Your Weekly San Francisco Bay Area Market Update - July 31, 2024
Good evening! We're experiencing a very pleasant summer season right now in the Bay Area, and I hope you're all taking advantage of the beautiful place we live in, such as visiting Napa Valley and its wineries on the weekends! With that... here's this week's market update! REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data) Alameda County as of 7/31/2024 Months Supply of Inventory: down from last week: 2.1 months (was 2.3) - still a sellers' market # of New Properties on Market Last 7 Days: down from last week: 418 (was 430) # of Properties Under Contract Last 7 Days: up from last week: 246 (was 228) # of currently Available Properties: down from last week: 2,109 (was 2,148) Median Listing Price Single Family: down from last week: $1.15mil (was $1.2) Condos/Townhomes: up from last week: $680k (was $674k) Multi-unit up to 4 units: same last week: $1mil Median Sold Price (last 30 days) Single Family: down from last week: $1.3mil (was $1.34mil) Condos/Townhomes: down from last week: $725k (was $738k) Multi-unit up to 4 units: down from last week: $1mil (was $1.1mil) Median days on market: slightly slower than last week: 14 (was 13) Homes Sold in the last 7 Days: slightly up from last week: 225 (was 221) Homes Sold in the last 30 Days: up from last week: 979 (was 940) Contra Costa County as of 7/31/2024 Months Supply of Inventory: same as last week: 2.3 months - still a seller's market # of New Properties on Market Last 7 Days: down from last week: 359 (was 370) # of Properties Under Contract Last 7 Days: up from last week: 313 (was 250) # of currently Available Properties: down from last week: 1,899 (was 1,914) Median Listing Price Single Family: slightly up from last week: $929k (was $925k) Condos/Townhomes: down from last week: $580k (was $627k) Multi-unit up to 4 units: down from last week: $650k (was $1.1mil) Median Sold Price (last 30 days) Single Family: up from last week: $925k (was $913k) Condos/Townhomes: down from last week: $608k (was $620k) Multi-unit up to 4 units: up from last week: $900k (was $880k) Median days on market: slower than last week: 17 (was 15) Homes Sold in the last 7 Days: up from last week: 183 (was 171) Homes Sold in the last 30 Days: down from last week: 839 (was 849) Marin County as of 7/31/2024 Months Supply of Inventory: same as last week: 1.9 months - still a seller's market # of New Properties on Market Last 7 Days: down from last week: 53 (was 63) # of Properties Under Contract Last 7 Days: down from last week: 56 (was 64) # of currently Available Properties: slightly down from last week: 421 (was 423) Median Listing Price Single Family: down from last week: $1.4mil (was $1.65mil) Condos/Townhomes: up from last week: $849k (was $822k) Multi-unit up to 4 units: $1.5mil Median Sold Price (last 30 days) Single Family: down from last week: $1.55mil (was $1.7mil) Condos/Townhomes: up from last week: $819k (was $812k) Multi-unit up to 4 units: same as last week: $1.1mil Median days on market: slower than last week: 33 (was 28) Homes Sold in the last 7 Days: up from last week: 50 (was 43) Homes Sold in the last 30 Days: down from last week: 218 (was 227) As always, if there's a specific city or neighborhood you're interested in, please let me know!Have a wonderful week!Best,Basak
Read MoreYour Weekly San Francisco Bay Area Market Update - July 24, 2024
Hello Bay Area community! Here's what the market is like this week. Please reach out if you have any questions! REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data) Alameda County as of 7/24/2024 Months Supply of Inventory: up from last week: 2.3 months (was 2.1) - still a sellers' market # of New Properties on Market Last 7 Days: down from last week: 430 (was 507) # of Properties Under Contract Last 7 Days: up from last week: 228 (was 217) # of currently Available Properties: up from last week: 2,148 (was 2,015) Median Listing Price Single Family: same as last week: $1.2mil Condos/Townhomes: down from last week: $674k (was $705k) Multi-unit up to 4 units: same last week: $1mil Median Sold Price (last 30 days) Single Family: slightly down from last week: $1.34mil (was $1.35mil) Condos/Townhomes: slightly down from last week: $738k (was $745k) Multi-unit up to 4 units: up from last week: $1.1mil (was $1mil) Median days on market: same as last week: 13 Homes Sold in the last 7 Days: down from last week: 221 (was 248) Homes Sold in the last 30 Days: down from last week: 940 (was 960) Contra Costa County as of 7/24/2024 Months Supply of Inventory: up from last week: 2.3 months (was 2.1) - still a seller's market # of New Properties on Market Last 7 Days: down from last week: 370 (was 447) # of Properties Under Contract Last 7 Days: up from last week: 250 (was 223) # of currently Available Properties: up from last week: 1,914 (was 1,882) Median Listing Price Single Family: up from last week: $925k (was $900k) Condos/Townhomes: up from last week: $627k (was $520k) Multi-unit up to 4 units: up from last week: $1.1mil (was $890k) Median Sold Price (last 30 days) Single Family: up from last week: $913k (was $890k) Condos/Townhomes: down from last week: $620k (was $655k) Multi-unit up to 4 units: same as last week: $880k