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Homes for Sale in Blackhawk CA

Blackhawk CA Homes for Sale | Blackhawk Market Update November 2017

Blackhawk CA Homes for Sale | Blackhawk Market Update November 2017

  • Inventory flat for past 3 months
  • While pending sales have been falling sharply
  • Prices mostly stable
  • Time on market way down in November

Blackhawk CA Market Report - November 2017

While inventory has been flat for the past three months, pending sales have fallen sharply during the same period.  Only six sales went to contract in November, compared to 18 in August, 13 in September and nine in October.  Price indicators have been mixed but mostly stable, while time on the market was only 18 days in November.

23 homes were actively listed at the end of November, compared to 24 at the end of October and 25 a year ago.  Pending sales were down a third from October and 40% from November 2016.  A 3.8 month supply was on the market at the end of November, up from 2.7 months at the end of October and 2.5 months a year earlier.

The average sale in November took 18 days, way down from 74 days in October and 80 days from November 2016.  November’s ales closed for 95% of their list price, unchanged from October but higher than November 2016’s 89%.  The price per square foot fell from $513 in October to $482 in November.

The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Blackhawk.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Blackhawk market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Blackhawk market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

See all Homes for sale in Blackhawk CA

Blackhawk CA Market Report - November 2017

 

Danville CA Homes for Sale | Danville Market Update November 2017

Danville CA Homes for Sale | Danville Market Update November 2017

  • Inventory continues decline
  • Sales drop as supply constrains
  • Median sales price up
  • Homes sold in November for less than list

Danville CA Real Estate Market Update November 2017

The real estate market in Danville cooled off a little in November.  Inventory continued to fall after a one month bump in October.  The reduction in supply kept a lid on sales, which also fell during the month.  Price indicators were mixed, with homes selling for less than their list price, while the median sales price increased.

The supply of homes for sale fell 27% in November, from 70 at the end of October to 57 at the end of November.  By comparison, 81 homes were on the market a year ago.  49 sales went to contract during November, 16% fewer than in October but 7% higher than in November 2016.  We had a one month supply available at the end of November, down from 1.2 months at the end of October and 1.8 months a year earlier.

November’s median sales price was $1,313,000, an 11% increase over October’s $1,183,000 and a 16% increase over November 2016.  The price per square foot was up 3%, from $477 in October to $$93 in November.  However, the average sale in November was for 97% of the list price, down from 100% in October.  Homes sold for 96% of list in November 2016.  Time on the market was little changed at 25 days.

The tables below provide further details on the current Danville CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Danville.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Danville market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Danville market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

 

Access all Danville CA homes for sale here

Danville CA Real Estate Market Update November 2017

Danville CA Real Estate Market Update November 2017

Homes in San Ramon

San Ramon CA Homes for Sale | San Ramon Market Update November 2017

San Ramon CA Homes for Sale | San Ramon Market Update November 2017

  • Inventory drops 53%
  • Pending sales down a third
  • Almost no homes priced under $1 million
  • Homes selling over list, on average

San Ramon CA Real Estate Market Update November 2017

The San Ramon real estate market refused to cool down with the weather in November.  A big drop in inventory lead to fewer sales but homes that did sale tended to do so very quickly and at good prices.  The average sale was for 101% of the list price and took only 16 days.  Homes priced under $1 million continued to be in demand but scarce.

Only 22 homes were actively listed at the end of November, a 53% drop from October’s 47 and down 62% from November 2016’s 58.  The lack of inventory hampered sales, which fell 33%, from 52 in October to 35 in November.  That was also 29% below pending sales of a year ago.  Only 0.6 weeks of inventory were on the market at the end of November, down from 0.9 months at the end of October and 1.2 months at the end of November 2016.

The median sales price fell 12% in November, from $1,165,000 in October to $1,030,000.  The price was still 3% higher than a year earlier.  On average, homes sold for 101% of their list price in November, compared to 100% in October and 98% a year ago.  The price per square foot increased from $462 in October to $479 in November.

The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in San Ramon.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the San Ramon market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

See all Homes for sale in San Ramon CA

San Ramon CA Real Estate Market Update November 2017

 

Homes in Livermore CA

Livermore CA Homes for Sale | Livermore Market Update November 2017

Livermore CA Homes for Sale | Livermore Market Update November 2017

  • Market remains hot
  • Inventory at lowest level January 2014
  • About two weeks supply
  • Sales strong in spite of low supply

Livermore CA Real Estate Market Update November 2017

The weather may be cooling but the Livermore real estate market isn’t.  It’s hard to believe that inventory is at its lowest level in nearly four years given how low supply has been the past couple of years.  But that is exactly where we are.  An in spite of the lack of inventory, sales remain pretty strong.  While pending sales were lower in November than a year ago, they were slightly higher than in October.  Homes priced under $1 million are in particularly strong demand and are selling in an average of only 18 days.

With only 30 properties actively listed at the end of November, it is likely that sales will drop in December.  But they managed to eke out a small gain in November, increasing from 57 pending sales going to contract in October to 59 in November.  That was with inventory at 43% of where it was at this time last year.  We had 69 homes for sales at the end of November 2016 and 51 at the end of October 2017.  With such strong sales and low supply, only two weeks of inventory was available at the end of November, compared to 0.9 months at the end of October and 1.0 month a year ago.

