The following tables show the state of health of the Tri Valley real estate market.  Red cells indicate unfavorable conditions for sellers and green cells indicate favorable conditions for sellers.

Notes on September market:

Median home prices and $/sq-ft are holding fairly steady, but still off 30-35% their peak values.  Number of acive listings and pending homes has also stayed fairly constant.  One troubling sign is that the number of REO & short listings have increased in all three cities, even in Pleasanton.  We need to see REO's and short listings decrease, I believe, before the market starts to recover.

Detached Listings:	REO	Short	Both	% REO	% Short	% REO or Short
Livermore	56	77	133	15.47%	21.27%	36.74%
Dublin	11	20	31	11.58%	21.05%	32.63%
Pleasanton	10	24	34	3.92%	9.41%	13.33%

Sep-08	Dublin
	Value	% Historical Max	% Historical Min	% Historical Normal for September	% change from  August	% Higher or Lower than Historical Normal for September
Median	$     630,000	71.8%	164.7%	103.3%	-3.8%	-2.5%
$/sq-ft	$            296	73.7%	108.9%	86.7%	-6.6%	-1.6%
Active Listings	95	59.0%	135.7%	75.4%	-13.6%	-6.5%
Pending	72	100.0%	600.0%	167.4%	22.0%	4.2%
Sold	17	30.9%	188.9%	59.5%	-45.2%	-36.9%
DOM	42	43.0%	468.0%	138.4%	-33.3%	-22.2%
Active # REO or Short	31	86.1%	134.8%	N/A	N/A	N/A
Pending # REO or Short	40	100.0%	181.8%	N/A	N/A	N/A
Sold # REO or Short	9	60.0%	225.0%	N/A	N/A	N/A
Sep-08	Livermore
	Value	% Historical Max	% Historical Min	% Historical Normal for September	% change from  August	% Higher or Lower than Historical Normal for September
Median	$     475,000	66.9%	129.4%	95.0%	1.1%	3.5%
$/sq-ft	$            298	77.0%	102.6%	87.6%	0.5%	-0.8%
Active Listings	362	80.1%	175.7%	88.7%	0.0%	1.0%
Pending	142	95.9%	710.0%	161.4%	0.0%	6.4%
Sold	59	38.3%	245.8%	73.1%	-19.2%	3.9%
DOM	50	49.9%	458.1%	135.2%	-20.7%	-22.2%
Active # REO or Short	133	97.8%	160.2%	N/A	N/A	N/A
Pending # REO or Short	102	100.0%	185.5%	N/A	N/A	N/A
Sold # REO or Short	32	91.4%	168.4%	N/A	N/A	N/A
Sep-08	Pleasanton
	Value	% Historical Max	% Historical Min	% Historical Normal for September	% change from  August	% Higher or Lower than Historical Normal for September
Median	$     788,500	65.7%	159.6%	114.0%	7.3%	7.7%
$/sq-ft	$            400	88.5%	102.8%	96.7%	0.4%	1.8%
Active Listings	255	95.1%	231.8%	108.5%	0.0%	1.7%
Pending	63	73.3%	315.0%	132.6%	0.0%	9.5%
Sold	32	27.6%	228.6%	55.0%	-34.7%	-9.6%
DOM	52	56.3%	523.1%	162.1%	-0.7%	7.0%
Active # REO or Short	34	100.0%	283.3%	N/A	N/A	N/A
Pending # REO or Short	18	100.0%	180.0%	N/A	N/A	N/A
Sold # REO or Short	2	33.3%	200.0%	N/A	N/A	N/A

Notes on the August market:  The market conditions are fairly mixed, but things are looking up.  Although median prices slipped for Livermore and Pleasanton, Dublin increased slightly.  It is typical for median home prices to slip from July to Aug.  However, $/sq-ft increased for all three cities from July to Aug which is also expected.  Inventory has dropped or remained steay, which is a good sign because normally, inventory increases.  # of REO's and Short sales stayed pretty constant, which is unfortunate because we want to see them decrease.  As far as rates go, unfortunately mortgage rates have increased almost steadily in the past eight months but at least prime has stayed low at 5% for the last four months.  Other than the rates being high, it remains a strong buyers market.

