Alamo, CA Real Estate News

By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Construction issues on your 203k project?This is an actual project that was being completed and the contractor really screwed up and failed to properly read the plan... then kept going. Had he installed the windows correctly in the first place this couldn't have happened.We helped the client put in for a 203k loan in Alamo, CA on this one and the contractor was fired. He threatened to file a lien which he never did. We actually was hoping he would as to get him front of a judge with these photos may have been a blessing to the owners. If he had filed a lien then "perfected it" by getting our client in front of a judge he would have risked having to pay back 100% of the money he had charged for this type of outrageous behavior.The new contractor was able to fix the issue by removing the ...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
This fabulous luxury home blends old world craftsmanship with contemporary design. It features the finest in modern amenities, including a spacious open floor plan, state of the art kitchen and baths, and designer accents and finishes throughout. The amazing rear yard is a suburban oasis, with koi pond, fire pit, and vineyard. This home offers the very best in California living! Welcome home. Call Doug Buenz at 925-621-0680 to get your home sold!  SOLD! 315 Golden Grass Dr Alamo CA 94507 | Alamo Homes for Sale Overview Maps Photos Features Market Stats IDX Search  $2,139,000 Single Family Home Main Features 4 Bedrooms 4 Full Bathrooms 1 Half Bathroom Interior: 4,525 sqft Lot: 0.39 acre(s) Year Built: 2007 Location 315 Golden Grass Dr Alamo, CA 94507 USA Doug BuenzVenture | Sotheby's Int...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
Alamo CA Real Estate Market Update Video – January 24, 2017  0:00: Hi everybody! Doug Buenz with the 680 group at Venture Sotheby’s Realty. I’m here with your Alamo California market updatehere on January 23rd.0:11: The market’s hoppin’! Inventory is up 200% from last month at this time. There were 9 new listings in Alamo this month- that’s up 200%. There were also 6 new pending sales in Alamo and that’s up 50% so market activity is doing good.0:27: The average price per square foot for sold properties this month so far is $435 a square foot- that’s down 15%. But again we’re comparing it to December, which typically is a little bit slower month so indications are good.0:44: We have 49 days on the market as the average days on market for sold properties- that’s down 31%. So we can see th...
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By Valerie Crowell, Broker Associate
(Keller Williams)
Pending home sales in California saw the first double-digit annual increase in three years in February and also the largest gains since the housing crisis. According to a report from the California Association of Realtors, pending home sales increased by 15.6 percent year over year in February, the most significant annual increase since April of 2009. The Bay Area also saw double-digit percentage increases which suggests that the pace of sales will pick up across the state in the coming months. This may finally give buyers a more level playing field. The Alamo real estate median sale price saw a slight year over year increase of 4% from March 2014 to March 2015, from $1,360,000 to $1,418,100. Conversely, there was a month to month decrease from February to March, with February ending a...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Alamo CA and 100% VA Loans -the best loan program in the country! VA Mortgage Loans are one of the best mortgage loan programs available today for both honorably discharged Vets and active duty military personnel. Here are some of the great features of this fantastic program: - Up to 100% financing, with no down required. - No monthly mortgage insurance added to your payment. - More lenient credit qualifying standards than other types of mortgage loans. - Low rates compared to other loan programs. So how do you qualify for a VA Mortgage Loan in Alamo  CA? The first step is to verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. You can work with an approved Windsor  CA VA mortgage loan lender to order your COE quickly...
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By Valerie Crowell, Broker Associate
(Keller Williams)
The market has been pretty quiet among many Bay Area cities over the last few months of 2015, including Alamo. Home sales declined in all nine Bay Area counties in the first month of 2015 which was the the result of limited affordability, according to a report released by the California Association of Realtors. Additionally the sales drop-off in the Bay Area was attributed to intense demand and inventory shortages, which have driven up prices. The report also stated that the Bay Area was the only region in the state where the average home seller could expect to take in about 100 percent of original asking price. This is obviously great for sellers but buyers are in a state of limbo. With that, homes haven’t been moving as quickly as they were in 2014. In Alamo, the median sale price in...
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By Valerie Crowell, Broker Associate
(Keller Williams)
The number of Bay Area homes on the market tightened as 2014 ended and continue to in the first month of 2015. According to the California Association of Realtors December home sales and price report, the months’ supply of inventory for single-family homes across the Bay Area dropped to 1.7 in December, down from 2.3 in November. With that, the Bay Area real estate market remains heavily tilted in favor of sellers, as it did one year ago. Along with inventory levels, home prices also dipped across the Bay Area. Even with the month-over-month slips, Bay Area counties remain the state’s most expensive with CAR stating that homes are selling for an average of 0.6 percent above asking price. As far as January in Alamo, the median sale price was down year over year by 9%, from $1,475,000 to ...
