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Homes for Sale in the Dana Estates Neighborhood of Concord

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Getting a Home Ready for Sale

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Getting a Home Ready for Sale

Are you considering getting a home ready for sale? The infographics below courtesy of the California Association of Realtors provide some great information on what to do and what not to do when getting a home prepped for sale.

Create Curb Appeal

According to the survey, homeowners are transitioning to low maintenance yards. Also, homeowners want to look distinct from their neighbor’s lawn.

Many homeowners and buyers are conscience about drought-tolerant plants and yards that use less water.

Bed Bedroom Designs

getting a home ready for sale - bad bedroom designs

Most of us spend one-third of our life in bed sleeping. It stands to reason that a bedroom is a key feature that home buyers will evaluate. The keys to an inviting bedroom include reducing clutter, removing bulky drapes, removing excess pillows, and avoiding bright paint choices.

The key to selling a home quickly and for top dollar is to make it attractive to a large amount of ready, willing, and able buyers that will bid against one another for the home. Removing hindrances is a key to that.

Selling a Concord Home

If you are looking to sell a home or buy a home around Concord, CA, I would be delighted to help you. As part of my marketing plan, I provide a free consultation with a professional stager to help clients get their home ready for sale.

Please feel free to call me for a no obligation consultation at 925.385.8798 or use the contact form to get in touch.

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Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope! | Concord Real Estate

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Feeling ‘Stuck in Place’? You Aren’t Alone… | Concord real estate

Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope! | Concord Real Estate

The Concord real estate market is still very active. Reasonable sellers are receiving offers quickly and buyer confidence remains strong. There are multiple price points and types of houses available in Concord, CA.

Particularly around the Dana Estates neighborhood 94519 zip code, homes are in demand. The neighborhood provides convenient access to Highway 4 and to downtown Concord. It is also about equal distance from both the Concord BART station and the North Concord BART station.

Purchasing a home is one of the largest financial decisions that a family can make. Because of the size of the transaction, there are many complicated decisions that surround the purchase of a home.

Today we are going to talk about: Feeling ‘Stuck in Place’?

Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place.

According to data from the National Association of Realtors’ Profile of Home Buyers & Sellers, the average amount of time that a family stays in their home remained at 10 years in 2017. This mark ties the highest marks set in 2014 and 2016. Back in 1985, when data was first collected on this subject, homeowners stayed in their homes for an average of only 5 years.

There are many reasons why homeowners have decided to stay and not to sell. A recent Wall Street Journal article had this to say,

“Americans aren’t moving in part because inventory levels have fallen near multidecade lows and home prices have risen to records. Many homeowners are choosing to stay and renovate, in turn making it more difficult for renters to enter the market.” 

Sam Khater, Deputy Chief Economist for CoreLogic, equated the lack of inventory to “not having enough oil in your car and your gears slowly [coming] to a grind.”

Historically, a normal market (in which prices increase at the rate of inflation) requires a 6-7 month supply of inventory. There hasn’t been that much supply since August of 2012! Over the course of the last 12 months, inventory has hovered between a 3.5 to 4.4-month supply, meaning that prices have increased and buyers are still out in force!

Challenges in the new-home construction market have “helped create a bottleneck in the market in which owners of starter homes aren’t trading up to newly built homes, which tend to be pricier, in turn creating a squeeze for millennial renters looking to get into the market.”

“Economists said baby boomers also aren’t in a hurry to trade in the dream homes they moved into in middle age for condominiums or senior living communities because many are staying healthy longer or want to remain near their children.”

So, what can you do if you feel stuck & want to move on?

Don’t give up! If you are looking to move-up to an existing luxury home, there are deals to be had in the higher-priced markets. Demand is strong in the starter and trade-up home markets which means that your house will sell quickly. Let’s work together to build in contingencies that allow you more time to find your dream home; the right buyer will wait.

Source… KCM Peter Maclennan Blog

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 us please call 925.385.8798 or email us at peter@maclennaninvestments.com.

Search for the newest real estate listings in Concord, CA by map (click the map below):

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Concord Real Estate News (November 16, 2017) | Dana Estates Real Estate

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Concord Real Estate News (November 16, 2017)

Concord Real Estate News (November 16, 2017)

Is there such a thing as Black Friday when it comes to real estate? Apparently not around here! Rather, the rising prices of the East Bay mirror the rest of the Bay Are as a whole. In Concord, a former councilman resigns from the Concord Naval Weapons Station Committee. Finally, for those looking for a house under half a million dollars, it’s still possible to buy one in the Bay Area. Here are some of the latest Concord real estate news headlines.

Is there a Black Friday for the Bay Area housing market? Take a guess.

Bay Area homebuyers beware. Among the nation’s 100 largest housing markets, San Francisco, San Jose and Oakland – in that order – are the least likely places to find a price cut on a home for sale.

That’s according to a new study by Trulia, which tried to figure out if a Black Friday phenomenon exists in the U.S. housing market. Read More…

Housing crisis: East Bay sales and price trends mirror the Bay Area as a whole

The supply of single-family homes is flat or shrinking in dozens of East Bay cities. But buyer demand keeps driving sales and prices up, a new report shows.

The numbers for October, compiled by the Bay East Association of Realtors, show how the region is mirroring trends that are playing out across the Bay Area. Read More…

In-depth: Where can you find houses for under $500,000 in the Bay Area?

CONTRA COSTA COUNTY (KRON) — We are all accustomed to hearing about homes costing $1 million or more.

