Mar

31

Multiple Offer Madness… ( S A L E ! )

Posted In: Listings, Local Market Statistics

Ok ladies and gents, this is crazy.  Check out this list of multiple offers from this week: Julia St., Berkeley, Duplex, REO last I heard there were 17 offers Halkin Lane, Berkeley, regular sale: 3 offers after price reduction Cochrane, Oakland, regular sale, 5 offers Davis St, Oakland, short sale, 3 offers Angels Bay Ct., Richmond, regular sale, had accepted [...]

Mar

06

Housing Snapshot: Seven Bay Area Counties: February 2009

Posted In: Local Market Statistics, Mortgage & Finance, Uncategorized

Feb

25

Days On Market, Last 2 Years: Berkeley, Albany, El Cerrito, Kensington, Richmond and Oakland

Posted In: Albany, Berkeley, El Cerrito, Kensington, Local Market Statistics, Oakland, Richmond

Let’s take a look at what the average days on market has done over the last two years in each of our neighborhoods.  Percentages are from Jan/07 vs. Jan/09. Albany, down 66% Jan 2007  24 Jan 2008  43 Jan 2009  8 Berkeley, all, down 7% Jan 2007  45 Jan 2008  43 Jan 2009  42 Berkeley Hills, up 7% Jan 2007  [...]

Feb

20

Berkeley Oakland Median Prices Over Last 2 Years

Posted In: Berkeley, Local Market Statistics, Oakland

Here is a market snapshot for median prices for Berkeley and Oakland…click on the image for a larger view. 1st Graph: BERKELEY Median Price for solds did not change from Jan ’07 vs. Jan. ’09. 2nd Graph: OAKLAND Median price for houses sold down 72% from Jan. ’07 vs. Jan. ’09

Feb

11

NOD’s Filed For Q4-O8 Are Down

Posted In: Foreclosures & Short Sales, Local Market Statistics

The number of mortgage default notices filed against California homeowners fell last quarter to its lowest level in more than a year.

Jan

27

December 2008 Bay Area Sales

Posted In: Local Market Statistics

Bargain hunting dominated the Bay Area housing market last month as the purchase of foreclosure properties accounted for more than half of all resales for the first time. Sales patterns also reflected continued problems for buyers looking to finance purchases in the upper half of the market’s price range, a real estate information service reported.   The chart below shows [...]

Jan

22

The Future Looks Grim, So Sayeth Carole Rodoni

Posted In: Economy, For Buyers, Foreclosures & Short Sales, General Real Estate News, Investing, Local Market Statistics

If you are looking for someone with a strong opinion about the economy and real estate, then look no further than Carole Rodoni.  Her leadership and statistical analysis of the economy and how it affects real estate makes her opinions extremely valuable.  Yesterday I spent nearly 2 hours in a room with 500 other curious minds to see what Carole had [...]

Jan

16

Alameda & Contra Costa County Statistics, Oct. 2007 – Dec. 2008

Posted In: Economy, First Time Home Buyers, Foreclosures & Short Sales, General Real Estate News, Investing, Local Market Statistics

The first graph is for single family homes in Alameda County, the second graph is Contra Costa County.  The blue bar shows “sold,” the green bar shows “for sale,” and the triangles show “pending.” First of all, let’s look at the obvious.  Both graphs show a similar pattern with January being the lowest in inventory.  In February inventory goes up, peaks in [...]

Jan

08

Real Estate Predictions for 2009

Posted In: Economy, General Real Estate News, Local Market Statistics

As promised I have put together my real estate predictions for 2009.  Ok, if I could really make predictions, I’d be rich.  Don’t get me wrong, I have my opinions, and I am certainly entitled to them.  But just keep in mind, these are just predictions and while they aren’t terribly optimistic, take them with a grain of salt… 1.  [...]

Dec

09

Forbes.com: 10 Best Suburbs to Sell A Home. Berkeley is #1!

Posted In: Berkeley, Economy, For Sellers, General Real Estate News, Local Market Statistics

Berkeley, Calif., known sometimes as a hippie haven, is becoming a hotbed for home sales. Prices in the Bay Area suburb are up 9% this year, with homes selling for a median price of $790,986. Properties are sitting on the market for 73 days on average, the lowest of any area with positive price trends within the confines of the [...]