Volume 1 | Issue
11 | Nov 2011
In This Issue:
A Note From John: This Month's Note from
John: A Short History of Diablo
Mixed Bag Timely articles and information |
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*I
have much more data at my fingertips than can go in the
newsletter. If you would like more specific information
about a particular area or neighborhood, even if it is
what the neighbor's house really sold for, just call or
email me and I will be happy to provide the information
for you.
** These statistics reflect
active, pending and sold single family homes for the
month ending October 31st, 2011. |
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Loan
(National Average)
15 Yr Fixed Conforming 30 Yr Fixed
Conforming
30 Yr Fixed Jumbo 5/1 ARM Conforming |
Rate
3.36% 4.09% 4.48%
2.73% |
Interest rates per
MonitorBankRates
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MEANINGFUL LINKS |
John Fischer Real Estate
San Ramon Valley School District
Pleasanton School
District
Acalanes School District
Danville Express
Groupon
Blackboard Eats
Readers Choice 2011 Winners
Danville Patch |
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If you have a family member, friend
or co-worker who is thinking about buying or selling
their home, please forward this email to them or have
them contact me at:
jfischer@rockcliff.com
Your referrals are truly appreciated! |

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"Working with John was a great
experience!
He stuck with us through the ups and
downs and even when we were completely frustrated he
assured us that the right home would come along - and it
did.
We now have the home of our dreams,
and it's due to John's patience and guidance through the
whole process!" |
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I would like to take this opportunity
to wish you and your family a very
Happy Thanksgiving!
I truly appreciate your business and
the chance to work with you to fulfill your real estate
goals and dreams.
~ John |
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A Short History of the City of Diablo
Today's community of Diablo has a long
and storied past. It is adjacent to Mt. Diablo State
Park and Mt. Diablo. The first modern road was completed
in 1874 from the south to the top of the summit. The
area was ranchland for decades. It was called Railroad
Ranch (1877-80), Cook Ranch (1880-89) and Oakwood Park
Stock Farm (1890-1912).
In 1912, Robert Noble Burgess purchased the Farm which
encompassed 50,000 acres stretching from the corner of
Diablo and Green Valley Roads in Danville to the top of
Mt. Diablo and as far east as the Sycamore and San Ramon
Valleys, including Blackhawk. Burgess's goal was to
convert the Oakwood Stock Farm into a rustic summer
retreat similar to eastern spas like Newport Beach,
Atlantic City and Haven along the coast of Maine.
He
built a golf course, which was designed by Jack Nevelle
(who later designed the famous Pebble Beach course). In
1916, Burgess added a US Post Office and in 1917, he
added a 39-room hotel for club members and guests (the
Chalet), a stylish restaurant named the Red Horse
Tavern, and tennis courts. He made Diablo Lake, a
30-million gallon reservoir, into a playground with
diving boards, swings and a snack shack. Members horses
and rental horses were kept at the Red Horse Barn. The
Carriage Barn with its indoor training ring was a
facility for trotters and their carts and wagons.
In 1916, Burgess' goal was to advertise the club and
sell lots for summer homes. He promoted them with
various means of advertisement and hosted all-day
picnics and parties to appeal to San Francisco, Berkeley
and Piedmont society. To move large numbers of people to
Diablo, Burgess convinced the Oakland, Antioch and
Eastern Railway to extend its tracks from Danville to
Diablo. From there, tourists would motor up the mountain
and stop to eat at the Tavern.
During
the 20's, the club, now owned by its members, prospered,
reaching it maximum of 400 members by the spring of
1924. Many members were prominent San Francisco and East
Bay business leaders and owners of summer villas and
cottages in Diablo. Many of these historic homes still
stand, having been tastefully restored and enlarged.
Families enjoyed Diablo Lake, ate at the Red Horse
Tavern and the clubhouse, played golf and tennis, rode
horseback on trails up Mt. Diablo and danced the
Charleston at the clubhouse. After the Great Depression,
in 1936, the membership fell to 160 and continued to
decline.
During World War II, with rationing of gas, tires, meat,
butter and shoes, the club fell further in decline.
Rooms at the Chalet were occupied by about 30 female
telephone operators from Camp Parks. Navy officers
rented Diablo homes and received membership privileges.
This was the start of year-round living in Diablo.
In
1948 Larry Curtola bought the club. He built a new
clubhouse (the current one) which featured a large
ballroom to accommodate big band dancing. It opened on
September 8, 1948. It became the place to go in Contra
Costa County for dances, large parties and wedding
receptions. The club prospered as new homes were built
and the community came back to life.
Today Diablo Country Club has 436 golf member plus
associate and social members. They enjoy swimming at the
Junior Olympic sized pool. It's swim team has had up to
290 junior members ranging in age from 3 to 18. There is
a beautiful tennis facility, fitness center and new
Bocce Courts. The golf course is over 6700 yards with
small demanding greens and challenging lakes and
bunkers. The USGA has recently used it for qualifying
for US Amateur and US Senior Amateur Opens.
- John Fischer |
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Recent Diablo Sales Activity
As the chart illustrates, 2011 has been a year of very low sales point for
Diablo. 56% of the sales of detached homes have been under $1,300,000. The
highest sale recorded was $2,400,000. But, it has been a year of increased
volume. People want to live in Diablo, but are not willing to pay the high
prices of years past. Homes that have been offered in the
$3,000,000-$5,000,000 price range have gone without selling. This year,
homes that were originally on the market for $3,500,000 have had to accept
prices in the low $2,000,000.
Year |
Total Detached |
Under $1.3MM |
Over $1.3MM |
Highest Price |
2011 |
16 |
9 |
7 |
$2,400,000 |
2010 |
8 |
3 |
5 |
$4,400,000 |
2009 |
5 |
2 |
3 |
$2,000,000 |
2008 |
7 |
1 |
6 |
$4,100,000 |
2007 |
9 |
2 |
7 |
$3,575,000 |
2006 |
9 |
1 |
8 |
$4,000,000 |
2005 |
16 |
1 |
15 |
$4,919,000 |
2004 |
14 |
3 |
11 |
$5,500,000 |
2003 |
11 |
3 |
8 |
$2,935,000 |
There are currently five homes (out of six which are listed) that are
priced above $2,750,000. Either sellers will have to lower their
expectations or buyers who want large, re-modeled houses will finally have
to accept prices of past years. Diablo is a beautiful place to live, but the
current economic situation has many buyers on the fence. The buyers who
understand value and have the resources will step up to the plate. Others
will try to find good values or wait it out. |
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Have a question about Real Estate, buying or selling a
home or the community? I encourage you to get in touch
with me, I'm here to serve. Click here to get
answers
Ask Your Question |
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I've been selling residential real estate for the past
six years here in the Diablo Valley. After graduating
from UCLA and then getting my MBA, I spent most of my
career in corporate sales starting with Xerox in the
1970's.
Following that, I proceeded into IBM computer sales and leasing.
My wife, Janeen, and I have lived in the same house in
Alamo since 1983 and have raised three children. They
all graduated from Monte Vista High School and have gone
to UCLA, UC Davis and University of Washington. Our
youngest, Kelsey, is now attending UC Hastings School of
Law. |
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