What’s Going On With Real Estate?


FAQs

Why are home prices staying up despite a COVID-induced down economy?

Apologies if I sound repetitive when I bring up the supply and demand issue. Buyers and Sellers took a break in the early days of SIP, however since Mid-April, both groups have returned to the market and as a result home prices have held.

The economy is tanking. So why aren’t home prices dropping?

Interest Rates this Week

Interest rates are still low. 3.25% on a 30 Year Conventional Loan with 20% down.

What’s on the market?

Alameda Homes For Sale

Market Activity

This week in Alameda, 4 properties have Sold (1 below list price, 2 at list price and 1 above list price). This same time last year, 11 properties Sold (2 below list price, 1 at list price and 8 sold above the list price)

If you’d like data for any other cities, let me know.

Friends,

As always, let me know if I can be of service.

I hope you and your family continue to stay well,

Sophia

Keeping You Current with the Alameda Market


Dear Friends,

I hope this email finds you well and safe.

This week, several NEW properties are hitting the market. Interest rates remain low. That coupled with healthy demand and continued low inventory equals a pretty robust housing market.

As always, the health and safety of my community is my top priority. If you want more details about how I am safely helping buyers and sellers, let me know.

Stay well,

Sophia

Condo, Townhouse & Single Family Properties (5/27/20)

955 Shorepoint Ct Unit 212 | Condo | $459,000 | 1 Bed 1 Bath | 72 Days on Market
325 Kitty Hawk Rd Unit 316 | Condo | $499,000 | 2 Bed 1 Bath | 78 Days on Market
1170 9Th St | Condo | $499,500 | 1 Bed 1 Bath | COMING SOON
325 Kitty Hawk Rd Unit 205 | Condo | $539,000 | 2 Bed 1.5 Bath| 83 Days on Market
950 Shorepoint Ct Unit 308 | Condo | $598,000 | 2 Bed 2 Bath | 98 Days on Market
3545 Norman Ln | Townhouse | $649,000 | 3 Bed 1.5 Bath | NEW
388 Anchor Way | Townhouse | $695,000 | 2 Bed 1.5 Bath | 12 Days on Market
101 Holly Oak Lane | Townhouse| $699,999 | 2 Bed 2.5 Bath | PRICE REDUCTION from $725,000
202 Harbor Rd | Townhouse | $750,000 | 2 Bed 2.5 Bath | 7 Days on Market
113 Carob Ln | Townhouse | $775,000 | 2 Bed 2.5 Bath | NEW
1232 Ballena Blvd | Condo | $795,000 | 2 Bed 1.5 Bath | 40 Days on Market
1252 Pearl St | Single Family | $799,000 | 1 Bed 3 Bath | PRICE REDUCTION from $875,000
1129 Bishop St | Single Family | $849,000 | 3 Bed 1 Bath | NEW
36 Garden Rd | Single Family | $849,000 | 3 Bed 1 Bath | NEW
2511 Crist St | Single Family | $850,000 | 2 Bed 1 Bath | NEW
133 Mecartney Rd | Single Family | $895,000 | 3 Bed 2 Bath | NEW
382 Nantucket Way | Townhouse | $899,000 | 3 Bed 2.5 Bath | NEW
802 Harbor Rd | Townhouse | $899,000 | 3 Bed 2.5 Bath | 25 Days on Market
1449 Page St | Single Family | $900,000 | 2 Bed 1 Bath | COMING SOON
2319 Eagle Ave | Single Family | $960,000 | 3 Bed 1 Bath | 19 Days on Market
1133 Old alameda point | Single Family | $998,000 | 3 Bed 2.5 Bath | 23 Days on Market
222 Puddingstone Rd | Single Family | $1,050,000 | 3 Bed 2 Bath | NEW
2623 Calhoun St | Single Family | $1,095,000 | 4 Bed 2 Bath | 21 Days on Market
750 Pacific Avenue | Single Family | $1,095,000 | 2 Bed 1.5 Bath | 42 Days on Market
73 Bay Park Terrace |Duet | $1,098,000 | 3 Bed 2.5 Bath | COMING SOON
2719 5Th St |Condo | $1,099,000 | 4 Bed 3 Bath | COMING SOON
2196 Starling Lane Unit 208 | Condo| $1,125,000 | 3 Bed 3 Bath | 54 Days on Market
1365 Eastshore Dr | Single Family | $1,150,000 | 3 Bed 1.5 Bath | COMING SOON
1811 Alameda Ave | Single Family | $1,175,000 | 3 Bed 2 Bath | COMING SOON
2217 San Antonio Ave | Single Family | $1,195,000 | 3 Bed 1 Bath | NEW
213 Carob Ln | Townhouse | $1,195,000 | 5 Bed 3.5 Bath | NEW
1534 Sherman St | Single Family | $1,195,000 | 3 Bed 2.5 Bath | NEW
1822 Entrance Rd | Condo | $1,200,000 | 4 Bed 3.5 Bath | 28 Days on Market
1512 Sherman St | Single Family | $1,250,000 | 3 Bed 2 Bath | NEW
3267 Garfield Ave | Single Family | $1,300,000 | 3 Bed 2 Bath | COMING SOON
3006 Lincoln Ave | Single Family | $1,350,000 | 3 Bed 2 Bath | COMING SOON
1616 Cornell Dr | Single Family | $1,350,000 | 3 Bed 1 Bath | COMING SOON
136 Justin Cir | Single Family | $1,370,000 | 4 Bed 3 Bath | 33 Days on Market
2422 Eagle Ave | Single Family | $1,495,000 | 5 Bed 2 Bath | COMING SOON
1145 Regent Street | Single Family | $1,550,000 | 6 Bed 3 Bath | 20 Days on Market
168 Oldcastle Ln | Single Family | $1,650,000 | 5 Bed 3.5 Bath | COMING SOON
1440 Benton St | Single Family | $1,795,000 | 5 Bed 2 Bath | NEW
301 Sweet Rd | Single Family | $1,850,000 | 5 Bed 3 Bath | 34 Days on Market
1120 Morton Street | Single Family | $1,995,000 | 5 Bed 3.5 Bath | 33 Days on Market
9 Nakayama Court | Single Family | $2,195,000 | 4 Bed 4 Bath | NEW
208 Creedon Cir | Single Family | $2,300,000 | 5 Bed 3.5 Bath | COMING SOON
1421 San Antonio | Single Family | $2,690,000 | 6 Bed 3 Bath 2 Partial Bath | 93 Days on Market

