Is it time to buy or sell a home?The right time to buy or sell a home is always dependent on each person's unique circumstances and needs, but market dynamics and finances are always two of the critical factors when deciding to buy or sell a home. Nationally, housing market dynamics seem to be stabilizing and we see that happening in Dublin, Danville and San Ramon. In fact, these three communities are doing better than many East Bay communities and much of the nation.<!--more-->
First, any homeowner wrestling with walking away from their home and allowing it to go into foreclosure is encouraged to read this article.
What's Happening in the Housing Industry?
The average rate on the 30-year fixed mortgage dropped to the lowest since records have been kept, creating a tempting target for people to refinance their homes. The average rate on the 30-year fixed mortgage hit 3.87 percent recently, down from 3.98 percent. No one alive has seen a 30-year rate like that!
Capital Economics expects the housing crisis to end this year - one of the main reasons: loosening credit. Credit requirements for mortgage loans have remained fairly stable for the last year - this after several years of constant change and tightening of mortgage lending standards. The most significant factor may be that many banks are starting to loosen loan-to-value ratios (LTV) - (82% LTV compared to 74% LTV 9 months ago.
Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally Financial may soon pay $25 billion to settle the robo-signing affair. Here's how the $25 billion would be distributed: $17 billion for principal reductions, $3 billion for homeowners whose homes have been foreclosed, and $5 billion for state and federal foreclosure programs.
News from the Federal Reserve
"Looking ahead, we may still need to provide more policy accommodation if the economy loses momentum or inflation remains well below 2 percent," San Francisco Fed President John Williams said in remarks prepared for delivery to the Bishop Ranch Forum in San Ramon CA. "Should that occur, restarting our program of purchasing mortgage-backed securities would likely be the best way to provide a boost to the economy."
These factors are not an indication that local housing markets are going to switch any time soon from a buyer's market to a seller's market. They will help to contribute to home value stability as downward price pressures from foreclosures and short sales interact with the dynamics of supply and demand. Right now, Danville, Dublin and San Ramon have low housing inventories and many listings are receiving multiple offers.
All of the factors and dynamics mentioned above are playing out in Danville, Dublin and San Ramon. One factor happening locally that will have a significant impact on the local real estate markets and home values is increased employment in the Bishop Ranch area. Over the next couple of years, this will be a positive contributing factor for home value stability in Dublin, Danville and San Ramon CA.
A particular question of interest for homesellers is timing - with people relocating into San Ramon, Danville and Dublin - when will supply and demand be most favorable for homeowners seeking top dollar for their home?
We're keeping a close eye on developments in Bishop Ranch and elsewhere around San Ramon, Danville and Dublin. Contact Craig to discuss optimal timing for listing your home for sale.
Craig is a Certified Short Sale Specialist. We have handled many short sales in the last 5 years - condos, townhomes, detached homes - in all price ranges. Interview the Harper Team for a potential short sale on your Danville, Dublin or San Ramon home.
Home Buyers - You can get more specific details on homes in your price range by emailing Craig and requesting a Real Estate Pricing Specific Trend Report - be sure to specify a zip code and price range.
San Ramon, Dublin and Danville Home Sellers - You can request a Real Estate Pricing Specific Trend Report for your home. Email Craig with your neighborhood and pricing info.
Local San Ramon Realtor, Craig Harper, and friends entertained over 300 guests last Friday at Crow Canyon Country Club's monthly Carvery Dinner event. Craig's band - Still Rock'N - is a composition of a number of professional and celebrity musicians who come together to provide an incredible music experience no matter what the venue. Craig & Still Rock'N were recently featured in a Contra Costa Times article.<!--more-->
I got to video the event and am now working on increasing my proficiency with video editing software which will come in handy when creating videos to help market our clients homes for sale in the Danville, Dublin and San Ramon areas.
The gig at the Crow Canyon Country Club was a knockout success, the response even surprised the organizing staff at the club. Normally the carvery night dinners attract less than 100 attendees, but last Friday saw a packed house as members and non-members enjoyed a buffet dinner, dancing and live music.
