Pleasanton Pending Sales Up…

Good news. Pending sales in Pleasanton are up. There are 44 pending sales as of today (April 23) for the month. We have a week to go, so we might hit 50, which is a great month. Inventory is keeping steady with 223 homes on the market. Pending sales are at or near record levels…

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Property Taxes, Schools, and Fairness

One often overlooked casualty of the great real estate slowdown has been revenues from property taxes. Counties, cities, and school districts are the primary beneficiaries of property taxes. In fact, over 80% of the revenue raised by property taxes are used to fund these 3 entities, with schools getting over 50% of the total property…

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What Buyers Care About

It is always amusing when Realtors meet with potential sellers, and the conversation around pricing is often filled with comments from the seller such as “I want X amount for my house” and “my house is worth X because the house around the corner sold for Y, and mine is nicer”. And Realtors, sometimes under…

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Interest Rates & Mortgage Update

The mortgage market continues to adjust to the turmoil in the credit markets. The trouble lies in the secondary mortgage market, where institutional investors purchase mortgage loans typically bundled into Mortgage Backed Securities. The yield that these investors demand is a function of perceived risk (how safe is the investment) and the typical concerns of…

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Pleasanton March Update – Better Days Ahead?

So there is an old crotchety man who dies, and at the funeral the minister asks if anyone would like to say a good word about the decedent. Awkward Silence. Again the minister asks if anyone would like to speak on behalf of the departed. More awkward silence. Finally, a man in the back row…

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Pleasanton Mid March Update – More of the Same

The Pleasanton CA real estate market is relatively stable at the mid point in March. Certainly, amidst the drum beat of bad economic news and further turmoil on the financial markets (I guess putting all my money into that Bear Stearns Emerging Markets Fund was a bad move), we are really doing quite well. Inventory…

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How Soon We Forget

I hear a lot of Pleasanton, Dublin, and San Ramon buyers say they want to wait for “the bottom”. They just are not comfortable buying in the current market with all of the negativity and the fear of more price erosion. Perhaps it’s time to take a walk down memory lane and revisit the market…

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Pleasanton February Market Update – Activity Picks Up

The Pleasanton CA real estate market showed some definite signs of life in February. Activity was up, especially in the lower price ranges. And inventory rose as well, which is not unexpected given that we are in early Spring. Overall, while there are still troubling signs in the economy, and the national and statewide real…

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Pleasanton Ridge Gets Some Props…. Darn It!

It would be a reach to say that the Pleasanton Ridge Open Space is a well-kept secret. In fact, if you live in or near Pleasanton, you no doubt are well aware of this special sanctuary in the heart of suburbia. Miles of pristine trails, breathtaking views, and abundant wildlife make it a special place…

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Fun with Zillow

I recently went to Zillow.com to find a “zestimate” for a home in The Preserve area of Pleasanton. For those not familiar with The Preserve, it is a high end subdivision of approximately 100 homes nestled in the hills of West Pleasanton, surrounded by acres of open space and ridgelands. It has always been a…

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We Interrupt The Housing Recovery For This Breaking News….

While we are seeing some positive signs in the early going this year for the Pleasanton CA and Tri-valley real estate market, we have had a slate of negative news nationally, including * Sales of new homes in the US slumped to a 13 year low in January * The median price of new homes…

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Pleasanton Residents Talk About Their City

I just finished a video that features interviews with residents of Pleasanton CA. In this video, various Pleasanton residents talk about what they like best about the city, what they like doing here, and why they like living here. I hope you will find it interesting. Feel free to pass it on to anyone who…

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