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2018-2019 Dana Estates Housing Market Report

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This year has been off to a great start, with lots of activity in and around Concord. Most notably, progress has been made with regards to the Naval Weapons Station. Master developer Lennar will be implementing a city park and youth recreation complex at the site, in addition to retail space and single-family residencies. You can read more about the Specific Plan from the Concord City website.

In the real estate market, the last 16 months have been active as well. Last year we saw 56 Dana Estates homes sold, with a median sale price of $615,000. Homes are selling over list price, with the average home selling at +0.77% over list price.

Smaller homes are selling just as well as larger homes. Two- and three-bedroom homes are selling at +0.90% over list price, compared to four-bedroom homes at +0.55%.

In the Dana Estates neighborhood, the 2018 median sale price for 2-3 BR homes was $589,950 and the median sale price for 4 BR homes was $650,000.

As shown by the chart below, December had the highest number of homes sold in Dana Estates, though the average sale price remained relatively consistent year-round.

Homes sold quickly in 2018, with the median days on market (DOM) at 14; that means most homes are in contract just two weeks from the day they are listed.

This year shows a more impressive number of homes sold, with 21 sold in the first four months. The median sale price is down on all homes, but properties continue to sell at nearly 1% over list price. The DOM is down to a median eight (8) days.

As you have seen, property in Dana Estates continues to be in demand, and it remains a seller’s market as there is more competition to buy houses than to sell.

Having a knowledgeable and experienced real estate broker on your side helps protect your interests and ensure 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 at peter@maclennaninvestments.com.

To reach Peter Maclennan please call 925.385.8798 or email at peter@maclennaninvestments.com.

Dana Estates Neighborhood Events 2019

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Dana Estates Neighborhood 2019 Events

The wonderful Dana Estates Neighborhood Alliance (DENA) has laid out a number of events for 2019.

Neighborhood Cleanup (Dumpster) Day – March

This is a favorite day in our house and limited to just Dana Estates residents. Use it for spring cleaning to clear out the junk in your yard/garage/house. Please observe the rules of the flyer distributed with the newsletter about what items are acceptable.

Check the DENA flyer for the exact date of this event or call Peter for details.

If you are able and want to show your appreciation to DENA for organizing the cleanup and arranging volunteers, DENA will be accepting donations for the dumpsters.

Neighborhood Meeting – March 25th

Dana Estates Neighborhood Meeting sign Edited

Come to the Neighborhood meeting at First Lutheran Church at 4000 Concord Blvd to hear an update from Concord Mayor Obringer and Council-member Laura Hoffmeister.

The meeting starts at 7:00pm on Monday March 25th.

model A Diablo A's club
Cars from the Diablo A’s Club

Dana Estates Night Out – June 19th

A family and crowd favorite, the Dana Estates Night Out features local non-profit organizations and public agencies, food from Dana Plaza, crafts and games for kids. Come out to meet your neighbors, learn about government services and non-profits working in our community, and grab a bite to eat.

Huge Neighborhood Garage Sale – August 10, 2019

Over 70 homes participated in the garage sale last year. Join in for one of the largest garage sale’s in the area.

This event is going to be in August. Start getting your items ready for a successful sale.

Neighborhood Cleanup (Dumpster) Day – August

Everything you weren’t able to sell can be gotten rid of. Stay tuned for more information about this event.

As always, if you have questions about buying real estate, your home’s value, renting a home, or investing in real estate please call Peter at 925.385.8798.

Save the Date – Neighborhood Garage Sale August 10, 2019

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Save the Date – Neighborhood Garage Sale August 10, 2019

Huge Neighborhood Garage Sale!

Were you part of the huge garage sale we had last year? Over 70 homes participated. Hopefully this year’s event surpasses that number.

This Annual garage sale is done in cooperation with the Dana Estates Neighborhood Alliance.

Save the Date! – August 10th.

The Garage Sale is Scheduled for August 10th, 2019.

Stay tuned for updates!

The Dana Estates neighborhood is located in the 94519 zip code. Well-priced 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.

Having a knowledgeable and experienced real estate broker on your side helps protect your interests and ensure 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 at peter@maclennaninvestments.com.

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Real Estate Headlines November 2, 2018

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SellingDanaEstates.com Must Read Real Estate News for November 2 2018

Here are a sampling of some real estate articles that might be of use for buyers and sellers of real estate. 

We are definitely seeing the market change. The market is more balanced between buyers and sellers.

Buyers are getting their offers accepted and even being able to negotiate with sellers. If you have been sitting on the sidelines as a buyer, now is a good time to get in the market.

Bay Area Home Buyers on the Sidelines?

More Bay Area home buyers sitting out as prices continue to rise

Why Does Housing Cost so much?

