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Pittsburg, CA Real Estate News

By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Pittsburg Ca Homes for Sale – May 2012 Pittsburg Housing Supply The Pittsburg Ca Real Estate Market is a strong Sellers market with the Absorption rate over 100%. This means you have more sales each month than you have homes on the market at any given time. Home Sales in Pittsburg Ca Right now there are 41 Homes for Sale in Pittsburg, with 249 Pending Homes Sales. The Pending Sales is probably this high due to the large amount of Short Sales that take time to close if they close at all. In April 62 Homes Sold in Pittsburg. What is a balanced Pittsburg Real Estate Market? A balanced Housing Market in Pittsburg we would need 4 to 6 times as many homes on the market as there are sales each month. With this many sales we should have about 240to 370 Pittsburg Houses for Sale. So How do you B...
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By Terrylynn Fisher, HAFA Certified, EcoBroker, CRS, CSP Realtor, Etc.
(Dudum Real Estate Group - BuyStageSell.com)
2038 Oakridge Lane, Pittsburg Single family home Fresh paint New carpet New deck 3 bedrooms, 2 baths Living and family rooms Fireplace Light and bright kitchen with breakfast bar Formal dining room Large fenced yard Double attached garage Easy commute & near shopping    Gardener for front yard included. No smoking, No Pets. $1,600/month rent and $2,000/security deposit 9 month lease For more information contact Terrylynn or Bob, 925.876.0966, dre #00615420, 925.360.9477 Property Management Alternatives        2038 Oakridge Lane, Pittsburg Single family home Fresh paint New carpet New deck 3 bedrooms, 2 baths Living and family rooms Fireplace Light and bright kitchen with breakfast bar Formal dining room Large fenced yard Double attached garage Easy commute & near shopping
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Commuting From Pittsburg Ca When people consider homes in East Contra Costa County Commuting is always a key issue.  We have beautiful and affordable homes, but some people think they are a little far from where they work. What I see is many people moving out this way that commute in off hours, work less (as they have a much smaller house payment) or use public transportation.  Many are excited about the expansion and widening of Highway 4 as well as the eBART Light Rail System going in.   Some people choose Pittsburg Ca as a place to live as the Commuting is easy.  Railroad Avenue provides a short cut all the locals know - keep going up the hill and it become Kirker Pass Road and lands you in the heart of Contra Costa County on Ygnacio Valley Road.  Walnut Creek and Concord are major j...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Pittsburg Ca Deep Water Dock Homes People don't often think of Deep Water Dock Homes when they think of Pittsburg Ca.  Well if you drive through the wonderfully redeveloped Old Town Pittsburg down towards the water not only will you find a Marina but you will find a community with Deep Water Dock Homes. Pittsburg sets right on the Sacramento River just before if flows into the San Francisco Bay and is ideal jumping off spot of boating, fishing, water skiing or touring the delta.  These Deep Water Dock Homes are very affordable and with the revitalized Pittsburg Ca downtown I think the value can only go up.   Take a look at the map below and see if there are any homes on the water right now!  E-mail us and tell us what you want in a home and we will send you a list of homes and informati...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Buying a Home in Pittsburg CA 94565 Many people are thinking about Buying a Home in Pittsburg CA 94565 - Well it is time to stop thinking about Buying a Home and actually Buy a Home.  Prices are low and interest rates are low Buying a Home is as easy and affordable as it has ever been. Pittsburg CA 94565 is popular with people Buying a Home for many reasons.  It offers affordable homes in nice neighborhoods, fine parks, revitalized downtown, new schools and it provides an easy commute to Central Contra Costa County and beyond. If you are looking at Buying a Home in Pittsburg CA 94565 or beyond call Gene with Home Point Real Estate or e-mail me directly.
