Luxuriously-appointed Bayport home with upgraded options & customized conveniences, spacious floor plan, large gourmet kitchen, Caesarstone countertops & stainless steel appliances, master bedroom suite with large walk-in closet & separate retreat/den space, formal lvng/dining rooms, easy access to landscaped garden/patio. Great home! Asking price is $669,000.
http://www.inkswitch.com/viewItem.php?itemID=71411&rev=4157
A REAL ESTATE BLOG: Activity in the Piedmont Avenue and Temescal Neighborhoods of Oakland
Sunday, January 22, 2012
Wednesday, January 11, 2012
Piedmont Avenue and Temescal neighborhood real estate activity during 2011 versus 2010
Comparing Piedmont Avenue and Temescal neighborhood real estate activity during 2011 versus 2010, homes sale prices and days on the market decreased 10% during 2011 with sales volume significantly increasing by 40% in the -$800,000 sales price range while homes sale prices, days on the market and volume all decreased by 4%, 33% and 70% respectively, during 2011 In the $800,000+ sales price range. This is great news overall for buyers as prices continue to come down with inventory up and it is also great news for sellers who need to sell, as increased inventory is actually selling quicker in all price ranges.
| Comparison of 2010 versus 2011 year end data | 2010 | 2011 | ||||
| Sales Price | Avg Sale Price | Number of homes | DOM | Avg Sale Price | Number of homes | DOM |
| $0-$800,000 | $572,713 | 42 | 48 | $515,026 | 59 | 43 |
| $800,000+ | $847,200 | 3 | 36 | $815,750 | 2 | 11 |
| Difference 2010 versus 2011 | Avg Sales Price | Volume | DOM |
| $0-$800,000 | ~10% decrease in 2011 | ~40% increase in 2011 | ~10% decrease in 2011 |
| $800,000+ | ~4% decrease in 2011 | ~33% decrease in 2011 | ~70% decrease in 2011 |
Thursday, September 8, 2011
San Francisco Real Estate Market Update
Our Chief Executive Officer, Mark McLaughlin, recently painted an interesting overall summary of the real estate market based on the input from our offices around the Bay Area. I thought this would be interesting information for you to read....
"With respect to residential real estate specifically in the San Francisco Bay Area, we are a largely supply constrained market. In the six counties we serve, only two counties really experienced over building in the pre-2007 housing boom. As a result, our inventories are manageable and not causing downward pressure on pricing."
"In a conference call yesterday with our Management Team the following observations were made of this week’s market activities:
San Francisco – stability seems to be present. Business as usual although light activity as expected in summer. Multiple new escrows in past few days mainly in $1.25 to $2.25 million range.
Marin – High-end of market is still performing although summer slowdown is real. PUI is scheduled to close $45 million in August ’11. Six (6) deals currently pending to close in August ’11 over $2 million, one over $4.5 million – all buyers seem stable, committed and feel values are still appropriate.
Alameda – General market consensus is cautious but very active with appetite for additional inventory. Market needs additional inventory in the $750K - $1.2 million price range. Historically low mortgage rates are motivating buyers. Seems like a great time to be a seller!
Contra Costa – Status quo seems to be prevailing attitude. More new inventory this week than expected is a positive sign leading up to schools starting back up again. Distress sales (short sales, REOs and pre-foreclosure) still seem to generate multiple offers which confirms value-pricing is paramount!
Napa – High-end of market is on fire!! Since Saturday, PUI ratified both sides of a deal over $7 million, two deals at est. $2.4 million, two more at $1.2 and $1.9 million. We also represent two very active buyers over $10 million.
Sonoma – No evidence of stress in the markets yet! PUI secured eight new listings last week and ratified eight new escrows between $400K - $1.495 million. Like Contra Costa County, historically low mortgage rates are motivating buyers. Seems like a great time to be a seller!
It really is interesting how strong the demand for housing is in the San Francisco Bay Area! We are lucky to have Mark's insight's which helps us better advise our clients. Thanks, Mark
"With respect to residential real estate specifically in the San Francisco Bay Area, we are a largely supply constrained market. In the six counties we serve, only two counties really experienced over building in the pre-2007 housing boom. As a result, our inventories are manageable and not causing downward pressure on pricing."
"In a conference call yesterday with our Management Team the following observations were made of this week’s market activities:
San Francisco – stability seems to be present. Business as usual although light activity as expected in summer. Multiple new escrows in past few days mainly in $1.25 to $2.25 million range.
Marin – High-end of market is still performing although summer slowdown is real. PUI is scheduled to close $45 million in August ’11. Six (6) deals currently pending to close in August ’11 over $2 million, one over $4.5 million – all buyers seem stable, committed and feel values are still appropriate.
Alameda – General market consensus is cautious but very active with appetite for additional inventory. Market needs additional inventory in the $750K - $1.2 million price range. Historically low mortgage rates are motivating buyers. Seems like a great time to be a seller!
Contra Costa – Status quo seems to be prevailing attitude. More new inventory this week than expected is a positive sign leading up to schools starting back up again. Distress sales (short sales, REOs and pre-foreclosure) still seem to generate multiple offers which confirms value-pricing is paramount!
Napa – High-end of market is on fire!! Since Saturday, PUI ratified both sides of a deal over $7 million, two deals at est. $2.4 million, two more at $1.2 and $1.9 million. We also represent two very active buyers over $10 million.
Sonoma – No evidence of stress in the markets yet! PUI secured eight new listings last week and ratified eight new escrows between $400K - $1.495 million. Like Contra Costa County, historically low mortgage rates are motivating buyers. Seems like a great time to be a seller!
It really is interesting how strong the demand for housing is in the San Francisco Bay Area! We are lucky to have Mark's insight's which helps us better advise our clients. Thanks, Mark
High Balance Conforming Loan Limit Update
Just a quick reminder that effective October 1, the high balance conforming loan limit drops back to $625,500 with any loan above this amount is considered a jumbo loan with higher pricing.
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