Are we at the peak?

It sure feels like we are approaching the peak as some houses have not received any offers this week and are “lingering” on beyond the usual 14 days on the market.  That said I have been writing offers every week for clients and have come in 2nd one too many times.  Just this week I wrote an offer $400,000 over asking price and came in yet again 2nd…. It is really disheartening for clients to keep writing offers and be rejected even when they write that much over the list price.  Is the list price way too low?  Yes in some cases but the market is such that buyers expect to overbid 10%-20%. If a seller decides to price high there will be hardly if any overbids.  My colleague wrote an offer on a home listed within 5% of value and even though they wrote $200,000 over asking price the sellers rejected their offer..

Have you seen the  new trend of “transparent” prices?  It is popping up everywhere.  Sellers list a home at the price they expect to receive or agree to sell their home for.  Those “transparent” prices are quite high but maybe that is the way to be fair and more honest to the buyers too.  What do you think?  As a seller or a potential buyer would you prefer to deal with transparent prices from now on or keep the status quo?

Best regards,

Catherine

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New listing in Richmond View

1900 Tassajara avenue, Richmond View

This lovely home has been tastefully remodeled with a bright and modern interior. Situated on the corner of Tassajara and Hazel Avenues, within one block of the Tassajara Playground, and in wonderful move-in condition!

Offered at $629,000 www.1900Tassajara.com

Three bedrooms, one and a half baths

Refinished hardwood floors in living/dining/kitchen

Remodeled kitchen with an open floor plan to the dining room, with new cabinets, new countertops and new appliances

Beautifully converted garage off the kitchen, currently used as an art studio, with high exposed-beamed ceiling, bamboo floors, half bath with barn door, and French doors leading to the garden

French doors in the living room leading to side yard

Full bath has original grey and pink tiles and a modern vanity

Fig, cherry, guava, apple, pear, persimmon, pomegranate, nectarine, peach, lemon, lime, and orange trees, plus blueberry bushes and veggie beds

Finished Tuff Shed in the backyard with sheetrocked walls, lighting, and electricity

Significant improvements done since 2013 include: seismic retrofit, new central heating system, dual-pane windows, landscaping

Come visit me this weekend on Saturday 11/18/2017 and Sunday 11/19/2017 from 2-4pm during open house times.

 

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Sales Of Homes For $500K & Less Plummet In SF Bay Area

This is a reprint of an article I just read.

BAY AREA, CA – Two studies released Friday show the number of homes for sale in the San Francisco Bay Area for half a million dollars or less is falling, according to the studies by CoreLogic and Metrostudy.

CoreLogic research analyst Andrew LePage said that the number of deals last month for less than $500,0000 dropped 28 percent in a year and the number of deals for less $300,000 plummeted 41.5 percent.

A report by Metrostudy shows that only 12 percent of new homes are priced under $500,000 because prices in suburbs are rising.

“Many first-time buyers face a daunting challenge in one of the nation’s priciest housing markets,” LePage said in a statement.

Greg Gross, Metrostudy regional director for Northern California, said in a statement, “The story in this market continues to be affordability.”

Last month, the median price for new and used homes in the Bay Area was $739,000, down from $740,000 in August 2017. The median price last month is up 13.7 percent from $650,000 a year ago as buyers bought in areas with higher-priced homes, according to LePage.

The all-time high median price is $775,000 set in June of this year.

Last month’s sales of new and used homes dropped 7.5 percent from 7,934 to 7,338 in a year. Last month’s sales were also 11.7 percent lower than the historical average for September.

Historical data for the report start in 1988.

El Cerrito Statistics since January 2017:

Median is a 3bedroom/2bath house with 1,541sqft on a 5,120sqft lot selling for $900,000 at $584/sqft.

The lowest sale so far in 2017 is a small 1/1 home on El Dorado that sold for $325,000.

The highest sale is on Madera Circle.  Home was a large 6bedrooms/6baths with 7,419sqft of living space and sold for $2,218,500.

For specific neighborhoods please contact me via email, text or phone call and I will be happy to share with you a market analysis of your neighborhood.

Best regards,

Catherine Krueger, Realtor

510-813-0970 cell phone

Catherine@CatherineKrueger.com

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Open House Alert October 15th, 2017!

Here is an overview of my latest listing in Richmond View:

More photos and info can be seen at http://www.1905Tulare.com

Come visit me this Sunday October 15th from 2-4:30pm to view this lovely home with filtered views of the Bay.

3-bedroom, 1-bath home with large, gently sloping backyard and new Trex deck and a great bonus space downstairs off of the garage.

New kitchen with brand new white cabinets, dark grey quartz counter tops and it also includes a white Fisher-Paykel refrigerator, Bosch stainless steel stove and dishwasher

New bamboo floors and new Pella dual-pane windows throughout

Upgrades include: central heat (2011), full insulation in ceilings and walls (2014), and new roof (2010)

Sewer lateral compliant and very low pest report.  Large basement with full height ceiling perfect to be transformed into a workshop, hobby room or storage room.

 

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Looking for a quaint fixer to make your own??

