Monthly Archives: March 2014

14 03, 2014

Sounding Off

 

The SF Chronicle has a weekly series called Sound Off where they ask 3 Bay Area Realtors a question about the marketplace and they each give an answer. Today was my turn–3/14/14

Q: Sound Off: What finishes or designs do you see in the homes you sell?

A: As a listing agent, I feel that my primary objective is to sell my clients’ home for the best price and on the best terms possible. That means understanding the demographics and mind-set of the most likely buyers for each property.

Most of properties I’ve been listing lately appeal to urban buyers who want great access to amenities, transit, schools, parks, etc. The aesthetic of their home is clean, modern and friendly – more casual than in other times, but chic.

Consequently, as we prepare these listings for sale, I am recommending clean white paint with pops of color, stagers who use modern, simple design elements and furniture that isn’t fussy. We update kitchen counters with quartz and butcher-block, use white subway tiles for back-splashes, and clean, stainless appliances. The days of insisting on cherry wood and granite are over. Such examples of this style are visible with a recent listing of mine. Visit www.261mather.com to see.

Corey Weinstein,

(510) 708-0789, corey@orangedoorproperties.com

 

 

 

 

13 03, 2014

250 Trinity Avenue in Kensington

Stop by 250 Trinity Ave. this weekend to check out the stunning view from the new redwood deck. We’ll be open from 2-4 on Sundays 3/16 and 3/23 You won’t get to see this kind of sunset in daylight hours–so we’re posting it here!

sunset small

Full gallery of photos and details about the property can be found at www.250Trinity.com or contact me directly at 510.708.0789 or corey@orangedoorproperties.com with any questions

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6 03, 2014

In which East Bay neighborhoods are homes selling for more than they did in ’05?

261 Mather 08 small

We all know that the real estate market has cycles–and it certainly feels like we are in the heart of a big upswing again. Most would-be buyers out there looking for a home, as well as recent home purchasers, can attest to the craziness of the over-bidding, the huge amount of competition, and the general melee of the market this past year.

We also know that this current boom is coming on the heels of a major downturn and recession following the banking crisis of 2008. It’s true that the market was still strong through 2007, but sales in the East Bay and elsewhere had started to dip before that big fall. For most neighborhoods, the last boom really peaked in 2005.

While it may feel like the market is hot and crazy again, believe it or not, in many neighborhoods, homes are still selling well below their 2005/06 peaks.

But by the end of 2013, many neighborhoods had surpassed even those 2005 peak prices. Can you guess which ones?

EAST BAY NEIGHBORHOODS-Q2 of 2013 VS Q2 of 2005   

Greatest Appreciation in Median Sales Prices of Single Family Homes

Corey Comparison Revised (2)

So far in 2014 the market has remained strong, but it does seem like inventory is starting to outpace demand, at least in some areas.  Are we looking toward a more balanced market, or even (dare we ask) a buyers’ market anytime soon? What are your predictions?

If you are interested in learning what your home is worth, and/or in receiving quarterly updates about home values in your neighborhood, send me an email at corey@orangedoorproperties.com.