As Labor Day arrives, we extend our warmest wishes to you and your loved ones. We hope this holiday provides you with a well-deserved break and a chance to relax, recharge, and spend quality time with family and friends.
It's challenging to keep track of all the things that impact Californians' homes and daily lives. That's why we strive to stay informed so that we can effectively advocate for you, our communities, and provide valuable guidance to individuals making real estate decisions.
Below we share information on the insurability for homes in California, shedding light on the factors that can influence insurance coverage.
Additionally, we take a closer look at the proposed PG&E "Income-Based Rate Hikes" and their potential implications.
Our aim is to empower you with information so that we can collectively advocate for our communities and families. We're committed to assisting those who are navigating the real estate market – whether it's buying, selling, or making informed decisions
for your home and for your future.
Have a fantastic Labor Day!
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Take Action Now: Sign the Petition for Fair Insurance Coverage!
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We want to bring your attention to an ongoing concern affecting the residential insurance market, particularly in areas identified as having a higher-than-average risk of wildfire.
We've encountered an increase in non-renewals, making it more challenging to find suitable insurance coverage in certain parts of California.
We want to address recent news of three major insurance companies have taken steps to limit their homeowner insurance offerings in California. We understand this may have implications for prospective buyers in our communities.
While we don't have the legal authority to dictate insurers' risk assessment or where they should provide coverage, we can monitor their decisions for consistency and fairness based on risk considerations, not biases.
Karl Susman, has been actively collaborating with state legislators on this matter has organized a petition we wanted to share with you.
Together, with the backing of concerned citizens like you and I, we can make a significant impact and urge for a solution that brings healthy competition back to the industry and fair insurance coverage.
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Your Income Will Soon Factor into Your Electricity Bill
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Most Californians are unaware that their personal income information is about to get factored into what they pay for electricity.
We want to share a presentation from February that outlines PG&E's progression towards "Income-Based Rate Hikes." We kindly request our community members to further circulate it among their acquaintances and loved ones.
The discussion delves into the broader context of California's energy challenges, emphasizing the need to address not only rates but also infrastructure improvements. With California experiencing wildfires and other issues tied to aging power lines, stakeholders are advocating for strategies that balance cost-effectiveness with safety.
The CPUC is currently evaluating the proposals, with the final changes expected to be implemented by 2025. As the debate continues, the focus remains on finding a solution that benefits all Californians, regardless of their income level, while addressing the complex interplay between rates, solar energy, and overall system sustainability.
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August 2023 National Real Estate Insights
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"Two factors are driving current sales activity - inventory availability and mortgage rates," said National Association of Realtors® Chief Economist Lawrence Yun...
"
Most homeowners continue to enjoy large wealth gains from recent years [of appreciation] with little concern about home price declines."
July's median price rose YoY, countering the previous decline trend. Second-home regions remain active in summer.
The fall selling season starts after Labor Day until Oct-Nov. Competition due to low inventory mainly drove the 2023 price rebound. The report covers home price trends, inventory, sales, days on market, cash purchases, foreign buyers, economic indicators, and demographics. National data for August sales expected in third Sept.
We're exceeding the industry average with remarkable results.
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Do you have your tickets yet for The Amazing Race Scavenger Hunt??
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Join us for an exciting event benefiting the Danville-Sycamore Rotary Club!
Experience a unique blend of adventure and brain-teasing challenges with our captivating scavenger hunt and puzzle extravaganza.
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What: Part scavenger hunt, part puzzle!
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When: Sunday, September 24, 9 AM - 1 PM PDT
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Where: The Danville Community Center
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Why: Have fun and connect with your local community as a participant or a sponsor.
Proceeds support local programs.
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Community Comes Together to Make a Lasting Impact through Successful Backpack Drive!
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The backpack drive may be over, but your impact is just beginning!
A huge shoutout to everyone who joined hands with The Burgess Team at Compass in supporting Vestia's mission of providing backpacks and supplies for students. Your donations have ignited a spark of hope and possibility in the young minds of our community as they step into their new school year.
Thank you for being a part of this meaningful initiative. 🙌
Let's continue to spread the message of empowerment and change, one backpack at a time. Together, we're shaping a brighter future for these deserving children.
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We appreciate they've called us the best agents they've ever worked with, even as they've relocated.
✨ Remember, the right realtor can make all the difference!
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Did you know Melanie's restaurant, Gianni’s Italian Bistro gives back to our local community every Monday evening? Join us this week!
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Just Listed: 556 Doane Street, San Lorenzo
3 Bedrooms | 1 Bath | 1
,680 SQ FT
Seize the opportunity to own this meticulously maintained 3-bed, 1-bath home.
This move-in ready gem comes with an attached garage for your convenience.
