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It may be a rainy start to the year but we’re in a fast moving early Spring market!
9 of our listings took offers last week and all but 1 are in contract with multiple offers.

My mid January Montclair listing at 1791arrowhead.com had its first open house on a very blustery rainy day. Serious buyers go shopping rain or shine.

Over 100 people came through the Sunday open house, drawn by the popular mid-century interior, online presentation and strategic pricing.
I would expect this activity in the Temescal or Rockridge but a traffic jam in the hills is less common!

With 35+ individual agent showings and 30+ requests for disclosures in the first few days the seller decided not to wait and took offers after the first Sunday and Broker tours.
Multiple offers came in from agents all over the Bay and 2 Oakland agents  prevailed with primary and back up offers accepted. ( buyers in this market usually benefit from a local agent and should NOT count on a second open house)


Explore the end of 2016 neighborhood data below!


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Do contact me if you have questions about the local real estate market, there is always more to real estate than the data!

 

I seem to recall leaving corporate life and becoming a realtor for flexibility and to work less hours.  I love my work, but …. it’s 24/7 and not less hours!

“Sunday is your busy day” people will often say. Is the perception that we twiddle our thumbs the rest of the week?! Open house makes for a “busy” day in Bay Area real estate, but it’s  often not the busiest day of the week.

Selling real estate is a way of life, weaving in and out of personal commitments
with overlapping and variations.  It is not a 5 day a week  9-5 job!

Below are a couple of representative weeks for a full time established agent!
A busy week, and a less busy week.

For variety, a normal week is peppered with technology and coaching, meetings with out of area colleagues, fire drill offers with last minute buyers, broker consultation on tricky escrows,committee meetings, visiting former clients etc

Busier week………

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Not so busy week………

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As with most professions, there is the mythology and the reality!
Get ready for a busy 2017!

As agents we are constantly reviewing data and discussing market conditions, and at the end of the year we try to predict the future!

Let’s get as close as possible to that proverbial Crystal Ball!

Pacific Union CEO Mark A. McLaughlin and economists John Burns, Dean Wehrli, and Selma Hepp teamed up to present the third in a series of live economic forecasts.

economic-forecast-video

I’m happy to speak with you regarding your real estate goals in 2017!

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