Who is Chicken Little anyway? And what does he have to do with our real estate market here in the Valley? With all due respect, I don’t think a whole lot. There is so much fear and misinformation in real estate right now, it’s hard to know what to believe. Home prices in Alamo were actually UP 14.5% Year over Year in January. Now honestly, I think that was an anomaly as Alamo was the ONLY town in Contra Costa and Alameda counties that didn’t see significant price erosion year over year. One $2MM home could skew the data – but it’s still an interesting data point. So while transactions are up (just like trading on the stock market, prices are down. Not a bad thing as that price erosion has granted us affordability that has TRIPLED in Northern California over the past several months.
OK—so after months of threatening to get my Real Estate e-blast news letter together for my throng of clients, friends and followers, I finally hired someone to do the creative and computer part, and all I have to do is the data and content. So twice a month you’ll be receiving this “e-blast”. I want it to be fun, interesting and informative. It seems whenever I see any of you, you ask me something about real estate. So here is an avenue for us to share information via e-mail even if I don’t get to see you as often as I’d like.
I am a full time real estate professional, licensed since 1990. I will track core RE data for Alamo, Diablo and Danville but can get info for any market, any house – so if you have a question, scroll to the bottom and click on the “ask me anything” tab. Your question will show up in my in box and I promise to get right back to you. Don’t hesitate to send me any question – I get them all the time when I see you live like “what ever happened with that house on _____” or “did that house on ________ ever sell? How much did it sell for?” I will also include my top ten values and why I think they are values. And in this market, there are plenty of GREAT values!! I’ll share with you Meaningful Links (mortgage rates, home improvement links etc.) and Meaningless links – just for fun to help keep a smile on your face in this “emotional recession”!
As most of you know I lean toward the positive, and genuinely believe that there is reason to celebrate every day. And just in case you’ve lost sight of that – find my “Always a cause to celebrate”. Did you know that almost every day on the calendar has some kind of designated Holiday? Silly but true!
On the left you’ll see inventory data for Alamo, Diablo and Danville, but again, I can get data on any town or neighborhood. If you are curious, click on “Ask Nancy Anything” and I’ll get you the data. I will track “active” (the house is actively in MLS), “pending” (the house has a ratified contract and is going through inspections and contingency timeframes) and “sold” (the homes that have actually closed and recorded with the county tax office). I will also be tracking Foreclosure activity for the same areas – but I can get data for any zip code in the US. You’ll see if foreclosures are going up or down. I will track NOD (notice of default – the lender has sent a notice to perform or the foreclosure process will begin. Many of these will cure, and never go to foreclosure), Auction (the lender must offer the property at auction before it actually forecloses) and REO (the bank now owns the property and it will be up for sale soon).
I look forward to keeping in touch through this bi-monthly e-blast and I look forward to hearing from you when I can provide real estate services or answer a question. I am a HUGE proponent of referral business, so if you’ve had a positive experience with a service provider, or retail establishment, please share that with me and I’ll include a link. And remember – I am never too busy for your referrals! Thank you!