Foreclosure Sales in Pleasanton California

• 9 Bank Owned Properties sold in October
• 4 Detached homes ($495K to $1.6 million) Average days on market = 32
• 5 Condos/Townhomes ($245K to $510K)

Current Real Estate in Pleasanton MLS

• 284 Active Listings
• 17 REO/Foreclosures
• 8 Condos/Townhomes
• 9 Detached homes
• 78 Pending Sales
• 18 REOs / Foreclosures pending sale
• 9 Condo/Townhomes
• 9 Detached single family homes

The MLS Trends for Pleasanton , show Pending Sales (green line) and Active Listings (blue line) trending down.

 Get our FREE In-Depth Marekt reports - updated weekly, breaking data down by zip code and price point.

Contact Ginny for Pleasanton California Real Estate Information (925) 699-3328

Real Estate Stats for San Ramon California

• 19 Bank Owned Properties (REOs) sold in October
• 12 Detached homes ($300K to $1.6 million) Average Days on Market = 39
• 7 Condos/Townhomes ($212K to $520K)
• 21 REOs Foreclosures currently pending
• 5 Condos/Townhouses ($292K to ($612K)
• 16 Detached single family homes ($$450K to $1 million)

Total MLS Inventory for San Ramon California

• 299 - Active Listings
  122 - Pending Sales

REOs / Foreclosures

• 37 Bank Owned Properties
• 12 Condos/Townhomes
• 25 Single Family Homes

Looking at the MLS Trends for San Ramon, we see Pending Sales (green line) declining while Active Listings (blue line) are trending up. From January through July, active and pending were trending up. San Ramon does not have a glut of foreclosures to help boost pending sales like Antioch and Brentwood. The median home price for San Ramon in August was $700K a 13% decine over August 2007.

 Get our FREE In-Depth Marekt reports - updated weekly, breaking data down by zip code and price point.

Contact Craig for more information – (925) 984–4910

Foreclosures and REOs in Dublin CA

• 16 REOs (bank owned properties - foreclosures)
• 8 Single family detached homes ($380K to $919K)
• 8 Condos/Duets/Townhomes (($305K to $415K)
• Average of 50 Days on Market

Dublin CA Foreclosures for Sale

• 19 Foreclosures pending sale
• 11 Condos/Townhouses
• 8 Single family detached homes

Dublin is an active market for first time homebuyers. With many discounted new condos and a large inventory of foreclosures and short sales to choose from, first time home buyers are returning to the Dublin CA real estate market.

The convenience of BART, new schools, abundant shopping and the 580/680 interchange make Dublin an attractive location to first time homebuyers. More upgrades are in the works for Dublin – Whole Foods, IKEA, and…

ClubSport is interested in building a facility in the new Promenade shopping center at Dublin Boulevard and Grafton Street. The city's Planning Commission will discuss the merits of the fitness club's application during a study session meeting tonight. No decision will be made at the meeting. The plans call for three buildings. The first would be designed to look like a "Main Street" building that developed over time and will house the fitness center, group exercise rooms, pool, spa facilities, aerobics rooms, spa treatment rooms, offices, locker rooms and a cafe that will be open to the public.

Looking at the MLS Trend Chart for Dublin California, we see active listings (blue line) have been declining since August of 2007. Pending sales (green line) were trending up most of 2008, but have recently begun to trend down.

The MLS Trends for Dublin, California are very different than the trends for surrounding communities. The reasons for this are the number of new construction homes being discounted by builders and the larger number of foreclosures on the Dublin real estate market. It’s a great time to take advantage of the favorable homebuyer dynamics and purchase a home in Dublin.

Contact Craig for more information – (925) 984–4910

Walnut Creek California Homes for Sale

Recent data shows that 59% of all homes sold in Contra Costa County (October) were REOs (bank owned properties, foreclosures).

Foreclosure Home Sales in Walnut Creek CA

• 15 Bank Owned Properties (REOs - Foreclosures)
• 5 Single Family Homes ($480K to $591K) Average Days on Market = 13
• 10 Condos/Townhomes ($149K to $470K)

11 more bank owned properties in Walnut Creek are under contract pending sales (5 condos/townhomes - 6 single family detached homes)

Walnut Creek CA Inventory of Foreclosure Homes for Sale

• 22 REOs (foreclosures)
• 11 Condos/Townhomes/Duets
• 11 Detached Single Family Homes

Here is a graph showing the total Active Listings (260) versus all Pending Sales (101) listed on the MLS for Walnut Creek. The blue line is Walnut Creek active listings and the green line pending sales. The current trend, active listings and pending sales trending down is normal for this time of year.

We may see a more active market in December and January than normal, because we expect an increase in foreclosures entering the Walnut Creek real estate market.

Get our FREE In-Depth Marekt reports - updated weekly, breaking data down by zip code and price point.

 Contact Paul for more information on Walnut Creek, California (925) 963-4246

Real Estate Investors May Soon Have to Compete with County and City Governments for Bank Owned Properties

Savvy real estate investors entered the market several months ago to begin gobbling up prime REOs (bank owned properties). Many investors are taking a 5 to 7 year hold strategy on the foreclosures they are buying.

And why not? The East Bay rental market is still on solid ground. Families being displaced by foreclosures have to go somewhere and many of them are “hopscotching” into homes that were foreclosed on months ago and are now being leased.

Many foreclosure homeowners had no problem with their original mortgage payments of $1500 to $2200 a month. But when their ARM reset and their payments increased $500 to $1000 a month, many just could not find the money to make those higher payments. Leasing a rehabilitated bank owned property at the same rate as their previous mortgage payment is a no-brainer for many of these homeowners.

Some investor groups are putting significant down payments on REOs they are buying to bring the leased properties into a positive cash flow position so they can ride the market to better days.

Antioch & Brentwood, California represent two of the most active markets for investors. Betting that the real estate market will recover enough in 5 to 7 years, they are hoping to more than triple their investments. Antioch & Brentwood are positioned for additional growth potential in the near future because of three transportation projects that will significantly impact commute time:

• BART extension into Pittsburg
• Highway 4 bottleneck removal
• James Donlon Road connecting to Kirker Pass Road

The completion of any one of these would positively affect real estate values in Antioch & Brentwood. Completing 2 or 3 would make the area even more attractive to buyers looking for affordable housing in the East Bay.

Real estate is cyclical, the East Bay real estate market will rebound. When property values begin to rebound in the 680 corridor, buyers will once again look to east Contra Costa County for a home to own.

Get our FREE In-Depth Marekt reports - updated weekly, breaking data down by zip code and price point.

 Contact Paul for more info (925) 963-4246 - he's been out to Antioch, Brentwood and Tracy making offers like crazy lately.