San Ramon CA Condo – Not a Short Sale

Quick Close – Move Right In

Spacious 2 bedroom 2 bath condo in excellent move-in condition. Large living room with fireplace, separate dining area, kitchen with pass through counter, refrigerator included, in-unit laundry room, newer furnace, dual pane windows.

Within easy walking distance to shopping, restaurants, movie theaters and transportation.

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Our FREE In-Depth Real Estate Market Reports updated weekly, break real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.

Foreclosed Homes for Sale – Danville CA

The number of bank-owned (REO) and short sale properties is increasing in Danville; this month there is a total of 95 properties on the market. 74 homes are listed as a short sale and 21 homes are REO’s. 4 of them are condos, 2 duets, 20 townhomes and a surprising 69 properties are single family homes.

When we look at the price break down, homes are offered at any price level including homes that are listed over $1,000,000.

The lowest price is a 2 bedroom and 1,5 baths listed at $169,000. When you are interested in buying a single family home and getting your children in a great school district the entry level prices are starting at $500,000 and there about 40 homes for sale in the $600-$700-$800k’s, many of them with 4 or 5 bedrooms and over 3000 square feet. This is a great time to buy if you are thinking of moving up or when you plan to move from for instance Fremont or San Jose.

Between $1,000,000 and $1,600,000 there are 11 homes for sale, several are over 4000 square feet.

The savvy and patient buyer can find some great deals but you have to act quickly. Just to give you an idea, out of these 95 homes there are currently only 27 posted active for sale. Danville is a great place to live and has a lot to offer; beautiful kept neighborhoods, parks, roads and schools. For many years the home prices in this town went through the roof and therefore out of reach for many people. With the foreclosure wave that is going on right now and will continue in 2010 you have a great opportunity to become part of this wonderful community or find yourself a bigger home. At Harper Mees and Associates we have a team of professional Realtors that can help you with all your real estate needs; let’s get together and discuss what we can do for you!

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

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Our FREE In-Depth Real Estate Market Reports updated weekly, break real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910

Dublin Ranch Market Update – Homes for Sale

Incredible opportunities for buyers right now in Dublin Ranch; this new development on the east side of Dublin offers many REO (bank-owned) or short sale properties for sale. This last month there were a total of 65 homes on the market. Lots of activity on the real estate market which shows with 27 Sale Pending properties and 14 homes that closed escrow.

Currently there are 24 homes for sale: 19 condo’s or townhomes starting at $345,000 for a 1428 square feet, 2 bedroom, 2 baths condo all the way up to $749,995 for a condo with 3012 square feet, 4 bedrooms, 3,5 baths and a 3 car garage.

There are only 5 detached homes for sale:

• 5779 Shadow Hill Drive; a short sale, 2013 square feet with 4 bedrooms, 2,5 baths and a 2 car garage listed at $601,000
• 6174 Shadow Hill Drive; 1862 square feet with 3 bedrooms, 2,5 baths and a 2 car garage listed at $615,000.
• 5135 Hinsdale Court; 2192 square feet with 4 bedrooms, 2,5 baths listed at $629,000.
• 3198 Madden Way: a short sale, 3370 square feet with 4 bedrooms, 3,5 baths and a 2 car garage listed at $830,000.
• 5916 Kingsmill Terrace: an REO (bank-owned), 5038 square feet, 5 bedrooms, 5,5 baths and a 3 car garage listed at $1,099,900. This home sits on a 9375 square feet lot and has great views of the valley. A great price for this amazing home!

Dublin Ranch is a relatively new community that has been developed in the last ten years. Well renowned builders like Toll Brothers, Shea Homes, Standard Pacific, Centex Homes and Brookfield Homes have built this master-plan on the east side of Dublin. Dublin Ranch with close to 20,000 residents offers the community a great infra structure, several (sports) parks, shopping, restaurants, and a movie theatre. As a resident you have easy access to I580 and I680, BART and several business parks within 15 minutes. Silicon Valley and San Francisco are less than 45 minutes away.

