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walnut creek homes for sale: 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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walnut creek homes for sale: 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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walnut creek homes for sale: 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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walnut creek homes for sale: Some Homeowners Coming To Terms With Market Realities - 02/17/09 04:03 PM
In July, 2008, a Zillow.com survey found that only 38% of homeowners across the country thought the value of their homes had declined in the past year. In a more recent survey they conducted in January, that number has risen to 57% of homeowners that now believe their home's value had declined. Still, there is a lot of disbelief out there, as the reality is that almost all homes have lost value (in some areas, significantly) in the last year. Additionally, the same survey found that 70% of homeowners surveyed believed that the value of their homes would either increase or stay the … (0 comments)
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walnut creek homes for sale: Staging® – The good, the bad and the ugly - 07/22/08 05:44 PM
Staging® has become the "in" thing to do in real estate sales. HGTV© spends endless episodes on the subject, and many staging® companies and designers cropping up, as well as many real estate agents marketing themselves as staging® experts. I'm in many houses with prospective buyers, and I can tell you first hand that what starts with good intentions of making a home more appealing, can easily backfire and become a distraction to potential buyers. Staging® is truly an art, one that when done well subconsciously pulls potential buyers in by creating a warmth and feeling of comfort to the space. … (0 comments)
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