Dublin Ranch Homes Are Not as Vertical as They Could Be

Dublin Ranch homes are not as vertical as they could be, but many Dublin Ranch developers such as Toll Brothers are embracing this ‘growing’ trend. Neighborhoods are becoming vertical as more people are demanding that urban feel. Not only is land becoming scarce around Dublin Ranch, but more people desire to be close to where they work. Translation, high demand for proximity to commerce with scarce land and a shift in living styles allows builders to become vertical. Many of these high-rises feature residential units, retail space, and scores of amenities, aiming to ensure that occupants are in the middle of the action. This type of neighborhood already exists in Manhattan by Apollo Real Estate Advisors and Columbus Center LLC. The $1.7 billion, 2.8-million-square-foot Time Warner Center on ColumbusCircle offers upscale condos in the two towers along with a Mandarin Oriental hotel, retail space on seven floors, and TimeWarner’s headquarters. Vertical neighborhoods are also popping up in Dallas, Salt Lake City, and other cities nationwide. While we may not see this intense of a development in the backyard of Dublin Ranch any time soon… we may see a miniature version of it in Livermore and just down the 580 freeway from Dublin Ranch. While no official plans are on the table, word is city leaders have been approached with the idea of a multi-level condo type living with a luxury twist. Take Toll Brothers Villages community in Dublin Ranch off Tassajara and go bigger with more ‘urban’ amenities (upscale shops and restaurant) and you have what city leaders were initially approached with. Dublin Ranch is the first in our area to see this vertical living and many miniature vertical communities are popping up around Dublin Ranch (Elan by DR Horton, Sorrento by Toll Brothers). As Dublin Ranch and the surrounding communities continue to grow we will see more of this Urban Living and Livermore may be the first to take it one step further with an all encompassing urban community.Â

Pleasanton Real Estate – Long Term

Interesting numbers to look at in the Pleasanton Real Estate market coming out for the previous year, we see value holding strong. Why is Pleasanton still a great long term town to live in? Schools, parks, downtown, and lack of available land. Yes, the supply of land has a direct connection to the long term value of a community. With minimal land in Pleasanton available, prices of existing and even new communities will increase. Pleasanton is unique for having one of the greatest golf courses in the nation, top school scores in the state, a downtown people travel miles to visit, low crime in comparison to neighboring communities, and strong real estate values because of those factors. Pleasanton will continue to grow with and develop what little available land is left, but as we use all available Pleasanton land, our city and the prime homes within Pleasanton will increase in value and new Pleasanton residents who desire to live here will increase the value as supply decreases. As families look to buy homes in the area, they must consider Pleasanton as one that will hold value while still delivering the small town charm many communities are lacking. Â

The Weather Caused a ‘Cooling’ January Market!

Pending home sales declined 4.1 percent in January following a strong upturn in December because of unfavorable weather patterns, according to the NATIONAL ASSOCIATION OF REALTORS®. Aside from December, which got a lift from mild weather, the January index was the highest since last August. More There has been a narrowing trend from year-ago levels since last July when the index was 14.7 percent lower than a year earlier.”We’re seeing temporary near-term weather disruptions in much of the country, but there is an underlying pattern of stabilization in the housing market,” says David Lereah, NAR’s chief economist. “As a result of these weather disruptions, it may take a couple months for the picture to fully clarify, but a modest recovery is likely.”

If weather patters are holding back buyers from entering the housing market, then as we enter the Spring, housing supplies will decrease as buyers pick up remaining inventory. Initial 2007 projections were pointing towards a slow market, but as we enter 2007 we are seeing a much stronger market than was anticipated previously.

March 2007 Housing Update

As we always do at the beginning of the month we have created the housing update for the previous month. Charting the Sold homes in comparison to the amount of homes available at the end of the month. Click here to view this report and the direction the housing market is going.Â