THE SECOND STORY | March 26th, 2020

Communications from those who want to know….

Cloud formations at Alameda Point, today.

……what’s going on with the real estate market (aka with the Corona Virus pandemic)?

I tell folks that I don’t read crystal balls…I don’t pretend to know what the future will bring….and while we can learn from the past….I have no idea how this will shake out.

I do give them items to think about….

-Buyers: How long do they anticipate living there? Is there a chance that  they could lose a job (income)? Is there a chance that they could go through a job transfer to other areas, states? What happens if what they bought loses value, for whatever reason?

-Sellers: Why are they moving? Would it be better to rent out where they now live, instead of selling it? Do they want to downsize? Right-size? Get a single level house/townhome/condo? Do they need to consider an IRC 1031 exchange if they rent out that property now, does it have units that generates income? Cash-out? Leave on a boat and never come back?

I was selling Alameda real estate when we had the earthquake, when we were attacked on 9/11, when the Oakland hills fire decimated everything, and of course when the financial fiasco hit (2008).

Just some things to think about…..

—————————————————————

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 (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!

Alameda Real Estate this Week

Active listings 30 including 4 BOM

Pending listings 7

Sold 15

One of the things that I’ve noticed these 2 plus weeks, is that I smile at strangers more in these troubled times. And they smile back, genuinely.   We are all working through this together. And I don’t want to lose sight of that.

Get a hold of me if you have questions and/or comments.

Best, marilyn

 

 

THE SECOND STORY | March 19th, 2020

It’s a bit weird in the real estate world…..

….and in the whole world. But somehow the weirdness brings out the best in people. I think folks are kinder and smile more readily (even with the face masks on).

 

The above is a sign on the third floor of Alameda’s City Hall. It’s not always so calm up there….but I took the photo over 5 years ago. Now it really means something. May you find peace, calm, satisfaction, and wellness in all parts of your lives!

Needless to say, clients, potential clients, friends and neighbors, are calling, em, texting, stopping me in the stores, and want to know what is happening in our local real estate world. I spoke with a couple this morning (we tried Zoom, but couldn’t get it to work), so we just used our phones.

My response to these folks is: I can’t predict the future. I’ve been through a few of these man-made and/or nature-made events over the years. I may be able to tell my clients various scenarios of what may happen…but there is NO guarantee.

Most of us, in compliance with Gov. Newsom’s order, won’t be holding any properties open, even for the broker tour.  And that’s a good thing!

That doesn’t mean that an agent can’t open up a vacant house and show their buyer(s). They can.

BUT…should an agent ask permission to get into an occupied house? NO! Who would want a stranger inside of their property….even if they’re desperate to sell it? Under today’s circumstances…no way!

In fact, I think this Coronavirus will change the way MOST real estate agents will do business, even after it’s left our lives.

I never show a property unless I have a meeting with the potential clients at a Starbucks, Peet’s, Blue Dot, Wes Cafe, etc.  We have a chance to ask questions of each other, and then we’ll make a decision whether to work together, or not.

Most of my clients come from referrals, not me door-knocking, not me rounding up and hounding people at open houses.

ALAMEDA’S REAL ESTATE MARKET 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)

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!

33 Active 

Click Here to View Listings  

49 Pending

Click Here to View Listings

11 Sold

Click Here to View Listings

OK. That’s my 2 cents worth for now.

Stay calm, cool, and do something great for your neighbor(s)! Even if that just means checking in with them, in person!

best, marilyn

 

THE SECOND STORY | March 12th, 2020

Sunshine, sunset….


My friend and I go out bike riding on Monday’s, late in the afternoon, it’s dark when it’s winter. But it’s glorious when the time changes, in March.

I was talking to some friends this week, and they told me that we voted to get rid of Standard Time. WHA? When did that happen? They said we (CA) voted 2 years ago!

When in doubt, I look it up on google. So I did. And I found this statement from CA. Assemblyman Kansen Chu speaking:

“I am committed to ending the harmful practice of switching our clocks twice a year and delivering on the voter’s decision at the ballot box in support of Proposition 7,” said Chu. “I share voters’ frustration that we will be shifting back to standard time on Sunday. Unfortunately, California and other states cannot move forward with permanent daylight saving time without authorization from the federal government.

“In January, I will introduce an Assembly Joint Resolution urging Congress to authorize states to practice permanent daylight saving time and continue my work to pass Assembly Bill 7 so California is ready for when Congress decides to take action.”

California is one of 14 states this year to introduce legislation for permanent Daylight Saving Time.

There are also four bills waiting in Congress that could allow California and other states to make the time shift: H.R. 1556, S. 670, H.R. 1601, and H.R. 2389. Congress has until December 2020 to act on those bills.

On the list of important things…this may not be so high…but it is, and hopefully it will be! And get rid of the Standard Time Zone for Calif!

 

Alameda Real Estate this Week

Active listings 29

Pending 51

Sold 11

Have a great weekend!

best, marilyn

 

 

THE SECOND STORY | February 28th, 2020

Good old days? Good new days?

I met a friend at Ole’s (Waffle Shop) a week ago. The restaurant has been in Alameda since 1927. My friend was greeted by name by most of the staff!

It was 11:45am and we both ordered breakfast. I’m a fan of their waffles.

 

When Carl and I showed up in Alameda, it was clearly a Navy town back in 1973. The Alameda Naval Air Station was going full blast. I’d never seen anything like A-town before.

We moved into a studio apartment on Central Ave., which was converted to units back in the 1940s, from a Victorian house. I’m not sure how many apartments were in that building.

When my parents drove from Newport Beach lugging a bunch of wedding gifts….they were rather shocked. No, mom and dad, this is NOT Newport Beach. My dad had a brother, who had a large family, and they lived in Piedmont. That’s more than a big step across the estuary!

