If you're waiting for your home to regain some of its lost value, you might not have to wait long.
Home prices are on the rise and, according to at least one report, are expected to increase 3.3 percent a year through 2017.
Part of the reason is the lack of inventory, causing multiple bids on houses. Another reason is low interest rates. Another is an improvement in consumer credit, which encourages banks to loan more money.
For fun, we thought we'd look for the most expensive home on the market in the Danville-Alamo area that we could find.
We came up with this five-bedroom, five-bathroom house at 3102 Finley Road that's listed at $11.8 million.
The home is 5,000 square feet and it sits on 240 acres. The property also includes a guest house, a hunting cabin, a chapel, a barn, two pools and a helipad. It's also adjacent to Mount Diablo State Park.
It was built in 1920 and was featured in our oldest homes for sale series last month.
Do you know of another high-priced home in your community? Tell us about it in the comments section.
You can see other expensive homes in neighboring towns by going to San Ramon Patch and Walnut Creek Patch.
This information was provided by Rachael Hand, Broker Associate, Coldwell Banker and Director for the Contra Costa Board of Realtors. You can reach her at 925-372-8080 or firstname.lastname@example.org