Selling Dana Estates

Homes for Sale in the Dana Estates Neighborhood of Concord

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2024 Dana Estates Neighborhood Garage Sale

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Discover Treasures at Our Huge Neighborhood Garage Sale!

Image with items from a garage sale with the text Dana Estates Garage Sale August 10th, 2024. Logo for Peter Maclennan Real Estate Broker and Dana Estates Neighborhood Alliance.

Are you a treasure hunter, bargain seeker, or just love exploring garage sales? Then mark your calendars for an extraordinary Concord neighborhood event August 10, 2024!

With over 40 homes participating, this massive garage sale promises an incredible variety of items for every interest.

The Garage sale takes place throughout the Dana Estates Neighborhood of Concord. Which is dissected by Landana Drive and bordered by Willow Pass Road to the North and Concord Blvd to the South. It includes the streets of Sattler, Lynwood, Mulberry, Boxwood, Juniper, and more to name a few.

Image showing a rough map of the Dana Estates Neighborhood in Concord CA. Bounded by Willow Pass Rd on the Northwest Edge and Concord Blvd to the Southeast.
Roughly the map of Dana Estates in Concord, CA.

What’s for Sale:

Here’s a sneak peek at what you can find:

Sports & Outdoor Gear

Whether you’re an avid golfer or a weekend gardener, there’s something here for you:

  • Golf clubs, carts, bags, shoes, and men’s golf shoes (size 12)
  • Bikes and a brand new bike rack
  • Patio set perfect for summer gatherings
  • Essential gardening tools including an air compressor, lawn vac, electric hedge trimmer, blower, weed walker, and pole chain saw

MAPS WILL BE EMAILED THE NIGHT BEFORE

Get a Digital Map

Map please…

Electronics & Appliances

Upgrade your home with high-quality electronics and appliances at unbeatable prices:

  • 2 TVs in perfect working condition
  • Keurig coffee machine in great condition
  • Modern appliances like an air fryer, washer and dryer, and even a Sani-Serv ice cream machine
  • Unique finds such as an Electric Feather Pirogue boat

Furniture & Home Decor

Transform your living space with our selection of furniture and decor:

  • Stylish pieces including nightstands, a recliner, and a white curio (78” tall, 30” wide)
  • A charming round mirror with elephants (40” round) and a small table with drawers
  • A real bentwood rocking chair, corner TV wood cabinet, and a three-piece entertainment center unit
  • Bedroom sets featuring a daybed frame, nightstand, dresser, shelves, and a corner desk unit
  • Unique mid-century modern vintage contour lounge chair and an antique coffee roaster
  • Special items like an early American vintage cane seat ladder back chair ($165) and a rustic pine XL sideboard ($600)
  • Practical items like a tile kitchen table and chair set, and a firewood rack with firewood (free)

Collectibles & Decor

For collectors and enthusiasts, we have an array of special items:

  • Disney & Coke collectibles, RC cars, and trucks
  • Crafting supplies like a mat cutter, scrapbooking, and stamp supplies
  • Elegant Fostoria glassware and Lenox China (8-pc. place setting)
  • Mid-century modern (MCM) chairs, tables, and lamps
  • Unique antique items including dolls, stamps, and crystals

Clothing & Accessories

Refresh your wardrobe with a wide range of clothing and accessories:

  • Business attire for men and women, plus casual and formal wear
  • Kids’ clothes, including pants, shirts, and jeans, and adult clothes for men and women, including jackets, pants, jeans, and shirts
  • Men’s clothing (L-XL) and designer shoes (size 11)
  • Fashionable jewelry, bags, and shoes
  • Clothing for all ages with something for everyone

Household Items & Kitchenware

Stock up on everyday essentials and unique kitchen items:

  • Seasonal decorations including plants and Xmas decorations
  • Elegant 8-pc. place setting (gold) and various kitchen wares
  • Practical items like an electric saw and a white Levolor blind (2” slats, approx. 38” x 79”)
  • A collection of cookbooks, some with autographs

Books & Entertainment

Dive into our extensive selection of entertainment options:

  • Books, games, and toys for kids
  • Video games, DVDs, and vinyl records
  • Free books to expand your library

Miscellaneous Treasures

You never know what you might find among our miscellaneous items:

