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Danville Short Sale | Danville Real Estate Market Stats For Dec 2012

Danville short sale listing specialists, East Bay Short Sale Group, have compiled some new housing data for the month of Dec 2012.

The number of new listings in December of 2011 in Danville, there were 26 new listings. Fast-forward one year later to December of 2012 there were only 17 new listings. That’s down about 35%, so a lot less homes for sale one year later. To see some of our recent Danville short sale homes for sale and homes that we have closed, visit our YouTube Channel.

The number of closed sales is December of 2011 there were 61 closed sales. December of 2012 that dropped to 42 closed sales. We’re seeing a decrease of about 31% on the number of closed sales in Danville from December to December.

The inventory level of homes for sale has dropped dramatically. We know that inventory levels are down, not as many people are putting their house on the market, and of course a lot of buyers out there, which are creating a lot of competition.

But in December of 2011 there were 138 single family residences for sale in Danville. Twelve months later, December of 2012 it was down to 34 homes for sale, so that’s a decrease of 75%, in the inventory levels in Danville year-over-year.

Median sales price was actually up quite a bit from December of 2011 it went up 20%.  So December of 2011 the median sales price was $775,000. One year later, December of 2012 that increased to $927,000. So the average price of homes sold is increasing, along with the median home price, as well.

If you have any questions on Danville real estate, if you’re looking to sell a home that’s got equity in it we can certainly help you do that, and educate you on what type of offers you can expect, how long you can keep it on the market, different conditions, market conditions, and things like that.

If you’re looking to do a short sale in Danville, we are the first place to start to learn how the process works. Contact us for more information on your Danville short sale.

Danville Short Sale | Danville Real Estate Market Stats For Dec 2012

Danville Short Sale | Danville Real Estate Market Stats For Dec 2012

 

 

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Danville Short Sale Closed – Alamo Creek Community

by Scott Fuller on November 21, 2011

danville short sale - alamo creek

Another Danville short sale success! East Bay Short Sale Group is proud to announce we have closed 3461 Cashmere St. in Danville. This home, located in Alamo Creek off of Camino Tassajara is an extravagant 3,944sq ft, 4bd, 3.5 bath beauty. Built in 2006, this home was built with over $100,000 in upgrades by the builder, Shapell. Highlights include large gourmet kitchen with granite counters and stainless steel appliances, hardwood floors, outdoor sitting area with built-in fireplace, and much more. Conveniently located near Blackhawk Plaza, the Blackhawk Auto Museum, and near new schools, parks, etc.

The seller of this Danville short sale had 2 loans on the property, a 1st with Wells Fargo and a 2nd with PNC (previously National City). Seller owed nearly $1,400,000 on the home as they purchased at the height of the market in 2006. They had a verifiable hardship and needed to sell the home quickly. We gathered all of their financials, hardship letter, and forms and submitted the short sale packages to Wells Fargo and PNC short sale departments. PNC is known for being difficult to negotiate with, and of the $180,000 that was owed on the 2nd loan, they wanted to collect $95,000 from the seller in order to give a short sale approval. Of course the seller was not in a position to come out of pocket like this so it was time for us to get very creative. Market value for the home is nearly $1,000,000, but we were able to get Wells Fargo short sale deparment to accept $875,000 purchase price, and have the buyer pay the 2nd lien holder $60,000 cash. We got PNC 2nd to accept the $70,000 ($60,000 from the buyer and $10,000 from Wells proceeds). So the buyer was out of pocket $935,000 on this purchase. They bought a Danville short sale for well under market value, and we were to get the seller out of the home with no money out of pocket and no promissory notes or deficiency judgments. Both buyer and seller were elated, and the lenders got what they wanted out of the deal. All of this while we were able to keep the home from being foreclosed on.

If you live in Danville or anywhere else in Contra Costa or Alameda County, contact us at the East Bay Short Sale Group to help you successfully close your short sale. We offer free consultations and can help you determine the viability of a short sale and estimate the timeframe to close. Our team has extensive experience working with sellers and can close your short sale with no out of pocket costs to you! You can become our next success story, just like this Danville short sale!

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Danville Short Sale – Beautiful Updated Townhome in Desirable Meridian Community

November 3, 2011

   Beautiful Townhome in Desireable Danville, Near Blackhawk A Danville Short Sale, located in the desirable community of Meridian near Blackhawk, East Bay Short Sale Group is proud to present this beautiful townhome near shopping, dining and theaters. Townhome is located off of Camino Tassajara and Liverpool, just a couple blocks from Blackhawk Plaza and more »

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