For anyone who don't know where this project will be, check out the link below.
I own a condo in Crestview and was very upset with the recent auctions at Crestview that brought down the near by condo valuation to 20% down from last year prices. Although I feel positive about the future. What you all think?
Thanks for all your input you fine ladies and gentlemen.
There's been some talk of another exit ramp off the 680, which I can't imagine given the proximity of the two existing. (Bollinger & Crow Canyon.) Even if it were possible, would it still avoid traffic congestion in our idyllic community?
As an investor, I am thinking of purchasing 1 & 2 BR condos for investment...afterall, the staff of this new center will need somwewhere to live!
I live in Canyon Hills and my home will overlook the new City Center - which will not be a bad thing. I just can't imagine my "commute" from Bishop ranch to my home (a mile away!) with the added traffic.
That being said, none of us have a crystal ball. It could have a huge positive effect on housing prices. I'm keeping my fingers crossed!
These older houses in need of upgrading have large lots that can handle an addition of another 1000-1400 square feet and still leave you with a nice yard. They are close to good schools, will be close to the City Center and you can access the freeways without having to go through or around Bishop Ranch.
See the link below for our article
Thanks for asking an astute question. Although we are unable as real estate agents to provide a professional opinion as to the future value of a property (it's unethical as we really can't know for sure), I will share some insight on future conditions and how it relates.
I ALREADY have buyers that are looking to purchase close to the new city center. These are people who want the comfortable lifestyle of the idyllic neighborhoods iike NewCastle in San Ramon, but want to be able to walk to urban areas offering shopping, dining and events.
When it comes to actual valuation, west side Danville properties are generally higher priced, escpecially when they are within walking distance to downtown Danville. Ditto, Alamo. The indicators are there to say those homes in closest proximity have the potential to increase the most.
That being said, San Ramon as a whole should benefit. We have awesome schools, but are missing the character of a city by our lack of an urban center. Our city planners have been working diligently to come up with the right mix of buildings and magnet businesses. Once our urban area is up and running, San Ramon will have it all...jobs (think 9 million square feet of offices in Bishop Ranch), great schools and an identity!
My personal opinion is that the effect will begin to be felt as soon as there is some development to be seen there. Until then, many believe it will never happen.