Living in Contra Costa County

If you are paying Cash it will cost you more!

I have written a few post in the past about how cash does not get you as much of a discount as Cash Buyers might think. I have also posted on the fact that many properties that only want cash are often already discounted in price.

However, cash does have advantage in some cases, but it will not get you a discount, it might even cost you more.

In this market certain properties will get multiple offers. Often these properties will go for over asking price – sometimes well over asking price. When you have cash you have an advantage.

Cash can close quick. All things being equal the cash offer will get the property over the financed offer. However, most sellers will go with the highest offer, even if financed. There is one problem with High Financed offers; they often will not appraise and then the potential buyer is stuck having to ask for a price decrease or finding more cash to close the deal.

A Cash Buyer can pay what they have offered without having to worry about the appraisal. This does not mean you should not make a careful evaluation of what the property is worth to you, but you do not have to worry about low appraisals.

So as a Cash Buyer you have an advantage in getting the offer accepted, but it may cost you more!

Buying a Home in Antioch Ca – Three Things Impacting Price – Part 2

There are so many variables when Buying a Home it is hard to figure out how all the variables should impact the value of any one house.

These numbers are based on sales of Single Family Homes in Antioch in December 2011.

One thing that impacts the Price of an Antioch Home on a SF basis is the age of a home. Generally the older a home the less it will cost on a SF basis. Look at the attached Chart.

Now generally the older Antioch Homes on this chart would seem to be cheaper on a SF basis, but prices tend to drop of on a SF basis again for the newer Antioch Homes. That is because there are other variables and trends that also effects the price. Those two variables would be size and the type of sale. Older homes tend to be smaller (and therefore more expense on a SF basis) and many of the newer homes in this market are currently sold as Short Sales or Bank Owned (which tend to be cheaper). We have looked at those in the other post in this series.

Naturally other variables such as lot size, location, condition and such will also impact the Price of Antioch Homes For Sale. But when Buying a Home you need to understand that unit cost tends to go down for older homes.

Look at these fine Antioch Homes for Sale and give me a call at 925-260-4321.

Buying a Home in Antioch Ca – Three Things Impacting Price – Part 1

There are so many variables when Buying a Home it is hard to figure out how all the variables should impact the value of any one house.

These numbers are based on sales of Single Family Homes in Antioch in December 2011.

One thing that impacts the Price of an Antioch Home on a SF basis is the size of a home. Generally the smaller a home the more it will cost on a SF basis. Look at the attached Chart.

Now some smaller Antioch Homes on this chart would seem to be cheaper on a SF basis, but another variable also effects the price – that is the age of a home and smaller homes tend to be older. We will look at those numbers in my next post.

Naturally other variables such as lot size, location, condition and such will also impact the Price of Antioch Homes For Sale. But when Buying a Home you need to understand that unit cost tends to go down as the size of the home gets larger.

Look at these fine Antioch Homes for Sale and give me a call at 925-260-4321.

Brentwood Real Estate Market

I often use the term Housing Supply or Supply rather than Absorption, but if you are interested in the Brentwood Ca Real Estate Market you need to understand the term Absorption.  Read this post and let me know what you think.

For more information on the Real Estate Market in Brentwood Ca or beyond go to Home Point Real Estate.

Summerset Homes in Brentwood Ca Home Sales 94513 – For 2010 and 2011

Summerset Homes are part of a popular 55+ Community in East Contra Costa County. Summerset Communities are gated communities on Golf Courses, with pools, club houses, hot tubs, billiards, biking and hiking trails, and a number of recreational activities.

Summerset Homes in the Heart of Brentwood Ca is close to fine dinning, shopping, entertainment, and close to San Francisco and the High Sierra for the best of everything California has to offer.

Often times I look at trends from month to month and can miss the big picture of long term trends. Well here are some charts and figures for the last two years on a quarterly basis.

These numbers are for Homes in Summerset. There is probably still some reporting due on for the 4^th quarter of 2011, which could alter the numbers.

Prices and number of sales on Summerset Homes are up and down, tending to spike in the summer. There has been a gradual price decrease on a SF basis over the last two years. Although the 4^th quarter numbers of 2011 are down significantly, this should not yet be viewed as a downward trend in the Summerset Real Estate Market. The downward trend in pricing may be due to the sale of larger homes. Large Homes tend to sell for less on a SF basis and I think Larger Summerset Home Sales have picked up as people looking for an excellent quality of life at a good price are moving to Summerset in Brentwood Ca.

