Explore the latest Concord real estate news here: Concord will invest millions to provide affordable housing. Bay Area home prices continue double digit gains and looking back to the recession, the real estate market here has regained all it lost and more. Under Concord’s new district election system, the city council is seeking input from residents on the proposed district maps. Looking ahead, a developer with big plans proposes building a professional soccer stadium along with retail, hotels, a convention center, and housing. All of this would be built on a three acre piece of property near the downtown Concord BART station.
With rents soaring, Concord to invest millions in affordable housing
CONCORD — Affordable housing is expensive to build, so the city plans to pitch in several million dollars to fund two projects.
Housing developers have until March 1 to submit proposals to the city for funds to build new affordable apartment complexes or to purchase and rehabilitate existing rental units.
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City leaders have said they want to use the funds to provide housing for seniors, veterans and teachers. Read More…
Bay Area home prices continue double-digit gains on historic streak
Tight housing supply pushed Bay Area home prices higher yet again in December, extending year-over-year, double-digit gains for the fifth straight month — and overall gains to an historic 69 straight months.
The median sales price for a single-family home in the nine-county region rose to $765,000 in December, up 13.8 percent from last year, according to real estate firm CoreLogic.
The latest data continues a Bay Area housing narrative now stretching toward six years — a rollicking market great for property owners but punishing to newcomers and middle-income families hoping to buy. Read More…
Developer pitches pro soccer stadium, hotel complex for Concord
CONCORD — A professional soccer stadium could be the anchor for a downtown development with hotels, shops and a convention center, but only if BART agrees to play ball.
Walnut Creek developer Mark Hall, whose business empire includes hotels, restaurants, residential and commercial projects, has expanded into the world of professional sports…
With the Oakland Raiders leaving for Las Vegas, the Golden State Warriors moving to San Francisco and uncertainty about where the Oakland A’s will build a new stadium, Hall said he believes there is “an opening and an opportunity here for a professional team, and soccer is definitely on the way up.” Read More…
Concord Seeking Input from Residents on Proposed District Maps
The Concord City Council is seeking input from residents.
Currently, five City Councilmembers are elected at-large, meaning that all registered voters in Concord have the opportunity to vote for all five council positions.
Under the new district-election system, City Councilmembers will be elected by district. One Councilmember, who lives in a district, will be elected by registered voters who also live in the same district. Read More…
SEATTLE, Jan. 25, 2018 /PRNewswire/ — The U.S. housing market has gained back all $9 trillion in value it lost when the market collapsed, but the uneven nature of the crisis and subsequent recovery has left many housing markets trailing behind, while others surge further ahead.
More than half of the nation’s largest housing markets have regained all of the value lost during the recession, with the typical U.S. home worth $55,200 more than it was at the bottom of the housing bust, according to a new Zillow® report. Read More…
Having a knowledgeable and experienced real estate broker on your side helps protect your interests and insure you make the best possible decisions. We are dedicated to keeping on top of the real estate market and keeping you informed of changes. You can rest easily knowing you made a well-informed decision based on experience and insight into the Concord California market.
To reach Peter Maclennan please call 925.385.8798 or email us at peter@maclennaninvestments.com.
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Peter is a real estate broker serving Central Contra Costa County. He and his family live in the Dana Estates Neighborhood.
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