THE SECOND STORY | June 24th, 2011

All is right with the world…well my little Alameda world.

Blog photo: I have admired the wall of flowers on the side of one of the neighbor’s homes.  I finally took the photo this afternoon and was able to include the row of lavender (?) on the adjacent neighbor’s home.  Nice to look at…lovely to live near!

Blog post:  This will be brief.  If you haven’t heard…South Shore Center (created in 1958) which became Alameda Towne Centre in 2002, ( Towny Centry as I called it), is once again back to Alameda South Shore Center with the tag of  ‘Come shop at the beach!’  The new owners got the message that Alamedans just weren’t giving up on South Shore.

Now if we can only figure out how to afford the pay increases the city council just gave to the firefighters this week, we might see a bit more of the all’s well in Alameda finances.

Quick Glimpses
Foreclosure myths (Wall Street Journal)
Has your market area bottomed out? (Wall Street Journal)

ALAMEDA REAL ESTATE THIS WEEK…

Open houses this weekend (from Alameda Patch)

It’s been busy.  Last Friday three clients closed their transactions:
1113 Camino Del Valle – Bay farm Island townhome Buyer
1545 C Santa Clara Ave – Stonehenge Storybook home Seller
204 Best Ave – San Leandro Mediterranean, Seller

On Tuesday of this week two clients closed their transaction:
924 Del Mar Sellers who bought…
5 Regulus, a Marina Village condo.  Those closed concurrently.

Del Mar received 4 offers 6 days after it was put on the market.  List was 535K and it closed for 580K, as is.

305 Court Street came back on the market today….boo hoo.  Buyers got nervous about the economy we were told…Buyer’s Remorse is the term most commonly used. 

Unsold inventory this week  183, 193 last report
Pending sales this week 110, 104 last report

Broker Tour 10 w/ 1 repeat. It was a hot tour!  I mean really hot temps!  Great being on the bike!

Highest and Lowest priced NEW listings
Palmera was an expired listing in 2006 for $2 ,099,000.  Then it was an expired listing in 2006 for $1,888,888.  Then it was an expired listing for $1,750,000 in 2007.  Now boasting a new kitchen it’s on the market for $1,494,188 (a magic number?).


New  13
Back on Market (BOM)  4
Repositioned properties (price changes)14
Pending  20
Sold  13
Expired  1
Withdrawn/canceled  8

ALAMEDA REAL ESTATE AWARDS THIS WEEK…remember this is only my perspective!
Winner of the Week
Get me a facelift


Alrighty!  That’s a wrap!  Carry on!  Have a great weekend!  Please ask if you need vendor referrals…I may be able to help!


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!