September 2009 Market Update

Dear Friends,

As you probably all know from our media sources, the Real Estate market is picking up!!

We know from our multiple listing statistics that even in the Central Valley (Tracy, Mountain House, Sacramento and Brentwood/Antioch too) the inventory of homes has been absorbed. These areas are now experiencing multiple offers. The Tri Valley area is also experiencing healthy activity and sales. We have hopefully seen the bottom!
In Livermore, the inventory of homes has dropped from over 400 homes to 165 single family homes in total. Pleasanton currently has 164 single family homes on the market.

Livermore Homes priced between $400- 600k 47 homes available
$600-750k 27 homes
$750-1.0 28 homes
$1.0+ 23 homes

Pleasanton Homes priced between $400-600k 21 homes
$600-750k 41 homes
$750-1.0 26 homes
$1.0+ 89 homes

In my hometown of Pleasanton, home values weather the storm better than most communities. Most homes in the mid-price range go very quickly. I have several relocation families impatiently living in Corporate Housing looking for a home, prices ranging from $500-1.0. The children are all enrolled in school and, of course, the Corporate Housing living environment gets old very fast!

i.e. Lovely home in Pleasanton Valley 4 b/r, 2 Baths approx 2000 Sq Ft, nice floor plan. Offered at $699k

i.e. Livermore nice area 2000+ Sq Ft 4 b/r, 2.5 Baths 3 car garage . Offered at $500k

Very exciting are some gorgeous homes in South Livermore on large lots, newer construction, many with views of the hills and vineyards. Originally priced 1.0-1.5 & now going for $750-1.0 (some foreclosures and quite a few are short sales). Watch out! I’m having a great time showing these homes!!!
Dublin also is experiencing a low inventory of homes. There are currently 44 single family homes on the market. We have 2 homes for sale in Dublin. Both homes had multiple offers. (One home priced at $425k and one @ $700k)

San Ramon is cooking! Total homes on the market today 102. The Windemere area that had really suffered is booming again…

Open houses are extremely busy with families streaming through! We have recently sold a beautiful home on the Westside of San Ramon to good clients and friends. They were able to purchase a home backing up to permanent “open space”/ East Bay Regional Park Land. Fantastic home and exceptional location!
We have been frequently showing homes in Danville. I really enjoy the setting in Danville with the mature trees and hills (also excellent schools). Current inventory in Danville is 168 single family homes. There are some great opportunities available!!
Our Valley truly has so much to offer. Call me if you would like to tag along some time as a preview, I love the company! I will be planning “Home Tours” concentrations on different areas and different price points. Let me know your thoughts, I would love your feedback. Thank you for your support!

Warm Regards,
Cindy & Joel
Cindy.engel@comcast.net
Joel.engel@prurealty.com

Our Recent Listings in Action!

Pending (Subject To Lender Approval- Short Sale)
Colchester Ct., Dublin
4 b/r 3.5 Bath 2,851 Sq. Ft.

Pending (Short Sale)
Rainflower Dr., Livermore
3 b/r 2.5 Bath 1,567 Sq. Ft.

Pending

1122 Baur Ct., Pleasanton- 4 b/r 3.5 Bath 2,923 Sq. Ft.

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