Aug-08	Dublin
	Value	% Historical Max	% Historical Min	% Historical Normal for August	% change from  July	% Higher or Lower than Historical Normal for August
Median	$     655,000	74.6%	171.2%	106.0%	2.8%	6.0%
$/sq-ft	$            317	78.9%	116.6%	88.2%	1.8%	-2.5%
Active Listings	110	68.3%	157.1%	81.1%	-7.6%	-3.1%
Pending	59	88.1%	491.7%	161.6%	0.0%	12.0%
Sold	31	56.4%	344.4%	99.6%	-18.4%	-13.8%
DOM	63	64.4%	701.4%	184.4%	82.7%	51.6%
Active # REO or Short	29	80.6%	126.1%	N/A	N/A	N/A
Pending # REO or Short	27	81.8%	122.7%	N/A	N/A	N/A
Sold # REO or Short	8	53.3%	160.0%	N/A	N/A	N/A
Aug-08	Livermore
	Value	% Historical Max	% Historical Min	% Historical Normal for August	% change from  July	% Higher or Lower than Historical Normal for August
Median	$     470,000	66.2%	128.1%	91.7%	-5.1%	-2.2%
$/sq-ft	$            296	76.6%	102.1%	88.3%	2.1%	-0.7%
Active Listings	362	80.1%	175.7%	87.9%	2.3%	-2.6%
Pending	142	95.9%	710.0%	151.1%	2.9%	8.4%
Sold	73	47.4%	304.2%	69.6%	0.0%	-17.9%
DOM	64	62.9%	577.6%	173.1%	10.3%	6.4%
Active # REO or Short	108	87.8%	130.1%	N/A	N/A	N/A
Pending # REO or Short	80	92.0%	145.5%	N/A	N/A	N/A
Sold # REO or Short	31	88.6%	163.2%	N/A	N/A	N/A
Aug-08	Pleasanton
	Value	% Historical Max	% Historical Min	% Historical Normal for August	% change from  July	% Higher or Lower than Historical Normal for August
Median	$     735,000	61.3%	148.8%	105.8%	-14.0%	-8.6%
$/sq-ft	$            398	88.1%	102.4%	95.0%	2.4%	0.6%
Active Listings	255	95.1%	231.8%	106.7%	-4.9%	-4.7%
Pending	63	73.3%	315.0%	120.0%	1.6%	11.1%
Sold	49	42.2%	350.0%	63.0%	-14.0%	-14.9%
DOM	53	56.6%	526.7%	150.8%	14.6%	-5.9%
Active # REO or Short	20	100.0%	166.7%	N/A	N/A	N/A
Pending # REO or Short	11	78.6%	110.0%	N/A	N/A	N/A
Sold # REO or Short	6	100.0%	600.0%	N/A	N/A	N/A

Jul-08	Dublin
	Value	% Historical Max	% Historical Min	% Historical Normal for July	% change from  July	% Higher or Lower than Historical Normal for July
Median	$     637,150	72.6%	166.6%	99.8%	1.8%	3.3%
$/sq-ft	$            311	77.5%	114.5%	90.3%	-5.4%	0.2%
Active Listings	119	73.9%	170.0%	83.8%	-4.0%	-4.7%
Pending	59	88.1%	491.7%	142.2%	-11.9%	9.0%
Sold	38	69.1%	422.2%	116.5%	31.0%	41.7%
DOM	35	35.3%	383.9%	132.3%	-48.4%	-27.5%
Active # REO or Short	24	66.7%	100.0%	N/A	N/A	N/A
Pending # REO or Short	25	75.8%	113.6%	N/A	N/A	N/A
Sold # REO or Short	15	100.0%	300.0%	N/A	N/A	N/A
Jul-08	Livermore
	Value	% Historical Max	% Historical Min	% Historical Normal for July	% change from  July	% Higher or Lower than Historical Normal for July
Median	$     495,000	69.7%	134.9%	93.9%	-6.3%	-3.4%
$/sq-ft	$            290	75.0%	100.0%	88.9%	-5.7%	0.0%
Active Listings	354	78.3%	171.8%	90.1%	1.1%	-2.0%
Pending	138	93.2%	690.0%	138.7%	-6.8%	0.7%
Sold	73	47.4%	304.2%	82.0%	0.0%	16.8%
DOM	58	57.0%	523.7%	163.1%	-11.4%	-18.4%
Active # REO or Short	108	94.7%	117.4%	N/A	N/A	N/A
Pending # REO or Short	72	86.7%	130.9%	N/A	N/A	N/A
Sold # REO or Short	33	100.0%	173.7%	N/A	N/A	N/A
Jul-08	Pleasanton
	Value	% Historical Max	% Historical Min	% Historical Normal for July	% change from  July	% Higher or Lower than Historical Normal for July
Median	$     855,000	71.3%	173.1%	116.4%	3.0%	4.9%
$/sq-ft	$            389	86.1%	100.0%	94.4%	-0.3%	0.5%
Active Listings	268	100.0%	243.6%	112.0%	6.8%	3.6%
Pending	62	72.1%	310.0%	106.9%	-10.1%	4.6%
Sold	57	49.1%	407.1%	73.9%	16.3%	25.2%
DOM	46	49.4%	459.6%	158.5%	-3.0%	8.8%
Active # REO or Short	18	100.0%	150.0%	N/A	N/A	N/A
Pending # REO or Short	13	100.0%	108.3%	N/A	N/A	N/A
Sold # REO or Short	4	100.0%	400.0%	N/A	N/A	N/A

