Open House at 407 Midway Pl. (Martinez) this weekend!

Come check out 407 Midway Place in Martinez this weekend for a home with great curb appeal! It’s situated on a cozy court and has a large, flat backyard with redwoods scattered throughout with enough space for a pool if so desired! An entertainer’s delight with plenty of privacy, good shade and stone retaining walls with landscaping, and a basement area with water that can be built for an outdoor bathroom.
In total, it is a 4-bed, 2.5-bath with vaulted ceilings, multiple decks, a formal dining room and a kitchen-family room open-concept combination. The master bathroom is delightfully decadent, and the half-bath upstairs also draws high praise.
 The home contains triple-pane windows, and welcomes in lots of light. An Owens Corning roof, new rain gutters, a high-efficiency water heater, and exterior paint creates the charming curb appeal. The landscaping in the front and side yards were re-done in 2014, and solar panels with a 20-year lease were added that year, too.
The aforementioned master bathroom was remodeled as recently as 2015, and an entertainment system with surround sound was added to the family room in 2016. The pictures, beautiful as they are, do not do this place justice. You have to swing by and check it out for yourself. You will be amazed!
The Open House will be held from 1-4 p.m. this weekend, on both Saturday, Mar. 10th and Sunday, Mar. 11th.

Let’s talk about Millennials and Real Estate

My sons are Millennials. My Walnut Creek Lifestyle freelance writer is a Millennial. More and more of my clients and colleagues are Millennials, as that generation continues to age into home-buyers.

So, realtors like myself are starting to notice more trends with the market geared toward that age group. It’s a different real estate market for Millennials than it was for their parents – nowadays, they are graduating with huge student loan debts, having trouble finding lucrative work out of college, and then struggling to pay sky-high rents and mortgages once they do get jobs.

That said, Millennials are driving the real estate market right now, which has made the following observations more obvious.

From San Francisco realtor John Solaegui:

  • There is a low inventory of single-family homes in San Francisco
  • Millennial buyers don’t care about parking spaces (though this might be more prevalent in San Francisco – it’s contradicted by the graphic above!) with the rise of ridesharing apps – they’d prefer having decks or gardens for outdoor entertaining
  • Areas like Noe Valley, Glen Park, Bernal Heights and The Sunset in San Francisco are extremely popular with Millennial buyers right now

From the California Association of Realtors’ REALTOR Magazine:

  • Millennials are cashing in on equity at a historic rate, thanks to rising home prices
  • One-third of Millennials say they are considering applying for a HELOC (home equity line of credit) in the next 18 months – much more than Gen-X or Baby Boomers
  • HELOC’s are popular with Millennials because they can consolidate debt and afford home remodels with them

I think this is an interesting trend in our market. Home prices are high, but so are the debts and loans owed by Millennials, so we’re seeing more and more interest in new ways around that issue. And even more interestingly, Millennials are changing the way we market homes – who cares about parking when you don’t have a car, right?