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Your Tri-Valley Market Report

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If you live in the Tri-Valley, you may be aware of the craze the real estate market has been in for over a year. Home sales are at an all-time high, sellers are experiencing multiple offers, often above asking price such as my latest listing at 1629 Prima Drive in Livermore that closed $313,000 over asking price, and homes are selling before they even go on the Multiple Listing Service (MLS). 

Buyers eager to move to a more comfortable lifestyle with more room to grow, as we have been reporting in our blogs over the past year, are bidding with all their might, often being advised their offer was not the one accepted. 

Throughout all of this roller coaster real estate chaos, one fact is certain: the Tri-Valley continues to be a stable place to call home. If you are lucky to live in our area with the beautiful parks and trails, you know this is just a little slice of peace on earth. If you are wanting to buy in the Tri-Valley area, we say, “Welcome, Neighbor!”

Dublin Market Report

This Dublin Market Report details the latest real estate activity for Dublin, CA and is consistent with what The Gamache Team is seeing in our everyday transactions. 

Notice the number of days on the market is zero, compared to our report last month, when the number of days on the market in Alameda was 63. This could very well be an indicator of where the market is headed in the future.

Pleasanton Market Report

The Pleasanton Market Report also shows 0 days on market. Pleasanton continues to bring families to town who like the community feeling, the easy access to shopping, plethora of dining, and trails, parks, and location.

Livermore Market Report

The Gamache Team is seeing a renewed interest in Livermore. Its quaint downtown, parks, wineries, golf courses, and weather draw individuals and families to this ranch city. Our sale at 1629 Prima Drive was a record-hitting sale, and we received many offers for this home that went pending within 10 days. We expect to see more buyers investing in the prime real estate in Livermore.

Thinking of Moving to the Tri-Valley? Debating on Cashing in and Selling Your Tri-Valley Home? Contact The Gamache Team

In this crazy market, it’s important to work with an experienced team of professionals who can guide you to making the best real estate decision. The Gamache Team lives, works, raises our families, and volunteers in the Tri-Valley. We would be honored to be your realtor. Let’s work together! Contact us!

SOLD in Pleasanton! 100,000 Over Asking Price

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The Gamache Team is pleased to announce the quick sale of our latest listing at 979 Rose Avenue in Pleasanton which was listed for $1,899,999 and which sold for $2,000,000.

This incredible estate features some of the most sought after amenities in real estate: large backyard with pool, gazebo, raised planter beds and fountains, workout room, bonus room, deck off the master suite, separate au pair unit, centralized gourmet kitchen, separate living quarters downstairs, and so much more!

The proximity to Downtown Pleasanton, trails, parks, and convenience to the freeway were added bonuses to this custom 6 bedroom, 4 bath home on .34 of an acre lot. 

Pending in 5 Days Despite the Holidays

The Gamache Team listed 979 Rose Avenue in Pleasanton on December 2 and had a solid offer in days. We officially went into contract/pending on December 7, allowing both sellers and buyers to enjoy their holidays. 

979 Rose Avenue in Pleasanton is Officially Sold!

The New Year started out amazing for both our sellers, who were pleased with an offer $100,000 over asking price, and the buyers who are now in their new custom home. 

2020 Home Sales Soar During Holiday Market

Despite the holiday market and low inventory, The Gamache Team was confident in our decision to list a home during this time. The holiday season, while traditionally a slow time, was different in 2020 where there didn’t seem to be any sign of a slowing market. 

Our listing at 929 Rose Avenue in Pleasanton had everything a serious buyer who was pre-approved wanted…and more!

The low inventory made for an even better reason to list, since we knew more buyers would be looking at our listing.

Now is the Time to Buy and Sell. Contact The Gamache Team to Represent You

February starts the traditional real estate market, but the 2020-2021 real estate market has not slowed down. Buyers will be seeing more inventory on the market for reasons we discussed in our last blog, and sellers are predicted to still see signs of a seller’s market. Click Here to stay informed with the Pleasanton market since our image won’t click through!

The Gamache Team has been serving the residents of the Tri-Valley for over 40 years, and we have a vested interested in serving the needs of clients in the area we, too, call home. 

Please contact us for information about listing your Tri-Valley home or helping you find a home in one of the best places in the Bay Area to live!

 

 

Real Estate Statistics for Alameda County from The Gamache Team

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Despite what Punxsutawney Phil says about six more weeks of winter, spring is in the air and February has traditionally been a strong start for the real estate market.

More people put their home on the market in spring and more people tend to start looking for a home in spring. Warmer weather, the end of a school year in sight, more inventory, the hope for a higher price as a seller, and better curb appeal with blooming spring flowers are just some of the reasons spring real estate markets are HOT.

The 2021 Real Estate Market Has Not Cooled Off

If you have been following the real estate market, you know that the housing market has been the strongest in years. In our January blog, How the Growing State of Uncertainty is Affecting the Real Estate Market and What this Might Mean to Home Buyers and Sellers, we shared why the real estate market is strong.

