2242 Carleton video {swoon}

By July 23, 2015 @ 11:38 pm

Rosie + I just finished the video shoot for 2242 Carleton in Berkeley.  We {heart} it so much!  What about you?

Carleton

2242 Carleton | Berkeley

Perch’d Ladies Announce | 2422 Carleton St., Berkeley

By July 21, 2015 @ 9:19 pm

We are just tickled pink about our newest listing in Berkeley!  2422 Carleton St. is an uh-may-zing-ly exquisite piece of real estate.  Tucked in the heart of the Le Conte neighborhood this simply stunning 4 bedroom, 2 bath home exudes awesomeness.

Here are a few reasons you need to check it out:

-everyone needs a pot-filler
-who wouldn’t want two refrigerators
-4 bedrooms is always enough
-on-demand hot water at the tips of your fingers
-a thermostat that you can program from your phone
-granite counters that look and feel like marble, but aren’t!
-outdoor living room
-fire table
-front porch with a rocking chair
-outdoor string lights
-never far from gourmet food, a well-crafted cocktail, or a local shop

IMG_1517

outdoor living room!

IMG_1483

handmade hammered copper farm sink

IMG_1519

vintage utility sink – outside!

IMG_1525

custom drawer dividers, slow close

IMG_1526

oil rubbed bronze faucet

IMG_1610

6-burner pro range stove with pot filler

Krista + Rosie will be hanging out there Thursday from 10-1, and Rosie will be there to greet you Sunday 2-4:30.

www.2422Carleton.com

Winner!

Oakland Home Prices: It’s Crazy Out There Folks!

By July 16, 2015 @ 6:00 pm

You wanna know what’s crazy? Sales prices in Oakland. If you are a buyer looking to purchase in Oakland, I’m sure you have felt the surge in sales prices in the last few months. Well folks, it’s not your imagination:

  • the median sales price for homes in Oakland is up 25% from the prior quarter and
  • an increase of 19.6% compared to the prior year!
  • Over the last 5 years, sales prices have appreciated 6% in Oakland.

graph_oaklandgraph_Oakland _2

At the same time, inventory is down by almost half from last year!

 

This is creating such a crazy market – great for sellers, super competitive for buyers. Everyone always asks “is this a bubble?” Of course, there is no way for us to know. However, with the Fed keeping interest rates low money is cheap, there are more and more buyers in the market. Unfortunately, without an influx of inventory, it doesn’t seem like the market will have a chance to stabilize.   Now, more than ever it’s important to have a strong team working with you, behind you—whether you are selling or buying – it’s crazy out there folks!

Spotting the Price Reductions

By June 17, 2015 @ 10:44 pm

So, I have been noticing something that I haven’t seen in awhile…price reductions.  More than normal.  What could this possibly mean?

  • Buyers are on vacation
  • Buyers are feeling burned out
  • Listed prices are starting closer to the expected sales price
  • Seasonal cool down
  • Unrealistic seller expectations

But I am also seeing price increases, meaning it was originally listed for multiple offers and the seller did not receive what they were hoping for.  So they increased the price to what they would take.

I polled El Cerrito, Albany, Kensington, Berkeley and Oakland to see what things were looking like this past week.  Here is what I found:

El Cerrito saw one price drop and 1 price increase
Albany saw one price drop
Kensington saw one price increase
Berkeley saw three price drops and
Oakland saw 16 price drops

Screen Shot 2015-06-17 at 11.14.35 PM

>> price changes taken from mls <<

I work with a lot of sellers and the one conversation I always have is about setting expectations.  In a fast moving-market that is full of emotion,  it is nearly impossible to determine what a house would sell for.  For the past 2 years we have seen such a huge gap between the listed price and the sales price.  Now we are starting to see houses that aren’t getting offers on their due date, price changes, and houses being withdrawn.  What do you think is happening?

I am going to continue to track these.  I am curious to know whether the price reduction will get it sold with multiple offers, and whether the price increase will simply get it sold.

 

Are you prepared for a major power outage?

By June 16, 2015 @ 2:36 pm

Screen-Shot-2015-06-08-at-8.47.25-PM

Are you prepared for a major power outage? Last week in a little innocent squirrel caused a major power outage in the East Bay that lasted nearly two and a half hours.  Some of you may have been affected by it – Krista on our team was definitely affected by it and while she was a “little” prepared we thought it would be a good idea to remind you what to do in a power outage.  Whether you are in a Short-Term Power Failure, Long-Term Power Failure, Summer Power Outage, Winter Power Outage (luckily we don’t have a real “winter”) or an Extended Power Outage/Home Shutdown there are few essential items you should keep in your house for moments like these.

  1. Self-powered flashlights
  2. Candles
  3. Glowsticks
  4. Matches
  5. Lighter
  6. First Aid Kit
  7. Extra cell phone car chargers
  8. Water
  9. Coolers
  10. Ice

Check out the full list here.  The most important thing is to have a plan in place for any type of situation like this and to stay calm.  Let us know if you were affected by the major outage last week and how you managed through it!

Archives

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

Perch’d Ladies Announce | 2422 Carleton St., Berkeley
July 21, 2015
By Krista Miller
Oakland Home Prices: It’s Crazy Out There Folks!
July 16, 2015
By Rosie Papazian
Spotting the Price Reductions
June 17, 2015
By Krista Miller
Are you prepared for a major power outage?
June 16, 2015
By Krista Miller
Will the Drought Impact the Bay Area’s Real Estate Market?
June 13, 2015
By Rosie Papazian

Archives