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By Valerie Crowell, Broker Associate
(Keller Williams)
  Happy 2015 to all! What a year 2014 was for the real estate market. Overall, the market in Alamo was steady but like all of the Bay Area, it was nothing to write home about. Employment statistics released earlier in the week by the U.S. Bureau of Labor Statistics (BLS) fall right in line with analysts’ recent predictions that the housing market will make a comeback in 2015. Reports from economists at CoreLogic and Wells Fargo released in December indicated they believe housing will rebound in 2015 after a disappointing 2014, and they cited improvements in the U.S. labor market as a main reason why. The national unemployment rate in November was 5.5 percent, more than a full percentage point lower than the rate reported for November 2013 (6.6 percent). A total of 200 metro areas had an...
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By Valerie Crowell, Broker Associate
(Keller Williams)
2014 has been a great year for the Alamo real estate market. And with recent 2015 projections coming out for the U.S. real estate market, 2015 will likely be even better. Freddie Mac’s economic outlook for 2015 calls for 3 percent growth in the U.S. economy, which means good news for Bay Area housing. Home value appreciation is expected to drop slightly which is a positive for buyers and sellers. Home values have appreciated so much throughout the last year so many homeowners are all in all in a good place. This also means buyers will be more active. As far as interest rates are concerned Freddie Mac projects mortgage rates to average 4.6 % and increase up to 5 % by the end of the year. So, if you’re looking to buy, now is the time, as rates have dropped below 4% in the recent weeks. O...
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By Valerie Crowell, Broker Associate
(Keller Williams)
With only two more months left of 2014, most are wondering how 2015 projections are looking for sellers and buyers. A recent forecast by the California Association of Realtors gives much hope to homebuyers for the coming year, with a prediction of a growing supply of inventory, leveling home prices and less competition with investors. There is also a prediction that mortgage interest rates will remain at historically low levels throughout 2015. This is an incredible outlook for the coming year. And with that being said, 2014 has been a very solid year in the real estate market. In October, Alamo's median sale price had a 3% year over year increase, from $1,370,000 in 2013 to $1,410,000 in 2014. From September to October there was a slight decrease in median sale price of about $10,000....
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Alamo CA and 100% VA Loans -the best loan program in the country! VA Mortgage Loans are one of the best mortgage loan programs available today for both honorably discharged Vets and active duty military personnel. Here are some of the great features of this fantastic program: - Up to 100% financing, with no down required. - No monthly mortgage insurance added to your payment. - More lenient credit qualifying standards than other types of mortgage loans. - Low rates compared to other loan programs. So how do you qualify for a VA Mortgage Loan in Alamo CA? The first step is to verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. You can work with an approved Alamo CA VA mortgage loan lender to order your COE quickly, or ...
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By Valerie Crowell, Broker Associate
(Keller Williams)
The U.S. real estate market is nearly stabilized with several of our local markets recovering faster than the nation. Year over year numbers in Alamo have spiked exponentially, with a 31% increase in median sale price and a 38% increase in the number of units sold. Alamo has seen increases all across the board. In addition to the median sale price and units sold the number of properties under contract have increased by 38%, from 8 in 2013 to 11 in 2014. The number of new properties has remained the same year over year but this is pretty typical for this time of year, as things are slowing down a bit with the holidays nearing. There are only 3 more months left in 2014…can you believe it?! Hopefully this upward trend in the market continues through the end of the year. Community Event Da...
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
It is always interesting to listen to the scuttlebutt around the water cooler. I'm still at the Atlanta SE Home Insepector's conference and we were just talking as we were at the water cooler.It seems most of us have the same issues but it is fun to hear someone else's take on those issues.It is a common misconception about what the roll of the consultant "isn't".Home owners tend to think the consultant is going to manage the project... no, that is a project manager or when there isn't a "project manager" it is the "home owner". It is the home owner who is there nearly everyday and not the consultant. Once the loan closed the consulting phase of the project is over and the consultant becomes the "draw inspector"... working for the lender and HUD to authorize the lender to pay for items ...