Great home in the heart of Richmond Annex in need of TLC. Corner lot with easy access to freeways and one block from El Cerrito Natural Grocery store and food annex, restaurants, beer garden.  Walking distance to El Cerrito public library and elementary school (2 blocks).  Enjoy a nice spacious backyard open to many possibilities of transformation with the convenience of a 2 car garage and extra storage room. This special home can be yours.  Listed for $475,000. Make the upgrades you want and reap the benefits. Open this weekend from 2-4pm.

http://www.6000SantaCruz.com for photos and details.

Catherine Krueger

510-813-0970 for questions.

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325 Pomona Avenue, El Cerrito

Open House tomorrow Thursday August 24th, 2017 from 9:30am till noon.

Open House Sunday August 27th, 2017 from 2-4pm.

www.325Pomona.com

Don’t miss this fully updated home in the heart of the St Jerome’s neighborhood. Sellers have spared no details in this immaculately updated home. Listed for $929,000

This updated, beautiful home is in St. Jerome’s neighborhood, one of the most coveted and sought-after areas in El Cerrito. The wonderful gardens offer fruit trees, veggie beds, and a lush landscaped backyard with an al fresco dining area, wired speakers for the evening ambience touch, a lighted patio, and a tree house too!


3+++ bedrooms, 3 baths

Front porch for shaded leisure and neighborly greetings

Open-concept living/dining room with a tastefully updated fireplace, hardwood floors

Gourmet kitchen with bright white cabinets, concrete countertops, Thermador stove and dishwasher, and other stainless steel appliances

Cozy and well-appointed deck with terracotta tiles off the kitchen

Main level 3 bedrooms plus an office, and 2 bathrooms including a luxurious bathroom complete with marble flooring, high-end bathtub and a custom teak vanity worthy of any 5-star hotel

Lower level currently offers a large family room, full bathroom, and a huge climate-controlled wine cellar/bar area with its own draft beer tap. Concrete counters and stained concrete flooring along with recessed lighting complete this amazing space. Could also be used as an au pair or separate living space as it has its own private entry.

Generously-sized workshop, laundry area, and more storage space

Driveway equipped with an EV car charger, attached garage with ample storage

Walk score 81: “Very walkable”, with close proximity to BART, shopping, restaurants, parks, Solano Ave, Colusa Circle, and the freeway

 

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Special OFF MLS home for sale

Off market opportunity awaits you in this well appointed home in the coveted neighborhood of St Jerome’s.  Won’t last.

Open house tomorrow Thursday from 9:30am till noon.

 With a walk score of 81, 325 Pomona is in close proximity to Bart, shopping, restaurants, parks, Solano Ave, Colusa Circle, and the freeway.  The front porch provides for shaded leisure and neighborly greetings, the driveway is equipped with an EV car charger , and the attached garage provides ample storage.

This beautiful home has the perfect indoor/outdoor connection to enjoy the California lifestyle.  The garden offers fruit trees, veggie beds, a lush landscaped backyard with an alfresco dining area, wired speakers for the evening ambience touch, a lighted patio, and a special treehouse too!

Inside this perfect pied-a-terre you will find an open concept living/dining room with a tastefully updated fireplace, hardwood floors and a gourmet kitchen with bright white cabinets, concrete counter tops,  Thermador stove and dishwasher, and other stainless steel appliances.  Enjoy your morning coffee from the cozy and well-appointed deck with terracotta tiles off of the kitchen leading to the backyard.

On the main level you will find 3 bedrooms plus an office and 2 bathrooms including a luxurious bathroom complete with marble flooring, high end bathtub and a custom teak vanity worthy of any 5 star hotel.

The lower level currently offers a large family room, full bathroom, and a jaw dropping man cave with a huge climate controlled wine cellar,  bar area with its own draft beer tap.  Concrete counters and stained concrete flooring along with recessed lighting complete this amazing space.  This space could also be used as an au pair or separate living space as it has its own private entry as well!  In addition to the lower level is a generously sized workshop, laundry area, and more storage space.

Click here for the slideshow

Catherine Krueger

510-813-0970

Email me

 

 

 

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New Listing In Pill Hill, Oakland

If you are familiar with Oakland you will know how vibrant of a neighborhood Pill Hill is.  Name comes from the various medical buildings on that “hill” nestled between Telegraph Avenue and Broadway a few short blocks to either MacArthur Bart Station or 19th Bart Station.

If you are looking for the perfect pied a terre in Oakland this one has it all.

Nearby parks: Durant Mini Park, 25th Street Mini Park and Franklin Square. Airy corner unit boasts 1126 sqft of living space (per public records) high ceilings, a patio off of the LR. 2 large bedrooms plus a cozy den/office space, updated kitchen w/SS appliances, granite counter tops and deep pantry; nicely appointed bathroom, W/D in unit. Deeded parking in garage and storage room. Large common courtyard w/separate dog run. Great commuter location within walking distance to BART, restaurants, cafes and Sprouts (94 walkscore).  More pictures if you click below.

Listed for $599,000

HOA dues $525/month.

Open Houses Saturday June 17th and Sunday June 18th 2-4pm

Perfect corner flat

 

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