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Concord, CA Real Estate News

By Valerie Crowell, Broker Associate
(Keller Williams)
  Concord real estate has remained very steady throughout the last year. The median sale price has increased slightly year over year by 4%, from $431,000 to $450,000. Over the last month, from May to June, the median sale price has remained the exact same, no increase or decrease. The number of properties sold in Concord, year over year has also increased by 4%, from 97 to 101. Not a large increase but a positive change. Also, the number of properties under contract by month has increased by 5%, from 99 to 104. Another small increase but an increase at that. And interestingly enough, the average number of days a home stays on the market is up 51%. Over the last several months this number has consistently been decreasing, likely because of the low inventory levels. This month has been p...
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By Valerie Crowell, Broker Associate
(Keller Williams)
  Concord’s median sale price has remained very consistent throughout the past year. We are seeing a slight uptick but nothing drastic. Year over year the median price is up by 7%, from $430,000 in May 2013 to $460,000 in May 2014. Again, nothing drastic but any increase is great news for Concord’s real estate market. We have seen the largest spikes in the last two months but otherwise it’ remained pretty steady. And like many other Bay Area cities, the number of properties sold is down. That is in relation to the inventory levels. The decrease isn’t anything significant, down roughly 7% year over year. And the inventory levels are beginning to rise, slowly but surely. Year over year the number of new properties is up 2%, from 140 in May 2013 to 143 in May 2014. Since January though, t...
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By Pete Sabine, San Francisco Bay Area Real Estate
(Compass)
I  have posted the monthly MLS Statistics for Concord, California real estate.  Easy to read charts and graphs to provide you with accurate up-to-the-minute information for the local Central Contra Costa County real estate market.  To learn how to interpret this information or further discuss, please feel free to contact me directly or post a comment to the blog. Contact me at (925) 297-5335 (PST) or send an email to Pete@ContraCostaLiving.com. Visit Pete's web site www.ContraCostaHomeSearch.com    
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By Valerie Crowell, Broker Associate
(Keller Williams)
 Concord has remained steady throughout the year, with slight increases and decreases in the median sale price. Over the last month, from March to April, the median price increased from $425,000 to $472,800 an increase of roughly 12%. Year over year the increase was slightly less, around 9% from $435,000. As far as the number of properties sold, year over year the units sold decreased by 5% from 94 in April 2013 to 89 in 2014. In contrast, over the last 4 months the number of units sold has been on a steady incline, with 59 in January, 61 in February, 69 in March and 89 in April, that’s a 4 month increase of 50%. And interestingly enough, the number of days a property spent on the market in Concord increased year over year from 16 in April 2013 to 22 in April 2014, an increase of 14% ....
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Concord CA and 100% financing on VA Loans - the best loan program and loan payment in the country! Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today. Here are some of the highlights of this incredible program: - Up to 100% financing, with no down required. - Monthly mortgage insurance is not tacked on to your payment. - More lenient credit qualifying standards than other types of mortgage loans. - Low rates compared to other loan programs.   Here's how to qualify for a VA Mortgage Loan in Concord CA: You must first verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. A Concord CA VA loan lender can order your COE quickl...
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By Valerie Crowell, Broker Associate
(Keller Williams)
39th Annual Concord HS Family Carnival When & Where: April 19th - April 21st FUN FOR ALL AGES --- The three-day Concord Family Carnival, a Concord-area tradition since the mid 1970's, features adult rides, kiddie rides, games, prizes, and county fair-inspired food concessions.  Gate Admission is $1.00/person (donated to the Mt. Diablo Music Education Foundation) or one can of food (donated to the Bay Area Crisis Nursery).  Individual ride tickets or one-day unlimited ride wristbands are available for sale at the event.  Carnival ride ticket proceeds benefit the shared safe & sober Graduation Night activities in June for Concord High, Ignacio Valley High, College Park High and Northgate High.  Proceeds from the sales of bottled water at a special refreshment booth will benefit the Mt. Di...
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By Valerie Crowell, Broker Associate
(Keller Williams)
Concord is following suit of many other Bay Area Cities with inventory, buyers and home values increasing. The real estate market is really beginning to balance out in 2014. Concord hasn't seen dramatic spikes but more of a small and steady growth. In March the median sale price was $435,117 an increase of 20% from last year. Additionally, the number of new properties increased, from 92 in February to 123 in March, an increase of nearly 35%. And so far the number of properties sold has increased slowly, from Just under 60 in January to around 63 in March. But with more inventory becoming available and more buyers this number should start to shift slightly. Overall, Concord is heading in a great direction.