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By Valerie Crowell, Broker Associate
(Keller Williams)
The Bay Area real estate market is generally slow at this time. This is pretty typical during the summer and tends to pick up after school has started and vacations have passed. This summer has been more quiet than in recent years likely due to intense demand and constrained inventory. This, coupled with increased prices has some homebuyers sitting out the action as they wait for the supply-and-demand ratio to stabilize. In Alamo specifically, this truly hasn’t been the case, at least as far as the number of properties sold. The number of single family homes sold in Alamo is actually up by 36% year over year, from 22 in August 2013 to 30 in August 2014. The median sale price is up year over year by 5%, from $1,412,500 to $1,490,000 which is in line with most Bay Area cities. And lastly...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Alamo CA and 100% financing on VA Loans - the best loan program and loan payment in the country! Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today. Here are some of the great features of this fantastic program: - 100% financing, no down payment required. - Monthly mortgage insurance is not tacked on to your payment. - Easier credit qualifying compared to other types of mortgage loans. - VA Mortgage Rates are low compared to other types of home loans. Here's how to qualify for a VA Mortgage Loan in Alamo CA: You must first verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. A Alamo CA VA loan lender can order your COE q...
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By Valerie Crowell, Broker Associate
(Keller Williams)
With summer in full swing Bay Area real estate is remaining strong. Buyers are busy during this season, so sellers are in a great position. Last month, the median sale price decreased slightly year over year by 4%, from 1,365,000 to 1,313,500. The first 5 months of the year we saw a steady increase in the median sale price but from May to June that number dropped by 22%, the largest dip we’ve seen since the beginning of the year. And year over year the number of properties sold is down 21%, from 29 to 23, though this is due to the comparison of available inventory. Inventory levels are still down from last year. In comparison, there has been a continuous monthly increase in properties sold since January so things are slowly moving in the right direction. Alamo is still a very strong ma...
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By Valerie Crowell, Broker Associate
(Keller Williams)
The median sale price in Alamo has gone up 43% year over year, from $1,200,000 in May of last year to $1,710,000 this May. That is quite a spike! And month to month the increase is roughly 23%…over $300,000 increase from April to May. And over the past year, the number of properties sold is down 28% from 21 to 29. Though, from January of this year that number has only begun to increase so we’ll see how the year ends. My guess is that the number of sold properties will continue to increase. Another interesting number is the amount of new listings coming on the market. Last May 37 new listings came on the market, compared to 44 this May, nearly 20% increase year over year. And similar to the number of sold properties, the number of new listings coming on the market is on an upward trend ...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
The Alamo May 2014 home sales report reflects strong demand for mid priced homes, from $1.2M to $1.7M.  Twenty one homes closed escrow in May, with an average selling price of $1,728,423 and mean time to sell of just 10 days.  There are 32 homes now in escrow with an average listing price of $1,440,750 and 11 days on the market. There are 54 homes actively listed today, up from 31 last month. June 1st Alamo Market Snapshot: Homes active on the market: 54 (click to view > Alamo homes for sale) Distressed properties for sale:  Short Sale – 1  Foreclosures – 0 Price range of active listings:  $875,000 to $42,000,000 Number of homes now in escrow:  32   Alamo May 2014 Home Sales Report – Closed Sales   Contact Us for more information regarding this Alamo May 2014 home sales report or for he...
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By Pete Sabine, San Francisco Bay Area Real Estate
(Compass)
I  have posted the monthly MLS Statistics for Alamo, California real estate.  Easy to read charts and graphs to provide you with accurate up-to-the-minute information for the local Central Contra Costa County real estate market.  To learn how to interpret this information or further discuss, please feel free to contact me directly or post a comment to the blog. Contact me at (925) 297-5335 (PST) or send an email to Pete@ContraCostaLiving.com. Visit Pete's web site www.ContraCostaHomeSearch.com    
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By Valerie Crowell, Broker Associate
(Keller Williams)
Alamo saw stable numbers for the month of April. Year over year the median sale price has increased 12% from $1,245,000 in April 2013 to $1,400,000 in April 2014. The number of properties sold has gone down slightly over the year, around 12% from 24 to 21 but in the last 4 months that number is only increasing. Hopefully this will continue to rise throughout the year. Another interesting trend in 2014 so far in Alamo is the number of days a property is staying on the market. From January until April, the number of days has decreased from 49 to 22, a decrease of nearly 56%. Real estate values in Alamo are increasing and properties are flying off of the market. It is still a sellers market at this point but with lenders backing off a bit on the scrutiny of borrowers, buyers are regaining...
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