Median days on market: quicker than last week: 15 (was 14) Homes Sold in the last 7 Days: down from last week: 171 (was 199) Homes Sold in the last 30 Days: down from last week: 849 (was 856) Marin County as of 7/24/2024 Months Supply of Inventory: slightly up from last week: 1.9 months (was 1.7) - still a seller's market # of New Properties on Market Last 7 Days: up from last week: 63 (was 54) # of Properties Under Contract Last 7 Days: same as last week: 64 # of currently Available Properties: slightly up from last week: 423 (was 420) Median Listing Price Single Family: down from last week: $1.65mil (was $1.7mil) Condos/Townhomes: up from last week: $822k (was $746k) Multi-unit up to 4 units: not enough sample size to compare Median Sold Price (last 30 days) Single Family: same as last week: $1.7mil Condos/Townhomes: same as last week: $812k Multi-unit up to 4 units: up from last week: $1.1mil (was $1.05mil) Median days on market: quicker than last week: 28 (was 19) Homes Sold in the last 7 Days: down from last week: 43 (was 56) Homes Sold in the last 30 Days: down from last week: 227 (was 250) If there's a specific city or neighborhood you're interested in, please let me know!Have a wonderful week!Best,Basak
Read MoreOnly 10% of Americans Know They Can Put Down 5% or Less! Down Payment Options!, by JVM Lending
According to JVM Lending's blog today, only 10% of Americans know that you don’t need a 20% downpayment to buy a home! blog link: https://www.jvmlending.com/blog/only-10-percent-of-americans-know-they-can-put-down-5-percent-or-less/ A recent Fannie Mae survey indicated that: 1. Only 10% of Americans know they can buy a home with 5% down or less. 2. Only 1 in 7 of “active home shoppers” know they can put down 5% or less. 3. Almost half of Americans believe they need at least 15% to 20% down. Call me so that we can talk about what opportunities you may have access to. 510.684.3939
Read MoreYour Weekly San Francisco Bay Area Market Update - July 17, 2024
Good morning Bay Area! Here is your latest picture. Please reach out if you have any questions! REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data) Alameda County as of 7/17/2024 Months Supply of Inventory: same as from last week: 2.1 months # of New Properties on Market Last 7 Days: up from last week: 507 (was 258) # of Properties Under Contract Last 7 Days: up from last week: 217 (was 206) # of currently Available Properties: up from last week: 2,105 (was 2,016) Median Listing Price Single Family: down from last week: $1.2mil (was $1.28mil) Condos/Townhomes: down from last week: $705k (was $749k) Multi-unit up to 4 units: up from last week: $1mil (was $900k) Median Sold Price (last 30 days) Single Family: up from last week: $1.35mil (was $1.33mil) Condos/Townhomes: slightly down from last week: $745k (was $748k) Multi-unit up to 4 units: down from last week: $1mil (was $1.1mil) Median days on market: same as last week: 13 Homes Sold in the last 7 Days: up from last week: 248 (was 177) Homes Sold in the last 30 Days: up from last week: 960 (was 951) Contra Costa County as of 7/17/2024 Months Supply of Inventory: up from last week: 2.1 months (was 2) # of New Properties on Market Last 7 Days: up from last week: 447 (was 265) # of Properties Under Contract Last 7 Days: down from last week: 223 (was 234) # of currently Available Properties: up from last week: 1,882 (was 1,824) Median Listing Price Single Family: same as last week: $900k Condos/Townhomes: down from last week: $520k (was $575k) Multi-unit up to 4 units: down from last week: $890k (was $1mil) Median Sold Price (last 30 days) Single Family: up from last week: $890k (was $850k) Condos/Townhomes: up from last week: $655k (was $495k) Multi-unit up to 4 units: slightly down from last week: $880k (was $884k) Median days on market: same as last week: 14 Homes Sold in the last 7 Days: up from last week: 199 (was 156) Homes Sold in the last 30 Days: down from last week: 856 (was 899) Marin County as of 7/17/2024 Months Supply of Inventory: down from last week: 1.7 months (was 1.8) # of New Properties on Market Last 7 Days: up from last week: 54 (was 24) # of Properties Under Contract Last 7 Days: up from last week: 64 (was 49) # of currently Available Properties: down from last week: 420 (was 435) Median Listing Price Single Family: up from last week: $1.7mil (was $1.47mil) Condos/Townhomes: up from last week: $746k (was $675k) Multi-unit up to 4 units: not enough sample size to compare Median Sold Price (last 30 days) Single Family: down from last week: $1.7mil (was $1.74mil) Condos/Townhomes: up from last week: $812k (was $720k) Multi-unit up to 4 units: up from last week: $1.05mil (was $900k) Median days on market: quicker than last week: 19 (was 20) Homes Sold in the last 7 Days: up from last week: 56 (was 38) Homes Sold in the last 30 Days: up from last week: 250 (was 237) If there's a specific city or neighborhood you're interested in, please let me know!I wish you all a wonderful week!Best,Basak
Read MoreYour Weekly Market Update, Let's have a chat! July 10, 2024
