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Fremont, CA Real Estate News

By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
Market Report for Fremont, Ca. as of 10-31-13. I have not done a market report for some time. The market has changed. Inventory (the number of homes actively listed for sale) was up but now is has headed downwards again. We are heading into the Holiday Season where reduced inventory is an expectation. On top of the normal reduced level of inventory we are still burdened by the unusually low inventory trend that has been dogging the market for over a year.     The market has changed markedly in the last two years as you can see from the chart. The two biggest, most obvious changes revealed by the chart are: 1.Inventory of listed homes for sale has declined and has been low for at least the last year.  2.Listings for distressed homes have shown a huge decline. Whereas total distressed sal...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Fremont CA and 100% Alameda County VA Loans - the best loan program in the country! VA Mortgage Loans are one of the best mortgage loan programs available today for active duty and honorably discharged Veterans. Here are some of the main features of this great program: - Zero Down Payment, 100% financing. - Monthly mortgage insurance is not tacked on to your payment. - Compared to other types of mortgage loans, easier credit-qualifying requirements. - Low fixed mortgage rates result in a low monthly payment.   Here's how to qualify for a VA Mortgage Loan in Fremont CA: The first step is to verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. An approved Alameda County VA loan lender can order your COE for you, or you c...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
The Medford Real Estate Team is proud to present its newest Fremont listing.   The townhouse at 4507 Guiso Common, Fremont, Ca. is a treat to behold!   Upgraded in EVERY way! Designer surfaces, hardwood flooring, upscale carpets, custom kitchen with stainless steel appliances, granite counters, tile splash, custom stairs, recessed light fixtures, whirlpool tub, newer furnace and hot water heater ... must see to believe.   This Fremont townhouse has 3 bedrooms and 1.5 baths in 1,166 sq. ft. Parking is provided by two assigned carport spaces with direct entry to the unit.                 The kitchen features new cabinets, granite counters and a glass tile backsplash. The kitchen is a gourmet chef’s dream! It has recessed lights, stainless steel designer-series appliances, dual-compartment...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
The Fremont, Ca. market report will look pretty familiar to reports for prior months and to reports from other San Francisco Bay Area markets and markets in many areas across California and across the country.   Inventory remains woefully short. Buyer interest remains strong driven by record low interest rates and prices that are well below the high-water point of a few years ago. The resulting imbalance of the traditional supply/demand equation has created a very robust sellers’ market. Multiple offers are the order of the day. Many properties are selling very quickly with prices often exceeding the expectations of the sellers. Buyers are turning to aggressive tactics in their attempts to get their offers accepted. Cash offers, offers without contingencies for property condition or ap...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Glenmoor Elementary School, a 2012 recognized California Distinguished School by CA Department of Education, in Fremont has an outstanding musical theater company called Glenmoor Musical Theater (GMT). The GMT has been around for many years and has performed musicals that outperform many would be expectations.  These must see performances are made possible in part to the tireless work of Mrs. Smith, Kindergarten teacher and head of the Glenmoor Musical Theater.   Parents of the performers must also volunteer their skills in order to make it all work however. As a result, there are directors, editors, set designers, costume designers and plenty of gaffs.   The latest production this Spring is The Rainmaker, set in a a jungle rain-forest backdrop that sends an ecological message. This is...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
  The Irvington Business Association has started a new Holiday Tradition. Last year, IBA President Jesse Schaa proposed a Holiday Lights Competition. The contest was popular and it returned for an encore this year. The contest was open to both residential and non-residential entries. Prizes are generous: $250 for first prize and $100 for second prize. To be eligible the lighting display must be in the 94538 zip code – generally, the historic boundaries of the Irvington Township. Last Saturday evening, the judges cruised the Irvington area aboard a 1958 vintage bus and took in the joyful sights of holiday lights while enjoying hot cocoa and cookies. The decision of the judges is in! First Place: 4106 Adams Ave. – Harry and Cindy Parker Second Place: 41689 Maywood St. – Cindi Hennings   C...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