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Pittsburg California 94565 Homes for Sale Pittsburg California 94565 is a dynamic East Contra Costa Community.  Homes for Sale in Pittsburg California 94565 are very popular as people see the value in the community.  What is it people see in Pittsburg California 94565 that make them want to live here: Quality Affordable Homes for Sale! Many fine parks and community activities. A revitalized Down Town. Easy Commute to Central Contra Costa County and beyond via Highway 4, Kirker Pass Road, and Bailey Road. Opportunities for real appreciation in Home Values. Although Homes for Sale are well priced and bargains can be found the market is tighter than many people think. There are 145 Homes for Sale in Pittsburg California 94565 right now.  However only 52 of those are Bank Owned Homes and 65...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Investment Property - Pittsburg California 94565 - 10% Cap Rate! This Fantastic Property is an excellent opprotunity for a Real Estate Investment.  This is the best value on a 4 bedroom - 2 bathroom home in Pittsburg California 94565.  This wonderful home has expansive interiors with Living Room, Family Room and an eat in Kitchen.  Located in a popular area of Pittsburg California it provides an Easy Commute to Central Contra Costa County or to nearby BART. Currently it is occupied by tenants and based on current owners experience there would be a 10% CAP Rate at this price.  With 25% Down at market rates these home would provide an aproximate ROI of 18%.  ALL NUMBERS ARE ROUGH FIGURES BASED ON EXPERIENCE AND CURRENT RENTAL AND LENDING MARKETS.  ALL PERSPECTIVE BUYERS SHOULD RUN THEIR O...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Homes for Sale Pittsburg California 94565 If you are looking at Homes for Sale in Pittsburg California 94565 consider these figures.  The number of Homes for Sale in Pittsburg California 94565 that sold jumped over 22% in March from February.  However, prices dropped about 3% based on price per SF from $103.00 to $100.00. Did more Homes for Sale sell because prices dropped? I suspect that might be part of it, but we have less than a 3 month supply of Homes for Sale on the market, which is a sellers market.  However, there may be other causes.  Homes for Sale in Pittsburg California 94565 are popular with investors who are hunting out distressed properties and paying cash for fixer uppers.  I suspect that Homes for Sale in Pittsburg California 94565 are retaining there value and maybe ev...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Bank Owned Homes for Real Estate Investors – Pittsburg California 94565 Real Estate Investors love the great Investment Properties in Pittsburg California 94565 because they are well priced and demand good rents providing excellent Cap Rates and Return on Investment. People want to live in Pittsburg California 94565 because of the easy commute to Central Contra Costa County and the affordable lifestyle it offers. The best buys on Investment Properties in Pittsburg California 94565 are Bank Owned Homes. Bank Owned Homes have now dropped to less than ¼ of the Market in Pittsburg California 94565. However, even with Bank Owned Homes being in Short Supply, with less than two months worth of homes on the market, they are selling for 10% less than the average Home Sale in Pittsburg Californi...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Pittsburg CA - Bankruptcy is one of the scariest words a lender can hear. A bankruptcy filing can stall their ability to foreclose by 6 months, and sometimes as long as a year. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. The lenders know that most bankruptcies will cause them to lose the ability to pursue you for any losses. This means they can't go after you for any upside down debt. The only thing a lender gets in a Chapter 7 Bankruptcy is any collateral they have on a loan. So they can foreclose on your house, but that is about the only thing they can do. They can't garnish your wages or bank accounts. So use the bankruptcy threat in your negotiations. Lenders know how much it will hurt their ability to collect from you. The most ef...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Selling a Home in a Short Sale in Pittsburg California 94565 Selling a Home in a Short Sale is one of the biggest challenges in Real Estate.  In Pittsburg California 94565 there are 96 Short Sale Homes on the market, which is almost half of the homes for sale.  Right now there are 155 Short Sale Homes Pending in Pittsburg California 94565.  Pending can mean that the home is in contract, and that it is in some stage of working towards closing.  For most of these these means waiting on approval from the bank for the Short Sale. In January 17 Short Sale Homes sold in Pittsburg California 94565 and 23 sold in February.  These means only one in every 7 to 8 Short Sale Homes pending closes each month.  The reality is many of the Short Sale Homes never actually end up selling.  However, Recent...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Pittsburg CA - Here are four specific examples of big bank's negligence causing a loan owner to lose money.Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.Example #1: Not giving buyers an answer on a short sale within one week. Home buyers don't like to wait 3-6 months for an answer on a short sale. This fact causes many buyers to shy away from short sales, thereby causing short sales to sell for less.Lenders should help the loan owners recoup as much money as possible from short sales. To do this, they make the short sale approval process as quick as possible.They could start the property valuation process when the property is put on the market and determine a certain price they would accept.More buyers would be willing to purchase the pro...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Pittsburg CA - Here is a shocking fact that most of the American Public doesn't know. Most mortgages are not owned by banks. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. In addition, most of the huge losses on bad mortgages was not lost by the banks themselves. Instead, the biggest loser was Uncle Sam, thru the takeover of Fannie Mae and Freddie Mac. Most mortgages are sold after they are made. We estimate that around 75-80% of all mortgages were sold before the housing crisis. This means that the large lenders didn't take the hit on the bad mortgages they originated. Instead, Uncle Sam often took the hit. Another large buyer of mortgages were pension funds and retirement funds. Do you think the Average American was fleeced by Wall Stre...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Buying a Home in Pittsburg California 94565! Buying a Home in Pittsbburg California 94565 is an exciting opportunity.  Pittsburg California 94565 offers an easy commute to central Contra Costa County while providing fine affordable housing. Right now there are 197 homes available if you are looking at Buying a Home in Pittsburg California 94565.  The Average Asking price is $187,704.00 or $110.00 per SF.  In January 47 homes sold in Pittsburg California 94565 and 50 sold in February with an average price per SF or $106.00.  For those Buying a Home this is a good time with low prices and low interest rates.  The Supply of Homes in Pittsburg California 94565 is 4 months, this is considered a Balanced market.  (Anywhere from 4-7 months is considered balanced.) However, the abundance of Sho...
