THE SECOND STORY | July 22nd, 2021

What’s with the market?

Is real estate cooling off a bit? I have no crystal ball, but I think it may be.

If you look closely, you’ll see a red/pink bird. I took the photo on Wednesday, in my backyard!.

If you know what type of bird it is…let me know!

Unfortunately, the Alameda police Captain did not show up for our Zoom meeting last Friday. I submitted several questions for him…but, oh well. We were to discuss the homeless getting into properties that are on the market. argh!

Have you heard that there may be a POS (point of sale) item coming on the City Council’s agenda?

Our Mayor is suggesting that all property owners should pay for our town to be an all-electric city (which is good) BUT it would be relegated to those properties that are on the market for sale.

This is not a good thing…and who knows how much it would cost? Yes, we need to head in that direction….but there should be a more reasonable/practical way to do it.

Okay. Let’s get on with the stats for this week.

DEFINITIONS:

AC (active contingent on selling another property)

PCH (price change)

PSB (pending sale, want backups)

BOM (back on market – fell out of escrow)

REO (real estate owned by the lender, i.e, foreclosure)

DOM (days on market)

Active Listings    

34, including 1 BOM and 3 PCH

DOM  high 1516   low 7   avg 75   med 16

Pending listings 

15, including 3 PSB

DOM  high 1516   low 1   avg 14  med 16

Sold listings 25

DOM   high 52  low 0  avg  11  med 8

Let me know if you have questions about the market….or any answers. And if you have any idea of that type of bird in the photo, I’d like to know that!

Be well, be safe, have a good weekend!  marilyn

 

 

 

THE SECOND STORY | July 15th, 2021

Clearing out the carriage house…

….of signs from yesteryear.

These are sign riders from listings from 3+ or more years ago. They all got dumped into the trash in time for the garbage folks to pick them up today.

I’m not sure why I kept them so long. Well, yes, I do! They didn’t take up too much space in the carriage house. Plus I had ivy growing inside the carriage house…and I got rid of that, too, over the last 2 weeks.

My late husband used that space to do all of his woodwork (building half-models of boats/yachts that he designed). He was quite the artist when it came to doing that woodwork. Often he would give his client(s) a gift of that half-model and often he would make one for himself.

It’s so interesting that signs don’t matter this much these days, because most of the info is on the internet. It’s probably better that way because there are photos on the internet, a map showing that location, along with the disclosures, and how to show the property.  The showing agent needs to schedule an appointment..and it’s all done electronically.

I let my clients know that I won’t have any Broker Tours (it’s expected that the listing agent will give vistors/agents lunch.

I don’t have any open houses at my listings, since Covid showed up, because it’s often neighbors who want to be looky-loos. It gives the llisting agent a chance to meet potential new clients (Buyers or Sellers) and IMHO it makes the house turn into an office, which it is not.

Most of my Sellers only want Buyers with their agent inside the house so they can get an in-person sense whether or not the property will work for them.

At that time selling agent has downloaded the disclosures before s(he) shows them the property. Hopefully, they’ll receive a copy of the pest/property inspections, as well.

We were supposed to have a police captain at our Local Goverment Relations (Alameda city) at our meeting last week. S(he) must have gotten busy with other items, because that person never showed up. S(he) was going to explain why/how vacant properties were being broken into/occupied by the homeless.

A couple of us Realtors attended a zoom meeting (with other Alameda citizens) which was led by the gentleman who is in charge of that city committee to let us know how what the city is doing about this subject.

It was most informative, thoughtful, and realistic, about the needs these situations present to the city…and how they’re trying to deal with it. The speaker spoke of the situation near the Tube, and in various other locations where the homeless camp out.

_________________

All things being equal (which they’re not), there are a lot of new listings on the market this week. 

DEFINITIONS:

AC (active contingent on selling another property)

PCH (price change)

PSB (pending sale, want backups)

BOM (back on market – fell out of escrow)

REO (real estate owned by the lender, i.e. foreclosure)

DOM (days on market)

Active listings this week 27 incl 2 BOM  and 1 PCH (but the price is still the same as last week).

DOM  HIgh 1509  Low 3  Avg 90  Med 16

Pending listings this week 19 including 2 PSB

DOM  HIgh 109  Low 3  Avg 90  Med 16

Sold listings this week 17

DOM  High 28  Low 0  Avg 10  Med 12

Have a great weekend (wherever that takes you) and let me know if you have ???

marilyn

 

THE SECOND STORY | July 8th, 2021

More listings on the market…..

….than solds….hmmm…..

I hope everybody had a safe and sane, Independence Day.

Is something changing in this market? Maybe….as I’ve said previously, the buyers choose the price…not the sellers.

The goal is to get the buyers interested enough to get them to slow down: look at the photos, look at the map, then drive/bike by and look at the neighborhood. If they like what they see (the property, the neighborhood) at that point, they’ll make an appointment with their agent to show them your property.

The goal is NOT to see/have a bunch of looky-loos in your house/property/condo/townhome/duplex. etc. The goal is to have pre-APPROVED Buyers look through your property and then decide if they like it enough to write an offer with their agent.