  • Sports cards, watches, and squish mallows
  • Hutch and table, leather chair, and pots for plants
  • Frames, fire safes, and a car rooftop carrier
  • Early Mustang parts, Tempo fitness system, and various tools

Special Items for Sale

  • Vehicles: 1981 Honda CB650 and a 2002 Chevy Silverado
  • Unique Finds: Dahon Ciao folding bike ($75) and an unused Coleman tent
  • Free Items: Tile kitchen table and chair set, firewood rack and firewood, and an adult tricycle

MAPS WILL BE EMAILED THE NIGHT BEFORE

Get a Digital Map

Map please…

This is more than just a garage sale—it’s a community event filled with unique items and great deals! Whether you’re shopping for practical household items, looking for collectibles, or just want to browse, there’s something for everyone. Don’t miss out on this amazing opportunity. See you there!

Dana Estates Real Estate Market Update Video

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Video Length 1:17

July Real Estate Market Update for Dana Estates

Did you know that Dana Estates’ real estate market is booming? In the last three months, homes in our neighborhood have been selling for 108% of their list price on average. That’s right – sellers are seeing an impressive 8% above their listing price!

But wait, there’s more. Our neighborhood has seen a wide range of list prices, from $650,000 to $828,000, with the average hovering around $739,000. And when it comes to sale prices, we’ve seen some jaw-dropping numbers. The highest sale price reached an incredible $890,000, with a sale to list price ratio of 110%. Even the lowest sale price came in at $725,000, which was 107% of its listing price.

So, what does all this mean? It means our market is thriving, and now is the perfect time to jump in. Whether you’re looking to buy or sell, Dana Estates is offering impressive sale prices, high sale to list price ratios, and competitive price per square foot rates.

Don’t miss out on this opportunity! If you’re thinking of buying or selling in Dana Estates, now is the time. Reach out to us for more information, real estate tips, or to schedule a viewing of a home on the market.

We’re here to help you make the most of this bustling market. Follow us for more updates and let’s seize this moment together. Happy house hunting!

Contact Peter

May 2023 Events in Concord California

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As we head into the month of May, Concord, California is abuzz with a variety of exciting events that you won’t want to miss! From outdoor festivals to live music performances, there is something for everyone to enjoy in this bustling city. Here are some of the top events happening in Concord this May:

  • Bay Area SpringFest 2023 is a free event celebrating spring with music, food, plants, art, kids’ activities, beer & wine in downtown Concord. This year will include a beer and wine garden.
  • Concord Farmers Market is a weekly farmers market that takes place every Saturday from 9am to 1pm at Todos Santos Plaza. There will be fresh produce, flowers, crafts, and more.
  • Geeks Who Drink Trivia is a weekly trivia night that takes place every Thursday at 6:30pm at Epidemic Ales. Teams of up to six people can compete for prizes.
  • Spring Tea in the Galindo Home is a traditional English tea service that takes place on Saturday, May 14th from 2pm to 4pm at the Galindo Home. Tickets are $25 per person.
  • Bike to Work Day – May 18th is the Bay Area’s annual Bike to Work Day. Enjoy meeting other cyclists and pick up free goodies at various Energizer Stations along your route.
  • Colors of Spring at Concord Historical Society is an exhibit that features artwork inspired by the beauty of spring. The exhibit runs from May 1st to May 31st at the Concord Historical Society.
  • Colors of Spring Art Show and Sales is an art show and sale that features the work of local artists. The show takes place on Saturday, May 14th from 10am to 4pm at the Concord Community Center.
  • Matchbox Twenty Concert is May 21st at the Concord Pavillion. For all of us who came of age in the late 90’s and early 2000’s a night of nostalgia is in store.
  • Bay Area KidFest is a three-day festival for families on Saturday, May 27th, Sunday, May 28th, and Memorial Day, May 29th at Todos Santos Plaza. There will be rides, games, food, music, and entertainment for kids of all ages.

These are just a few of the many events happening in Concord in May 2023. To see additional events you can go to www.VisitConcord.com/events.

Here for your Concord real estate needs!

Peter

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.

