Life and Real Estate in The San Ramon Valley
Archive for January, 2011
Danville Real Estate Market Watch – January 2011
January 17, 2011
Latest Full Months Statistics for San Ramon Homes – (including Blackhawk and Diablo)
(Source: MAX Contra Costa/Alameda MLS)
| Detached Single Family Homes | Condominiums, Townhomes, Others | |
| New Listings | 35 | 18 |
| New Sales Agreed | 41 | 15 |
| Closed Sales | 46 | 15 |
| Median Price (Closed Sales) |
$841,000 | $445,000 |
| Average Days on Market (Closed Sales) |
50 | 50 |
At the time of writing (January 11th, 2011) there were 142 detached single family homes for sale in Danville CA and 45 condos and townhomes etc., This represents around 3 months supply of homes of all types and would be generally considered a sellers’ market by traditional standards.
Why then, if this is the case, are we not seeing rising prices? The answer relates to appraised value. Regardless of what price a buyer is willing to pay for a home, if recent comparable sales do not support that price, a sale is unlikely to be completed.
Not withstanding all this, the current low interest rates are certainly providing a motivating force for potential home buyers and increases here are a virtual certainty in the coming months.
So while home buyers in Danville CA may be frustrated by the lack of inventory, sellers should be aware that this is a great time to list their homes for sale, particularly if they are in desirable condition and realistically priced.
Information from Fannie Mae for Home Owners Facing a "Distress" Sale
January 13, 2011
Fannie Mae has recently launched a new interactive website to help borrowers to understand their options when facing foreclosure, etc. This might be a very useful tool for people in these difficult situations and of course it should also be good for agents to share it with their clients.
Visit www.KnowYourOptions.com to check it out.
Bernard Gibbons – “The English Agent” – (925) 997-1585
bernard@bernardgibbons.com
bernard@bernardgibbons.com
www.JustSanRamonHomes.com is the complete real estate resource for home buyers and sellers in San Ramon
Bernard Gibbons, CA DRE License #01331583
J Rockcliff Realtors . 15 Railroad Avenue, Danville, CA 94526
Danville CA Real Estate Market Watch – January 2011
January 12, 2011
Latest Full Months Statistics for Danville CA Homes
(including Blackhawk and Diablo)
(including Blackhawk and Diablo)
| Detached Single Family Homes | Condominiums, Townhomes, Others | |
| New Listings | 35 | 18 |
| New Sales Agreed | 41 | 15 |
| Closed Sales | 46 | 15 |
| Median Price (Closed Sales) |
$841,000 | $445,000 |
| Average Days on Market (Closed Sales) |
50 | 50 |
At the time of writing (January 11th, 2011) there were 142 detached single family homes for sale in Danville CA and 45 condos and townhomes etc., This represents around 3 months supply of homes of all types and would be generally considered a sellers’ market by traditional standards.
Why then, if this is the case, are we not seeing rising prices? The answer relates to appraised value. Regardless of what price a buyer is willing to pay for a home, if recent comparable sales do not support that price, a sale is unlikely to be completed.
Not withstanding all this, the current low interest rates are certainly providing a motivating force for potential home buyers and increases here are a virtual certainty in the coming months.
So while home buyers in Danville CA may be frustrated by the lack of inventory, sellers should be aware that this is a great time to list their homes for sale, particularly if they are in desirable condition and realistically priced.
Bernard Gibbons – “The English Agent” – (925) 997-1585
bernard@bernardgibbons.com
bernard@bernardgibbons.com
www.JustSanRamonHomes.com is the complete real estate resource for home buyers and sellers in San Ramon
Bernard Gibbons, CA DRE License #01331583
J Rockcliff Realtors . 15 Railroad Avenue, Danville, CA 94526