multiple offers: East Bay Market Update--Low Inventory & High Demand: Rising Prices
- 11/12/12 02:25 PM
Here’s the quick summary of the basic question: what has happened in our East Bay Area real estate market in the past year. A year ago all the talk was about buyers sitting on the fence. Buyer apathy and lack of willingness to make a decision changed quickly to motivation. The change occurred quickly at the beginning of 2012 in SF, two months later in the East Bay, mid-March, specifically. Rates had been great last year. Yes, they’re even better now, but that wasn’t the big difference. Issues of confidence were huge: buyers needed to see that the bottom had been reached before they were … (5 comments)
multiple offers: Walkability Wins as Most Desired Feature in San Francisco Bay Area
- 07/28/12 06:04 AM
I recently had the opportunity to share current real estate market updates with colleagues from San Francisco, Sonoma and Marin Counties. We had gathered as a group of Realtors particularly interested in “green” and sustainable practices, to share our stories with Build it Green, a local non-profit that encourages green building practices. We learned that our markets share some key aspects: Multiple offers are being received on the most desirable properties There is lots of cash in these areas, and it’s coming from young couples, downsizing boomers and investors (more about that in a GreenBungalows article) An increase in off-market sales occurred in all … (7 comments)
multiple offers: Multiple Offers Have Become Commonplace! Buyers: Plan Your Strategy!
- 06/07/12 03:11 AM
Since mid-March of this year multiple offers have become a common occurrence in this part of the San Francisco Bay Area's East Bay's real estate market. In most of Berkeley, Albany, Rockridge and other desirable neighborhoods, offers from two to 24 have been received on properties. Some of these offers have been astonishing--not just in the amount offered, but in the strength of the terms. So here is my number one tip for buyers to keep in mind when faced with competition, starting with context: Multiple offers are an economic reaction to low supply and high demand. Rather than being discouraged … (2 comments)
Arlene Baxter's musings on the state of real estate in Berkeley, CA and its neighboring communities, and the joys and pleasures of this area that inspire so many fine folks to want to live here. In-depth East Bay real estate market updates, restaurant reviews, architectural appreciation and garden gandering!
Here’s the quick summary of the basic question: what has happened in our East Bay Area real estate market in the past year. A year ago all the talk was about buyers sitting on the fence. Buyer apathy and lack of willingness to make a decision changed quickly to motivation. The change occurred quickly at the beginning of 2012 in SF, two months later in the East Bay, mid-March, specifically. Rates had been great last year. Yes, they’re even better now, but that wasn’t the big difference. Issues of confidence were huge: buyers needed to see that the bottom had been reached before they were … (5 comments)
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