Multi-Family / Income Properties (5/27/20)

2520 Clement Avenue | Duplex| $1,100,000 | 296 Days on Market
1512 Sherman St | Duplex| $1,250,000 | 26 Days on Market
2171 San Antonio Ave | Triplex| $1,350,000 | 53 Days on Market
820 Island Dr | Duplex| $1,388,000 | 55 Days on Market
2305 San Jose Ave | 2 Houses – 1 Lot (4 Units)| $1,688,000 | 55 Days on Market

What’s Going On With Real Estate?


FAQs

How has buyer interest been in the last couple of weeks?

Buyer interest has been very strong since early May. As we moved through phase 1 and into phase 2 of SIP, buyer confidence has largely returned. To help illustrate current demand, our office listed a house in Oakland that received 100 disclosures requests and received 18 offers! There are 2 conclusions we can glean from this data: multitudes of buyers are looking and demand is high!

Have Sellers changed the way they price their property for sale during COVID?

As many of you know, Bay Area home sellers are known to under-price homes in hopes of garnering lots of interest and receiving multiple bids. This strategy has worked for several years. During the earliest weeks of SIP, however, sellers began pricing properties closer to their expectations to reduce the number of visitors to their listing for safety reasons. In the last couple of weeks, it seems this change has confused some buyers and caused some unexpected drops in interest levels for the houses that were “transparently priced”. This has resulted in some hard to de-code, inconsistent list prices. My prediction is that now that the housing market has returned closer to normal levels, under-pricing will resume. When in doubt about a list price, just reach out to me and I would be happy to translate! 😊

Interest Rates this Week

Interest rates are still low. 3.25% on a 30 Year Conventional Loan with 20% down.

What’s on the market?

Alameda Homes For Sale

Market Activity

This week in Alameda, 4 properties have Sold (all slightly above list price largely due to the market pricing technique). This same time last year, 13 properties Sold (2 at list price and 11 sold above the list price).

If you’d like data for any other cities, let me know.

Friends,

As always, let me know if I can be of service.

I hope you and your family continue to stay well,

Sophia

Keeping You Current with the Alameda Market


Dear Friends,

I hope this email finds you well and safe.
The home selling/buying season continues to move forward with increased interest and inventory. Properties on the market are back to receiving multiple offers.

One interesting thing to note: The COMING SOON category continues to grow in numbers. This is a newly popular category for Realtors to test the market without accumulating Days on Market. Buyers can request showings for COMING SOON (CS) properties anytime – In fact, I am seeing some CS homes go pending before officially hitting the market. COMING SOON, in essence, is the new OFF MARKET.

PRICING – Local realtors are mixed about whether to continue underpricing or transparent pricing. This is causing some confusion in the market. Please reach out to me if you need help de-coding the pricing.

As always, the health and safety of my community is my top priority. If you want more details about how I am safely helping buyers and sellers, let me know.