Hello everyone!Here is your latest Bay Area Market Update! As always, please let me know if you have any questions. REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)Alameda County as of 7/10/2024 Months Supply of Inventory: up from last week: 2.1 months (was 2) Still a Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: down from last week: 258 (was 353) # of Properties Under Contract Last 7 Days: down from last week: 206 (was 241) # of currently Available Properties: down from last week: 2,016 (was 2,079) Median Listing PriceSingle Family: up from last week: $1.28mil (was $1.25mil)Condos/Townhomes: up from last week: $749k (was $692k)Multi-unit up to 4 units: down from last week: $900k (was $985k) Median Sold Price (last 30 days)Single Family: slightly down from last week: $1.33mil (was $1.34mil)Condos/Townhomes: slightly down from last week: $748k (was $750k)Multi-unit up to 4 units: same as last week: $1.1mil Median days on market: slower than last week: 14 (was 13) Homes Sold in the last 7 Days: down from last week: 177 (was 203) Homes Sold in the last 30 Days: down from last week: 951 (was 1,032) Contra Costa County as of 7/10/2024 Months Supply of Inventory: up from last week: 2 months (was 1.9): still a Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: down from last week: 265 (was 325) # of Properties Under Contract Last 7 Days: up from last week: 234 (was 207) # of currently Available Properties: slightly up from last week: 1,824 (was 1,820) Median Listing PriceSingle Family: up from last week: $900k (was $850k)Condos/Townhomes: up from last week: $575k (was $495k)Multi-unit up to 4 units: up from last week: $1mil (was $900k) Median Sold Price (last 30 days)Single Family: up from last week: $890k (was $850k)Condos/Townhomes: up from last week: $655k (was $495k)Multi-unit up to 4 units: down from last week: $884k (was $900k) Median days on market: quicker than last week: 13 (was 14) Homes Sold in the last 7 Days: down from last week: 156 (was 196) Homes Sold in the last 30 Days: down from last week: 899 (was 948) Marin County as of 7/10/2024 Months Supply of Inventory: up from last week: 1.8 months (was 1.5) Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: down from last week: 24 (was 29) # of Properties Under Contract Last 7 Days: down from last week: 49 (was 67) # of currently Available Properties: down from last week: 435 (was 451) Median Listing PriceSingle Family: down from last week: $1.47mil (was $1.8mil)Condos/Townhomes: down from last week: $675k (was $749k)Multi-unit up to 4 units: not enough sample size to compare (was $1.6mil last week) Median Sold Price (last 30 days)Single Family: up from last week: $1.74mil (was $1.7mil)Condos/Townhomes: up from last week: $720k (was $650k)Multi-unit up to 4 units: $900k Median days on market: quicker than last week: 20 (was 21) Homes Sold in the last 7 Days: down from last week: 38 (was 50) Homes Sold in the last 30 Days: down from last week: 237 (was 260) If there's a specific city or neighborhood you're interested in, please let me know!Have a beautiful week!Best,Basak
Read MoreInsight on Buying Now vs Later
BUYING NOW VS LATER...INSIGHTS ON THE NUMBERS Good morning! I wanted to share some insights on a common topic that often comes up with my clients as I love being a resource and helping my clients make informed decisions. This may help you, too. The Impact of Interest Rates on Buying a Home Scenario 1: Buying a $1M Home Today - Interest Rate: 7% - Down Payment: 20% - Monthly Payment (PITI: Principal, Interest, Taxes, Insurance): $6,660 Scenario 2: Buying the Same Home at the same price if Rates were lower - Interest Rate: 6% - Monthly Payment (PITI: Principal, Interest, Taxes, Insurance): $6,130 ** Difference in Monthly Payment:** $530/month decrease However, consider this: - Let's assume that the rates will go down to 6% in a year. - The same home could cost $1.1M or more a year from now (considering a minimum annual house value increase in the Bay Area, coupled with increased competition if/when rates drop). ** New Monthly Payment for $1.1M Home at 6%: $6,743: higher than Scenario 1 for the same house Key Takeaways - When you buy now, for the same home, you'll pay less monthly than if you wait for rates to drop and home prices to rise. - You could also benefit from an increase in home value, potentially gaining $100K (and probably more) in increased value in a year. Every client and situation is unique, and this may not apply to everyone. If purchasing a home now is a priority and you have the ability to do so, consider this bigger picture when evaluating your options. I’m here to help guide you through the process. Have a great week! Basak
Read MoreYour Weekly Market Update - July 3, 2024
