hayward: Sampling cities with high number of distressed properties for sale in Alameda County CA - 09/16/11 03:13 AM
To get an idea of the current market, here's a comparison of a few select cities in Alameda County, CA, and how many distressed properties are for sale. These numbers are for all residential homes for sale as of September 16,2011 and consist of: detached single family residences, condos, townhouses, duets. The information was pulled from EBRDI (East Bay Regional Data Inc.) MLS.
Three of the cities in this sample had more distressed properties for sale than there are regular sales.
… (4 comments)

hayward: Looking for foreclosures? Where to go in Alameda County CA - 07/18/11 01:01 AM
Where are the foreclosures in Alameda County CA?
Take a look at the 3-year view of the sold detached single family residence properties in select cities of Alameda County CA
Even prestigious Piedmont CA has had its share of foreclosures. In some cities, the surprise is not that there are foreclosures, but how many they were compared to total sales.
ALAMEDA, CA - Forecosures as a percent of total sales gradualy increased every year.
25.8% of sales are bank-owned in Q2 2011 22,3% in Q2 2011 21.2% in Q2 2009 1.1% in Q2 2008
 
BERKELEY CA - Foreclosures also figured in this university … (9 comments)

hayward: INVENTORY LEVELS indicate --- GASP! ---- sellers' markets in East Bay CA - 01/02/10 07:44 PM
 
As if competing in multiple offer situations on REOs, short sales and regular sales isn't challenging enough, it looks like we may in it for a while.
When determining what type of market we are in, the most common metrics used are the months' inventory levels. Judging from the activity in select cities in the East Bay, it is evident that inventory levels are low, low, low!
What does that mean? Below 6 months inventory is typically a seller's market. But below two-three months' inventory?
Our buyers have to be more aggressive and more strategic when submitting their offers. With … (4 comments)

hayward: Once you're in contract, withdraw all other offers you've written for a buyer - 07/12/09 12:52 PM
In this sea of REOS and short sales, where it is extremely competitive in specific price brackets and locations.  it is not unusual to write several offers for a client although we are discouraged from the practice of writing multiple offers.
Back in February, I had written an offer on a short sale with two lenders....as of mid-July, the second lender is still in negotiations. It is looking very unlikely that this short sale will ever be approved. At the time we wrote the offer, the listing agent said the property was under contract before but the buyer backed out. She … (13 comments)

hayward: "Starter" condo in Hayward: 2 Bedrooms/2 Baths, in-unit laundry and then some. - 09/22/08 12:41 PM
We often ease timid homebuyers into "starter" single family homes. But can we say the same about a condo?
Whether one is a first time buyer or someone who wants to simplify and downsize, this 2 bedroom, 2 bath condo meets many basic needs and then some. With 900 sq ft, in-unit laundry room with washer and dryer, patio that backs up to a greenbelt, gated access and secure parking, swimming pool...this condo offers and meets more than the average needs and wants. Aggressively priced at $192,000, it's a short sale.
As of this writing, Zillow zestimates it at $242,500; Cyberhomes, at … (1 comments)

 
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Pacita Dimacali - ePRO, SRES, CDPE, MBA Alain Pinel in Alameda County CA

Oakland, CA

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