Stay well,

Sophia

Condo, Townhouse & Single Family Properties (5/20/20)

1327 Webster Street B108 | Condo | $399,000 | 1 Bed 1 Bath | NEW
955 Shorepoint Ct Unit 212 | Condo | $459,000 | 1 Bed 1 Bath | 65 Days on Market
2137 Otis Dr Unit 116 | Condo | $465,000 | 1 Bed 1 Bath | 21 Days on Market
325 Kitty Hawk Rd Unit 316 | Condo | $499,000 | 2 Bed 1 Bath | 71 Days on Market
1170 9Th St | Condo | $499,500 | 1 Bed 1 Bath | COMING SOON
325 Kitty Hawk Rd Unit 205 | Condo | $539,000 | 2 Bed 1.5 Bath| 76 Days on Market
950 Shorepoint Ct Unit 308 | Condo | $598,000 | 2 Bed 2 Bath | 91 Days on Market
388 Anchor Way | Townhouse | $695,000 | 2 Bed 1.5 Bath | NEW
101 Holly Oak Lane | Townhouse| $725,000 | 2 Bed 2.5 Bath | 41 Days on Market
202 Harbor Rd | Townhouse | $750,000 | 2 Bed 2.5 Bath | NEW
2101 Shoreline Dr Unit 485 | Condo | $764,995 | 2 Bed 2.5 Bath | 49 Days on Market
814 Ironwood Road | Townhouse | $780,000 | 2 Bed 2.5 Bath | 86 Days on Market
1232 Ballena Blvd | Condo | $795,000 | 2 Bed 1.5 Bath | 33 Day on Market
855 Portola Ave | Condo | $795,000 | 2 Bed 2.5 Bath | PRICE REDUCTION from $859,000
27 Shepardson Lane | Duet | $849,000 | 2 Bed 2.5 Bath | PRICE REDUCTION from $900,000
1252 Pearl St | Single Family | $875,000 | 1 Bed 3 Bath | 11 Days on Market
338 Haight Ave | Single Family | $895,000 | 2 Bed 1 Bath | 12 Days on Market
802 Harbor Rd | Townhouse | $899,000 | 3 Bed 2.5 Bath | 18 Days on Market
1449 Page St | Single Family | $900,000 | 2 Bed 2.5 Bath | COMING SOON
2319 Eagle Ave | Single Family | $960,000 | 3 Bed 1 Bath | 12 Days on Market
920 Versailles Ave | Single Family | $975,000 | 3 Bed 1 Bath | 12 Days on Market
1133 Old alameda point | Single Family | $998,000 | 3 Bed 2.5 Bath | 16 Days on Market
222 Puddingstone Rd | Single Family | $1,050,000 | 3 Bed 2 Bath | COMING SOON
2623 Calhoun St | Single Family | $1,095,000 | 4 Bed 2 Bath | 14 Days on Market
73 Bay Park Terrace |Duet | $1,098,000 | 3 Bed 2.5 Bath | COMING SOON
800 Central Ave | Single Family | $1,098,000 | 3 Bed 2 Bath | NEW
2196 Starling Lane Unit 208 | Condo| $1,125,000 | 3 Bed 3 Bath | 47 Days on Market
133 Mecartney Rd | Single Family | $1,128,000 | 3 Bed 2 Bath | COMING SOON
1365 Eastshore Dr | Single Family | $1,150,000 | 3 Bed 1.5 Bath | COMING SOON
1811 Alameda Ave | Single Family | $1,175,000 | 3 Bed 2 Bath | COMING SOON
2217 San Antonio Ave | Single Family | $1,195,000 | 3 Bed 1 Bath | COMING SOON
213 Carob Ln | Townhouse | $1,195,000 | 5 Bed 3.5 Bath | COMING SOON
1534 Sherman St | Single Family | $1,195,000 | 3 Bed 2.5 Bath | COMING SOON
1822 Entrance Rd | Condo | $1,200,000 | 4 Bed 3.5 Bath | 21 Days on Market
1512 Sherman St | Single Family | $1,250,000 | 3 Bed 2 Bath | COMING SOON
91 Steuben Bay | Single Family | $1,295,000 | 3 Bed 2.5 Bath | NEW
1835 Sakas Street | Single Family | $1,300,000 | 4 Bed 3 Bath | PRICE INCREASE from $1,250,000
3267 Garfield Ave | Single Family | $1,300,000 | 3 Bed 2 Bath | COMING SOON
3006 Lincoln Ave | Single Family | $1,350,000 | 3 Bed 2 Bath | COMING SOON
1616 Cornell Dr | Single Family | $1,350,000 | 3 Bed 1 Bath | COMING SOON
136 Justin Cir | Single Family | $1,370,000 | 4 Bed 3 Bath | 26 Days on Market
2422 Eagle Ave | Single Family | $1,495,000 | 5 Bed 2 Bath | COMING SOON
1145 Regent Street | Single Family | $1,550,000 | 6 Bed 3 Bath | 13 Days on Market
3226 Fairview Ave | Single Family | $1,600,000 | 3 Bed 2.5 Bath | 33 Days on Market
168 Oldcastle Ln | Single Family | $1,650,000 | 5 Bed 3.5 Bath | COMING SOON
301 Sweet Rd | Single Family | $1,850,000 | 5 Bed 3 Bath | 27 Days on Market
1440 Benton St | Single Family | $1,900,000 | 5 Bed 2 Bath | COMING SOON
1120 Morton Street | Single Family | $1,995,000 | 5 Bed 3.5 Bath | PRICE REDUCTION from $2,195,000
9 Nakayama Court | Single Family | $2,275,000 | 6 Bed 4 Bath | COMING SOON
1421 San Antonio | Single Family | $2,690,000 | 6 Bed 3 Bath 2 Partial Bath | 86 Days on Market

