Real Estate
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Luxury home sales up 27% in East Bay market The East Bay’s hot luxury housing market got even hotter in April with sales of highend homes surging once again, according to a new report by Coldwell Banker Residential Brokerage, a Bay Area’s provider of luxury real estate services. A total of 133 homes sold for more than $1 million in April, up nearly 27% from the same month last year and nearly 20% from March when 105 and 111 million-dollar properties changed hands, respectively. Last month was the highest level of luxury sales since last June. The upper end of the luxury market also turned in a strong performance last month with 10 sales in excess of $2 million, more than double March’s total of four multimillion-dollar sales and up from six last April. Meanwhile, the median sale price for a luxury home also rose on a month-overmonth basis in April. The median reached $1,275,000, up 2.9% from March. It was exactly the same price as a year ago. The figures were derived from Multiple Listing Service data of all homes that sold for more than $1 million last month in Contra Costa and Alameda counties. “The East Bay’s luxury market only seems to get hotter as we move through spring and toward the summer months,” said Rick
Livermore
5 BEDROOMS 401 Horsetrail Ct $2,240,000 Sun 2-4 J. Rockcliff Realtors Inc 855-4000
3 BEDROOMS 2254 Fourth St Sun 1-4 Coldwell Banker
6 BEDROOMS 1311 Laverock Lane $2,599,000 Sun 1-4 Michael Hatfield Broker 984-1339
Castro Valley
Pleasanton boasts 16 $1-million-plus sales in April BY JEB BING
Alamo
3 BEDROOMS 18404 Lakecrest Ct Sun 1-4 Lisa Ferraris
Turley, president of Coldwell Banker Residential Brokerage. “With strong buyer demand and not enough homes on the market to go around, we continue to see multiple offers on many homes and sales over asking price.” In some communities, inventory is down as much as 50% from a year ago. The shortage of listings has also resulted in homes selling faster and over the asking price, on average. Some key findings from this month’s Coldwell Banker Residential Brokerage luxury report: ■ The most expensive sale in the East Bay last month was a five-bedroom, six-bath 7,746-square-foot home in Fremont that sold for $3,465,000; ■ Alamo boasted the most luxury sales with 19, followed by Fremont with 18, Pleasanton with 16, Lafayette and Oakland with 14 each, and Danville with 13; ■ Homes sold in an average of just 41 days compared to 57 days the previous month and 48 days a year ago; ■ Sellers on average received 99% of their asking price compared to 98.4% the previous month and 98.1% a year ago. The East Bay Luxury Housing Market Report is a monthly report by Coldwell Banker Residential Brokerage, which specializes in high-end real estate sales. N
$425,000 251-2536
Danville 2 BEDROOMS 17 Oakridge Ln Sat/Sun 1-4 Keller Williams Realty
$789,000 855-8333
3 BEDROOMS 4384 Conejo Drive Sun 1:30-4:30 Alain Pinel Realtors
$379,900 314-1111
4 BEDROOMS 75 Versailles Ct Sun 1-4 Coldwell Banker
$799,950 837-4100
Diablo 5 BEDROOMS 1528 Avenida Nueva Sun 12-4 Keller Williams Realty
$495,000 847-2200
Pleasanton 3 BEDROOMS 2604 Corte Elena Sun 1-4 Coldwell Banker 841 Kolln St Sun 1:30-4:30 Moxley Team
$685,000 847-2200 $545,000 600-0990
4 BEDROOMS 640 Varese Ct $1,875,000 Sun 1-4 Fabulous Properties 980-0273 5571 San Jose Dr $830,000 Sun 1-4 Keller Williams Tri-valley 397-4200 1010 Lamb Court $679,000 Sun 1-4 Blaise Lofland 846-6500 6070 Inglewood Dr $575,000 Sun 1:30-4:30 Moxley Team 600-0990 5 BEDROOMS 3623 Cameron Ave Sun 1:30-4:30 Moxley Team 1041 Germano Way Sun 1-4 Fabulous Properties
$1,299,000 600-0990 $2,975,000 980-0273
San Ramon $2,349,999 855-8333
Dublin
5 BEDROOMS 593 Karina Ct Sat/Sun 1-4 Keller Williams Realty
$974,900 855-8333
Sunol
4 BEDROOMS 11640 Luna Ct Sat/Sun 1-4 Coldwell Banker
$575,000 847-2200
3 BEDROOMS 9895 Foothill Rd Sun 1-3 Kristy Peixoto
$1,299,000 251-2536
Find more open home listings at pleasantonweekly.com/real_estate For marketing opportunities contact Andrea Heggelund at 600-0840 x110.
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PHYLLIS WEINER PETER MCDOWELL
WEINER MCDOWELL GROUP
925.251.2585 925.251.2550
YOUR HOME MIGHT BE WORTH MORE THAN YOU THINK... IT’S CERTAINLY WORTH A CALL.
1545 YUKON PLACE 1545Yukon.com An exceptional home in the Portofino neighborhood of desirable South Livermore! This luxurious 4 bedrooms plus office and bonus room with 3777 sq.ft. on a fabulous 1/3 acre lot with pool, spa, playhouse and gorgeous oak tree.
1545 Yukon Place
New Price - $949,950
eter Phyllis Weiner & P
McDowell
J. Rockcliff JR
Realtors Page 20ÊUÊJune 8, 2012ÊUÊPleasanton Weekly
PENDING - Representing Buyer
8207 Regency Drive
JUST SOLD $1,468,888
8226 Regency Drive
SOLD $1,638,000
993 Summitt Creek Court
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