Selling Dana Estates

Homes for Sale in the Dana Estates Neighborhood of Concord

You are here: Home / Blog

Dana Estates Market Report – June 2015

by 1 Comment

Beechwood Dr., Concord, CA - Dana Estates
Beechwood Dr., Concord in Dana Estates

Here we are in August already, and with it, we have a Dana Estates market update for the month of June.

See below for last month’s Dana Estates market report.

Currently Active Properties
Number of Houses Active Average List Price Average Days On Market
7 $ 558,377.00 41

 

Pending Properties
Number of Houses Pending Average List Price Average Days On Market
9 $ 492,206.00 25

 

Sold Properties
Number of  Houses Sold Average List Price Average Sale Price Avg. Sale Price/ Avg. List Price Average Days On Market
5 $ 486,567.60 $ 501,400.00 103.05% 12

Similarly to the month of May, several houses were sold last month, well above their list prices. The demand for houses is high in this area and as you can see, home-sellers are receiving well over asking price for their home.

As you also see, the sale period for homes in this neighborhood is short (now under two weeks!), so do not hesitate to give us a call if you are considering buying or selling your home!

Based on information from the Contra Costa Association of REALTORS® MLS as of 8/5/2015. 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 2015

by Leave a Comment

Here is the May 2015 Market Summary for the Dana Estates Neighborhood. We’d like to keep residents and potential buyers/sellers in the loop with the recent real estate market.

See below for a market report of Dana Estates in May 2015.

Currently Active Properties*
Number of Houses Active Average List Price Average Days On Market
7 $ 499,679 23
Pending Properties*
Number of Houses Pending Average List Price Average Days On Market
2 $ 512,450 11
Sold Properties
Number of                Houses Sold Average List Price Average Sale Price  Avg. Sale Price/ Avg. List Price Average Days On Market
2 $ 564,444 $ 577,500 102.31% 17.5

As you can see, a number of houses in this area have been purchased or are currently being considered for purchase by investors and home buyers. Of those properties that have closed their sales this month, the sale price has been considerably higher than the list price, which shows a high demand for property in this area.

In addition, the average time that these houses are on the market is short–just over two weeks–so if you are considering buying or selling your home, contact The Maclennan Team as soon as possible so that you can take the next steps in buying your house before it’s too late!

*As of 6/29/2015

Are Bay Area Rents Headed Up?

by Leave a Comment

Being a tenant can be great. Each month you pay rent, but don’t have to take care of the little things around a property. Your toilet leaks, call the landlord. The sprinklers aren’t working, call the landlord. The hot water heater quits, call the landlord. You get the idea.

The downside of being a tenant comes when your lease expires and your landlord determines market rent. Are they going to raise the rent? If so, how much? Where will we move?

Historical Rents

Rents have historically risen over time. Look at this chart tracking rents from 1986.

Chart indicating rent growth
Median Asking Rent Growth from 1986

Where Are Bay Area Rents Headed?

Which way are San Francisco Bay Area Rents Headed? All indications are that rents will continue to rise in the Bay Area.

Bloomberg.com recently reported that one of the largest single-family landlord is planning on raising rents across the nation. The article indicates that these publicly traded REITs are planning to raise rates 4% on renewals and as much as 5.7% for new tenants.

According to an Associated Press report, rents in San Francisco have jumped almost 15% in the past year. Some rents in downtown Walnut Creek are rising by as much as 35% for longer-term tenants that haven’t seen a renewal in a while.

Equivalent Mortgage

What can the equivalent of $2,000 per month in rent get you? For high quality borrowers with a 20% down payment, the principal and interest on a loan of $417,000 is approximately $1,960 at 3.875% (excludes taxes and insurance costs).

Are you tired of paying rent and ready to start building equity? Call me at 925.385.8798 to discuss getting your own home.

Social