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Archive for the ‘For Sellers’ Category

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!

 

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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.

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

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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!

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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.

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It’s always a treat to help prepare a well loved home for market and the next generation!

Owned by the same family for over 40 years, it was a true family affair getting this 99 year old Temescal lady ready for sale!

Mum and daughters and sons in law  spent many months clearing out the basement, weeded and planted the garden and worked around my usual crew of painters and contractors prepping the inside of the house.

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Replaced the older countertop and sink and the vinyl floor, painted and refinished the bath

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Removed wallpaper and tile on walls, redid vinyl floor, painted and replaced cabinet hardware

And here is the finished project in all its glory!

click here

CLICK HERE

Located on a super street and perfectly positioned between Rockridge and MacArthur BART, Temescal hub on Telegraph, Piedmont Ave district and Rockridge!

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Local Realtors know neighborhoods and then they also know desirable “pockets”  between the more well defined areas.

This Cape Cod style home is located in one of those popular little pockets on one of two parallel predominantly level streets with sidewalks and an almost cul-de sac location.

Sidewalks make for easy dog walking,  spotting the neighbors you haven’t seen for a few weeks and hanging out chatting while the kids cycle and skate up and down the block!

With a local grocery store, several restaurants , the trail head to  regional parks , an easy commute and Montclair Schools zoning it’s easy to see why this location has a strong following!
5053 Kearney EXT movie start

Built for one of two sisters who wanted East Coast style homes a few doors from each other, this home was lovingly maintained by the original owner for many years. Updated and expanded with the addition of a guest suite or home office, the second owners are now moving on!

Around the corner is trail head access and  a quick climb up to the top of the hill to Look out Point in Joaquin Miller Park.
Peek down on the Kearney homes below!

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Walking around Lake Merritt is one of my favorite treats! With the wonderful new pathways and updated landscaping it’s an amazing resource for everyone who lives here. Figure on hearing at least half a dozen languages spoken on any given day, and keep an eye open for the herons , egrets and err yes.. the Canada Goose poop..

My current listing is a 2 bedroom 2 bath condo in one of the nicest buildings, the Merritt Royal, just across from the Lake. Come to this week’s open house Sunday 22nd 2-4:30pm

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Many of the residents have been there for ages, and the building has better financial reserves than many… always a good thing with condos! No… you do NOT want your dues to be too low or you will be looking at special assessments down the road, think of dues as a forced savings account for when your home needs a new roof or a paint job etc!

Enjoy a great brunch at Portal  and then go to Lake Chalet for happy hour or an evening desert

And for all the fun facts about Lake Merritt please visit this BLOG.

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