Townhomes in Rivermark are selling quickly even the short sales. Multiple offers are quite the norm in these situations so be prepared.  Out of the last 7 sold listings all have sold within two weeks of listing.  4464 Laird is the execption, that property’s buyer fell through and had to come back on the market only to be sold again with multiple offers.

It seems that there has been a steady stream of inventory for Rivermark townhomes but the supply is not keeping up with demand.  Its shaping to be a competitive buying year and one that we may experience an increase in prices should the job market not deteriorate further or improve. 

	List Price	Status	Street Address	DOM	Sale Price	List Date	Sale Info
1	$540,000	Pending	4456 LICK MILL BL	6	–	2/5/2010	Short Sale
2	$699,000	Pending	4551 LAIRD CIR	12	–	1/21/2010	Not Applicable
3	$615,000	Pending	4445 LICK MILL BL	8	–	1/13/2010	Short Sale
4	$575,000	Pending	4464 LAIRD CIR	136	–	9/22/2009	Short Sale
5	$599,000	Pending Show	4004 FITZPATRICK WAY	7	–	2/16/2010	Not Applicable
6	$585,000	Pending Show	4027 CRANDALL CIR	14	–	1/28/2010	Not Appicable
7	$688,000	Pending Show	4044 CRANDALL CIR	8	–	1/26/2010	Short Sale
8	$699,000	Sold	4485 LAIRD CIR	9	$735,000	1/12/2010	Not Applicable
9	$609,000	Sold	4034 LICK MILL BL	6	$600,000	12/23/2009	Short Sale
10	$673,500	Sold	4471 LAIRD CIR	4	$699,000	12/4/2009	Not Applicable
11	$545,000	Sold	599 MORELAND WAY	292	$545,000	10/10/2008	Short Sale

Similar Posts:

• Rivermark Active Listings and Short Sales
• Rivermark Home Sales in November 2009
• 3 Rivermark Landings Plan 1 Townhomes For Sale
• Spacious Rivermark Townhome Short Sale – Great Price
• Foreclosed and Bank Owned in Rivermark

Rivermark real estate listing activity is picking up, for townhomes at least. Single family homes are still hard to come by. Currently there are 5 available townhomes on the market and 1 Mission Gardens townhome.  Out of the 5 Rivermark properties only two are short sales.  Although you expect more short sales this year, this may be a clear indication that the Rivermark market is showing more strength and stabilizing further.   For those of you on the fence now is the time to actively start looking.

	List Price	Status	Street Address	Beds	Baths	DOM	Listing Info
1	$585,000	Active	4027 CRANDALL CIR	2	2.5	1	Not Applicable
2	$739,999	Active	1101 E RIVER PY	3	2.5	2	Not Applicable
3	$688,000	Active	4044 CRANDALL CIR	3	2.5	3	Short Sale
4	$699,000	Active	4551 LAIRD CIR	3	2.5	8	Not Applicable
5	$520,000	Active	1841 GARZONI PL	3	2.5	15	Short Sale
6	$575,000	Active	4464 LAIRD CIR	3	3	129	Short Sale

Similar Posts:

• Rivermark Market Snapshot
• Spacious Rivermark Townhome Short Sale – Great Price
• Rivermark Santa Clara- REO’s & Short Sales
• 3 Rivermark Landings Plan 1 Townhomes For Sale
• Rivermark Town home, REO, Unbelievable Deal

November of 2009 the Rivermark area experienced 3 single family home closings and 6 townhome and condo sales.  Home sold generally over asking or very close to asking.

Single family homes are in dark text and condo’s and townhomes are in blue text.

	List Price	Street Address	DOM	Sale Price	Close Date
1	$1,170,000	1044 GARRITY WAY	11	$1,140,000	11/24/2009
2	$759,950	4130 TOBIN CIR	13	$767,000	11/9/2009
3	$988,000	1187 DOYLE CIR	10	$965,000	11/13/2009
4	$679,000	4010 FITZPATRICK WAY	6	$681,000	11/17/2009
5	$549,000	4486 MOULIN PL	21	$540,000	11/20/2009
6	$275,000	3901 LICK MILL BL UNIT 249	13	$288,000	11/13/2009
7	$649,999	4534 LICK MILL BL	34	$645,000	10/22/2009
8	$292,500	3901 LICK MILL BL UNIT 452	10	$309,000	11/25/2009
9	$648,888	4360 RIVERMARK PY	279	$670,000	11/29/2009

• Rivermark Market Snapshot
• Rivermark Active Listings and Short Sales
• 3 Rivermark Landings Plan 1 Townhomes For Sale
• Spacious Rivermark Townhome Short Sale – Great Price
• Rivermark Santa Clara- REO’s & Short Sales

Currently in Rivermark there are 17 homes in some form of distress, either owners in default, trustee sales that have been scheduled and properties that have already been foreclosed and are currently bank owned.  Out of the seventeen distressed properties, 2 are single family homes and 15 are town homes.

