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Posts Tagged ‘Berkeley’

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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The Berkeley Hills has always been one of the East Bay’s most desirable places to live. Certainly up in the Berkeley hills the rain does not keep the serious buyers away! Despite the complete absence of ANY view, and the police blockade on Grizzly Peak there was a stellar turn out at the first open house. Don’t let the weather delay plans to sell, buyers are out looking and they will come back to visit if they like the house!

The glamorous life of a realtor involves dressing for the weather and all hands on deck!!  ( Thank you honey!)

shoes at open Sign of Rain

 

Visitors big and small and plenty of towels on hand… plastic covers all  round!

Beautiful views of the ever changing sky and bay from my listing at 30 Hill Road near Tilden Park in Berkeley

30 Hill slideshow start

CLICK FOR PHOTO TOUR

Our wonderful East Bay Parks, live in the hills and step outside to Tilden and beyond

Click here for info on Tilden Park

Click here for info on Tilden Park

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So many lovely neighborhoods in the East Bay!

I worked with many delightful clients in 2012 helping them sell or purchase in a wide variety of price ranges and neighborhoods.

From the urban hub near Lake Merritt or downtown Berkeley to treelined vistas and panoramic views in the hills there is something for everyone.

For those who are looking to sell in 2013, buyers are eagerly awaiting new inventory.

I’d love to hear from you if you’re considering selling or buying this year!

Click to view enlarged image

Click to view enlarged image

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 A TWINKLE IN YOUR EYE!

There are many aspects of selling we can help with as realtors, but for some clients a potential sale or purchase does require advance planning and additional expertise. “I highly recommend you speak with your tax advisor and a real estate attorney!” at the “twinkle in your eye stage!”  is frequent advice I will give to prospective sellers…I’d love to help you sell your house as long as it makes sense for you!

For those who have owned a property for a long time, for those with a home office, and for those with little or negative equity it can pay off to thoroughly research your options. Frequently, advance planning is helpful to come up with the best strategy and avoid surprises.

Are you eligible for proposition 60 or 90?
Of particular interest to sellers who are downsizing, this can be great opportunity for some sellers to keep cost down.

http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm#1

If you are selling income property, are you familiar with 1031 exchanges? You may want to sell – but you may be better off doing an exchange.
If you have a home office and have been taking deductions, you may want to plan in advance to avoid tax surprises

An accountant and attorney are great resources and, together with your Realtor, can help you figure out what’s best for you!


A TWINKLE IN YOUR EYE….CHANDELIERS!

I’m always able to find a theme for the brokers tours, and in line with advance planning here is my “twinkle in your eye!” slide show of some chandeliers in local homes!

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I’m always happy to answer real estate related questions and appreciate your support through referrals!

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1591 La Vereda is a custom built 5 bedroom 2 bath home enjoying a premium position in one of Berkeley’s most prestigious neighborhoods. On the market for the 1st time since it was built in the 60’s this home combines many artistic elements with an unusually practical floorplan and thoughtfully laid out space. The custom mosaic detail above the fireplace and the stained glass in the entry are by Ray Rice, a founding member of the Mendocino art center. Situated on one of Berkeley’s most coveted tree lined streets, steps away from UC and the gourmet ghetto this is a rare opportunity to own a piece of architectural history!

The grand redwood paneled living room has a vaulted ceiling and French doors with Clerestory window detail. The dining area which flows off the living room will accommodate a large table, and the space is ideally suited for entertaining or relaxing. Almost every room on every level has access to the outside with glazed doors to balconies or decks; ideal for our California lifestyle!
Upstairs is a spacious master bedroom with multiple built in stained wood closets and open beamed ceiling. There are two additional bedrooms, one with a delightful balcony and peek of the Golden gate bridge view through the treetops.
A bonus room on the ground floor offers additional space.

MORE DETAILS AT 1591LAVEREDA.COM

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We saw a large increase of new listings  last week. A total of 82 additional properties over $500,000 came on in Oakland, Berkeley, Piedmont, Albany, Kensington and El Cerrito. This was the largest increase in inventory since March.
The inventory level continues to provide a pretty balanced market, with some homes selling quickly and others sitting.

CLICK IMAGE TO ENLARGE

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 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

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