Good morning everyone!Here is your latest Bay Area Market Update! As always, please let me know if you have any questions. REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)Alameda County as of 7/3/2024 Months Supply of Inventory: up from last week: 2 months (was 1.9) Still a Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: down from last week: 353 (was 484) # of Properties Under Contract Last 7 Days: down from last week: 241 (was 263) # of currently Available Properties: down from last week: 2,079 (was 2,143) Median Listing PriceSingle Family: same as last week: $1.25mil (was $1.25mil)Condos/Townhomes: down from last week: $692k (was $748k)Multi-unit up to 4 units: down from last week: $985k (was $1.1mil) Median Sold Price (last 30 days)Single Family: down from last week: $1.34mil (was $1.4mil)Condos/Townhomes: down from last week: $750k (was $760k)Multi-unit up to 4 units: up from last week: $1.1mil (was $975k) Median days on market: slower than last week: 13 (was 12) Homes Sold in the last 7 Days: down from last week: 203 (was 246) Homes Sold in the last 30 Days: up from last week: 1,032 (was 997) Contra Costa County as of 7/3/2024 Months Supply of Inventory: down from last week: 1.9 months (was 2): still a Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: down from last week: 325 (was 410) # of Properties Under Contract Last 7 Days: down from last week: 207 (was 239) # of currently Available Properties: about the same as last week: 1,820 (was 1,822) Median Listing PriceSingle Family: down from last week: $850k (was $885k)Condos/Townhomes: down from last week: $495k (was $588k)Multi-unit up to 4 units: same as last week: $900k (was $900k) Median Sold Price (last 30 days)Single Family: down from last week: $850k (was $925k)Condos/Townhomes: down from last week: $495k (was $620k)Multi-unit up to 4 units: up from last week: $900k (was $863k) Median days on market: slower than last week: 14 (was 12) Homes Sold in the last 7 Days: down from last week: 196 (was 200) Homes Sold in the last 30 Days: up from last week: 948 (was 925) Marin County as of 7/3/2024 Months Supply of Inventory: down from last week: 1.5 months (was 1.9) Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: down from last week: 29 (was 72) # of Properties Under Contract Last 7 Days: down from last week: 67 (was 88) # of currently Available Properties: down from last week: 451 (was 497) Median Listing PriceSingle Family: up from last week: $1.8mil (was $1.5mil)Condos/Townhomes: down from last week: $749k (was $800k)Multi-unit up to 4 units: up from last week: $1.6mil (was $1.1mil) Median Sold Price (last 30 days)Single Family: down from last week: $1.7mil (was $1.8mil)Condos/Townhomes: down from last week: $650k (was $683k)Multi-unit up to 4 units: not enough sample size to compare Median days on market: slower than last week: 21 (was 19) Homes Sold in the last 7 Days: down from last week: 50 (was 64) Homes Sold in the last 30 Days: about the same as last week: 260 (was 261) If there's a specific city you would like to know about, please let me know!Wishing you all a fantastic week ahead!Best,Basak
Read MoreYour Weekly Market Update - June 26, 2024
REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data) Alameda County as of 6/26/2024 - Months Supply of Inventory: 1.9 months (up from last week) Still a Sellers' market, because inventory is moving quickly - # of New Properties on Market Last 7 Days: 484 (up from last week) - # of Properties Under Contract Last 7 Days: 263 (up from last week) - # of currently Available Properties: 2,143 (up from last week) - Median Listing Price Single Family: $1.25mil (up from last week) Condos/Townhomes: $748k (up from last week) Multi-unit up to 4 units: $1.1mil (same as last week) - Median Sold Price (last 30 days) Single Family: $1.4mil (same as last week) Condos/Townhomes: $760k (down from last week) Multi-unit up to 4 units: $975k (down from last week) - Median days on market: 12 (down from last week) - Homes Sold in the last 7 Days: 246 (up from last week) - Homes Sold in the last 30 Days: 997 (down from last week) Contra Costa County as of 6/26/2024 - Months Supply of Inventory: 2 months (up from last week): still a Sellers' market, because inventory is moving quickly - # of New Properties on Market Last 7 Days: 410 (up from last week) - # of Properties Under Contract Last 7 Days: 239 (up from last week) - # of currently Available Properties: 1,822 (up from last week) Median Listing Price Single Family: $885k (down from last week) Condos/Townhomes: $588k (up from last week) Multi-unit up to 4 units: $900k (up from last week) - Median Sold Price (last 30 days) Single Family: $925k (down as last week) Condos/Townhomes: $620k (same as last week) Multi-unit up to 4 units: $863k (slightly down from last week) - Median days on market: 12 (down from last week) - Homes Sold in the last 7 Days: 200 (down from last week) - Homes Sold in the last 30 Days: 925 (down from last week) Marin County as of 6/26/2024 - Months Supply of Inventory: 1.9 months (same as last week) Sellers' market, because inventory is moving quickly - # of New Properties on Market Last 7 Days: 72 (up from last week) - # of Properties Under Contract Last 7 Days: 88 (up from last week) - # of currently Available Properties: 497 (down from last week) - Median Listing Price Single Family: $1.5mil (down from last week) Condos/Townhomes: $800k (down as last week) Multi-unit up to 4 units: $1.1mil (down from last week, but not enough sample size) - Median Sold Price (last 30 days) Single Family: $1.8mil (down from last week) Condos/Townhomes: $683k (down from last week) Multi-unit up to 4 units: $1.75mil (up from last week) - Median days on market: 19 (faster than last week) - Homes Sold in the last 7 Days: 64 (up from last week) - Homes Sold in the last 30 Days: 261 (down from last week) If there's a specific city you would like to know about, please let me know!
