YOUR NEIGHBORHOOD AMENITIES

A huge asset to living in Oakland are the local amenities.  Are you utilizing what Oakland offers in your neighborhood?  So many of us, are stuck in our routine and do not venture out to explore the oaks and redwoods that are clustered throughout of town. Check out this Trailhead documentary of Oakland that I am proud to be sponsoring and was interviewed for, "Discovering Oakland's Gateway to the Redwoods". We filmed this @Bellanico in the Glenview.

http://trailhead-dimond-park.org

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can you wipe the drool...

Yesterday on Oakland's Broker Tour, I fell in love with 5785 Country Club Drive, (listed by Karen Starr of Grubb Co.)  Claremont Pines, (a neighborhood in Upper Rockridge located between Broadway and Broadway Terrace) is a one of my favorite neighborhoods.  Some of the properties in this area have City and Bay views, the neighborhood is very walkable, there is a neighborhood grocery store, Village Market and in about 20 minutes you can walk to your favorite shops and restaurants on College Avenue in Rockridge. 5785 Country Club, (offered at $1,525,000) was built in 1941 home and has been completely transformed into a sleek, yet relaxed abode that gives homage to mid-century modern design. The light is fantastic and the views of the City and Bay add to the charm.

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Rotten Rot

When you are buying an older house it is common for a property to have $10,000 - $20,000 worth of needed repairs.  If a seller has owned their home for many years often there is newly found damage that is discovered during an inspection.  In many cases it is not that the seller intentionally neglected their property, they just didn't know the damage was existed.  Inspections by quality professionals are key as you need to know exactly what you are buying.  Pictured below is rot in the wood framing of a home in the Oakland Hills.  I represented the buyers of this house and I was able to negotiate dry rot and termite damage repairs before escrow closed.  (The sellers paid the cost of the repairs.)  Before my clients moved in the wood was removed, new wood was installed and the appropriate exterior was installed to code. A picture is worth a 1000 words. This picture shows rot in the wood framing of this house. The damaged pieces were cut out and replaced with new wood.     A picture is worth a 1000 words. This picture shows rot in the wood framing of this house. The damaged pieces were cut out and replaced with new wood.

Real Estate Update in Oakland and Berkeley

Berkeley:

  • Sold properties Median Price $726k down from $762k in Nov 2008
  • Sold units 43 up from 25 in Nov 2008
  • Current for sale properties Median price $699k same in Nov 2008
  • Units for sale 131 down from 159 in Nov 2008
  • Months supply of inventory at 1.7 down from 3.3 in Nov 2008
  • Days on Market at 65 up from 37 in Nov 2008

Oakland:

  • Sold properties Median Price $254k up from $200k in Nov 2008
  • Sold units 220 same from 219 in Nov 2008
  • Current for sale properties Median price $235k from $188k in Nov 2008
  • Units for sale 870 down from 1934 in Nov 2008
  • Months supply of inventory at 1.8 down from 6.2 in Nov 2008
  • Days on Market at 39 down from 61 in Nov 2008
  • Median price in Nov 2007 was $400k

The Real Estate 411 in Oakland and Berkeley

The two charts, provided by Altos show this week in real estate in Oakland and Berkeley.  This is an overview so it includes homes in excellent and in poor conditions, (and every  neighborhood).  To get a better sense of the market, email me.  Some properties are still flying off of the market due to high demand and the lack of quality inventory.  - Deidre

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New Listing in Montclair

 

Can I plug my newest listing?  www.1895Manzanita.com This house is perfect for the buyer who wants SPACE, 3409 square feet of space.  There is also Golden Gate, Bay Bridge and South Bay views from almost every room.  The rooms do say, "I was built in the 1970's"  but the lay-out is supreme.  Some TLC is needed, but this house is totally move-in ready!  Oh, did I tell you the price? $699,000!

Thanks for reading!  - Deidre

1895 Manzanita
1895 Manzanita