These days it’s rather depressing about how many stores and shops on Park Street and Webster (and streets in between) have been shuttered and/or are left vacant for years. I get it…it’s a whole new world in retail. Order online…get your stuff/food right away. No driving, no parking your car.

It will be interesting to see what the city does….especially since there’s another big housing shortage, certainly in Alameda, and throughout the state. There is talk about getting rid of some zoning requirements: having 2+ ADU’s (Accessory Dwelling Units) in a backyard, lowering ceiling heights for basement areas to create living spaces.

NEW VIEWS! Just click on the links.  

Active listings 15 including 1 NREO, 2 PCH

Pending 13

Sold 5

(Please let me know if the links don’t work!)

I’ll be at 814 Ironwood Road (aka Bay Farm Island/ Harbor Bay Isle). Come by, say hi, take a look!

Best, marilyn

THE SECOND STORY | February 20th, 2020

Why I love this town…

Even though Alameda is an island, and if (aka when) there’s an emergency and all of the bridges can’t be opened or crossed, and the tube is flooded with saltwater, I still trust that our citizens and guests can rely on each other. 

Why do I say that? Because I believe in people: all kinds of people. Down deep, I think people want to help others.

When I ride my bike around town….I’ll smile first and maybe someone will smile back: walkers, dog walkers, grumpy folks, babies being pushed in strollers by their nannies, mommies, daddies, or siblings. Even if I don’t get the ‘smile’ back to me, it’s okay.

        An issue that is right,  doesn’t gain impact by anger.

And if I take the time to listen, just listen, he, she, they may calm down.

I didn’t watch the full (wannabe) presidential debate last night, but it was a bit fascinating to me. Rich guys, young guys, older folks, ancient folks, women folks (neither of whom are filthy rich).

But our island city is getting more and more like the debates: yelling, interrupting. Folks, just try listening. It might be hard, but it’s worth trying.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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 (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!

__________________

Broker Tour Tues 8

__________________

Active 27 including 1 BOM, 1 PCH

_________________

Pending 8

_________________

Sold 9

_________________

Market Stats for Active Listings (Days on Market)

High = 1022

Low = 7

Average = 125

Median = 22

__________________

Market Stats for Pending (Days on Market)

High = 8

Low = 0

Average  = 21

Median = 10

________________________

Market Stats for Sold (Days on Market)

High = 85

Low = 0

Average = 21

Median =10

Getting close to Daylight Savings Time!

Have a great weekend! marilyn

 

THE SECOND STORY | February 13th, 2020

Co-living…..

 

It doesn’t matter if you have somebody special or not. Everybody deserves to be listened to and actually heard. So Happy Valentines Day to all! The photo above was sent to me by some very dear friends. 

 

I received an email a few moments ago explaining what ‘co-living’ is. I’ve been by myself for so long…I’m more than happy to continue that way. I can argue with me, be quiet with me, fall asleep anywhere: in my back yard, my bed, my reclining chair, with my radio on NPR, with my TV on.  

Check this out…

https://www.cnbc.com/video/2020/01/24/start-up-bungalow-is-taking-homes-and-making-them-co-living-communities.html

Of course, this video doesn’t talk about rent-control and all of those ramifications that could be involved. Or if somebody moves in, and then acts like an ass?  What if the owners want to sell the house — are the renters able to stay? How about if one or more folks are not nice and mean? But it’s an interesting idea! 

 

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 (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!

__________________

Broker Tour Tues 8

__________________

Active 27 including 1 BOM, 1 PCH

_________________

Pending 8

_________________

Sold 5

_________________

Market Stats for Active Listings (Days on Market)

High = 1022

Low = 7

Average = 125

Median = 22

__________________

Market Stats for Pending (Days on Market)

High = 8

Low = 0

Average  = 21

Median = 10

________________________

Market Stats for Sold (Days on Market)

High = 85

Low = 0

Average = 21

Median =10

Have a great 3 day weekend!

best, marilyn

check out my ‘for fun’ blog – Boomer-chick-musings

THE SECOND STORY | February 6th, 2020

Traffic…

Last month I was driving through San Francisco via Highway 1 (Ocean Beach).  It was pretty glorious….cold with bright sunshine, even late in the day. I found myself downtown sitting and waiting for traffic to get moving onto the Bay Bridge. And when I looked up…I was right next to the Salesforce mammoth office building. So I took this photo. I started to think ‘what would I do if we had an earthquake?’ I have an emergency kit in the trunk of my car. I decided not to have those thoughts. And eventually, I got on the bridge and when I crossed Treasure Island, it was smooth sailing to Alameda. 

However, what happens when we can’t get onto or off of this island? And Jamestown (who owns South Shore Center), wants to build 800 units on the east side (near the carwash)? Really? 

 

 

 

 

 

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 (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!

___________________

Broker Tour Tues 6

___________________

Active listings (25 including 1 PSB)

Pending listings (36)

Sold listings (9)

___________________

Market Stats for Active Listings

Days on market high = 105

Average Days on market low =6

Average DOM = 13

Median DOM = 14

__________________________

Market Stats for Pending Listings

Days on market high = 36 (including 6 PBS)

Days on market low = 5

Days on market average = 30

Days on market median = 14

__________________________

Market Stats for Sold Listings

Days on market high = 78

Days on market low = 0

Days on market average = 32

Days on market median = 33

__________________________

Have a nice weekend! Call, text, email me if you have thoughts about the market, and/or questions!

Best, marilyn

 

THE SECOND STORY | January 30th, 2020

Alameda has a small town feel…kinda.

 

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.

_____________

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 (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!

___________________

Broker Tour Tues 8

___________________

Active listings (29 Active)

Pending listings (7)

Sold listings (1)

___________________

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!

Best, marilyn

 

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