October 2016

Found 6 blog entries for October 2016.

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In the last three and a half years, Oakland rents have skyrocketed by 71%! Much of this is undoubtedly due to the migration of San Franciscans who have decided to make the move to the East Bay because of the even higher rents in San Francisco. However, there is more to it than just this. Oakland has been experiencing a bit of a Renaisance in the past few years. I'm sure many of you have heard the analogy by now that San Francisco is Manhattan and Oakland is the new Brooklyn. There is some real truth to this and it's not just a result of booming real estate value, but more of a causality of this actually.

As more and more people are leaving the ridiculousness of the San Francisco market, they are making the move to Oakland and with them have come new

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moving_box_400This just in. The City of Oakland currently has just announced that there are funds available for the Mortgage Assistance Program. This program is designed to assist low and moderate income first time home buyers with the purchase of a home in the City of Oakland, CA.  Depending on household income, the mortgage assistance program may assist with 20-30% of the mortgage. That's pretty huge. There is a limited amount of funds available so you have to act now if you are interested. Could be a great time to make a move! Read more about the program here. 

 

 

 

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I've lived in Emeryville for 5 years and even though I am aware that it is located right by the bay, I did not expect to see what I saw on the 7th floor deck of the Emerson: breath taking views! The Oakland harbor with its creature like cranes, the San Francisco hills, the Bay Bridge, with skyline of San Francisco, the Golden Gate bridge and the Marin headlands. Literally: views for days. The roof deck of this building is what got me sold. I started day dreaming of super bowl parties, brunches, romantic sunsets with wine and early morning mediation while watching the sunrise. Being a realtor, I see a lot of beautiful buildings, but this one made me want to move! Or at least befriend someone in the building so I could come back.

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It's almost Halloween.  Do you know what/who you will be? 

As you may suspect, the East Bay real estate market is getting a bit spooky. Berkeley is not an exception.

Though median sold price in September is 5% higher than that of last year, the percentage increase is a lot smaller than many of the previous months. 

Whether this trend continues or not, we will find out when the October numbers are available.

If you are looking to buy or sell in Berkeley, please contact me anytime! - Hiroko
 

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September 2016 HIGH LOW AVERAGE MEDIAN
List Price 1,399,000 $339,000 $800,510 $795,000
Sold Price $1,510,000 $342,000 $951,676 $985,000
     
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I can still hear my concerned San Francisco friends, when we told them that we are moving to the East Bay: ‘It's dangerous and so run down! Don't do it!' - I'm glad we didn't listen.

Emeryville is nestled between Oakland and Berkeley and is a nice mix between industrial buildings, businesses, single family houses and new loft and apartment buildings.

It has a small town feel, after all we are a smaller town for the bay area with only 11 000 inhabitants.

Here's what I absolutely love about living here: 

1.     I can walk everywhere
I walk to multiple grocery stores, the gym, my doctor, coffee shops, restaurants, the mall, the movie theater and yes, to the bar.

2.     Public transportation
Emeryville has its own Amtrak station, a free shuttle

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Congratulations to my first-time buyers who just closed escrow on this gorgeous 2 bedroom, 2.5 bathroom, 1,250 sqaure foot West Oakland townhouse!

Built in 2008 and freshly renovated, my clients got a great deal in a prime location just blocks from Downtown Oakland, BART, and freeways. This townhouse features large windows, high ceilings, tons of natural light, updated kitchen, 1 car attached garage, all within a gated complex.

There are still units left! Fixed prices and NO BIDDING! What are you waiting for? Call me!

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