Selling Dana Estates

Homes for Sale in the Dana Estates Neighborhood of Concord

  • Home
  • About Dana Estates
    • Concord Naval Weapons Station
    • About Concord, CA
    • Dana Estates Garage Sale
  • Sellers
    • Free Home Value
    • Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!
    • Seller Articles
  • Buyers
    • Homes for Sale in Dana Estates
    • About the Dana Estates Neighborhood
    • Search for Homes
    • Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!
    • Recommended Lenders
  • About Peter
    • Listings
  • Blog
You are here: Home / Archives for Concord Real Estate

Concord Real Estate News (January 23, 2018)

January 25, 2018 by Peter Maclennan Leave a Comment

concord real estate news

Explore the latest real estate and local news headlines: Why San Francisco is the nation’s most competitive housing market. Tech execs back California bill that aims to build more housing near transit locations. Here in Contra Costa County, there is a debate over whether home owners are responsible for storm drain repairs under private property or not. Now for things that affect more of the Bay Area: A proposed $3 toll hike moves to the ballot box. Finally, for those who ride BART, their first new train is here at last.

This is what makes S.F. the nation’s most competitive housing market

In possibly a bit of unwelcome news for prospective homebuyers, San Francisco comes up on top in a LendingTree ranking of the most competitive housing markets in the country.

The online lending exchange identified the financial elements that make buying a home difficult and used its database of 1.5 million mortgage loan requests to rank cities based on three factors: the share of buyers shopping for a mortgage before choosing a home, average down payment percentage and percentage of buyers who have prime credit.  Read More…

CoCo County: Homeowners Responsible for Storm Drain Repairs Under Private Property

KPIX ConsumerWatch reporter Julie Watts explains there is a storm brewing over who is responsible for paying to fix and replace aging storm drain pipes buried under Bay Area neighborhoods.

Click ‘play’ on the video above to watch the report and Click Here to see the original post on Claycord.com

Now in voters’ hands: Proposed $3 toll hike moves to the ballot box

SAN FRANCISCO — Bay Area voters now will decide which is worse — unrelenting traffic or paying up to $9 to cross a bridge.

The Bay Area Toll Authority on Wednesday voted unanimously to place a $3 toll hike on the June 5 ballot in all nine counties. If approved, the $4.45 billion measure is expected to be at least a partial answer to the traffic woes plaguing commuters. Read More…

It’s here! First train in BART’s new fleet makes inaugural run

OAKLAND — Brighter, cleaner, quieter: Those were just a few words BART riders used to describe the first train in the agency’s new fleet, which made its inaugural ride Friday…

The milestone was significant for the transit agency, which struggled with delays as it sought to iron out all the kinks with the new cars. BART is replacing all 669 of its train cars with 775 new ones, a $2.6 billion effort to update the aging and sometimes unreliable fleet, add capacity by running longer trains and improve passengers’ experience. Read More…

Tech execs back California bill that aims to build more housing near transit

Bigger, taller apartment buildings surrounding your neighborhood BART station? More than 100 California tech leaders are enthusiastically saying yes, please. 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 homes for sale in Concord by map (click the map below):

homes for sale in concord ca
Concord CA Real Estate Map Search

 

Filed Under: Dana Estates News, Real Estate Market Tagged With: Concord Real Estate, Real Estate News

What Impact Will the New Tax Code Have on Home Values?

January 23, 2018 by Peter Maclennan Leave a Comment

What Impact Will the New Tax Code Have on Home Values? | Concord Homes For Sale

As the largest city in Contra Costa County, there are many Concord homes for sale, particularly in the zip code 94519. Concord offers accessibility and a measure of affordability when compared to its pricier neighbors of Pleasant Hill, Walnut Creek, and Clayton.

Neighborhoods within the 94519 zip code include:

  • Dana Estates
  • Monte Gardens
  • Holbrook Heights
  • Wren Avenue
  • El Monte
  • San Vincente

These Concord neighborhoods offer proximity to Todos Santos Plaza and the downtown Concord BART station. As well, they provide access via Willow Pass Rd. to Highway 4.

Today I would like to talk about: What Impact Will the New Tax Code Have on Home Values?

Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months.Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report.

What Impact Will the New Tax Code Have on Home Values? | MyKCM

As we can see, CoreLogic projects an increase in home values in 49 of 50 states, and Washington, DC (there was insufficient data for HI). Nationwide, they see home prices increasing by 4.2%.

