Reduction in Existing-Home Sales ‘Expected’ According to Piedmont CA Real Estate Agent Broker Anian Tunney

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Anian Tunney Piedmont CA real estate agent broker unconcerned about November drop in sales.

The National Association of Realtors® (NAR) reported that, nation-wide, home sales in November fell by 6.1% from October.(1) The December 22nd press release indicated that reduced inventory was the major contributor to the drop.

“It is hard to be concerned about the reduction in sales, we’re running out of homes to sell,” commented Piedmont, CA real estate agent broker Anian Tunney. “Given the time of year, I am optimistic that more inventory will become available soon and homes sales will increase shortly after,” Tunney remarked. As spring is traditionally the best time of year for home sales, it is reasonable to expect new listings to come on the market early in 2015.

In the meantime, “It is not often we see a market that is both pro-buyer and pro-seller,” Tunney noted. “Interest rates are still remarkably low – great for buyers, yet the reduced inventory definitely gives sellers an edge.”

Tunney did note that “the lack of new construction is problematic. With Millennials entering the market and Baby Boomers living longer, there are just not enough places for people who want their own home.” NAR Chief Economist Lawrence Yun is similarly concerned, “Lagging homebuilding activity continues to hamstring overall housing supply and is still too low in relation to this year’s promising job growth.” Yun adds that “Much faster price and rent appreciation – easily exceeding wage growth – will occur next year unless new construction picks up measurably.”

As a well-established area of the Bay Area, Piedmont is not an ideal location for new construction; rather, it is more suited to buyers moving up. Homes for sale in Piedmont, including 6 King Avenue – offered at $4,200,000, tend to be larger and more appealing to growing families instead of those just entering the 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.

A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 32 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.

Contact Information

Anian Tunney
The Grubb Company Real Estate Brokers
Oakland, CA 94611
510-339-0400 ext 217
tunney(at)grubbco(dot)com
aniantunney.com
aniantunney.com/blog

(1) http://www.realtor.org/news-releases/2014/12/existing-home-sales-lose-momentum-in-november-as-inventory-slightly-tightens

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