Besides Craig & Tracey, I saw at least 3 other Realtors in attendance and a couple of other mortgage brokers / loan officers besides Dennis Viers who plays bass guitar with Still Rock'N..
The event also turned into a mini family gathering for me as I brought my son in from Chicago to help with photography and my older sister and her husband drove over from Sausilito to wine, dine and dance.
We also had several of our past clients attend. When people relocate to the area, Craig and Tracey always take them to the Crow Canyon Country Club to introduce them to the facility, the staff and some members to help them get a feel for the community and begin making friends in the area.
Saturday morning Craig was back into real estate mode - rocking and rolling - with two sets of buyers looking for homes in the San Ramon area.
Home Buyers - You can get more specific details on homes in your price range by emailing Craig and requesting a Real Estate Pricing Specific Trend Report - be sure to specify a zip code and price range.
San Ramon Home Sellers - You can request a Real Estate Pricing Specific Trend Report for your home. Email Craig with your neighborhood and pricing info.
What better Christmas present for San Ramon, California than Wednesday's announcement by GE that it has chosen Bishop Ranch in San Ramon for the site of it's billion dollar technology center that will be staffed by 400 software engineers.
This present has it all - increased occupancy for Bishop Ranch, new jobs for San Ramon, new residents that will need to buy homes in San Ramon, more retail dollars spent in the area, more, more more.
GE employees moving into San Ramon will find favorable home prices in the area. With interest rates remaining at record lows and the local housing market reaching the bottom of its decline, this is a great time to biuy a home in San Ramon.
"GE could be providing one of the seedlings for a new industrial age," said Rob Enderle, a San Jose-based technology market researcher. "We will move from the current generation of unintelligent machines to ones that are interconnected and smart."
GE offered several examples of the kinds of projects that the center, which will be based at San Ramon's Bishop Ranch complex, will undertake. It might help health care providers use a web of machines and software to more quickly identify and treat ailments, assist power systems in becoming more intelligent to slash customer energy costs, or provide systems in which aircraft and locomotive engines could alert engineers about needed maintenance or repairs.
General Electric is moving into Bishop Ranch 3. These are 400 new positions for GE.
Given the amount of people from the high-tech industry that we have met over the years at Experience Unlimited and CPC's Job Connections, this may be a Christmas present of epic proportions for some of San Ramon's job seekers.
Home Buyers - You can get more specific details on homes in your price range by emailing Craig and requesting a Real Estate Pricing Specific Trend Report - be sure to specify a zip code and price range.
Today's real estate market is comprised of about 40% short sales, 20% foreclosures and 40% equity sales. Selling a home as a short sale requires patience and a Realtor or real estate team with short sale expertise. The sales process usually takes longer, there can more challenges with the sales and escrow process and the potential for client stress is greater.
Homeowners in Dublin CA thinking about selling their home as a short sale, can rely on the Harper Team to provide them with the knowledge, guidance and expertise to help them through the short sales process.
Here's what a recent client had to say about the Harper Team's short sale expertise:
Our client was so impressed with our professionalism, expertise and knowledge that she began to look deeper into Keller Williams Realty - Danville, CA. She feels confident and secure to move back to Tennessee, knowing that her real estate team and Keller Williams Realty will get the job done for her.
FREE In-Depth Real Estate Market Reports for the East Bay 680 Corridor. These are the best source of data you can get for your local market.
Email Craig if you would like to know more about buying or selling a home or condo in Alamo, Danville, Dublin, Pleasanton, San Ramon & Walnut Creek California call (925) 984-4910
San Ramon CA home sales data for zip code 94583 - current data and trend data for the last 365 days.
Looking at the MLS for zip code 94583 in San Ramon CA today, we find the following figures for detached home sales activity:
Looking at the 14 detached homes sold in San Ramon, California in the last 30 days, we see the lowest priced home was listed at $335,000, but sold for $310,000 and was on the market for 15 days. The highest priced home sold in San Ramon listed for $1,399,000, but sold for $1,360,000 after being on the market for 99 days.
