In reference to the news released by the California Association of Realtors® (CAR) regarding September home sales(1), Anian Tunney, a real estate agent broker in Piedmont, CA, commented that while sales were down, the overall real estate market is on the mend. According to CAR, higher interest rates and continued economic uncertainty were the primary factors influencing September sales.
Tunney highlights the fact that although September sales were down 2.6% from September 2012; the inventory of single-family detached homes is up from August and almost even with September 2012. At 3.6 months, however, the current supply falls short of the six to seven month supply considered typical. One such home for sale in Piedmont is 150 Requa Road, currently offered at $7,400,000.
CAR President, Don Faught, is encouraged by the steady increase in the Californian housing inventory which is at its highest point since mid-2012. Locally, inventory is increasing as well to include such homes for sale in Piedmont as 85 Sandringham Road, offered at $1,849,000.
Find out what's happening in Piedmontwith free, real-time updates from Patch.
Tunney notes that, in the short term, home sales may continue to have tough times ahead. Analysts expect the federal government to taper off the stimulus program – resulting in increased interest rates. Rates declined some when the Fed decided last month to stay the course with the stimulus. However, the government shutdown and debt ceiling discussion could prove to have a negative impact on the market.
Even with some minor setbacks expected, Tunney continues to be optimistic about the houses for sale in Piedmont specifically, and California in general, including 179 Estates Drive, offered at $3,495,000.
Find out what's happening in Piedmontwith free, real-time updates from Patch.
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 2012 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, 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. Known by at least one client as “The Realtor with the Velvet Hammer,” 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