Read MoreHappy clients, in their new Berkeley home!
Woohoo!!!Here are my happy clients in their new Berkeley home!Wishing them countless cherished memories, filled with fun, health, and love!I am beyond thrilled for them, yay!
Read MoreYour Weekly Market Update - June 12, 2024
REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)Alameda County as of 6/12/2024- Months Supply of Inventory: 2 months (up from last week) Still a Sellers' market, because inventory is moving quickly- # of New Properties on Market Last 7 Days: 426 (down from last week)- # of Properties Under Contract Last 7 Days: 223 (down from last week)- # of currently Available Properties: 1,847 (down from last week)- Median Listing PriceSingle Family: $1.3mil (up from last week)Condos/Townhomes: $685k (up from last week)Multi-unit up to 4 units: $1.2mil (up from last week)- Median Sold Price (last 30 days)Single Family: $1.4mil (same as last week)Condos/Townhomes: $825k (same as last week)Multi-unit up to 4 units: $1mil (down from last week)- Median days on market: 12 (up from last week)- Homes Sold in the last 7 Days: 200 (down from last week)- Homes Sold in the last 30 Days: 955 (down from last week)Contra Costa County as of 6/12/2024- Months Supply of Inventory: 1.85 months (up from last week): still a Sellers' market, because inventory is moving quickly- # of New Properties on Market Last 7 Days: 400 (down from last week)- # of Properties Under Contract Last 7 Days: 217 (down from last week)- # of currently Available Properties: 1,751 (up from last week)- Median Listing PriceSingle Family: $958k (up from last week)Condos/Townhomes: $597k (down from last week)Multi-unit up to 4 units: $925k (up from last week)- Median Sold Price (last 30 days)Single Family: $951k (up as last week)Condos/Townhomes: $625k (down from last week)Multi-unit up to 4 units: $1.1mil (up from last week)- Median days on market: 12 (down from last week)- Homes Sold in the last 7 Days: 195 (down from last week)- Homes Sold in the last 30 Days: 928 (down from last week)Marin County as of 6/12/2024- Months Supply of Inventory: 2 months (down from last week) Sellers' market, because inventory is moving quickly- # of New Properties on Market Last 7 Days: 67 (down from last week)- # of Properties Under Contract Last 7 Days: 83 (up from last week)- # of currently Available Properties: 537 (up from last week)- Median Listing PriceSingle Family: $1.5mil (down from last week)Condos/Townhomes: $675k (same as last week)Multi-unit up to 4 units: $1.5mil (up from last week)- Median Sold Price (last 30 days)Single Family: $1.9mil (same as last week)Condos/Townhomes: $761k (down from last week)Multi-unit up to 4 units: $1.3mil (same as last week)- Median days on market: 21 (slower than last week)- Homes Sold in the last 7 Days: 58 (down from last week)- Homes Sold in the last 30 Days: 268 (up from last week)If there's a specific city you would like to know about, please let me know!Wishing you all a super week ahead!Best,Basak
Read More-
Berkeley... diverse, fun eclectic, rich... Here are two Berkeley Northside scenes from a Sunday stroll. Let me know if you're interested in a tour!