Las Posadas is a tradition the has been repeated since 1982 in Mission San Jose,Fremont, Ca. Sponsored by the Fremont Cultural Arts Council and the Committee for the Restoration of the Mission San Jose, Las Posadas recreates the journey of Mary and Joseph to Bethlehem complete with the refusal of the innkeeper to give them shelter. The evening ends with entertainment and light refreshments hosted by a local business. The schedule for 2012 is: ·         Friday, Dec. 14 - Meet at 6 p.m. at the Mission (43300 Mission Blvd.) and carol to Von Till Law Office, 152 Anza St. Entertainment: Anza St. Troubadours ·         Saturday, Dec. 15 - Meet at 6 :30 p.m. at the Old Mission Museum, 43300 Mission Blvd. Entertainment: TBA ·         Sunday, Dec. 16 - Meet at 6:30 P.M. at the Dominican Sisters C...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
Christmas lights can be found in many neighborhoods in Fremont, Ca.The homes on Cripps Place transform the neighbor hood into Crippsmass Place with decorations and the joy of the season.   Reeder Court has for many years been a destination visited by those who love to drive the neighborhoods and look at Christmas lights.   We took our granddaughters to view the displays of holiday lights and plywood cutout characters on the courts running off of Nicolet Avenue – Asquith Place, Wellington Place, Nicolet Court and Cripps Place. The girls insisted that we park and get out so that could get a better look at the displays.                                                                                                                                                                             ...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Warm Springs/South Fremont Station is now the formal name of the new BART station that is being built. It extends the Fremont BART line in a more southerly direction and should be completed over the next few years. Starting from the end of the existing Fremont BART station between Walnut and Mowry, next to the Tule Pond (pronounced Tu-lee). From there, the line will continue southeast UNDER Lake Elizabeth then turn south before it emerges from the depths of Stivers Lagoon just east of Aqua Adventure Water Park. Afterwards, it will parallel the existing railroad tracks that hug near Driscoll, then Osgood, then Warm Springs until it stops right at the very northern part of the parking lot at the old Nummi Plant, now Tesla.   The BART site has an image for the new location on a map, but i...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
The market report for Fremont, Ca. as of 11-30-12 is going to sound a lot like the market report for the previous period. Inventory continues to be scarce. Hard to believe but inventory right now is even lower than it was a month ago.                     When you hear news reports that the number of homes sold has declined from one month to the next in the current market, it is not because buyers don’t want to buy. It is because buyers cannot find anything to buy! You cannot buy what is not for sale. New home construction is up but it will be quite some time before the new homes coming on the market provide adequate inventory to meet the strong buyer demand in Fremont and all around the Bay Area. If you can find a house to buy that meets your needs, jump on it! With prices way lower tha...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Since real estate is all about location, location, location, how then does the Rancho Arroyo area of Niles stack up? Your first impression could be how wonderfully the mature trees line the curved streets.  After that first impression, just south east of the center of Niles, Rancho Arroyo Park, Niles Community Park and Quarry Lakes Regional Park you may be struck as to how the parks create a  significant southern perimeter of half the Niles area. To the north boasts Niles Canyon, a beautiful canyon where even golden eagles have been spotted. With such a landscape, it is easy to be taken by Niles' charm and appeal. What's more, Niles' historic back round has always given a certain pride of ownership to its residents. Tributes to Charlie Chaplin's films and the historic Niles train stati...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
Each year for the last five years we have celebrated the Holiday Season by taking a trip on the Train of Lights. It is not a long trip – only 13 miles round trip from Niles to Sunol – or the other way around – but the distance is not the point. The point is enjoying the hour spent on the train with family, enjoying the lights, seeing the sunset, viewing Mission Peak, sipping a cup of hot cider or hot chocolate and having a visit with Santa. The train goes one way, stops for a few minutes and then returns to the starting point. Passengers do not disembark mid-trip.  If you take the 4:30 train from Niles you can enjoy the sunset, the beautiful fall colors of the foliage and see Mission Peak in the distance. On the return leg of the trip, you can enjoy the lights. If you take the 7:30 trai...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
There will be no more “Street Eats” in Fremont in 2012 due to the onset of inclement weather. If you though that the sun always shines in California you are mostly right but it does rain from time to time. This evening is supposed to be one of those times. Cold, wet, windy weather is not exactly what brings people out to the parking lot to dine from the food trucks. So…no more “Street Eats” until next year when I am sure that the Fremont Chamber of Commerce will bring them back.   Darn!   No more San Francisco Soup Company, We Sushi, Forbitten City, Grillaz Gone Wild, That’s Sweet Dessert Truck, Conklin’s Catering, Twister Truck, Streatery, My Shrimp Shack and others. We will miss them.