Multi-Family / Income Properties (5/20/20)

2520 Clement Avenue | Duplex| $1,100,000 | 289 Days on Market
1512 Sherman St | Duplex| $1,250,000 | 19 Days on Market
2171 San Antonio Ave | Triplex| $1,350,000 | 46 Days on Market
820 Island Dr | Duplex| $1,388,000 | 48 Days on Market
2305 San Jose Ave | 2 Houses – 1 Lot (4 Units)| $1,688,000 | 48 Days on Market

What’s Going On With Real Estate?


FAQs

Will COVID have the same impact on the housing market as the Crash of 2008?

I have been asked this question A LOT the last couple of months and there is a very good reason why the COVID impact will be very different from that of the Financial Crisis of 2008: Supply and Demand.

We have a unique situation of continued low inventory coupled with a large pool of buyers who are entering home buying age. This was not the housing landscape in 2008. My friend Jay Voorhees does a good job of analyzing these differences in his blog.

Home Values – This Ain’t 2008! WHY? Inventory and Demographics

While we experienced a slow March and April in Real Estate, the month of May has seen an increase in homebuying activity. Sellers who were reticent about putting their homes on the market for fear of low interest, have now started to fully market their properties. Their response is in-step with the return of buyer activity. In fact, some lenders have seen a deluge of buyer pre-approvals over the last couple of weeks!

Interest Rates this Week

Interest rates are still low. 3.25% on a 30 Year Conventional Loan with 20% down.

What’s on the market?

Alameda Homes For Sale

Market Activity

This week in Alameda, 2 properties have Sold (both below list price). This same time last year, 8 properties Sold (1 below list price, 2 at list price and 5 sold above the list price).
Please note: These closings reflect the market roughly 1 month ago as closings take about 30 days.
If you’d like data for any other cities, let me know.

 

Friends,

As always, let me know if I can be of service.

I hope you and your family continue to stay well and safe,

Sophia

Keeping You Current with the Alameda Market


Dear Friends,

I hope this email finds you and your family well.

The Spring Market continues to move along despite its late start due to the SIP order. Some lenders are reporting more than 6 time increase in pre-approval requests as compared to April!

As a result of this activity, the market has responded with 11 NEW listings and a total of 15 COMING SOON properties. The Coming Soon category is a way for the sellers and their Realtors to test the market without actually accumulating “days on the market”.

Another change we are seeing is in the pricing strategy. Many more sellers are pricing closer to their expectations. To find out which of these properties are implementing “transparent pricing”, feel free to contact me.

Also, let me know if you have questions or if you want to arrange a viewing. Viewings are allowed as long as no more than 2 people from the same household meet me at the property.

Condo, Townhouse & Single Family Properties (5/13/20)

