Comments for East Bay Area Real Estate

Comment on Walnut Creek Million Dollar Condos by Kim M.

Kim M. — Tue, 29 Dec 2009 04:58:52 +0000

I’m interested in buying at the Mercer, but concerned because I’ve heard there’s a lawsuit between owners and the builder/development company. Does anyone know anything about this, and the basis for the suit?

Comment on Walnut Creek Million Dollar Condos by Dennis R Keller

Dennis R Keller — Fri, 17 Jul 2009 01:53:21 +0000

I tend to agree with Wing’s assessment of the market and relative values. I know for a fact that 30% of the units didn’t sell. They’re currently rented under short term leases, with the developer planning to re-enter the market early in 2010. If you’re waiting to buy, this may be your chance. I’m sure they’re planning to reduce prices given the housing and economic slump. This may be a wise business strategy also, given the projection that real estate appreciation will stay flat for some time to come.

Comment on Walnut Creek Million Dollar Condos by Wing T.

Wing T. — Sat, 30 May 2009 03:16:52 +0000

My realtor recently showed me a couple properties at the Mercer building in Walnut Creek. I like the location and design, and the finishes were ok, but the prices scared me. I think the owners are still clinging to the past, living in 2005. The two bedroom condos that I viewed were priced between 750-850K, comparable to a larger single family in the area.

After doing some research, I learned that condos in dense urban areas tend to appreciate well; whereas condos in the suburbs tend to appreciate much less and are more prone to devalue during an economic downturn. I decided to play it safe and focus on single family.

Comment on Walnut Creek Million Dollar Condos by Brad

Brad — Thu, 26 Mar 2009 02:59:38 +0000

The Mercer is WAY overpriced following depreciation in the local market over the past 24 months. There’s only been 1 short sale in the Mercer, but one would expect more in the coming year. In addition, the HOA is facing a possible special assesment to deal with a cost over-run and reduced services.

Comment on Walnut Creek Million Dollar Condos by Karen

Karen — Fri, 04 Apr 2008 02:24:50 +0000

I like the idea of the Mercer. I would love to see something like that come to Oakley downtown. The Mercer is lovely, it is wise use of landspace and it offers an alternative to standard housing while increasing opportunity to live within walking distance of shopping and entertainment.
Inovative thinking Walnut Creek and Mercer!It is East Coast meets West Coast! All in the Beautiful East Bay!