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Lucille Evans, Real Estate Broker
350 Montgomery Street
San Ramon, CA 94583
Phone: 925-570-5181
Email: Info@SanRamonValley.com

Calif. R.E. Lic. #: 01263058

Lucille Evans on LinkedIn  Lucille Evans on Google+

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Welcome to the premier resource for all real estate information and services in the San Ramon Valley and surrounding area. I hope you enjoy your visit and explore everything my realty website has to offer, including San Ramon Valley real estate listings, information for homebuyers and sellers, and more about your professional San Ramon Valley Realtor.

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Real Estate News!!!

Latest Realty News from NAR

The Silent Generation: Downsizing Homes & Joining Senior-Related Housing

The Silent Generation, buyers aged 73 to 93 years, made up the smallest share of buyers by age at only seven percent of all home buyers in 2018. The median age for this group was 76 years old and they were born between 1925 and 1945. They tended to have the smallest families; 96 percent of these buyers had no children living at home under the age of 18 years and they made up the same share of single female buyers as Younger Boomers at 25 percent. Of the generations, buyers 73 to 93 years bought fewer multi-generational home at 13 percent. For those that purchased a multi-generational home, the reason was for the health and caretaking of aging relatives at 13 percent.

The Silent Generation had the smallest share of first-time home buyers at only four percent, which was expected for their age group. Correspondingly, they made up the largest share to move directly from a home that they owned at 82 percent. They also had the lowest median household income at $69,600, likely living off retirement funds. They managed their finances accordingly and bought homes with the second lowest median home price at $243,000. They also purchased some of the newest homes last year with a median year of 1996.

Buyers aged 73 to 93 years also bought new homes at 14 percent and wanted the amenities of new home construction communities (23 percent). These buyers were the most likely to purchase a duplex, apartment, or condominium at nine percent, or a townhouse at 10 percent. They were also the most likely to buy a home in senior-related housing at 29 percent. These buyers wanted a home convenient to friends and family (47 percent) and for the convenience to shopping (34 percent). They were the least likely to buy homes in an area for the quality of the school district, convenience to schools, or for the convenience to a job. They were also the least likely to compromise on the condition of the home (16 percent). The Silent Generation also bought frequently in a rural area at 23 percent.

The age group of buyers 73 to 93 years were the highest share among the generations to purchase for the desire to be closer to friends and family (27 percent) and for a smaller home (17 percent). They had an expected tenure in the home at a median of 10 years. They were the most likely to move due to a household member’s health and least likely to want a larger home.

Foreign Buyers Purchased $4.8 Billion in U.S. Commercial Real Estate in 2018

International clients are an important niche market for residential and commercial REALTORS® alike. In the latest 2019 Commercial Real Estate International Business Trends, NAR reported that foreign buyers purchased $4.8 billion of U.S. commercial real estate in 2018.[1] The median value for a buyer-side transaction was $600,000, while the median value for a seller-side transaction was $1 million. The dollar volume of foreign buyer purchases of U.S. commercial property declined in 2018 compared to the $6.7 billion in 2017 and $7.9 billion in 2016 as the economic expansion slowed in Asia (e.g., China, Japan), Canada, Europe (e.g. United Kingdom, Germany, France, Italy, and Spain), and Latin America.

Major Buyers of Commercial Property

Asia was the largest source of U.S. commercial property buyers, accounting for about a third (34 percent; 28 percent in 2017) followed by the Canada and Latin America (29 percent; 25 percent in 2017), Europe (20 percent; 29 percent in 2017), Middle East (10 percent; 12 percent in 2017), Oceania (2 percent; 1 percent in 2017), and from other countries that were not identified by respondents (3 percent; 6 percent in 2017).

The top foreign buyers of commercial property were China (21 percent), Canada (7 percent), Mexico (6 percent), Germany (5 percent), India (5 percent), Israel (5 percent), United Kingdom (5 percent), Venezuela (5 percent), Vietnam (5 percent), and Italy (4 percent).

Major Destinations of Buyers of Commercial Property

Florida was top choice among foreign buyers of U.S. commercial property (20 percent) followed by Illinois (13 percent), Texas (11 percent), and California (9 percent). Other top destinations were Georgia, New York, Virginia, Hawaii, Maryland, Massachusetts, Nevada, New Jersey, and Oklahoma.

Financing and Types of Property Purchased

About half of commercial foreign buyers, 52 percent, made an all-cash purchase (70 percent in 2017), and 25 percent obtained financing from a U.S. source.

International commercial buyers purchased across a variety of property types, but apartment was the most preferred, at apartment (19 percent), followed by retail (16 percent), land (12 percent), industrial (11 percent), office (9 percent), hotel (9 percent), and other types.

The bulk of foreign buyers of commercial property purchased the property as an investment to be rented out (39 percent in 2017), and 33 percent purchased the property for a business they participate in (34 percent in 2017). The Other category, which accounted for 22 percent (16 percent in 2017), includes a purchase of the property for residential and business-related uses.

Reasons Foreign Client Decided Not to Purchase U.S. Commercial Real Estate

One in five international clients decided not to purchase U.S. commercial properties in 2018 (17 percent in 2017). Understandably, the primary reason deterring a purchase is cost and exchange rate changes (36 percent of clients who decided not to purchase; 30 percent in 2017).Other major reasons are the buyer “could not find a property” (31 percent of clients who decided not to purchase), difficulty moving money out of the country (22 percent; 17 percent in 2017), tax-related issues (22 percent; 17 percent in 2017), immigration/visa (9 percent), and difficulty obtaining financing (9 percent).


