September 2016

Found 3 blog entries for September 2016.

screen_shot_2016-08-21_at_6.08.16_pm_500_01 Image courtesy of Lennar/LPAS

Among the latest newly planned developments for the ever fast growing City of Oakland is this 7 story mixed-use building slated for the downtown area. To be built on a current parking lot, this building will include 224 housing units along with retail space and over 200 parking spaces! Located just a few blocks from the 19th St. BART station this proposed mixed-use building will be an exciting new addition to Oakland's rapidly changing Uptown area.

The project is being built by the national developer Lennar, who has already committed to building another large-scale Oakland residential project as well as an additional project in Berkeley. Furthermore, Lennar's building at 1750 Webster will be just one of two new projects

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At $449,000 this 4 bed, 2 bath, West Oakland home is a true bargain for my first time home buyers. Gina & Mitch first contacted me a couple of months ago wanting to purchase their first home in the same neighborhood as where they were renting. Just a couple of blocks from San Pablo Ave., the first property that we looked at was the one they wanted. It took a bit of negotiating and two days later we were in contract. Today, just about 34 days later I handed the keys over to Gina & Mitch!

Don't be discouraged by this real estate market as the right property is waiting for you, and I'm here to help you realize that dream!


Ary Assadi
East Bay Modern Real Estate

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Here is a quick Berkeley Real Estate Market Report for August 2016.  65 properties were sold this August, compared to 48 in August last year.  As of September 1st, there were only 33 active listings and 49 pending.  The inventory level is super low!

Though many properties were sold much higher than their asking price, ten properties were sold under their asking price.  To dig deep, I checked data from last August.  There were only two properties sold under their asking price. This seems to me a big change. Is the market shifting?  It may be....

Stay tuned! If you are looking to sell or buy a home in Berkeley, please contact me anytime.



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