The Voice of East Bay Living

Inventory low – prices high Low interest-rates - 3.5 fixed 30 year mortgage 38% of all sales are cash - The funds are coming from families and inheritance Tech buyers are coming from Uber, Google,and Twitter TRENDs The urban corridors  now outpacing the hills. Walk score increases value-go to  www.walkscore.com  to find the walk score for your home Starbucks effect – 20% increase in house value Walking – coffee – bike lanes-public transportation are a new definition of luxury MARKET We are not at the high-end of the cycle This is not a bubble Most inspections are performed in advance of marketing the home There is an average of 3 to 6 offers The percent over asking Price depends on location, comparable comps,property presentation No contingencies with offers NEWS-FLASH   The Grubb company is opening a new office in the heart of uptown Oakland at 100 Grand Ave. The opening  will occur in Septe...

This wonderful outdoor market serving both the Rockridge and Temescal neighborhoods of Oakland is incredibly popular with all age groups. Located in the parking lot adjacent to the Oakland DMV and next to Frog Park,the market hosts a variety of produce as well as fresh food stands.It is open every Sunday from 9am-1pm.

Steamy hot weather... steamy hot real estate market. So why are buyers paying top dollar beyond anyone's wildest dreams? Here are some reasons: views, schools, walk score, yards, home amenities, fixer potential, close to friends and relatives, 1301 exchange. All buyers want to be winners... now matter what, these buyers are living out their dreams. Visit  GlassSabine.com Contact Team Glass Sabine at  ssabine @grubbco.com 

The market continues to sizzle with the new mantra being "WOW: -Rockridge  home listed for $699  is pending for over $930 -East Bay off market home listed for 3 million went pending in one week at over the asking price -Claremont home listed at 1,695,000 is pending for over $2,400,000 -San Francisco gets the prize... a 2 bedroom, 2.5 bath just sold for 1,405,000 over the asking price. -Jaw Dropping yes.. Will  it continue?-- Where is the crystal ball?   Visit GlassSabine.com Contact Team Glass Sabine at ssabine @grubbco.com 

We are in the midst of a sizzling market where all cash buyers are increasing and  overbids on even the most modest of homes may be several hundred thousand dollars over  the asking price. Even real estate professionals are puzzled about where to price a home and are relying heavily on their real estate peers for a a collective opinion of value.  A sampling of Active inventory in Piedmont has the least expensive home- a 2 bedroom, 1 bath on Sunnyside listed for $849,000 and the most expensive home on Sea View listed for $6,400,000.  The most expensive home on the market is Pending-a home on Requa Road listed for $7,400,000. It is expected that the Piedmont inventory will increase in the next few weeks-this may help stabilize prices.