955 Shorepoint Ct Unit 212 | Condo | $459,000 | 1 Bed 1 Bath | 58 Days on Market
2137 Otis Dr Unit 116 | Condo | $465,000 | 1 Bed 1 Bath | 14 Days on Market
325 Kitty Hawk Rd Unit 316 | Condo | $499,000 | 2 Bed 1 Bath | 64 Days on Market
325 Kitty Hawk Rd Unit 205 | Condo | $539,000 | 2 Bed 1.5 Bath| 69 Days on Market
950 Shorepoint Ct Unit 308 | Condo | $598,000 | 2 Bed 2 Bath | 84 Days on Market
2137 Otis Dr Unit 308 | Condo | $620,000 | 2 Bed 2 Bath | 111 Days on Market
1813 Nason St | Single Family | $695,000 | 3 Bed 1.5 Bath | 23 Days on Market
1136 Marianas Ln | Townhouse| $695,000 | 2 Bed 2 Bath | NEW
101 Holly Oak Lane | Townhouse| $725,000 | 2 Bed 2.5 Bath | 34 Days on Market
2101 Shoreline Dr Unit 485 | Condo | $764,995 | 2 Bed 2.5 Bath | 42 Days on Market
113 Carob Ln | Townhouse| $775,000 | 2 Bed 2.5 Bath | COMING SOON
814 Ironwood Road | Townhouse | $780,000 | 2 Bed 2.5 Bath | 79 Days on Market
1232 Ballena Blvd | Condo | $795,000 | 2 Bed 1.5 Bath | 26 Day on Market
3119 La Cresta | Townhouse | $829,900 | 4 Bed 2.5 Bath | 12 Day on Market
855 Portola Ave | Condo | $859,000 | 2 Bed 2.5 Bath | NEW
1252 Pearl St | Single Family | $875,000 | 1 Bed 3 Bath | NEW
338 Haight Ave | Single Family | $895,000 | 2 Bed 1 Bath | NEW
802 Harbor Rd | Townhouse | $899,000 | 3 Bed 2.5 Bath | 11 Days on Market
27 Shepardson Lane | Duet | $900,000 | 2 Bed 2.5 Bath | 15 Days on Market
202 Harbor Rd | Townhouse | $900,000 | 2 Bed 2.5 Bath | COMING SOON
2319 Eagle Ave | Single Family | $960,000 | 3 Bed 1 Bath | NEW
920 Versailles Ave | Single Family | $975,000 | 3 Bed 1 Bath | NEW
1133 Old alameda point | Single Family | $998,000 | 3 Bed 2.5 Bath | 9 Days on Market
2623 Calhoun St | Single Family | $1.095,000 | 4 Bed 2 Bath | 7 Days on Market
1315 Fountain St | Single Family | $1,098,000 | 2 Bed 1 Bath | NEW
73 Bay Park Terrace |Duet | $1,098,000 | 3 Bed 2.5 Bath | COMING SOON
350 Beach Rd | Single Family | $1,100,000 | 3 Bed 2 Bath | NEW
2196 Starling Lane Unit 208 | Condo| $1,125,000 | 3 Bed 3 Bath | 40 Days on Market
133 Mecartney Rd | Single Family | $1,128,000 | 3 Bed 2 Bath | COMING SOON
1811 Alameda Ave | Single Family | $1,175,000 | 3 Bed 2 Bath | COMING SOON
2217 San Antonio Ave | Single Family | $1,195,000 | 3 Bed 1 Bath | COMING SOON
213 Carob Ln | Townhouse | $1,195,000 | 5 Bed 3.5 Bath | COMING SOON
800 Central Ave | Single Family | $1,200,000 | 3 Bed 2 Bath | COMING SOON
1822 Entrance Rd | Condo | $1,200,000 | 4 Bed 3.5 Bath | 14 Days on Market
1835 Sakas Street | Single Family | $1.250,000 | 4 Bed 3 Bath | NEW
1512 Sherman St | Single Family | $1.250,000 | 3 Bed 2 Bath | COMING SOON
3267 Garfield Ave | Single Family | $1.300,000 | 3 Bed 2 Bath | COMING SOON
1616 Cornell Dr | Single Family | $1.350,000 | 3 Bed 1 Bath | COMING SOON
136 Justin Cir | Single Family | $1,370,000 | 4 Bed 3 Bath | 19 Days on Market
2422 Eagle Ave | Single Family | $1.495,000 | 5 Bed 2 Bath | COMING SOON
1145 Regent Street | Single Family | $1,550,000 | 6 Bed 3 Bath | NEW
3226 Fairview Ave | Single Family | $1,600,000 | 3 Bed 2.5 Bath | 26 Days on Market
168 Oldcastle Ln | Single Family | $1.650,000 | 5 Bed 3.5 Bath | COMING SOON
301 Sweet Rd | Single Family | $1,850,000 | 5 Bed 3 Bath | 20 Days on Market
1440 Benton St | Single Family | $1.900,000 | 5 Bed 2 Bath | COMING SOON
9 Nakayama Court | Single Family | $2,275,000 | 6 Bed 4 Bath | COMING SOON
1421 San Antonio | Single Family | $2,690,000 | 6 Bed 3 Bath 2 Partial Bath | 79 Days on Market

Multi-Family / Income Properties (5/14/20)

2520 Clement Avenue | Duplex| $1,100,000 | 282 Days on Market
1512 Sherman St | Duplex| $1,250,000 | NEW
1330 Versailles | Duplex| $1,300,000 | 12 Days on Market
2171 San Antonio Ave | Triplex| $1,350,000 | 39 Days on Market
820 Island Dr | Duplex| $1,388,000 | 41 Days on Market
2305 San Jose Ave | 2 Houses – 1 Lot (4 Units)| $1,688,000 | 41 Days on Market

What’s Going On With Real Estate?


