Selling Dana Estates

Homes for Sale in the Dana Estates Neighborhood of Concord

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Dana Estates – Concord CA | Thinking of Selling? You Should Do It TODAY!!

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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 Thinking About Selling?.

Thinking of Selling? You Should Do It TODAY!! | Dana Estates Concord, CA

That headline might be a little aggressive; however, as August 2017’s housing market data begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME TODAY!

In a recent article by CBS News, they explained that the number of existing home sales is shrinking, and Lawrence Yun, Chief Economist for the National Association of Realtors, said:

“There should be 3 million homes on the market right now…Yet, there are only 1.9 million.”

And this situation will be affected greatly by recent natural disasters. Yun continued by saying:

“Before the hurricanes I would have predicted 1.35 million in new-home construction in 2018…I’ll have to scale that down now.”

NAR, in their August 2017 Realtors® Confidence Index, indicated that:

“Amid sustained job creation and sustained historically low mortgage rates, REALTORS® reported…that buyer demand is stronger compared to conditions one year ago… and that fifty percent of properties were on the market for less than one month when sold.”

The only challenge to today’s market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is only a 4.2-month supply of inventory, which is down from 4.5 months one year ago.

Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together and discuss the inventory levels in your neighborhood to determine your next steps.

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 listings in Concord by map (click the map below):

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Concord CA Real Estate Map Search

 

 

City Council to Discuss Concord Naval Weapons Station | Concord, CA

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The East Bay Times is reporting that the Concord, CA City Council is going to be reviewing proposals from Lennar regarding the Concord Naval Weapons Station.

 Since commuters from cities to the east cut through Concord to avoid congestion on Highway 4, council members must decide if they should design the major roadways in the Concord Naval Weapons Station to accommodate or discourage that traffic.

That is just one question facing the City Council as it considers developer Lennar-Five Point’s proposed land use plan for the former military base.

The council is scheduled to resume its discussion of the plan at 6:30 p.m. Oct. 17.

Updates for the Naval Weapons Station Project can be found at their website: http://www.concordreuseproject.org.

Lennar has their own site for the project which can be found at http://lennarconcord.com/

Concord Summer 2017 Activities & Events

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With summer getting into full swing, take advantage of the fun activities & events in and around downtown Concord!
Fourth of July at Todos Santos

Independence Day Celebration!

With Independence Day quickly approaching, don’t miss out on the downtown holiday festivities!

8AM: Concord Police Association Stars & Stripes 5k and Fun Run @ Todos Santos Plaza – Race day registration opens at 6:45AM or register online here.

10AM: Independence Day Parade @ Todos Santos Plaza

4PM: Holiday Entertainment & Kids Carnival @ Mt. Diablo High School

9PM: Fireworks @ Mount Diablo High School

See the Concord Fourth of July website with a map & schedule here.

Music & Market Series and Tuesday Night Blues

Come on out on Thursday evenings from 6:30-8PM at Todos Santos Plaza for Farmers’ Markets and free concerts featuring musicians from around the Bay Area.

Got the summer blues? Check out the Tuesday Night Blues on July 11, 18, and 25th from 6:30-8PM

See the schedule of performers here.

Cool Concord Cars

Enjoy a free car show at Todos Santos Plaza the same evening as the first Tuesday Night Blues! From 5:30-7:30PM, Concord car owners will be displaying their rides around the park.

Have a cool car and want to win a prize? Registration is free as well! Visit ci.concord.ca.us for more details.

Majority of Sellers Believe It’s a Seller’s Market

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According to recent research from Redfin, 58% of sellers believe it is a seller’s market. As well, the research determined top reasons for selling are a desire for a nicer or larger home (40%), relocating to a new city (24%), and wanting to pull out equity (21%).

Meanwhile the top concerns about selling are finding a new home they want (30%), falling prices (26%), and finding a new home they can afford (25%). For additional insights check out the graphic below.

sellers market infographic
58% of sellers believe it is a sellers market.

Dana Estates Market Report – June 2016

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With the passing of another wonderful Independence Day, we have an update on the housing market for our beautiful neighborhood in the month of June.

Currently Active Homes in Dana Estates
Number of Houses Active Average List Price Average Days On Market
2 $ 532,450 36

 

Pending Properties in Dana Estates
Number of Houses Pending Average List Price Average Days On Market
3 $ 544,650 20.3

 

Sold Properties in Dana Estates – June 2016
Number of                Houses Sold Avg. List Price Avg. Sale Price  Avg. Sale Price/   Avg. List Price Average Days On Market
5 $ 594,399.80 $ 591,800 99.56% 21.4

Houses went up in price last month compared to previous months, although they are not selling quite at listing price.

 

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This graph shows that home prices are much higher for the month of June than any other month this year (no sales were closed in January 2016).

Based on information from the Contra Costa Association of REALTORS® MLS as of 07/05/2016. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Dana Estates Market Report – May 2016

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Can you believe Summer is here already? Maybe you can, because it seems to come every year.

Just as the seasons run their courses, the housing market runs its own. Below you will find a Dana Estates market summary for the month of May.

Currently Active Homes in Dana Estates
Number of Houses Active Average List Price Average Days On Market
2 $ 512,475 25

There are still not very many homes on the market. A few more have come on in June, but there are still many options out there.

Pending Properties in Dana Estates
Number of Houses Pending Average List Price Average Days On Market
7 $ 535,978 34.1

The number of pending and sold homes indicates that homes that are priced right are selling. In fact we probably could have double the number of active homes to meet market demand.

Sold Properties in Dana Estates – May 2016
Number of                Houses Sold

Avg. List Price

 Avg. Sale Price  Avg. Sale Price/   Avg. List Price Average Days On Market
5 $ 501,400 $ 517,500 103.21%

13

Much to the delight of sellers, properties are selling (on average) over their list prices after a short 13 days on the market.

 

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The chart below shows the number of houses sold each month since June of 2015. As you can see, October was the hottest month, followed by June, December, and March in terms of house sales.

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If you would like to see your home listed in the “Sold” category, please give me a call at 925.385.8798.

Based on information from the Contra Costa Association of REALTORS® MLS as of 06/10/2016. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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