The San Francisco Business Times seeks to address why housing prices are so high in California.

California leads the nation in many categories from population to venture capital funding. Add lack of housing supply to the list.

The Golden State is under supplied by 3.4 million homes to meet its current housing needs, according to a report on housing underproduction from Up for Growth California, a nonprofit research and advocacy group. The national shortfall is 7.3 million homes, which means California makes up about half of that total.


Why housing costs so much in California and why it may only get worse

Read More… at SF Business Times.

Long Commutes Affect Quality of Life

https://www.nytimes.com/2018/10/31/well/family/the-particular-horror-of-long-commutes-for-young-families.html

The Particular Horror of Long Commutes for Young Families from NYTimes.com

More Supply in Bay Area Housing?

While I am not sure that supply is actually catching up to demand. There has been a lot of new construction around the Bay Area. 


After years of recording lagging supply, the Bay Area is possibly beginning to catch up. San Jose had the biggest increase in new listings of the 45 major US metropolitan areas included in a September 2018 realtor.com report. San Francisco also ranks among the five housing markets with the largest September supply gains, with 1,683 current listings.


Bay Area Housing Finally Posts Gains from GlobeSt.com

Read More … at GlobeSt.com

Having a knowledgeable and experienced real estate broker on your side helps protect your interests and ensure 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 at peter@maclennaninvestments.com.

homes for sale in concord ca
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DENA Neighborhood Meeting

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DENA Neighborhood Meeting

One of the best things about the Dana Estates Neighborhood is the Dana Estates Neighborhood Alliance or DENA. DENA helps to coordinate dumpster days, the garage sale, the DENA Night Out, a fall P-Za Party, and Neighborhood Meetings.

The neighborhood meetings are held twice a year, once in March and the other in October. 

DENA Neighborhood Meeting 10/15/18

The Fall Neighborhood Meeting is scheduled for October 15th at 7:00pm. It will be held at the First Lutheran Church at 4000 Concord Blvd, Concord. 

The meeting will have consist of two parts. DENA has arranged for the Concord City Council candidates for District 1 to share their perspectives. Following the candidate forum, Concord Code Enforcement will be on hand to provide an update on the neighborhood.

City Council District 1 Candidate Forum

Currently the candidates are (alphabetical by last name):

  • Dr. Judith Herman – is a newcomer to Concord politics. She has lived in Concord for 27 years.
  • Laura Hoffmeister – is a current City Council Member. She has been a Concord resident her entire life.
  • Ron Leone – is a current City Council Member. He has lived in Concord since 1978.

Come hear the candidates make an appeal for your vote prior to the first district elections in Concord.

Concord’s First District ElectionsDownload

Find your District through the City of Concord’s website: 
www.cityofconcord.org/elections

Concord Code Enforcement

The code enforcement division of Concord Police will be on hand to provide an update on the neighborhood. 

Dan Estates Neighborhood Meeting

  • October 15th
  • 7:00pm-8:30 pm
  • Location: First Lutheran Church – 4000 Concord Blvd.

Are We About to Enter a Buyers’ Market? | Dana Estates Real Estate

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Are We About to Enter a Buyers’ Market? 

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: Are We About to Enter a Buyers’ Market?

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

The market has definitely softened. However, according to two chief economists in the industry, we are a long way from a market that totally favors the purchaser:

Dr. Svenja Gudell, Zillow Chief Economist:

“These seller challenges don’t indicate we’re suddenly in a buyers’ market – we don’t expect market conditions to shift decidedly in favor of buyers until 2020 or later. But buyers certainly are starting to balk at the rapid rise in prices and home values are starting to grow at a less frenetic pace.”

Danielle Hale, Chief Economist of realtor.com:

“The signs are pointing to a market that’s shifting toward buyers. But, in most places, we’re still a long way from a full reversal.”

In addition, Pulsenomics Inc. recently surveyed over one hundred economists, real estate experts, and investment & market strategists and asked this question:

“When do you expect U.S. housing market conditions to shift decidedly in favor of homebuyers?”

Only 5% said the market has already shifted. Here are the rest of the survey results:

Are We About to Enter a Buyers’ Market? | MyKCM

Bottom Line

The market is beginning to normalize but that doesn’t mean we will quickly shift to a market favoring the buyer. We believe Ivy Zelman, author of the well-respected ‘Z’ Report, best explained the current confusion:

“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory…we expect significant debate about whether this is a bullish or bearish sign.

In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”

Source… KCM Peter Maclennan Blog

Having a knowledgeable and experienced real estate broker on your side helps protect your interests and ensure 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 at peter@maclennaninvestments.com.

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Concord CA Real Estate Map Search

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