But is it still possible to find properties for less than half-a-million dollars here in the Bay Area?

Believe it or not, you can still find a home that cost under $500,000 in the Bay Area. However, real estate experts say there are a few things you need to know. Read More…

Former councilman resigns from Concord Naval Weapons Station committee

CONCORD — Former councilman Dan Helix abruptly resigned last week from the committee advising the city on plans for the first phase of development of the Concord Naval Weapons Station. 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.

Search for the newest listings in Concord by map (click the map below):

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Image credit: Poster vector created by Starline – Freepik.com

Trouble on The Naval Weapons Station’s CAC?

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Proposed Phase 1 of Concord Naval Weapons Station Reuse

Trouble on The Naval Weapons Station’s CAC?

The East Bay Times is reporting that a former City Council Member and chairman of the Community Advisory Committee (CAC) resigned from the committee this week.

Former councilman Dan Helix abruptly resigned last week from the committee advising the city on plans for the first phase of development of the Concord Naval Weapons Station.

According to the article, Mr. Helix is concerned that the members of the CAC was not properly educated and informed by the staff as to the process and the zoning uses.

“I hope out of this that someone will say we need to slow down, we need to schedule more small group study sessions, we need to make sure everyone is understanding, then we can
forge ahead,” Helix said.

Local politics are never without their excitement.

It looks like the developer is still trying to push a road through Dana Estates at Beechwood Dr. (see page 58 of the plan as indicated by a black arrow). The designation says “Pedestrian & Other Possible Connections” (emphasis added). The Concord Reuse Project Website has agendas and other items available online.

Dana Estates Residents should reach out to the Concord City Council with your thoughts on the CNWS project.

City Council citycouncil@cityofconcord.org

 

 

Dana Estates Real Estate | Low Inventory Causes Home Prices to Maintain Fast Growth

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Low Inventory Causes Home Prices to Maintain Fast Growth | MyKCM

Dana Estates Real Estate | Low Inventory Causes Home Prices to Maintain Fast Growth

The real estate market in Concord, California is still very active. Reasonable sellers are receiving offers quickly and buyer confidence remains strong. There are multiple price points and types of houses available in Concord, CA.

Particularly around the Dana Estates neighborhood 94519 zip code, homes are in demand. The neighborhood provides convenient access to Highway 4 and to downtown Concord. It is also about equal distance from both the Concord BART station and the North Concord BART station.

Purchasing a home is one of the largest financial decisions that a family can make. Because of the size of the transaction, there are many complicated decisions that surround the purchase of a home.

Today we are going to talk about: Low Inventory and How That is Causing Prices to Maintain Fast Growth

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros.

Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report:

“Unfortunately, the pace of new listings were unable to replace what was quickly sold. Home shoppers had little to choose from, and many had to outbid others in order to close on a home. The end result was a slowdown in sales from earlier in the year, steadfast price growth and weakening affordability conditions.”

What this means to sellers

Rising prices are a homeowner’s best friend. As reported by the Washington Post in a recent article post:

“The rise in median sales prices has made current homeowners much more willing to sell their home, and that willingness is one of the main drivers behind the inventory that does make it on to the market. While it hasn’t been enough to meet demand, it has made the situation much better, compared with even three or four years ago.”

What this means to buyers

In a market where prices are rising, buyers should take into account the cost of waiting. Obviously, they will pay more for the same house later this year or next year. However, as Construction Dive reported, the amount of cash needed to purchase that home will also increase.

“These factors have created a situation where the market keeps moving the goalposts in terms of the down payment necessary for first-time homebuyers to get into a home.”

Bottom Line 

If you’re thinking of selling and moving down, waiting might make sense. If you are a first-time buyer or a seller thinking of moving up, waiting probably doesn’t make sense.

Source… KCM Peter Maclennan Blog

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 us please call 925.385.8798 or email us at peter@maclennaninvestments.com.

Search for the newest real estate listings in Concord, CA by map (click the map below):

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Concord CA Real Estate Map Search

Concord Real Estate News (November 10, 2017) | Dana Estates Real Estate

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Concord Real Estate News

According to officials, GOP tax proposal would gut affordable housing. When it come to affordable housing, $500,000 homes are becoming rarer while bay area rents continue to rise. Plus, Concord, CA is looking for additional applicants for the Rent Review Panel.

Bay area rents are still rising

“A new report dissecting rent trends across the Bay Area is filled with bad news for tenants. With a handful of exceptions, today’s rents are higher in most of the region’s cities than they were a year ago.”

Concord is Looking for Additional Applicants for the Rent Review Panel

CONCORD — The city seeks additional applicants for the landlord seat and to serve as the alternate tenant member on the panel that hears disputes over proposed rent increases.

GOP tax proposal would gut affordable housing, state officials say

“SACRAMENTO — Less than two months after California passed hard-fought bills to build more subsidized rental housing for the poor, affordable-housing advocates are reeling from a federal tax-reform proposal that could grind that momentum to a halt and wipe out an existing program that created roughly 20,000 such homes last year.”

$500,000 Bay Area homes are becoming an endangered species

The Bay Area’s housing affordability crisis is so widely acknowledged that it sometimes can seem like the new normal. But this graph – showing the declining share of single-family homes that sell for $500,000 or less – is a stark reminder of just how dire the situation has become…

Search for Dana Estates Real Estate

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 us please call 925.385.8798 or email us at peter@maclennaninvestments.com.

Search for the newest listings in Concord by map (click the map below):

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Concord CA Real Estate Map Search

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