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pleasant hill real estate: What's Happening in Today's Market - 09/22/09 03:04 PM
Prices are definitely stabilizing somewhat in all local areas. As you can see from the chart below, all of these areas saw an increase in median price from the 1st quarter to the 2nd quarter of this year. It's the first time since 2006 there has been a quarter to quarter increase in median price. Does that mean that home prices are increasing? No, the more likely explanation is that sales of higher priced homes that were sitting for longer periods of time are now beginning to sell. Combine that with the dramatic uptick in activity in some of the lower … (0 comments)
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pleasant hill real estate: What's Happening in Today's Market - 05/04/09 07:02 PM
We're now about 3 years past what turned out to be the height of the real estate market bubble. In the higher priced areas, the number of sales remains down from a few years ago. In Walnut Creek, for example, the number of sales in the first quarter of 2009 is down 32% from the same period in 2006. What is notable though, is the number of sales in lower priced areas like Concord, Martinez, and especially Antioch & Brentwood. The number of sales in those areas is dramatically higher than we've seen in quite some time. The reason for all … (0 comments)
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pleasant hill real estate: Staging is becoming a joke to some buyers - 04/21/09 07:06 PM
I remember the first time I had a home staged. It was 2001, and I was having trouble getting a nice vacant home sold. I thought that if we furnished it, and tastefully decorated it, the space would be more well defined, and easier for buyers to comprehend the floor plan and mentally move their things in. It worked well. The home sold within a few weeks after staging it. It was the first of many sucess stories I had with staging properties. By 2003, all my listings were being staged in some way, and in 2004, I actually had a … (0 comments)
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pleasant hill real estate: Sellers waiting for the market bottom to sell? - 04/21/09 05:58 PM
I've had the conversation with many a prospective home seller over the past 3 years. They'd like to sell, but don't want to do so in a "bad" market. They're going to sit it out and wait for the market to "turn around".
I'm always a bit baffled when I hear that. The reality is that even when our real estate market does bottom out, it's highly unlikely that we're going to see a quick turnaround in prices that will make them quickly rise to anywhere near the levels we saw at the height of the market in 2005/2006. Most people … (0 comments)
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pleasant hill real estate: What's Happening in Today's Market? - 02/17/09 04:10 PM
In many local areas, the number of home sales was up in the 4th quarter from the same period last year, somewhat of a surprise given the economic climate. There are two factors contributing to the increase in sales. The first is price. The areas that have seen the highest growth in sales are also the ones that have seen the greatest price declines. Secondly, interest rates reached long-term lows again in the 4th quarter, nearing 5% for a conforming fixed rate loan. Despite the increase in activity over last year, all areas saw price declines.
The silver lining in our market … (0 comments)
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pleasant hill real estate: What's Happening in Today's Market - 08/15/08 01:12 AM
Sales remain consistently slower in most parts of Contra Costa County, while prices have continued to decline, although at a somewhat slower rate. While foreclosures have dominated East County, and even parts of Concord, they remain relatively infrequent in the central areas of Walnut Creek, Lafayette, and Pleasant Hill. Overall, in Walnut Creek, sales in the second quarter of 2008 are down just slightly, although the median price has declined about 12% in Walnut Creek from the same period a year ago. Concord, on the other hand, has seen a dramatic increase in homes sales over the same period last year, mainly … (0 comments)
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pleasant hill real estate: Central Contra Costa 2nd Quarter Real Estate Sales Statistics - 08/15/08 01:10 AM
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