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Visit www.BernardGibbons.com
for the Latest Listings and Real Estate Information Market Update – July 2006 Trying To Make Sense of Our
Local Real Estate Market Having
reached the mid-point of the year we can hopefully begin to make some sense
of the activities in the real estate market over the past few months and
possibly even forecast what is likely to happen as we move into the second
half of the year. Considering real
estate sales year on year is much more meaningful than just looking at a
series of monthly activities as it makes allowances for seasonal trends. Here
then, is a summary of market activity over the past 4 months in the area’s
larger communities with the previous year’s figures shown in parentheses: Actual Numbers of Sales Agreed
2006 – All Residential Homes
Now let’s look at
the average sale price of a 4 bed, 2-2½ bath, 1800-2200
sq.ft. single family home with a 2-car garage in
June 2006 as compared to a similar home sold in June 2005 (shown here in
parentheses). Note that this is just an example though. Different types of
home will show different results:
Price is generally a
function of supply and demand and the downward price adjustment seen in most
areas in the table on the left is the result. This is most likely the “soft
landing” that was predicted by real estate economists. Will prices fall further? Probably not.
This is an adjustment, not a “bubble” bursting. Note that Footnote: On examining the closed sales figures for If you are thinking
about selling, you need to have this information as it relates to your type
of home so you can price it accordingly. Call me on (925) 997-1585 or send me
an email to bernard@bernardgibbons.com. I will be happy to provide you with a
similar market analysis. ■ What’s Your Home Worth? Thinking of
selling? Home
prices have increased at a phenomenal rate over the past few years. To get a Free Up-To-Date Valuation of
your home without any obligation, together with suggestions for what you can
do to maximize its appeal, visit www.BernardGibbons.com or for an immediate response
call Restaurant Review
Postino, 3565 Mt Diablo
Blvd, Postino is an historic
landmark in Sylvia and I dined in the Atrium on our
recent visit. This is the largest room with skylights above
and open to the exhibition kitchen. For a starter we shared the Fritto Misto - lightly floured
and deep fried calamari, onion rings and asparagus tips. It was delicious.
For an entrée, Sylvia had Lamb Sirloin that was served with fingerling
potatoes and seasonable vegetables on a cherry reduction. I had Papardelle in a duck bolognese
sauce with shaved assiago cheese. We accompanied
all of this with a bottle of Baileyana chardonnay
from Sylvia was a little diappointed
with the lamb which was served quite rare despite a request for medium. My
pasta, on the other hand, was outstanding. For pudding we shared a portion of
tiramisu that was ample for two people. This was light and fresh and
everything a tiramisu should be. Overall, I have to say this is one of
my favorite restaurants. Good food, great ambience and excellent service.
They also have a large, yet cosy, bar that can get
very busy at times. Price-wise, expect to pay upwards of $100 for two
including wine but plan for a dining experience. This is not just “somewhere
to go for dinner”. For more information visit their
excellent web site at www.postinorestaurant.com. Reviews such as the one above are
included as a service to introduce people to interesting restaurants in the You can read
more restaurant reviews in the Newsletter Archives at www.BernardGibbons.com
How Will You Decide
Who Will List YOUR Home For As housing inventory increases and interest rates continue
to rise, it is more important than ever to work with a Realtor® who has the
knowledge and experience to market your home to its fullest potential in order
to obtain the best price for your home. My High Impact Home Marketing Program is the most
comprehensive home marketing system in real estate. This, combined with my
affiliation with Alain Pinel Realtors, the
most prestigious real estate company in the Bay Area, ensures that your home
gets the maximum level of exposure from start to finish. Through multiple
channels and networks I market your home every day to potential homebuyers
and real estate agents who represent buyers in your area. This targeted
marketing approach ensures maximum exposure to potential buyers. Communication is absolutely critical. I will keep you fully
informed regarding the status of your home sale at all times and do
everything in my power to ensure a smooth, stress-free transaction. Call me
any time for a confidential discussion without any obligation - (925)
997-1585.
Information
To Help You Understand The Value Of Your Biggest
Investment
The 40 most recently Closed Sales in Alamo,
Blackhawk, Danville, San Ramon, Walnut Creek, Lafayette, Moraga and Orinda
(Sorted By City and Sold Price)
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