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The Northgate Area-  Comprised of many neighborhoods with a lot of homes. Located in East Walnut Creek, most of the homes were built in the 50's, 60's, 70's and 80's and have long been popular for their traditional style single and two story floorplans. 

New Northgate- Some of the newer constructed Walnut Creek homes are located in the Northgate Area. Subdivisions like Rancho Paraiso were built throughout the 90's by Herald Smith Construction. 

The Woodlands- Once nothing but farmland and walnut groves. This all changed in 1961 and 1962 when several developers, including Leadership, MacKay and Hofman, were the first to break ground and build the Woodlands.

Lake Lakewood Area- It's always a surprise to anyone who doesn't know, that there's a lake in Walnut Creek. Lake Lakewood was man made and has a lot of history. Most of the home development in Lakewood began in the 1930's when it was expected that the opening of the Caldecott Tunnel would increase demand for homes in Walnut Creek.

Crystyl Ranch- Crystyl Ranch is a beautiful neighborhood nestled in the Mt. Diablo foothills of Concord, Ca. Located between Walnut Creek and Clayton, homes in Crystyl Ranch are close in proximity to parks, shopping, dining, entertainment, schools and just about the best the East Bay has to offer.

Elderwood Glen- Elderwood Glen is a subdivision located in Martinez, Ca. There are 55-60 homes, homes range from 3-5 bedrooms and are known for their spacious rooms. Elderwood Glen is also centrally located to downtown Martinez, downtown Pleasant Hill, Concord, Lafayette and Walnut Creek. 

Chateau Ridge- Chateau Ridge is a wonderful neighborhood settled in the foothills of Martinez, Ca. The neighborhood has a private setting with most of the homes backing to the open space and green belt. 

Valley High- These beautiful homes were built by the well know builder, Davidon Homes.  There are many home models to choose from, ranging from single stories to split level homes. The 3-4 bedroom homes have luxury features including skylit entry halls, vaulted ceilings, wet bars, woodburning fireplaces and spacious Master suites.

Alamo, CA- Alamo, CA is an unincorporated community with high demand real estate. It is located in the East Bay region of the San Francisco Bay Area, nestled between Walnut Creek and Danville. The average home price in Alamo is $1.1 million in comparison to the average home price in the state of California at $347,000.

« California home sales start year off strong…but will that last? | Main | Short housing inventory in California leads to record sales prices! »

Bay Area home prices reaching record highs!

This month, we have noticed Bay Area home prices reaching record highs that we have not seen in over six years. According to CAR.org, “California home values hit a high that have not been seen since 1980.”   (http://www.car.org/newsstand/newsreleases/2013releases/homepricerecords).   For example, the average price of a single-family home passed $417,000 last month. This is up 32% from June 2012.  Needless to say it is currently a strong seller’s market!

Now is a great time to buy or sell so be sure to call me at 925.330.3878 or email me at stevepoirier@pacbel.net to discuss your options in today's changing Real Estate market!

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Reader Comments (2)

About an hour after Donald Trump took the oath of office last month, his administration caught my attention when it/he abruptly suspended a planned cut in Federal Housing Administration mortgage-insurance premiums.
The Department of Housing and Urban Development cited the need for further analysis to protect taxpayers in halting the policy that would have saved FHA-borrowers as much as $1,000 or more a year. Now Ben Carson is in charge-Yikes!
In general, borrowers who are able to make a down payment amounting to 20% of a home loan don’t need mortgage insurance, and for those who can’t pony up that amount of cash but have good credit, cheaper insurance from private companies is often available.
But the FHA, with its mission to boost homeownership, is often a preferred option for cash-poor, first-time home buyers and those with spotty credit — or a combination of both. Down payments can be as little as 3.5% of the purchase price and the program is open to borrowers with credit scores as low as 500, which could signal a past bankruptcy or debts sent to collection.
Despite generous underwriting standards, the mortgage insurance premiums covered defaults and fully funded the FHA for decades — until it received its first taxpayer bailout in 2013 because of fallout from the housing bust. Since then, the agency’s finances have improved significantly, though that hasn’t assuaged concerns of some Republicans.

February 22, 2017 | Registered CommenterSteve Poirier

One more thought for the week:

Did you all know that California’s affordable housing crisis has reached an epidemic level, with rents at an all-time high and homeownership rates at their lowest since the 1940’s. Still, despite the housing crunch, California has some of the country’s toughest laws requiring affordable housing. Those rules are rarely enforced, leaving millions of people looking for alternative ways to live.

I thought i would leave you with something to think about until next week...

February 22, 2017 | Registered CommenterSteve Poirier

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