Our Monthly Real Estate Weather Report

April Showers Bring May Flowers!

This saying couldn’t be more true for our month this May! In April we were showered with listings and sales. Our team made the market rain! This set us up for a full bloom in May. We were able to end the Spring selling season with a bouquet of happy clients.

Now we’re fired up for the HOT summer selling season. If you or someone you know is looking to buy or sell, contact the team that’s flaming with success!

Now, spring to it and check out all the beautiful homes we sold!

3879 Picard Avenue, Pleasanton – Sold for $2,029,500

With multiple offers way over list price, we went pending after 8 days on the market. We were able to get our sellers $34,500 over list price. Shortly after we listed the buyers’ previous home, and it’s already pending! Virtual Tour

 

1631 Sunnyvale Avenue, Walnut Creek – Sold for $770,000

We represented the buyers who purchased this beautiful one story home for their daughter’s first house. Our negotiation skills helped us get the home even with multiple other offers.

39460 Sundale Drive, Fremont – Sold for $1,010,000

This home sold for $51,000 over list price! We represented the sellers, who are now buying a stunning home from us in Pleasanton. Virtual Tour

 

 

565 Trebbiano Place, Pleasanton – Sold for $1,595,000

We represented both the sellers and the buyers of this beautiful home. Located in the prestigious golf community of Ruby Hill, it sold for $46,000 over list price. Virtual Tour

 

Bixler Road, Byron – Sold for $400,000

This was a vacant lot where we represented the sellers. It had gone off the market, but we kept persevering to find the perfect buyers, and we did!

4102 Pleasanton Avenue, Pleasanton – Sold for $1,420,000

This was a highly sought-after property where we beat out multiple offers due to our winning strategies. Our buyers are extremely happy to be in the heart of downtown Pleasanton!

28 Castlewood Drive, Pleasanton – Pending

Offered at $1,899,000 this is the first time in 50 years this home has been on the market! This piece of Pleasanton history named “Vistas Verdes”, or Green Views, was a delight for us to list. Our sellers received multiple offers way over list price! Virtual Tour

468 Trebbiano Place, Pleasanton – Pending

Offered at $1,579,000 this beautiful Ruby Hill home was only on the market for 8 days! Featuring over $240k in upgrades, remodeling the kitchen and upgrading the backyard. Our sellers received multiple offers way over list price! Virtual Tour

21 Verbena Court, San Ramon – Pending

Offered at $1,299,000 our sellers received multiple offers way over list price! The sellers of this home were the buyers for 3879 Picard Avenue. We love having happy clients where the home buying and selling process are a win. Virtual Tour

 

7476 Limerick Avenue, Dublin – Pending

Offered at $888,000 we are representing the buyers. They’re very excited as they will be first time home owners! We competed against other offers, but our strategies prevailed.

Even with more inventory coming on the market and price reductions in top tier homes, it remains a seller’s market.

Ready to sell? Great! Let’s get together and discuss a strategy for getting you top dollar for your home during this Summer Selling Season. Contact us

Ready to buy? Great! Let’s get together and discuss a strategy for competing and winning against other buyers in this competitive market. Contact us

Marketing and selling high-end Luxury Homes in the Tri Valley is what we do best, but on this real estate journey, it’s all about the people we meet on the way, connecting them to each other and the places they call HOME.

Homeowners back above water…

Homeowners rise above underwater mortgages

Amy Swinderman | Inman News | May 4, 2015 | link

Black Knight report says the number of homeowners in negative equity positions has shrunk by 1.6 million in the last year.

Although a majority of distressed homeowners are plagued by mortgages that far exceed the actual value of their homes, the number of homeowners with underwater mortgages is shrinking, according to Black Knight Financial Services’ latest Mortgage Monitor Report.

The mortgage industry technology and data analytics provider said that 77 percent of borrowers in foreclosure have underwater mortgages, and about a third of borrowers in active foreclosure have current loan-to-value ratios of 150 or more, meaning they owe 50 percent more than their homes are actually worth.

But the number of homeowners in negative equity positions has shrunk by 1.6 million in the last year, Black Knight said. In addition, negative equity distribution varies considerably depending upon geographical location and home values within a given market.

The top five states by percentage of borrowers underwater are Nevada (16.4 percent), Florida (15.1 percent), Maryland (14 percent), Illinois and New Jersey (13.7 percent). Florida and California account for 26.5 percent of the nation’s underwater population, and Florida alone makes up approximately 16 percent.

Of the 10 states with the highest levels of negative equity entering 2014, Missouri and Georgia have seen the greatest improvement, with underwater populations shrinking 47 and 43 percent respectively in those states. Only West Virginia and South Dakota saw increased negative equity over the past 12 months, rising from 7.6 to 8.3 percent and from 1.9 to 2 percent, respectively.

Overall, only about 8 percent of all borrowers are currently underwater on their mortgages, but we have seen a 30-percent reduction in the negative equity rate since this time last year, Black Knight said. Lower-value homes continue to struggle with negative equity and are nine times more likely to be underwater than homes in the top-20 percent value category.

