THE SECOND STORY | April 2nd, 2009

Spring bloom blast and a blustery day by bike.

(This week’s blog photo is courtesy of a friend of a dear friend and client of mine who is a regular reader. Robert Perricone is a wonderful photographer of all outdoors Alameda, AND has loads of Alameda walks he’s logged, tracked, and cataloged, complete with distances, landmarks, and notes on items of interest along the way. In his email print version he has links to many of those items. It’s quite impressive! So thanks Betty for sending along three of his photos, and thanks Robert for being willing to share! As I read through some of the Alameda walks, it occurred to me they are excellent bike rides -my style)! I named Robert’s photo this week “Spring bloom blast.” It is located in the linear street park along Main Street (walk and bike path within it) on the way to the ferry on the estuary –oh that rhymes! I like it!)

When the kids were little there were favorite books that Carl and liked for ourselves. They were meant for the kids, but they became part of our lives. A day like today was a classic Winnie the Pooh Blustery Day. Wonderful and gorgeous! I was riding around town on my bike doing a loop full of errands, watching the whitecaps on the bay when I realized what a classic spring day we had. Blustery. And so it goes.

Alameda real estate this week….
The common thread this week is once again the financing hoops people are being required to jump through. Here are some stories from one of my CA Assoc of Realtors online trade journals that may help explain what is going on out there and why it all seems to dump on just you. Trust me, the lenders are not that exclusive…they are doing it to everybody.

Jumbo mortgages costly and still hard to get

Mortgage refinances on the rise
(duh, my comment)

Cashing out is now harder

Challenging your property tax valuation – now that we’ve passed the comp cutoff date of March 31, you’ll be able to collect comps up to that date if you want to challenge your assessment. But you can’t actually submit anything until you receive your postcard in July from the county with the notification of what your property is being valued at. Some of you have inquired about the values and I’ve already sent out some comp info so folks are ready. If you have questions, let me know but there is plenty of time to get organized and I’ll keep you in the loop.

My client got an accepted offer at 538 Haight this week! I’ve received several calls from people who are positioned and motivated to sell for any number of reasons: need to sell in order to buy, not just moving out – moving out of the country, tired of being a landlord. And I’ve had a number of calls from those ready to jump into the market: seeing a combination of super low interest rates and price drops, wanting to move into a larger place, downsizing. I think this is indicative of the larger market and that the activity level is increasing because of that perfect combo of interest rates and pricing. But along with that it’s been equally interesting to see numerous properties come BOM in the past weeks.

Another big list of pending sales this week. Inventory is down…hhmmm.

Active listings 158, 168 last report
Pending listings 71, 68 last report

Tuesday tour
(not too many) 9 with 2 repeats

Highest priced new listing

Lowest priced new listing

New 10

BOM (back on market)
2

Price changes 2

Pending 18

Sold 9

Expireds 2

Withdrawn/cancelled 8

Alameda real estate awards this week…remember this is only my perspective!

Get me a facelift! and me too! That’s it!

Have a great weekend!

Carry on! 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!