FAQs

Any changes in the local Real Estate Market this week?

We have seen many changes this week as construction has now recommenced, occupied properties are permitted to be viewed in-person (occupants cannot be present), and seller motivation and buyer demand have both increased! Many more listings have hit the market which complement news from lenders of an increase in buyer pre-approvals – some stating over a 50% increase in pre-approval requests as compared to the last 2 months. It seems as buyers and sellers have become more accustomed to the issues around them, the 2020 Spring home selling season has cautiously resumed.

Interest Rates this Week

Interest rates are still low. 3.25% on a 30 Year Conventional Loan with 20% down.

What’s on the market?

Alameda Homes For Sale

Market Activity

This week in Alameda, 5 properties have Sold (1 sold below list price, 2 sold at list price and 2 sold for above the list price). This same time last year, 9 properties Sold (1 at list price and 8 sold above the list price). Still quite a discrepancy in closed transactions compared to last year, however the recent increase in inventory may help make up for a slower March and April.

If you’d like data for any other cities, let me know.

Keeping You Current with the Alameda Market


Dear Friends,

I hope you and your family are doing well and staying safe.

This has been an eventful week in Real Estate as the State and County have agreed to allow Construction to recommence. In addition, Realtors are now allowed to show occupied property provided the occupants are not present at the showing. With things opening up a bit more, Sellers are now feeling more comfortable putting their property on the market. As a result, Alameda has 10 NEW listings and 14 COMING SOON properties.

I am excited to say that I am now able to share access to these Coming Soon properties with you. Just click the link below and you can learn more about these homes.

Let me know if you have questions or if you want to arrange a viewing. Viewings are allowed as long as no more than 2 people from the same household meet me at the property.

Stay well,
Sophia

Condo, Townhouse & Single Family Properties (5/6/20)

325 Kitty Hawk Rd Unit 212 | Condo | $425,000 | 2 Bed 1 Bath| 22 Days on Market
1806 Main Street | Condo | $439,950 | 1 Bed 1 Bath | 34 Days on Market
955 Shorepoint Ct Unit 212 | Condo | $459,000 | 1 Bed 1 Bath | 51 Days on Market
2137 Otis Dr Unit 116 | Condo | $465,000 | 1 Bed 1 Bath | 7 Days on Market
325 Kitty Hawk Rd Unit 316 | Condo | $499,000 | 2 Bed 1 Bath | 57 Days on Market
325 Kitty Hawk Rd Unit 205 | Condo | $539,000 | 2 Bed 1.5 Bath| 62 Days on Market
950 Shorepoint Ct Unit 308 | Condo | $598,000 | 2 Bed 2 Bath | 77 Days on Market
2137 Otis Dr Unit 308 | Condo | $620,000 | 2 Bed 2 Bath | 104 Days on Market
1813 Nason St | Single Family | $695,000 | 3 Bed 1.5 Bath | 16 Days on Market
101 Holly Oak Lane | Townhouse| $725,000 | 2 Bed 2.5 Bath | 27 Days on Market
3317 Willis Ln | Townhouse| $759,000 | 2 Bed 2 Bath | COMING SOON
2101 Shoreline Dr Unit 485 | Condo | $765,000 | 2 Bed 2.5 Bath | 35 Days on Market
113 Carob Ln | Townhouse| $775,000 | 2 Bed 2.5 Bath | COMING SOON
814 Ironwood Road | Townhouse | $780,000 | 2 Bed 2.5 Bath | 72 Days on Market
1232 Ballena Blvd | Condo | $795,000 | 2 Bed 1.5 Bath | 19 Day on Market
3119 La Cresta | Townhouse | $829,900 | 4 Bed 2.5 Bath | NEW
2993 Via Bahia | Townhouse | $850,000 | 3 Bed 2.5 Bath | 13 Day on Market
1314 Crown Dr | Single Family | $879,000 | 3 Bed 2 Bath | BACK ON MARKET
1621 Santa Clara Ave | Single Family | $895,000 | 2 Bed 1 Bath | NEW
802 Harbor Rd | Townhouse | $899,000 | 3 Bed 2.5 Bath | NEW
27 Shepardson Lane | Duet | $900,000 | 2 Bed 2.5 Bath | 8 Days on Market
202 Harbor Rd | Townhouse | $900,000 | 2 Bed 2.5 Bath | COMING SOON
1133 Old alameda point | Single Family | $998,000 | 3 Bed 2.5 Bath | NEW
2143 Main Street Unit 103 | Condo | $1,060,000 | 3 Bed 3.5 Bath | 33 Days on Market
2623 Calhoun St | Single Family | $1.095,000 | 4 Bed 2 Bath | NEW
1315 Fountain St | Single Family | $1,098,000 | 2 Bed 1 Bath | COMING SOON
2196 Starling Lane Unit 208 | Condo| $1,125,000 | 3 Bed 3 Bath | 33 Days on Market
133 Mecartney Rd | Single Family | $1,128,000 | 3 Bed 2 Bath | COMING SOON
1811 Alameda Ave | Single Family | $1,175,000 | 3 Bed 2 Bath | COMING SOON
2217 San Antonio Ave | Single Family | $1,195,000 | 3 Bed 1 Bath | COMING SOON
3104 Lincoln Ave | Single Family | $1,195,000 | 4 Bed 1.5 Bath | NEW
1802 Sakas St | Single Family | $1,198,000 | 4 Bed 3 Bath | NEW
800 Central Ave | Single Family | $1,200,000 | 3 Bed 2 Bath | COMING SOON
1822 Entrance Rd | Condo | $1,200,000 | 4 Bed 3.5 Bath | NEW
1835 Sakas Street | Single Family | $1.250,000 | 4 Bed 3 Bath | COMING SOON
1512 Sherman St | Single Family | $1.250,000 | 3 Bed 2 Bath | COMING SOON
1616 Cornell Dr | Single Family | $1.350,000 | 3 Bed 1 Bath | COMING SOON
136 Justin Cir | Single Family | $1,370,000 | 4 Bed 3 Bath | 12 Days on Market
2422 Eagle Ave | Single Family | $1.495,000 | 5 Bed 2 Bath | COMING SOON
3226 Fairview Ave | Single Family | $1,600,000 | 3 Bed 2.5 Bath | 19 Days on Market
301 Sweet Rd | Single Family | $1,850,000 | 5 Bed 3 Bath | 13 Days on Market
1440 Benton St | Single Family | $1.900,000 | 5 Bed 2 Bath | COMING SOON
9 Nakayama Court | Single Family | $2,275,000 | 6 Bed 4 Bath | COMING SOON
1421 San Antonio | Single Family | $2,690,000 | 6 Bed 3 Bath 2 Partial Bath | 72 Days on Market

