Bay Area Sunsets…

By March 24, 2015 @ 6:47 pm

 

Bay Area sunset, no filter

 

Bay Area sunsets kinda rock.

But I might be biased.

Bay Area Buyers: Are You Tired Yet? Consider Investing.

By March 23, 2015 @ 10:53 am

Buy me! {except i am in north carolina}

Where does a wary buyer in the San Francisco Bay Area, who has had their offers rejected 13 times, find a house?  North Carolina.

“Lovely, ranch style, 2033 square feet, custom built in 2006, Listed at $198,000″

“1700 square foot, custom new construction, 4 beds and 3.5 baths, peaceful view, listed at $209,900″

or how about

“All one level, brick exterior, acres of land, listed at $76,900″

During the first week of March here is what one area saw:

New Listings: 30
Closed Sales: 15
Pending Sales: 19
Avg Sales Price: $102,975
Highest Listed Price: $649,500
Lowest Listed Price: $7,900
Highest Sales Price: $289,000
Lowest Sales Price: $14,000
Average Days on Market: 135 days

Maybe it is time to consider continuing to rent in our awesome hood and buying investment property elsewhere.  Don’t forget, buying real estate isn’t just about finding a place to put your roots down so that you no longer waste money on rent, but it is also a way to build wealth.  So to the buyers who have been pushed out of our market, let’s strategize.  Perhaps you can put your $950,000 into 4 or 5 houses in other areas.

Buyers Should Strike

By March 18, 2015 @ 4:15 pm

HP_4

break down the doors!

Attention Buyers: it is time for you to strike! This crazy market has got to stop.

Buyers are being forced to remove not just their inspection contingency, but their financing contingencies as well, even if they are getting a loan.  Buyers are more confused than ever about where the value lies.  “The Berkeley market is no longer about numbers and logic, it is about emotion, exhaustion, and giving in” said Michelle, a buyer.  “I have been writing offers in Berkeley for the past year and now I am priced out.”

And it has gotten crazier this year.

Check out the list price to sales price over a 30 day trend:

Albany: 114% over the list price
Berkeley: 113%
El Cerrito: 112%
Kensington: 120%
Oakland: 108%

Average Sales prices:

Albany: $750,000
Berkeley: $1,091,170
El Cerrito: $615,833
Kensington: $1,030,200
Oakland: $615,429

Alameda prices are now what Berkeley was two years ago.
Castro Valley has caught up to El Cerrito
San Leandro has caught up to the Richmond Hills.

QUESTIONS WE HEAR:

“What will create change?”  More listings, less buyers.
“If we have more listings will prices go down?”  Probably not.  But the list price to sales price will become a smaller spread.
“When will more listings come on?” I wish I knew, but all signs are pointing to a flourishing Spring market.

 

 

Perch’d is on Pinterest!

By March 3, 2015 @ 3:26 pm

Perch’d is on Pinterest! Check out some of the fun things we like to do in the Bay Area as well as find out about some of the cool things about your neighborhood! We are busy pinning great things for you to enjoy! Let us know what your favorite pin is! Pinterest_Logo_

Albany Unified School District Ranks 6th!

By January 27, 2015 @ 2:32 pm

Albany Unified School District Ranks 6th in the Bay Area!  Berkeley Unified ranks right behind at 7th place! Check the full rankings hereSchool District

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Welcome to Perch'd Real Estate Team

Powered by Berkeley Hills Realty we are a local, top producing Real Estate Team with a bird's eye view of the real estate market in the San Francisco Bay Area. Hold on tight and check back often – real estate in the East Bay is movin' and shakin' and will surely keep you on your toes.

Recent Posts

Bay Area Buyers: Are You Tired Yet? Consider Investing.
March 23, 2015
By Krista Miller
Buyers Should Strike
March 18, 2015
By Krista Miller
Perch’d is on Pinterest!
March 3, 2015
By Krista Miller
Albany Unified School District Ranks 6th!
January 27, 2015
By Krista Miller
3% Down Payment?
December 8, 2014
By Krista Miller

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