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Posts Tagged ‘oakland berkeley’

The holiday season saw somewhat of a seasonal slowdown as buyers turned their attention to the holidays. A few deals were had, many sellers tried the off-market ” Buy it now” pricing and some were successful. Shadow inventory which did not sell in the Holiday season and new inventory will be coming on soon!
Click on the image below to see the last quarter’s report

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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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There is always something inspiring about those who have the courage of their convictions! Years ago I recall sticking some money into a “contrarian” fund… I don’t recall how my investment did, but I liked the idea of investing (a little!) with someone who saw the possibilities in a down market! With little inventory on the market, the jewels in the crown are selling quickly, in competition, and yes… for cash. As appraisals are often coming in more conservatively the cash offer has really come into it’s own; you would be amazed how many cash buyers are in the market in all price ranges… though with those  piddly interest rates at the bank -maybe not!

Of note to cash buyers, there is cost saving refinancing available to a buyer who wants the competitive advantage of a cash offer, and to subsequently leverage their investment with a mortgage within the first 90 days of ownership.
(Let me know if you want more details)

MARKET UPDATE!

Two exceptional Berkeley homes, including my favorite mid-century with to die for garden which just closed in 10 days for cash and significantly over the list price…. we do seem to be moving out of the market stall at the end of 2011.

See the list versus sales price……wow!

Click on image to enlarge


MY BROKERS TOUR PICKS!

So where in Oakland can you find a level home on almost a half acre, with a Bay view and some Hollywood style for under $450K? OK so some of them need some updates but the space is amazing…. so if theBerkeley hills and Rockridge leave you feeling cramped try looking a little further afield! We had a lovely drive through the hills to see 4200 Aberfoil  listed by Donna Conroy of Pacific Union

And if your budget allows for a higher price and you want the latte factor…which you will pay more for…try this classic Oakland home on the Piedmont border close to the GrandLake area. Super access to the garden and plenty of curb appeal at 1027 Winsor Listed by Karen Lum of GrubbCo

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

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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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This well designed 5+ bedroom 3.5 bath traditional home has all the right spaces! The newer construction offers many desirable features, including solar panels for minimal utility costs. An exceptionally functional floor plan has French doors from the open plan kitchen and dining room to the landscaped garden and level lawn. Upstairs are 3 light and airy bedrooms and a master suite complete with balcony and a peek of the Bay and Mt Tam. Downstairs is an in-law suite with separate exterior access, an office and large 2 car garage with plenty of storage space.  The spacious driveway offers additional off street parking for several cars or potential play area. Zoned in the popular Thornhill school district and conveniently located on a level street in central Montclair.  Just minutes from the village, restaurants, shops, library and all that makes this community a very special place to call home!

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My new listing is a really super spacious 2 bedroom home  in a very desirable  position in Montclair village. It’s a few steps away from the library, Montclair elementary school and all the shops and nearby restaurants .
The house is on a level lot and has a couple of steps in the entry and step to garden and garage.

The weather last week was wonderful, and since all the work on the house got done ahead of schedule we moved the market date up a week. There is little inventory right now, and no reason for sellers to wait any longer for competition and rising mortgage rates!

I held it open on both last Saturday and Sunday as it’s in such an accessible spot. The house has had a great reception and seems to appeal to both older people downsizing from a large home with lots of steps, and the younger generation who desire the “latte factor” as I like to call it!

The home was tastefully remodeled by the current owner, Charles Lester, who was a well known interior designer in Stockton and San Francisco.

The living room and dining area are a great room with a cathedral ceiling, wonderful light from the many windows and a delightful outlook onto a charming patio garden.  One of the clever touches to the home was to replace the upper triangle of solid wall at the end of the house with glass so that light comes from 3 directions. It’s a wonderful idea for those darker homes in the hills! There is also an enclosed “sun room” where a retractable awning offers indoor and outdoor shade, and sliding doors open onto the patio to enjoy our sunny days!

More details at 1661mountain.com

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My sellers wanted to sell their lovely Bay view home before the end of the year.
In an unpredictable market accurate pricing is key.
Their home looked great, received good exposure and was priced just right. Not low enough to leave money on the table, and not so high that it would sit and sell for less than it could!
The buyers used a good local mortgage broker and it was a nice smooth transaction!

6229 Melville

 

6517 Chelton Dr.

I represented the buyers of this unusually well laid out Montclair hills home.
The week this came on the market the agents I tour with voted it “best pick of the day”! The outlook onto the trees is lovely, and although not totally updated it has the mid-century big windows and open plan appeal.
My buyers stayed on top of all the lender’s requests, the mortgage broker met deadlines (quite a feat!), the seller was allowed to stay in place over the holidays, and we had a delightful walk through with the seller when the rent-back ended on January 2nd!

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