Multi-Family / Income Properties (5/6/20)

2520 Clement Avenue | Duplex| $1,100,000 | 275 Days on Market
1512 Sherman St | Duplex| $1,250,000 | NEW
1330 Versailles | Duplex| $1,300,000 | NEW
2171 San Antonio Ave | Triplex| $1,350,000 | 32 Days on Market
820 Island Dr | Duplex| $1,388,000 | 34 Days on Market
2305 San Jose Ave | 2 Houses – 1 Lot (4 Units)| $1,688,000 | 34 Days on Market

What’s Going On With Real Estate?


FAQs

How are Property Showings done during SIP?

Virtual showings are highly encouraged if possible. If not, viewings of properties are still allowed under the SIP order.

– No more than 2 buyers from the same household can attend the showing with one Realtor practicing social distancing. If the property is occupied, occupants must not be present.

– Masks and other protective equipment are recommended.

In order to confirm a showing, Realtors are required to have the Coronavirus Property Entry Advisory and Declaration (PEAD form) signed for each showing of each house. Sellers sign to confirm and accept the showing. In addition, it has become common for Sellers and their Realtors to request buyer pre-approvals and proof of funds as part of the request for showings. This is to limit the number of showings, thus keeping all parties safe! Feel free to contact me for details.

Interest Rates this Week

Rates are mostly unchanged. 3.25% on 30 Year Conventional Loan with 20% down.

What’s on the market?

Alameda Homes For Sale

Market Activity

This week in Alameda, 4 properties have Sold (all for above the list price).

This same time last year, 17 properties Sold (3 below list price, 2 at list price and 12 sold above the list price)

This is perhaps the most striking data yet to show the affect of COVID 19 on the Real Estate Market. While several properties are Pending, there are many delays due to the pandemic. In some cases, transactions are canceling due to employment issues experienced by buyers. Closing only 4 properties in the span of a week during our typically very busy home selling season is highly usual.

How are Home Values holding strong despite the volatility in the job market and overall economy?

Home prices are holding steady because inventory continues to be low. While some buyers have pushed pause on their home searches, other buyers have continued to stay in the market and buying the few homes that are still available. We won’t likely see a price shift until we see supply outpace demand.

Keeping You Current with the Alameda Market


Dear Friends,

I hope you and your families are continuing to stay well. 5 new properties came on the market this week and they are included below. I want to also introduce you to the 5 Coming Soon properties. Coming Soons give you a preview of what properties will be available soon; many of these are not available to be seen on the public real estate sites. There are also 2 Back on the Market homes – these are homes that were previously in contract/pending and for some reason are available again.

