THE SECOND STORY | January 23rd, 2020

Weather wimps….

 

Rotor clouds over San Francisco, taken at the same time, as the photo below.

Cumulo nimbus clouds over San Francisco, taken on a bike ride a couple of weeks ago.

I hope everybody is staying warm, inside and outside! As I’ve said before, we’re ‘Weather Wimps’ living anywhere in CA.

Well, except for this adventure. The person that sent this to me, knows the people who flew these 2 gliders, recently, a distance of 1000 miles in a ‘wave.’ A wave is caused by high winds hitting a mountain range. Below the mountains, there’s a ton of turbulence. But once you fly into the wave, it’s perfectly smooth. Greg is/was a professional airline pilot.

I went up to Minden, Nevada (way back in the day when I was teaching flying, ferrying airplanes to various airports across the US, repossessing airplanes across the US -(the economy had made a bad downturn) and I got up to 21,000 feet: me, the soaring machine (glider), and an oxygen mask and oxygen tank and some very warm clothes. It was the ride of my life.

These pilots had a lot of info coming to them about the winds, weather, and were followed by motorhomes with sailplane trailers. If you care to, check this out:

http://landseaandsky.blogspot.com/2020/01/1000k-potential-san-joaquin-valley-wave.html

It doesn’t have anything to do with the Alameda real estate market.

______________________

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)

REO=  real estate owned by the lender (seller may have stopped paying the lender, was behind a few months, etc. This the first time in years that I’ve added this to our list!

___________________

Broker Tour Tues 5

___________________

Active listings (includes 23 Active, 1 BOM, 1 PCH)

Pending listings (includes 18 Pending, 1PSB,  1 PNDR)

Sold listings (1)

___________________

Market Stats for Active Listings

Days on market high = 991

Days on market low = 1 (on Total Agent Network….where clients and the agent decide not to use the MLS)

Days on market average = 132

Days on market median = 20

__________________________

Market Stats for Pending Listings

Days on market high = 78

Days on market low = 8

Days on market average = 19

Days on market median = 22

__________________________

Market Stats for Sold Listings

Days on market high = 42

Days on market low = 0

Days on market average = 14

Days on market median = 0

__________________________

Check out my ‘for fun’ blog….Boomer-chick-musings.

If you want to share what you know about the Alameda real estate market, feel free to do so! I admit I don’t know everything…..

Best, marilyn

 

THE SECOND STORY | January 16th, 2020

Shake it up…..and/or watch the waters rise….

Here’s a list that I received as part of an emergency preparedness bag, a week ago. It was a ‘Thank You’ gift for each of us who served on the Bay East Association of Realtors as a Chair or a Vice-Chair of a Committee. I was the Vice-Chair in 2019, and now I’m the 2020 Chair of our Alameda Local Government Relations Committee (LGR).

If you’d like a clearer copy, email me and I’ll send it as an attachment. But all of us need to get this done (one for each car, one for the house, one in a storage unit and/or in a plastic bin in the backyard/deck or wherever you can get to it, without any damage to yourself!

 

______________________

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)

REO=  real estate owned by the lender (seller may have stopped paying the lender, was behind a few months, etc. This the first time in years that I’ve added this to our list!

___________________

Broker Tour Tues 9

___________________

Active listings (includes 23 Active, 1 BOM, 1 PCH)

Pending listings (includes 18 Pending, 1PSB,  1 PNDR)

Sold listings (1)

___________________

Market Stats for Active Listings

Days on market high = 985

Days on market low = 8

Days on market average = 132

Days on market median = 35

__________________________

Market Stats for Pending Listings

Days on market high = 159

Days on market low = 9

Days on market average = 53

Days on market median = 44

__________________________

Market Stats for Sold Listings

Days on market high, low, average, median = 18

__________________________

That’s it for now!  If you listen to any news outlets and/or read a paper online…folks are getting out of Dodge (i.e. CA) and going to other states. Favorite spot…is Boise, and I had a couple move there last year. They had plenty in their pockets, because their bungalow hoouse sold for 1.1M not quite a year ago. I also had a couple move to Vancouver, WA.  In 2018 I had a client move to Boston (she was downsizing), and another client moved out of state. But most are trying to figure out the pros and cons of leaving the Bay Area. It’s all so personal!

