Dear Friends,
I hope this update finds you and your family well.
Feel free to reach out to me if you want more information or if you want to see any of these properties.
Stay safe,
Sophia
Condo, Townhouse & Single Family Properties (7/23/20)
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Dear Friends,
I hope this update finds you and your family well.
Feel free to reach out to me if you want more information or if you want to see any of these properties.
Stay safe,
Sophia
Condo, Townhouse & Single Family Properties (7/15/20)
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Dear Friends,
I hope this update finds you and your family well.
Feel free to reach out to me if you want more information or if you want to see any of these properties.
Stay safe,
Sophia
Condo, Townhouse & Single Family Properties (7/8/20)
965 Shorepoint Ct, 212 | Condo | $380,000 | 0 Bed 1 Bath | 27 Days on Market
2209 Otis Dr, N | Condo | $399,000 | 1 Bed 1 Bath | NEW
965 Shorepoint Ct, 213 | Condo | $450,000 | 1 Bed 1 Bath | NEW
955 Shorepoint Ct, 212 | Condo | $459,000 | 1 Bed 1 Bath | 114 Days on Market
325 Kitty Hawk Rd, 316 | Condo | $499,000 | 2 Bed 1 Bath | 120 Days on Market
1170 9Th St | Condo | $499,500 | 1 Bed 1 Bath | NEW
325 Kitty Hawk Rd, 205 | Condo | $499,888 | 2 Bed 1.5 Bath| 125 Days on Market
200 Cypress St | Duet | $588,000 | 3 Bed 1 Bath | NEW
2137 Otis Dr, 314 | Condo | $595,000 | 2 Bed 2 Bath | 28 Days on Market
2137 Otis Dr, 308 | Condo | $620,000 | 2 Bed 2 Bath | 27 Days on Market
1810 Central Ave, 307 | Condo | $675,000 | 2 Bed 2 Bath | NEW
933 Shoreline Dr, 401 | Condo | $695,0000 | 2 Bed 2 Bath | NEW
3035 Alta Vista | Townhouse | $710,000 | 2 Bed 1.5 Bath | COMING SOON
933 Shoreline Dr, 101 | Condo | $729,000 | 2 Bed 2 Bath | 12 Days on Market
3446 Dutchcap Lane | Townhouse | $749,000 | 3 Bed 2.5 Bath | 31 Days on Market
2916 Bayview Dr. | Duet | $749,000 | 2 Bed 2 Bath | NEW
1001 Shoreline Drive, 308 | Condo | $750,0000 | 2 Bed 2 Bath | NEW
2515 Central Ave, 301 | Condo | $755,000 | 2 Bed 2 Bath | 14 Days on Market
382 Nantucket Way | Townhouse | $799,000 | 3 Bed 2.5 Bath | 46 Days on Market
3114 El Portal | Townhouse | $829,0000 | 3 Bed 2.5 Bath | NEW
101 Bay Park Terrace | Duet | $849,000 | 2 Bed 2 Bath | 14 Days on Market
2993 Via Bahia | Townhouse | $850,0000 | 3 Bed 2.5 Bath | BACK ON THE MARKET
133 Mecartney Rd | Single Family | $895,000 | 3 Bed 2 Bath | 46 Days on Market
255 Beach Rd | Single Family | $895,000 | 2 Bed 1.5 Bath | 15 Days on Market
2319 Eagle Ave | Single Family | $899,000 | 3 Bed 1 Bath | PRICE REDUCTION FROM $960,000
2 Eclipse Ct | Condo | $899,000 | 2 Bed 2 Bath | 8 Days on Market
2904 Johnson Ave | Single Family | $995,000 | 3 Bed 1.5 Bath | COMING SOON
2136 Starling Lane, 202 | Condo | $995,000 | 3 Bed 2.5 Bath | 23 Days on Market
1133 Old alameda point | Single Family | $998,000 | 3 Bed 2.5 Bath | 63 Days on Market
477 Mitchell Avenue | Condo | $998,000 | 3 Bed 2.5 Bath | 9 Days on Market
624 Waterview Isle | Single Family | $1,080,000 | 3 Bed 2 Bath | 9 Days on Market
1616 Cornell Dr | Single Family | $1,095,000 | 3 Bed 1 Bath | NEW
419 Itliong Ln | Townhouse | $1,095,000 | 4 Bed 3 Bath | NEW
405 Kitty Hawk Rd | Single Family | $1,158,000 | 3 Bed 2 Bath | 40 Days on Market
1822 Entrance Rd | Condo | $1,175,000 | 4 Bed 3.5 Bath | 70 Days on Market
1840 Stanton St | Single Family | $1,175,000 | 3 Bed 3.5 Bath | COMING SOON
213 Carob Ln | Townhouse | $1,195,000 | 4 Bed 3 Bath | 47 Days on Market
426 Itliong Ln | Single Family | $1,199,995 | 3 Bed 3.5 Bath | NEW
