Thanks to Tim J. for this photo of his commute from San Francisco to Alameda!
I was shopping at Encinal Market a couple of days ago. And I saw a real estate agent/friend doing the same thing. We used to work together @ Harbor Bay Realty. (I left that company about 5 years ago.) She’s a terrific person!
Then another agent stepped through the automatic door and we knew him. And there were three of us standing in the veggies/fruits department. He’s a good guy!
Then we saw a local plumber and his son and we were all jawing around.
It’s kind of like the Alameda 4th of July Parade. You see folks you know…and then you don’t see them for a whole year.
However, I was at a meeting this week and heard that our annual 4th of July Parade will not be conducted by the Volunteer Committee (as it has been for years), but instead, the city will be paying $80,000 for somebody to come in and do it “properly.” OMG. Argh. Yuck.
Good news: bad news travel quickly. Bad news: good news is better.
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 (The seller may have stopped paying the lender, was behind a few months, etc. It’s a foreclosure!)This the first time in years that I’ve added this to our list!
Market Stats for Active Listings
Days on market high = 8
Days on market low = 3
Days on market median = 6
Market Stats for Pending Listings
Days on market high = 20
Days on market low = 15
Days on market average = 12
Days on market median = 14
Market Stats for Sold Listings
Days on market high = 7
Days on market low = 0
Days on market average = 0
Days on market median = 0
Have a great weekend! Let me know of any questions you may have about A-town’s real estate! I may not have the answer…but I’ll try to find the proper one out!