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By Wendy Cutrufelli, Contra Costa Realtor
(Alain Pinel Realtors)
    The East County Boys & Girls Club is hosting their Poker Night Fundraiser on Saturday, March 26, 2011.  All proceeds of the event benefit future programs of the East County Boys & Girls Club.   Sign up by March 11, 2011 and receive $500 in extra Start Chips!   Even if you can't attend, please consider logging on to their website and clicking "make an online donation".  No donation is too small because every dollar makes a difference!
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Investment Properties Pittsburg California 94565 Right now Investors are picking up bargains Investment Properties in Pittsburg California 94565 and the Best Buys in Pittsburg California 94565 are Bank Owned Homes. The number of Bank Owned Homes in Pittsburg California 94565 is falling off and now represents less than 1/3 of the market. However, this is still a substantial portion of the real estate market. Right now the average asking price for homes in Pittsburg California 94565 is $109.00 per SF, but the average asking price for Bank Owned Homes is $100.00 per SF. This is a big savings, although many Bank Owned Homes may need some work. If repairs needed on these Bank Owned Homes they are minor and the Real Estate Investor stills saves money on these Investment Properties. You can o...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
HAFA to Speed Short Sales in Pittsburg California 94565? Every month I prepare detailed reports on Short Sales in Pittsburg California 94565.  If you want more details on the Short Sale market reports or other market reports in Pittsburg California 94565 or other markets you can e-mail me directly.  The numbers on Short Sales go up and down some from month to month but one thing remains consistent about Short Sales - They are not selling as fast as they should! Right now in Pittsburg California 94565 there are 95 Short Sale Homes on the market representing slightly over 1/2 of the Pittsburg California 94565 real estate market.  Currently there are 153 Pending Short Sale Homes in Pittsburg California 94565, however there were only 18 Short Sales in December and 15 Short Sales in January ...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Homes for Sale Pittsburg California 94565 Homes for Sale in Pittsburg California 94565 are some of the best buys in Contra Costa County.  This report looks at Single Family Homes for Sale in Pittsburg California 94565. Pittsburg California 94565 is a popular East Contra Costa County Community due to the easy commute from Pittsburg, affordable housing, and wonderful homes in the hills overlooking the delta. Right now there are 182 Homes for Sale in Pittsburg California 94565.  The asking price on this homes averages $179,563.00 or $109.00 per SF. The prices on Homes for Sale in Pittsburg California 94565 dropped a little in January as did the number of sales.  In December 82 Homes for Sale sold at an average price of $216,565.00 or an average or $114.00 per SF.  However in January only 4...
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By Shannon Coe, 760-586-5268, San Diego Realtor
(exp realty of California, Inc.)
This is an investors dream!             Cash Flow on California Real Estate?? Yes the opportunity is here! This wonderful rental with 4 bedrooms and 2.5 bathrooms. Over 2100 sq. feet with low maintance back yard. Located in a gated community! Estimated Payments: $820 month with 20% down $235 est. tax $85 est. insurance $124 HOA fee total payment $1264....local rent values are at $1700. That is a $436 a month cash flow... Call for details! Shannon Coe Realtor #01489731 WR Properties Brentwood CA http://www.ShannonCoe.com
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Bank Owned Homes 94565 Right now many Real Estate Investors are buying up Bank Owned Homes. Bank Owned Homes are some of the best bargains for Real Estate Investors and traditional home buyers in years. This report looks at Bank Owned Homes in 94565, Pittsburg California, by comparing the current active month with the sales from the last two months. This report only looks at Single Family Bank Owned Homes, not condos and townhouses. Right now there are 74 Bank Owned Homes on the market 94565 with an average list price of $174,925.00 and a median list price of $167,900.00. The average price per SF is $102.00 and the homes have been on the market an average of 45 days. In November 39 Bank Owned Homes in 94565 sold for an average of $165,913.00 and a median price of $157,500.00. The averag...
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