Concord California Real Estate Market Update first three quarters of 2010.  Median Home Prices in Concord California.

The Concord CA homes sales volume in 2005, showed signs of a slowdown and 2056 Units were sold.  Although the market was slowing homes still sold quickly with the same average days on market as in 2004.  In 2006 and 2007 the crash hit full stride and significantly fewer homes were sold in both these years.  The Concord CA homes sales volume in 2006 decreased by 564 homes, while The Concord CA homes sales volume in 2007 showed that 555 fewer homes were sold.  The market seemed to be in a tailspin, but the 2008 Concord CA homes sales volume increased to 1373 home sold.  Furthermore the 2009 Concord CA homes sales volume increased to 1614 homes sold and the average days to sell these homes decreased by 32.5%.  Although, it looks as if we’ll see less homes for sale in 2010 this is most likely no due to fewer buyer but to a decreased in home inventories.  All East bay cities are averaging between 2-4 months inventory.

Number of Properties Sold in Concord*

With the reduction of sales in Concord and the increased number of foreclosures we have seen an unprecedented drop in home values.  As you can see from the charts the Concord, CA medium sale price for a single family home dropped 1% in 2006.  The Concord, CA medium sale price for a single family home dropped 8% in 2007.  The Concord, CA medium sale price for a single family home dropped a whopping 33% in 2008! This trend continued with the Concord, CA medium sale price for a single family home dropping 19% in 2007, but with such low inventories the Concord, CA medium sale price for a single family home increased 8% in the first three quarters of 2010.

Average & Median Single Family Homes Price Data in Concord*

A similar trend can be seen with townhomes and Condominiums. The Concord, CA medium sale price for townhomes and condominiums dropped 12.5% in 2007.  The Concord, CA medium sale price for townhomes and condominiums dropped the medium sale price dropped an amazing 49% in 2008 and another 27% in 2009, but the Concord, CA medium sale price for townhomes and condominiums increased 2% in the first three quarters of 2010.

Average & Median Condominium & Townhome Price Data in Concord*

With prices at an all time low and interest rates holding steady between 4 and 5% first-time home buyers and investors are still out looking for homes.  The Concord CA homes sales volume in 2008 jumped 46% and The Concord CA homes sales volume in 2009 increased 15%. With multiple offers and fewer homes on the market we should soon see prices stabilizing and slowly increasing over the next year.  As soon as the California economy stabilizes and job growth in Contra Costa County returns, we should see a return to traditional 4% – 6% appreciation rates.  Demand for homes continues to grow, while the supplies of homes available for purchase have decreased this year and this has increased the pressure on the Concord housing market.

* Information source – Contra Costa MLS.

Telemarketers have a right to call you on your cell phone unless you are proactive in registering your number with the National Do Not Call Registry.  If you don’t have free long distance calling on your cell phone plan you will be charged for these calls.

To stop getting telemarketers calls you need to register on line at www.donotcall.gov or call toll-free 1-888-382-1222 from the cell phone you wish to register.  Registration is free. If you use the registry’s website you will be sent an email and you will need to click on the link within 72 hours to finalize your registration.  All calls are to stop thirty-one days after the number is registered.

Not all telemarketer calls are exempt.  Calls from or on behalf of political organizations, charities, and telephone surveyors will still be permitted, as would calls from companies with which you have an existing business relationship.  By purchasing something from a company, you establish a business relationship with the company.  The company may call you for up to 18 months after your last purchase or last payment.

Cell phone numbers on the registry will only be removed when they are disconnected and reassigned, or when the consumer chooses to remove a number from the registry.  If your number is disconnected and then reconnected, you may need to re-register.

The Federal Trade Commission, the Federal Communications Commission, and the states are enforcing the National Do Not Call Registry.

(Source of this information, the Federal Trade Commission-www.ftc.gov.)

REMEMBER: Cell Phone Numbers Go Public this month.

REMINDER …. all cell phone numbers are being released to telemarketing companies and you will start to receive sales calls.   …

YOU WILL BE CHARGED FOR THESE CALLS   To prevent this, call the following number from your cell phone 888-382-1222

It is the National DO NOT CALL list. It will only take a minute of your time. It blocks your number for (5) years. You must call from the cell phone you want to have blocked. You cannot call from a different phone number.

Undisclosed payments in short sale transactions, especially those paid outside of escrow, may violate the law, including RESPA, laws against loan fraud, and licensing laws. Short sale agents have increasingly reported to C.A.R. requests for agents and their clients to pay junior lienholders and others, oftentimes outside of escrow.