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
April 2014 Contra Costa County Apartment Trends and Our Top 10 Prices on Investment Properties are going up as are rents. Cap Rates on most Multi-Family Homes and Apartments in Contra Costa County and Alameda County on the market ranges from 5-6%. I suspect the demand for quality apartments will continue to go up. No one can predict what this economy is going to do and I am no expert on the Stock Market or the economy, (All I can tell you is what I see in the housing market.) but many people are predicting a crash. Not many think money will be safe from even inflation in the bank. This leaves real estate as one of the few safe alternatives from Investors. People will always need a place to live. Every month I search Apartments and 2-4 unit properties and come up with a list of my top ch...
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By Linda Urbick, Selling San Ramon Valley - 925-786-5132
(RealtyOne Group)
Complete remodel on this 4 bedroom in Concord, CA. Located on a corner lot this home features high ceilings, granite counters, stainless steel appliances, wood floors, carpets, designer light fixtures. Great for first time buyer priced at $449,900. Addres: 3419 Moretti Dr., Concord, CA. Price: $449,900 Call Linda to schedule a showing 925-415-3046
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Concord California and 100% VA Loans - the best loan program in the country! VA Mortgage Loans are one of the best mortgage loan programs available today for both honorably discharged Vets and active duty military personnel. Here are some of the great features of this fantastic program: - Up to 100% financing, with no down required. - Monthly mortgage insurance is not tacked on to your payment. - More lenient credit qualifying standards than other types of mortgage loans. - Low rates compared to other loan programs.   So how do you qualify for a VA Mortgage Loan in Concord California? You must first verify your eligibility. This is done by ordering your Certificate of Eligibility or COE. You can work with an approved Concord California mortgage loan lender to order ...
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By TIM GARTON, "Highly Skilled Pro"
(RE/MAX Gold)
Bank of America, the second-largest U.S. lender, is cutting 450 mortgage jobs from its West Coast offices. The lending giant is reducing staff after new loan production fell short of internal forecasts. In a report by Bloomberg, affected employees were told Wednesday that workers involved in processing home loans would be let go. California locations that will lose workers include an office in Concord; an office in Pasadena will be shutdown entirely. Terminations are effective immediately, and employees will receive salaries for 2 months and be eligible for severance pay, said sources familiar with the proceedings. "These notifications have been ongoing and reflect our previously announced efforts to reduce our size, resolve legacy issues and simplify our company," said Dan Frahm, a spo...
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By Valerie Crowell, Broker Associate
(Keller Williams)
Concord is the largest city in Contra Costa County and with the population growth has come a positive growth for the real estate market. Concord just continues to surge ahead. January was a solid month with a median sale price of $420,000, an increase of 20% from January of 2013…this is great news for Concord! The number of for sale properties is up slightly from January 2013 to January 2014. All around Concord is becoming more and more appealing to home buyers with a great downtown, farmers market, free summer concerts and a number of great restaurants. 2014 should be a great year for this great city! Click Here for more updates.  Concord Community Event The Tuesday farmer’s market is open year-round, from 10:00 AM to 2:00 PM. Pick up a healthy and delicious lunch in the market and a b...
