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1980 Shea Dr., Pinole, CA Service First Real Estate Short Sale
$245,000
1980 Shea Dr
Pinole, CA
Great 3/2 needs new owners! Make an appointment today to see this wonderful property. Bamboo floors, beautiful tile and vaulted ceilings accent this home. This home has a nice courtyard that you can access from the dining room or living room. Access to the 2 car garage is from the rear. Imagine the possibilities for this home! 
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$1,750,000
37 Nunes Dr.
Novato, CA

Amazing home on a cul-de-sac in the hills of Novato on approx 1.25 acres! Open kitchen w/ built-in appliances and ample storage. Formal dining room has sweeping valley views. The living room has a stunning wood-beam vaulted ceiling. The easy layout is great for entertaining. Level outdoor space - potential for a tennis court, pool & more. 
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$420,000
7335 Sheffield  Ln.
Dublin, CA

Cute as a button contemporary home in a quiet neighborhood near schools and parks. This home has been lovingly maintained. It has an updated eat-in kitchen, formal dining room, living room with fireplace, 3 nice size bedrooms and 2 bathrooms. The nicely landscaped front & rear yard.
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$155,000
500 Grove Ave.
Richmond, CA


Built in 2003, this home has an open layout w/ lots of room for everyone! The spacious living room has a wood burning fireplace. The kitchen is open to the dining room. This home boasts 4 big bedrooms w/ good size closets and 2 full bathrooms. Both baths have separate showers & tubs. This home is fully encompassed by a lovely white wrought iron fence. In addition to the 1 car garage, there is off-street parking for at least 4 cars!
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3560 Miflin Ave, El Sobrante-Service First Real Estate Short Sale
$175,000
560 Miflin Ave.
El Sobrante, CA

Charming El Sobrante home with a great layout waiting for a new owner! This home features a spacious living room w/ real wood burning fireplace, an open kitchen w/ beautiful granite counter tops and lots of storage & a nice size dining room that opens to the yard.  The front yard has beautiful flowering trees, a rose tree and other flowering bushes. The back yard has flowering vines, a delicious lemon tree and wonderful rosemary bush!
Currently pending but contact us to make a back-up offer!
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920 39th Street, Oakland-Service First Real Estate Short Sale
$273,000
920 39th St.
Oakland, CA

This incredible home has been lovingly cared for and is now available for a new owner! This home has a large entry that flow to the separate living and dining rooms. The main level has 1 nice size bedroom and bath. Also on this level is a small bonus room that would be perfect for an office/study or child's play room. This is a split-level home. Up a short flight of stairs is the master suite. The master suite has a very nice size bedroom and an incredible bathroom with separate shower and tub. There is interior access to the finished basement which contains a utility room, laundry area and bonus room with closet (currently being used as a 3rd bedroom). This home has awalk score of 74! 3 blocks to BART and minutes to 580, 80, 24 and 880. This is a wonderful home.
Currently pending but contact us to make a back-up offer!
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Articles

California’s Real Estate Market:     When Will My Home Value Return?

It’s no secret that California experienced one of the worst drops in the housing market over the past two years. As the numbers are released for 2010, many experts, including Standard & Poor’s Ratings, agree that California’s housing market has finally bottomed out. However, as a homeowner, you may still be wondering when the value of your home will finally begin to show signs of recovery.

According to the Fiserv Case-Shiller analysis for Moody’s, your home will not likely return to its boom-era values until at least 2015 or later. If your home is located in the Southern California coastal regions, expect prices to rebound to 2007 or 2008 levels between 2015 and 2025. If you own a home in central California or inland cities, then it may take until after 2025 for the prices to rise again to the boom levels.

However, there is good news for you. Much of the improvement in the overall housing market in California has been seen in the prices of homes that were bought between 2003 and 2008 – undoubtedly California’s biggest real estate bubble in history. The gains in values of these homes have allowed the market to slowly recover.

Median Home Prices Continue to Climb


Amidst a few home value gains in California comes the grim news that April home sales were down over eight percent from the year before. Median prices for existing homes, however, rose nearly 21 percent. The statewide median price for an existing single-family home in California increased to $306,230. This is certainly good news you as you look towards a gradual recovery in your home prices.

The state tax credit that went into effect in May, however, could have been to blame for the decrease in home sales, as many buyers simply put off closing until May 1 to take advantage of both state and federal tax credits. As these tax incentives make their way through the system, many real estate experts expect sales to stay strong throughout the summer.

In addition, mortgage rates continue to remain incredibly low, thereby allowing many buyers to take advantage of both low interest rates and affordable home prices. A 30-year fixed mortgage was 5.10 percent as of May 1, according to Freddie Mac.

Positive Signs of Recovery

Other positive signs of recovery in California can be seen when examining the number of days homes sit on the market. The median number of days it took to sell a single-family home in California is currently 39.4 days, a positive turnaround from 48.1 days during the same time last year.

The highest median home prices in California, as of April, were: Manhattan Beach, Saratoga, Los Altos, Mill Valley, Laguna Beach, Cupertino, Newport Beach, Los Gatos, Calabasas, and Santa Monica.

The demand for distressed properties continues to drive the market and inventory remains consistent in most markets because of it. Homes that are priced below $300,000 are driving sales, as there is currently just a 3.3-month supply for these homes compared to an historical average of seven months.

In conclusion, California’s real estate prices have appeared to reach the bottom, and many experts do not expect a further decline in prices. However, many analysts do not expect your California home to return to its 2007 and 2008 prices until well after 2015 or even 2025.

Source: Click to read this article from the original source, Online Home Mortgage.net