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October was a good month for real estate sales in the Oakland-Berkeley area. Pacific Union offices posted sales volume as high as our April and June figures!

Despite a rainy first Sunday at 2306 Leimert….. serious buyers come out in the rain… I had a great turn out and this super home is now sold with new buyers moving in!

We don’t waste any time around here!

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Virtual walk through!

 

CLICK FOR 3D TOUR

CLICK FOR 3D TOUR

 

A tale of two markets!

The question!  Are we in a seasonal or an adjusting market?
It’s a little early to say, but regardless it currently appears to be truly a tale of two markets.

The top end of the market may indeed have peaked mid 2015, but interest in houses currently varies from luke warm to red hot, with homes in the $1M-$2M range and in “latte factor” locations still exceeding the 2015 prices.

I’m not sure who tracks data for properties with ancilliary dwelling units, but the addition
of an “in-law” or “airbnb” potential in urban locations seems to increase the demand exponentially!

On the other hand, we are seeing ” still available!” ” an opportunity” ” no offers” in both the MLS and the agent publications many of us subscribe to.

Some of these homes are just priced too high to accommodate the still customary overbidding. Some are just priced too high.. full stop!

My recent listing at 1641 Josephine on a super desirable street in North Berkeley, appx half way between two Berkeley BART stations, the gourmet ghetto, Monterey Market and multiple restaurants and shops received 10 offers and will sell well over asking.
The expansion potential, potential for an in-law, great location, and good size yard all contributed to the popularity!

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Close to everything!

CLOSE TO BART

CLOSE TO BART

 

Sellers invested money, we invested time and expertize in making it shine!

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The market in general is likely to be settling, so sellers don’t dally too long, and buyers
it’s a good time to be out looking!

Many of us who have lived in Oakland for a long time continue to be amazed at this special place on earth!

If you’re seeking a unique spot in a spectacular setting , my new listing is a  magical 3+bed /2 bath home is situated on over half an acre of terraced gardens, and includes an exceptional detached artist studio with half bath above a 2 car garage.

There was no way we were going to neutralize this home into a sea of grey for sale!
Instead the owner and stager “curated” the  wonderful selection of tasteful and artistic treasures to showcase the home and possibilities for the detached studio!

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Both the indoor and outdoor spaces have been lovingly and meticulously updated and maintained.  A perfect spot for the creative and contemplative soul, this true gardener’s and artists delight has planted terraces , hidden patios and a slice of the golden hills.

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Come  enjoy a few minutes of contemplation, the scrunch of car wheels on a gravel driveway , birdsong and wind in the trees!

The First Quarter round up!
Q1 2016 click image

I’ve listed several properties in the Oakland Temescal neighborhood over the last couple of years and delightful as they have all been this one is the grand dame!

The house feels more like a Rockridge or Elmwood home with it’s gracious entryway and large front porch, and my sellers believe it is older than the county records indicate and was likely built prior to 1910.

Painted and staged, a few light fixtures replaced, old window sash cords replaced, charity donations and  dump runs completed,toxic waste removed and we are ready to roll!

Visit : www.4415webster.com

Take a walk through with my fabulous  3D virtual tour !

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There are so many magical spots in Oakland and Christmas Tree lane on the border of the Maxwell Park area is one of them!
My latest listing used to be a run down sad story of a bank owned house.
7 years on and it’s been lovingly updated and given a new lease on life by my wonderful creative, talented and resourceful buyers!
Two fabulous Sunday opens, 25 offers (yikes, all that hard work paid off!) and it’s in contract!
The Website  www.5739picardy.com

Check out the super deluxe walk through 3D tour, below, which is not quite the same as visiting in person but very fun… and especially good on the phone!

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——————–*Click for 3D walkthrough*——————–

Super close to Mills College with its wonderful grounds and superb collection of specimen trees. Also one of my favorite hole in the wall restaurants Weang Ping which serves great Thai food … the wine may have just gone up from $2.00 a glass! Phuket style beach decor, ancient leather booths and a wonderful kitsch grotto entry. Plus you are close to 2 gas stations with diesel if you’re ever running on fumes as you head South on 580!

And for some more formal info on Maxwell Park visit:

localwiki.org/oakland/Maxwell_Park.

A sign of this market is the  Pre-emptive offer!

My beautiful listing at 10 El Patio in Montclair did receive a pre-emptive despite the original plan to have 2 Sunday Opens!

Motivated and often desperate buyers wondering if they will ever get into contract will ask their agent if they can jump the gun and “pre-empt” any other offers by getting their offer in first, hoping to tie the property up before anyone else gets a chance

 

Level lot and expansive lawn

10 El Patio- in c0ntract pre-emptive!

The most common way of handling offers right now is for sellers to set a date and get all offers on the table  so they can compare, and see who will make the strongest buyer.

However.…despite what the sellers may have said to their agent, they certainly have the right to change their minds if they do get an early offer and feel they don’t want to wait!

MLS rules dictate giving notice to other agents when this happens, and professional etiquette and fiduciary obligations mean it becomes a FIRE DRILL to let other agents and buyers know about the change and try to allow them enough time to get their foot in the door ! ( The pre-emptive usually has less than 24 hr response time)

The potential downside of pre-emptives for the buyer is that sellers sometimes get mad and just won’t respond to that buyer, most of the time they figure the buyers will wait if they are serious and, they want to know what else may be coming in!!

In addition, some sellers feel its an unfair tactic and obnoxious.
It creates a large amount of stress for everyone involved, and that doesn’t always go over so well with sellers either.

In some cases, if you write a true pre-emptive, which means a really KILLER offer, then you may prevail…. and everybody else involved just has to deal with any fall out!!

And the moral of this story is…..  DO KEEP IN TOUCH WITH YOUR AGENT or you stand a VERY SLIM chance  of even hearing about the pre-emptive !!!!

Walk through 10 El Patio which received a pre-emptive offer so showings were limited!

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FANTASTIC 3D HOUSE TOUR!