What’s New?
Existing-home unit sales activity lagged in June with single-family home sales falling 1.5%, to 4.69 million units, and 1.7% year-over year. Single-family new-home unit sales grew 7% to 646,000 units. Single-family housing starts rose 3.6%. Total unit sales are up 4.5% year-over-year. (Federal Reserve) 16% of Gen Xers (born 1965 - 1979) and 15% of younger boomers (born 1955 - 1964) bought a multigenerational home between July 2017 and June 2018. 12% of all buyers bought multigenerational homes, which are defined by the U.S. Census Bureau as properties that house more than two generations of adults under one roof or grandparents living with grandchildren under the age of 25. (Inman)
What’s New?
About 10.6% of homes sold in the U.S. in the 4th quarter of 2018 were flips - owned for less than two years - near the level of the 1st quarter of 2006, when 11.3% of homes sold were flips, and the highest 4th-quarter level in the two decades since CoreLogic started tracking the data. The trades are more than twice as profitable as the flips made in 2006, offering current flippers more of a cushion if home prices begin to flatten or fall. (WSJ)
What’s New?
Federal Reserve officials signaled greater conviction at their meeting last month that they wouldn’t need to change interest rates this year. Low interest rates are generally GREAT for real estate markets. (WSJ)
What’s New?
What was the #1 "How to save for" most Googled question in the past year? Answer: "How to save for.....a HOUSE!" (Marketwatch)
LOCAL CINCO DE MAYO EVENTS
Cinco de Mustache
Sunday May 5th, 1:00 – 4:00 PM Norms Place 356 Hartz Ave, Danville
Don’t forget to dress festive; wear your Sombreros and grow your mustaches now. Prize for the Best Mustache!
Fiesta Cinco de Mayo Sunday Mayo 5th, 5:00 – 7:00 PM Gardens at Heather Farm, Walnut Creek
Featuring live performances by the amazing Mariachi Mi Mexico and an array of tasty, Mexican-inspired foods!
FEATURED PROPERTIES
21 Emmons Canyon Court, Alamo, CA 94507
5 Bed | 5 Bath | $3,500,000 | Compass Listing
21 Emmons Canyon Court has picture perfect views of rolling hills. Approximately .45 acres, 5 bed, 5 bath home over 6100 sq ft, with custom design elements throughout. Spacious and bright living room with boxed ceiling, fireplace & arched window. Chef’s kitchen has grand island, stainless appliances and abundant cabinetry. Family room with fireplace, wood-beamed ceiling. Media center is ideal for movie night. Amazing “party” room is a game-changer-just imagine the fun gatherings in this room! Outside you will find a pool, spa, bocce court, kitchen and multi areas for entertaining surrounded by rolling hills and open space. Private, tranquil, and one-of-a kind views.
3184 Lucas Drive, Lafayette, CA 94549
4 Bed | 3.5 Bath | $2,495,000 | Compass Listing
Rare opportunity to buy newer construction in beloved Burton Valley. Built in 2016 by Springhill Homes, this four bedroom plus office (easily converted to a fifth bedroom) has the most thoughtful family friendly floor plan with three bedrooms located on master suite wing and private guest quarters with separate entrance. Dream open kitchen with over-sized island, built in wine fridge, stainless steel appliances and endless storage space that flows seamlessly into over-sized family room with vaulted ceilings. Large dining area that naturally embraces casual and formal entertaining. Designed to celebrate California living at it's finest, all living, cooking and dining spaces look out onto a flat manicured back yard.
1910 Beacon Ridge Ct, Walnut Creek, CA 94597
3 Bed | 2.5 Bath | $1,150,000 | Compass Listing
The absolute best Beacon Ridge has to offer, this is a must see for discriminating buyers. This gorgeous, light filled, end unit townhome with vaulted ceilings and a sunny backyard has been extensively remodeled with high end finishes and upgrades: Tulip white oak flooring, marble and stainless steel kitchen, designer lighting, luxurious master bath with jetted tub, double sink, glass enclosed shower and dressing area plus energy efficient upgrades such as the tankless water heater, two recently upgraded HVAC systems and LED lighting. Located in the gated Beacon Ridge community and is just steps from the community tennis courts, pool and regional park hiking trails and open space. Minutes from downtown Lafayette, Walnut Creek and Pleasant Hill.
2833 Vallejo Street, San Francisco, CA 94123
4 Bed | 6.5 Bath | $19,000,000 | Compass Listing
Breathtaking views! Unapologetically modern design by Edmonds + Lee architects. 2833 Vallejo is an elegant, tech savvy home with views of the Golden Gate Bridge, Palace of Fine Arts and Alcatraz on one of San Francisco's most desirable blocks. Refined material palette includes Belgian Ash paneling, wide-plank white oak floors, custom Boffi cabinetry, Carrera marble and Arakawa art hanging system. Simplify Home Technology for 21st Century living. The rooftop deck crowns 2833 Vallejo with amazing views of San Francisco's iconic landmarks. Usable living green roof over the 4 car garage plus 2 private patios plus an elevator. There is also a recreation/gym, media room, and temperature control wine room.
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Compass is a licensed real estate broker (01991628) in the State of California and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.