EAST BAY MARKET REPORT
APRIL 2024
K H R I S T A J A R V I S T E A M
ALAMO MARKET ANALYSIS
SINGLE FAMILY HOMES YEAR OVER YEAR
BLACKHAWK MARKET ANALYSIS
SINGLE FAMILY HOMES YEAR OVER YEAR
SOLD AVERAGES
$3,000,000
$9,500,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
APPROXIMATE
VALUE
MARKET
SOLD AVERAGES ACTIVE LISTINGS NUMBER OF SALES DAYS ON MARKET SALES PRICE / LIST PRICE RATIO 80% 0% -28% 4.3% April2023 April2024 MedianSalesPrice AverageSalesPrice $0
$2,000,000 $2,500,000 $3,000,000 $3,500,000
$500,000 $1,000,000 $1,500,000
ACTIVE LISTINGS NUMBER OF SALES 100% 120% -82% -1.2% DAYS ON
SALES PRICE
LIST PRICE RATIO
April2023
MedianSalesPrice AverageSalesPrice $0
MARKET
/
April2024
$500,000
DANVILLE & DIABLO MARKET
ANALYSIS
SINGLE FAMILY HOMES YEAR OVER YEAR
SAN RAMON MARKET ANALYSIS
SINGLE FAMILY HOMES YEAR
SOLD AVERAGES
SOLD AVERAGES ACTIVE LISTINGS NUMBER OF SALES DAYS ON MARKET SALES PRICE / LIST PRICE RATIO -1.5% 71% -50% 2% April2023 April2024 MedianSalesPrice AverageSalesPrice $0 $500,000
$1,500,000 $2,000,000 $2,500,000 ACTIVE LISTINGS DAYS ON MARKET SALES PRICE / LIST PRICE RATIO NUMBER OF SALES -23% 0% -40% 1.3% April2023 April2024 MedianSalesPrice AverageSalesPrice $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000
$1,000,000
OVER YEAR
LOCAL MARKET TRENDS
CONTRA COSTA COUNTY
DANVILLE IS RANKED THE SAFEST CITY IN CALIFORNIA
“The safest city in California is Danville. Located in the San Ramon Valley, Danville has a population of 43,582 and an extremely low crime rate that is 78% lower than the California average. Danville offers suburban living in the bay area, removed from some of the nearby urban areas. Danville offers excellent restaurants, coffee shops, and parks and has highlyrated public schools. With its tranquil vibe and excellent safety record, Danville is one of the best places to live in California for families.”
Source: PropertyclubNYC
245
4
|
Loft | 3 Bath | 3,590 Sqft. | 2.9 Acre Lot |
|
$3,875,000
Joseph Ln, Danville
Bed
Bonus
Pool
Gazebo
THINKING ABOUT BUYING A VACATION HOME?
Some Compelling Financial Reasons Why Now Could be the Time
In its 2022 Vacation Rental Buyer Report, Vacasa (a vacation home management company) reports that 55% of vacation home buyers do so because they want to generate income. Another 41% buy so they can sell it later at profit. Even though these reasons are about money rather than personal R&R, they definitely—with the popularity of services like Airbnb and VRBO, you have the option to rent out your vacation home to other travelers as often as you wish, for rates that will cover your mortgage and then some.
“Short term vacation rental property is the best financial investment of any kind of real estate,” says Gail Goodwin of Montana Bear Properties, who owns vacation rentals in Whitefish, Montana and St. John. “You’ll make more from a well-managed short-term vacation rental in the right location than you ever will from an equally valued property in a long-term residential or commercial market … (and) You can also enjoy staying there and sharing it with friends and family.”
Just like for your primary residence, you can deduct your vacation home’s mortgage interest and property taxes
“These deductions will benefit you significantly if you are inside a modest income tax bracket, bringing real dollars into your pockets,” says Gunner Davis, a real estate agent in Tampa, FL.
You may also be able to deduct other things, like depreciation and travel expenses to and from the property for upkeep. Keep in mind, though, that taxes are complicated and potentially confusing, so always ask a tax professional about what is best for your situation (there are lots of tax rules when it comes to vacation homes).
OUR IN-HOUSE RENO & GREATER TAHOE SPECIALIST CAN HELP FIND THE GETAWAY HOME YOU’VE BEEN DREAMING OF
Source: Forbes
LOCAL MARKET
QUESTIONS TO CONSIDER
1. Has your income or financial situation changed?
2. Have you considered any renovations?
3. Do you have any concerns about the current state of the market?
4 Are you interested in investment opportunities?
5. Have you outgrown your current neighborhood?
Wherever you currently stand, always remember that we ' re here for you as a local resource and want to help you through this significant life event Contact us today to receive a free home valuation.
Cheers,
The Khrista Jarvis Team
DRE# 01213582 (925) 309-0111 | www.khristajarvisteam.com
Source: Altos Research