The real estate market continues to both confuse and surprise consumers. Sales have been dramatically up recently in the period from May 16th through June 15th, and they have been since April. Our J. Rockcliff Corporate Office reports that in the period from May 16th through June 15th Walnut Creek sales were up 33%, Lafayette 40%, San Ramon 32%, Livermore 18%, Blackhawk 14%, and Pleasanton is up 54%! The entire region saw a 16% jump in sales. Combine that with a listing inventory reduction of 14% and you have a climate that can provide opportunities for potential sellers. Zack and I can bear those statistics out as we are having our best year as a team with 28 sales in the first half of 2009. So, can we call this a seller's market? It really depends on the price range. The $300,000 price range in Concord and the $500,000 price range in Walnut Creek for instance are strong seller's markets with numerous multiple offer transactions. If you go over the million dollar mark in Walnut Creek, Danville and Alamo and you have a buyer's market with plenty of available inventory. Put two and two together and you can see that suddenly opportunities are opening up for move-up buyers who can sell in a more friendly climate, take their equity and purchase an upper end home at a steep discount. It is true that today's real estate consumers have to deal with a skittish stock market, lousy but expected unemployment figures, and news media stories of the Bernie Madoff Scam Artist types. But make no mistake, with interest rates of around 5% these are the best of times for buyers and for sellers who are also buyers!
The Torrey Team, Pete and Zack Torrey, have been selling homes in the area of Hidden Lakes in Martinez to satisfied customers since the 1970s. We believe Hidden Lakes is arguably the best "bang for buck" in the East Bay. The Hidden Lakes Community is bordered by the 62 acre Hidden Valley Park offering hiking, biking, fishing and numerous outdoor activities, because of the mild climate. It is located in Martinez on the Pleasant Hill border. Security Owners Corporation headed up by James Busby built Hidden Lakes in the 1970s and 1980s as part of a 1500 home master planned community in what was then called "Muir Country." Homeowners love the wonderful family atmosphere and the excellent schools nearby including Hidden Valley Elementary School, Valley View Middle and College Park High School. Highly -ranked Diablo Valley Junior College is just minutes from your door. Sun Valley Mall, shopping and all commute routes are all easily accessible.
To learn more about the Torrey Team and the community of Hidden Lakes visit www.TheTorreyTeam.com
The Torrey Team has sold between 500 and one thousand Northgate homes to satisfied customers since 1977. While we have moved many people out of the area due to job transfers, we have also moved many of the same folks back. Let us show and tell you why we chose to raise our families here and why we love it so much:
The Northgate area of Walnut Creek is located at the eastern border of the city in the Mt. Diablo foothills. It is named for the northern entry into Mt. Diablo State Park. The area is characterized generally by homeowners who are interested in good schools, safe neighborhoods, and family values. Most of the homes were built in the 1950s, 60s and 70s by Scott and Ball, Permabuilt, Falender, and Eichler. Harold Smith followed by Standard Pacific built the upscale Rancho Paraiso development in the 1990s. The Northgate area gets more than 300 days a year of sunshine with an average yearly temperature of 60 degrees. Residents love the warm days and cool evenings. People from all over the world have been attracted by the life-style and the great locale near shopping, commute routes, BART, excellent schools, and great outdoor activities. Hiking, Biking, Heather Farms Park and Pool, Boundary Oaks Golf, Valley Vista Tennis Clubs and much more are minutes from your door.
For more information about the Northgate Area and Pete and Zack Torrey visit: www.thenorthgatetrianglenews.com
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