Danville CA Homes for Sale Critical Factors

Homeowners that purchased properties in 2006 with interest only loans in hopes of endless appreciation are finding their notes coming due in an unforgiving market. With home values down 15% to 30%, no off-setting appreciation and the economy reaching the point of having to deal with the debt – there is just isn’t any wiggle room for these home owners.

On of the big stabilizing factors for home values is location, location, location. Established neighborhoods like Greenbrook & Shadow Hills that are located in built-out communities like Danville, California have weathered the storm better than most.

Though values are down, the fundamental integrity of established neighborhoods continues to provide better supporting value than new construction neighborhoods like some of those in San Ramon and Dublin.

Critical factors to watch in the first half of 2010 are foreclosures & interest rates. Foreclosures and short sales will continue to aggravate home sellers that aren’t underwater. Rising interest rates will affect the size of the buyer pool and real estate market activity.

The best advice for residents of Greenbrook & Shadow Hills that are going to put their house on the market in 2010 is SOONER is BETTER than LATER. I doubt that it is possible to find one homeowner who benefited in the last 3 years from delaying to put their home on the market ASAP. This is not going to change in 2010.

We know what the market dynamics are today. Tomorrow is anyone’s guess, but no one, I know, is expecting a significant rebound in home values.

• Read Part 1: The Home Pricing Issue

• Read: Part 2 – The Home Pricing Issue

• Read: East Bay Housing Forecast for 2010

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Email John if you would like to know more about buying or selling a home or condo in Dublin California or call (925) 895-2694