Specializing in Pleasanton real estate, Ruby Hill real estate, San Ramon real estate, Dublin real estate and Livermore real estate, as well as homes and real estate in Alameda County and Contra Costa County.
Market Update for January 1-31, 2010
Pleasanton Real Estate
Actives: 99 detached, 32 attached. Median List Price (detached): $1,090,000; (attached): $297,450.
Pendings: 93 detached, 37 attached. Median List Price (detached): $719,000; (attached): $359,000.
Solds: 31 detached, 10 attached. Median List Price (detached): $744,950, Median Sold Price (detached): $707,000. Median List Price (attached): $428,500, Median Sold Price (attached): $428,500.
Ruby Hill Real Estate
Actives: 21 detached. Median LP: $2,199,000.
Pendings: 10 detached. Median LP: $1,949,000.
Solds: 2 detached. Median LP: $1,167,500. Median SP: $1,069,000
Short Sale ASAP - Avoid Foreclosure!
Commissions are Paid by Lenders so there is no cost to you, the Homeowner.
For a free, professional consultation to help determine the best solution to your problem,
please call 925-963-2842 or email me to set up an appointment.
Homebuyer Tax Credit Extended and Expanded
The $8,000 first-time homebuyer tax credit, which was slated to expire Nov. 30, 2009, will be extended for contracts signed before May 1, 2010 that close before July 1, 2010.
Buyers who already own a home are also now eligible for a tax credit and the purchase of a home. The $6,500 maximum credit will be available to existing homeowners who have lived in their current residence for five of the prior eight years.
Shifting Markets
...Pleasanton inventory: 180 Actives vs. 179 Pendings. Thirty of the pendings are on homes priced at $1,000,000 or more. The upper end of the market has really taken off in the last couple of months.
Monthly inventory throughout the Tri-Valley has decreased significantly, while the number of homes under contract has increased. Dublin's inventory is even less, with 81 Actives vs. 161 Pendings.
Foreclosures have slowed down because banks aren't releasing homes as quickly into the market. More high-end sales combined with fewer foreclosure sales are causing the median price to climb locally as well as in the greater Bay Area. Market Dynamics are Changing
From May 08 - May 09:
The number of new properties listed by month is down 29% in Pleasanton.
The number of homes under contract (pending) by month is up 41% in Pleasanton.
Please contact me for market stats on your city or neighborhood.Interest rates are experiencing upward pressure and are not going to stay this low indefinitely
.
Important reminder: An improvement in the economy will likely push rates higher over time, which is why it's important to take action during this opportunity of low rates.
Both buyers and sellers need to understand the strategies it takes to get the best deal in this type of market. Please contact me if you are thinking about buying or selling a home.
