Cutting Prices in the Creek

 Received wisdom seems to be that as the housing slowdown worsens, prices will start to be affected further and further in until even so-far-impervious San Francisco shows some effects. Similarly, the first properties in popular Walnut Creek to take the hit have been condos.

But now, it looks like the price reductions that started showing up for condos in Walnut Creek are spreading to single family dwellings. Here are two really nice-looking detached homes, one on the high end of the spectrum and one more reasonable, plus two condos, whose prices have dropped. (Photo of Walnut Creek: tedsblog)

40 Santa Rita Drive, Walnut Creek: 3 bedrooms/2 bathrooms, 1,923 sq ft. Was $979,000, now $929,000. The photos show views of greenery through sliding glass doors, as well as a pool. Nice-looking fireplace and tile, stone and hardwood floors, with energy-efficient windows, a nice touch of green cachet.

1980 Montclair Circle, Walnut Creek: 3 bedrooms, 2 baths, 1,794 sq ft. Was $715,000, now $695,000. The listing says this place is close to BART and the freeways, and it has a wood-burning fireplace and a formal living room with vaulted ceilings. Natural hazard disclosure, though, and no photo, two caution signs.

285 Kingston Way, Walnut Creek: 2 bedrooms, 1.5 baths, 1,196 sq ft. Was $449,000, now $399,000. This townhouse has a deck, a patio and a fenced yard, always a good thing in a condo, as well as a fireplace.

588 Matterhorn Drive, Walnut Creek: Was $699,999, now $699,000. (As one of my fellow bloggers noted, a $999 price reduction is not going to do much to attract the attention of jaded buyers faced with hundreds of houses competing for their attention, you know?) 3 bedrooms, 3 baths, 2,080 square feet. This condo is a detached cluster home; if you can enlighten us as to what that means, please feel free, and in the meantime I’ll investigate. Anyway, we are told there’s a huge deck, two fireplaces and glorious views. The place does look dreamy in the photos.