Maybe you could give me your views about saying buh-bye to CA!

best, marilyn

take a look @ my ‘for fun’ blog…Boomer-Chick-Musing.com

THE SECOND STORY | January 9th, 2020

New year, old flowers that thrive, and my shredding party!

ALAMEDA Real Estate this Week

Flowers in my (winter) backyard!

The holiday break was quiet and special for me.

For Thanksgiving, I spent it with my son, his wife, their 2 kids, and their dog…who drove up from San Diego. And Evan’s best friend from Jr. 1st grade, Adam, and his family were able to come by for some putt-putt golfing in my back yard, and some pizza from LaVal’s and some Tommy Tucker’s ice cream cones. (check out my Boomer-chick-musings blog about ‘who let the dog out?’

Christmas was lovely. I drove to Napa and met up with Evan and Erin, their two kids, and her huge extended family in Napa (like many generations-worth). They flew up from SD.

Last October I took a class in San Diego to renew my Broker’s license. Four years goes by really fast! I passed 7 of the 8 classes because that’s how many the state allows you to take at once. The 8th class I took just after Christmas. January 7th (the deadline) was getting closer…argh! I passed that one as well.

But when I went online to verify what I did and when I did it, and where my office was….I had put in my home address. Because that’s where I work! When I looked closely at the license…it said I couldn’t do any of the licensed activities because I didn’t have an office! WHA?  Quick as a bunny, I called my ReMax Gold office..and asked the admin people if they could help me! Sure enough…they told me what I needed to know..and BINGO! I was legit!

All is well….and my next event will be my Annual Shredding Party! I usually do it after tax time, when we get to throw the 1993 taxes into the big truck that parks along the curb in front of my house! I’ll send out notices to remind my friends, clients, and neighbors of the event, and will publish it here, and on my FaceBook page. And you can tell your friends as well! Once I know the date, you will too!

There’s no cost to you! However, if you care to make a donation to Alameda Meals On Wheels, I will match that donation….so everybody wins! Last year I think I gave AMOW $800 +/-, besides paying for the shredding company…and buying donuts and juice for all of us. Been doing it for years, rain or shine.

______________________

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)

REO=  real estate owned by the lender (seller may have stopped paying the lender, was behind a few months, etc. This the first time in years that I’ve add this to our list!

___________________

Broker Tour Tues 3

___________________

Active listings (includes 11 New,  Active 21)

Pending listings (includes 20, 3 PSB,  1 REO – real estate owned by the lender)

Sold listings (4)

___________________

Market Stats for active listings

Days on market high = 977

Days on market low = 0

Days on market average = 131

Days on market median = 54

____________________________

Market Stats for pending listings

Days on market high = 158

Days on market low = 7

Days on market average = 48

Days on market median = 38

____________________________

Market Stats for sold listings

Days on market high = 10

Days on market low = 3

Average Days on market = 29

Median Days on market =  18

Enjoy 2020 (or at least realize that it can’t be that bad)! I know when I’m overwhelmed with ‘stuff’ it helps if I get myself out of the picture and see the good surrounding me.

Get hold of me if you have ???? about the market!

Best, marilyn

check out my for fun blog…. Boomer-chick-musings.com

THE SECOND STORY | January 2nd, 2020

And another decade begins!

 

I sincerely hope you had lovely, peaceful holidays…and may that stay with you throughout the year. I know I needed a break…besides getting a load of items accomplished, I did take the time to think things through…or at least I attempted to!

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)

___________________

Broker Tour Tues 0 (we’ll start fresh next week)

___________________

Active listings 16 (including 16 active, 2 AC, & 1 PCH)

Pending listings 21

Sold listings 35

____________________

Market Stats for active listings

Days on market high = 970

Days on market low = 14

Days on market average = 173

Days on market median = 56

____________________________

Market Stats this week for sold listings

Days on market high = 124 

Days on market low = 0

Average Days on market = 29

Median Days on market =  18

That’s a wrap for this week!

Let me know if you have questions about the market. I don’t pretend to know the future, but I have learned through past experiences. And certainly, I can learn from what your own observations are!

 

best, marliyn

THE SECOND STORY | November 21st, 2019

No cookie-cutter condo here.

