The Heat of the Market

By October 4, 2017 @ 5:44 am

Home Sweet Home

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 houses to come on the market at the same time.  Late August the inventory in Berkeley and Albany was low.  Yes, it was a seasonal low, but there were still enough buyers to make these homes receive multiple offers and sell for over asking.  The week after labor day that all changed: 18 2 bedroom, 1 bath homes came on the market in Berkeley alone, an uptick in inventory like we haven’t seen all year.

What happened was that for each house that was previously receiving 6-10 offers, there were now enough houses for all of the buyers.  As a result, some homes in El Cerrito, Kensington and Berkeley did not receive offers on the anticipated offer date.

The past two weeks saw daily emails from agents who had sent out emails saying “No Offers,” “Offers as they come,” and “Transparent Pricing.”

In looking at the data many of these homes are now in contract, but only time will tell whether these homes sold for the anticipated price.  This is one of the dangers of a market with low inventory.  If you are considering selling then be sure to consult with a hyperlocal agent who knows your area and understands the inventory trends.  This week?  Inventory is back to normal {low} levels.

 

Peaceful Retreat in the Heart of Hercules

By September 27, 2017 @ 11:00 am

Affordable housing in the East Bay?  We’ve got it covered!  Our newest listing, centrally located in the heart of Hercules, exudes charm, character, and serenity.  Welcome to 708 Forest Run, a peaceful retreat tucked amidst a wooded, park-like setting in the heart of Hercules.  Located on the top floor at the end of a 4 unit building, you’ll love this private and serene home.

Built in 1990, this chic 2 bedroom, 2 bath home has been tastefully updated to enhance modern-day living.  With vaulted ceilings and large, dual-pane windows light shines in from all directions.  The living room and stylish dining room are perfect for hosting friends and family; the sunny kitchen features a new stove, updated countertops and a garden window that looks out into the trees.  The spacious master bedroom features vaulted ceilings, new carpet and two large closets with custom closet organization shelving.  Fresh paint, updated floors, and in-unit laundry make this home move-in ready.

Off the dining room is access to a sunny balcony framed by wooded trees.  Leave the door open to create easy indoor-outdoor entertaining or simply allow the breeze to blow through.  This unit is one of 8 units that feature its own driveway leading to a private garage.

The complex is set in an enchanting eucalyptus grove and provides a cozy retreat from the daily routine.  There is a community pool and hot tub, perfect for relaxing in the afternoon.  The neighbors are friendly and greet each other with hello; the community is active and you will often see people walking their dogs, jogging or pushing strollers along Village Parkway Circle, a perfect 2 mile loop.  The clubhouse is ideal for small meetings.

The location is simply ideal: the building itself is its own private oasis but within minutes of incredible shopping, top-rated restaurants, and public transportation.  Shop at Sprouts and Trader Joe’s, dine in at Hunan Villa or grab some chicken wing from Mountain Mikes.  Looking for things to do at night?  Listen to live music at East Bay Coffee and grab a cocktail from Pear Street Bistro.  Commute to work?  Casual carpool and the SF Express Lynx bus are around the corner.  And you can’t beat the near-perfect weather year round.

Whether you are looking for a space to host friends and family, a peaceful retreat to come home and unwind, or a community-focused lifestyle to raise a family, this home has it all.

Oh, and the best part?  This stunning home is listed at $315,000.  You read it right.

For more information visit www.708ForestRun.com

2 Open Houses Today 

By June 18, 2017 @ 7:27 am

Spacious 3 Bedroom Rancher in Richmond North + East

Luxurious condo near UC Berkeley + Gourmet Ghetto

New Listing: 1086 Spruce, Berkeley Hills

By June 4, 2017 @ 7:16 am

We have a new listing: 1086 Spruce St in the Berkeley Hills!  If ever there were a home that exuded absolute quintessential Berkeley, this is it.  This outstanding home features 3 bedrooms and 1.5 baths, and with approximately 1972 square feet there is plenty of room to roam.  From the original woodwork and wainscoting to the lighting and beautiful built-ins, this home will take you back in time.  Enjoy the expansive bay views from the living room, updated kitchen and two bedrooms – simply stunning sunsets.  Please visit us at one of our scheduled open houses.  www.1086Spruce.com

Albany and Berkeley Make the “Best of” Charts

By May 9, 2017 @ 8:58 am

View of Berkeley + Albany, from Indian Rock. Photo by Krista Miller.

Niche.com, a nationwide rankings and review site with information in K-12 schools, colleges, cities and neighborhoods, has recently come out with their 2017 “Best of” lists.  From “Best Cities to Raise a Family” to “Best Public Schools“, Niche.com has become a resource for discovering the schools and neighborhoods that are right for you.

Two of our East Bay cities made the top lists.  Albany, CA was ranked in the top 10 of Bay Area school districts with the best teachers.  As a parent of two children in the Albany schools, I can attest to just how amazing the teachers are.  Additionally Albany High School ranked #17 of the top 100 high schools in the Bay Area.  Way to go, Cougars!

Rounding off the top 5 best cities to live is Berkeley, CA.  Yes, top 5 of ALL cities!  I live and work in Berkeley, so of course I will agree.  Our town is walkable, bikeable, hikeable.  Best food, best farmer’s markets, best access to local meats and dairy.  Gorgeous weather, parks, kid-friendly and pet-friendly.  Sit down in any cafe and you will hear 10 languages being spoken around you.  The architecture is spectacular, from Craftsman to Cottage to Fish.  Berkeley is where the brightest of minds pass through.

Adding to the list is Cal… UC Berkeley has consistently been ranked as the #1 public university in the world!  And according to forbes.com UC Berkeley is considered the best VALUE of all universities, public and private.  Even more reason to love Berkeley!

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Hi friends! We are Krista + Rosie, the brains behind the East Bay Living website. Powered by Berkeley Hills Realty we are a top producing real estate team working {and having fun} in Berkeley, Oakland and the surrounding areas. From buying + selling to DIY + home decor to plumber + gardener recommendations we are your one-stop-shop for all things real estate.

Recent Posts

Peaceful Retreat in the Heart of Hercules
September 27, 2017
By Krista Miller
2 Open Houses Today 
June 18, 2017
By Krista Miller
New Listing: 1086 Spruce, Berkeley Hills
June 4, 2017
By Krista Miller
Albany and Berkeley Make the “Best of” Charts
May 9, 2017
By Krista Miller
How Following Zillow’s “Best Time to List” Tool Could Hurt You
April 25, 2017
By Krista Miller

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