How might the new tax code impact these numbers?

Recently, the National Association of Realtors (NAR) conducted their own analysis to determine the impact the new tax code may have on home values. NAR’s analysis:

“…estimated how home prices will change in the upcoming year for each state, considering the impact of the new tax law and the momentum of jobs and housing inventory.”

Here is a map based on NAR’s analysis:

What Impact Will the New Tax Code Have on Home Values? | MyKCM

Bottom Line

According to NAR, the new tax code will have an impact on home values across the country. However, the effect will be much less significant than what some originally thought.

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 homes for sale in Concord, CA by map (click the map below):

concord california real estate search by map
Concord CA Real Estate Map Search

Filed Under: Buyers, Real Estate Market, Sellers Tagged With: Concord Real Estate, Homes For Sale Concord, Sellers

Concord Real Estate News (January 18, 2018)

January 18, 2018 by Peter Maclennan Leave a Comment

concord real estate news 2018.01.18Read some of the latest local real estate news headlines: Unfortunately, if you want to buy a house in the bay area, you’ll most likely have to over-ask when bidding for it. Other news: for many reasons, one of the latest housing trends is to build “Granny Flats” or small in-law units on your property. Speaking of more density, read about a new proposal that would raise height limits for housing near major transit stops. Finally, check out rent control in California. A proposal to lift restrictions was blocked but would it have been a good idea to lift it anyway?

New Bay Area housing trend: Living in the backyard

The walls weren’t even up yet on the granny flat Limei Huang is building in her San Jose backyard when people started lining up to rent the space.

The first offer came from the worker who laid the unit’s foundation. After his day’s work, he called Huang up and asked: When it’s finished, can I move in? Not long after, Huang brought in a painter. While he was giving her an estimate, he asked the same question. She had to tell him to get in line. Read More…

Bay Area housing: Over-asking bids are the new normal

Back in September, a modest ranch house sold in Sunnyvale for $782,000 over its asking price, signaling that the Bay Area housing market was even crazier than it seemed.

That sale was extreme: The buyer paid $2,470,000 for a four-bedroom, two-bath house — less than 2,000 square feet — that had listed for $1,688,000. But the deal turns out to have been an over-the-top version of what has become the new normal in the Bay Area, where home buyers are more likely to pay over-asking prices than anywhere else in the nation, according to a report from Zillow.

The analysis shows that 68.5 percent of the homes sold last year in the San Jose metropolitan area went for over the asking price. The median amount paid over list price was $62,000, which translates as 6.8 percent above list. Those were the highest numbers in the country.

The San Francisco metropolitan area, which includes the East Bay, was close behind in second place: 64.5 percent of deals were for over asking and the median amount paid above the list price was $41,000, or 6.0 percent over list. Read More…

Rent control in California: Proposal to lift restrictions blocked in committee

SACRAMENTO — A closely watched attempt to repeal a California law restricting rent control died at a packed committee hearing Thursday, but proponents vow to keep fighting — and, if they get nowhere in the Capitol, to take the issue straight to voters…

The raucous hearing attended by landlords and tenants underscored the deepening tension in the state as the housing crisis shuts out many from buying a home and forces residents to pay rising rents that outpace their incomes. Read More…

Our view: Can ‘density’ stop being a dirty word in the Bay Area?

Scott Wiener is the state senator for San Francisco. He is also quickly carving out a reputation as the state senator for housing.

Still in his first term, Wiener was the primary author and driving force behind last year’s most influential piece of housing legislation. SB35 effectively takes away from Bay Area cities and counties many of the bureaucratic tools they have long used to delay, deny or downsize zoning-compliant housing projects. Municipalities can regain those powers if and when they start meeting state-mandated housing targets.

