2530 Saratoga Ave -Concord

JUST LISTED IN CONCORD!

***Open Sunday July 8th from 1p-4p***

 

2530 Saratoga Ave

Concord, CA 94519

 

Don’t miss this home in East Sun Terrace! Updated throughout! Remodeled kitchen (quartz counters, stainless steel appliances and shaker cabinets) opens up to an extended family room and dining room. Updated laminate flooring, dual pane windows and remodeled bathrooms complete the wonderful interior of this home. HVAC and roof are less than 5 years old. Enjoy this entertainer’s backyard with grass/patio and room to roam. Close to shopping and freeways, you don’t want to pass this buy!

 

Home Details:

  • 3 Beds/2 Baths
  • 1418 Sq. Ft.
  • 6000 Sq. Ft. Lot
  • Built in 1963

 

Offered at: $589,000

 

For more pics please visit HERE!

9 Ocho Rios Place -Danville

UPDATE: *SOLD for $1,500,000*

9 Ocho Rios Place -Danville

 

***Open House Sunday, March 4th from 1-4pm***

 

Danville Delight!

 

Don’t miss this charming rancher on the Westside! Located on a cul-de-sac less than a mile from Downtown Danville and a quarter mile from the shops at the Livery Mercantile.

 

Built in 1958 this home offers 4 bedrooms, 3 Baths, and 2205 Sq. Ft. of living space. Upgraded throughout including the kitchen with quartz counters, subway tile backsplash and stainless steel appliances. Hardwood floors run through the home to the bedrooms and updated bathrooms, the master bath complete with frameless shower door, refinished tile and upgraded hardware.

 

4th bedroom can be used as an office or guest suite with a full bath adjacent. Expanded family room with lofted wood ceilings looking out over a flat 12,000 Sq. Ft. lot, perfect for entertaining!

 

A truly wonderful Danville opportunity that you’ll have to see for yourself!

 

Offered at: $1,424,000

 

For any questions, call Conor at 925-349-5777

 

 

 

Sold! -8460 Valencia Street, Dublin

Hi Everyone!

STORY TIME.  

TL;DR (Don’t feel like reading? Scroll to the bottom for pictures!)

One of the busiest and most successful listings I’ve ever had was in Dublin this past May.  My clients called me to their home to chat about listing their property and what would need to be done to get it ready.  The reason that they wanted to get it ready was because they were a growing family and looking to get a bigger home.  The plan was to have their home completely ready to go so that if they found another home to their liking, we could put it on the market immediately.  Long story short, they found another home that they liked and we got them into contract (as buyers) contingent* on us selling their home in Dublin.

*Contingent meaning that they wouldn’t be able to close on their new home until they closed on their current home.

The race was on!  We had 3 weeks to get their home in contract or the sellers of the other property could back out of the deal…luckily my sellers were ready to go.  We got our stager over there to do some light staging, mostly declutter and adding a few accessories.  Touch up paint was used and the yards front and back were cleaned up.  Professional photographer came in and we had it on the market a week later.  Yes, I gave some direction, but the work and look of this house had everything to do with my clients.  They spent a lot of time and care over the years updating and maintaining their home and it showed.

THE WOW FACTOR: One thing I forgot to mention…Mrs. Seller is a landscape designer.  This neighborhood isn’t known for huge yards so given the space they had to work with, they had, without a doubt, the nicest, most welcoming backyard in the neighborhood.  The home was 1320 sq ft. but with this wonderful outdoor space, the home felt even bigger because you could spend your time out there any time of the year.

House was ready to go and we put it on the MLS.  I spent the next 5 days with my phone glued to my ear because buyers and agents were so excited about this house.  We had a twilight open house on Friday night followed by Open Houses on both days that weekend.  All said and done, we had over 200 groups through during the weekend.  Admittedly, we did list the home on the lower end of the value spectrum as we wanted to make it move fast but it wasn’t so insanely low that I could’ve prepared for this rush of interest.  We set a due date for offers and by the end of the day the following Tuesday, I had received 25 offers!  We had 3 offers that stood out above the rest and of those 3, one that stood out even above those.  Rather than send out counters, my clients wanted to be done with it. They accepted the highest and best and we moved forward.  I spent the next hour calling every agent back and letting them know how their offer fared in comparison to others.  This is something that I ALWAYS do.  If these agents have spent time writing an offer for their buyers, they deserve a phone call letting them know what happened.  It is always nice for agents to be able to call their buyers back and give them as much info as possible so they can be more prepared for the next one.