3262 Thompson Ave | Single Family | $1,295,000 | 2 Bed 2 Bath | 12 Days on Market
725 Taylor Ave | Single Family | $1,300,000 | 4 Bed 2 Bath | COMING SOON
20 Beaufort Harbor Landing | Single Family | $1,325,000 | 3 Bed 2.5 Bath | 12 Days on Market
2841 Marina Dr | Single Family | $1,350,000 | 2 Bed 2 Bath | NEW
1625 Cruiser Ln | Single Family | $1,495,000 | 4 Bed 3.5 Bath | NEW
168 Oldcastle Ln | Single Family | $1,650,000 | 5 Bed 3.5 Bath | 9 Days on Market
1440 Benton St | Single Family | $1,795,000 | 5 Bed 2 Bath | 46 Days on Market
1624 San Jose Ave | Single Family | $1,795,000 | 4 Bed 3 Bath | 13 Days on Market
301 Sweet Rd | Single Family | $1,850,000 | 5 Bed 3 Bath | 76 Days on Market
101 Shannon Cir | Single Family | $1,900,000 | 4 Bed 2.5 Bath | COMING SOON
2034 San Antonio Ave | Single Family | $1,998,000 | 7 Bed 4 Bath | 20 Days on Market
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Dear Friends,
I hope this update finds you and your family well.
Feel free to reach out to me if you want more information or if you want to see any of these properties.
Stay safe,
Sophia
Condo, Townhouse & Single Family Properties (7/1/20)
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2520 Clement Avenue | Duplex| $1,100,000 | 331 Days on Market
1625 Santa Clara Avenue | Fourplex| $1,297,000 | NEW
2171 San Antonio Ave | Triplex| $1,350,000 | 88 Days on Market
897 Oak St | Fourplex| $1,480,000 | 17 Days on Market
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Dear Friends,
Lots of activity in the housing market this week. Many properties have come on the market. At the same time, several homes closed escrow this week proving that the lending industry remains stable. Interest rates are still low – hovering around 3.0-3.25% for a 30 year fixed.
Feel free to reach out to me if you want more information or if you want to see any of these properties.
Stay well,
Sophia
Condo, Townhouse & Single Family Properties (6/17/20)
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FAQs
Now that buyers have resumed home shopping, how has the market been overall?
The numbers for May are in. The most striking piece of data for me is the number of homes sold year to date last year versus this year. We are about 62% of homes sold compared to last year in Alameda. March and April were understandably slow. I am not sure how much we can recover for the remainder of the year as many sellers are waiting to put their homes on the market, driving supply down.
Interest Rates this Week
The rates have dropped this week and are hovering around 2.875-3.125% for a 30 Year fixed loan. This drop will likely encourage more buyers to enter the market.
What’s on the market?
Market Activity
Friends,
As always, let me know if I can be of service.
I hope you and your family continue to stay well,
Sophia
Dear Friends,
Lots of properties to check out this week. The big news this week is that interest rates are slightly lower than last week – many lenders quoting under 3% for a 30 year fixed conventional loan.
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 (6/10/20)
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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.
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?
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
Dear Friends,
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)
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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?
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