Local Market Statistics

Feb

San Francisco Area Home Prices Up In Q4

Posted In: Alameda County, Contra Costa County, For Buyers, For Sellers, General Real Estate News, Local Market Statistics

San Francisco Business Times February 12,2013 San Francisco and San Jose were among the housing markets to see the biggest gains in home prices during the fourth quarter, new data shows. The San Francisco-Oakland-Fremont area saw a gain in home prices of 28.3 percent year over year, while prices in San Jose were up 24.8 percent, according to the National [...]

Jan

Sean O’toole’s California Forecast for 2013

Posted In: Court and Auctions, First Time Home Buyers, For Buyers, For Sellers, Foreclosures & Short Sales, General Real Estate News, Local Market Statistics, Mortgage & Finance

Interesting article from www.foreclosuretruth.com http://www.foreclosuretruth.com/blog/sean/california-forecast-for-2013-more-of-the-same-save-the-black-swan/#comments I actually agree with most of this article, with my key thoughts being: In our neck of the woods trustee sale investors (think large suitcases full of cash on the courthouse steps) are seeing more competition but still finding amazing deals. Most are not banking on large ROI’s anymore, just looking to make a few [...]

Nov

Low Inventory Nationwide

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

In my last newsletter I talked about the super crazy low inventory, not just here in the Bay, but nationwide. It seems that low inventory is a problem in many areas across the country. We are fortunate here in the Bay Area because we are recovering a lot faster than many of these other areas with appreciation rates averaging 8% [...]

Sep

Low Low Inventory!

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

Prices up, multiple offers up, buyers up…BUT Inventory is down. Check it: This is why I am no longer just in the business of selling homes, I am now in the business of offer-writing!

Aug

Home Sales Up : Berkeley, Oakland, Albany, El Cerrito

Posted In: Alameda, Alameda County, Albany, Berkeley, Contra Costa County, El Cerrito, Kensington, Local Market Statistics, Oakland

Looks like home sales in our area were up the last couple of months, despite the rest of the country seeing a decrease. The median price in the immediate east bay jumped to its highest level in almost four years. This is due in part to super-low interest rates, pre-approval guidelines opening up, and no inventory. The median price paid [...]

Jul

Low Inventory Speaks Multiple Offers

Posted In: Albany, Local Market Statistics

Need I say more?

Jun

Dear Buyers: Time To Occupy Real Estate?

Posted In: Albany, Berkeley, General Real Estate News, Local Market Statistics, Oakland

Dear buyers of Berkeley, Albany and Oakland real estate: At some point the craziness must end! How long can this go on? 21 offers here, no contingencies there, $175k over asking here, all cash there… My buyers, my colleague’s buyers, my neighbor who is buying…are all frustrated! Rates are low, prices are on the rise, and we have no inventory. [...]

Jun

East Bay Pending Stats for May 2011-2012

Posted In: Alameda County, Contra Costa County, Local Market Statistics

This explains why we have had a market full of multiple offers

Jun

Albany, CA Real Estate Stats

Posted In: Albany, For Buyers, For Sellers, Local Market Statistics

Here are the latest stats for single family homes in Albany.

Jan

Prices Drop Nationwide, Not Necessarily the Case in Berkeley and the Surrounding Areas

Posted In: Alameda County, Contra Costa County, General Real Estate News, Local Market Statistics

Case-Shiller Records 3.7% Annual Drop in Home Prices Data released this morning by Standard & Poor’s showed an annual decline of 3.7 percent in November for the 20-city composite reading of its S&P/Case-Shiller home price index. Analysts were expecting a year-over-year drop in the range of 3.2 to 3.4 percent. Eighteen cities were in negative territory. Detroit and Washington, D.C. [...]