The Gamache Team had a busy year last year and is gearing up for another busy spring market. Record low mortgage rates, while a bit higher now than in December, are one of the main reasons people are moving. People can afford more or get a bigger home.

Other reasons to move include being able to live in a more suburban or rural area that is free from the pollution, overcrowding, and parking issues that large cities often have; choosing a home that offers more space to work, live, play, and workout; moving to be closer to friends and family for support; and moving to areas where kids can attend schools in person.

Also, with so many employees working remotely, they can leave the city life where their jobs are typically located to a home and neighborhood that fits their lifestyles better.

Alameda County Real Estate Market Reports

Here are the most up-to-date real estate market reports for single family homes in Alameda. (source: Altos Research 2/3/2021)

Spring Real Estate Advice from The Gamache Team

With the spring market kicking into high gear, The Gamache Team expects more inventory which also brings out more buyers. Competition has been fierce in this market to snatch homes up as soon as they hit the market, but for people looking to purchase a great home in the Tri-Valley area, it’s also important to look at homes that have been on the market longer than average. These sellers might be more eager to accept an offer equal to or a bit below asking price.

It’s also important to come prepared with an open mind to not get everything you want in a home and to have a loan approval letter in hand. The more attractive you are to a seller, the more likely your offer will be accepted. Price isn’t the only factor sellers consider when accepting an offer.

Considering a Move in the Tri-Valley? Contact The Gamache Team

With years of real estate experience under our belt, The Gamache Team has been helping Tri-Valley buyers and sellers for decades. Now more than ever, the home is more than just a home; it’s a place to work, learn, grow, gather, and play.

Today’s home represents a way of life. With these changing times, residents are realizing their needs may not be met in their current home situations, so they are turning to The Gamache Team to find them a home that better fits their needs.

If you are in the market to buy or sell a home, contact The Gamache Team.

 

How the Growing State of Uncertainty is Affecting the Real Estate Market and What this Might Mean to Home Buyers and Sellers

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2020 is out and 2021 is in! While progress has certainly been made with our global health, and we are about to welcome a new era of leaders, there is still quite a bit of uncertainty in what we once knew as “normal.”

Leaders project we may never go back to a new “normal,” where dining out, socializing in large crowds, and hitting the gym after work was quite usual.

What does this mean to homeowners and the real estate market? Sources from Inman News and other reputable experts predict that due to our current circumstances, the real estate market will continue to be a powerful force in 2021.

A Strong Prediction for Real Estate and its Impact on Homeowners

It’s been a long 10 months of sheltering in place. This new way of working and living is changing the way people are thinking about their future.

Commuting to the office or living in an area that is “close to” the office is out, and working remotely is “in.”

That means homeowners are looking for more space for a home office that is separate from the rest of the family who is also working or learning remotely.

Gym equipment is filling up extra bedrooms or garages, creating the need for more space, extra rooms, bonus rooms, or even accessory dwelling units.

Kids are moving back home, elderly parents are needing at home care, and some couples are re-evaluating their future living situations. This creates a need for different housing layouts or larger or smaller houses.

Backyards are becoming a haven, an oasis for escape. Now used as places to entertain, have small holiday get togethers, and be a resource to enjoy life instead of going out on the town, yards are one of the most used parts of the home.

What about the impact of the people moving out of the area? Some are finding their dream homes in other parts of the state or country where they can find a larger or more affordable home. Or in some instances, homeowners are moving to locations that fit their beliefs and lifestyles better.

So what does this mean for you as a homeowner? Plenty if you are thinking of Buying or Selling.

The Impact of the 2021 Real Estate Market on Home Buyers and Sellers

If the thought of moving into a new home for any reason is appealing to you, you will be one of several home buyers who are competing for limited inventory.

This means you need to be ready with a loan approval in hand and a strong offer. Consulting with a reputable Realtor® who has experience with a tight market will be in your best interest.

If you are seller who wants to cash out in a strong seller’s market, you want to make sure you list your home with a Realtor® who will position your home to sell quickly and for Top Dollar. Preparing the home to attract as much attention as possible with brilliant professional photos, staging, and strong marketing ensures you get a home buyer who sees the value of your home and will pay you the price you deserve.

Contact The Gamache Team for Your Home Buying and Selling Needs

The Gamache Team has been especially busy this last year helping home buyers and sellers with their real estate needs. With a strong seller’s market, it is imperative you work with an agent experienced in the sale and purchase of a home in your market area.

No one wants to leave money on the table; The Gamache Team can help prepare, market, and sell your home in the Tri-Valley area for Top Dollar.

Should you be moving to our beautiful Tri-Valley area, we welcome you to view our communities then call us to help you purchase your home. We know the area, the other Realtors®, and the price you should offer to help your offer get accepted.

Please contact us; we look forward to helping you in 2021 and beyond, no matter what the market has in store!