And by the way….I’m on a committee for the BayEast Association of Realtors and our monthly meeting for the Local Government Relations is on Friday. We’ll be interviewing one of the captains of our police department….about what to do if your (vacant) house is being a host to the homeless. And yes, that’s happening in Alameda.

DEFINITIONS:

AC (active contingent on selling another property)

PCH (price change)

PSB (pending sale, want backups)

BOM (back on market – fell out of escrow)

REO (real estate owned by the lender, i.e, foreclosure)

DOM (days on market)

Active listings 33

DOM  High 1502  Low 7  Avg  1  Med 20

Pending listings 14 incl 2 PSB

DOM  High 33  Low  0  Avg 10  Med 8

Sold listings 12 

DOM  HIgh 45  Low 0  Avg 13  Med 12

Enjoy the weekend and the weather! Call/text/email me if you have questions about this market! I may not have any answers but if I don’t have them I’ll find a person that may have that answer!  After all, this is a people business and my job is to find out what you expect and how to make it happen. And if I can’t make it happen, I’ll let you know.

Best, marilyn

 

THE SECOND STORY | July 3rd, 2021

Inventory is increasing….a bit….

Independence Day 2021

One of the things I found most interesting when I moved (with my husband) to Alameda, was the 4th of July parade. It seemed like the whole town was either in it, watching it from their front porches, or lining the streets: waving flags, and had come over the bridges or through the tube to be part of it. It felt like I was watching something from TV (n the 1970’s).  Andy of Mayberry (by the Bay). 

We didn’t have the parade in 2020, and won’t have our parade in 2021 due to safety precautions regarding Covid. That’s a smart move on behalf of the city. But I bet next year, 2022, could be over-the-top!

DEFINITIONS:

AC (active contingent on selling another property)

PCH (price change)

PSB (pending sale, want backups)

BOM (back on market – fell out of escrow)

REO (real estate owned by the lender, i.e, foreclosure)

DOM (days on market)

Active listings 28 (incl. 1 AC and BOM)

DOM  high 1497  low 3  avg 48  med 22

Pending listings 16 (incl 1 PSB)

DOM  high 15  low 3  avg 9  med 9

Sold listings 21

DOM  high 45  low 0  avg 10  med 10

Be safe out there…with those (illegal) fireworks here in town!

marilyn

THE SECOND STORY | June 24th, 2021

Properties are flying off the shelf….

I need to get some bids for my fence.

And there’s always something to do to maintain a property.

But talk about a true disaster in Florida!  I was driving in Oakland (Glenview District) to get some special keys made.  I usually listen to KQED (NPR). A 10 story condo building collapsed near Miami Beach.

I think this bothers me so much because my late husband was a Naval Architect. He majored in Structural Engineering @ Cal Poly San Luis Obispo.

OMG…what happened?

The emergency crews were looking for 99 missing people.  Why did this happen?

(Flashback to the past…  We needed to replace our brick foundation with concrete. The big 1989 earthquake happened 2 weeks after that work was completed. )

I encourage folks to get a pest and property inspection every 10 years. I finally did it myself maybe two years ago. Things change and I don’t have the talent (nor do I want that talent), so I use a professional. The pro that I use built his own house (5000 sf), ran that crew, and still did pest and property inspections.

If you’d like that name, email me and I’ll give it to you.

DEFINITIONS:

AC (active contingent on selling another property)

PCH (price change)

PSB (pending sale, want backups)

BOM (back on market – fell out of escrow)

REO (real estate owned by the lender, i.e, foreclosure)

DOM (days on market)

Active listings 29

DOM  high  106  low 6  avg 33  med 14

Pending listings 23 

DOM  high 26   low 0  avg  11  med 12

Sold listings 16

DOM  high 34   low 6  avg 33   med 14

I’ll be going to bed thinking about those folks in Florida. God Bless Them.

??? Let me know! And I’ll let you know if I don’t have an answer!

THE SECOND STORY | June 17th, 2021

New paint job for an old gal!

 

Hidden behind a lot of black netting

…this was recently revealed!

Located 2 blocks east of Grand Street, on Clinton Ave.,

the neighborhood Painted Ladies have a new Queen on the block. 

I don’t have to write much….the photo says it all!

DEFINITIONS:

AC (active contingent on selling another property)

PCH (price change)

PSB (pending sale, want backups)

BOM (back on market – fell out of escrow)

REO (real estate owned by the lender, i.e, foreclosure)

DOM (days on market)

Active listings 34  incl 1 REO and 1 PCH

Days on market  high 30  low 7  avg  38  med 21

Pending listings  12

Days on market  high 25  low 5  avg 12   med

Sold listings 22

Days on market  high 34   low 0   avg 10  med 10

Have a fun weekend….take a mask with you….just in case….

If you have ?’s, comments? let me know!  best, marilyn

THE SECOND STORY | June 10th, 2021

The language of real estate is changing…

(Roses are into their 3rd cycle of blooming!)

…for the better. And it’s a good thing.

