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Archive for the ‘For Sellers’ Category

I am so grateful for the opportunities I had in 2018 to help so many wonderful clients!

A BIG THANK YOU! to friends and clients who sent many of these people my way.

If you have a move in mind for 2019 I’m always happy to meet prospective clients, discuss options and put together a plan before the early Spring market gets going!

You can call me, text or leave a message at:  510-390-8101

 

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Let’s run the numbers…..but take the neighborhood breakdowns with a pinch of salt or twoOverall inventory was down a smidge in 3rd quarter. (It certainly seems to have picked up in October… after this report) as sellers scrambled to get their homes on the market, particularly those in the higher end.

One particular neighborhood shows sales prices are down by 25% from last year……. I don’t think so! A function of few homes for sale and not enough data to be meaningful…
Yes, it can now take MORE than 2 weeks on the market before sellers get an offer!
Agents have to gauge the interest and the response to pricing.

If the property is anything but a perfect “10” Buyers are a bit more cautious.
The news is distracting, so is the stock market..the weather is still great… buyers and agents are circling a little longer, is the property priced low, priced near value, priced a bit too high?
The market is less predictable, so it’s important to do your research!

Are we finally moving towards a more balanced market, where list prices are close to sale prices?? Maybe!
Are prices dropping? The high outliers from the Spring should probably be considered as such…. unless of course the property is a perfect “10”!


3rd Quarter market report

 

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In 2017 I enjoyed helping clients buy and sell a variety of homes in the East Bay. I’m looking forward to another year of helping my wonderfully diverse real estate family!

Inventory traditionally picks up after Superbowl and the early Spring market is a great time to get started and prepare for a move.

I’m  happy to meet prospective clients , discuss options and put together a plan!

SOMETHING FOR EVERYONE!

 

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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!


q4-2016-click-image

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.

economic-forecast-video

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!

website-screenshot

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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