Read More Your Weekly Market Update - June 5, 2024
Good morning everyone! Here is your first June weekly market update. As always, please let me know if you have any questions! REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data) Alameda County as of 6/5/2024 Months Supply of Inventory: 1.8 months (down from last week) Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: 482 (up from last week) # of Properties Under Contract Last 7 Days: 254 (down from last week) # of currently Available Properties: 1,999 (up from last week) Median Listing Price Single Family: $1.15mil (down from last week) Condos/Townhomes: $630k (down from last week) Multi-unit up to 4 units: $995k (down from last week) Median Sold Price (last 30 days) Single Family: $1.4mil (up from last week) Condos/Townhomes: $825k (up from last week) Multi-unit up to 4 units: $980k (down from last week) Median days on market: 11 (same as last week) Homes Sold in the last 7 Days: 301 (up from last week) Homes Sold in the last 30 Days: 1011 (up from last week) Contra Costa County as of 6/5/2024 Months Supply of Inventory: 1.7 months (same as last week): Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: 413 (up from last week) # of Properties Under Contract Last 7 Days: 244 (slightly down from last week) # of currently Available Properties: 1,668 (up from last week) Median Listing Price Single Family: $900k (down from last week) Condos/Townhomes: $627k (up from last week) Multi-unit up to 4 units: $560k (up from last week) Median Sold Price (last 30 days) Single Family: $950k (same as last week) Condos/Townhomes: $650k (up from last week) Multi-unit up to 4 units: $835k (down from last week) Median days on market: 11 (same as last week) Homes Sold in the last 7 Days: 252 (up from last week) Homes Sold in the last 30 Days: 960 (up from last week) Marin County as of 6/5/2024 Months Supply of Inventory: 2.1 months (down from last week) Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: 98 (up from last week) # of Properties Under Contract Last 7 Days: 78 (up from last week) # of currently Available Properties: 531 (up from last week) Median Listing Price Single Family: $1.8mil (down from last week) Condos/Townhomes: $675k (down from last week) Multi-unit up to 4 units: $1.15mil (down from last week) Median Sold Price (last 30 days) Single Family: $1.9mil (same as last week) Condos/Townhomes: $803k (down from last week) Multi-unit up to 4 units: $1.3mil (same as last week) Median days on market: 16 (slower than last week) Homes Sold in the last 7 Days: 86 (up from last week) Homes Sold in the last 30 Days: 256 (up from last week) If there's a specific city you would like to know about, please let me know!Wishing you all a wonderful week and weekend ahead and stay cool!Best,Basak
Read MoreMy clients are in contract to buy this cool Berkeley Craftstman-style home!
And they're very excited! This is 2940 Martin Luther King Jr. Way in Berkeley. The house was built in 1906, it has 4 bedrooms and 2 bathrooms, is 1,971 square feet with a 4,880 square foot lot, and is close to Bart, shopping, restaurants, amenities and more! If you're planning on buying here, too, please reach out!
Read MoreA San Geronimo Open House visit today...
Gorgeous property... beautiful, serene, quiet, bright, green... My pick of the week this week. If you'd like to explore the Marin real estate market, I'd be happy to help! This listing is 165 Meadow Way, San GeronimoListing by Michael Cusick, Realtor, DRE# 01260333Coldwell Banker Realty
Read MoreYour Weekly Market Update - May 29, 2024
Good afternoon everyone!Here is your last May weekly market update. As always, please let me know if you have any questions! INTEREST RATES - up from last week Conventional: 7.125% (depending on loan amount) Jumbo: 7.125% (depending on loan amount) FHA: 6.5% VA: 6.5% REAL ESTATE MARKET SNAPSHOTNote: I am including one more helpful data point below: Months supply of inventory (MSI) per county (specific cities may differ)MSI: how many months it will take for the current inventory of homes on the market to sell given the current sales pace if no new inventory comes to market- Under 5 months = sellers' market, because inventory is moving quickly- 5-6 months = balanced market, healthy pace of new listings to sales- 6+ months = buyers' market, because inventory is staying on the marketAlameda County as of 5/29/2024 Months Supply of Inventory: 2.2 months: Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: 382 (down from last week) # of Properties Under Contract Last 7 Days: 278 (up from last week) # of currently Available Properties: 1,964 (down from last week) Median Listing PriceSingle Family: $1.3mil (up from last week)Condos/Townhomes: $685k (up from last week)Multi-unit up to 4 units: $1.25mil (down from last week) Median Sold Price (last 30 days)Single Family: $1.38mil (same as last week)Condos/Townhomes: $770k (up from last week)Multi-unit up to 4 units: $1mil (down from last week) Median days on market: 11 (quicker than last week) Homes Sold in the last 7 Days: 185 (down from last week) Homes Sold in the last 30 Days: 897 (down from last week) Contra Costa County as of 5/29/2024 Months Supply of Inventory: 1.7 months: Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: 318 (down from last week) # of Properties Under Contract Last 7 Days: 247 (up from last week) # of currently Available Properties: 1,623 (a little up from last week) Median Listing PriceSingle Family: $977k (down from last week)Condos/Townhomes: $614k (down from last week)Multi-unit up to 4 units: $539k (down from last week) Median Sold Price (last 30 days)Single Family: $950k (up from last week)Condos/Townhomes: $643k (down from last week)Multi-unit up to 4 units: $865k (down from last week) Median days on market: 11 (slower than last week) Homes Sold in the last 7 Days: 188 (down from last week) Homes Sold in the last 30 Days: 925 (down from last week) Marin County as of 5/29/2024 Months Supply of Inventory: 2.25 months: Sellers' market, because inventory is moving quickly # of New Properties on Market Last 7 Days: 60 (down from last week) # of Properties Under Contract Last 7 Days: 69 (down from last week) # of currently Available Properties: 520 (down from last week) Median Listing PriceSingle Family: $1.9mil (down from last week)Condos/Townhomes: $735k (down from last week)Multi-unit up to 4 units: $1.7mil (down from last week) Median Sold Price (last 30 days)Single Family: $1.9mil (same as last week)Condos/Townhomes: $928k (up from last week)Multi-unit up to 4 units: $1.3mil (down from last week) Median days on market: 15 (slower than last week) Homes Sold in the last 7 Days: 54 (down from last week) Homes Sold in the last 30 Days: 231 (down from last week) If there's a specific city you would like to know about, please let me know!Wishing you all a wonderful week and weekend ahead as we head into the glorious summer months!Best,Basak
Read MoreYour Weekly Market Update - May 22, 2024
Happy Wednesday!Here is your latest and greatest weekly market update. As always, please let me know if you have any questions about the information here or would like to discuss any other real estate matters! INTEREST RATES - down from last week Conventional: 6.5 – 7.125% (depending on loan amount) Jumbo: 6.75 - 6.875% (depending on loan amount) FHA: 5.99% VA: 5.99% Conventional Investment: 7.125% REAL ESTATE MARKET SNAPSHOTNote: I am going to use "median" (vs. "average") list and sold prices moving forward as it's more indicative of market trends.Alameda County as of 5/22/2024 # of New Properties on Market Last 7 Days: 490 (same as last week) # of Properties Under Contract Last 7 Days: 239 (up from last week) # of currently Available Properties: 1,981 (up from last week) Median Listing PriceSingle Family: $1.15 mil (down from last week)Condos/Townhomes: $635k (down from last week)Multi-unit up to 4 units: $995k (down from last week) Median Sold Price (last 30 days)Single Family: $1.38 mil (same as last week)Condos/Townhomes: $756k (down from last week)Multi-unit up to 4 units: $1.2 mil (up from last week) Median days on market: 15 (quicker than last week) Homes Sold in the last 7 Days: 229 (down from last week) Homes Sold in the last 30 Days: 973 (up from last week) Contra Costa County as of 5/22/2024 # of New Properties on Market Last 7 Days: 385 (up from last week) # of Properties Under Contract Last 7 Days: 242 (up from last week) # of currently Available Properties: 1,617 (up from last week) Median Listing PriceSingle Family: $1.05 mil (up from last week)Condos/Townhomes: $665k (up from last week)Multi-unit up to 4 units: $1.1 mil (up from last week) Median Sold Price (last 30 days)Single Family: $935k (down from last week)Condos/Townhomes: $646k (down from last week)Multi-unit up to 4 units: $915k (down from last week) Median days on market: 10 (quicker than last week) Homes Sold in the last 7 Days: 231 (up from last week) Homes Sold in the last 30 Days: 975 (up from last week) Marin County as of 5/22/2024 # of New Properties on Market Last 7 Days: 111 (up from last week) # of Properties Under Contract Last 7 Days: 78 (down from last week) # of currently Available Properties: 523 (up from last week) Median Listing PriceSingle Family: $2.1 mil (up from last week)Condos/Townhomes: $851k (up from last week)Multi-unit up to 4 units: $2.85 mil (up from last week) Median Sold Price (last 30 days)Single Family: $1.9 mil (down from last week)Condos/Townhomes: $800k (up from last week)Multi-unit up to 4 units: $1.5 mil (same as last week) Median days on market: 13 (quicker than last week) Homes Sold in the last 7 Days: 64 (up from last week) Homes Sold in the last 30 Days: 233 (up from last week) If there's a specific city you would like to know about, please let me know!Wishing you all a wonderful week and weekend ahead!Fondly,Basak
Read MoreYour Weekly Market Update - May 15, 2024
Good afternoon! Here is your latest and greatest weekly market update! As always, please let me know if you have any questions about the information here or would like to discuss any other real estate matters. I am here for you! INTEREST RATES - down from last week - Conventional: 6.75 – 7.00% (depending on loan amount) - Jumbo: 6.625 - 7.25% (depending on loan amount) - FHA: 6.125% - VA: 6% - Conventional Investment: 7.375% REAL ESTATE MARKET SNAPSHOT Alameda County as of 5/15/2024 - # of New Properties on Market Last 7 Days: 490 (down from last week) - # of Properties Under Contract Last 7 Days: 224 (up from last week) - # of currently Available Properties: 1,860 (up from last week) - Average Listing Price Single Family: $1.54 mil (up from last week) Condos/Townhomes: $797k (up from last week) Multi-unit up to 4 units: $1.23 mil (up from last week) - Average Sold Price (last 30 days) Single Family: $1.5 mil (down from last week) Condos/Townhomes: $825k (down from last week) Multi-unit up to 4 units: $1.2 mil (up from last week) - Average