Mountain House, CA Real Estate News

By Susan Goulding, Short Sales, Mountain House Homes for Sale
(Mountain House Real Estate)
Mountain House Real Estate - Market Stats - 4.12.2010 Total ACTIVE Homes For Sale 92 Active w/ short sales non contingent 43 Active short sale contingent ONLY 49 PENDING 78 SOLD PAST 30 DAYS 20 Median LIST Price $323,000 Median SOLD Price $324,500 Click here if you'd prefer to watch a video with stats explained. PR: wait... I: wait... L: wait... LD: wait... I: wait... wait... Rank: wait... Traffic: wait... Price: wait... C: wait...    
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By Frank G. Silveria III, Frank Buys Houses - Sales - Property Management
(Frank G. Silveria Real Estate | Keller Williams Realty)
JUST LISTED!! In Mountain House Ca 515 Burk Place, Mountain House Ca       For More Information and Pictures CLICK HERE Bedrooms: 4Baths: 3Sqft: 2,478Lot Size: .13Style: 2-Story Description: Beautiful 2-story home in Mountain House Ca. This is a 4 br/3 ba, 2478 sqft home in the middle of a wonderful housing development. Walk into this home and be greeted by a stair case that leads you up to the second story bedrooms. Down stairs there is a kitchen made for a cook with tiled granite counter tops and tiled flooring. Contact us today for more information regarding status and availability.
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By Frank G. Silveria III, Frank Buys Houses - Sales - Property Management
(Frank G. Silveria Real Estate | Keller Williams Realty)
JUST SOLD! 137 E Legacy Drive, Mountain House Ca Just SOLD For $275,000.00! To view more details or pictures about this property CLICK HERE If you or anyone you know are interested in selling or purchasing a home contact us today CLICK HERE
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By Susan Goulding, Short Sales, Mountain House Homes for Sale
(Mountain House Real Estate)
Everyone is talking about the housing Market in Mountain House.  Mountain House made the New York Times and the National news, so how is Mountain House doing today. Here are some great stats.  Call today if you want to know what your home would sell for, if you're behind in your mortgage payments, if you're looking for the best opportunity to buy in Mountain House.  Why wait any longer? Active  21 Active Short Sales 14 Short Sale Contingent  39 Short Sale Contingent are short sale properties that have an offer that the seller has accepted and the seller and buyer are waitin for the bank to give them answer. Pending   98 Sold in Last 30 days   28 WOW Look at these numbers 30 days on market SALES price is 101% of asking 45 days on Market SALES price is 100.0% RIGHT AT ASKING - my guess is...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
  If you live in Mountain House you know that Delta Junior College has a satellite campus right at your doorsteps. Friday, December 4th, the doors were open to the public. What you were able to see if a campus of portable buildings that 2700 students use to complete JC college courses. I know several kids that live in Tracy that attend the satellite campus, commuting here is 10 minutes from Tracy. The Tracy Press wrote a quick story about the open house you can read it here. Do you live in Mountain House and attend Delta College, what do you think, do you love it, hate it, tolerate it?  PR: wait...  I: wait...  L: wait...  LD: wait...  I: wait... wait...  Rank: wait...  Traffic: wait...  Price: wait...  C: wait...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
The City of Mountain House has been living in the dark.  Why - to save money. I just had some buyers move into thier dream house on Central Parkway.  They moved in and discovered that the Community of Mountain House, CA was saving money by not having the street lights on. The Board decide to turn these lights back on - whoo hoo.  DeAnza and Main Street will have every other light on. All Street lights have also been changed to Blinking instead of the traditional Red, Yellow and Green. Mountain House's issues stem from a budget based on previous home values, not today's home prices.  The home my buyers purchased previously sold for $685,000 they purchased their home for almost half of that price. WOW Mountain House has such great potential, not only are home owners facing short sales, fo...