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By Valerie Crowell, Broker Associate
(Keller Williams)
With the New Year, comes new housing market projections and all seems to be on the up and up. We can anticipate continued growth for housing in 2014. Home sales and prices are suspected to increase as the market transitions toward primary homebuyers. Looking back at 2013 there was a major spike in units sold and median sale price. Comparing December 2012 to December 2013 the median sold price is up 29% from $315,000 to $406,500. Overall, the 2013 housing market was on fire and it seems as though 2014 will bring the same heat! Click Here for more updates on Concord real estate. Concord Community Event - January Beer lover’s, rejoice! The Brewing Network’s Winter Brews Festival is coming to downtown Concord on January 25th from 12pm-4pm at Todos Santos Plaza.  There will be over 35 brewer...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Concord CA and 100% VA Loans - the best loan program in the country! VA Mortgage Loans are one of the best mortgage loan programs available today for active duty and honorably discharged Veterans. Here are some of the highlights of this incredible program: - Zero Down Payment, 100% financing. - Monthly mortgage insurance is not tacked on to your payment. - Easier credit qualifying compared to other types of mortgage loans. - VA Mortgage Rates are low compared to other types of home loans.   So how do you qualify for a VA Mortgage Loan in Concord California? The first step is to verify your eligibility. This is done by ordering your Certificate of Eligibility or COE. A Contra Costa VA loan lender can order your COE quickly for you, or you can go directly to the VA to...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
List of Top 5 East San Francisco Bay Area Apartments under $2,000,000.00. Have you consider Investing in Apartments in Contra Costa County or Alameda County? Ready to make the Real Estate Investing jump from single family homes and 2-4 unit buildings to Apartment House Investing? Apartments are a great alternative to investing in Single Family Homes. Right now it is a very tight real estate market. In many ways Buying an Apartment Building is easier than buying a single family home. We have scoured the market and have a list of 5 Apartments under $2,000,000.00 for the new or experienced Apartment House Investor. E-Mail me Directly for the List of Top 5 East San Francisco Bay Area Apartments or just tell me what you are looking for. Home Point Real Estate is experienced working with Real...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Real Estate Investing Tip of the Day – 1031 Exchanges A 1031 Exchange is a basic tool for buying and selling Real Estate Investment Properties and avoiding Capital Gains Taxes. The most basic type of 1031 Exchange involves selling one investment property and Buying another Investment Property to replace it. 1031 Exchanges are one of the most often used tools by Real Estate Investors. They offer great potential but there are pitfalls. For more details on 1031 Exchanges and how to avoid problems see the post at HomePointBrentwood.com on Exchanges. To avoid problems with your 1031 Exchanges and to maximize your Real Estate Investing Profits be sure to use an Experienced Real Estate Broker that works with Investors. Home Point Real Estate works with many investors both in Single Family Home...
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By Nicole Monary, Nicole Knows San Diego Neighborhoods
(Sellstate Next Gen Realty)
CAP RATE 7.34% --MULTIFAMILY FOR SALE IN CONCORD CA $11.845M 64 and 22 Unit apartments NOI $870k  Financing available with 40% down  Recent appraisals for $12,280,000 These are off market properties and NOT available on the MLS. Agents welcome, but no commission to be paid by seller. Must provide NDA and POF for further information. Please email kdwyer@gmail.com for more information. No calls at this time please, due to high demand. SERIOUS BUYERS ONLY!   Fleur De Lys Investments, LLC has forged relationships with sellers of assets, performing and non-performing as well as REO to aid in the disposition of assets that no longer meet their investing criteria.  This allows you to gain access to off market properties and avoid battling out at auctions and scouring the MLS just like everyone...
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By Kevin Dwyer
(Sellstate Next Generation)
    Foreclosure Alternatives for Concord Homeowners- Keep Your Home California   Hey underwater Concord homeowners. Have you heard about "Keep Your Home California”? It’s a 2 billion dollar State run program designed to assist low to moderate income homeowners in distress. The program is free to homeowners.   Fifty-five mortgage servicers are now participating in this program that offers mortgage assistance to help families stay in their homes. To date, more than 10,000 homeowners have either received funding or are in the process of getting financial help from Keep Your Home California.   The 55 participants include six of the largest servicing companies in the state: Bank of America, JPMorgan Chase, Wells Fargo, GMAC, CitiMortgage and EMC Mortgage.   These important programs include: ...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Real Estate Tip of the Day – June 29, 2012 I see many Real Estate Investing Courses being sold to potential Real Estate Investors. Now I have not seen all of them and I am sure there is a good one out there, but I have not seen that one. This is not to say all advise in them is bad or wrong; however, it is information you can get for free from a qualified REALTOR that works with Real Estate Investors. See Single Family Homes! See Apartments for Sale! The other problems I see with many of these courses is the information is dated. As an old fisherman you know that hot fishing spots are best kept secret of they do not stay hot. All of these Secrets and Real Estate Investing Methods are being sold over and over again to the point where many of the tactics do not work – and the easy methods...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Real Estate Investing Tip of the Day – June 22, 2012 Many people who start out Investing in Single Family Homes begin to look at Investing in Apartments. For Real Estate Investing Purposes Apartments are 5 or more residential units. Four or fewer units are basically handled like single family homes in terms of loans and such. Get the Free Real Estate Investing Book! View Apartments for Sale! However, you may also want to make sure your when Buying an Apartment that your First Apartment Purchase has 15 units or less. Why? Well if you have 16 units in California you will have to have a Residential Manager on site. If you are not in California be sure to check with your REALTOR about any local requirements. Of course you may want to have a Residential Apartment Manager – but you should be ...
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