Jun-08	Dublin
	Value	% Historical Max	% Historical Min	% Historical Normal for June	% change from  June	% Higher or Lower than Historical Normal for June
Median	$     626,000	71.3%	163.7%	96.5%	-1.3%	-3.2%
$/sq-ft	$            329	81.9%	121.0%	90.2%	-0.6%	-4.2%
Active Listings	124	77.0%	177.1%	87.9%	0.0%	-3.7%
Pending	67	100.0%	558.3%	127.6%	19.6%	5.5%
Sold	29	52.7%	322.2%	79.5%	31.8%	-4.6%
DOM	67	68.3%	744.1%	203.0%	60.3%	28.1%
Active # REO or Short	36	100.0%	150.0%	N/A	N/A	N/A
Pending # REO or Short	33	100.0%	150.0%	N/A	N/A	N/A
Sold # REO or Short	5	33.3%	100.0%	N/A	N/A	N/A
Jun-08	Livermore
	Value	% Historical Max	% Historical Min	% Historical Normal for June	% change from  June	% Higher or Lower than Historical Normal for June
Median	$     528,000	74.4%	143.9%	97.3%	8.9%	6.9%
$/sq-ft	$            308	79.5%	106.0%	88.8%	0.0%	0.3%
Active Listings	350	77.4%	169.9%	91.9%	-9.3%	-9.2%
Pending	148	100.0%	740.0%	137.7%	6.5%	7.9%
Sold	73	47.4%	304.2%	68.2%	28.1%	9.7%
DOM	65	64.4%	591.0%	197.0%	14.0%	13.4%
Active # REO or Short	98	86.0%	106.5%	N/A	N/A	N/A
Pending # REO or Short	72	86.7%	130.9%	N/A	N/A	N/A
Sold # REO or Short	23	69.7%	121.1%	N/A	N/A	N/A
Jun-08	Pleasanton
	Value	% Historical Max	% Historical Min	% Historical Normal for June	% change from  June	% Higher or Lower than Historical Normal for June
Median	$     830,000	69.2%	168.0%	110.9%	6.0%	1.1%
$/sq-ft	$            390	86.3%	100.3%	94.0%	-5.8%	-2.6%
Active Listings	251	93.7%	228.2%	108.2%	1.2%	-8.1%
Pending	69	80.2%	345.0%	101.5%	-19.8%	-6.4%
Sold	49	42.2%	350.0%	57.9%	16.7%	-5.8%
DOM	47	50.9%	473.7%	144.1%	3.3%	-21.4%
Active # REO or Short	17	94.4%	141.7%	N/A	N/A	N/A
Pending # REO or Short	12	92.3%	100.0%	N/A	N/A	N/A
Sold # REO or Short	2	50.0%	200.0%	N/A	N/A	N/A

May-08	Dublin
	Value	% Historical Max	% Historical Min	% Historical Normal for May	% change from  April	% Higher or Lower than Historical Normal for May
Median	$     634,000	72.3%	165.8%	99.7%	-5.2%	-7.3%
$/sq-ft	$            331	82.4%	121.8%	94.0%	2.0%	3.3%
Active Listings	124	77.0%	177.1%	91.2%	-11.4%	-28.3%
Pending	56	100.0%	466.7%	121.7%	64.7%	23.2%
Sold	22	40.0%	244.4%	82.2%	37.5%	42.8%
DOM	42	42.6%	464.1%	167.4%	-19.7%	-18.7%
Active # REO or Short	30	100.0%	100.0%	N/A	N/A	N/A
Pending # REO or Short	22	100.0%	100.0%	N/A	N/A	N/A
Sold # REO or Short	8	100.0%	100.0%	N/A	N/A	N/A
May-08	Livermore
	Value	% Historical Max	% Historical Min	% Historical Normal for May	% change from  April	% Higher or Lower than Historical Normal for May
Median	$     485,000	68.3%	132.2%	91.1%	-3.0%	-3.4%
$/sq-ft	$            307	79.4%	100.0%	88.5%	-4.8%	-3.2%
Active Listings	386	85.4%	187.4%	101.2%	-0.3%	-18.3%
Pending	139	100.0%	695.0%	127.5%	69.5%	20.2%
Sold	57	37.0%	237.5%	63.1%	0.0%	0.1%
DOM	57	56.5%	518.3%	173.8%	9.6%	7.8%
Active # REO or Short	104	100.0%	100.0%	N/A	N/A	N/A
Pending # REO or Short	66	100.0%	100.0%	N/A	N/A	N/A
Sold # REO or Short	23	100.0%	100.0%	N/A	N/A	N/A
May-08	Pleasanton
	Value	% Historical Max	% Historical Min	% Historical Normal for May	% change from  April	% Higher or Lower than Historical Normal for May
Median	$     783,000	65.3%	158.5%	109.8%	-4.9%	-1.0%
$/sq-ft	$            414	91.6%	104.3%	96.5%	0.3%	-1.0%
Active Listings	248	100.0%	225.5%	116.8%	3.8%	-5.5%
Pending	86	100.0%	430.0%	109.6%	30.3%	7.6%
Sold	42	36.2%	300.0%	60.8%	44.8%	29.9%
DOM	46	49.3%	458.6%	173.9%	-11.8%	-12.5%
Active # REO or Short	12	100.0%	100.0%	N/A	N/A	N/A
Pending # REO or Short	13	100.0%	100.0%	N/A	N/A	N/A
Sold # REO or Short	1	100.0%	100.0%	N/A	N/A	N/A