 

 

Should I Stay or Should I Go? The Deciding Factors to Sell or Stay in the Tri-Valley

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If you, like many residents in the Tri-Valley, are contemplating whether or not to cash in on the hot real estate market, you may be interested in the latest market statistics.

These statistics, along with information provided by a professional Realtor®, may be the deciding factors to put the for sale sign up on your property or bunker down for the holidays and the coming year and stay in place.

Market Statics to Help You Decide Whether or Not to Sell in Dublin, Livermore, or Pleasanton

According to MLS market reports regarding Dublin, Livermore, and Pleasanton

  • Alameda is still seeing a low supply of homes for sale, but the demand is very high.
  • Median home prices have jumped significantly due to fair market value.
  • Home sales of more expensive homes have increased.
  • Some buyers are paying cash for homes.
  • Multiple offers above asking price are not uncommon.
  • Home prices are reaching their peak.
  • The hot summer market is continuing through autumn.
  • Q4 is expected to remain more active than previous years.
  • Contracts for pending homes is up 32% over last year.
  • Sales of higher priced homes is on the rise.

The Tri-Valley Market Predictions for 2021

According to Leslie Appleton-Young, Vice President and Chief Economist of the California Association of Realtors® (C.A.R.), home sales will continue to improve through 2021. She based her predictions on growing buyer demand and low inventories which will most likely cause an increase in pricing.

Other factors that indicate home sales will rise:

  • Continuation of low interest rates
  • Growing consumer confidence
  • Ability to work from home
  • Need for school study area and home office
  • Delayed sales due to pandemic
  • Desire to move away from large cities to a more suburban or rural lifestyle
  • Trend to buy a more luxury home with more space
  • Buyers want a better quality of life

If You or Someone You Know is Thinking of Moving, Please Contact The Gamache Team

With years of real estate experience under their belt, The Gamache Team has been helping Tri-Valley buyers and sellers with their real estate needs for decades. Now more than ever, the home is more than just a home; it’s a place to work, learn, grow, gather, and play.

Today’s home represents a way of life. With these changing times, residents are realizing their needs may not be met in their current home situations, so they are turning to The Gamache Team to find them a home that better fits their needs.

If you are in the market to buy or sell a home, contact The Gamache Team.

 

The Pace of Tri-Valley Home Sales Hits Record High With No Sign of a Slowdown

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According to the National Association of Realtors®, September 2020 Home Sales were 10.5% higher than those in August 2019.  U.S. News and World Report states that more homes have already sold in 2020 than in 2019, and we are barely into the third quarter. The momentum in home sales hasn’t been this strong since December 2006 when the Great Recession hit.

Reasons for Explosive Home Sales in the Tri-Valley Area

Two primary factors play into the reasons home sales are exploding. First, we have historically low interest rates. Homebuyers who previously haven’t been able to afford a home can now afford one. As well, those who were once in a target price zone can now afford more of a home. The dollar goes a longer way with rates in the 3’s and previously the 2’s. 

Secondly, there are more homebuyers shopping for a home than there are homes for sale. Millennials and Gen Z buyers are the hottest buyers, aging to the point where homeownership is currently important to them.

Other buyers include families who want a bigger home to accommodate “the new normal.” Popular homes are ones with spare bedrooms, ADU’s, third car garages for a home gym, and space for everyone to work, learn, and co-exist. 

With so many people competing for homes, homes are being snatched up. Many sellers are experiences multiple offers way over asking price, some that are cash only, and others with terms too enticing to pass up, leaving many still without keys to a new home. 

Our July blog spotlighted the trend of many homebuyers to move out of rural areas to be closer to cities that provided restaurants, shopping, dining, and recreational opportunities. The American Dream started to become a reality for homebuyers who were finally able to live to work instead of work to live.

The Gamache Team’s Experience with the 2020 Home Sales Surge in the Tri-Valley

The jump in home sales is consistent with the momentum The Gamache Team has seen over the past several months. While our spring market came to a slight halt, our summer sales experience more than made up for the delayed spring market.

Sellers who trusted The Gamache Team with their home sales in the Tri-Valley, especially Dublin, Livermore, and Pleasanton, were pleased to have their homes in contract within a week on average. It was not uncommon to be able to receive multiple offers, many over asking price and with terms too good to pass up.

We prepared our buyers to battle for the home of their dreams in the Tri-Valley. Knowing that the demand for homes was greater than the supply, the Gamache Team made sure our buyers were fully prepared with loan approvals, solid offers, and competitive terms and attractive pricing.

Considering a Move in the Tri-Valley? Contact The Gamache Team

With years of real estate experience under our belt, The Gamache Team has been helping Tri-Valley buyers and sellers for decades. Now more than ever, the home is more than just a home; it’s a place to work, learn, grow, gather, and play.

Today’s home represents a way of life. With these changing times, residents are realizing their needs may not be met in their current home situations, so they are turning to The Gamache Team to find them a home that better fits their needs.

If you are in the market to buy or sell a home, contact The Gamache Team.

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