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By Frank G. Silveria III, Frank Buys Houses - Sales - Property Management
(Frank G. Silveria Real Estate | Keller Williams Realty)
Mountain House Ca Homes Adopts Tax Increase MOUNTAIN HOUSE CA HOMES — While Mountain House residents said they are worried about a tax increase and the lack of district employee pay cuts in next fiscal year’s budget, they may actually be paying less next year.At its monthly meeting Wednesday, the Mountain House CA Community Services District board of directors OK’d by a 4-1 vote the budget for the upcoming fiscal year that starts July 1. Board member Andy Su voted no.“I am surprised and maybe a little disappointed that with all the residents speaking out about salary cuts and the number of times I’ve suggested them, that this proposal came back with still no salary cuts,” said Su.In addition to cuts recommended by Paul Sensibaugh, the district’s general manager, the board OK’d a 4 perce...
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By Elaine Kan
(Klemm Real Estate)
Is it just bad luck for me or has it happened to others before? With low bank owned inventories and lots of buyer demand in the Mountain House and Tracy area, it seems like some people have resorted to "alternatives" when trying to get deals closed.  Missing keys in lockboxes, postings on windows stating that it is unsafe to go inside the homes...anything just to discourage offers (it does get frustrating when every house is in a multiple offer situation.)  But still......imagine when it is the first time you've met up with these clients and they drove all the way from San Jose just to see one house in Mountain House because there are no listings available and yet they cannot get inside! There has to be another way in...perhaps through the window?  :P
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
    HOT HOT - Mountain House, CA is HOT!!  Attention Buyers!  Mountain House is HOT HOT HOT. If you are a buyer driving around looking for a house, calling on signs, waiting for a Realtor to call you back, it'll probably be too late to buy THAT house. There are 96 homes on the market and 41 Pending 20 sold in the LAST 30 days -- this includes Short Sales.... NOW -- if we take out the short sale - 32 Active Properties -- and 41 Pending - 20 Sold. 50% of the sold homes SOLD in the first 30 days at 99.85% of the Asking Price Another 25% sold in the next 60 days at 105% of Asking Price.  The higher than average probably has to do with Concessions with Conventional/FHA buyers and the 30 days or less buyers were most likely cash buyers. Average Sale price is $321,000 and average square foota...
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By David Cheung
(Klemm Real Estate Inc)
  Yes, we have a lot of foreclosures in the area, but if you look at the housing inventory chart below.  We had 80 months of inventory last year, but we are down to less than three months now.  Houses are selling fast because of the low prices. Also, Avg home prices in Mt. House have been stabilizing the last three months.  Nobody can predict which way the market will go, but home prices are much more affordable now.  
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
WOW -- Mountain House, California makes the New York Times.  Click here to read the full article. City in Despair - this is not surprising to those of who live and work in this area.  This is a master planned community that was BOOMING in the early 2000.  Most people bought in 2004 - 2006, and guess what kind of loans they have. While I undertand the predicament - homeowners who can afford what they are paying need to sit tight. Susan
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
According to the Tracy Press the prospective economic center that was to be built in Mountain House is on hold for a while -- most likely a long while. Read the story here:  Tracy Press  So what's to happen in Mountain House?  Well, this is a master planned community that started in the hay day of the housing boom had big plans for a fast growing fully inclusive area.  To date there are 3 elementary schools that house K-8 students, a mini market, and a few other professional offices. If you kids want McDonald's, Pizza or ice cream you'll have to drive to town -- Tracy that is. While the community of Mountain House has some great positive attributes, don't buy a home there hoping to shop or work there anytime soon.  Buy a home in Mountain House because of the community atmosphere, the n...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
  Real Estate Price Trends The median single family home price as of July 27 2008 for MOUNTAIN HOUSE is $400,427     Housing Market ConditionsWith a Market Action Index as of July 27 2008 at 20.79, MOUNTAIN HOUSE is currently a buyer's market.     Home Sales and Demand TrendsThe average property in MOUNTAIN HOUSE as of July 27 2008 has been on the market for about 79 days.     Price Per Square FootThe median price per square foot for homes in MOUNTAIN HOUSE as of July 27 2008 is about $155     Homes for SaleThere are about 134 properties on the market in MOUNTAIN HOUSE as of July 27 2008. Great Stats provided courtesey of Altos Research.  inventory is up, prices are down, but flattening -- what are you waiting for?  
