Pleasanton introduced 14 new properties for the week of November 1st. The inventory for Pleasanton homes for sale has been declining rapidly. There are only 215 properties for sale. Fortunately this week there are a few nice ones to discuss. Valencia is a subdivision in Hacienda Business Park that introduced 5190 Genovesio Dr to the market. This home was built in 1995 and it is listed at $699k. Bridle Creek has a new listing on 836 Summit Creek Ln. This home is a single story listed at $1,200,000, and it is a foreclosure. The best buy of the week is 7759 Country Lane. Country Lane is a special location off Foothill Rd. on the South end of town. This home is 3496 sq ft on almost a full acre. The list price is 1,1,000,000 which is a great price for a special property. You can view pictures for these properties by click here!
Hot New Listings in Livermore
The week of November 1st Livermore introduced 25 new homes for sale. There are some beautiful homes that came up on the South Side of town. 2324 Rock Point Place is a beautiful home in The Oaks. This home is 3405 sq ft of living space on a large lot for $1,039,000. 1125 Orchid Place is a another sharp home in the Prima subdivision. This home is 3532 sq ft that is listed for $955k. The best buy of the week is 716 Traviso Cir which is in the Alden Lane neighborhood. This home is 3655 sq ft and is listed at $899k. That is only $246 a square foot which is a great price for that location. There was also a foreclosure that came on the market in The Bluffs subdivision. 2179 Bluffs Dr is 3584 sq ft of living space and listed at $749k. That is an awesome price for the home although the location is on the outskirts of Eastern Livermore. You can view all these homes by clicking here!
Is now the right time to buy a house?
Simple answer is absolutely! The interest rates are ridiculously low and most likely will not get any lower. Inventory is on the lower side but there are still some nice homes available at good values. Concerns that will always be out there are where is this market going? You are always going to ask yourself this question and if there was certainty in anything everyone would be doing it. Is your job safe is another concern; well only you can answer that? If you have concerns regarding your job status research it more. Talk to your employer and let them know you are planning to buy a house. Maybe you want to save more money, well by the time you save enough money this market might pass you by. In another year or two the short sales and foreclosures should be cleared up and growth should begin. Yes interest rates will rise but they would have to double to maybe have an effect on prices. The government knows the economy needs real estate to come back and they will keep rates attractive. In the late 1990’s and early 2000’s interest rates were 7-8% and that was at the start of the boom. Homes will still sell when rates increase. Take a leap of faith and do it!
Pleasanton Market Update
The week of October 17-24 Pleasanton had more sales then new listings. Inventory has decreased to a total of 234 homes for sale in Pleasanton. There were 14 new listings that came on the market this week. 2744 Foothill Rd. is a custom home on the market listed at $1,389,000. This is a great lot in a good location but probably should be listed at 1.2 million. This home was built in the mid 1980’s and has not been upgraded. Benjamin Ct is a beautiful home available in Town Square. This home is only 2 blocks from Downtown Pleasanton and is listed at $699k. 7370 Hillsdale is great single story home in the Stoneridge neighborhood. It is priced well at $745k but the entire yard is pool. Pools can help a home but more often then not they hurt a home! The best buy of the week is 7717 Cottonwood Ln on the Westside of Pleasanton. This home is 4 beds 2 baths with 1600 sq ft and listed at $615k. If you would like to view any of these homes we are always available to show any of them!
What is a good deal?
A good deal in today’s real estate market is based on what? Getting a lower price then the last comparable? Getting a historically low interest rate? Homes being purchased on the MLS are generally all sold within the perimeters of other recently sold properties. Occasionally a buyer will find a seller willing to take a much lower price but those deals are not that common in most areas. A good deal really is within the eye of the beholder. If a buyer feels he got a good deal then great! Although the people willing to take the most risks are really the ones getting the good deals though! Buying homes on the court steps is a risky business but there are people making a killing at it. When a home is foreclosed on it gets auctioned off at the courthouse steps for each county. Teams of investors constantly research these properties to find these deals. This is no business for anyone; there is a lot at risk. These investors are buying homes without inspections and most importantly without title insurance. Title insurance often gets overlooked but it is a must when buying a home! The research that is done prior to the auction date is primarily on the property lien holders but also on the sellers. Liens that the seller has can often attach themselves to these properties. If an investor buys a property and overlooks something he could be responsible for those liens. Also if a house has a foundation problem there is no giving the property back. These investors are backed with a lot of money and generally are good at what they do. That is why they are making some really good money flipping these homes. Again this is not a business for anyone but they are the ones really getting the good deals!
Hot Pleasanton Listings!
Pleasanton has 13 new listings the week of Oct 10-17! Pleasanton Valley has a Heritage model that has just hit the market at $875k. This is the largest model in the ultimate family neighborhood. The home has some nice upgrades, but needs a little more. The location is perfect near two parks and on the quiet end of Blackbird. Windsor has a new listing on Meadowlark Dr. which is listed at $691k, and it backs up to open space. This home is in very clean condition with a little view on the Pleasanton hills. 2987 Liberty Dr is in Shadow Cliffs and this home also backs up to open space. The floor plans is a little chopped up but it is in good condition. Bridle Creek has clearly the nicest home on brokers tour today. 838 Sunny Brook Way is a stunning home in South Pleasanton. The home is 6 bedrooms 5 bathrooms with 4455 sq ft of living space. The backyard has a beautiful pool with a waterfall and spa. The home is listed for $1,599,000. You can view these homes by clicking here!
