Jan

10

Where is the East Bay Real Estate Market Headed in in 2020

Posted In: Alameda County, Contra Costa County, First Time Home Buyers, For Boomers, For Buyers, For Sellers, Investing, Local Market Statistics

It’s a new year, time to dust off our crystal ball and gaze into the future of the East Bay real estate market.  Will the new year be a good time to sell a house? Can you finally afford to buy that starter home?  Should you invest in a rental property? The good news: As we head into 2020, we [...]

Nov

09

Albany Market Stats for August, September, October 2018

Posted In: Albany, Local Market Statistics

The Albany market saw an influx of inventory last 3 months; October 2018 saw a record number of new listings, the most to come on in one month for years.  See how that compares with years past. October 2018 = 11 new listings October 2017 = 4 new listings October 2016 = 9 new listings October 2015 = 9 new [...]

Oct

23

Is the Market About to go kerplunk?

Posted In: Economy, First Time Home Buyers, For Buyers, For Sellers, Local Market Statistics

Buyers, Sellers + Realtors were all chatting about the market at our open house this past weekend.  It seems that everyone is confused about the market and what was happening: Is it shifting?  Is it dropping?  Is it seasonal? YES!!!  All of the above.  The problem is that we won’t know which it is until it passes.  The other problem [...]

Oct

04

The Heat of the Market

Posted In: Albany, Berkeley, El Cerrito, For Buyers, For Sellers, Kensington, Local Market Statistics

Summer is over and the market is still hot, hot, hot.  However, it isn’t as hot as it has been over the past 6 months.  But here is the thing: our market is hyperlocal and it changes week by week.  How can this be? In a market with low inventory all it takes is for a handful of the same [...]

Oct

02

Albany September Market Stats

Posted In: Albany, Local Market Statistics

Here are the stats for Albany, CA for the month of September 2017.  Market data is provided by Redfin and Bridge MLS and includes sales for only Single Family Detached Homes for the month of September. Data does not include condominiums or off-MLS sales – call us for more details.

Feb

09

El Cerrito Market Update

Posted In: Contra Costa County, El Cerrito, For Buyers, For Sellers, Local Market Statistics

This El Cerrito Market update will blow you away! Check out what the median price and median rent in El Cerrito has been doing since the beginning of summer last year. Week Ending Median Price Median Rent Jun – Aug $800,000 $3500 8/13/16 $751,000 $3300 10/8/16 $722,500 $3150 10/22/16 $730,000 $3150 10/29/16 $730,000 $3200 11/5/16 $755,000 $3200 11/12/16 $752,000 $3150 [...]

Jan

13

What Kind of Market is THIS

Posted In: Alameda County, Berkeley, First Time Home Buyers, For Buyers, For Sellers, Foreclosures & Short Sales, General Real Estate News, Investing, Listings, Local Market Statistics

Multiple offers, oh my!  No contingencies, oh my!  As long as you aren’t in Berkeley, Albany or Oakland, then it might be considered normal.  Normal is defined as a market where buyers and sellers have equal bargaining power.  Yah right, not here!  But all joking aside, even in these very competitive markets we are starting to see some normalcy.  Indeed [...]

Nov

13

Bart vs. Bus: How Living Outside of the BART Zone Will Cost you Less

Posted In: Alameda County, Berkeley, Contra Costa County, First Time Home Buyers, For Buyers, Kensington, Local Market Statistics

Did you know that if you live outside of a designated BART zone that you will not only pay less for your home but you will likely miss the feeding frenzy of multiple offers? The average home in the area around the North Berkeley BART station is selling for 130% over list price and in some cases as high as [...]

Oct

03

Prices comparing 2007 to 2016 are up, and down

Posted In: Alameda County, Contra Costa County, For Boomers, For Buyers, For Sellers, Foreclosures & Short Sales, General Real Estate News, Local Market Statistics

Seven out of ten of the Bay Area counties have surpassed 2007 prices.  I am so surprised.  Surprised, I tell ya!  And here I thought that all counties had surpassed 2007 prices.  But I was wrong. Why do we compare today to 2007?  2007 was the height of the real estate cycle (Note: real estate cycles typically last 7-10 years). [...]

Sep

12

To Remove Contingencies, or Not to Remove?

Posted In: First Time Home Buyers, For Buyers, For Sellers, General Real Estate News, Local Market Statistics

Should you remove your contingencies?  We get asked this question all of the time.  We cannot give you advice as to what you have to do, but we do want to demystify what this is all about. When a buyer submits an offer on a property they have an opportunity to include certain conditions within the contract that must be [...]