Hello Joeinca,

Whether something is good or bad is subjective. I challenge you to define for yourself what good real estate is and what 'not-good' real estate investment is. Joking aside, location, location, location, Alamo Creek is a very nice area. Great new schools and low HOA. One of the communities there called Willow features county sponsored affordable housing. There is quite a bit of turn-over in the area by Danville standards; if you are looking for a short sale or REO, you just might find one there. I have hosted a few open houses there and I have noticed that most of the homes are mammoth in comparison to the lot size, of course this is becoming a norm these days...."Work, work, work, no time to mow." If you work in San Ramon, it would be a really nice commute to Bishop Ranch. You could also do Walnut Creek or Pleasanton. Aside from those factors, I am including a link to the most recent market activity report that you can review. On this report, the number of homes pending in Danville is up 200% year over year from Oct-2008 and prices down 26% for single family detached.

Best regards and much real estate success to you.

Arturo C. Shivers, Realtor
CA DRE Lic. #01779941
Keller Williams Realty
760 Camino Ramon, Suite 200
Danville, CA 94526
Office: (925) 855-8333 Ext 272

Hi Joeinca,

I think anywhere within the San Ramon Valley is good. There are many homes yet to be built but this is such a desireable area and in spite of the economic conditions regarding employment, I still find alot of people trying to buy here.
Please gve me a call if you need any help.

Regards,
Bob Gibbs
(925) 984-3992

Thanks for your reply Bob. We are looking to purchase a home as our residence and settle in for a number of years. My question was trying to invest in a home in which we could earn equity over the years. I was concerned buying in this area because of the large number of homes that Shapell has yet to build, Wendt Ranch and Lennar's community?
Joeinca

Hello Joeinca,

Most areas have experienced a significant reduction in price so prices are very good right now. In terms of investment you really have to decide what type of investor you are. Our you are planning on living in the home and waiting for it to appreciate? Do you intend on leasing the home? Are you planning any capital improvements, if it is a new home you need to consider window treatments and landscaping at a minimum. You really need to answer these questions first. However, while I dont know your strategy I will say this, homes in the entire San Ramon Valley due tend to appreciate nicely and are usually slower to lose value. It is a wonderful place to live with quality schools, a great climate, and a location desireable to inbound transfers. Hope this helps.

Regards,
Bob