Walnut Creek, CA Real Estate News

By Terrylynn Fisher, HAFA Certified, EcoBroker, CRS, CSP Realtor, Etc.
(Dudum Real Estate Group - BuyStageSell.com)
So here goes.  I just read a post on the Realtor Blog about being two faced if you tell your buyers and sellers that "its a great time to buy or a great time to sell" in this market.  Both buyer and seller in the same market and their reasons for buying or selling could make a difference in how you answer.  Does that make you two faced?  Don't we all analyze our client's needs based on their circumstances and answer them accordingly?  I would say most Realtors do.  And, I am thinking that the public, stagers and others need to understand some of these concepts before accepting such a statement as black and white, without knowing the circumstances and details of the conversation.  There are always two ways to look at things, including a down market.  The old saying when life sends you le...
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By Mike Mueller
(Tech and Social Media Consultant)
First Senator Schumer let's loose with a public "Hey we better watch these guys" email. Indymac of course issues the standard issue, "We're doing fine." Wall St. and the general public get the jitters. Now two different Regulators come out (publicly) telling Schumer to watch his P's and Q's! IndyMac, Regulators Pursue Plan to Help Stabilize Bank (WSJ) http://www.veoh.com/videos/v14714674z3cWdGfN We're in very volatile times, you really need to be careful out there. One little slip and dramatic changes can occur. Indymac on Google Finance posted by Mike   Get a    or Follow me on Twitter Up to the minute Mortgage Rates Report via Twitter Check out "The Foreclosure Report" (It's help for homeowners in trouble!)
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By Mike Mueller
(Tech and Social Media Consultant)
"You didn't properly tell me the terms of my loan!" That's apparently the basis of the lawsuit that I read about in Reuters today. Here's a link to the ARTICLE I don't know much about the difference between a class action suit and the court of appeals.  But there are certain facts I do know.  These people had a Payment Option ARM starting at 1.95% (Teaser Rate) These loans were notoriously sold to all the wrong people for all the wrong reasons. The Truth in Lending Act requires what is called the Truth In Lending Statement to be provided by the Lender to the Borrower. The final version of that statement should match the terms of the loan. This comes right on the heels of Wachovia's decision to eliminate all forms of these loans. I've never been a big fan of these loans.  They were the f...
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By Vickie Nagy, Vickie Jean the Palm Springs Condo Queen
(Coldwell Banker Residential Real Estate)
Buying one of the homes for sale in Walnut Creek or selling Walnut Creek CA real estate? Contact me to find your home in the right school district! I offer extensive knowledge and strong negotiation skills and will be truly focused on "Getting You Where You Need to Be!" Vickie Nagy (925) 407-7987 or Vickie@BestTriValleyHomes.com    The 2007 Overall API for Mt. Diablo Unified School District is 747.   The state goal for all schools is an 800 API. Only 31% of all schools in California meet that goal. Less than 15% of all high schools state-wide meet the goal. *The API is the cornerstone of the state's academic accountability requirements. The API is a numerical index (or scale) ranging from a low score of 200 to a high score of 1000. It reflects a school's or district's academic performan...
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By Terry Osburn, Broker Associate
(BHHS|Drysdale Properties)
Ah, if I had a crystal ball would I still be selling real estate? Some things buyers must take note of:  We are seeing more and more investors buying up california property.....When the investors come in that is usually a decent indication that the market is most likely near the bottom or on the trend upwards.  The mortgage interest rates are starting to increase. We are seeing properties that have sat for months now going into escrow. If you are a buyer and seriously want to own and PLAN on owning for several years I would seriously be thinking about getting off the fence. Even though there will always be deals out there you need to look at the condition of the home, location, amenities for the price you can afford. If you are seeking to buy and flip the property for profit....then I w...
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By Mike Mueller
(Tech and Social Media Consultant)
  I just posed this question the video community and we'll see what they think. The decision will posted at 11:15 Pacific time today.  What do you think?  Feel free to post your own video comment reply and get in on the conversation.   Get a    or Follow me on Twitter Up to the minute Mortgage Rates Report via Twitter Check out "The Foreclosure Report" (It's help for homeowners in trouble!)
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By Vickie Nagy, Vickie Jean the Palm Springs Condo Queen
(Coldwell Banker Residential Real Estate)
There are currently 26 homes for sale in NorthGate in Walnut Creek CA ranging in price from $669,900 to $2,749,000. Homes for sale in North Gate in Walnut Creek CA are some of the most popular homes among the offerings of Walnut Creek CA real estate due to the proximity of good schools. Twelve homes are currently pending sale In NorthGate ranging in price from a three bedroom, two bath home with 1,466 square feet that was offered at $599,000 to newer four bedroom, three and a half bath home with 4,745 square feet on 1.37 acre estate lot offered with hillside views and heated pool offered at $2,495,000. Twenty-three homes for sale in North Gate in Walnut Creek have sold and closed since the first of the year with a with a median price of $870,000 for homes for sale in North Gate in Walnu...
