Archives for 2011

Orinda, CA Homeowners Waiting For Market To Improve

It appears Orinda homeowners are continuing to hold their properties off the market while they wait for market improvements. We are seeing reduced numbers of new listings taken and reduced market inventory. However, sales are down as well leading to about a 4 month supply of inventory. Median pricing is closing in on median sold prices which indicates that sellers are getting more realistic when pricing homes. Price per square foot appears to have stabilized. For more information on the Orinda market please call us at 925.212.8869.

Buyers Lament As Orinda Unsold Home Inventory Shrinks

The inventory of unsold Orinda homes remained low in March 2011 but sales activity slowed with numbers of accepted offers falling from February’s figures. There has been robust activity at open houses with many new buyers out looking for homes but overall buyers appear to be taking their time to find the perfect home. The number of new listings taken fell this month which will reduce the numbers of new homes available for sale. This is an opportune time for sellers who have been waiting in the wings to get their home on the market.


Contra Costa Unsold Housing Inventory Shrinks Again

The inventory of unsold homes in Contra Costa county continued its downward trend for the sixth consecutive month, dropping 5% from February’s figures. Market activity measured by accepted offers slipped this month reversing an increasing trend in January and February. Days on market for sold properties dipped slightly to 61 days; however, this may be the result of buyers offering on newer listings rather than an overall drop in days on market. The number of new listings taken fell in March which may reflect hesitancy of sellers to bring properties on the market. A common complaint heard from buyers at open houses is they don’t see as much “new” inventory as they would like. Open houses have been busy with many new buyers out looking but few seem to have a sense of urgency. I have attached graphs showing Market activity for the latest period and the past 12 months.


Latest API School Scores

The below links will take you to PDFs for the latest Alameda and Contra Costa County Schools API scores.
2013 Contra Costa School Scores

2013 Alameda School Scores

2012 Alameda School Scores

2012 Contra Costa School Scores

2011 Alameda School Scores

2011 Contra Costa School Scores

2010 Contra Costa School Scores

2010 Alameda School Scores




Median Contra Costa Home Prices Fall 27%

Recently released figures show the median price of Contra Costa single family homes fell from $550,000 in May, 2010 to under $400,000 in January, 2011.   Indications are that median prices are beginning to rise and Realtors report increasing open house traffic. This is an excellent time for value shoppers to take advantage of deeply discounted prices.

 

Latest Alameda County School Scores

We have the last Alameda County Academic Performance Index school scores for Alameda County including: Oakland, Berkeley and Hayward. Click below to download a PDF:

2010 Alameda School Scores