Be Prepared

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Emergency preparedness has never been more relevant than now. On September 1, the City of Concord will be hosting an Emergency Preparedness Fair at Todos Santos Plaza in Concord from 5pm to 8pm. Come along to be equipped with important skills such as using a fire extinguisher and shutting off your utilities and more!

While at the fair, enjoy the farmers’ market which begins at 4:00pm and music by local bands, The New Frantics and Garageland Rodeo from 6:30-8:00pm.

Homeowners Out-Earned Job Holders in 2021

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Home appreciation outpaced income in much of the US.

One of the sharpest and best reads around is from Jay Voorhees @ JVM Lending. Earlier this week he wrote this:

Owning A House Was More Profitable Than Having A Job Last Year

A few weeks ago, I blogged about the reluctance of sellers to list their properties in the face of so much uncertainty.

But – there is another reason sellers are hanging on to their homes according to various macro pundits.

And that reason is massive appreciation.

According to this Motley Fool column, homeowners made more from appreciation last year on average than the average U.S. worker made from his job.

https://www.jvmlending.com/blog/why-higher-rates-could-save-the-housing-market/

According to the Motley Fool post, the average home appreciated by $52,667 in 2021. Meanwhile the average salary in 2021 was $50,000.

Here in Concord, California the average price from December of 2020 to 2021 increased from $754,553 to $884,716 according to the Contra Costa Association of Realtors®. That increase of 17.3% amounts to a $130,000 growth in net worth. This is above the median household income of $92,706 from the U.S. Census Bureau.

This is one of the reasons that owning your own high quality real estate (like a home in Dana Estates) is one of the best investments you can make.

If you are curious about the value of your home, you can use this link to get your home value.

Peter Maclennan
Real Estate Broker | Maclennan Investment Group, Inc.
DRE #01801793
925-385-8798

There Won’t Be a Wave of Foreclosures in the Housing Market

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There Won’t Be a Wave of Foreclosures in the Housing Market | MyKCM

When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago.

Here’s a look at why that isn’t the case.

1. There Are Fewer Homeowners in Trouble This Time

After the last housing crash, over nine million households lost their homes to a foreclosure, short sale, or because they gave it back to the bank. Many believed millions of homeowners would face the same fate again this time.

However, today’s data shows that most homeowners exited their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way that allowed them to start making payments again. The latest data from the Mortgage Bankers Association (MBA) studies how people exited the forbearance program from June 2020 to November 2021.

Here are those findings:

38.6% left the program paid in full
  • 19.9% made their monthly payments during the forbearance period
  • 11.8% made up all past-due payments
  • 6.9% paid off the loan in full
44% negotiated work-out repayment plans
  • 29.1% received a loan deferral
  • 14.1% received a loan modification
  • 0.8% arranged a different repayment plan
0.6% sold as a short sale or did a deed-in-lieu
16.8% left the program still in trouble and without a loss mitigation plan in place

2. Those Left in the Program Can Still Negotiate a Repayment Plan

As of last Friday, the total number of mortgages still in forbearance stood at 890,000. Those who remain in forbearance still have the chance to work out a suitable plan with the servicing company that represents their lender. And the servicing companies are under pressure to do just that by both federal and state agencies.

Rick Sharga, Executive Vice President at RealtyTrac, says in a recent tweet:

“The [Consumer Financial Protection Bureau] and state [Attorneys General] look like they’re adopting a ‘zero tolerance’ approach to mortgage servicing enforcement. Likely that this will limit #foreclosure activity for a good part of 2022, while servicers explore all possible loss [mitigation] options.”

For more information, read the warning issued by the Attorney General of New York State.

3. Most Homeowners Have More Than Enough Equity To Sell Their Homes

For those who can’t negotiate a solution and the 16.8% who left the forbearance program without a work-out, many will have enough equity to sell their homes and leave the closing with cash instead of facing foreclosures.

Due to rapidly rising home prices over the last two years, the average homeowner has gained record amounts of equity in their home. As Frank Martell, President & CEO of CoreLogic, explains:

“Not only have equity gains helped homeowners more seamlessly transition out of forbearance and avoid a distressed sale, but they’ve also enabled many to continue building their wealth.”