Now Wiener’s back, teaming with fellow Bay Area legislators Phil Ting and Nancy Skinner on an even more dramatic proposal. SB827 would remove arbitrary local density restrictions and raise height limits for any project within a quarter mile of a “major transit stop” or a half-mile of a “high-quality transit corridor.” (Both are terms of art, not generic descriptions, with detailed definitions in state code far too complicated to get into here.) The bottom line is that large swathes of the tightly-packed Bay Area will be covered. 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 homes for sale in Concord by map (click the map below):

homes for sale in concord ca
Concord CA Real Estate Map Search

 

Filed Under: Real Estate Market Tagged With: Concord Real Estate, Dana Estates Real Estate, Real Estate News

Concord Real Estate News (January 11, 2018)

January 11, 2018 by Peter Maclennan Leave a Comment

Review the latest real estate and local news headlines: Concord will move to district council elections. Affordable apartments in Walnut Creek and Russians at center of bribery trial! Also for renters, the new normal: lower expectations and shrinking apartments. Economists say both 2018 rents and house prices will continue to grow with no end in sight. Plus, Millenial homebuyer credit scores are apparently decreasing.

Bowing to pressure, Concord will move to district council elections

CONCORD — In a move that may empower the city’s Latino voters, Concord will transition from at-large City Council elections to selecting representatives by district.

Although several of his colleagues expressed concern that districts may lead to “provincial” leaders who advocate for their areas instead of the entire city, Mayor Edi Birsan said the onus will be on voters to choose wisely.

“You are going to have to pick leaders who are sophisticated enough to represent your interests, not only in the district, but wherever else the city is,” said Birsan, a longtime proponent of district elections.

Concord joins Martinez among Contra Costa County cities scrapping at-large elections to avoid a potentially costly lawsuit. Read More…

Affordable apartments in Walnut Creek and Russians at center of bribery trial

MARTINEZ — The trial started Monday for a man accused of bribery involving low-income apartments in a lavish transit village in Walnut Creek, but the defense alleged its client and numerous others were discriminated against because they are Russian nationals.

It is an outlandish case, which authorities say might not have been solved if not for the defendant’s love of quirky, old-fashioned automobiles that led to numerous parking complaints, the property manager being transferred to another building, and the new property manager using Nancy Drew-like instincts to uncover what was going on.

The defendant, Walnut Creek resident Aziz Artykov, 50, is accused of facilitating tens of thousands of dollars in bribes to the former property manager of Avalon Walnut Creek Apartments, Matthew McVicker, who would in turn move Artykov’s friends to the top of a wait list for Avalon’s low-income housing program, which offered nice units for way below the market rate, to people who made less than half the median income. Read More…

For renters, the new normal: lower expectations and shrinking apartments

Gabriel Rodarte grew up in San Jose and has worked there for 30 years as a mailman for the U.S. Postal Service. Making his rounds, he says, “I see it all. I see three families living inside one small apartment, or total strangers who share a room. None of them stay very long; they can’t afford it”… A generation of tenants now sees itself as rent-poor, with every last dime doled out for gas, groceries and the landlord. Renters struggle throughout the Bay Area.  In San Jose, the median monthly rent for a two-bedroom apartment is now $2,550, far above the national average of $1,560.  A similar two-bedroom flat can cost even more elsewhere: $3,080 in Walnut Creek and $4,910 in Cupertino, according to a recent report.

As the Bay Area’s economy booms, and as the tech sector continues to expand, this is the new normal for those on the margins: shrinking expectations and shrinking apartments. Nearly 40 percent of working adults in the Bay Area are now “doubled up” with roommates in order to afford rent, according to a study from Zillow. Read More…

2018 house prices and rents will keep growing with no end in sight, economists say

Will 2018 be the seventh year home prices go up? Or the year the market stalls? Will this be the year that tenants get the upper hand over landlords? Or will rent hikes just keep coming?

In other words, will the seller’s market of the past 69 months continue in 2018?

We interviewed 10 economists and reviewed nine forecasts to find an answer to that question. It can be summed up in one word.

Yes. Read More…

Ellie Mae: Millennial homebuyer credit scores decreasing

The latest Ellie Mae Millennial Tracker report shows a slight decline in the average credit scores of closed loans to Millennials from the previous year.

The report, which covers November 2017, shows that the trend was most noticeable for FHA and VA loans.

According to Ellie Mae, in November 2016, the average FICO score on a closed FHA refinance loan to a Millennial borrower was 678, but that dropped to 669 in November 2017. On VA loans, the average FICO scores on closed VA refinance loans dropped from 725 in 2016 to 710 in 2017.

