The Gibbs Real Estate Team Q1/2014 Real Estate Newsletter

In the following video I discuss the real estate market for the east bay area. In particular I discuss the type of market we’re in and what you should consider doing if you are looking to sell your home within the next year.

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Average Price Per Square Foot In Alamo Takes a Slight Drop

During the month of January we have seen the average price per square foot for homes sales in Alamo from a high of $468 to where it is now at $447. The number is not as relevant as one might expect because there have only been 7 closed sales during the month of January. Currently [...]

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The Average Price Per Square Foot Remains Flat in San Ramon

In the city of San Ramon we have seen the average price per square foot increase dramatically from March of 2013 through the end of the year. During the first month of 2014 the price per square foot has remained basically flat. What we traditionally expect to see during the months of December-March is a [...]

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Inventory of Active Homes on the Market increases in Danville

As you see in the following graph that the number of homes actively listed for sale in Danville dropped significantly from December 2013 to early January. Over the last week we have seen the number of active properties on the market increase. What we expect to see going forward is a slow but steady increase [...]

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The Gibbs Team Year End Review for 2013

In the following video Michael Caires and I review the 2013 market and our predictions for the 2014 East Bay real estate market.

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It Was a Wild Ride For The Danville Real Estate Market During 2013

During the entire 2013 we saw Danville real estate experience an incredible recovery from the previous 5 years of recession and price decreases. As you see in the following “Average Price Per Square Foot” graph the Danville Real Estate market has seen this number grow from $322 to $398. This 20% increase is the average [...]

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Inventory levels of San Ramon Homes Crash as Average Days on Market Level off

In the following graph you will notice the “freefall” regarding the number of available homes for sale on the active market for San Ramon real estate. What we also see is the amount of time it takes to sell a home level off. It’s beginning to become tough on buyers again. Over the last several [...]

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Buying Demand in Dublin Still Remains High

As you see in the following graph the Market Activity Index (MAI) for Dublin Real Estate is climbing. The MAI is and indicator of the type of market we’re in and any number over 34 indicates a seller’s market. For Dublin real estate we have seen the MAI as high as an incredible 95 during [...]

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Strong Seller’s Market In Danville Reemerging

As you see in the following graph we are seeing the Danville Real Estate market, and specifically in the 94526 zip code, becoming an even stronger seller’s market. This zip code includes the highly prized Westside Danville addresses and fueling the market change is high demand and very low inventory levels. The following graph is [...]

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The Future of Housing in California. The Economists View

In the following report the California Association of Realtors sponsored a dialogue with the renowned economists regarding our California housing market and their opinions on where it’s headed. It’s a long but fascinating report so please read and give me a call to discuss and questions you may have. The Future of Housing Finance

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