As you may know, the State of California and Alameda County has extended our SIP order until the end of May. Residential Real Estate Sales continue to be deemed an essential service. Vacant properties can be shown in person (with masks and observing social distancing), many occupied properties have virtual tours we can view. These procedures may change – I’ll keep you posted on the ever changing landscape of the home sales industry.

If you are interested in finding out more information about how our business is conducted in a safe manner or if you are curious about any of these homes let me know.

Stay well,
Sophia

Condo, Townhouse & Single Family Properties (4/29/20)

955 Shorepoint Ct Unit 315 | Condo | $399,000 | 1 Bed 1.5 Bath | 53 Days on Market
325 Kitty Hawk Rd Unit 212 | Condo | $425,000 | 2 Bed 1 Bath| 15 Days on Market
1806 Main Street | Condo | $439,950 | 1 Bed 1 Bath | 27 Days on Market
955 Shorepoint Ct Unit 212 | Condo | $459,000 | 1 Bed 1 Bath | 44 Days on Market
2137 Otis Dr Unit 116 | Condo | $465,000 | 1 Bed 1 Bath | NEW
325 Kitty Hawk Rd Unit 316 | Condo | $499,000 | 2 Bed 1 Bath | 50 Days on Market
325 Kitty Hawk Rd Unit 205 | Condo | $539,000 | 2 Bed 1.5 Bath| 55 Days on Market
950 Shorepoint Ct Unit 308 | Condo | $598,000 | 2 Bed 2 Bath | 70 Days on Market
2137 Otis Dr Unit 308 | Condo | $620,000 | 2 Bed 2 Bath | 97 Days on Market
1813 Nason St | Single Family | $695,000 | 3 Bed 1.5 Bath | 9 Days on Market
101 Holly Oak Lane | Townhouse| $725,000 | 2 Bed 2.5 Bath | 20 Days on Market
2101 Shoreline Dr Unit 485 | Condo | $765,000 | 2 Bed 2.5 Bath | 28 Days on Market
113 Carob Ln | Townhouse| $775,000 | 2 Bed 2.5 Bath | COMING SOON
814 Ironwood Road | Townhouse | $780,000 | 2 Bed 2.5 Bath | 65 Days on Market
933 Shoreline Dr Unit 103 | Condo | $785,000 | 2 Bed 2 Bath | 15 Day on Market
1232 Ballena Blvd | Condo | $795,000 | 2 Bed 1.5 Bath | 12 Day on Market
2993 Via Bahia | Townhouse | $850,000 | 3 Bed 2.5 Bath | NEW
1810 Entrance Rd | Condo | $850,000 | 2 Bed 2.5 Bath | BACK ON MARKET
1314 Crown Dr | Single Family | $879,000 | 3 Bed 2 Bath | BACK ON MARKET
27 Shepardson Lane | Duet | $900,000 | 2 Bed 2.5 Bath | NEW
2143 Main Street Unit 103 | Condo | $1,060,000 | 3 Bed 3.5 Bath | 26 Days on Market
1315 Fountain St | Single Family | $1,098,000 | 2 Bed 1 Bath | COMING SOON
2196 Starling Lane Unit 208 | Condo| $1,125,000 | 3 Bed 3 Bath | 26 Days on Market
2217 San Antonio Ave | Single Family | $1,098,000 | 2 Bed 1 Bath | COMING SOON
800 Central Ave | Single Family | $1,200,000 | 3 Bed 2 Bath | COMING SOON
136 Justin Cir | Single Family | $1,370,000 | 4 Bed 3 Bath | NEW
3226 Fairview Ave | Single Family | $1,600,000 | 3 Bed 2.5 Bath | 12 Days on Market
301 Sweet Rd | Single Family | $1,850,000 | 5 Bed 3 Bath | NEW
9 Nakayama Court | Single Family | $2,275,000 | 6 Bed 4 Bath | COMING SOON
1421 San Antonio | Single Family | $2,690,000 | 6 Bed 3 Bath 2 Partial Bath | 65 Days on Market

Multi-Family / Income Properties (4/29/20)

2520 Clement Avenue | Duplex| $1,100,000 | 268 Days on Market
1330 Versailles | Duplex| $1,300,000 | COMING SOON
2171 San Antonio Ave | Triplex| $1,350,000 | 25 Days on Market
820 Island Dr | Duplex| $1,388,000 | 27 Days on Market
811 Buena Vista Avenue | Fourplex| $1,600,000 | 115 Days on Market
2305 San Jose Ave | 2 Houses – 1 Lot (4 Units)| $1,688,000 | 27 Days on Market
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