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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A Rare Gem in St. Jerome’s Neighborhood

Charming Garden Home with Modern Upgrades

  • New modern open-plan kitchen with stainless appliances, quartz countertops and French doors leading to a sleek redwood deck with direct access to backyard
  • Two bedrooms, one updated bath, south-facing with abundant light, convenient single-level plan. Private corner lot fronts on quiet street.
  • Lushly landscaped front yard with lawn, Meyer lemon tree, custom redwood fence and extended front porch overlooking neighborhood.
  • New gas fireplace insert and freshly painted interior, hardware floors throughout
  • Backyard with dining patio, perfect for entertaining and enjoying the sweet smell of jasmine replete with vegetable garden and Gravenstein apple tree
  • One-car garage can be office or fitness studio, comes with a fully equipped laundry area
  • Located in the heart of St. Jerome’s, a quaint and highly-coveted neighborhood known for its quiet tree-lined streets, charming homes, well-maintained gardens and its highly walkable central location
  • Easy walk to EC Plaza Bart, Transbay Line G, Kensington Farmer’s Market, Benchmark Pizza, Kensington Circus Pub, Semifreddi’s Bakery, Colusa Market, FatApple’s Restaurant and Bakery, Trader Joe’s, Memorial Park, and Solano Avenue

Listed for $849,000

Contact Catherine for more info or for a private tour.

Open Houses Scheduled for May 5th and May 6th 2-4pm

More Photos at www.7485Curry.com

 

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Off Market Opportunity in El Cerrito!!!

Available off market for another week before hitting the market.. This is your chance not to compete and own a great house.

 

5949 Fern Street, El Cerrito

Transparent Price of $925,000

Off Market Opportunity for the next 2 weeks.

Quiet Cul-de-sac location adjacent to Canyon Trail park with easy commute to Bart, shops and freeway ramps.

 

Remodeled kitchen with open floor plan and updated baths.

Master bedroom with sliding glass door to the backyard and a master bath with Jacuzzi tub and separate shower.

Gleaming hardwood floors and dual pane windows throughout.

Bay View from the Living Room and dining room.

Large 2-car garage with 12′ ceilings perfect for vertical storage.

Upslope terraced yard with patio and artificial grass and private gate to Jordan Avenue for a quick walk to the tennis courts and Canyon Trail park and playground.

 

Don’t wait, contact Catherine Krueger at 510-813-0970 for private showings now.

Catherine@CatherineKrueger.com

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Need Space and an excellent school district?? Wait no more!!

http://www.527Madison.com Listed for $1,150,000

 

Large home on a cul-de-sac location in Albany Hill.

2,572 Sqft of living space and a 5,000 sqft lot with gentle downslope per public records.

4 bedrooms and 2 baths on the lower level

Kitchen, Dining and living rooms plus enclosed patio with indoor bbq and half bath on the main level. No steps to entry.

Great separation of space, huge unfinished basement, lots of upgrades including but not limited to a new roof in May 2017, sewer compliance, some seismic retrofit.

A phenomenal opportunity to own in Albany under $500/square feet!!!

Shown by Appointment. Call, Email or Text me anytime 510-813-0970

 

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 Catherine’s Sales Activity

New listing on the market on Friday March 23rd, 2018:

4618 Setting Sun Drive, El Sobrante

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Upon entry you will be graced by soaring ceilings and plenty of windows for an abundance of light. This home offers 4 bedrooms and 2.5 baths in 2,025 sqft of living space on 2 stories with a 13,000 sqft lot on 2 levels with the lower level ready for your imagination to turn into a garden oasis. The private 600sqft deck invites comfort and relaxation. Listed for $673,000. Open to the public on Saturday 03/24/18 and Sunday 03/25/10 from 2-4pm

Coming on the market March 27th:

527 Madison Street, Albany

4 bedrooms, 2.5 baths over 2500sqft of living space.

Spanning over 2500sqft of living space this updated home offers 4 bedrooms and 2 baths on the lower level including an updated master bedroom and an extra large bedroom plus a reading’s corner overlooking the deck, oak trees and the Berkeley hills. The main level offers a voluminous layout made for entertaining replete with an indoor bbq on the covered patio and a half bath. This home has been well cared for, and is freshly painted and updated. The gentle downslope backyard has been left all natural.

Listed for $1,150,000  Open to the public on Saturday 03/27/18 and Sunday 03/28/10 from 2-4pm

Quick Market Snapshot

Home prices rose both year over year and month over month, according to CoreLogic’s Home Price Index (HPI). Home prices nationally increased 6.6 percent from January 2017 to January 2018 and around 18% in the East Bay.

Looking ahead, the CoreLogic HPI Forecast indicates that the national home-price index is projected to increase 4.8 percent on a year-over-year basis from January 2018 to January 2019, with a 12-month increase of more than 7 percent projected for California, Florida, Nevada, and Oregon.  This forecast reinforces what I have been experiencing during open houses and the number of offers submitted.  Though buyers are still actively looking for a home on average a house is getting less foot traffic and fewer offers with a more “reasonable” over-asking price than before. Trend should continue in the same direction for the rest of the year especially with the threat of interest rates hiking up.

Let me know if you have any questions about any of my listings, or any homes that you have driven past or are interested in. And also know that I am a great resource for tradespeople so please don’t hesitate to reach out should you need a recommendation for a contractor, gardener, plumber, electrician etc…

And please consider me if you, your family, neighbors or any of  your friends are thinking of selling or buying their homes in the East Bay. I would be honored.

Catherine

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Open House Alert!! Richmond View

Do You Need:

  1. a one-level home
  2. 3 bedrooms
  3. a hot tub in the backyard
  4. updated kitchen and bathroom
  5. dual pane windows
  6. new roof
  7. a she shed or man cave or studio in the backyard with bathroom
  8. VIEWS of San Francisco, the bay and Mt Tamalpais

Then come to my latest listing in Richmond View. Listed for $629,000 this home has it all.

1635 Elm Avenue, Richmond CA 94805 is the perfect home

Open today Sunday February 11th from 2-4pm.  Do not miss the opportunity.  Offers will be reviewed on Tuesday February 13th in the evening just in time for your Valentine!!

For any more info visit: 1635 Elm Avenue or call me at 510-813-0970

Have a great day,

Catherine Krueger

Catherine@CatherineKrueger.com

 

 

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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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