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John Souerbry's Blog

By John Souerbry | Broker in Palo Alto, CA
  • Rancho Solano May 2014 Home Sales Report

    Posted Under: Market Conditions in Fairfield, Home Buying in Fairfield, Home Selling in Fairfield  |  June 3, 2014 3:57 PM  |  269 views  |  No comments

    The Rancho Solano May 2014 home sales report for this Fairfield, CA community reflects the limited inventory available and slow sales despite heavy demand for homes in this area.  Three homes closed escrow in May, ranging in price from $625k to $675k and an average time on the market of 62 days.

    There are six homes currently for sale, ranging from 9 to 87 days on the market (42 days average).  Even though homes are reasonably priced based on location, age and quality, Rancho Solano has some of the higher priced homes in the Fairfield area and therefore they sell slowly.

     

    June 1st Rancho Solano Home Sales Market Snapshot:

    • Homes active on the market: 13 (click to view > Rancho Solano Homes)
    • Distressed homes for sale:  Short Sale – 0  Foreclosure – 0
    • Price range of active listings: $449,375 to $785,000
    • Homes currently in escrow:  4

     

    Rancho Solano May 2014 Home Sales Report – Closed Sales

    Rancho Solano May 2014 Home Sales Report

     

    To search online for homes, land and all types of properties throughout Solano, Napa, and Sonoma Counties area, click here: Wine Country Property Search.

    Contact Us for more information regarding this Rancho Solano May 2014 home sales report or for help buying or selling Wine Country real estate.

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    John A. Souerbry & Associates  Call John: (707) 317-0280  (CalBRE 01370983)

  • Alamo May 2014 Home Sales Activity Report

    Posted Under: Market Conditions in Alamo, Home Buying in Alamo, Home Selling in Alamo  |  June 3, 2014 10:16 AM  |  131 views  |  No comments

    The Alamo May 2014 home sales report reflects strong demand for mid priced homes, from $1.2M to $1.7M.  Twenty one homes closed escrow in May, with an average selling price of $1,728,423 and mean time to sell of just 10 days.  There are 32 homes now in escrow with an average listing price of $1,440,750 and 11 days on the market.

    There are 54 homes actively listed today, up from 31 last month.

    June 1st Alamo Market Snapshot:

    • Homes active on the market: 54 (click to view > Alamo homes for sale)
    • Distressed properties for sale:  Short Sale – 1  Foreclosures – 0
    • Price range of active listings:  $875,000 to $42,000,000
    • Number of homes now in escrow:  32


    Alamo May 2014 Home Sales Report – Closed Sales

    Alamo May 2014 Home Sales Report

     

    Contact Us for more information regarding this Alamo May 2014 home sales report or for help buying or selling East Bay real estate.

    To search for property listings of all types in Alamo and the East Bay, including homes, land, income property and more – click > East Bay Property Search.

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    John A. Souerbry & Associates  Call John: (925) 323-1450 (CalBRE 01370983)

  • Lafayette May 2014 Home Sales Report

    Posted Under: Market Conditions in Lafayette, Home Buying in Lafayette, Home Selling in Lafayette  |  June 3, 2014 10:01 AM  |  152 views  |  No comments

    The Lafayette May 2014 home sales report for homes that closed escrow reflects the exclusive nature of East Bay luxury property sales – few homes on the market and prices are currently holding steady.  Thirty eight homes closed escrow in May, with an average sale price of $1,375,472 and a mean time on market of just 12 days.  There are currently 44 homes in escrow with an average listing price of $1,337,510 and 10 days on the market.

    There are currently 40 homes for sale, up from 36 last month.

     

    June 1st Lafayette Market Snapshot:

    • Homes active on the market: 40 (click to view > Lafayette homes for sale)
    • Distressed properties for sale:  Short Sale – 0  Foreclosures – 1
    • Price range of active listings:  $769,000 to $7,750,000
    • Number of homes now in escrow:  44


    Lafayette May 2014 Home Sales Report - Closed Escrows

    Lafayette May 2014 Home Sales Report

     

    Contact Us for more information regarding this Lafayette May 2014 home sales report or for help buying or selling East Bay real estate.

    To search for property listings of all types in Lafayette and the East Bay, including homes, land, income property and more – click > East Bay Property Search.

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    John A. Souerbry & Associates  Call John: (925) 323-1450 (CalBRE 01370983)

  • Orinda May 2014 Home Sales Report

    Posted Under: Market Conditions in Orinda, Home Buying in Orinda, Home Selling in Orinda  |  June 3, 2014 8:54 AM  |  130 views  |  No comments

    The Orinda May 2014 home sales report reflects the steady market for East Bay luxury homes, with homes in the lower end of the local price range selling quickly and sales moving slower for homes in the upper end. Thirty homes closed escrow in May, with an average sale price of $1,471,568 and median sale time of 10 days.  There are 45 homes now in escrow with a slightly higher average listing price of just over $1,500,000 and mean time on market of 19 days.

    There are currently 50 homes on the market, up from 34 on May 1st.  The average list price is just over $2,100,000 and the mean time on market is 35 days.