“With the average credit score dipping, lenders are extending credit to borrowers who may have had no previous access to the housing market,” said Joe Tyrrell, executive vice president of corporate strategy at Ellie Mae. “While these scores are still significantly above the levels seen a few years ago, it is encouraging to see increased accessibility, especially as the millennial population continues to pursue home ownership.” 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 homes for sale in Concord by map (click the map below):

homes for sale in concord ca
Concord CA Real Estate Map Search

 

Filed Under: Dana Estates News, Real Estate Market Tagged With: Concord Real Estate, Real Estate News

Time on the Market Drops to New Low in 2017 | Dana Estates Real Estate

January 4, 2018 by Peter Maclennan Leave a Comment

Time on the Market Drops to New low in 2017 | Dana Estates 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 Low Time on the Market and how you can take advantage of this.

According to recently released data from the National Association of Realtors (NAR), the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017.

Strong buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfect storm to accelerate the time between listing and signing a contract. The time needed to sell a home has dropped substantially since its highest mark of 11 weeks in 2012.

The chart below shows the median weeks on the market from 1987 to today.

Bottom Line

If you are a homeowner who is debating whether or not to list your home for sale, know that national market conditions are primed for a quick turnaround! Let’s get together to discuss exactly what’s going on in our area, today!

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 homes for sale in Concord, CA by map (click the map below):

concord california real estate search by map
Concord CA Real Estate Map Search

Filed Under: Real Estate Market, Sellers Tagged With: Concord Real Estate, Dana Estates Real Estate, Homes For Sale Concord, Sellers

Concord Real Estate News (January 4, 2018)

January 4, 2018 by Peter Maclennan Leave a Comment

Here are some of the latest real estate and local news headlines: Taxes and other major bills are to be considered in 2018. A landlord loses a lawsuit trying to crack down on tenants using Airbnb to make some extra cash without their landlord’s permission. A proposed $3 toll hike moves closer to a June ballot. Finally, though they aren’t here yet, BART will replace its train cars with newer, more efficient one’s which will increase capacity.

Rent control, property taxes and taller apartment buildings: California considers major housing bills in 2018

SACRAMENTO — The state’s housing crisis is back on the agenda as California lawmakers return to work after a months-long recess.

Proposals floated on the first week of the year would bring major changes to laws governing property taxes, rent control, and local zoning rules. Senate Democrats are also proposing a work-around for the recent GOP tax overhaul, which set a $10,000 cap on state and local tax deductions… This year’s debates come as the crushing cost of housing makes living in California ever less affordable. Read More…

Proposed $3 toll hike moves closer to June ballot

SAN FRANCISCO — Transportation officials are expected to vote next week to place a proposed $3 toll hike on the June ballot in all nine Bay Area counties.

If approved by voters, the tolls would go up on all Bay Area bridges, with the exception of the Golden Gate, beginning on Jan. 1, 2019 with a $1 increase. That would be followed by subsequent $1 increases in 2022 and 2025, when the tolls would reach $8 on all bridges except the Bay Bridge, where it would increase to $9 during peak commute times. Read More…

Airbnb wins: Court tosses lawsuit brought by major landlord

In a win for some renters who rely on Airbnb to make extra cash, a federal judge has tossed a lawsuit that sought to crack down on hosts using the short-term rental site without their landlords’ permission. Read More…

No new BART cars before the New Year, but agency says ‘soon’

HAYWARD — BART riders hoping for relief from trains packed beyond capacity will have to wait until after the New Year, officials said Thursday.

The agency is in the process of replacing its 669 train cars with 775 new ones, a $2.6 billion effort to upgrade an aging fleet, add capacity throughout the system and improve passengers’ experience with quieter, more reliable cars. 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 homes for sale in Concord by map (click the map below):

homes for sale in concord ca
Concord CA Real Estate Map Search

 

Filed Under: Dana Estates News Tagged With: Concord Real Estate, Homes For Sale Concord

Dana Estates Real Estate | Home Prices Up 7% from Last Year

December 8, 2017 by Peter Maclennan Leave a Comment

Home Prices Up 7% from Last Year | SellingDanaEstates.com

Dana Estates Real Estate | Home Prices Up 7% from Last Year

The Dana Estates 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: Home Prices. They’re up 7% from Last year.

According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase.

A lack of supply of homes for sale has led to upward pressure on home prices across the country, especially in areas where both existing and new home inventory have not kept up with buyer demand.