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
Inventory is the problem in Fremont, Ca. real estate. The problem with inventory is that there is none. No…inventory is not low…it is way beyond low…it is close to non-existent. I just checked for single family detached homes, duets and patio villas that are listed on our mls. I do this check twice a month – on the 15th and last day of the month. Today, there are 90 listings on the mls that fit the above description. Now, 90 will seem like a lot in some markets. In Fremont, Ca. the population is approximately 220,000. Fremont is the fourth largest city in the San Francisco Bay Area by population count. So, in a city of this size, 90 houses is next to zero inventory…or, at least as low as it gets. Until next count?   Seriously! Here are the figures for several past years in mid-November:...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
Beware: the Holiday Robbery Season is Coming!   We had a speaker this morning at my Lions Club meeting who is a Community Relations Office for the Fremont Police Department. She had some great information which we should all embrace all of the time. The information is especially timely with the Holiday Season approaching. Many of us will be burdened with arm-loads of bags or we will have cars full of gifts which could be easy prey for those whose plan is to relieve us of those items unlawfully.   Here are some great pointers from the Fremont Police that are appropriate for everyone.   REMOVE IT, LOCK IT or LOSE IT!   Remove all valuables from your vehicle (phone, wallet, purse, laptop, camera, packages) – including GPS devices, cell phones, IPODs, IPADS, and chargers. This is appropriat...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
  Inventory continues to decline in Fremont, Ca. The end of 2011 saw relatively few houses on the market but since demand was slack it did not matter. The market was more or less in balance.   In March the Fremont market turned around. Buyers decided to buy but inventory was even lower than at the end of the year. Since then inventory has continued to be very low and has been getting lower. At the same time, demand by buyers has remained strong. The result: multiple offers and rising prices in the Fremont real estate market.        Fremont buyers are frustrated and understandably so. The real estate market is very challenging for Fremont buyers. Cash is king! VA and FHA buyers are hard pressed to be successful. Low ball offers garner sneers and derision. Buyers are leaving the market in...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Image of new Cedarbrook kitchen in Niles I sold. The numbers do not lie, and they have been in for some time. The numbers prove that when it comes time for a home seller to decide whether or not to remodel the house or sell the property "as is," that a minor kitchen remodel is the number one investment to make before reselling a house in the San Francisco Bay Area. It scored almost 116% recoup. That's a good thing. Interestingly, a major kitchen remodel did not fare as well in the recoup group as one might think. It scored a 94%, so less really is more. An excerpt from the report defined the minor kitchen remodel as:     A functional kitchen about 200 sq ft with 30 ft linear ft of cabinets.    Keeping the cabinet boxes and replacing the fronts with the new raised-panel wood doors and t...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
  Tonight is Fremont Street Eats night. Once again, at the Mission Valley Regional Occupation Program parking lot at 5019 Stevenson Blvd. from 4:30 to 9:00 you will be able to partake of a variety of tasty dinner selections from an assortment of food trucks. Presented by the Food Truck Mafia and Fremont Chamber of Commerce, Street Eats give you a chance to sample some diverse food offerings from a variety of venders.   Tonight’s lineup:   Pizza Pimps – gourmet pizza Truckin Sweet – gourmet ice cream and dessert Grillaz Gone Wild – Philly cheese steaks, hoagies and other gourmet sandwiches Tacos de Los Altos – authentic Mexican cuisine Bibigo – Korean BBQ Kinder’s Truck – BBQ sandwiches Mogo – Korean inspired mobile food Munch Indian – Indian cuisine                                     ...
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By Sean A. Beattie, Professional approach with positive results!!!
(Brivio Realty Inc)
RE REALTY EXPERTS, The San Francisco Bay Area Real Estate Resource If you are in the market to Find a Home or Sell a Home in the San Francisco Bay Area, or if you would like to know How Much Your Home Is Worth,  RE REALTY EXPERTS The San Francisco Bay Area Real Estate Resource is here to help. RE REALTY EXPERTS was founded in 1995 and since then has rapidly grown into one of the premier real estate resource companies in the San Francisco Bay Area.  RE REALTY EXPERTS is staffed with approximately 100 of the most experienced, multilingual, award winning real estate agents from around the San Francisco Bay Area.  Conveniently located at 41051 Mission Boulevard Fremont, Ca  RE REALTY EXPERTS The San Francisco Bay Area Real Estate Resource is open 7 days a week.  Office hours are as follow: ...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
Market statistics for August 31, 2012 in Fremont, Ca.   I have supplied three charts showing the inventory of single family homes and condo/townhouses that are were posted for sale as of the end of January, end of July and end of August of this year in Fremont, Ca. In Fremont, as in many places in the San Francisco Bay Area and elsewhere, the inventory of houses for sale is unusually small. Real estate is cyclical and we have changed from a real estate market where there were plenty of homes for sale and not that many interested buyers to a market where eager buyers are pursuing a sharply reduced number of real estate buying opportunities. We don’t understand the reasons that there are so few houses for sale. We do know that lenders are releasing fewer REO properties onto the market. At...
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