High End of Housing Market will Feel the Pressure in 2010

By John | Published: August 9, 2009

Bay Area Real Estate Pundit Says High End of Housing Market is Going to Get Hit

San Ramon Valley & Tri Valley Months of Inventory

Months of Inventory continues to decline as the average for July 2009 wasÂ 1.77 months compared to 4.60 month in July of last year.

This year June was 2.00, May was 1.96, and April was 1.99.Â Three quarters of East Bay communities showed declines in months of inventory from June to July.Â The pattern in the market continues as it has for a number of months with some increase in pending sales.

Months of InventoryÂ Â – Â Â 5/31/2009
Community	Active	Pending Sales	Inventory
Danville	231	51	4.53
Alamo	137	11	12.45
Walnut Creek	264	72	3.67
San Ramon	224	148	1.51
Dublin	89	91	0.98
Pleasanton	248	64	3.88
Livermore	234	133	1.76
Blackhawk	91	6	15.17
Diablo	16	1	16.00
Concord	244	234	1.04
Pleasant Hill	78	29	2.69
Martinez	130	80	1.63

We see the high-end neighborhoods with the highest months of inventory. Not good news for homeonwers with homes over $2 million who want to sell. Many experts are predicting that the high-end of the market will experience foreclosures and short sales in the coming 18 months.

According to Carole Rodoni, Bay Area real estate expert, this will result in downward pricing pressure on high-end homes and many more leases instead of sales.

Our FREE In-Depth Real Estate Market Reports updated weekly, break data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Contact Craig for more information – 925-984-4910

Months of InventoryÂ Â – Â Â 5/31/2009
Community	Active	Pending Sales	Inventory
Danville	231	51	4.53
Alamo	137	11	12.45
Walnut Creek	264	72	3.67
San Ramon	224	148	1.51
Dublin	89	91	0.98
Pleasanton	248	64	3.88
Livermore	234	133	1.76
Blackhawk	91	6	15.17
Diablo	16	1	16.00
Concord	244	234	1.04
Pleasant Hill	78	29	2.69
Martinez	130	80	1.63