With its prime location near Bay Fair BART, you're seamlessly connected to everything.
Revel in the open-concept entertainer's dream that boasts a spacious great room, complete with a wood-burning fireplace and a built-in wet bar.
The updated kitchen shines with stainless steel appliances. Low maintenance front and backyard spaces add ease to your lifestyle. Enjoy the seamless elegance of synthetic wood flooring throughout.
Your chance to own this charming San Lorenzo home is right here, waiting for you!
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Get ready to explore two incredible upcoming properties that could be your next dream home.
In San Lorenzo, a wonderful home that is move-in ready and another with a newly renovated interior.
Looking for elegance? Our property in sought-after San Ramon offers upscale living with a touch of sophistication.
If you're considering a move to these areas, r
each out now to get ahead of the crowd!
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16 Red Maple Pl., Blackhawk
4 BD | 2.5 BA | 2,749 Sq Ft
We've secured a dream home that exudes an undeniable charm and offers an exceptional living experience. With its tree-lined streets, well-manicured lawns, and a tranquil ambiance, we found the perfect dream home for our clients in Blackhawk.
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1833 Fallbrook Dr. Alamo
Represented Buyer: after researching to find the perfect home, we secured this stunning property nestled within the rolling hills of Alamo offering luxury and privacy.
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321 Sequoia Ter, Blackhawk
4 BD | 2.5 BA | 3,144 Sq Ft
Listed at: 2,299,000
Sold for: $2,200,000
After searching to find the perfect home, we secured this stunning home nestled in the hills of desirable Blackhawk Country Club on one of the club's premier cul-de-sac streets.
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2572 Shadow Mountain Court
4 BD | 2.5 BA | 2,319 Sq. Ft.
Sold for: $1,910,000
We sold this meticulously crafted residence in less than a week! 🏡💫 We worked hard to make it look amazing and received an offer significantly above asking price, in just seven days! 💥
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61 Leeds Court E., Danville
3 BD | 2.5 BA | 2,022 SQ SF
Listed at: $1,098,000
Sold for: $1,200,000
This stunning home at 61 Leeds Ct E sold in the neighborhood at an all-time high.
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35555 Palomares Rd Castro Valley, CA 94552
3 BD | 2 BA | 2,494 SQ FT
SOLD!
Represented Buyer & Represented Seller
This stunning property went pending before it even hit the market! The Burgess Team found the perfect investor who will make this equestrian property shine with their personal touch!
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29 Oakridge Lane, Blackhawk
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2 Bedrooms + Loft | 2.5 Baths | 2,259 SQ FT
SOLD!
Represented Seller
Sold in the lovely Oakridge neighborhood located in the prestigious Blackhawk community, offering unparalleled resort-style living.
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878 Bellflower St,
Livermore, CA
2 BD | 1.5 BA | 972 SQ FT
Listed at: $748,000
Sold for: $793,000
Multiple offers in less than one week. Sold well above asking price and market comps. Our team did extensive prep work including new upgrades throughout
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236 Tudor Ct, Oakley
4 BD | 2 BA | 2,349 SQ SF
Listed at: $775,000
Sold for: $745,000
Represented Buyer
We won against multiple offers on this lovely home in the coveted Laurel Crest neighborhood!
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31 Sara Ln, Alamo
3 BD | 4 BA | 2,639 SQ SF
Listed at: $1,900,000
Sold for: $1,810,000
Our team represented the buyers in a multiple offer, highly competitive situation and closed in less than 21 days on this amazing dream home!
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399 Golden Grass Dr,
Alamo
6 BD | 4.5 BA | 24,541 SQ FT
Listed at: $4,295,000
Pat was up against multiple offers and with a winning offer was able to secure this stunning home in the highly desirable Alamo Crest neighborhood for a family looking to find their dream home.
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2208 Genoa St, Danville
4 BD | 2.5 BA | 2,863 SQ SF
Listed at: $1,898,000
Melanie was able to find this stunning home in the highly desirable neighborhood for a family looking to find their dream home.
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394 Ilo Lane, Unit 202, Danville
2 BD | 1.5 BA | 1,014 SQ FT
Listed at: $599,000
Sold for: $650,000
We recently sold a two-bedroom Ilo condo in Danville, where the average price in the neighborhood was $587K. We worked hard to make it look amazing and received an offer above asking price and market average before it officially hit the market! 💥
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Open Houses This Weekend!
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If you are shopping for a new house, here is a curated list of open houses we recommend visiting this weekend:
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Contact us
to find out what else we have coming on the market!
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We would be honored if you would forward this newsletter to someone you know who could use our services.
How much is my home worth? Get an estimate here! 🏠
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© Compass 2023 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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