On average, homes sold in November did so in an average of 21 days and for 100% of their list price, virtually unchanged from October but markedly better than November 2016’s 31 days and 98%.  The median sales price in November was $780,000 down from October’s $798,000 but higher than November 2016’s $690,000.  The price per square foot also dipped, from October’s $444 to $430.

The tables below provide further details on the current Livermore CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Livermore.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Livermore market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Access all Livermore CA homes for sale here

 

Livermore CA Real Estate Market Update November 2017

Livermore CA Real Estate Market Update November 2017

Why Open Houses are Important in Pleasanton CA

**In case you cannot view this video here, please click the link below to view Why Open Houses are Important in Pleasanton CA on my YouTube channel: http://youtu.be/t1BRcljQQ-o **

Hi, I’m Doug Buenz. Welcome to the 680 Homes Video Channel. Today we’re going to talk about why you should do an open house.

Open houses are hit and miss propositions with a lot of my clients and sellers. However, here are the reasons that you should consider it.

Number one – and this might be the most important one. It creates the impression of activity for potential buyers. It creates with that particular buyer a sense that this is a hot property and that it may not last long. It creates emergency and the perception that this is a very desirable property. That’s definitely a benefit.

The second benefit is it creates some buzz among your neighbors and friends. It’s positive in the sense that your neighbors and your friends are often your biggest advocates for your house. If they come in and see your house and really like it, guess what they’ll be talking about in the soccer game, or at work, or at their church meetings? It’s important to create buzz for your property and that’s one of the best ways to do it.

The third reason you should consider having an open house is that it’s convenient. If buyers and agents want to see your house, it gives them a set time that they can come over and see it without having to call and make appointments, etc. On the convenience scale, it’s very favorable to have open houses available for buyers and agents to view the property.

It’s kind of fun to have people look through your house and complement it. Some people put a lot of pride, energy, and effort into making their house the best it can be. It’s always nice to know people think your house is nice. They want to come through and complement your house and tell you how great it is. There’s some payoff there. That’s probably not the major factor but those are the reasons you should consider as a seller doing open houses.

This is Doug Buenz with 680 Homes Video Channel.

Should I Offer a Credit to Buyers instead of Changing the Carpeting?

**In case you cannot view this video here, please click the link below to view Should I Offer a Credit to Buyers instead of Changing the Carpeting? on my YouTube channel: http://youtu.be/DXasGh83YLM **

Hi, this is Doug Buenz and this is the 680 Homes Video Channel. Today we’re going to address a common question some sellers have. That is, “Doug, that’s great that you want me to change the carpet, or repaint, or do some staging, but why do that? Why not just offer the buyer credit instead?”

The thinking for this kind of comment is basically that the buyer may not like the colors you choose, or the carpet you choose, or might prefer to pick it out themselves. On an intellectual level, that’s true. However, buying the property is not an intellectual exercise. It’s an emotional exercise first and foremost. 93% or more of the home buyers buy what they see, not what could be.

So, it’s important to attack a property on an emotional level to maximize its appeal in the marketplace. That’s what leads to sales.

Even if a buyer rips out every inch of carpeting you just put in or paints over every wall you just painted, it’s still the best money you ever spent because it creates that inviting environment that makes the buyer place themselves in the property and wants to pursue it as their own home.

So, it is important to do those improvements. Making the property clean, fresh, new carpet, new paint, up to date, make it home sparkle is what creates demand for your property not a credit for $4,000 so the buyer can go pick out for himself. That just doesn’t translate well in the real world of selling houses.

This is Doug Buenz with 680 Homes Video Channel.

Does it Really Make Sense to Stage Your Real Estate Property?

**In case you cannot view this video here, please click the link below to view “Does it Really Make Sense to Stage Your Real Estate Property?” on my YouTube channel: http://youtu.be/Qe6CcQC5rQU **

 

0:09: Hi, this is Doug Buenz with the 680 Homes Video Channel. Today we’re going address a common question. Is it worth it to stage a vacant house?

00:19: In my opinion, it is definitely worth it for a number of reasons. Now, look I know it’s expensive. It can run anywhere from a thousand dollars a month to as much as five to six. I’ve seen some exclusive estates cost as much as ten thousand a month to stage.

Whatever the cost is there’s a benefit to it as well and it’s up to you to decide whether it’s worth the benefit.

00:42: Number one. It creates a warm and inviting atmosphere for the buyer. Buying a home is a process that’s emotional first. Buyers need to connect with your property on an emotional level and see themselves living there first.

00:57: The second reason. It’s easier for buyers to visualize themselves living in the property. When you have a vacant house, sometimes space can be deceiving. They’re not sure if the family will work for them. They’re not sure if their bed will fit in the master bedroom.

When you stage a house you give them a point of reference for furniture. It more easily allows them to visualize their own furnishings and personal belongings in the property.

01:20: The third thing is it lends itself to better photographs in marketing. It is really important in today’s digital world that your photographs, which are often the first point of contact for potential buyers, scream the benefits of your property that they draw the visitor in emotionally.

It’s really hard to do that with a vacant house. Vacant houses have four walls and a floor versus if you have furniture and top-flight designer accessories that really create a warm space. That is a much more compelling photograph.

01:55: Lastly, vacant houses attend to make the buyer feel that the seller is desperate. So when you stage a house, even though it’s obvious that the house is staged, I believe that it reduces the perception among the buyers that you’re desperate as a seller and you can’t even afford to put a couple of couches and a coffee table in your house.

So it’s important from the perception of value standpoint that the house is staged.

This is Doug Buenz and this is the 680 Homes Video Channel.