In the following graph we show what has happened with price and inventory levels for single family detached homes in the Bay Area City of San Ramon. The graph shows the raw inventory levels for all price points and the price is the median sales price. There is a couple of interesting  things that showed up last year. First of all we see during the summer and early fall months that inventory and price increased at the same rate. This is a bit counter intuitive as typically we see price drop as inventory increases. During the the late fall and winter months we see something that is more traditional  where inventory has dropped significantly and prices are increasing. I expect to see inventory beginning to increase beginning in February and escalate through the summer months in 2012. I also expect prices to level off as a result of the high number of short sales we will be seeing this year.

In this video I discuss just what will happen in 2012 for the Bay Area Real Estate Market. There are some things that will happen which you should be aware of and some great opportunities for investors as well as active and retired military personnel. Here is a must see link for this considering a purchase with a VA loan: The Va Home Loan Source

This link is a must see for those who are in danger of foreclosure: Alternative to Foreclosure

The following graphs gives you an idea of just what has happened in the Danville Real Estate Market. An interesting trend is that while inventory is dropping we see the median sales price increase. This is expected and is normal, and the interesting thing is that while the median sales price is increasing the Average Price Per Square Foot is decreasing. This points to a trend where the higher end homes are being sold at a discount. We are seeing homes that are listed for prices under $700,000 sell fairly quickly and in some cases with multiple offers. My prediction for this market in 2012 is that we will continue to see a lowering of prices at the higher price points. I also expect to see inventory increase during Q2 with a large percentage of the new inventory being short sales.

In the following video from Fox News we see a prediction for home sales in 2012. I am seeing more and more industry experts saying that right now is the time to buy.

We have had a couple of instances lately that have caused me to record this video regarding FHA loans. Basically if you are buying a home that has been owned by the current owner for less than 90 days then you are buying a Flip home. Flip homes are those where a seller is looking to turn a quick profit on the purchase and or upgrade of a home. In this video I let you know what to look out for and how you should proceed.