Walnut Creek, CA Real Estate News

By Doug Anderson, Bay Area Real Estate Views
(Tucker Associates Real Estate Services)
The following numbers represent the Real Estate Market Review of homes sold for the first eight months of 2011 versus the same period in 2010 for Walnut Creek, CA. Keep in mind that real estate markets are local in nature and there will be micro markets in every town. Walnut Creek is holding steady in for the year over year comparison with single family homes showing a down-tick in unit sales and median price. Attached home sales have shown a bounce while the lower end sales are dragging down the overall price data.
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Daily Housing Market Update for Walnut Creek, CA (08-25-2011) The following report is a breakdown of the DETACHED SINGLE FAMILY Home Sales and Housing Market for Walnut Creek, CA. CURRENT INVENTORY CURRENT ACTIVTY INVENTORY STATS.   Total For Sale 148 Normal Sales 109 (74%) Foreclosures 15 (10%) Short Sales 24 (16%) INVENTORY BREAKDOWN   1-2 Bedrooms 6 3 Bedrooms 56 4 Bedrooms 63 5+ Bedrooms 23 NEW LISTINGS   Listed Today 2 Listed Last 7 Days 10 Listed Last 30 Days 48 SALES MOMEMTUM   Sold Today 1 (1 Pend) Sold Last 7 Days 11 (11 Pend) Sold Last 30 days 51 (50 Pend) Sold Last 60 days 89 (63 Pend) 60 DAY STATISTICS   1-2 Bedrooms 3 3 Bedrooms 45 4 Bedrooms 37 5+ Bedrooms 4 60 DAY SALE TYPE   Regular Sales 62 (70%) REO's 9 (10%) Short Sales 18 (20%) If you are interesting in finding out m...
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By Doug Anderson, Bay Area Real Estate Views
(Tucker Associates Real Estate Services)
The following numbers represent the current Foreclosure Sales inventory data as well as the current "Active" and "Sale Pending" data for Bank Owned (REO) properties in Walnut Creek, CA 94596,94597,94598 for the month of July 2011. There are 21 homes currently active/pending with a high price of $999,950 and a low price of $359,900. 40 attached homes are active/pending with high price of $585,000 and a low price of $67,900. Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. Please call for more detailed information about the current Foreclosure/REO market in Walnut Creek. PREVIEW CURRENT BANK OWNED LISTINGS IN WALNUT CREEK  
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By Doug Anderson, Bay Area Real Estate Views
(Tucker Associates Real Estate Services)
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for Walnut Creek, CA as of August 11th 2011. Please keep in mind that this only reflects the market on the specific day quoted.  Walnut Creek Short Sales can take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day range. Please call for more information on Short Sales in Walnut Creek.
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By Wendy Cutrufelli, Contra Costa Realtor
(Alain Pinel Realtors)
    The Walnut Creek Soccer Club is offering a course for the "E" coaching license on August 19-21.  As a licensed soccer coach who went through the system to obtain my national "C" license, I can attest that the courses are a wealth of great information. Classroom:  Friday, August 19; 6:30 - 9:30 p.m., at the Civic Park Community Center, 1375 Civic Drive, Walnut Creek Field Training: Saturday-Sunday August 20-21; 8:30 a.m., Tice Valley Park, 2055 Tice Valley Blvd., Walnut Creek More information and License Application   Search Walnut Creek homes for sale  
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By Wendy Cutrufelli, Contra Costa Realtor
(Alain Pinel Realtors)
Walnut Creek Real Estate Market Report July, 2011 Search Walnut Creek Homes For Sale Condos and Townhomes 34 closed sales, of which 6 were short-sales and 13 were sales of bank-owned properties. The average sales price was $278,716 There are 97 pending transactions and 76 actively for sale.Detached homes under $1 million 55 closed sales, of which 3 were short-sales and 8 were sales of bank-owned properties. The average sales price was $649,943. There are 72 pending transactions and 125 actively for sale. Detached homes at $1,000,000 + 4 closed sales, of which 0 were short-sales or bank-owned properties. The average sales price was $1,211,749. There are 4 pending transactions and 31 homes actively for sale.  
