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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.

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Sunday
May282017

RECORD-LOW HOUSING INVENTORY IS 'FREAKING ME OUT'

 

The number of homes for sale in America has been falling steadily for the past year, but the situation is apparently getting much worse as our traditional spring demand heats up.

The inventory is reaching historic lows. It's never declined faster than it did last month. It's freaking me out. I think the overall industry for the first time is seeing sales volume really limited by the inventory crunch.

I believe the lack of inventory on a new dynamic in housing:

It's a new landlord nation where everybody is renting out their basement. When somebody moves up they don't sell their old place, they rent it out to somebody else, and it's because they want to keep that 30-year mortgage for 30 years, and it's because they can easily find somebody on Airbnb who will take the place.

Also related:
CALIFORNIA’S HOUSING AFFORDABILITY PROBLEMS
Source: LA Times

California’s housing affordability challenges remain daunting and continue to increase, according to a draft report from the state’s Department of Housing and Community Development. Thirty-two percent of millennials between the ages of 20 and 26 say they owe between $10,000 and $50,000 in student loans. The average student loan balance was $10,205.
The report found:
  • Housing production over the last decade fell more than 100,000 new homes short of demand and continues to lag, leading to surging prices at all income levels.
  • The state’s homeownership rates are at their lowest since the 1940s.
  • One-third of the state’s renters spend more than half their income on housing costs.
  • California has 12 percent of the nation’s population, but 22 percent of the country’s homeless population.
  • The report includes a range of potential solutions, including streamlining local and state land-use and environmental rules and boosting funding for low-income housing.

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