelis, Realtor Windermere Real Estate 925-216-9380
The Hoildays always make me smile, and sometimes it is the little things that do it!
I was walking on Main street in Pleasanton, right by the "Pleasanton" arch sign. The air had a chill in it, the Holiday decorations were up on the lamp posts and lit, people were walking with their winter coats on, and it created an atmosphere that brought back childhood memories of how exciting it was. And it still is!!!
I snapped a picture of the way it is in Pleasanton, December 2, 2009. Happy Holidays!!
Pleasanton Real Estate rocks!!! Many buyers continue to flock to Pleasanton to purchase their first home, and many residents of Pleasanton that decide to sell, instead of moving out they decide to move up and stay here! This was the case for the seller of this beautiful home in Pleasanton's Belvedere subdivision. Homes and especially those priced under $800K, continue to sell well in Pleasanton. I recently represented the seller of this beautiful, upgraded home, built by Toohey homes and very convenient to eveything! It sold in 21 days! The home was listed for $669K and received multiple offers.
This home is convenient to highway 580, the Dublin/Pleasanton BART station, the Mohr Elementary school, shopping, and everything that Pleasanton has to offer!
Please contact me with any questions or if you need any details about this home.
To view all of the homes currently for sale in the Pleasanton Meadows and Belvedere neighborhood please visit:
Sales activity has been quite good in the Pleasanton Meadows neighborhood since June of 2009!! So far 14 homes have been sold, 2 are pending and 3 are active on the market. For the most part homes in Pleasanton Meadows are not staying on the market for too long, on average homes are on the market for under a month. There are a few exceptions of course where the homes are staying on the market longer!!
Prices are holding well and even the "bargain list priced" home at 3410 Stacey Way, went for over $550K!!!!!
Please feel free to contact me with any questions about homes and real estate in the Pleasanton Meadows neighborhood. To view all the homes currently on the market in Pleasanton Meadows please visit: www.nahidsellsre.com/Pleasanton_Meadows_Homes_and_Real_Estate.html
To view all the homes in Pleasanton, Dublin, San Ramon, Danville, Livermore please visit: www.nahidsellsre.com
Nahid Monahelis, Realtor 925.216.9380
PLEASANTON MEADOWS REAL ESTATE MARKET UPDATE, OCTOBER 2009
Homes in Pleasanton, especially those priced under $800K, continue to sell well. I recently represented the seller of this beautiful, upgraded home, built by K&B Homes (CA Somerset), and within walking distance to the Fairlands Park.
This home is convenient to highway 580, the Dublin/Pleasanton BART station, the Fairlands Elementary school, shopping, and everything that Pleasanton has to offer!
The home was priced at $649K and received several offers. It sold for very close to the asking price and closed in June of 2009.
Please contact me with any questions or if you need any details about this home.
To view a virtual tour of this home, please visit:
Homes in Pleasanton, especially those priced under $800K, continue to sell well. I recently represented the seller of this beautiful, remodeled home in the Pleasanton Meadows neighborhood, and within walking distance to the Fairlands Elementary school.
The home was priced at $569K and received a total of 10 offers, and went pending in just 6 days!! It sold for over $600K, and closed in August of 2009.
Please contact me with any questions or if you need details about this home.
To view all of the homes currently for sale in the Pleasanton Meadows neighborhood please visit:
These were the news at the national level, but a little bit closer to my hometown of Pleasanton California, as I keep tabs at the Real Estate market (and please note that every Real Estate market is local), I look for every "clue" and indication of how the Real Estate market here is doing.
An interesting trend has emerged in the last few months, as I look at the Multiple Listing Service (MLS) for Pleasanton, I have noticed that quite a few agents have started to make it a point to note on the MLS that the home they have listed is "not a short sale or REO".
Part of the reason of course is so that it cuts down the number of phone calls to the agent asking: "is this a short sale or reo?", but part of the reason is also the fact that there is not that many short sales or REO's in Pleasanton! Another positive sign on the economic horizon? Only time will tell...
Meanwhile, I will be bringing a home on the market soon. By the way, it is not a short sale or REO!!
To view every home on the market in Pleasanton (updated every 30 minutes) please visit my websites:
It is very interesting! We humans give just the right names to areas (like "long beach", it IS a looong beach!!!) or neighborhoods, and then the names just stick because they make perfect sense.
Such is the case with "The Gates" neighborhood in Pleasanton California. From Fort McHenry on the East coast to the Sutter's Fort right here in California the streets in the neighborhood are named after historic military forts (McHenry Gate, Sutter Gate, Laramie Gate, etc).
Pleasanton has beautiful homes and neighborhoods, and "The Gates" is no exception. It is located on the North part of the town, within easy proximity to Highways 580 and 680 and the Dublin/Pleasanton BART station. The homes in "The Gates" neighborhood of Pleasanton were mostly built in the early 1970's, with the last homes built around 1986.
"The Gates" neighborhood is very popular because of its central location just off of Santa Rita road, and access to transportation, shopping, and the excellent schools of Pleasanton. Homes in the neighborhood are in the $700K to $1MM range.
Homes in "The Gates" neighborhood are well kept and quite a few of the homes have been remodeled.
To view all the homes available for sale in Pleasanton please visit my website. I update the information from the MLS with all the current listings in Pleasanton and the surrounding area every 30 minutes, so no "stale" information on listings here!!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
and many residents of Pleasanton that decide to sell, instead of moving out they decide to move up and stay here! This was the case for the seller of this beautiful home in Pleasanton's Belvedere subdivision. Homes and especially those priced under $800K, continue to sell well in Pleasanton. I recently represented the seller of this beautiful, upgraded home, built by Toohey homes and very convenient to eveything! It sold in 21 days! The home was listed for $669K and received multiple offers.
the seller of this beautiful, upgraded home, built by K&B Homes (CA Somerset), and within walking distance to the Fairlands Park.
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