Possible Homeowner Mistreatment of Bank Owned (REO) Properties in the Tri-Valley
February 23, 2009
Wow, what is going on in this current real estate market? I am truly disturbed with what I encountered on a recent trip out with some of my prospective buyers. For the sake of keeping the location of this property fairly anonymous, let’s just say that my clients and I were visiting homes in the Tri-Valley area. My clients had found a couple of homes on the internet that they wanted to view. These homes appeared to be too good to be true due to their enormous size and relatively low price. I was somewhat skeptical before entering. Unfortunately, I did not have time to preview this home prior to us viewing. And, let me tell you I only wish that I had.
A Look Back at Homes Sold in the Tri-Valley Area
February 8, 2009
In addition to my usual data reviews, at the end of every year I like to pull interesting sets of real estate data points. This year, I was interested in identifying trends reflected in the number of homes sold in the Tri-Valley over the last several years. I began by extracting data using the Multiple Listing Service that I have access to as a Broker Associate. I settled on examining 10 years worth of data for a decent amount of time to look at trends. As my area of specialty includes the Tri-Valley, I pulled data for all of the Tri-Valley cities including Danville, Dublin, Livermore, Pleasanton, and San Ramon.
As a high-level overview, most 2008 Home Sales data points have ended up far below their second lowest yearly total in the last ten years, 2001. At first glance, Dublin and even San Ramon’s Homes Sold yearly totals have held up seemingly well. However, when thinking about the trends more deeply, it is clear that I would also need to Read more











