Fremont Real Estate Blog

Notices of Default in high-end zip codes are running higher than lower priced neighborhoods. More here: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/11/08/MNMC1ABRBC.DTL&feed=rss.business -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA / SUNIL SETHI REAL ESTATE 38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94538 Main 510 388 2436 / Fax 510 431 9046 My Bio: http://sunilsethi.com/about_me.htm Personal: http://www.sunilsethi.com My blog: http://fremontrealestate.blogspot.com/ LinkedIn: http://www.linkedin.com/in/fremontrealtor CA DRE#: 01173766

http://www.dsnews.com/articles/delinquencies-foreclosures-at-record-highs-with-shadow-inventories-looming-lps-report-2009-11-10   There’s a been a lot of talk since May of this year of banks supposedly holding onto REO (bank owned properties), and of them selectively releasing this inventory to somehow control pricing. I think that’s a bunch of crap. These bankers are generally risk averse, and would dump their inventory prior to another bank dumping theirs. However I do see that the number of properties auctions that are postponed exceeds what would be considered normal. Probably more than 90% of auctions are postponed. Why? Well after discussions with Senior Vice Presidents of Wells Fargo and attorneys and others involved in short sale negotiations, at the California Association of Realtors (CAR) Show about 4 weeks ago, I learned it’s because the Obama administration has encouraged (coerced) the banks to try to make a loan modification work. My guess is ...

The press keeps talking about the excess inventory of homes, but really if your looking for example a 4/2 with min 2000 sqft, there's very few homes worth considering in San Ramon, Pleasanton or Fremont. At best I find 1-3 homes on the market that I would consider having my clients bid on in any week. The remaining homes are next two freeways or major arteries, or a neighborhood that isn't well kept. I was told that 36 Canyon Hills which is in a beautiful gated community received 22 offers. A big part of that was related to it's low ball price of $585,000, but other factors included that lack of alternatives.

both of these are great opportunites if you are looking for great schools associated home priced under $550K. Click Here to View Listings 3105 KITTERY AVE, San Ramon $549,990 Just came back on the market 6873 HEATH CT, Pleasanton $558,000 Just had a price change

The following properties had a price change in the last 72 hours. Building Type Price Address City State Bedrooms Baths Baths Partial Condo $299,900 8975 ALCOSTA BLVD. SAN RAMON CA 1 1 0 Condo $359,888 38680 COUNTRY TER FREMONT CA 2 2 0 Condo $379,950 3849 BROCKTON DR PLEASANTON CA 2 1 0 Condo $459,999 39251 WALNUT TER FREMONT CA 2 2 0 Townhouse $460,000 5568 MAGNOLIA TER FREMONT CA 3 1 1 Townhouse $555,000 38779 CRANE TER FREMONT CA 2 2 1 Townhouse $639,888 2971 WILSON CMN FREMONT CA 3 2 1 Detached $749,000 2402 MILFORD DR SAN RAMON CA 4 2 1 Lots and Land $799,000 2529 YOLANDA COURT. PLEASANTON CA Detached $1,035,000 767 Pradera Way SAN RAMON CA 5 3 0 Detached $1,999,000 656 Varese Court PLEASANTON CA 6 4 2 Detached $8,500,000 2952 West Ruby Hill Drive PLEASANTON CA 6 7 2