Piedmont, CA (PRWEB) April 29, 2014
In early April, the National Association of Realtors® (NAR) released the results of their 2014 Investment and Vacation Home Buyers Survey(1). This annual survey shows that the purchase of vacation homes increased by almost 30% from 2012 to 2013 while the purchase of investment properties fell by 8.5% over the same time period.
“Before understanding the numbers, it is important to understand the terminology. A vacation home is a recreational property primarily used by the buyer or the buyer’s family. An investment property, on the other hand, is a residential property purchased with the intention of renting to others or for other investment purposes,” explained Anian Tunney, a real estate agent broker from Piedmont, CA.
“These numbers almost perfectly reflect how the economy is recovering,” remarked Tunney. “As for the recreational market, the growth in the equity markets has been a boon to high net-worth home owners, providing the resources necessary to purchase additional properties. Purchases of investment property, however, are down because the inventory of distressed homes is almost non-existent.” Distressed property – short sales, homes in foreclosure, or bank-owned houses – being the primary market for investment purchasers.
“Although I work primarily with owner-occupier buyers and sellers, I can see the economic recovery in my area. My inventory is increasing, yet houses are not on the market for long. The combination shows me that sellers are confident in the values of their homes and that buyers are confident in the future – at least the short term.” 33 Calvert, offered at $995,000, is an excellent example of homes not lasting long on the market. Tunney listed this Piedmont house on April 4th and at writing, the property was already in contract. Currently, one home for sale in Piedmont is 115 Dudley, offered at $2,200,000. Tunney recently closed sales on two large homes in Piedmont; one at 150 Requa Road for $6,500,000 and the other at 1 Bellevue for $4,500,000 which shows the strength of the local Piedmont real estate market.
About Anian Tunney, Broker Associate
Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2013 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. Additionally, Tunney is always in the top two in yearly real estate sales for The Grubb Company’s Piedmont, office. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients. Tunney also supports the Piedmont schools in a big way.
A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is 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 Piedmont Realty truly a family vocation. Tunney 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.