Concealing additional payments from a federally insured senior lender may constitute loan fraud, which is a crime punishable by 30 years of imprisonment plus a $1 million fine. Depending on the specific circumstances, carrying out these payment requests also may violate other laws and regulations, and an agent’s participation in the scheme may be subject to license revocation by the Dept. of Real Estate (DRE) or other disciplinary action.

More info: http://www.car.org/legal/special-features/realegal-chart/2010-realegals/realegal-3-16-10/

Well It’s been a long time since my last post.  I have been swamped with buyers and sellers for the last few months and have not had time to blog.  I have since added some systems and will have more time to blog so look forward to new information about the ever changing California Real Estate Market.

Danville CA Real Estate Market Update 2005-2009, part 2

With the reduction of sales in Danville, CA and the increased number of foreclosures we have seen a drop in home values over the last few years.  As you can see from Table #1 below the Danville, CA median sales price for a single family home dropped only 3% in 2007.  In 2008 Danville, CA median sales price for a single family home dropped a mere 10%.  This is really great news since some cities, such as Concord, CA have lost almost 60% in value in the same time period!  Furthermore, it appears that Danville, CA median sales price will drop again this year, but with the decrease in home inventories we should expect an upturn in prices by next year barring any further economic downturns.

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Ave and Median Price Data for Single Family Homes in Danville

Click here to request a current list of homes for sale in Danville CA

Ave and Median Price Data for Condo & Townhomes in Danville

( ) denote depreciation

# Information source – Contra Costa MLS.

Click here to request a current list of homes for sale in Danville CA

The Danville, CA median sales price for Condo’s and townhomes have seen a similar trend.  The Danville, CA median sales price for Condo’s and townhomes dropped less then 1% in 2006 and 7% in 2007.  In 2008 Danville, CA median sales price for Condo’s and townhomes dropped 11% and so far in 2009 we have seen another 3% drop Danville, CA median sales price for Condo’s and townhomes.  All it seems that Danville, CA has faired quite well in this economic downturn and with the reduction in inventories area wide.

Although our economy is having difficulties population growth in the East Bay, especially Alameda and Contra Costa County, continues.  Danville, CA has excellent accessibility to the 680 freeway, Bart and both downtown San Francisco and Oakland.  In addition, the amenities in both Danville, CA and San Ramon, CA area are outstanding. Both cities are close to stores, entertainment, recreation and excellent schools.  This should help improve the housing market as the economy recovers.  Tomorrow’s blog will take a more extensive look into the housing market in Danville, CA by looking at the relationship between the number of active and pending listings over the pas two years.

Click here to receive ongoing monthly real estate market snapshots for Danville CA

Buying or selling a home in Danville or Danville CA real estate, contact me as I am a skilled agent, offering extensive knowledge and strong negotiation skills who is truly focused on “Getting You Where You Need to Be!”

Contact Keith Brown REALTOR®

(925) 768-4070

Or

Click to e-mail Keith Brown

Please contact Keith Brown for all of your real estate needs in Alamo, Concord, Danville, Dublin, Lafayette, Livermore, Martinez, Moraga, Orinda, Pleasant Hill, Pleasanton, San Ramon, and Walnut Creek.

Search the MLS – Keller Williams Realty

Visit Danville CA Real Estate for median home prices, local information & featured listings

Danville, CA Real Estate Market Update 2005-2009

The Danville, CA real estate market has undergone some changes in the last few years, but due to its charm and desirability, the Danville, CA market has weathered the storm better than most cities in the East  Bay.  From 2005-2007, Danville, CA homes sales volume declined by only 25% while some Bay Area communities saw their homes sales volume drop by twice that amount.  In 2008, the market in Danville slowed even further when Danville, CA homes sales volume fell by 27%, but still was better than some other East Bay cities.  So far in 2009, only 197 homes have sold and at this rate of sales, we should see less than a 12% decrease in Danville, CA homes sales volume. The news may seem dire, but when we look just next door to the city of San Ramon, the picture seems to brighten for Danville.

