Tyler Moxley,  in Pleasanton, CA

Does anyone know where the market is going?

Asked by Tyler Moxley, Pleasanton, CA Mon Jun 11, 2007

Pleasanton is on the up, but what about other cities? I keep seeing homes that I feel are overpriced sell in a few days while homes I feel are great dont sell. Any thoughts on it?

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10
Hi All,

I am an realtor as well as a legal assistant. I work for an Attorney / Broker. I believe Pleasanton as well as other cities will see more foreclosures.

I help home owners who are facing a hardship and whos homes are underwater. I have clients in Livermore Pleasanton that cant afford their payments and will foreclose if they dont modify their loans.

If Pleasanton is on the up I believe that is artificial. With so many short sales here we are actually bringing prices back down. Up, from Where???

JoAnna Jensen

Realtor Legal Assistant

Volow Law Group

925 699 5041
0 votes Thank Flag Link Sat Sep 25, 2010
Really? I should ask you to go over to the owners of the house I sold in Pleasanton four years ago, currently $300K under last sales price, ...they would be encouraged to hear "Pleasanton is on the up,...". Perhaps they can expect to break even in 5-10 years, if you forget debt service and taxes. I wouldn't be surprised to see them take adidtional paper losses in the next year or two.
0 votes Thank Flag Link Thu Jul 1, 2010
Yes. Its going to go up and down. Seriously, study the past for a clue.
0 votes Thank Flag Link Fri Aug 31, 2007
Yeah... but you have to call me to learn the truth.
0 votes Thank Flag Link Thu Aug 30, 2007
Marin are going great gun, especially Southern Marin towns, ,our current supply is 3.4 months, just a tab higher than S.F's2.6 monthss.

Due to the proximity to the city, wonderful living environment - fabulous reputation, choice location, excellent schools, well run city governments, wonderful nature settings - view, water, open space, hill, woods,.,etc-; green enviornment, demographics, ..,.etc.

Everything about Marin just attracs home buyers. Limited buildable land keeps a tight grip on the supply side of housing. Scarce commodity demands money. As Novato is most affordable in Marin county, many people looks to Novato to downsize or upgrade. So, as a whole, no doubt that the market will continue to go up in Marin. .
0 votes Thank Flag Link Sun Aug 12, 2007
Sylvia Barry,…, Real Estate Pro in Marin, CA
MVP'08
Contact
Tyler, that is a good question. I wish I have the crystal ball. I found Roger's referral the website quite an enlightening!

Our Alameda - Contra Costa Market market is spotty at best. If the stats hold true we should peak in inventory during September but who knows. We are on the verge of many changes and only time will tell here.
Web Reference: http://pamwinterbauer.com
0 votes Thank Flag Link Sun Aug 12, 2007
Pam Winterba…, Real Estate Pro in Danville, VA
MVP'08
Contact
Austin is still Growing, we didn't have the EXPLOSION a few years ago in pricing so we are steadily climbing.
0 votes Thank Flag Link Tue Jun 12, 2007
If you want a sobering perspective, check out patrick.net and his analysis of how housing prices are disconnected from the fundamentals (income).
0 votes Thank Flag Link Tue Jun 12, 2007
Following local trends is what matters most. In the East Bay, there are communities like Pleasanton that are not suffering like others - say Antioch or Pittsburgh. You can get a free 14 page Market Details report at the link below.
0 votes Thank Flag Link Tue Jun 12, 2007
I am here in Ventura County and the market is still flat, virtually still a buyers market, homes are not moving quickly compared to two years ago, sellers are offering to bay costs and realtor fees have increased to encourage agents to show thier listings. It's a great time for investors, but sellers are having a difficult time here. It is unusual for us to have a market like this. School gets out in one week and many agents are hoping things will pick up then.
0 votes Thank Flag Link Mon Jun 11, 2007
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