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Foreclosures up! Demand Down! And Danville contemplates a major new subdividsion?!?
Original post made
on Sep 9, 2011
So we have a "strong and steady increase in foreclosures" in Danville & Alamo over the last two years, with the latest figure showing distress sales as a full third of all sales! (Web Link
). We know that distress sales and foreclosures have an enormous negative impact on our local property values. That is aggravated by the high inventory. And yet Danville goes full-steam ahead on new development! The Town is currently considering a proposal for a major new subdivision of up to 127 dwelling units in the Diablo/Blackhawk area (the "SummerHill/Magee Ranch development"), which will empty it's traffic into Alamo through Stone Valley Road. Why? The arterial roads can't support the traffic. The creek can't support the runoff. And the market can't support the inventory. Our lives, lifestyles and property values shouldn't take the hit! Why would Danville Town Council members inflict this disaster on the residents they're supposed to represent? (Or do they care more about the developers, the development fees, and the revenues it will bring them?) All Danville and Alamo residents should be concerned! Call! Write! Demand that the Town do the responsible thing. Be specific. Let all the Council members know you'll remember whose interests they represent come election time!!! Urge them to reject the SummerHill development, and protect your "small town atmosphere and outstanding quality of life," as they've promised!