Number of Properties Sold in Danville

Click here to request a current list of homes for sale in Danville CA

Number of Properties Sold in San Ramon

Click here to request a current list of homes for sale in San Ramon CA

In San Ramon, CA homes sales volume dropped a total of 18% for the period from 2005 to 2007, and in 2008, San Ramon, CA homes sales volume dropped another 8%.  Currently, almost 402 homes have sold in San Ramon, CA this year and that puts the San Ramon, CA on the road to higher home sales this year.  Fortunately, with this upturn in homes sales, the inventories for well priced homes in San Ramon, CA have dropped to below one month.  This is forcing home buyers to look to Danville, CA to find other properties to purchase.

It is difficut to quantify how this upturn in sales has affected the price of homes in Danville, CA but in tomorrows blog I’ll shed some light on how home values have changed in Danville, CA.

Click here to receive ongoing monthly real estate market snapshots for Danville CA

Buying or selling a home in Danville or Danville CA real estate, contact me as I am a skilled agent, offering extensive knowledge and strong negotiation skills who is truly focused on “Getting You Where You Need to Be!”

Contact Keith Brown REALTOR®

(925) 768-4070

Or

Click to e-mail Keith Brown

Please contact Keith Brown for all of your real estate needs in Alamo, Concord, Danville, Dublin, Lafayette, Livermore, Martinez, Moraga, Orinda, Pleasant Hill, Pleasanton, San Ramon, and Walnut Creek.

Search the MLS – Keller Williams Realty

Visit Danville CA Real Estate for median home prices, local information & featured listings

Danville, CA Real Estate

Danville, CA Townhomes and Condominiums for Sale

Danville, CA Real Estate Market Snapshot

for July 1, 2009

By Keith Brown

The city of Danville California is an amazing city.  Due to its charm it is one of the most desirable cities in the East bay.  It has a host of amenities including a historic downtown with chic boutiques, awesome schools, multiple parks & recreation areas, access to the Iron Horse Trail, favorable climate and great deals on Danville CA real estate! It’s no wonder that buyers seek out condominiums and townhomes for sale in Danville CA. Use this link to Search the MLS for Danville condos and Danville California townhomes for sale.

Danville, CA Market update for July 1, 2009:

Currently, there are 29 townhomes and condos for sale in Danville CA.*

• 1 – Studio unit, priced at $280,000

• 14 – Two Bedroom units, priced from $187,850 to $619,900
• 11 – Three Bedroom units, priced from $369,000 to $669,000
• 1 Four Bedroom units are currently available for sale at $519,900
• 2 – Five Bedroom unit, priced at $514,700 and $534,761

Click here to request a list of all townhomes and condos for sale in Danville including address, photos and description.

In the month of June 2009, 11 condominiums and townhomes sold.  They included:

• No One Bedroom units sold during the month of April 2009
• Three Two Bedroom units sold; selling prices ranged from $328,000 to $635,000
• Seven Three Bedroom units sold, selling prices ranged from $320,000 to $600,000
• One Four Bedroom units sold during the month of April 2009 at $556,000

Click here to receive ongoing monthly real estate market snapshots for condos and townhomes for sale in Danville CA

Click to search the archived reports for Condos & Townhomes for sale in Danville CA

For more information on condos for sale in Danville CA, please contact

Keith Brown REALTOR®, (925) 768-4070 or click to e-mail Keith Brown

If you’re buying or selling Danville CA real estate, or looking for condos for sale in Danville CA, contact me as I am a skilled agent, offering extensive knowledge and strong negotiation skills.

Search the MLS – Keller Williams Realty

Visit Danville CA Real Estate for median home prices, local information & featured listings

Concord California Real Estate Market Update 2004-2009.

Including the Median Home Price for Townhomes and Condominiums in Concord California.

The Concord, CA townhome and condominium sales volume in 2004 was 751 units sold, and it only took an average of 16 days to sell these homes.  In 2005, The Concord, CA townhome and condominium sales volume showed signs of a slowdown and only 632 units were sold.  Although the market was slowing homes still sold quickly with the same average days on market as in 2004.  In 2006 and 2007, the crash hit full stride and significantly fewer homes were sold in both these years.  The Concord CA townhome and condominium sales volume in 2006 decreased by 194 units, while The Concord CA townhome and condominium sales volume in 2007 showed that 182 fewer homes were sold.  The market seemed to be in a tailspin, and Concord seemed to be taking the brunt of the storm!

Number of Properties Sold in Concord*

With the reduction of sales in Concord and the increased number of foreclosures, we have seen an unprecedented drop in home values.  As you can see from the charts, the Concord, CA median sale price for townhomes and condominiums dropped 12.5% in 2007.  The Concord, CA median sale price for townhomes and condominiums dropped the median sale price dropped an amazing 51% in 2008. Finally, the Concord, CA median sale price price for townhomes and condominiums dropped another 38% in the first six months of the year.