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By Wendy Cutrufelli, Contra Costa Realtor
(Alain Pinel Realtors)
Walnut Creek's first Community Service Day is October 1, 2011.  The day begins with a free pancake breakfast at Heather Farm Community Center.  Volunteers will then fan out to complete a variety of half day projects that range from Animals, Creeks and Open Space, Schools, Arts & Library, Community Assistance and Gardens and Parks.  Support Walnut Creek and sign up to volunteer. Search Walnut Creek Homes For Sale
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By Wendy Cutrufelli, Contra Costa Realtor
(Alain Pinel Realtors)
Dear Short-Sale Seller, We understand that you have suffered a financial set-back and it's the last thing you ever expected to happen in your life.  We know that you loved your home and didn't really want to sell it. We understand that you have dealt with the lender for months and are angry. We know you don't have discretionary funds for maintenance and repairs and didn't blame you for the deteriorating condition of the home.   We, too, dealt with your lender for months because we stayed in contract for the long haul. When the lender wanted to receive the top of fair market value but refused to pay for the Section 1 repairs, we didn't bail. When the home was 12 hours from foreclosure, we spent an afternoon getting the notarized signatures from all parties as requested by the lender in o...
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By Wendy Cutrufelli, Contra Costa Realtor
(Alain Pinel Realtors)
Please consider this my formal Thank You for leaving the smart real estate buyers and sellers to me. Bear with me as I explain how I know this. I was recently invited to attend a round table meeting with Realtors from various markets in Northern California to provide input as to the best way to incorporate Green features in the MLS.  The intention is to provide sufficient data for valuation and marketing purposes as well as to enhance home buyers' ability to make discerning comparisons between homes. I was more than a little suprised to hear numerous suggestions that we should "dumb it down", inferring that the average client would somehow be confused or overwhelmed if they didn't understand the terms "Low E windows", "Smart Irrigation Controller" or (treading dangerously here) "A/C wit...
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By Pacita Dimacali, Alameda/Contra Costa Counties CA
(Alain Pinel)
My client was foreclosed because of an impossible tenant. My client was going through a hardship (divorce, relocation) and had to sell her 2 bedroom condo. When I listed it, it was vacant. So I even partially staged it, took lots of pictures and started marketing the property. Other agents in the complex and I even combined our efforts to hold simultaneous open houses to draw more attention. This was in 2008 when the market took a really hard tumble. She did what? Rented it out! Unknown to me, and against my advice, my client engaged a property management company to rent the condo to a couple who, according to her,  "seemed nice". It was supposed to only be two people -- but shortly after moving in, they brought in their grandkids and daughter until there were 6-8 people living in the 2...
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By Doug Anderson, Bay Area Real Estate Views
(Tucker Associates Real Estate Services)
The following numbers represent the Real Estate Market Review of homes sold for the first seven months of 2011 versus the same period in 2010 for Walnut Creek, CA. Keep in mind that real estate markets are local in nature and there will be micro markets in every town. Walnut Creek is holding steady in for the year over year comparison with single family homes showing a slight down-tick in unit sales and median price. Attached home sales are almost identical while the lower end sales are dragging down the overall median price.
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By Doug Anderson, Bay Area Real Estate Views
(Tucker Associates Real Estate Services)
The following numbers represent the Real Estate Market Review for Walnut Creek, CA  94596, 94597 & 94598 for the month of June 2011. Walnut Creek has 75 homes currently "pending sale" with a high price of $2,750,000 and a low price of $359,000.  There are 91 condo/townhomes "pending sale" with a high price of $599,950 and a low price of $74,000.
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By Wendy Cutrufelli, Contra Costa Realtor
(Alain Pinel Realtors)
  When renters are deciding whether they can purchase a home in Walnut Creek, CA and surrounding areas in the East Bay, they are told of the great tax benefits from home ownership.  While it's true that home ownership does generate income tax write-offs, the general formula provided to renters to calculate the income tax benefits is wrong.   Don't use this formula:  mortgage payment + monthly property taxes x effective tax rate = income tax savings from home ownership.The formula fails to account for the fact that some standard deductions are replaced by the itemized home deductions so the formula overstates the income tax savings, in some cases significantly.I invite you to request the Buy vs Rent Calculator that has been specifically programmed for California residents, includes stat...