4. There Have Been Far Fewer Foreclosures Over the Last Two Years

One of the seldom-reported benefits of the forbearance program was that it allowed households experiencing financial difficulties prior to the pandemic to enter the program. It gave those homeowners an extra two years to get their finances in order and work out a plan with their lender. That prevented over 400,000 foreclosures that normally would have come to the market had the new forbearance program not been available. Otherwise, the real estate market would have had to absorb those foreclosures. Here’s a graph depicting this data:

There Won’t Be a Wave of Foreclosures in the Housing Market | MyKCM

5. The Current Market Can Easily Absorb Over a Million New Listings

When foreclosures hit the market in 2008, they added to the oversupply of houses that were already for sale. That resulted in over a nine-month supply of listings, and anything over a six-month supply can cause prices to depreciate.

It’s exactly the opposite today. The latest Existing Home Sales Report from the National Association of Realtors (NAR) reveals:

“Total housing inventory at the end of November amounted to 1.11 million units, down 9.8% from October and down 13.3% from one year ago (1.28 million). Unsold inventory sits at a 2.1-month supply at the current sales pace, a decline from both the prior month and from one year ago.”

A balanced market would have approximately a six-month supply of inventory. At 2.1 months, the market is severely understocked. Even if one million homes enter the market, there still won’t be enough inventory to meet the current demand.

Bottom Line

The end of the forbearance plan will not cause any upheaval in the housing market. Sharga puts it best:

“The fact that foreclosure starts declined despite hundreds of thousands of borrowers exiting the CARES Act mortgage forbearance program over the last few months is very encouraging. It suggests that the ‘forbearance equals foreclosure’ narrative was incorrect. . . .”

Originally published by Peter Maclennan at MyKCM

Why Now Is a Great Time To Sell Your Dana Estates House

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Why Now Is a Great Time To Sell Your House | MyKCM

As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low inventory, and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles.

In fact, recent data from realtor.com shows a larger share of homeowners are planning to list their houses this winter. So, that means more homes are about to hit the market, which will lead to more choices for buyers too.

According to George Ratiu, Manager of Economic Research at realtor.com:

“The pandemic has delayed plans for many Americans, and homeowners looking to move on to the next stage of life are no exception. Recent survey data suggests the majority of prospective sellers are actively preparing to enter the market this winter.“

If you’re thinking of waiting until the spring to sell your house, know that your neighbors may be one step ahead of you by selling this winter. If you want to stand out from the crowd, this holiday season is the best time to make sure your house is available for buyers. Here’s why.

Sellers Are Still Firmly in the Driver’s Seat

Why Now Is a Great Time To Sell Your House | MyKCM

Historically, a 6-month supply of homes for sale is needed for a normal or neutral market. That level ensures there are enough homes available for active buyers (see graph below):The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows the inventory of houses for sale sits at a 2.4-month supply. This is well below a neutral market.

What Does That Mean for You?

When the supply of homes for sale is as low as it is today, it’s much harder for buyers to find homes to purchase. This drives up competition among buyers, who then submit increasingly competitive offers to win out against others in the home search process. As this happens, prices rise and your leverage as a seller rises too, putting you in the best position to negotiate a contract that meets your ideal terms.

And while the low housing supply we’re facing won’t be solved overnight, sellers this season should move quickly to maximize their potential. As the data shows, with more prospective sellers planning to list their homes this winter, selling sooner rather than later helps your house rise to the top of a holiday buyer’s wish list so you can close the best possible deal.

Bottom Line

Listing your home over the next few weeks gives you the best chance to be in front of buyers competing for homes this holiday season. Let’s connect today to discuss how you can benefit from today’s sellers’ market.

Source… KCM Peter Maclennan Blog

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

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Will Zillow’s iBuyer Closure Result in a Wave of Bay Area Home Sales?

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Zillow’s iBuyer Program Closes

Zillow Group had a division that would make computer generated offers on a homeowner’s home, with the goal of reselling that home at a profit a little later. On November 2, 2021 Zillow announced the permanent closure of their iBuyer program.

As a result of errors in their algorithmic buying of homes, Zillow is planning to take a loss on the 7,000 homes it now owns.