[1] NAR also estimates foreign buyer purchases of U.S. residential property. According to the 2018 National Association of REALTORS® Profile of International Activity in U.S. Residential Real Estate, foreign buyers purchased $121 billion of residential property during April 2017—March 2018, or eight percent of the $1.6 trillion of total existing home sales during the same period.

 

Older Boomers: Most Satisfied Buyers Purchasing Forever Homes

Older Boomers, buyers aged 64 to 72 years, made up 14 percent of all home buyers in 2018 again this year. The median age for this group was 68 years old and they were born between 1946 and 1954. Within this group, they had the third largest share of single female buyers at 20 percent. Their primary reasons for purchasing a home were the desire to live closer to friends and family (22 percent), followed by retirement (19 percent).

Combined, Older Boomers owned the highest share of investment (10 percent) and vacation (seven percent) properties. Older Boomers were the most likely to purchase homes in a rural area (25 percent) and in a small town (14 percent).

Compared to other buyers, they moved the greatest distances at a median of 30 miles, same as the Silent Generation. Older Boomers were the less likely to purchase homes for the quality of school districts or convenience to schools. Rather, they purchased homes for the quality of the neighborhood and for convenience to friends and family. This age group found commuting costs the least important. Overall, Older Boomers were very likely not to make compromises on the home when they purchased (49 percent), citing that they were never moving and it was their forever home (33 percent).

In their home search process, Older Boomers were very likely to contact a real estate agent first and they were the least likely to find the paperwork a difficult step. Older Boomers were the most satisfied with the home buying process at 94 percent.

Older Boomers’ income was below the median income of all buyers ($91,600) at just $83,200 and they purchased homes at a median price of $250,000. Older Boomers were very likely to use the proceeds from the sale of a primary residence as the source of their downpayment (54 percent) and from an IRA account (five percent). They were the largest group of home buyers to have credit card debt at 67 percent.

Older Boomers were the second largest share of home sellers at 22 percent in 2018. The median age for an Older Boomer seller was 68 years. They had the second lowest median income at $81,700. They were the most likely to sell to be closer to friends and family (26 percent) and for retirement (16 percent), and at a median distance of 50 miles from the home they recently purchased. They were also very likely to sell when they wanted to (96 percent). They receive the second highest equity at 43 percent and second highest dollar value at $74,000.

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Testimonials Page

We want to take the time to let you know how much we appreciated the hard work that Lucille Evans did for us in the recent sale of our home in San Ramon. It was a hard decision for us to put the house on the market and move away from the area and the friends we knew for over 20 years. Lucille was very sensitive to our feelings but at the same time she was very professional in every situation that presented itself in the course of selling our home. She went the extra mile even to the point of doing some of the leg work that rightfully should have been done by the realtor working for the buyers of our property. We are very thankful to have had Lucille working on our behalf and helping us to do the things that needed to take place to make the sale go as smoothly as possible. We would not hesitate one second in calling on Lucille again for ourselves or recommending her to our friends who need the help of such a competent real estate agent, who would undoubtedly become their friend in the process. We are confident that Lucille Evans will continue to display a smile and her integrity will be evident as she continues to work hard for her clients as an agent with your organization. Ken and Linda Santoro
I have been an Escrow Coordinator for RE/MAX Accord and other Real Estate Companies for many years. Because of this, I have had the privilege of working with Lucille Evans. One of the reasons I enjoy working with Lucille is because she remains ethical and moral throughout the transaction. I have also seen Lucille close very challenging escrows that would have fallen out of escrow with other agents. Not only does Lucille close the challenging escrows, she closes them with all parties feeling that it was a win/win situation. Getting a property in escrow and closing it on time can be very challenging. However, Lucille continually closes her escrows despite challenges. Therefore, I highly recommend Lucille to anyone interested in selling their home. Judy Sylvester, Escrow Coordinator
Lucille Evans, Broker/Consultant – RE/MAX Accord, acted as our Realtor as we offered our home for sale. At all times Lucille worked for us and established a level of confidence that we have not experienced in other home sales. She took every opportunity to act in our interest and did so to our entire satisfaction. She worked tirelessly in our behalf. She held a series of open houses that brought many people to view our home. She advertised our property effectively. She attracted a qualified buyer and negotiated successfully on our behalf. She is a most effective Realtor and we wholeheartedly commend her to any who may read this reference. When, at essentially the last minute, we were faced with a totally unanticipated medical problem and were forced to withdraw she acted with compassion and professionalism of the first order. Her actions in our time of need clearly show her willingness and ability to work on behalf of her clients. Often in business one is left with the impression of a cold, profit motivated, salesperson. Nothing could be further from the case with Lucille Evans. At all times we knew we had a professional working on our behalf and caring for our needs. We recommend Lucille Evans, without any reservation what-so-ever, to whoever she may share this reference with. Gordon and Yvonne Kimber
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CRS - Certified Residential SpecialistGRI - Graduate, REALTOR® InstituteSRES - Seniors Real Estate Specialist

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