Sheila Sabine - What's the buzz in the marketplace?

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 September- stay tuned for more information