Where are we at in this real estate market??

As we are approaching the last quarter of 2018 there have been signs of a slow down in the market.  Low unemployment levels and a solid economy have led the Feds to increase the interest rates already once and increasing them in December again.  Each hike in interest rate affects buyers’ buying power and reduces the amount of loan they get pre-approved for to a point where they become priced out of the market.  Rental market is as strong as ever so where do these people go??

From my perspective the peak of the real estate market was May 2018.  What I am experiencing now is a steady slow down and/or a plateauing of sales prices with a few exceptions.  Half of the listings currently on the market have been listed for more than 15 days which indicates that no *satisfactory* offers were received on the property.  We are at a point where buyers are tired of overbidding 20% above the asking price and sellers are comparing the offers on their homes with the May market which creates a no-deal zone.

Every week more houses are coming on the market.  Some of my buyers have benefited from that.  Just got in contract on an amazing McGregor home in Albany where we were the only offer!  On the other hand, I had buyers bid on a home that had not received any offers and sellers were stuck on their ideal price so we did not reach an agreement.  The comparable price they were looking at was my listing 1 block away that sold for $1,045,000 back in May!

If you are interested in finding out how much your house is worth in the current market please contact me. If you need any recommendations for contractors, handy people, cleaning crews, landscaping etc… please call me first. I work with a lot of good people and mentioning the referral source can generally give you better results so use me as your power tool!!

I am looking forward to hearing back from  you. Please leave me any comments and any questions.

Best regards,

Catherine

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Home Staging on a budget

Great cheat sheet to keep as a reminder.  Home staging is very important.  Just imagine looking at photos of empty spaces instead of a staged home?  Can you picture the size of the room better with staging or with a blank photo of 2 walls and a window?

Over 90% of buyers search for their homes online and you want the curb appeal to attract them.  Curb appeal is not just referring to the outside/front door it also applies to the internet presence with a nice presentation of your home and photos are the number 1 way to show off your home so why shortchange yourself by showing off freshly painted bare walls and windows?

For any questions don’t hesitate to contact me via phone, email or text.

Best regards,

Catherine Krueger

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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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