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By Vickie Nagy, Vickie Jean the Palm Springs Condo Queen
(Coldwell Banker Residential Real Estate)
June 23, 2008 - 2 Short Sales in Walnut Creek CA sold and closed during the period from March 1, 2008 through June 23, 2008, one was a condo, the other was a townhouse. ·         One condo having two bedrooms, two baths with 1,041 square feet sold for $315,000 ·         One townhouse having three bedrooms, three baths with 2,367 square feet sold for $499,750. June 23, 2008 - There are 14 Short Sales in Walnut Creek CA currently pending or under contingency contract on the MLS. Six are detached single family homes that were listed from $525,000 to $835,000. The median price of short sales in Walnut Creek CA is $612,000 for single family homes. Eight are attached homes that were listed from $225,000 (for a 1 bedroom, 1 bath with 550 square feet) to $689,000 (for a 3 bedroom, 2 bath with 2...
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By Vickie Nagy, Vickie Jean the Palm Springs Condo Queen
(Coldwell Banker Residential Real Estate)
June 23, 2008 - 16 REO Bank Owned Foreclosures in Walnut Creek CA sold and closed during the period from March 1, 2008 through June 23, 2008, Eight were single family homes and eight were condos and townhouses. ·         The eight detached single family homes that were REO Bank Owned Foreclosures in Walnut Creek CA had a low sales price of $478,000 and a high sales price of $1,100,000. The median sale price for foreclosed home sales in Walnut Creek for this period is $675,000. ·         The eight attached homes (including condos and townhouses) that were REO Bank Owned Foreclosures in Walnut Creek CA had a low sales price of $200,000 (for a 1 bedroom, 1 bath with 760 square feet) and a high sales price of $425,000 (for a 3 bedroom, 2 and a half-baths with 1,380 square feet). The median ...
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By Mike Mueller
(Tech and Social Media Consultant)
I know this article is a departure from the typical Mortgage and Real Estate, but like all mysteries it has a twist at the end (a Real Estate Twist!). Friday night, my wife and I had the pleasure of attending a small community theater performance. The Mystery Plays The play was at the downtown Walnut Creek Theater, The Lesher Center for the Arts in the small and intimate "Knight Stage". I'm not a theater goer - maybe a couple a year if I'm lucky.  My wife on the other hand has a deep association having been a stage manager for many years.  She's also one of those people who read mystery novels (at least one a week), so this was right up her alley. I don't want to give away the plot but this much I can tell you.   One play, two stories, somewhat connected.  You'll be sitting on the egde ...
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By Terry Osburn, Broker Associate
(BHHS|Drysdale Properties)
First time home buyers do not have a clue about a lot of the language and the processes that go on in a real estate transaction. It is a good thing to sit down and explain the process...... Escrow-Is the time period from when your purchase offer was accepted to the end when the lender releases the funds. You have contingency periods built into your contract. Usually for the loan, appraisal, inspections and review of disclosures as required by law from the seller. Those periods can vary but can run from 10 days to 21 days or so. In other words the buyer must be completely satisfied before proceeding with the purchase and has the ability to renegotiate with the seller or just walk away without penalty. Failure for the buyer to comply with the contingency period delays could result in buye...
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By Vickie Nagy, Vickie Jean the Palm Springs Condo Queen
(Coldwell Banker Residential Real Estate)
Walnut Heights Market Snapshot June 15, 2008 -  There are 12 detached single family homes for sale in Walnut Heights of Walnut Creek CA. This is a very diverse area that includes vintage cottages and new estate homes. There are three  spacious new, never been occupied, single family homes with over 4,000 square feet of living space on large homesites (from nearly ½ acre to over ½ acre)ranging in asking price from $1,895,000 to $2,375,000. The least expensive home currently offered in Walnut Heights is a charming 1900's farmhouse. The MLS description reads "Incredible Opportunity.  Spacious 1900's Farmhouse with large country living room & sunny kitchen with window seat overlooking the gardens. Secluded 1/2 acre + site on a private lane next to Shell Ridge Open Space. Needs work, bring ...
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By Wendy Cutrufelli, Contra Costa Realtor
(Alain Pinel Realtors)
4133 sf custom home with 180 degree views anda Tahoe setting on 2.18 acres located in thegated Mockingbird Hill area of Walnut Creek. 4 bedrooms, 2 offices, 3 bathrooms, wine cellar,large decks on two levels - great for entertaining! Visit 2360 Deer Valley Lane for more photos.
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By Vickie Nagy, Vickie Jean the Palm Springs Condo Queen
(Coldwell Banker Residential Real Estate)
The May 2008 median home price in Walnut Creek CA was $770,000 for single family detached homes. There were 31 home sales of single family detached homes, the highest priced home sold for $2,200,000, the lowest price home sold for $550,000. The average selling price of detached single family homes for May 2008 in Walnut Creek California was $952,300. Your Walnut Creek California real estate market update written June 2, 2008. Home Sales volume and home sales activity is UP in Walnut Creek CA! There are currently 59 single family detached homes pending sale in Walnut Creek CA. The pending home prices range from $499,900 to $2,495,000, with an average asking price of $861,650.   The May 2008 median home price in Walnut Creek was $439,500 for attached homes including duets, patio homes, c...