Click here to request a current list of homes for sale in Concord CA

Average & Median Condominium & Townhome Price Data in Concord*

With prices at an all time low and interest rates holding steady around 5%, I have seen first-time home buyers and investors recently jump into the market with a gusto.  The Concord CA homes sales volume in 2008 jumped 47%, and if the first six months of the year are any indication, we should see at least a 15% increase in sales volume for 2009.  With multiple offers and fewer homes on the market, we should soon see prices stabilizing and slowly increasing over the next year.  As soon as the California economy stabilizes and job growth in Contra Costa County returns, we should see a return to traditional 4% – 6% appreciation rates.  Demand for homes continues to grow, while the supplies of homes available for purchase have decreased this year.  This has resulted im increased pressure on the Concord housing market.

• Information source – Contra Costa MLS.

Click here to receive regular market updates for Concord California Real Estate

Buying or selling a home in Danville or Danville CA real estate, contact me as I am a skilled agent, offering extensive knowledge and strong negotiation skills who is truly focused on “Getting You Where You Need to Be!”

Contact Keith Brown REALTOR®

(925) 768-4070

or

click to e-mail Keith Brown

Please contact Keith Brown for all of your real estate needs in Alamo, Concord, Danville, Dublin, Lafayette, Livermore, Martinez, Moraga, Orinda, Pleasant Hill, Pleasanton, San Ramon, and Walnut Creek.

Search the MLS – Keller Williams Realty

Visit Concord CA Real Estate for median home prices, local information & featured listings

Concord CA Real Estate Market Update 2004-2009

Including the Median Home Price for

Single Family Homes in Concord California

By Keith Brown

The Concord CA homes sales volume in 2004 was 1486 single family homes sold and it only took an average of 16 days to sell these homes.  The Concord CA homes sales volume in 2005, showed signs of a slowdown and 1393 single family homes sold.  Although the market was slowing homes still sold quickly with the same average days on market as in 2004.  In 2006 and 2007 the crash hit full stride and significantly fewer homes were sold in both these years.  The Concord CA homes sales volume in 2006 decreased by 357 homes, while The Concord CA homes sales volume in 2007 showed that 366 fewer homes were sold.  The market seemed to be in a tailspin and Concord seemed to be taking the brunt of the storm!

Number of Properties Sold in Concord*

With the reduction of sales in Concord and the increased number of foreclosures we have seen an unprecedented drop in home values.  As you can see from the charts the Concord, CA median sale price for a single family home dropped 1% in 2006.  The Concord, CA median sale price for a single family home dropped 8% in 2007.  The Concord, CA median sale price for a single family home dropped a whopping 49% in 2008! Finally, the Concord, CA median sale price for a single family home dropped 30% in the first six months of the year.

Click here to request a current list of homes for sale in Concord CA

Average & Median Single Family Homes Price Data in Concord*

With prices at an all time low and interest rates holding steady around 5% I have seen first-time home buyers and investors recently jump back into the market with a gusto.  The Concord CA homes sales volume in 2008 jumped 47% and if the first six months of the year are any indication we should see at least a 14% increase in sales volume for 2009.  With multiple offers and fewer homes on the market we should soon see prices stabilizing and slowly increasing over the next year.  As soon as the California economy stabilizes and job growth in Contra Costa County returns, we should see a return to traditional 4% – 6% appreciation rates.  Demand for homes continues to grow, while the supplies of homes available for purchase have decreased this year and this has increased the pressure on the Concord housing market.

*Information source – Contra Costa MLS.

Click here to receive ongoing monthly real estate market snapshots for sale in Concord, CA

If you’re buying or selling Concord CA real estate, or looking for Homes for sale in Concord CA, contact me as I am a skilled agent, offering extensive knowledge and strong negotiation skills.

For more information on condos for sale in Danville CA, please contact

Keith Brown REALTOR®, (925) 768-4070 or click to e-mail Keith Brown

Search the MLS – Keller Williams Realty

Please contact Keith Brown for all of your real estate needs in Alamo, Concord, Danville, Dublin, Lafayette, Livermore, Martinez, Moraga, Orinda, Pleasant Hill, Pleasanton, San Ramon, and Walnut Creek.

Visit Concord CA Real Estate for median home prices, local information & featured listings.