Another Sunset Park Listing

I recently sold 1924 Pomar in this complex.  Up until this time the market was lagging and the few sales were closing in the low to mid $300,000.  As Spring sprung, inventory was extremely tight and Pomar had 9 offers and closed for $420,000 the winning bid removed their appraisal contingency.  With prices on the upswing, Sunset Park has seen a handful of new listings and prices continue to rise (although as more hit the market I am sensing some stabilization).

Please stop by for my Twilight Open April 18th for Wine & Cheese from 5-7 pm or Sat. 2-4 pm & Sun 1-4 pm Open Houses

Close to shopping, Iron Horse Trail, Heather Farms Park, Freeway access & Bart!!!

Updated Kitchen

Kitchen

Cozy Dining Area

dining

 

Bright & Sunny Patio

Patio

 

Fountain Head – Art In Walnut Creek

 

 

The Artist:  Seyed Alavi – His works are degined to encourage viewers to question the poetic role space plays in our daily lives.  He created Fountain Head, which is located in front of Mechanics Bank on the corner of Main & Duncan Street.

 

Fountainheadside

 

Alavi wanted to create work that would offer a playful and evocative focal point, as well as a gateway for Main Street, which once used to be known as Four Corners at Main & Mt. Diablo.  Fountain Head is a commentary on the role of the fountain itself.  Historically, fountains have been at the center of community life, providing critical agricultural and social sustenance.   Alvai became intrigued by the overlapping notion that both the human head as well as the fountain have been considered sources of wisdom and life in western and eastern cosmologies.  Alvai decided to place the water spout at the skull’s apex bringing together the concepts of birth, rebirth, wisdom, and community.

FountainHeadflowers

 

I also like how the city has incorporated flowers and a peaceful place to sit.  What are your thoughts on this piece of art?

165 Twin Peaks for Lease

This house is for rent, offered at $9,950 per month.  Ideal for the A’s baseball player or Oakland Raider football player!

It includes a 4 car garage, 6127 sq. ft. 5 bedrooms & 4.5 baths overlooking Walnut Creek and amazing views of Mt. Diablo, especially from the infinity pool.  For those of you who live in the neighborhood, this home during construction burned down twice within two years.  I will never forget waking to noises at 5:30 am on a Saturday morning in July day of a Dewing Park swim meet.  Embers were floating down the hill onto roof tops and everyone was out watching and watering down their roof tops.  A year later appx. the same weekend, it was torched again.  The Police never found the arsonist, however once it was completed, it was left alone.

TwinPeaksrental

Ideas for your Bathroom Vanities!

Not the most sexy of remodeling, but an important item to consider. I have the ugliest vanity it my second bathroom, but need space to set my make-up, curling iron & blow dryer as I get ready in the morning…time to gather ideas to make a change in 2013!  The faux marble has burn marks from my curling iron and a candle which caught the decorative holder on fire!

 

VanityHome

Parkmead Community Traffic Meeting

Please come and share your thoughts.

 

The traffic meeting is Wednesday April 10 from 7-9 pm at Parkmead Elementary School.


Contra Costa County, specifically our new Supervisor, Candace Andersen, has engaged us to hold a community meeting regarding traffic safety issues in the Parkmead area. Representatives from the County and City traffic engineering departments will be present as well as representatives from the California Highway Patrol (responsible for County traffic issues) and the Walnut Creek Police.

Some of the issues raised by neighbors include:
-Cars speeding and not stopping at stop signs
-Concern for Parkmead children walking to and from the school on the Newell pathway as well as along Lilac
-Bicyclists not stopping at stop signs
-Residents being blocked into their driveways due to traffic congestion
-Cut through traffic from downtown (Kaiser, Rossmoor)

More details and a reminder will be posted here as the meeting gets closer. The Parkmead Community Association will also send email to those on its list and keep our website www.parkmead.org and Facebook current. This is a unique opportunity to learn about County and City programs and to ask questions, make suggestions and express opinions.

Mark your calendars and please plan to attend.

Pete Johnson
City and County Liaison
Parkmead Community Association

More Equity Sales


House for Sale

CoreLogic Reports 200,000 More Residential Properties Return to Positive Equity in Fourth Quarter of 2012

March 19, 2013, Irvine, Calif. –

––10.4 Million Residential Properties with a Mortgage Still in Negative Equity––

CoreLogic® (NYSE: CLGX), a leading provider of information, analytics and business services, today released new analysis showing approximately 200,000 more residential properties returned to a state of positive equity during the fourth quarter of 2012. This brings the total number of properties that moved from negative to positive equity in 2012 to 1.7 million and the number of mortgaged residential properties with equity to 38.1 million. The analysis also shows that 10.4 million, or 21.5 percent of all residential properties with a mortgage, were still in negative equity at the end of the fourth quarter of 2012. This figure is down from 10.6 million* properties, or 22 percent, at the end of the third quarter of 2012.

