Piedmont Oakland, CA (PRWEB) June 22, 2013
Anian Tunney Piedmont CA real estate agent broker discusses the California Association of Realtors® (CAR) May 2013 Home Sales and Price Report as reported in their press release published on June 17, 2013.(1) The median home price in California, pushed up by strong sales in higher-priced markets, and the continuation of a supply shortage, saw its highest year-over-year price increase in 33 years. May 2013’s median price of an existing single-family home rose 31.9 percent over May 2012. This year-over-year price increase is the highest since at least 1980, when CAR began tracking this statistic. The median sales price is the point where half of all houses sold below this number, and half sold above this number. It is influenced by the types of homes sold, such as in higher-priced, or lower-priced markets, as well as market changes in over-all real estate values. Listed for sale in Piedmont is 339 Sea View, listed for $2,995,000.
Tunney points out that CAR Vice President and Chief Economist Leslie Appleton-Young said: “While home prices are increasing at levels above those observed in 2006-2007, the fundamentals of the housing market are much more solid than what we experienced a few years ago. More home buyers are putting down larger down payments, and many of them are opting for more stable loan products. Additionally, historically low mortgage rates have reduced monthly mortgage payments substantially, making owning a house more affordable, even with rising home prices.” The CAR report also notes that the supply of homes available for sale dipped in May, with an inventory supply of 2.6 months, down from April at 2.8 months, and down from 3.6 months in May of 2012. Homes sold more quickly in May, decreasing to 27.1 days to sell a home, down from a revised 45.7 days from the same period a year ago. A good example of the homes for sale in Piedmont is 72 Huntleigh Drive.
Tunney points out that for Alameda County, the median sold price of existing single-family homes increased 34.4 percent from a year ago. Inventory supply was down to 2.1 months from 2.5 months a year ago, and the median time on the market dropped to 48.2 days from 64.3 days a year ago, a 25 percent drop. In the San Francisco Bay Area, only Napa and Solano counties saw a greater increase in the median price, at 42.2 percent and 37.4 percent respectively. Time on the market dropped 40 percent and 31 percent respectively in these counties. Another good example of real estate for sale in Piedmont is 87 Sea View Avenue.
About Anian Tunney Piedmont Oakland Real Estate
Anian Tunney, agent broker with The Grubb Company, was the number one of all real estate agents in Piedmont CA in 2012 in the number of units sold and sales volume, according to East Bay Regional Data, Inc.
Additionally, Tunney is always in the top two in yearly real estate sales for The Grubb Company Piedmont CA office. She is known for her knowledge, experience and networking in the Piedmont community; qualities which are invaluable in finding that special home for her clients.
Tunney has been with the Grubb Company for over 30 years.
She is a fifth generation Piedmont resident, spending most of her life here, raising her family of four and active in community projects such as the Piedmont Beautification Foundation, and the East Bay Museum Auxiliary. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making it truly a family vocation. One of her clients called her the Realtor with the velvet hammer; she negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.