Look at these numbers, look at this chart, look at these homes and give me a call at 925-260-4321.

Brentwood Ca Home Sales 94513 – For 2010 and 2011

Brentwood Ca Homes are some of the most popular Homes in East Contra Costa County. Brentwood offers some of the nicest and most affordable homes for the money in Contra Costa County.

Often times I look at trends from month to month and can miss the big picture of long term trends. Well here are some charts and figures for the last two years on a quarterly basis.

These numbers are for Single Family Homes in Brentwood – under one acre. There is probably still some reporting due on for the 4^th quarter of 2011, which could alter the numbers.

Prices and number of sales on Brentwood Homes are up and down, tending to spike in the summer. There has been a gradual price decrease on a SF basis over the last two years. However, this should not be viewed as a downward trend in the Brentwood Ca Real Estate Market. Brentwood Ca has excellent well priced large homes, some of the best buys on Large Homes in Contra Costa County. Large Homes tend to sell for less on a SF basis and I think Large Brentwood Ca Home Sales have picked up as people looking for an excellent quality of life at a good price are moving to Brentwood Ca.

Look at these numbers, look at this chart, look at these homes and give me a call at 925-260-4321.

Oakley Ca Homes for Sale

Oakley Ca Homes are Hot and the market is moving up. The myth is that homes get cheaper in the winter and that may be true at times, but this market continues to be driven up. This may be to a drop of supply in homes; the number of sales is going down, but pricing is heading up; with just a slight dip in October

In August 61 Oakley Homes sold for an average of $105.86 per SF; sales jumped up to 66 in September but the average price per SF dropped to $101.68. In October the total number of sales dropped to 49, but the Average price per SF was way up to $109.71.

As you can see there is a correlation between the number of homes on the market and the sales price per SF. Fewer Homes = Higher Prices.

Well right now there are 90 Home for Sale in Oakley Ca with an average Asking Price per SF of $126.52. These means the supply of Homes in Oakley Ca is less than 2 months. Generally speaking of supply of 4 months or less is considered a Sellers Market.

Oakley is a great place to live offering many types of homes and communities, with lots of recreational opportunities, shopping and fine dinning.

If you want to know more about Oakley Homes click on the some of the homes below and take a look at Oakley Homes or give me a call at 925-260-4321.

Take a look at this video and let me know what you think.

For Buyers and Sellers there is Great information.

For you Video Bloggers I want your Feedback and Suggestions.

Where is Home Building Going?

There is a lot of debate about what the home of the future will look like.  Many believe they will be smaller (I am not sure about that), but we all know it will change to meet changing lifestyles and taste.

Here is a link to a Great Article in the Wall Street Journal on the Home of the Future.

Many of these things I have seen and predicted, but not all. 

Now is the Time to Buy Your Deep Water Dock Home in Discovery Bay!

I am going to give you 3 Reasons Why Now is the Time to Buy:

1. Interest Rates have not been this low in the life time of most of us.  Most of us also understand that these rates will not last and inflation may be on the way.
   
   
2.  We have an unbelievable combination of not only Low Interest Rates but Low Prices with Homes at Prices we have not seen in over 10 years in some cases.  Rarely do you get this combination of Low Interest Rates and Low Prices.
   
   
3. It is Raining Cats and Dogs out!  Why does it make a difference if it is raining?  Because for some reason people do not realize that owning a Deep Water Dock Home in Discovery Bay is a 365 Day a Year Experience and some how only get the urge to buy a Deep Water Dock Home when the weather is nice.  Well people still have to sell these homes in winter and now some are getting more flexible.

Take a Look at These Homes - Then Take a Look at some of the Numbers Below - Then Contact Me!

Right now there are 28 Deep Water Dock Homes on the Market in Discovery Bay priced from $169,000.00 to $2,790,000.00.  They have been on the market 178 days on average and are priced at $281.25 per SF on Average.

In August 7 homes sold from $395,000.00 to $873,000.00 after spending an average of 68 Days on the Market and at an average price of $221.84 per SF.

In September only 3 Deep Water Dock Homes sold with prices of $300,000.00 to $450,000.00 after an average of 46 Days on the Market and at an average price per SF of $187.07.

What's Happening?  People are Waiting till summer to buy!  So get a deal - Buy Now!  The Best Bargains are on the higher end homes.