Come and see this beautiful Pleasanton townhouse in the highly sought after San Marcos neighborhood. Built in 1998, this townhouse features 3 bedrooms, 2.5 baths and is move-in ready for your family! 

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As expected, last week was slow due to the holiday. Pleasanton’s inventory remained steady at 151 available homes with 4 new homes coming on the market and 3 closing escrow. It is expected that the market will see fewer new homes coming on the market throughout December, as the holiday season is upon us.

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Mortgage rates dropped this week to under 4% for a 30-year fixed loan. Now is a great time to take advantage of these historic rates and refinance or purchase an investment property. Rates for investment property loans are as low as 4.375% for a 30-year fixed, making it easier for an investment property to cash flow.

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Last week lawmakers voted to reinstate the FHA loan limit of $729,750 for high cost areas through 2013. They chose to leave conventional loan (Fannie Mae and Freddie Mac) limits at their current level of $625,500 rather than reinstating the recently expired limits similar to those of the FHA loans.  The decision to reinstate the higher loan limits contradicts the government’s wanting to play a lesser role in propping up the housing market and raises questions as to the wisdom of further burdening the FHA, which is already on the brink of bankruptcy and facing $5.1 billion in losses that the tax payers will be forced to pay eventually. FHA loans are more risky than conventional loans due to less stringent underwriting guidelines and their only requiring 3.5% down payment. While most of the real estate industry is in favor of this move, I see it as more unnecessary government stimulus that will accomplish nothing more than slowing down the market’s  return to normalcy and creating another large pool of non-performing assets that the tax payers will eventually end up paying for.

Pleasanton’s inventory increased slightly this week up to 164 available homes as 9 new listings came on the market and only 2 homes closed escrow. Of the 9 new listings, 3 are distressed sales and 1 of the 2 closed sales was a distressed sale. Distressed homes continue play a large role in our market and will continue to do so for the foreseeabe future.

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This is a Must See! Beautifully updated townhouse in great location. Awesome kitchen and master bath remodels. Kitchen featurs quart counters, high end stainless applicances, new cabintes and recessed lighting. Master bath has large soaking tub, separate glass shower stall, tile floors and walls, dual sinks, new cabinets and recessed lighting.

Adorable Pleasanton townhouse perfect for first time home buyers or investors. Great location close to schools, shoppping and freeway access.

Dublin inventory remains stubbornly low at 134 available homes. Last week we only saw 10 new homes come on the market and 7 homes close escrow. Prices ranged from $199,000 – $699,000 on the new homes and $120,000 – $590,000 for the sold homes. Distressed properties continue to play a large role in the market with 4 of the 10 new homes and 5 of the 7 sold homes being distressed sales.

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Pleasanton inventory rose slightly to 209 active properties over the last week with 10 new homes coming on the market and only 6 closing escrow. The new homes ranged in price from $349,950 – $1,229,000 and closed homes ranged in price from $255,000 – $1,465,000. Distressed homes continue to see strong activity with 2 of the 10 new homes being distressed and half of the closed homes being either short sales or bank owned.

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