THE SECOND STORY | November 14th, 2019

Big difference between Alameda and Modesto!

Loads of locals were watching the sunset.

I rode my bike to a listing at Crown Harbor, on Tuesday. The agent was from Modesto…and she does biz pretty much… everywhere!  She was lovely and we talked a lot about local real estate, her kids, her family. Her gig was that she worked for folks that wanted her to work for them…because they had great experiences, either buying and/or selling property…most anywhere! 

I let her know that there are ‘other’ disclosures in Alameda County and Alameda City. And the fact that rent control is stiffer in Alameda, rather than the law that was passed in the state, this year.

These days, I include that Alameda rent control ordinance (3249) in all of my disclosures, even if the sellers/buyers don’t expect to rent their place out. But life happens and the sellers/buyers may find it worth looking at because it’s a whole new world out there.

I know a lot of Sellers who are thinking about moving out of Alameda (actually out of CA)….too expensive, too crowded, too much traffic, etc. In the past year I’ve had clients who moved to Idaho, to Boston, to Oregon.

I think about moving myself…but where? Not so sure. But it’s good and reasonable to think it through. And I do really like Alameda. It’s got a small-town feel, surrounded by huge cities. And it’s a flat and a nice place to ride a bike.

Alameda Real Estate this Week

Definitions:

MLS=Multiple Listing Service 

AC= active contingent=the buyer needs to sell something before s(he) can complete the transaction. In this instance, another buyer might write a back-up offer. If the primary buyer can’t meet the contract deadlines, it’s bye-bye to the first buyer. And the back-up offer moves into the primary position. Be sure your agent explains all of this to you! You do NOT want to lose your deposit to the Seller.

BOM=back on the market (could be that the buyer had some conditions in the contract that s(he) couldn’t meet in a timely manner.)

PCH= price change (seller either raised or dropped the price)

PSB=pending sale (seller & agent wants backup offers)

Market Stats this week for sold listings

Days on market = 137 high

Days on market = 0 low (1 was an off-market listing)

Average Days on market = 31

Median Days on market = 10

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Broker  Tour Tues 5

Active listings 42, including 2 price changes

Pending listings 41, including 5 pending sales, want backups

Sold 20

I’ll be having the last open house this Sunday @ 1404 Sherman St., 2-4pm and the Sellers will entertain offers, if any, on Tuesday. Come on by…most of the looky-loos/buyers loved the place because this condo really felt like a house!

Questions? Let me know!

best, marilyn

 

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Marilyn

I arrived in Alameda in 1973, as a new bride...with husband Carl Schumacher, both of us from Newport Beach. He was embarking on his career as a Naval Architect (i.e. yacht designer) under Gary Mull. Please see the 'ABOUT ME' page in this website! www.MarilynSchumacher.com to see how it has all turned out! I'm so blessed!