No longer do we call the master bedroom,’ master.’ We now call it the ‘primary’ bedroom.  We don’t call the master bathroom, ‘master.’ We call it the primary bathroom.

I had the chance to tell some folks I was working with. They immediately got it.

We are such creatures of habit. One small step for real estate, one easy shift  for human-kind.

DEFINITIONS:

AC (active contingent on selling another property)

PCH (price change)

PSB (pending sale, want backups)

BOM (back on market – fell out of escrow)

REO (real estate owned by the lender, i.e, foreclosure)

DOM (days on market)

Active listings including 1 BOM and 1 ACTR

DOM high 92   low 7  avg 38   med 27

Pending listings 26 incl 3 PSB

DOM  high 1493  low 0   avg 67   med 12

Sold listings 26

Have a nice weekend! Carry a mask with you…just in case….!

Let me know if you have questions….but I may not have the answers! And no, I don’t know when this market will change…but sooner or later it will, whether it be man-made or nature-made.  marilyn

THE SECOND STORY | June 3rd, 2021

Just the facts this week…

I love the way the light exaggerates…

   … the pattern on the curtain!

DEFINITIONS:

AC (active contingent on selling another property)

PCH (price change)

PSB (pending sale, want backups)

BOM (back on market – fell out of escrow)

REO (real estate owned by the lender, i.e, foreclosure)

DOM (days on market)

Active listings   29 incl 1 RE0 (Real Estate Owned) by the lender – this is the first time I’ve seen this category in my blog…since I’ve been writing it!

DOM  HIgh 1488  Low 0  Avg 80  Med 15

Pending listings  14  including 2 PSB

DOM  High 98  Low 4  Avg 19  Med 13

Sold listings   21

DOM  High 52  Low 0   Avg 11   Med 8

Have a nice weekend! Looks like COVID restrictions are slowly being lifted!

I’m attempting to be courteous by keeping my mask on when I’m around folks I don’t know…which is pretty much everywhere.

Now if we can get the motorized vehicles to stay within the speed limit…I’ll be really happy!   marilyn

THE SECOND STORY | May 27th, 2021

Here’s why I don’t like…..

Water views!

New listing….2 Invincible Court, Marina Village, Alameda

….pre-emptive offers. Somebody’s going to get very upset (I was going to say pissed off)! if my Seller accepted one of those offers.

I’ve had 4 agents ask me if the Seller would look at pre-emptive offers. Of course, I needed to ask my seller. And I also told her that we’ve published an offer date, and those who are respectful of that date would be very upset if we had an offer accepted before that date/time.

The goal is to have a happy seller(s) and happy buyer(s), who play by the rules, as stated in the MLS.

Alameda Real Estate this Week

DEFINITIONS:

AC (active contingent on selling another property)

PCH (price change)

PSB (pending sale, want backups)

BOM (back on market – fell out of escrow)

DOM (days on market)

Active Listings this week  31 incl. 1 BOM

DOM  high  1401  low  4   avg  87   med  30

Pending listings this week  14 incl.  2 psb

DOM  high 658  low 7  avg  58  med 30

Sold listings this week  12

DOM  high  18  low 2  avg 8  med 8

The weather folks say that it will get hot (our version of heat) in Alameda. So get out there and enjoy it!

Be safe! If you have ??? about the real estate market, let me know. This market will start to slow down, even stop: it may be a man-made reason or a nature-made reason, but this can’t go on forever.

best, marilyn

 

THE SECOND STORY | May 20th, 2021

More ch ch changes

We’ve had some changes about showing properties in the past week (specifically, today).

Open houses are now allowed subject to: mask wearing for everybody, physical distancing between all attendees, hand-santizer, etc. This could change at any time, based on how this works out.

I was speaking with another long-time agent, who’s been in the biz longer than I have. (She looks a lot younger than me.)  (Due to the pandemic, many of the more experienced agents, have silver hair these days, because hairstylists were furloughed.)

I asked her if she was going to start holding open houses again. She said no, no, no! And I quickly agreed with her. The only reason any agent holds open houses is that it’s a chance to pull in some biz.  However, an open house is not the best time to conduct some type of interview. You’d have to make an appointment for that…and often folks may say “Can I have your card? I’ll call you.”

Open houses are a waste of time for an agent and for the sellers. The neighbors that do drift in are there to check out what the interior of the place looks like…and then either criticize or look really impressed. The Sellers (or the agent) spend some time getting it prepped for the looky-loos.

The best way to show a property is to have it staged, and let the photos do the talking. But that’s another subject for another time.

Shredding Party….I received another check this week, and matched that…so Alameda Meals on Wheels will have received  $8014! 

Alameda Real Estate This Week

DEFINITIONS:

AC (active contingent on selling another property)

PCH (price change)

PSB (pending sale, want backups)

DOM (days on market)

Active listings this week 27  

DOM   high 1474  low 1  avg 106  med  24

Pending listings this week 28  inc. 3 PSB

DOM  high 52  low 0  avg 106  med  24

Sold listings this week 13

DOM  high 20   low 1   avg 9   med 9

 

That’s a wrap! Questions?  Let me know!

best, marilyn