     

    June 1st Orinda Market Snapshot:

    • Homes active on the market: 50 (click to view > Orinda homes for sale)
    • Distressed properties for sale:  Short Sale – 0  Foreclosure – 0
    • Price range of active listings: $699,000 - $6,300,000
    • Homes now in escrow:  45


    Orinda May 2014 Home Sales Report – Closed Escrows

    Orinda May 2014 Home Sales Report

     

    Contact Us for more information regarding this Orinda May 2014 home sales report or for help buying or selling East Bay real estate.

    To search for property listings of all types in Orinda and the East Bay, including homes, land, income property and more – click > East Bay Property Search.

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    John A. Souerbry & Associates  Call John: (925) 323-1450 (CalBRE 01370983)

  • Atherton May 2014 Home Sales Report

    Posted Under: Market Conditions in Atherton, Home Buying in Atherton, Home Selling in Atherton  |  June 3, 2014 7:32 AM  |  128 views  |  No comments

    The Atherton May 2014 home sales report reflects the continuing strong market throughout Silicon Valley and relatively high value of Atherton luxury homes.  Of the 13 homes that closed escrow in May, nine sold below $6,000,000 and two sold above $10,000,000 (see below).  The median time on market prior to sale was 12 days.

    There are currently 29 homes on the market at this time, up from 28 at the beginning of May.  Only three homes came on the market in the past week, most have been on the market over 30 days.  This is common for luxury markets due to the smaller pool of buyers for ultra-luxury homes (nine homes are currently listed above $10,000,000). Eight of the 9 homes in escrow are priced under $6,000,000.

    June 1st Atherton Market Snapshot:

    • Homes active on the market: 29 (click to view > Atherton homes for sale)
    • Distressed properties for sale:  Short Sale – 0  Foreclosure – 0
    • Price range of active listings:  $1,695,000 to $25,000,000
    • Number of homes now in escrow:  9 (down from 12)

     

    Atherton May 2014 Home Sales Report – Closed Sales

    Atherton May 2014 Home Sales Report

     

    Contact Us for more information regarding this Atherton May 2014 home sales report or for help buying or selling Silicon Valley real estate.

    To search for property listings of all types in Atherton and Silicon Valley, including homes, land, income property and more – click > Silicon Valley Property Search.

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    John A. Souerbry & Associates  Call John: (650) 815-6182 (CalBRE 01370983)

  • Menlo Park May 2014 Home Sales Report

    Posted Under: Market Conditions in Menlo Park, Home Buying in Menlo Park, Home Selling in Menlo Park  |  June 3, 2014 6:58 AM  |  111 views  |  No comments

    The Menlo Park May 2014 home sales report reflects the strong market throughout Silicon Valley and the fast pace of sales in Menlo Park.  31 of 36 home sales that closed escrow in May were sold within 30 days, with a median selling period of just 11 days.  Prices were strong for condos and single family homes.

    New homes are coming on the market at a steady rate for the summer – and selling just ask quickly.  Forty two of the 50 homes on the market were listed within the past month.  Thirty five of the 44 homes now in escrow sold in less than 30 days.

    June 1st Menlo Park Market Snapshot:

    • Homes active on the market: 50, up from 31 last month (click to view active listings > Menlo Park homes for sale)
    • Distressed properties for sale:  Short Sale – 0  Foreclosure – 1
    • Price range of active listings:  $559,000 to $5,850,000
    • Number of homes now in escrow:  44, up from 34 last month

    Menlo Park May 2014 Home Sales Report – Closed Escrows

    Menlo Park May 2014 Home Sales Report

     

    Contact Us for more information regarding this Menlo Park May 2014 home sales report or for help buying or selling Silicon Valley real estate.

    To search for property listings of all types in Menlo Park and Silicon Valley, including homes, land, income property and more – click > Silicon Valley Property Search.

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    John A. Souerbry & Associates  Call John: (650) 815-6182 (CalBRE 01370983)

  • Los Altos May 2014 Home Sales Report

    Posted Under: Market Conditions in Los Altos, Home Buying in Los Altos, Home Selling in Los Altos  |  June 2, 2014 5:38 PM  |  120 views  |  No comments

    The Los Altos May 2014 home sales report reflects strong demand and steady prices.  Sixteen homes closed escrow in May and all were on the market less than 30 days (median time on market – 9 days).

    There are 19 homes active on the market, of which 12 have been for sale less than 30 days. There are presently no short sale or foreclosures listings.

    June 1st Los Altos Market Snapshot:

    (down from 30 on May 1st)

    • Distressed properties for sale:  Short Sale – 0  Foreclosed – 0
    • Price range of active listings:  $1,098,000 to $12,750,000
    • Number of homes now in escrow:  34 (up from 27 on May 1st)

     

    Los Altos May 2014 Home Sales Report – Closed Sales

    Los Altos May 2014 Home Sales Report

     

    Contact Us for more information regarding this Los Altos May 2014 home sales report or for help buying or selling Silicon Valley real estate.

    To search for homes, land and all types of properties in Los Altos and throughout Silicon Valley  – click > Silicon Valley property search.

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    John A. Souerbry & Associates  Call John: (650) 815-6182 (CalBRE 01370983)

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