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By Vickie Nagy, Vickie Jean the Palm Springs Condo Queen
(Coldwell Banker Residential Real Estate)
The May 2008 the median home price in Rossmoor of Walnut Creek was $273,000 for attached homes including duets, condos and town houses. There were 36 attached units sold, the highest priced unit sold for $700,000, and the lowest price unit sold for $109,500. The average selling price of attached homes for May 2008 in Rossmoor of Walnut Creek California was $285,031. Your Rossmoor in Walnut Creek  CA real estate market update written June 2, 2008. Home Sales volume and home sales activity is UP in Rossmoor in Walnut Creek CA! There are currently 48 attached homes pending sale in Rossmoor Walnut Creek CA. The pending home prices range from $99,000 to $1,175,000, with an average asking price of $393,389.   Sales of detached single family homes in Rossmoor of Walnut Creek CA, an active adul...
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By Nate Ellis, "Mr Danke Schoen"
(HomeWay.tv - Keller Williams Realty East Bay 925-337-8489)
  Down Payment Dreams – Walnut Creek, CA 2008 May 30th The City of Walnut Creek in Contra Costa County , California is the economic center of the Diablo Valley. With premier shopping and first rate dinning Walnut Creek has something for everyone. Your home search stops here. Take a look at some of these deals you can take advantage of today. View homes in other Contra Costa County Cities or Call Nate 888-808-6283 Price City Bed Bath ½ Bath Psbl Ast 0 Down Mo Pmt Address Brokerage Listed By     $199,980 WALNUT CREEK 1 1 0 $60,494 $1,251 320 N CIVIC DR Windermere Lynne French & Asso Inge Yarborough Get Down Payment Show Me The Home $209,900 WALNUT CREEK 1 1 0 $63,495 $1,362 310 N CIVIC DRIVE J. Rockcliff Realtors Inc. Chris Curtis Get Down Payment Show Me The Home $210,000 WALNUT CREEK 1 ...
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By Mike Mueller
(Tech and Social Media Consultant)
Entitled...   Attention Home Buyers: Lock in Your Rate That headline grabbed my attention - I'm sure it did you. Brett Arends makes some very good points in the article.   As you might guess he sees rates going higher, much higher, sooner rather than later. Where have I heard that before? Oh yeah.  My Twitter Feed for Bay Area Mortgage! Seriously, there are some very serious events on the horizon that can and will have serious implications to long term interest rates.  Be prepared. Get a Up to the minute Mortgage Rates Report via Twitter Check out "The Foreclosure Report" (It's help for homeowners in trouble!)
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By Mike Mueller
(Tech and Social Media Consultant)
Bait and Switch Victims   Everyday there is at least one email or phone call from someone who is a victim of bait and switch on their mortgage. This may come as a surprise to you but I'm okay with the occasional complaint about a loan officer's incompetence screwing up someone's mortgage. I'm okay with the occasional complaint about loan officer greed and overcharging. In both instances the borrower had the ability to determine who and what they are dealing with and fix the situation. I'm not okay with the Bait and Switch business model so many mortgage originators are using out there. WHY? Because to the borrower, it's so very hard to see the Bait and Switch coming before it's too late. We, in the business can see it a mile away. To the poor unknowing borrower, these scam artists look ...
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By Terrylynn Fisher, HAFA Certified, EcoBroker, CRS, CSP Realtor, Etc.
(Dudum Real Estate Group - BuyStageSell.com)
   Depending on your area, luxury homes can be defined as the top 10% of the price range says the Institute of Luxury Home Marketing.  What makes a luxury home staging different? Well for sellers who understand merchandising and embrace the value that staging has to merchandise their residential real estate investment, the payoffs are maximizing sale price and minimizing time on the market.  The higher the education and buying power, the more experience the luxury home client has in working with these concepts. The luxury home market is generally less affected by downturns in the market as far as pricing, but time on the market is generally longer as there are fewer buyers who can afford the luxury home.  As a luxury home comes on the market, the importance of home staging is increased ...
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By Vickie Nagy, Vickie Jean the Palm Springs Condo Queen
(Coldwell Banker Residential Real Estate)
Home Sales volume is UP in Walnut Creek CA!* There are currently 55 single family detached homes pending sale in Walnut Creek CA. The pending home prices range from $499,900 to $2,495,000, with an average asking price of $960,729. Your Walnut Creek California real estate market update written May 10, 2008   Statistics show the Walnut Creek CA real estate market for single family homes has hit bottom and turned. The Contra Costa County home sales data is posted monthly and includes units sold and average price and is posted separately for detached single family homes and attached homes (duets, condos and townhomes)  There are currently 58 single family detached homes under contingency contract or pending sale in Walnut Creek CA. That's a huge increase over the number of homes sold in Apr...
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