 

I didn’t plant any veggies this year…but some tomato candy still grew in my pots!

Gosh, it feels like winter…so dark so early.

My Sellers received 4 offers this week on their condo unit @ 1404 Sherman (4 units total make up the HOA). All were over the asking price of 749K.

I had mentioned to my clients that because the photos (including the drone video, and the Matterport virtual tour) looked so great, it might draw today’s buyers, into their unit.

Those buyers want something more than what other condos offer: easy garage parking (2 spaces), storage (300sf for this unit), and maybe less 40 steps to from the garage to each unit. Schlepping groceries and kids doesn’t have to be a huge hassle.

What’s the real trade-off here? You must participate in a small Homeowners Association. And these owners have done a magnificent job of managing the building these past 2-3 years.

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 = 36 high

Days on market = no lows this week

Average Days on market = 16

Median Days on market = 13

_______________________________

Broker Tour Tues 5

Active listings 38 incl 2 AC & 1 BOM 

Pending listings 12 including 2 PSB

Sold listings 4

I hope you have a lovely Thanksgiving next Thursday. To me it’s the best holiday of the year: no gifts are expected and gratitude is what it’s about, no matter what you do…it’s all based on gratitude.

And I am so grateful for the friends that I’ve made while in real estate and for those who refer me to their friends, and for the texts, emails, and calls that I get asking for vendor referrals. And for those vendors that you refer to me! Each of you is important, in God’s eyes. And I cherish these friendships that I’ve made for more years than I can count on my fingers and toes.

I’ll probably post one more blog this year…and then I’ll be like Ms. Claus …getting a good, winter night’s rest. And then I’ll catch up in January!

best, marilyn

 

Take a look at my ‘for fun’ blog –

  Boomer-Chick-Musings.com

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

____________________________

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

 

THE SECOND STORY | November 7th, 2019

Autumn…. and real estate….and daylight savings…

Autumn is definitely here.

In the autumn…there’s not so much competition and there are ‘for real buyers’ out there and there are ‘for real sellers’ out there.

Many folks think they need to sell when it’s spring or summer (kids are out of school, it’s a good time to make new friends, it’s vacation time).

These days…maybe not so much. There are year-round schools and vacations are divided up into smaller chunks of time (not 3 months: more like a 1 week here, 2 weeks there, a month somewhere else).

My mom thought canned goods were great. I get it…it made life simpler AND she had 4 squirrelly kids. I look at what I’ve got in my kitchen cabinets/drawers…not too much-canned stuff.

I may be on the older side…but we didn’t live on farms and we certainly didn’t harvest any crops. But I certainly appreciate those who harvest our food.

We also didn’t have any local Farmer’s Markets. But now we do! Food is fresher. And the fruits and veggies reflect the actual season that we’re in! Plus, most folks that I know do grow some types of veggies/fruit – especially if they grow food as part of a co-op.

I was remiss this past year. However, I took advantage of my lemon tree/bush (which is mostly year-round) and I shared those Meyer delights with others.

And a couple of years ago I needed to have Sal, my gardener, chop down our apple tree. It was undermining the carriage house concrete floor. And that carriage house was Carl’s domain, with all of his shop/tools/toys turning nothing into something beautiful.

And daylight savings? Um,  I think I like to be in one time zone all year long. None of this changing- clocks around.

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 = 18 high

Days on market = 0 low (2 were off-market listings

Average Days on market = 8

Median Day on market = 8

Buh bye! Maybe see you on Sunday?

best, marilyn

————————————————–

Broker Tour Tues 10

43 Active (including 1 incl 1 BOM and 1 PCH)

48 Pending (including 6 PSB)

11 Sold 

I’ll be at 1404 Sherman St. (corner of Central and Sherman), this Sunday, holding an open house, 2-4pm! It’s bigger than most houses (1569 sf), and 3 bedrooms and 2.5 baths, with an in-unit laundry room, a lovely garden/patio, and a 2 car underground parking garage with a 300 sf (per the Seller) storage space! Yep! This is a 4 unit condo project built in 1980! Anderson windows throughout keep it quiet and not hot and not cold, and it has that ‘open concept’ kitchen, dining area, living area. And …Come by and check it out!

best, marilyn

THE SECOND STORY | October 31st, 2019

Halloween

Here are 3 Winners of the Week for Halloween costumes


This kid was a dinosaur.

