Pleasanton Homes, Livermore, San Ramon and Dublin Homes saw an increase in the number of homes sold from November to December. Only Danville Homes saw a drop in the number of homes sold last month. So what’s the reason for the increase in home sales? Closing by years end and receiving tax write offs and/or loan programs expiring at years end equal a Must Close Scenario for many buyers. This produced a surge in the number of homes sold.
Here is a look at the sold home in the Tri Valley for December ‘08
After I did my duty of voting and then posting the Pleasanton Election Results and Dublin Election Results the following day I ran the home sales numbers as I do every month and was excited to see Pleasanton Home Sales, Danville Home Sales and Dublin Homes sales did very well in October. Below are home sales for the Tri Valley cities.
Tri Valley Home Sales November 2008 – Octobers numbers
The Promenade at Dublin Ranch has been one of the most anticipated developments in Dublin Ranch. Club Sport has been in talks with the Promenade at Dublin Ranch developers for some time. Last August a preliminary plan was presented to the planning commission of Dublin.
Plans call for 3 buildings at the South East corner near the Terraces (1 of 6 phases).
Building 1 – A ‘Main Street’ building at the entrance will house the fitness center with a group exercise room, pool, spa, spa treatment rooms, aerobics room, lockers, cafe and offices. They expect to employ 85 people with 35 working at a given time.
Building 2 – 3 Stories with a restaurant and offices.
Building 3 – 4 tier parking structure to the North
This aspect of the Promenade is not yet approved because of the use permits. This section of the Promenade is part of the overal 230,000 total square feet of the Dublin Ranch Main Street, The Promenade at Dublin Ranch. The Promenade will have dining, entertainment and office space located within the Villages at Dublin Ranch community.
Did you hear the news! Congress OK’s a Rescue Plan. We will not feel the effect of the plan on Pleasanton Home Values, Dublin Home Values, Danville Home Values, San Ramon Home Values and Livermore Home Values for some time. So… here is what we do know, the the stats from the home sales in the Tri Valley are below.
The Dublin Unified School District is placing Measure L on the ballot in November for Dublin residents to vote on a $96 parcel tax (seniors citizens and disabled persons can elect to not to be a part of the tax). Measure L is intended to…
“To support high academic achievement in math, science, reading, writing, and technology; attract and retain highly qualified teachers; maintain small class sizes; and provide ongoing teacher training, shall the Dublin Unified School District levy $96 dollars per parcel annually for five (5) years with an exemption for seniors and disabled persons, an independent citizens’ oversight committee, no money for administrator salaries and all dollars staying in our community to maintain a high quality education.” DUSD.
This is a hot topic – See the Around Dublin Blog post from Sept. 28th. Measure L Parcel Tax.
Many home owners are concerned over how Measure L will affect their home values.
Shopping for a Condo in Dublin Ranch or maybe a new home in Pleasanton? Rather than walk down the street of the home you see on your email updates. Hop online and virtually walk the street. Yes, we now have the ability to pretend walk.
These tools are helpful when receiving an email from your agent of a new home. You can see what schools, shopping and entertainments is close by and use the Street View to check out the neighborhood.
So you are thinking about buying an investment property and thinking about a foreclosure in Pleasanton or a short sale in Dublin. Unfortunately every time one comes up that is a deal, you get out bid or can’t get an offer in soon enough because you are too late.
For a list of foreclosures or short sales in the Tri Valley comment below.
Here is a game plan incase you don’t have one:
1. At the least get pre-approved, even if you think it will be no problem to do so. If your offer on that short sale in Dublin Ranch does not have one, the bank won’t look at your offer, sorry.
2. Know what you are looking for. 3 bedroom minimum in Pleasanton, must have garage, close to school, no pool, single level, indoor laundry… Focus on those properties you want only.
3. If it’s a rental, know neighborhood rents and be conservative. Don’t forget HOA dues. Dublin Ranch condos are a great investment with prices below $400,000 and rents above $2,000.
4. Looking at a fixer? Don’t sweat the appliances being gone or destroyed carpets and paint. Those are easy to take care of – Visit the Sears Outlet Store in San Leandro. How is the structure? How is the roof? How are the schools? Latest on Tri Valley School scores.