One last item.  Not mentioned above was the fact that seeing the look on our sellers faces when we showed them the offers was what made it all worth it.  Mr. Seller looked like he was about to pass out from shock.  This doesn’t happen often but when it does…I really do love my job.

We sold their home in 9 days (the buyers had all cash) and we closed on their new home in San Ramon  month later.  Amazing clients and I was so lucky to work with them.

TL;DR (Here are the pics!)

Details of the home:

Listed for $749,000

Sold for $852,000

4 Beds, 2 Baths 1321 Sq Ft with a 7,000 Sq Ft lot.

 

As always, if you have any questions, email me any time at conor@dunn-team.com

Want to know how much your house is worth? Go HERE!

Happy Friday!

 

Conor

 

Is the market around us slowing down…or speeding up? Yes.

 

*DISCLOSURE* What I write below is based on my opinion of the market that I serve, the East Bay Area (Tri-Valley)

 

 

If you still read the paper like I do (or the online paper) you are constantly seeing reports on the housing market. Most of the headlines go as such:

“Low inventory causing home prices to skyrocket!”

“Is the “Bubble” about to burst?”

“Housing pressure continues.”

When we are constantly bombarded with headlines like this, it is hard not to worry. The problem with what is being reported is that it is always just a little behind what is actually happening in the market place.   Yes, the inventory is low and yes prices are still high, BUT, we have actually seen a little bit of slow down in general activity. Why is that? There are multiple reasons I assure you, and plenty that I haven’t thought of, but based on conversations with fellow agents and my own personal experiences, here are a few:

 

  1. Inventory is low. Yes I just said that again, the same thing that you’ve read over and over. Basic supply and demand, when supply is low, demand is high…Econ 101. So while these homes are moving fast, there just aren’t a lot moving at all, because there are none to move. Does that make sense? If I tell you that 30 homes sell in my neighborhood in July and then only 15 sell in August, did the market slow down? Your first instinct might be to say yes but really, if there were 30 homes available to sell in August, then we would’ve seen 30 homes sell. Alas, there were only 15 available to sell…so that’s how many sold. This lack of inventory has caused a general sense of slow down in agent activity.

 

  1. Buyers are timid. When I meet with potential buyers, or just friends in general, the first question is always “How is the market?” The very next questions are typically, “Are we are the top of the market?” or “When is the market going to go down?” Right now, the interest rates on home loans have dipped back down to the low 4’s for a conventional (30 year fixed) loan. Given these rates, you would think that buyers would still be ready to jump in, but they aren’t. Buyers are so afraid of buying at the top of the market and experiencing what happened in 2008…that they have a real fear and believe me, I get it.  My counter is always this; if you think you are going to live in the home for at least 5 years, you will be fine. Of course this isn’t a guarantee but even after 2008…the prices around us (*see disclosure at beginning of article) were back up to their previous levels by 2013-14 and in many cases, earlier than that. Low inventory usually causes a larger buyer pool but the fears of a bubble burst have tempered that pool just a bit.

 

  1. Buyers are tired. When you’ve made an offer on 10 different homes and keep getting beaten out, it’s understandable to want to take a break for a little bit. I’ve seen and heard of this happening more recently with frustrated buyers.

 

  1. Time of the year. This one is a little harder to explain. September/October in the East Bay is normally a wonderful time to buy/sell a home. Looking back at my personal numbers, some of my busiest months have been in the Fall, but this year as been different. We always see a little lull right around Labor Day when kids are getting back to school or going on final vacations. Then we see it snap back the first few weeks of September with a new batch of inventory and folks back out on the streets. I feel like the factors mentioned above are slowing the typical amount of business that we see this time of the year.

 

Given these reasons, the question is, “Is this a good time to buy/sell?” The answer is always, “What will work best for you?” If you are going to be uncomfortable with the fact that the market could go down in the next few years and can’t get over that hump…might not be a good time to buy. If you need to sell your home but don’t know where you’ll be able to rent or buy? Maybe you should hold tight. Buying and selling a home are huge personal commitments on both sides so it’s really up to you.

Looking at a market perspective though, yes it’s a good time to sell and yes it’s a good time to buy. You shouldn’t have a trouble selling your home for a great (fair market) price with inventory at these lows. If you are looking to buy something that you plan on staying in for a long time, yes, go ahead and buy. The historical data will show you that you are safe.

So yes, the market is still warm (high prices) and yes activity has slowed in general.

 

If you made it through this entire post, nice work! If you ever have any specific questions on real estate and the market, contact me any time at Conor@dunn-team.com

Want to know what your home is worth? Start HERE!

Have a great week!

Conor

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