The lowest Sold Price/Listing Price ratio was 83%. The highest Sold Price/Listing Price ratio was 104%. The average Sold Price/Listing Price ratio for the 14 homes sold was 94%.
One of the 14 homes sold in 0 (zero) days. 204 was the highest days on market stat. The average days on market was 59.
Home Buyers - You can get more specific details on homes in your price range by emailing Craig and requesting a Real Estate Pricing Specific Trend Report - be sure to specify a zip code and price range.
San Ramon Home Sellers - You can request a Real Estate Pricing Specific Trend Report for your home. Email Craig with your neighborhood and pricing info.
Median Sold Price for Detached Homes in San Ramon 94583
This chart shows the middle price point of a group of properties that successfully Sold (i.e. closed escrow) during the time period.Thus, half sold for more than the median price and half sold for less.
Median For Sale Price vs. Median Sold Price
This chart shows the median price of properties listed For Sale (a measurement of seller expectations) compared with the median price of properties that have successfully Sold (a reflection of buyer activity) during the time period. The difference in these two median prices speaks volumes about how buyers and sellers perceive the same set of market conditions.
Number of San Ramon 94583 Properties Sold
This chart shows the number of properties that sold (closed escrow) each month for the time period. This sales metric (#Sold properties) provides useful insight into how consumer demand is changing over time.
Click on Data Image for Full Size
San Ramon 94583 For Sale Detached Homes
This chart shows the number of properties that were For Sale each month during the time period. This sales metric provides useful insight into the overall supply of properties that exist on a monthly or quarterly basis (i.e. the competitive landscape).
Click on Data Image for Full Size
Supply & Demand
This chart shows the basic supply and demand relationships that existed each month for the time period. This combined metric (Supply & Demand) provides valuable insight into current market conditions because it reflects the collective actions of all participants (buyers and sellers).
Click on Data Image for Full Size
Month’s Supply of Inventory - Homes for Sale in San Ramon CA 94583
This chart shows the time, in months, that it would take to “sell” the remaining inventory for the month in question. This metric (Month’s Supply of Inventory) is a “one number summary” of how market supply and demand are changing from month to month.
Click on Data Image for Full Size
Home Buyers - You can get more specific details on homes in your price range by emailing Craig and requesting a Real Estate Pricing Specific Trend Report - be sure to specify a zip code and price range.
San Ramon Home Sellers - You can request a Real Estate Pricing Specific Trend Report for your home. Email Craig with your neighborhood and pricing info.
The Harper Team brings a synergy of skills and talents together that adds unique value and reduces hassles for our client. Client-Focused Team Support.
Alamo - Danville - San Ramon - Dublin - Livermore - Pleasanton, Walnut Creek, CA
Residential Real Estate Experts
When you hire The Harper Team as your Realtors:
Tracey Harper - Realtor®
Craig Harper - Realtor® / eAgent / ProManage Instructor
John Harper - Real Estate Agent / Internet Guru / Instructor-Trainer
Devon Harper – Web-designer / WebMaster / Graphic Artist
The Harper Team is a 4 -person residential real estate team that serves the communities of Alamo, Danville, Dublin, Livermore, Pleasanton, San Ramon and Walnut Creek, Califoria.
We have an incredible synergystic blend of skills, expertise and experience. We have closed over 400 escrows and work with buyers and sellers
In addition to extensive backgrounds in marketing (traditional & Internet), stong negotiating skills and in-depth familiarity with the are and local real estate markets, our team:
When you hire The Harper Team, you get a lot more than a sign in the yard!
B & B Woods, Dublin, CA
- Ron Reid, Golden Seal Inspection
- Nicole & Bob R.
- Angie T.
- John & Vicki M.
- Gary B.
- Arlene A.
- John & Gail W.
- Janey, Pete & Christopher Y.
- Mr. Lopez
- D Marieiro - Superintendent
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