Feeds:
Posts
Comments

Archive for the ‘Rockridge’ 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!


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!

 

Read Full Post »

For some uncanny reason the last 2 Oakland homes I lived in are on the market at the same time!

When we sold our home in 2006 we caught the market as it was starting to drop, not catching the highest price but happy we timed it when we did.

Below are charts showing the rise and fall of several east bay neighborhoods from 2005-2015!

If you’ve been waiting to sell the sellers market does not usually last for a very extended period of time!

 

Berkeley home prices have soared to new heights in the last couple of years. Always tight on inventory, prices never dropped as significantly as in some areas.

berkeley historic sales

 

Piedmont prices have risen astronomically, with quality homes, easy commutes and schools ranked top 10 in the nation.

Piedmont historic sales

 

Rockridge homes have increased significantly in value due to proximity to urban amenities and the desire for convenience.  Their fall was less precipitous than in many areas.
Rockrdige historic sales

 

Glenview homes are being sought by buyers priced out of Crocker Highlands.
glenview historic sales

 

Montclair homes rose a little more slowly with many buyers liking the good schools but preferring walkable locations with a more urban vibe.
Montclair historical prices

 

94602 includes The Oakmore, The Laurel and Dimond areas. Many of these homes are selling at record highs with the less pricey areas within 94602 still moving up in value.
Areas below MacArthur took a big hit when prices fell and had more ground to recover.

94602 historic prices

Redwood Heights has been slower to rise in value, despite the well regarded elementary school there is no central destination which drives other neighborhood prices.
redwood heights historic prices

 

Many homes in the 94605 zip code have not overtaken the height of the market but many have fully recovered values.
94605 historic sales

Expect to see the lower end of the market and condos continue to climb in 2015 as buyers are priced out of neighborhoods and compete for the more moderate end of the market.

 

 

Read Full Post »

Once upon a time you paid more money to live in the Oakland Hills than in most parts of the flatlands. Schools had the better reputation, you were away from the urban bustle and grittier parts of city living and maybe you even got a lovely view of the Bay!

OK, so Rockridge hasn’t been cheap for a long time, but the boundary lines between which areas sell for more and which sell for less are shifting.
The bike riding 20 something and the down sizing 60 something continue to gravitate to the urban hub.

A few clips from recent sales showing the list price above and sale price….SP is the sale price. Multiple offers and strong competition for these  homes in hot Oakland neighborhoods!

 

Rose Garden

Rose Garden

The Rose garden near Grand Ave and Lakeshore

Lakeshore

Lakeshore

Lakeshore  near Grand Ave and Lake Merritt

Bushrod

Bushrod

North Oakland not far from Ashby and MacArthur BART

Piedmont Ave

Piedmont Ave near shopping district and restaurants

 

 

Read Full Post »

 According to current data two thirds of Millennials (born 1981-2000) say living in a walkable community is important, and they will pay more for what I call “the latte factor!” . In fact, the overall trend with all age groups in the EastBay is a preference for the car-free lifestyle . Walkable neighborhoods provide a desirable quality of life and data suggest that residents of these neighborhoods are happier, healthier and more likely to volunteer in their communities.

I recently worked with two different buyers who were looking to purchase in an urban area with good walkability. One buyer purchased a super 2 bedroom condo in the Rockridge area of Oakland; it’s a reasonable walk to Rockridge BART and all the amenities of College Avenue.

5335 Broadway Terrace Rockridge; entry

The second buyer was downsizing from a house in San Francisco, and looked for several months at quieter neighborhoods in Berkeley. Eventually my client realized the sleepy streets were not for him, and he still needed that urban vibe! He purchased a home on a busier Berkeley street , close to Whole Foods and the Elmwood shopping area.

Both buyers prioritized access to transport and resources.

2948 Florence St. Berkeley

Read Full Post »