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 Email: diane@dianeverducci.com |
The total number of properties on the market for Albany, Berkeley, El Cerrito and Kensington, in the price range from $675,000 to $1,000,000 is 57. 34 of those listings have been on the market since July 17 and of those 34, 19 were put on the market last week. I find it interesting the scheduled dates for offers: of the 34, 24 listings did not have offer dates. This implies 1) the sellers might be willing to take an offer relieving the buyer of being in a competitive situation and/or 2) the sellers not sure of their price but willing to test the market. For the same areas, in the price range under $675,000, there are 41 available properties, 15 of which are condos. First time homebuyers begin their search in the low $500,000 and can often result in purchasing in the high $500,000 to mid $600,000. The number of competitive offers is very high in this range and can result in sales over $675,000 . The forecast for September: Right after Labor Day, there will be more properties on the market with higher asking prices to acknowledge fewer buyers in the market and therefore less competition to drive up the price. Our advice now to sellers: place your property on the market for a price you are willing to accept, not a hopeful price reached by competitive offers that may not materialize..
For senior citizens, accepts transfers of property tax base assessments from other California counties or within the same county. Counties that are participating are Alameda, San Mateo, San Diego, Orange, Ventura, Los Angeles and Santa Clara. Of course there are requirements for the home sold vs the home being bought, but this proposition absolutely helps seniors wanting to buy down. New Lifestyles - The latest issue has arrived for Senior Residences and care options. If you would like a copy, please email me at newlifestyles@dianeverducci.com
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Best loans today are 30-yr fixed, at about 6.%.
» Berkeley Jazz Festival Downtown Berkeley Jazz Festival - Open Celebration A summer music festival that features jazz and related styles of music from throughout the world. Music and correlated cultural events such as film, poetry, dance and cuisine occur at various venues throughout the Downtown. Visit www.DowntownBerkeley.org for schedule of events. » UC Berkeley Events UC Berkeley's Calendar of Events include famous photographs of Yosemite, concerts, and film. Visit www.berkeley.edu/calendar » UC Berkeley Welcome Week Caltopia III, the premier Welcome Week event on the UC Berkeley Campus, held on Friday August 26 - Saturday August 27 at the Recreational Sports Facility. Join thousands of UC Berkeley students, campus and community supporters and check out the latest products, fashions, technology, sounds and tastes from local and national companies Visit www.berkeley.edu/calendar
» Downtown Berkeley www.downtownberkeley.org A guide to the Berkeley's Downtown area including arts & entertainment, dining, shopping, events, transit and much more. » Additional Senior Resources: www.dianeverducci.com/eastbayseniors.html Lists Bay area Senior Centers, and links to many online senior related websites. Looking for an interesting web site you saw in one of the previous newsletters? This month's links and links from previous issues can be found at http://www.dianeverducci.com/news_links.html |
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Diane@DianeVerducci.com | 510-654-1280 ext. 449 |