Home Selling in Walnut Creek>Question Details

Larry F, Home Buyer in Walnut Creek, CA

Selling my 4, 2.5 in WC and buying a like size house newer house in Concord. Price difference expected?

Asked by Larry F, Walnut Creek, CA Mon Mar 10, 2008

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Hi Larry,

Have you considered Clayton?

As a resident, I can tell you that is a great little community with our own Art & WIne Festival, Pumpkin Farm, Octoberfest, City Park w/concerts and much more.

The golf course at Oakhurst is one of the most affordable in the country.

You will get a lot more house here than Walnut Creek and can still be in an upscale safe neighborhood.

If you send me your email address I will email you some homes by the golf course and other areas of Clayton.
0 votes Thank Flag Link Thu Nov 6, 2008
Larry here's a couple of raw numbers that answer your question, but may not be relevant.
The average 4/2 sold since 8/1/08 in Walnut Creek was $797,717. In Concord it was $335,372 (the highest in Concord was $435,000.

But, as others have answered, that is so dependent on neighborhood, so these may not be relevant. I'd be happy to show you homes in a variety of neighborhoods in Concord, and also to give you a Competitive Market Analysis on your present home that would give you an idea of what it might really sell for.

Click on my face and we'll get together.
0 votes Thank Flag Link Thu Nov 6, 2008
Larry, I am curious as to your move to Concord from Walnut Creek? Especially in terms of house size etc it would be considered a lateral move. True, depending on the area and school district you can easily save a bundle. Make sure you are looking at long term and not short term. Will you have considerable savings on monthly mortgage and than is what you are seeking? Price difference now may seem attractive...Depending on how long you would be residing in your new home may become a negative factor...I am sure your agent has sat down with you as to the pros and cons of such. If you have a CPA ,I would have them crunch numbers to give you the exact value and numbers of savings etc and then make your choice to sell your present home and move to Concord.
Web Reference: http://www.apr.com/tosburn
0 votes Thank Flag Link Tue Apr 8, 2008
Depending on where you relocate in Concord and where you live in WC would determine your outcome. As I'm sure you know, School districts come into play here and some parts of WC go to Ygnacio Valley High, these homes, while located in WC and commanding WC prices they do not reward the homeowner. In some parts of Concord such as the neighborhood I live in go to Northgate High in WC. so it depends on subtle nuances as described above. Overall I would say the same home in a neighborhood next door to each other but going to different schools would be about $80-150k (definitely a guess and depends on condition) but I have seen similar homes in the woodlands and the palms two neighborhoods next to each other one in WC one in Concord separated by the canal and I always said there was a basic 100k difference.
0 votes Thank Flag Link Mon Mar 10, 2008
Larry - depending on locations, you may be able to make the deal of a lifetime. Concord is suffering much more than WC on the average. Request our reports on each area by using the link below.
0 votes Thank Flag Link Mon Mar 10, 2008
Yes, but the difference is location. Walnut Creek is so much more desirable than Concord overall due to neighborhoods and school systems. Is getting a new home your ONLY reason to sell and move to Concord or are there other issues?
0 votes Thank Flag Link Mon Mar 10, 2008
Larry-
You will generally see a 10-15% price difference based on exact locations, schools and specific parameters of the houses involved. There is a much larger supply of inventory in Concord so the price differential has been expanding over the past 18 months. There are also significant differences as to neighborhoods-- Crystal Ranch, located in Concord, is a Northgate High School neighborhood which is a strong selling point but there happens to be a large inventory there.
Web Reference: http://www.apr.com/dougm
0 votes Thank Flag Link Mon Mar 10, 2008
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