Negative equity, often referred to as “underwater” or “upside down,” means that borrowers owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in value, an increase in mortgage debt or a combination of both.

The national aggregate value of negative equity decreased $42 billion to $628 billion at the end of the fourth quarter from $670 billion at the end of the third quarter in 2012. This decrease was driven in large part by an improvement in home prices.

Of the 38.1 million residential properties with positive equity, 11.3 million have less than 20 percent equity. Borrowers with less than 20 percent equity, referred to as “under-equitied,” may have a more difficult time obtaining new financing for their homes due to underwriting constraints. At the end of the fourth quarter, 2.3 million residential properties had less than 5 percent equity, referred to as near-negative equity. Properties that are near negative equity are at risk should home prices fall. Under-equitied mortgages accounted for 23.2 percent of all residential properties with a mortgage nationwide in the fourth quarter of 2012. The average amount of equity for all properties with a mortgage is 31 percent.

“In the fourth quarter we again saw an improvement in the equity position of households,” said Dr. Mark Fleming, chief economist for CoreLogic. “Housing market improvements, particularly in the hardest hit states, are the catalyst for households to regain equity and become participants in 2013’s housing market.”

“The scourge of negative equity continues to recede across the country. There is certainly more to do but with fewer borrowers underwater, the fundamentals underpinning the housing market will continue to strengthen,” said Anand Nallathambi, president and CEO of CoreLogic. “The trend toward more homeowners moving back into positive equity territory should continue in 2013.”

Highlights as of Q4 2012:

  • Nevada had the highest percentage of mortgaged properties in negative equity at 52.4 percent, followed by Florida (40.2 percent), Arizona (34.9 percent), Georgia (33.8 percent) and Michigan (31.9 percent). These top five states combined account for 32.7 percent of negative equity in the U.S.
  • Of the largest 25 metropolitan areas, Tampa-St. Petersburg-Clearwater, Fla. had the highest percentage of mortgaged properties in negative equity at 44.1 percent, followed by Miami-Miami Beach-Kendall, Fla. (40.7 percent), Atlanta-Sandy Springs-Marietta, Ga. (38.1 percent), Phoenix-Mesa-Glendale, Ariz. (36.6 percent), and Riverside-San Bernardino-Ontario, Calif. (35.7 percent).
  • Of the total $628 billion in negative equity, first liens without home equity loans accounted for $313 billion aggregate negative equity, while first liens with home equity loans accounted for $315 billion.
  • 6.5 million upside-down borrowers hold first liens without home equity loans. The average mortgage balance for this group of borrowers is $213,000. The average underwater amount is $45,000.
  • 3.9 million upside-down borrowers hold both first and second liens. The average mortgage balance for this group of borrowers is $296,000.The average underwater amount is $80,000.
  • The bulk of home equity for mortgaged properties is concentrated at the high end of the housing market. For example, 86 percent of homes valued at greater than $200,000 have equity compared with 72 percent of homes valued at less than $200,000.

*Third Quarter 2012 data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.

The full press release with additional charts is available here.

The full Equity Report with additional charts is available: CoreLogic Q4 2012 Equity Report.

 

Military Shoeboxes – Company Giving Day!

On Saturday March 2nd many gathered to put together Shoeboxes full of items soldiers in Afghanistan could use.

givingdayboxes

Goodies included toilet paper, books & magazines, a deck of cards, energy bars, drink mixes and baby wipes and of course loving notes of encouragement.

kristin writing

I door knocked my neighborhood and received many donations, in addition items from a few FaceBook Friends. Thank you to all!
Group Hug of Volunteers!

grouphug

Art in Walnut Creek

From time to time, I will post various art I find in and around Walnut Creek.  Here is a very cool sculpture I often pass when when I am walking the dog.  I do not know the name of it, if somebody knows, please comment, I would love to know.  This art sits at the entrance  of Doris Eaton private elementary school, which shares a campus with Parkmead Elementary School and at one time was the local middle school.
Statue Doris Eaton

 

When the kids are not in school, I take Bodie (picture below, my beloved Weimaraner) to run around the school field.  It is great for a quick walk that gives him some good exercise and I get to pass by this great piece of art work!


BodieF