“May, more than any other month of the year, wants us to feel most alive.” — Fennel Hudson
April has officially come to a close, so we have provided you with an update on the Diablo Valley market.
Please also scroll down and check out our available inventory.
I’m always available to assist you with any questions, so please do not hesitate to reach out to me.
See you soon,
Joujou
4/1/23 – 4/30/23
Among the cities in the Diablo Valley, Walnut Creek was the city that saw the most sales during April (97). This was likely influenced by the area’s affordability, as the area experienced the lowest average sales price ($832K) among all the cities in the Diablo Valley.
Pleasant Hill also experienced positive activity, tracking with an average of only 11 days on the market and an average of 106% of the list price sold. The area only saw 33 new homes enter the market in April, likely suggesting that a lower level of inventory and potentially high demand from buyers drove these results.
Danville had 52 homes sold last month, which tracked behind only Walnut Creek in terms of closed sales. With a higher volume of sales in the Diablo Valley, Danville experienced an average day on the market of only 13 days and an average of 101% of the list price sold.
Market Watch
REAL ESTATE IN THE NEWS
Jokes About Millennial Homeowners Can Stop Now
“In what is being described as a historic shift, the millennial generation is now made up of more homeowners than renters, according to new data released by RentCafe. After years of being known as the “renter generation,” millennials tipped the scale, largely due to the 7 million people in the generation who bought homes in the last five years, bringing the total percentage of millennial homeowners up to 52%. Now, according to the data, Gen Z, who range from 11 to 25 years old according to Pew Research, is the only age group made up of a majority of renters.” - Courtesy of Architectural Digest
LIFESTYLE TIPS AND TRICKS
Ready to Remodel? Here Are The Home Projects That Will Get You The Best Return On Your Investment
Even when they don’t buy a fixer-upper, most people will end up doing some amount of repairs on a new home. About 95% of homeowners said they plan to take on a major home improvement project in the next five years, according to a recent report by Real Estate Witch. However, only 50% said they can afford it at the moment. - Courtesy of CNBC
Backyards Are The Must-Have Home Feature for 2023
A new report from Zillow names the backyard a must-have feature in the eyes of home-buyers. - Courtesy of Better Homes & Gardens
25 Top Interior Design Trends for 2023
If you’ve been searching for the right opportunity to add more style, vigor, and comfort to your space, you’ll appreciate this list. - Courtesy of Good Housekeeping
What Is A Starter Home?
For many buyers, that first home—the starter home—marks a turning point in their lives where they stop paying rent and start investing in a property that can help build generational wealth over time. - Courtesy of Better Homes & Gardens
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If you install a security camera, your home is 300% safer from break-ins than a home without a camera. Criminals don’t want to be watched or this is one of the major reasons they are so effective. Ring has partnered with over 2,000 police departments across the US allowing police to request access to customers’ video footage to help in investigations. (ADT)
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Here are the nine priciest U.S. states for starting a small business, according to SimplifyLLC’s ranking: Minnesota, New York, Louisiana, Alabama, Alaska, Wisconsin, West Virginia, Nebraska, and Kansas. It’s not all bad news for Minnesota: The state has a large labor force from which business owners hire, ranking first among all states with a labor force participation rate of 81.6%, based on U.S. Census Bureau data. seven best large U.S. cities for starting a small business in 2023, according to WalletHub’s rankings:
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Here are the nine priciest U.S. states for starting a small business, according to SimplifyLLC’s ranking: Orlando, Florida; Jacksonville, Florida; Miami, Florida; Tampa, Florida; Durham, North Carolina; Boise, Idaho; Atlanta, Georgia (CNBC)
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The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.55% from 6.43%. Mortgage applications to buy a home, which had dropped the week before, rose 5% last week. Applications to refinance a home loan increased 2% last week from the previous week and were 51% lower than the same week a year ago. (CNBC)
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The matrix of fees based on credit score and down payment has been updated: With a top credit score, the fees are still notably less than if you have a low credit score, but the penalty now for a lower credit score will be smaller than it was before May 1. Someone with a 659 credit score borrowing 75% of the home’s value, will pay a fee equal to 1.5% of the loan balance (before you’d pay a 2.75% fee). With a high score of 740 or higher, you’d have paid a 0.25% fee on a loan for 75% of your home value before May 1. After May 1 you could pay as much as 0.375%, a notable increase yet still significantly (4X) lower than lower score buyers. (Yahoo Finance)
COMPASS Catch
3 Bed | 3.5 Bath | $7,799,000 | Denise Paulson and Joseph Gonsalves
Sunrise to Sunset, this penthouse boasts two balconies to enjoy downtown city lights and serene water views. Modern living meets the standard of design. A celebration of luxury, cutting-edge in an amenity building in South Beach.
4 Bed | 4 Bath | 2 Half Bath | $20,000,000 | Joe Belz
This iconic French Colonial-inspired estate is built on an oversized homesite, with an exterior covered with imported Italian marble. This architectural masterpiece includes an oversized gourmet kitchen with three islands and a large living room designed for entertaining. The covered outdoor living area includes a kitchen, fireplace, and roll-down shutters which open to a lap pool surrounded by a large lawn and lush landscaping. Enjoy the rooftop terrace providing gulf views and the stunning sunsets that Naples is famous for.
5 Bed | 5 Bath | $2,100,000 | Leslie-Ann Yokouchi
This beautiful home sits gracefully on an expansive lot. Creatively designed and constructed with four spacious en suites and plenty of room for entertaining, work, play, study, and lounging. Find unparalleled attention to detail in this residential masterpiece with a spacious eat-in kitchen and plentiful storage.
201 S. Ridge Ct., Blackhawk | Offered at $4,998,800
6 BD | 5.5 BA | 6342 SF | 0.84 AC
MAIN HOUSE – 5 BD | 4.5 BA | 5,423 SF
GUEST/POOL HOUSE – 1 BD | 1 BA | 918 SF
8 Mapleglen Ct., Danville | Offered at $2,698,800
4 BD | 4 Full + 2 Half BA | 5,141 SF | 0.39 AC
195 Chanticleer Ln., Alamo | Price Improvement: $6,748,800 | 195chanticleerln.com
9 bd | 8.5 ba | 8903 sf | 7.81 ac
MAIN HOUSE – 7 bd | 6.5 ba | 7253 sf
POOL HOUSE – 1 bd | 1 ba | 550 sf
GUEST HOUSE – 1 bd | 1 ba | 1100 sf
176 Diablo Ranch Ct., Danville | Offered at $3,198,000
5 bd | 4.5 ba | 4059 sf | 0.60 ac
654 Candleberry Rd., Walnut Creek | Offered at $1,698,800
4 bd | 2 ba | 1866 sf | 0.20 ac
0 Highland Road | Pleasanton | Offered at $2,200,000
279.72 Acres! | Endless Opportunity!
5642 Evolene St., Danville | Just Listed and Already Pending!
Offered at $1,698,800
3 bd | 2 ba | 2100 sf | 0.16 ac
112 Turanian Ct., Danville | Price Improvement: $3,448,800
4 bd | 4.5 ba | 4862 sf | 0.35 ac
“You have to remember to be thankful. But in May, one simply can’t help being thankful that they are alive, if for nothing else.” – Lucy Maud Montgomery
