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May 2011 Market Conditions for the East Bay

Posted by jillcruey in June 15th, 2011 | no comment 
Published in Clayton Home Statistics, Concord Home Statistics, Pleasant Hill Home Statistics, Martinez Home Statistics, Walnut Creek Home Statistics, Market Statistics

The central East Bay cities have had an increase of pending sales of 45.3% (single family homes) in the month of May 2011 compared to May 2010.  The actual number of listings for sale was 1,476 and the number of pending sales was 577.   This gives an indicator of 2.5 months of inventory for the May 2011 market compared to 3.7 months of inventory last May.

Townhouses and Condos had an increase of pending sales of 102.6% compared to last May. This is a great sign of recovery.

To view:  Central East Bay Market Conditions

Cities included in market report: Alamo, Blackhawk, Clayton, Concord, Danville, Diablo, Lafayette, Martinez, Moraga, Orinda, Pleasant Hill, Rossmoor, San Ramon, Walnut Creek

Are You Renting and Maybe Giving Away Thousands?

Posted by jillcruey in June 15th, 2011 | no comment 
Published in Appreciation, Home Purchase, Tax

As you know that the east bay real estate prices have been declining over the past few years.  However, this area will eventually rebound because of the micro-climate of the area (including economic, tourism, weather, etc.).  At any rate, if you were to rent a home at $1,600 per month for the next ten years, you would be paying your landlord $192,000.  That doesn’t include any increases in rent over the next 10 years.

So, I truly believe that with the tax deductions available to homeowners, great interest rates today and affordable home prices in the east bay, you would build wealth by investing in real estate here.

Give me a call today to discuss the opportunities!  Jill Cruey, 925-207-8992

Why Invest in Bay Area Real Estate?

Posted by jillcruey in June 15th, 2011 | no comment 
Published in Home Purchase, Tax

I have a client who recently email the question, “Why invest in Bay Area real estate?”  It just so happened that I attended Carol Rodoni’s seminar a few weeks ago and had the obvious answer to that question.

Why invest?  This is what Carol had to say:

  1. Builds wealth
  2. Real estate is an asset
    Appreciates over time
    Land is valuable
    Bay area has limited land resources
  3. Finance with immediate equity (20 - 25% down payment)
  4. Long term investment - 5 to 7 years
  5. Bay area is  economic area that stands out from the crowd
    90,000 new jobs in the bay area in the 1st quarter of 2011
    Technology, weather and tourism  in the bay area
  6. Interest rates will remain low throughout 2011
  7. There are properties that will cash flow positive

Now is the time to invest and build wealth.  It would be best for us to talk about your goals for investing.  Let me know when you are available to sit down and talk.  Give me a call today, Jill Cruey, 925-207-8992

February Market Conditions for the 680 corridor

Posted by jillcruey in March 24th, 2011 | no comment 
Published in Clayton Home Statistics, Concord Home Statistics, Pleasant Hill Home Statistics, Martinez Home Statistics, Walnut Creek Home Statistics, Market Statistics

Many people ask, “How is the market?”. The media paints a broad image of the real estate market. Here in the east bay, 680 Corridor, we are seeing some positive numbers year to date numbers in comparison to 2010.

Short Sales in Contra Costa County

Posted by jillcruey in March 23rd, 2011 | no comment 
Published in Clayton Home Statistics, Concord Home Statistics, Pleasant Hill Home Statistics, Martinez Home Statistics, Short Sale, Walnut Creek Home Statistics, Market Statistics

Today there are 812 short sale single-family homes for sale on the Contra Costa MLS.  This number has not changed much compared to my report from April of 2010:

If I am in foreclosure, how much time do I have until I have to leave the house?

Posted by jillcruey in March 23rd, 2011 | no comment 
Published in Contra Costa Foreclosures, Foreclosures

Laws vary from state to state. In California, however, the house is not publicly advertised until the 110th day of the foreclosure process.  Once notice of default  is filed there are 90 days plus 20 days before the property is auctioned for sale at the court house.

If you are in danger of foreclosure, there may be options to avoid it such as short sale, loan modification, deed in lieu of foreclosure, or declaring bankruptcy.   These are options that should be discussed with an attorney.  For a reputable attorney, ask for a referral from your local Realtor.  In the east bay, call Jill Cruey, Realtor, 925-207-8992, for a referral.

464 Single Family Homes for Sale in Contra Costa County are Bank Owned

Posted by jillcruey in March 23rd, 2011 | no comment 
Published in Pleasant Hill Home Statistics, Clayton Home Statistics, Concord Home Statistics, Martinez Home Statistics, Homes for Sale, Foreclosures, Contra Costa Foreclosures, Walnut Creek Home Statistics, Market Statistics

Realtytrac reported in February that foreclosure activity is down 27%.  However, this is a nation-wide figure.   California posted the nation’s third highest state foreclosure rate in February, one in every 239 housing units with a foreclosure filing.

Last year, I reported on 4/28/10, Contra Costa MLS currently listed 464 bank owned single family homes for sale.  Today, the Contra Costa MLS is showing 464 single family homes for sale.   This number is down compared to 570 homes reported on January 20, 2011.

  • Antioch Bank Owned Homes - 82
  • Bay Point Bank Owned Homes - 10
  • Brentwood Bank Owned Homes - 37
  • Clayton Bank Owned Homes - 6
  • Concord Bank Owned Homes - 71
  • Danville Bank Owned Homes - 10
  • Lafayette Bank Owned Homes - 5
  • Martinez Band Owned Homes - 25
  • Moraga Bank Owned Homes -0
  • Orinda Bank Owned Homes - 5
  • Pittsburg Bank Owned Homes - 41
  • Pleasant Hill Bank Owned Homes -9
  • San Ramon Bank Owned Homes - 12
  • Walnut Creek Bank Owned Homes - 13

2868 Via Dominguez, Walnut Creek - New on the Market

Posted by jillcruey in February 22nd, 2011 | no comment 
Published in Homes for Sale, Walnut Creek Homes for Sale, Home Purchase
 

2868 Via Dominguez, Walnut Creek

$559,000

 

Pristine home featuring a beautiful and private Master Suite and Bathroom with jetted tub and separate shower on 2nd floor. Light and Bright throughout with 2 bedrooms and bath downstairs. Solar heated gunite pool on large lot with RV Parking.

Call Jill for a Private Showing, 925-207-8992

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Contact Information
Jill Cruey, Realtor®

100 Pringle Ave, Suite 100
Walnut Creek, CA 94596

925-207-8992

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