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
Wowzee--- Yowzeee... there are homes for sale in those there hills. For 8 days -- 8/1 - 8/7 Pulte is selling off their new construction homes.  $20,000 in upgrades.  WOW.  These prices are incredible.  Here's the kicker -- call me, take me with you to negotiate the deal.  Yes, it is true the builder will do most of the paper work, but WHO will be representing YOU.  I guarantee the BUILDER's rep is guarding the builders interest. Call today, I've only got a few slots let to show these few homes. 209-914-5573
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
Look at these statistics.  Things are moving.  Homes are selling.  There are 83 homes on the Market and 23 pending.  That means a 4 month supply.  If nothing else came on the market we'd only have enough homes for the next 4 months.  33% of the homes sold in the under $425,000 range!  Most likely the buyers who are buying in Mountain House are first time home buyers or investors looking for smaller family units to rent.  As a REALTOR in the Mountain House area I can tell you I'm seeing mulitple offers on this price range.  For those buyers who are still waiting for prices to go lower, I don't think we'll see much more of a drop in the lower price ranges.  Perhaps a leveling off.... Call today for an appointment to discuss how you can take advantage of this fabulous market.  Don't wait ...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
I love buyers! Today I had the opportunity to meet a great family. It was by chance, I was meeting some buyers at one of my vacant properties, a couple with 2 small children and another soon to arrive stopped and got a flyer. They asked if I was holding an Open House, I told them I was meeting some prospective buyers in about 15 minutes, and they were welcome to come in and look. They were great, their kids were great, they have to buy SOON, we clicked .......everything was perfect EXCEPT...... yes you guessed it....they have an agent. A ReLo agent that isn't available to show them houses, but when/if they find one they like, THEN let the agent know. WHAT! I'm sorry -- but that stinks. Just because an agent has been given a qualified buyers on a silver Relo platter that does that mean t...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
Here they are right off the presses... the current housing Stats for Mountain House, CA87   Active 7    Pending  2    Sold in the last 30 Days7 Pendings is exciting!  Who hoo. 
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
Here are what is PUBLISHED for Mountain House, the reason I state this is due to the number of new homes that are for sale with incredible incentives from Builders that are not published on the MLS.  If you are a buyer, talk to an agent before you go visit a new home community.  Have an agent escort you, otherwise you don't have anyone representing YOU.Active Listings  76Pending Sale     4Sold in the past 30 days:  1 - ONE!  Wow that is scary.  The one home that sold was a brand new construction home.What this means, if you are a buyer, and you plan on holding on to your property for 5 - 8 years Mountain House might have some incredible deals ready for you.
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By Shelley Puentes
(Pacific Mortgage Consultants DRE #01395691)
In a surprise move, The Fed lowered their Discount Rate by a half percent this morning. The Discount Rate is the rate at which the Fed lends money directly to commercial banks, credit unions and large lenders. It is different than the Fed Funds Rate, which is the rate at which banks lend money to other banks. Although the cut provides some liquidity relief for lenders it does not directly affect mortgage rates. This cut, along with the extension of the borrowing period from overnight to 30 days, could allow time for the credit markets to settle a bit and help some large financial institutions better weather the storm. I am advising floating for now, but don't blink because things can change fast. Shelley Puentes, C.M.P.SPacific Mortgage ConsultantsMountain House, Tracy, Livermore, CA510...
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By Shelley Puentes
(Pacific Mortgage Consultants DRE #01395691)
Lenders have been modifing the ARM notes of borrowers who have adjusted into higher interest rates from my experience. The existing lenders have not required new appraisals or fee to modify the notes. Which has been a God sent to the borrowers since they are completely upside down on their homes at the moment.I am waiting to hear if another lender has agreeed to modifiy their note. They were going to let the borrower know what their decision was this past Friday so I will keep you posted. Otherwise, the borrower's probably will  be looking at foreclosure and/or BK but hopefully not.   Shelley Puentes, Certified Mortgage Planner Specialist Pacific Mortgage ConsultantsShelley@JustYourFavorite.com925-215-0850 office  
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Mountain House, CA Real Estate Professionals