Zillow said Tuesday in its latest quarterly earnings report that it will write down real estate worth $304 million after buying homes that are now worth less than the company’s current estimates of their future sales prices. The company also expects to recognize an additional $240 million to $265 million in losses on homes it expects to finish purchasing in the fourth quarter.

https://www.cbsnews.com/news/zillow-layoffs-closing-zillow-offers-selling-homes/

iBuyers in the Bay Area?

I had a client ask me a really great question regarding the closure of Zillow Offers their iBuyer program.

My client’s question was, “With Zillow stopping their iBuyer program, are there going to be a lot of properties that come on the market from Zillow?” She had seen an article that said Zillow was going to actually sell them for loss.

It’s a great question. And I told her, I don’t think Zillow will be selling many homes here in the Bay Area Market.
I don’t think Zillow was actually very active in our market. And I found a report from September of 2021. In the report on the major Metro areas where iBuyers, in the United States bought at least 30 properties.

The major iBuyers had a lot of the activity Atlanta, Phoenix, Dallas area. Reading through the list of major metros with significant iBuyer activity, you will notice very few California markets: Riverside, CA , the Los Angeles/Long Beach area, Sacramento, California, & San Diego, California.

But as I mentioned before, the Bay Area is not on this list of major markets where iBuyers purchased more than 30 homes in the second quarter according to these numbers by Zillow.

And also, if you look on the website ibuyer.com, you can see here which market this is, a past grab of something where they’re active. Again, if you go through this, a lot of them are in the Midwest and Sunbelt States. Not a lot here. Los Angeles a little bit. I think they have Riverside, California, Sacramento, and San Diego. But again, the Bay Area is left off this list.

Why were Bay Area homes avoided by iBuyers?

I have a theory with two reasons that iBuyers avoided the Bay Area housing market.

First, the Bay Area entry level home prices are so high compared with other parts of the country.

Second, due to the political challenges of building new homes, the Bay Area has a lot of older homes built after World War II. Many of the homes have been remodeled, expanded, and renovated. While they were often based upon the same models, over the years much of the housing stock has been modified and is unique.

Areas like Arizona, Atlanta, Nevada, & Texas have less restrictive development practices and have experienced large tract home developments in recent years. For computer algorithms to accurately predict the value of a home, the algorithm must compare similar home plans. A computer predicting an accurate value is easier done in newer tract homes where the models are newer and have undergone fewer modifications.

However, it appears that Zillow is having to exit the market because their algorithm didn’t accurately predict housing values.

Don’t Expect a Wave of Cheap Houses

So I would not expect to see a number of homes from Zillow come on the market. So don’t expect to see a bunch of good deals hitting the market because Zillow is shutting down their iBuyer program.

The bottom line is, a full-time licensed real estate agent is going to provide you a more accurate value of your home and a plan to market your property.

If you would like a Professional Equity Assessment Report of your Bay Area Real Estate and how you can utilize the equity, please call Peter Maclennan, Bay Area Real Estate Broker. DRE #01801793

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

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Numbers Don’t Lie – It’s Still a Great Time To Sell [INFOGRAPHIC]

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infographic with nationwide real estate statistics for september 2021
Infographic

Nationwide Highlights

  • Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says.
  • Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average home is selling fast and receiving several offers. Listing now puts your house in the spotlight, meaning it could sell quickly – and for more than you’d expect.
  • Feeling motivated? If you’re ready to sell and capitalize on today’s market, let’s connect.

Diablo Valley Real Estate Update

Concord CA Real Estate Market Highlights

In September 2021*:

  • Average Days on Market increased to 15 days.
  • The Median Sales Price for single-family detached homes is $853,896 up 10.4% from September 2020. This is despite having a 12.7% increase in new listings year to date.
  • Houses are still selling above asking price (103%).
  • The market is still very active. Let’s discuss if you have questions about the market.

*Source: CCARToday.com

Dana Estates Your Home Equity is Growing!

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Your Home Equity Is Growing [INFOGRAPHIC]

CA Homeowners have seen the value of their home increase dramatically. The nationwide average is $51,500 in equity GROWTH!

Your Home Equity Is Growing [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you’re a California homeowner, today’s rising equity is great news. On average, CA homeowners have gained $116,000 in equity since this time last year.
  • Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to power your dreams.
  • Ready to sell? Let’s connect to talk about how you can take advantage of your rising equity to reach your goals.

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