5. Be realistic in pricing. $400,000 condo in Dublin Ranch rents for $2,300. If you put 20% down your payments are pretty close to even cash flow. Most investors looking for a property like this will not go much higher than $400,000, so it will be hard to get it for $350,000. Think about who else might be looking at that foreclosure in Pleasanton you have an eye on.
6. Sweeten the deal. Short sale in Dublin was just secured for our buyers because the seller wanted to stay in the home and the buyer wanted a renter. We told the seller they could stay in the home. Offer Accepted! What makes your offer different from the other 7 offers written?
7. Not everyone is hurting. Even if the economy is ‘weak’ there are a lot of people with money investing in properties and flipping homes. Right now the competition for buyers is an investor who has done their homework. Have you done your homework? If you have, you will get an A in investing and make some great money from this market.
If you would like us to help you develop a plan, email us here.
For a list of foreclosures or short sales comment below.
This is not an article about why you should buy a Pleasanton home because everyone buys for different reasons. This may be a bad time for you to buy that condo in Dublin Ranch, but it may be a great time for you to buy that Danville home. This article is what we have observed from working with Tri Valley home buyers over the years.
In 2004 and 2005 the question for many tri valley home buyers and tri valley home sellers was ‘how long will this last?’ Meaning how long will prices increase. Today the question is ‘when will the bottom hit?’ And in 2007 the question was ‘Why would anyone buy a home in this market?’ In the papers and on the television the thoughts were similar. Last year you could pick up the paper and a headline would read ‘Where is the bottom of the market.’ Today I opened the paper and the headline was ‘Housing bottom coming into view.’ Real estate is always looked at in trends of month to month sales or year to year pricing. Since we are tri valley realtors we have a good look at the ‘emotional’ trend of buyers in the Pleasanton, Dublin, Livermore, Danville and San Ramon markets. As you could probably guess the trend or question we get now is ‘When should I buy a home?’ Today we have a lot of clients who want to buy a home, they just want to time is right. From the National Association of Realtors to CNBC many economists are pointing to some point in ’09 to be the bottom and a stabilization moving forward from the end of 2008. Before you say we have a bias opinion, we also see first hand the buyers in the Pleasanton, Dublin, Livermore, Danville and San Ramon markets who are waiting for the right point to purchase. Think of it like a group of runners at a start line shoulder to shoulder holding everyone else back waiting to sprint or ‘jump’ into the market. The number of people waiting is huge and once the media is in line with what those buyers at the start line want to hear or see in the data trends, the real estate market will explode. My point is this – Don’t try to time the market, you will have a hard time doing it because every markt is different, but buy a home for the reason our grandparents did! When the time is right for you, buy and hold.
While the Promenade at Dublin Ranch still in the ‘planning’ process from the City of Dublin there sure has been a lot of activity on the land. I took the picture below this morning of the Promenade and you can see the parking lot which was the former location of the Toll Brothers design and sales center is no more.
So why are there bulldozers on the land?
The Lin family asked Toll Brothers to relocate off the Promenade land in preparation for the coming Promenade development.
Currently nothing is approved for the Promenade, but there will be a section of the Promenade at the South East corner which is going for review next Tuesday.
Current information available:
There are a total of 6 ‘blocks’ within the Promenade at Dublin Ranch.
First up for review is at the corner of Grafton and Dublin Blvd. It will be a 3-story building with first level commercial and retail with second and third as office space.
Club Sport’s facility will be at this location as well.
Public hearing for the Promenade will be set for September at the earliest.
I can’t wait to see what the Promenade at Dublin Ranch will look like. We have all been waiting a long time!!
Pleasanton Home Sales, San Ramon Home Sales, Dublin Home Sales, Danville Home Sales and Livermore Home Sales for July again saw decrease in Days on Market! This is due to either an increase in the number of homes sold, decrease in number of available homes or both. Check the home sales of your city below.
Moxley Team serves Pleasanton Home Buyers and Pleasanton Home Sellers. From Dublin Ranch Condos to Dublin Ranch Luxury Homes the Moxley Team of Alain Pinel in Pleasanton provides Home Buying Tools and Home Selling Tips. MoxleyTeam.com provides info from Pleasanton Home Sales to Dublin Ranch Developments, Dublin Ranch News and Foreclosures in Pleasanton and Short Sales in Dublin Ranch.
925.621.4064 
SEARCH
