HAPPY SUNDAY, HARDLY, STRICTLY, BLUE GRASS, FLEET WEEK, LOVE THE BAY AREA!!!
Well, the market continues to change and become location specific…feels like we are leveling out, for the most part . Although we have sold only 3% fewer homes this fall compared to last fall nationally, and saw a 9% price increase year over year. Buyers, this is your time of year, pricing goes flat now through November with a slight jump in December…that has been the pattern for the past 5 years.
Here in the Bay Area, certain homes are still seeing an increase in value, but generally seem to be leveling off…except in the entry level pricing at $400-700K. Homes are still under-listed in other price points and we still have some homes that become very popular and sell for exuberant prices, but we are seeing some leveling at this point.
CONGRATULATIONS Susan and Cathy!!!!! These ladies just sold 135 RENFREW for $580K!!! Now, we knew we would get an offer in the high 400s to low 500s…but we did not expect this way, big, price! They did all the right stuff to keep the charm and achieve a very nice sales price! We have talked about buying appreciation in the past and folks go…huh? Well, this is a perfect example of this…the property appraised for $525K, the buyers had a very large down payment and were able to pull that $55K from there. This is happening more and more, but these folks would not have been able to take the day so to speak, without their non-contingent offer at that price we had 3 offers over $550K…this speaks volumes to the property…listed at $419K!
135 RENFREW in EL SOBRANTE: listed at $419K/SOLD 580K!!!!
25401 CAMPUS in HAYWARD HILLS: listed at 599K, IN CONTRACT, OVER LIST!!
We are looking for FIXERS off-market, lots of our developers are looking for work!!
***We need to remain vigilant about WIRING monies these days, numerous agents in our area have reported WIRE SCAMS for new home buyers. Please get verbal instructions from the title company and double check with us before sending any money!***
Please see our activity below:
OPEN TODAY: LIST PRICE NOTES
NO OPENS FOR US TODAY!!
IN CONTRACT: LIST PRICE SOLD PRICE
535 PIERCE, Albany $499K IN CONTRACT (way over list)
135 RENFREW, El Sobrante $419K IN CONTRACT (21 offers, way over list)
6010 ACADIA, Pleasanton $899,950 TBA/PRE-EMPTIVE OFFER
24501 CAMPUS, Hayward $599K IN CONTRACT (well over list)
1235 McAllister, SF $549K $680K
1058 NEILSON, Albany $1,095,000 $1,250,000
5791 BELLFLOWER, Newark $739K $748K plus (14K+)
OCEAN AVE in POINT RICHMOND: 5,000 square feet of living, 3 bridge views, 3,500 sq. ft. adjoining lot…WOW, way, way more to come…NOVEMBER, This is in the million dollar plus range. Preparing this property is going to be much fun! The sellers are doing a refresh on the home to enhance those views…did I mention there is an adjoining lot of 3500 sq ft next door to be sold with the home!! Lots of garden possibilities maybe even an ADU (Alternative Dwelling Unit)! THIS IS A PHENOMINAL PROPERTY!!!! If you owned this property the Blue Angels would be your afternoon entertainment today!
SANTA MARIA ST. in OAKLAND: This will be an excellent opportunity to own in a small community in Jingletown!
3090 GLASCOCK ST. in OAKLAND: This one is super cool, great commuter neighborhood and Alameda Downtown District, and The Fruitvale! The other side of Jingletown!
Please let us know if you would like some time to discuss Real Estate, or if you would like to be pulled from the list. Also, let us know if you have a friend or family member who would like some assistance selling or buying a home! We will treat them with the same attention we treat all of our current sellers and buyers: with MUCH CARE!
1215 Solano Ave., Albany, CA 94706
Serving San Francisco and the East Bay Area