This kid came as an outhouse. Genius.

 

This kid was a robot, complete with lights.

 

When the big kids come begging for candy, I always say ‘I’ll give you a trick, and then if you complete it, you’ll get a treat!” I usually say, “I want 5 high-kicking legs” for the girls. And I’ll say to the guys…”I want 10-15 jumping jacks.” It surely makes them work for the treats.

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)

————————————————–

Broker Tour Tues 8

Active 44   incl 4 PCH

Pending  49 incl 6 PSB

Sold 9

Stats for Sold data this week:

Average Days on Market 14

Highest days on market 27

Lowest days on market 3

Median days on market 13

Alrighty…this says it all! I loved that kid who showed up as an outhouse. 

Questions? Answers? I may not know the answer, but I may have a clue….

best, marilyn

Check out my ‘for fun’ blog

Boomer-Chick-Musings.com

 

THE SECOND STORY | October 24th, 2019

S. Cal and N. Cal there is a difference….

…not about the weather, but how agents do biz.

My go-to property/pest inspector told me about the inspections that he performed last Tuesday morning, before we met at a client’s house.

 

Robert told me that the agent flew up from S.Cal to be present at the inspections, as did her buyers. They wanted to know immediately what was wrong with the house…because they said they needed to remove the inspection contingency, along with other contingencies that day. I believe the property was in the hills somewhere. I believed it was listed for 3 million bucks.

Robert held his ground, saying that while he takes extensive notes..it will take him about 3 days to think about the property, type up his observations, and look at the photos (which he includes in the report).

And remember, Robert is a licensed General Contractor. Few in the property inspection biz have a pest license as well  (WDO – wood destroying organisms).

I mentioned a couple of weeks ago that he built his 5000 sf house in Moraga, while doing home/pest inspections).

As he told me this, his thought was that they had ALREADY written an offer and that it was accepted…and now they wanted to get their licks in and knock down the price.

IMHO…a southern California agent has no business writing any offer in N. CA. (and the reverse, as well). The purchase contracts can be different, a title company does the title research, and the escrow company conducts the escrow. Plus, various locations have varying disclosures, rent-control issues, and more.

He was intuitive enough (and had been around the block a few times) to guess what the buyers were trying to do.

So Ms. S. CA….you may be walking your way into a lawsuit. OR you may be walking away from the transaction because the Sellers are being represented by a local agent. Just give a local qualified agent a referral, at leave it at that.

Just thinkin’.

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)

BrokerTour Tues 9

Active listings 46 incl 5 PCH

Pending listings 45 incl 12 PSB

Sold 16

Stats for Solds this week 

Average Days on Market 104

Lowest Days on Market 4

Average Days on Market 23

Median Days on Market 13

That’s a wrap…call me and allow me to refer you to an agent(s) if you are thinking about moving out of town/area/state! I belong to the RES (Certified Residential Specialist), SRES (Seniors Residential Specialist) and those are comprised of excellent agents to make/give referrals to!

Stay cool!

best, marilyn

Check out my for fun blog….Boomer-Chick-Musings.com

THE SECOND STORY | October 18th, 2019

The natives have claimed their land back….

I took a bit of a working vacation….drove to Newport Beach with my bike on the back of my car. I stayed there for 5 nights. Had some lovely bike rides.

Then I drove to San Diego for a 3-day class to prep for renewing my real estate Broker’s License but stayed in SD for 5 nights. Had nice visits and a bike ride in SD with my son, his wife, and my 2 grandkids.

Then I drove from San Diego to Lodi (that’s a long drive)! Stayed there for 2 nights. Got home on Thurs eve..and now am writing my blogs on Friday eve.

 

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)

Broker Tour Tues 12

Active listings 51 including 1 BOM ad 5 PCH

Pending 9 including 3 PSB

Sold 18

Text, em, call me if you have questions about this market. Note how many Alameda properties have price reductions this week….that alone tells me about the market.

All good! It’s getting so dark so soon!

best, marilyn

check out my “for fun’ blog….Boomer-Chick-Musings.com