Walnut Creek North Gate New Construction
My colleague at Alain Pinel Realtors, Peggy Cortez has a tremendous offering at the end of North Gate Road.
It’s only a few steps to the entry to Mt. Diablo State Park. 4000 square feet on a level three quarters of an acre of land. Built in 2007, brand new and ready for a family that want to be near nature, but only minutes from downtown Walnut Creek. The floor plan has 4 good size bedrooms and 3 and a half baths.
Appointments include hardwood floors, granite, marble, stainless appliances and a spectacular view of Mt. Diablo. Priced at $1,898,000, and ready to move in.
This price range in Walnut Creek continues to improve, as inventory is stable. If you want to see this home or any other homes in Contra Costa, drop me an email or give me a call.
Buy a Home in Walnut Creek with a Grant… What?
Homes in Walnut Creek and the 680 corridor have been excluded from Federal and State grants for years. The purchase price and loan amounts were always too high. The federal stimulus package continues to assist people who have the income to support the monthly mortgage payments to live in Walnut Creek and central Contra Costa County. And here’s how.
The Nehemiah Program has been around for decades it has helped over a quarter of a million Americans purchase homes. Unlike some down payment assistance programs, Nehemiah offers down payment help to anyone who qualifies for an approved FHA loan. There are no limits on income or assets, but buyers must have an FHA loan or be pre-approved for an FHA mortgage.
Nehemiah will allow up to 6% of the final contract sales price for down payment and/or closing costs. It’s available for first-time and repeat homebuyers. You can use it for new construction and resale homes, with no geographical restrictions.
This means a FHA loan up to a $750,000 loan amount with a supporting Nehemiah grant to cover the down payment. I’m sure certain restrictions are attache to this product, but if you want to buy a Walnut Creek home with nothing down, this may be one fo the ways to do it.
Walnut Creek Home Prices Inching UP
The past few week shows all Quartiles of residential real estate in Walnut Creek inching up in price . Most of the homes on the market are showing good crowds at open houses and Realtors seem to be busy showing homes too.
Another very interesting statistic is that inventory continues to increase, giving buyers more selection. Sellers may be starting to realize that it’s a good time to sell a home and buy up or buy down.
If you are buying or selling, it may be time to re-enter the Walnut Creek real estate market. Additional Walnut Creek real estate Statistics available upon request.
Best Schools+Home Inventory=Walnut Creek
Simple arithmetic.
The California State Department of Education has selected five Walnut Creek elementary schools to be named to list of CALIFORNIA DISTINGUISHED SCHOOLS. This is a annual award that has gone to elementary schools in Walnut Creek for many years. This year it means even more.
Walnut Creek real estate continues to crawl through these very tough times. More inventory means more opportunity for home buyers. Currently on the Walnut Creek MLS there are 318 homes for sale in Walnut Creek. Condos from the low $200,000 to 6,000 square foot homes with an asking price of $3.5 million. Indeed there is something for everyone.
The other piece of the pie is how long it’s taking homes to sell in Walnut Creek. A great home on Rudger had mulitiple offers on 4 days and the flip side shows homes in Walnut Creek with days on market of over one year. There is a tremendous amount of opportunity in Walnut Creek real estate right now. Are you ready to take a look?
More Homes, Less Time to Buy in Walnut Creek
Walnut Creek real estate shows that we are getting more inventory and homes are staying on the market for less days. Buyers are coming back and seller are pricing homes well.
Walnut Creek real estate median days on market continues to drop at a very healthy pace.
Walnut Creek real estate inventory continues to increase at a very healthy pace too.
All signs show that the Walnut Creek real estate market show signs of parity. It’s good for buyers and sellers.
Sol Henik Has His Pulse on Walnut Creek
The new generation of people that care about Walnut Creek is lead by a local teacher, Sol Henik. His political career has just begun. Sol has a Blog that deals with Walnut creek events that is worth making a favorite or add to your Google Reader.
http://www.walnutcreekreport.com/
It’s very inportant to homeowners and buisness owners in Walnut Creek to support the new generation of people that have a desire to keep Walnut Creek in the forefront of east bay area cities.
Walnut Creek Housing Inventory
Inventory in Walnut Creek continues to stay at a respectable rate. There are active listing in all prices ranges. The real estate community in Walnut Creek sees a steady stream of buyers as well. It’s a great time to buy a home!
Walnut Creek’s younger brother–Brentwood, California
Days on market is a good way to keep in touch with home sales. Homes sales in Brentwood continue to fluctuate, but the overall signs are improving.
Walnut Creek home sales has always been the last to soften and the first to rebound when looking at the Contra Costa real estate trends. There are amazing similarities to these graphs.
Brentwood continues to experience a lot of bank owned properties, but the trends are very promising.
It’s a great time to buy residential real estate!
East Contra Costa County Bank Owned
These statistics continue to grow. As of today in Brentwood there are 531 homes for sale, 167 of them are REO, Bank owned or 30%. In Antioch there are 1187 homes for sale, 447 of them are REO or 37%. And in Oakley there are 359 homes for sale and 115 of them are Bank owned or 32%.
This is recipe for aggressive buyers to get fantastic deal on homes.
Buying Bank Property in Contra Costa County?
I had the pleasure of meeting Kenneth Session today in his office in Oakland, California. Kenny has created an incredible portfolio of REO, that’s “real estate owned by banks,” to those outside the real estate business. His portfolio is in Alameda and Contra Costa Counties.
http://www.reuters.com/article/pressRelease/idUS16943+11-Jan-2008+BW20080111
The link above is an article that includes Kenny Sessions with Mayor Ron Dellums of Oakland, California. It’s be coming very clear that a hand full of real estate brokers control this part of the market. Stay tuned for more information about bank owned properties in Contra Costa County.
Sam Benson, 925-262-4299
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