Read more…

The dream is still alive and well…

Homeownership remains a key part of the American Dream

Homebuilder’s Association | May 2, 2015 | link

 

Home is where the heart (and $$) is…

Why Real Estate Should Be in Your Portfolio

BNP Paribas Investment Partners’ Jan Willem Vis argues that having listed real estate in your portfolio can lift your returns.

Investors who have been inclined to dismiss listed real estate as an attractive asset class since the financial crisis should perhaps reconsider, as they could be missing out on the important roles that listed real estate can play in multi-asset portfolios. Not only can it operate as a proxy for direct real estate while generating diversified returns – with a stronger income component arising from high dividends – it can also provide some protection against rising interest rates, which may come as a surprise to some.

Evidence shows that, over the long term, investment in listed real estate offers an exposure to direct real estate (including real estate physical property investments and unlisted funds) while addressing the well-known illiquidity problems associated with owning a portfolio of individual buildings. The advantages in terms of liquidity are particularly important because of the potential it offers to exploit, through active management, the inefficiencies that exist among countries, markets and sub-sectors.

Chart 1: Decomposition of total annualised average returns into price returns and reinvested dividends for five regions: US, UK, Eurozone, Asia and developed countries. This graph shows the decomposition of returns for listed real estate in these regions based on the FTSE EPRA NAREIT indices.

Important health tip for you and your home…

How to Get Rid of Unhealthy Black Mold

fungus on corner of the wall XXXL
Greg801/GettyThe disgusting stuff on your wall could be mold, black mold or mildew. Figuring that out is the first step in getting rid of it.

Removing black mold from your home can sound like a daunting task. Just the term “black mold” sounds scary enough. If you’re willing to buy the proper safety equipment and can stomach scrubbing and removing mold damage for up to a few weeks, you can save hundreds and possibly thousands of dollars.

Deciding when to call in a professional is a personal decision, but there are two signs that black mold has progressed too far to easily remove it yourself, says David Olson of PuroClean, a property damage restoration company.

“When the odor is becoming so bad that it’s giving them a headache,” or a finger can be pushed through drywall damaged by black mold, Olson says.

Removal is charged by the square foot and varies by where you live, he says. Removing mold from and repairing a standard shower can cost from $1,600 to $4,500, Olson says.

To avoid such costs, here are some ways to remove black mold in your home on your own:

1. Determine What it Is

The musty smell under a sink may not be black mold — which is a mold that has been left for quite awhile — and may just be simple mold, Olson says. The difference is that mold is a live spore, while black mold could be toxic. Mildew, for example, is often confused with being mold, but it can be easily cleaned with bleach or other surface cleaners.

Not all visible molds that are black are dangerous, and mold testing may be needed to confirm if toxic spores are in your house, according to the website BlackMoldRemoval.com.

Homeowners should test their homes every three to five years for potential mold problems, says Caroline Blazovsky, a healthy home expert.

Not all mold problems are visible,” Blazovsky says. “Sometimes, you get lucky and see mold growing on areas like basement walls or bathroom walls to know there is a problem. But, many times mold is in between walls behind showers, underneath flooring and under kitchen appliances — places we cannot get to.”

She recommends doing a mold air test with a professional air pump sampler, either with a certified inspector or a DIY kit.

2. Find the Source and Stop the Damage

If you see or smell black mold in your house, it’s probably in an area of high moisture, such as a bathroom that isn’t vented well enough, or from a water leak such as a leaking pipe. Repair the leak before deciding if you’re going to repair the damage yourself.

Once moisture from water damage or condensation has been provided, mold will use a food source such as insulation, fabric, drywall or carpet to grow and cause damage.

Bringing in some stone work for Spring…

A quick visual scan of most kitchens and bathrooms will revel a variety of material cues. Elements such as stainless steel appliances, crystal glassware, copper pots, hardwood floors and brushed nickel faucets all blend to create the overall look of a space. Bringing tile, stone and mixed material surfacing into a room helps tie it all together to create the ultimate in eclectic decor.

Mixed mosaic collections

Check out some of the new mosaic collections. Manufacturers have responded to the blend trend by playing the role of master mixer. A wide variety of mesh-mounted mosaics combine the glamour of glass, stone, metal and even cut crystal.

Source: Zillow Digs

Unify with color

The goal in interior design is to create interest and harmony. No one material should compete with another for attention. Use color to unify design elements.

Source: Zillow Digs

Door knobs just got a little more chic…

Stylish and Unconventional: Ethereal Sensation Door Knob Collection by Haute Déco

artistic door knobs
 

Building on the concept behind the iconic Signature collection, Haute Déco studio has recently launched the new Sensation Door Knob Collection. Bronze elements encapsulated in crystal resin take on an ethereal quality when seen through the prism of the resin wrap. The hypnotizing door knobs are fairly easy to integrate in a variety of contemporary interiors. Their mysterious look will add a touch of originality to an interior and trigger the attention of anyone passing through .

artistic knobs

Although the concept is the same, Sensation has a totally different vibe to Signature: the domineering factor here is the pattern sculpted into the bronze element, with the translucent resin acting as a “magnifier”; it’s as if the resin adds a fluid quality to the pattern, forming a contour filled by reflections of the embedded metal. With sphere-shaped designs, the prism effect operated by the crystal ball transforms the original bronze pattern beyond recognition, adding further to the mystery.

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