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By Doug Anderson, Bay Area Real Estate Views
(Tucker Associates Real Estate Services)
The following numbers represent the current Foreclosure Sales inventory data as well as the current "Active" and "Sale Pending" data for Bank Owned (REO) properties in Walnut Creek, CA 94596,94597,94598 for the month of June 2011. There are 22 homes currently active/pending with a high price of $950,000 and a low price of $359,900. 40 attached homes are active/pending with high price of $585,000 and a low price of $81,750. Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. Please call for more detailed information about the current Foreclosure/REO market in Walnut Creek.
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Daily Housing Market Update for Walnut Creek, CA (07-17-2011) The following report is a breakdown of the DETACHED SINGLE FAMILY Home Sales and Housing Market for Walnut Creek, CA. CURRENT INVENTORY CURRENT ACTIVTY INVENTORY STATS. Total For Sale 143 Normal Sales 116 (81%) Foreclosures 9 (6%) Short Sales 18 (12%) INVENTORY BREAKDOWN 1-2 Bedrooms 6 3 Bedrooms 43 4 Bedrooms 73 5+ Bedrooms 21 NEW LISTINGS Listed Today 0 Listed Last 7 Days 7 Listed Last 30 Days 36 SALES MOMEMTUM Sold Today 0 (0 Pend) Sold Last 7 Days 9 (9 Pend) Sold Last 30 days 51 (49 Pend) Sold Last 60 days 115 (72 Pend) 60 DAY STATISTICS 1-2 Bedrooms 1 3 Bedrooms 44 4 Bedrooms 51 5+ Bedrooms 19 60 DAY SALE TYPE Regular Sales 85 (74%) REO's 20 (17%) Short Sales 10 (9%) If you are interesting in finding out more information...
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By Doug Anderson, Bay Area Real Estate Views
(Tucker Associates Real Estate Services)
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for Walnut Creek, CA as of July 17th 2011. Please keep in mind that this only reflects the market on the specific day quoted.  Walnut Creek Short Sales can take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day range. Please call for more information on Short Sales in Walnut Creek.
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Congratulations to Ed Rogers of Wells Fargo as one of the top 4 renovation lenders in the nation and located right here in Walnut Creek CA.  Ed Roger is a "one of a kind" renovation lender... talk about service to his clients, tops... when Ed puts a 203k loan together you KNOW it will close. While we all have those loans that just never seem to close, I've found that working with Ed we close them more often as promised... 30-33 day up to 45 days... he just closed another one in 42 days this week.  Keep up the great work and customer service and we hope to see you at the top for many years to come.
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Well the Continental All Stars from Walnut Creek went down to defeat Thursday night in a 10-5 loss to South Oakland. I wish they had gone on as the next night they would have played in Albany California and my son may have played on the same fields I played on 40 years ago. Corbin made two great catches in center in the final game (and dropped a 3rd on the run).  He went one for three at the plate with no strike outs.  Well now we get a break for the rest of the month and he picks up with Travel Ball in August.
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
I wrote Last Week About Corbin Being in The Allstars.  Here is the Allstar update for Walnut Creek California Continental Little League. Well they got beat last night. Got beat bad 8-1. They did not look sharp. My hunch is they practiced too much the day before in the heat. Corbin made a poor bunt (right back to the pitcher) and the runner on first was thrown out at 2nd, but Corbin did get first on a fielders choice. Then he struck out twice. Not much action in center field except to watch 2 home run balls sail over his head. He was brought in to pitch. In two innings he gave up 2 unearned (errors on the infield) runs - no earned runs. They pulled him to keep his pitch count down so he is available today. Today is the first came in the loser bracket of the double elimination. It is do o...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Corbin Riemenschneider - Allstar For those of you who read my post you know my Son # 2 Corbin is a great baseball player.  He plays First Base, Center Field, and does some pitching. This year he was selected to the Continental League Allstar team.  In Little League the 12 year old Allstar team is the pinnacle.  It is the Allstar teams that play for the Little League World Series. We are a long way from that.  They are just getting started in the District 4 Tournament - which is double elimination.  They won there first game on Saturday 4-0 and play again Wednesday.  Corbin is a great First Baseman (I think the best on the team) but they have 3 left handed first basemen and they are all very good.  Corbin is also the best Center Fielder so he played 6 innings in Center the other day. At ...
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