Fallon Middle School has been open for two years and Green Elementary opened last fall. Both schools are thriving with excellent staff, teachers, test scores and parent participation.

Dublin Ranch Golf course is a public course designed by Robert Trent Jones and is a par 63. The course features rolling hills and valleys with views of Mt Diablo and Livermore Valley. There is a bar, restaurant and banquet room.

The Promenade at Dublin Ranch is planned right in the heart of the community. The current master-plan for Dublin Ranch consists of over 6,300 homes. Higher density residences clustered around The Promenade provide a significant core of dedicated customers within a short and comfortable walking distance.

A great growing community that has a lot to offer; whether you are in the market for a condo/townhome or a single family home, new or resale, our team at Harper Mees and Associates will find the right property for you.

Search the MLS for Homes for Sale in Dublin Ranch

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Our FREE In-Depth Real Estate Market Reports updated weekly, break Dublin California real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo in Dublin, CA (925) 984-4910.

Hansen Hill and The Ridge in Dublin market update for October

Two homes closed escrow in the popular sub division Hansen Hill – The Ridge up in the hills on the Westside of Dublin.  The two homes that sold were:

• 7826 Georgian Oaks Court; 2936 square feet with 4 bedrooms, 3,5 baths and a 3 car garage sold at $885,000 which was slightly higher than the asking price.
• 10888 Inspiration Circle: 3449 square feet with 4 bedrooms, 3,5 bathrooms and a 3 car garage closed escrow at $890,000, about $50,000 under the asking price.

One home went ‘sale pending’ in October:

• 10753 Inspiration Circle; 2936 square feet with 4 bedrooms, 3,5 baths and a 3 car garage. This ‘short sale’ is listed at the amazing price of $730,784. Call us to set up a private showing.

This development has always been very popular and it shows; only one property is currently active for sale:

• 11498 Bay Laurel Street; 2697 square feet with 3 bedrooms and a 3 car garage. This ‘short sale’ home with beautiful views of the Pleasanton Valley is listed at $750,000.

The Home Owners Association is only $78 per month which will take care of the Greenbelt.

The homes in Hansen Hill and The Ridge on the Westside of Dublin, CA range in size from 2400 square feet to 3300 square feet and were built in the late nineties and early 2000; most of the homes back to open space and/or have a beautiful views of the Valley. This community is close by I580 and I680, schools, shopping and theaters. BART and the several business parks can be reached within 15 minutes. Silicon Valley and San Francisco are approximately 45 minutes away.

Search the MLS for Homes for Sale in Hansen

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Our FREE In-Depth Real Estate Market Reports updated weekly, break Dublin California real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo in Dublin, CA (925) 984-4910.

New FHA Rules for Buying and Selling Condos Get Tougher

Over 30 percent of loans generated in 2009 are expected to be FHA loans. FHA loans are popular with first time buyers because they allow a smaller down payment than conventional loans as lenders have tightened their lending guidelines. Most REALTORS expect the new FHA rules to significantly hamper efforts by first time buyers to use FHA financing.

The rules will reduce the number of condo units that qualify for FHA financing in condo developments. Expect this to push down already depressed condominium sales in the East Bay. Changes in the FHA rules include:

• Only 30% of condos in a devleopment can use FHA lending
• The entire condo complex must be FHA approved
• At least 50% of the units in new condo complexes must be sold before the development will be approved for FHA financing
• FHA associations must bear the expense of an annual reserve study
• If more than 15% of condo owners in a condo development are behind in their payments, no FHA financing will be approved in that complex

I’t going to be very difficult for condo associations to meet the requirements given the number of  condo owners that are behind on association dues.

Search the MLS for Condos for Sale

Search for Condo Foreclosures in Contra Costa County East

Search for Condo Foreclosures I-680 Corridor

Our FREE In-Depth Real Estate Market Reports updated weekly, break real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.