days on market: 18 (slower than last week) - Homes Sold in the last 7 Days: 235 (up from last week) - Homes Sold in the last 30 Days: 931 (down from last week) Contra Costa County as of 5/15/2024 - # of New Properties on Market Last 7 Days: 362 (down from last week) - # of Properties Under Contract Last 7 Days: 225 (down from last week) - # of currently Available Properties: 1,599 (up from last week) - Average Listing Price Single Family: $1.5 mil (down from last week) Condos/Townhomes: $745k (down from last week) Multi-unit up to 4 units: $834k (down from last week) - Average Sold Price (last 30 days) Single Family: $1.3 mil (up from last week) Condos/Townhomes: $724k (up from last week) Multi-unit up to 4 units: $969k (down from last week) - Average days on market: 18 (quicker than last week) - Homes Sold in the last 7 Days: 196 (down from last week) - Homes Sold in the last 30 Days: 940 (same as last week) Marin County as of 5/15/2024 - # of New Properties on Market Last 7 Days: 98 (up from last week) - # of Properties Under Contract Last 7 Days: 81 (up from last week) - # of currently Available Properties: 484 (up from last week) - Average Listing Price Single Family: $2.13 mil (down from last week) Condos/Townhomes: $851k (down from last week) Multi-unit up to 4 units: $1.68 mil (down from last week) - Average Sold Price (last 30 days) Single Family: $2.4 mil (up from last week) Condos/Townhomes: $1mil (up from last week) Multi-unit up to 4 units: $1.66 mil (up from last week) - Average days on market: 30 (quicker than last week) - Homes Sold in the last 7 Days: 37 (down from last week) - Homes Sold in the last 30 Days: 217 (down from last week) If there's a specific city you would like to know about, please let me know! Wishing you all a full-hearted, fun, and productive week! Fondly, Basak
Read MoreHEART'S DESIRE BEACH, Point Reyes Peninsula
HEART'S DESIRE BEACH, Point Reyes peninsula Just 15 minutes from Point Reyes Station and 45 minutes from San Rafael, this tranquil spot offers pure serenity! Listen to the gentle waves, the call of seagulls, and the rustle of wind through the trees. Ready to explore Marin County? Let's go!
Read MoreWOMEN I ADMIRE - NILGUN WOLPE, Structural Engineer!
Hello everyone!I've been wanting to take a moment to celebrate and uplift the incredible women in my life who are not only successful business owners but also embody kindness, resilience, and determination in everything they do, and create magic everyday. From growing their businesses to supporting their communities, these women inspire me with their unwavering strength and grace. A fellow realtor colleague and friend does this, too, and I was inspired to take action today. :)One such remarkable woman is my friend and colleague, Nilgun Wolpe. She is a successful structural engineer and I admire how she conducts her personal life and her career with passion and dedication, all while maintaining a positive attitude and a smile on her face! By the way, we are both graduates of the same university - Middle East Technical University in Turkey! Let's do our part to recognize and champion the achievements of women like Nilgun, celebrate their success, and empower each other and our businesses to reach new heights! NILGUN WOLPE, Structural Engineer, President and Founder, NY Engineering, San Francisco Nilgun A.Wolpe is the president and founder of NY Engineering, a structural engineering company doing business in the San Francisco Bay Area and beyond. She founded the company in 2004. The company’s projects range from commercial, seismic soft story, multi-family, and residential overall. NY Engineering has engineered over 7,000,000 square feet since its inception and has averaged 400,000 to 500,000 square feet annually in recent years. As an engineer, Nilgun Wolpe has 20 years of experience in California, as well as 10 years of experience working abroad for a total of 30 years of engineering experience. She designs steel, wood, concrete, masonry buildings, and also specializes in seismic retrofit for a wide range of building types. Her company provides high- performance execution in all her work with an uncommonly reasonable response time. She prides herself in following her projects from her design phase through to the completed construction and works tirelessly to provide extra details for job site conditions. She will often guide contractors during the construction phase with a very hands-on approach. She enjoys and takes pride in making her projects come alive. She also believes in teamwork and in finding cost-effective and unique engineering solutions for each project she undertakes. To this end, she prides herself on staying current with Code changes and constantly attends seminars to maintain her very positive relationships with a wide range of building departments. NY Engineering is the company people come to when they want their project done right the first time, every time. website: https://www.nyengineering.net/email: nyengineering@sbcglobal.netphone: (415) 568-1270
Read MoreEast Bay GOLDEN HOUR collection...
East Bay GOLDEN HOUR collection... Among countless near-sunset vista points sprinklered across the entire East Bay, here are just a few samplings. Berkeley Alameda Oakland Jack London Square Beautiful! People strolling, talking, biking, swimming, sailing, enjoying dinner… or sitting in a bench enjoying the sunset over the water…Pretty!
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