Piedmont, CA (PRWEB) September 03, 2014
Recently, the California Association of Realtors® (CAR) published the home sales numbers for July(1). Statewide, while sales increased from June, they were down by 10% from July 2013. C.A.R. President Kevin Brown commented that, “It’s encouraging that home sales have risen in the past two months, but low housing affordability and stringent underwriting standards are still holding back sales.”
“As usual, the San Francisco Bay Area is doing things differently,” remarked Anian Tunney, a Piedmont, CA real estate agent broker. The nine Bay Area counties came in with a 6% increase in sales from June to July and only a 1.6% drop from July 2013. In all seriousness, Tunney noted that, “even though the Bay Area likes to buck the trend, it is critical for Bay Area realtors to pay attention to what occurs outside the region – the transient nature of our population requires it.”
Economists expect increased sales to continue for multiple reasons. First, available inventory has grown from 2.9 months in July 2013 to 3.8 months this July. While the “normal market” supply is generally six to seven months, this year to year increase is a positive sign. Inventory of homes for sale in Piedmont includes 87 Sea View Avenue, offered at $5,250,000. Due to the higher prices in Piedmont and the surrounding Bay Area, the available inventory is closer to four months.
The second major contributor to the forecasted increase of sales is the news that credit scores should be going up due to changes in how they are calculate. This will primarily help first-time and moderate-income buyers. However; “indirectly improved credit scores help the entire real estate market because it allows for more people to move up into higher budget communities such as Piedmont,” noted Tunney. One example of houses for sale in Piedmont is 6 King Avenue, offered at $4,950,000.
Economists are also encouraged by the fact that interest rates continue to stay low – even dropping – and that prices are beginning to level out.
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.
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, the East Bay Museum Auxiliary, and the Piedmont school district. 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.