El Cerrito Market Update

By February 9, 2017 @ 2:12 pm

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El Cerrito, population of 24,316

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
11/19/16 $752,000 $2950
11/26/16 $752,000 $2800
12/3/16 $752,000 $2800
12/10/16 $768,000 $2800
12/24/16 $785,500 $2900
1/7/17 $809,500 $2900
1/14/17 $809,500 $2900
1/21/17 $815,000 $2745
1/28/17 $815,000 $2745
2/4/17 $817,500 $2650

When buyers and sellers ask us what a house is going to sell for it is very difficult to predict.  This graph shows the unpredictability in the market, and more important, how it changes week by week.  When we meet with a seller 2 months before the house will come on the market there is no way to predict what the price will do when it is time to bring it on the market; conversely, if a buyer is asking what they should offer on a house, it is difficult to give them an answer until just before the offer is due.

The median sales price for El Cerrito just hit an all time high this week.  What has been predictable is the trend: based on historical data over the past 5 years the median price will continue to increase into the Spring and Summer months; by September the median sales price begins to decline, rising again in February of the following year.   If that sales price cycle remains true for this year then expect April, May and June to be the best selling months and October, November and December to be the best buying months.

But look at the rents!  The rental ceiling appears to occur just before the median price starts to decline.   This is important information to know if you are looking to sign a lease.

CHECK THIS: 5 years ago the median price was $425,000.  Compare that with today’s median price of $817,500 and you have some very generous appreciation.

How I Brought NYC Home

By January 30, 2017 @ 8:05 pm

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NYC, how I love thee!  XOXO, Krista

So I just came back from NYC where I was attending the Inman Connect, a real estate conference where Realtors from all over the country meet for 5 days to talk technology, how to build a better business, and of course, real estate.  I love going to the event because I make some amazing connections and learn a lot of great tools, all while being surrounded by the greatness of NYC.  (During the summer the event is in SF, but since I live in SF that conference doesn’t seem as glamorous.)

You all know I love food, so of course I was constantly scouting out the best eats in food, coffee and dessert.  During a much needed coffee break I took a stroll up 8th Avenue, on my way to Bibble and Sip, where I was going to try out their infamous lavender latte.  I thought that if this latte really was the hit I hear it is, I could learn to make it and offer up guests at my house, something fun and different, and easy to make!

Turns out the lavender latte wasn’t for me…

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Mocha was better

…but the Earl Gray creme puff sure was!

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Creme puff the size of my fist!

While strolling up 8th Avenue I passed a restaurant called Thalia.  I didn’t eat there, but outside they had the coolest light display.  They had strung lights, the kind you see everywhere, but strung them 4-in-a-row along the outside of the restaurant.  And that got me thinking…what a cool idea for someone to do with those old clotheslines you often see in the backyards of many of our homes!

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Coolest clothesline!

While meandering through Greenwich Village on our day off we happened upon a deliciously sexy olive oil shop called O&Co.  They had the most amazing chandelier made out of little bottles of olive oil…so cool!  And I thought: what a fun way to display a collection of shot glasses or tea cups.

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Try the garlic olive oil!

One of my FAVORITE places in Times Square is, well, central Times Square!  It isn’t just the energy, but the red tables.  Oh how I LOVE the red tables!  If you are looking for a fun way to add some color and energy to your own backyard consider getting a brightly colored table and chairs, like the Fermob ones found at The Wooden Duck in Berkeley.

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Fermob! Fermob!

Having a party with kids?  Do as Momofuko does and make a cookie with cereal!!  Some of the most creative cookies come out of this bakery, and I have tried them all!

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cereal cookie!

Lastly, the best way to bring a little NYC into your home?  Think outside of the box with color!  Add a little color to spice up a room – ever thought of putting purple, charcoal and orange together?  Check out these painted brownstones I spotted near Washington Square Park!  Or mix and match the chairs around your dining room table to mimic the seats on the NYC Subway.

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Hubba hubba color!

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Clean and bold subway

Ah NYC, how I love thee!  Some leave their heart in SF, but I left mine in NYC.

 

 

What Kind of Market is THIS

By January 13, 2017 @ 12:51 pm

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Is this really normal?

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 there are opportunities for buyers to actually inspect and negotiate.  Many buyers who purchased during the 2004-2006 boom are now seeing that they have some equity and might be able to finally move up.

According to Zillow Berkeley confirms that we have a healthy market:

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Rental prices are starting to drop.  A little.

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And prices in 2017 are not expected to change much.

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So it does seem that we are entering a more normal market.  What do you think?

 

Calendar of Local January Events in the East Bay

By January 7, 2017 @ 10:52 am

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January – make it awesome!

Here is a calendar of fun, local events in January throughout the East Bay.  The marketing team in my office does a great job of putting this together each month so make sure to check back next month for more events!

January Calendar of Events

Our Holiday Card

By December 22, 2016 @ 12:16 pm

The Krista + Rosie team had such a blast this past year, in part due to all of the awesome people we helped out this year.  We are truly blessed to live her, play here, and work here.  Want to be on our mailing list too?  Drop us a line and we can send you a card.

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Welcome to East Bay Living Real Estate

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

How I Brought NYC Home
January 30, 2017
By Krista Miller
What Kind of Market is THIS
January 13, 2017
By Krista Miller
Calendar of Local January Events in the East Bay
January 7, 2017
By Krista Miller
Our Holiday Card
December 22, 2016
By Krista Miller
East Bay Realtors Come Together to Support the Victims of the Ghost Ship Fire in Oakland
December 7, 2016
By Krista Miller

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