East County is growing quickly, and both home sales and new home construction are on the rise.
The Great Recession is a distant memory as home prices rise faster than interest rates, and the real estate market picks up for the summer.
East County has plenty to offer prospective residents. With good schools, plenty of shopping, dozens of parks, active sports leagues, agri-tourism and the Delta, there is something for everyone in Brentwood and its surrounding areas.
New home construction can be found at nearly every corner in Brentwood, from small townhouses to large estate homes. Trilogy, an active-adult community for those aged 55 and older, has homes in all shapes and sizes to offer its clientele.
Linda Inan of Meritage Homes is working in the sales office at Palermo, a development that focuses on energy efficiency in its homes. Inan said the market in Brentwood is doing well and that now is a great time to purchase a new abode. Of the 96 homes going into Palermo, 36 have been sold since October, and more homes will be released soon.
Just next door to Brentwood, Oakley’s population has risen past 45,000. With its open spaces and revitalized downtown, Oakley is attracting attention from homebuyers.
Ken Strelo, Oakley’s principal planner, said residential growth numbers are picking up, right on track with the city’s goals.
“We have issued approximately 65 new-home building permits thus far in 2019, and estimate at least another 65 — and possibly upwards of 150 total units in 2019 — to be constructed,” Strelo said. “We roughly estimate approximately 900 units constructed over the course of the next five years.”
Homebuilders are working to meet that goal. Duarte Ranch by Seeno Homes is filling up fast and D.R. Horton is forming an interest list for its new neighborhood, Northpoint.
Oakley City Manager Bryan Montgomery said the new neighborhoods are a great draw for homebuyers.
“The new subdivisions are well-planned, and we have quality builders working here,” Montgomery said. “Most importantly, we have great people moving into the city that positively contribute to the community. The new developments pay annual assessments, in addition to the property taxes which support police and fire.”
To the east, Discovery Bay is quickly filling its empty spaces. In the master-planned community of The Lakes, Kiper Homes has released 83 of the 145 homes in its Regatta development, and is continuing to sell one-story floor plans in Mosaic.
Sonja Jarvis, from Regatta’s sales office, said the homes have been moving quickly this month.
“Usually we pick up in July, August,” Jarvis said. “Our main selling time seems to be February to June ... We do a lot of sales in spring in Discovery Bay and we sell to a lot of locals.”
Still in the planning stages is Newport Point’s 67 homes, slated to fill one of the remaining empty spaces in Discovery Bay, between Bixler Road and Newport Drive. The town is working with the project’s developers to integrate the new homes into area water and wastewater systems.
“We believe that things are going as planned,” said Discovery Bay General Manager, Mike Davies. “We are looking forward to Newport Point coming in. We are currently working ... to bring those 67 homes into our service boundaries in the near future.”
For more information on Palermo in Brentwood, call 855-588-6374.
For more information on Northpoint in Oakley, call 925-588-3957.
For more information on Duarte Ranch in Oakley, call 925-679-4518.
For more information on Regatta in Discovery Bay, call 925-266-5959.
For more information on Mosaic in Discovery Bay, call 925-478-7362.