Some of the distressed homes are already short sales pending sale, some are bank owned homes that are listed or pending sale.  Leaving about 11 homes that are in some form of distress that may come up for sale.

Conversations with my buyers about foreclosure moratoriums and pent up foreclosures that will hit the market in the coming months just are not the case in Rivermark.  As you can see there are only 11 homes left that may eventually come to sale.  Keep in mind some of these home owners my successfully modify their mortgages, in a rare occasion they may become current on their mortgage, or eventually opt for a short sale and avoid foreclosure.

If you have any questions about the Rivermark development please call me and I will be happy to assist you.

Foreclosure Lingo:

Notice of Default: Letter sent to party as reminder loan has not been paid; may include a grace period and penalties for failing to cure the default. May lead eventually to a Notice of Trustee Sale.

Notice of Trustee Sale: Non-judicial action in which trustee may auction and sell property secured by a deed of trust subsequent to default in terms and conditions of loan.May lead eventually to a Trustee’s Deed.

Trustee’s Deed: Type of deed issued to buyer at foreclosure by trustee. In this case it is the primary lien holder generally the first primary bank or lender.
Similar Posts:

• Rivermark, Santa Clara NOD – Notice of Defaults
• Foreclosed and Bank Owned in Rivermark
• Distressed Properties in Rivermark Santa Clara
• Rivermark Market Snapshot
• Bank Owned or REO Townhome in Rivermark

The last few weeks I have been writing about the market conditions around Rivermark, Santa Clara.  Citing a number of short sale homes and condos, at significantly reduced prices.  In the last week there has been a slight shift in the market with increased buyer activity that has resulted in some Rivermark home sales.  Although sales numbers for the year are a bit down and a significant portion of the listings are short sales listings buyers have come out and put up some offers.

This past weekend I showed some properties in the Rivermark and Miraval complex, and 2 of the 7 properties that I intended to show just entered into contract, within the last 2 days.  Now that buyers are recognizing that the market may not fall any further the buying opportunties are being noticed.

For a look at the sales and listings for Rivermark so far this year view the Rivermark Single Family market update.

Rivermark Home Listings and Sales

For a look at the sales and listings for Rivermark Townhomes and Miraval Condos so far this year view the market update.

Rivermark & Miraval Townhome and Condo UpdateSimilar Posts:

• Rivermark Santa Clara- REO’s & Short Sales
• Distressed Properties in Rivermark Santa Clara
• Short Sale – Another Wonderful Park Plan 2 Rivermark Townhome
• Rivermark Active Listings and Short Sales
• Rivermark Homes, Town Homes and Statistics

It’s no surprise that any newer developments in the Santa Clara County as of the past 5 years are going to experience a high number of Short Sales and REO or Bank Owned properties. Rivermark in Santa Clara is no exception.

Rivermark Townhome Short Sale

Rivermark is a master planned community developed in 2002 by Lennar, Centex and Shea Homes encompassing over a 1500 single family and town home units. Also around the Rivermark development is the Miraval Homes Luxury condo development and Mission Gardens single family homes, townhomes, and condo’s.

Many of these units have resold in the last few years since their initial releases, leaving some home owners at peak prices resulting in short sales and no opportunity to refinance.

Currently in the Santa Clara Rivermark location there are 14 condo short sales and 1 bank owned condo.  There are no single family short sales or REOs at the moment.

Miraval Condo

A good portion of these short sales are in the Miraval Condominium Complex.  Miraval is a Luxury condo complex providing nicely appointed units with great amenities in the complex.  Currently there are 5 short sale units for sale in Miraval.  One bedroom units starting at $280K and 2 bedroom units at $400K.

As for the Rivermark development currently there are only townhomes availables.  Which says alot about Rivermark and the fact that the single family home values have not been hit too hard.  Many times buyers offten ask what is a better investment a townhome or a single family home.  As you can see single family homes rarer in Rivermark have held up very well so var with all the market pressures.

For a list of active short sales and bank owned properties in the Santa Clara Rivermark area follow the link below.

Rivermark Short Sale TownhomesSimilar Posts:

• Santa Clara Rivermark Home Sales
• Rivermark Homes, Town Homes and Statistics
• Rivermark Active Listings and Short Sales
• Rivermark Notice of Defaults, Notice of Trustee Sale and Bank Owned
• Rivermark, Santa Clara NOD – Notice of Defaults