CoreLogic’s Chief Economist Frank Nothaft elaborated on the significance of such a large year-over-year gain, 

“Single-family residential sales and prices continued to heat up in October. On a year-over-year basis, home prices grew in excess of 6 percent for four consecutive months ending in October, the longest such streak since June 2014.

This escalation in home prices reflects both the acute lack of supply and the strengthening economy.”

This is great news for homeowners who have gained over $13,000 in equity in their home over the last year! Those homeowners who had been on the fence as to whether or not to sell will be pleasantly surprised to find out that they now have an even larger profit to help cover a down payment on their dream home.

CoreLogic’s President & CEO Frank Martell had this to say,

“The acceleration in home prices is good news for both homeowners and the economy because it leads to higher home equity balances that support consumer spending and is a cushion against mortgage risk. However, for entry-level renters and first-time homebuyers, it leads to tougher affordability challenges.”

Any time the price of a home goes up there will likely be concern about the affordability of that home, but there is good news. Mortgage interest rates remain at historic lows, allowing buyers to enter the housing market and lock in a low monthly housing cost.

Rents Are Also Rising

The report went on to mention that over the same 12-month period, median rental prices for a single-family home have also risen by 4.2%.

With rents and home prices rising at the same time, first-time buyers may find the task of saving for a down payment a little daunting. Low down payment programs are available and have been a very popular option for first-time buyers. The median down payment for first-time buyers in 2017 was only 5%! 

Bottom Line

If you are looking to enter the housing market, as either a buyer or a seller, let’s get together to go over exactly what’s going on in our neighborhood and discuss your options!

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):

concord california real estate search by map
Concord CA Real Estate Map Search

Filed Under: Buyers, Real Estate Market, Sellers Tagged With: Buyers, Concord Real Estate, Dana Estates Real Estate, Renters, Sellers

Getting a Home Ready for Sale

November 20, 2017 by Peter Maclennan 1 Comment

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.

Go back

Your message has been sent

Warning
Warning
Are you looking to...

Warning
Warning

Warning.

 

Filed Under: Sellers Tagged With: Concord Real Estate, Dana Estates Real Estate, Sellers

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

November 16, 2017 by Peter Maclennan Leave a Comment

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):

concord california real estate search by map
Concord CA Real Estate Map Search

Filed Under: Buyers, Dana Estates News, Sellers Tagged With: Buyers, Concord Real Estate, Dana Estates Real Estate, Sellers

Trouble on The Naval Weapons Station’s CAC?

November 14, 2017 by Peter Maclennan Leave a Comment

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

 

 

Filed Under: Concord Naval Weapons Station, Dana Estates News Tagged With: CNWS, Concord Naval Weapons Station, Concord Real Estate, Dana Estates Real Estate

  • « Previous Page
  • 1
  • 2
  • 3
  • 4
  • Next Page »

Get Your Home’s Value

Search for Homes

Follow Us on Facebook

Follow Us on Facebook

Recent Blog Articles

  • 2024 Dana Estates Neighborhood Garage Sale
  • Hike the Naval Weapons Station
  • City of Concord Clean Up Day
  • Concord Naval Weapons Station Update – September 20, 2023
  • Dana Estates Real Estate Market Update Video

Get a Market Update

Meet Peter

I moved to Dana Estates with my family in 2012. We love the neighborhood. We love that it is relatively quiet, the neighbors are friendly, and the trees that line the street.
If we aren't hanging out at Starbucks or buying a pizza from P-za Pie, you will find us cruising the sidewalks near Lynwood and Beechwood Dr. Feel free to stop me and say hello.

RSS Mortgage News Daily Updates

  • Why Did Rates Completely Ignore This Week's Bad News?
  • Mortgage Rates Started Flat, But Moved Lower During The Day
  • Minimal Damage For Mortgage Rates Following Fed
  • Another Good Day For Rates, But Tomorrow is Anyone's Guess

About this Agent

Peter is a real estate broker serving Central Contra Costa County. He and his family live in the Dana Estates Neighborhood. More…

Social

  • Facebook
  • X
  • YouTube
  • Instagram
  • LinkedIn

Copyright © 2025 · SellingDanaEstates.com

Privacy Policy
Disclaimer: Information on this site is deemed reliable, but is not verified nor is it guaranteed. Peter Maclennan is a licensed real estate broker in the State of California serving the Dana Estates neighborhood in Concord through Maclennan Investment Group, Inc.. CA DRE # 01801793