So, just like that, change is in the air.
A Realtor reports that seven homes in her Berkeley patch each drew an average of five offers each in the past month. Another agent has just closed over asking on a $640K house near Oakland’s Piedmont Avenue after entertaining multiple offers.
“For Sale” signs are being replaced with [...]
Posts Tagged ‘Housing crisis’
Suddenly this Summer: Signs of Life
So this Recovery Thing? True or False?
There’s been a lot of talk recently about the housing market turning the corner, as well as the economy more generally showing signs of recovery.
Most of the latest data shows home prices beginning to stabilize and even rise in the Bay Area. And anecdotal evidence in Berkeley, at least, certainly suggests some improvement, with some [...]
All Rules Are Off in the Bay Area
There are some wild listings to be had out there at the moment.
Read my post today on On The Block to find out about the “shell” of a house that’s for sale in the Berkeley/Oakland hills (above).
The 63% Price Reduction
Doing a search for newly listed properties in Oakland these days is sure to produce a sobering reality check.
Dozens of homes are hitting the MLS every day, many of them are bank-owned, and their prices, compared to just a few months ago, are staggeringly low.
Take this 2/1 home built in 1925 at 8406 Dowling Street [...]
Bay Area Home Prices Rewind Seven Years
It’s a data-rich time in the real-estate market with reports on the state of the housing crisis coming in thick and fast.
The S&P/Case-Shiller Home Price Indices (HPI) has just released its latest numbers which cover the two months since November 2008. And the picture for the San Francisco Bay Area is not pretty.
Year on year, [...]