Emeryville

Last 30 Days in the East Bay for July 2018

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Job growth is driving the demand for housing while hikes in mortgage Interest rates, increasing down payment requirements and tightening mortgage qualifications are challenging the consistently increasing market activity and rise in home pricing over the last 6 months. In some East Bay neighborhoods there is a slowing in new and active homes to market, median pricing and list to sale price, signifying a market shift and the first downtick since the beginning of 2018.  

STATS: July and (Change since June)

BERKELEY

SOLD  73 (+11)
New 35 (-18)
Active 57 (-20)
Median Days on Market 22 (+7)

MEDIAN PRICE
SOLD $1,220,000 (-$105,000)
New $998,000 (-$52,500)
Active $1,150,000 (-$45,000)
Sale to List Price 115% (-4%)

Patty: Berkeley stats are a good benchmark for East Bay market activity. 9 more homes SOLD in July, with decreases in new (-18) and active (-20) listings to market. Homes are staying on market for +7 days, at approx. 3 weeks. List to sale price has decreased by 4%. Make a home purchase in Berkeley while inventory is available.  

ALAMEDA

SOLD 39 (No Change)
New 14 (-13)
Active 22 (-6)
Median Days on Market 25 +(13)

MEDIAN PRICE
SOLD $1,100,000 (+$225,000)
New    $958,000 (-$43,000)
Active $958,000 (-$33,500)
Sale to list price 114% (+2%)

Patty: Alameda inventory has slowed for the second month in a row with approx 50% less new listings to market. Median SOLD pricing has increased while median offer pricing of new and active listings has decreased. Buyer demand continues, with final sale prices creeping up to 14% over ask.

EMERYVILLE

SOLD 13
New 10
Active 17
Median Days on Market 17

MEDIAN PRICE
SOLD $685,000
New     $624,000
Active  $599,978
Sale to list price 111%

Patty: Alameda inventory has slowed since last month, with about 30% less active listings though the same amount of homes have sold since last month showing steady buyer demand, with final sale prices moving up by a small margin. Expect to offer up to 12% over ask to compete.

PIEDMONT

SOLD  7 (-6)
New 4  (No Change)
Active 6  (-1)
Median Days on Market 16 (-2)

MEDIAN PRICE
SOLD $2,500,000 (+$485,000)
New $2,096,000 (+$20,000)
Active $2,495,000 (-$177,000)

Patty: July shows a slower market as will happen during the summer months with sale pricing and homes coming to market at a lower median price than the previous month. The market remains consistent in Piedmont with buyer demand for new and active listings. Expect a start point for homes here to be near and above the $2m mark. 

Next Level East Bay Real Estate Representation! 
PATTY ROGERS | The GRUBB Co. | Broker Associate, Lic #00669968  

#marketsurvey #marketreport #dreamhome #homes #eastbayrealestate #realestate #homesales #homesforsale #luxurylife #eastbayrealtor #homeseller #listingagent #homebuyer #buyeragent #eastbaylife #realtorlife #sanfranciscoeastbay #berkeley #oakland  #piedmont #emeryville
#modicumofcharm #pattyrogers #thegrubbcompany #noBS


What Does $500,000 Get You in the East Bay?

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What does $500,000 get you in the East Bay? A cross section of 1-2 bedroom condos with amenities, some outdoor space and smaller "modicum of charm" single family homes, some updated. Here are a few of over 58 currently for sale in this price point in #Oakland#Berkeley #Alameda #Emeryville

TIPS: Consider homes in a price point lower than your loan amount. Review comps and recent sales along with your agents local market knowledge to arrive at a home value and expect to leave room in your bid to make a competitive offer.

Connect for OPEN HOUSE times and private showings!

EMERYVILLE

1 Captain Dr #D251
1 Bed | 1 Ba | 817SF | Condo
Offered for $479,000

6400 Christie Ave #4111
1 Bed | 1 Ba | 743 SF | Condo
$489,000

ALAMEDA

1333 Webster St #A200
2 Bed | 1 Bath | 843SF | Condo
Offered for $469,000

11790 9th #3
1 Bed | 1 Bath |767SF | Condo
Offered for $424,000

BERKELEY

2543 Martin Luther King Jr Way #4
1 Bed | 1 Bath | 484 SF | Condo
Offered for $449,000

OAKLAND 94610

199 Montecito Ave #106
1 Bed | 1 Bath | 625 SF | Condo
Offered for $449,000

OAKLAND 94606

2039 E 22nd St | Single Family Home
4 Bed | 2.5 Bath | 1285 SF
Offered for $442,000

OAKLAND 94603

9943 Plymouth St
2 Bed | 2 Bath | 956 SF | Single Family Home
Offered for $449,000

Cover Photo: (L.) 1 Captain Dr #D251, (R.) 9943 Plymouth St

Next Level East Bay Real Estate Representation!

PATTY ROGERS | The Grubb Co. | Broker Associate, BRE#00669968


The Last 30 Days in the East Bay

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A brisk market with rising final sale prices. Buyer demand for homes is strong in 50 neighborhoods of Oakland, Berkley and Alameda. Remain flexible, and leaving room for competitive offers is key.

Here are the stats. For more CONNECT! > https://pattyrogershomes.com

BERKELEY (ALL) 

SOLD 44 (+16) 
New 39 (+9) 
Active 46 (+5)
Median Days on Market 12 (-2) 

MEDIAN PRICE

SOLD $1,300,000 (+$182,500)
New $1,158,000 (+$13,000)
Active $1,222,500 (+$27,500)
Sale to List Price 122% (+5%)

Patty: Sale to List Price rose 5% over last month as more sales were made, yet still limited inventory under $1.2m means bidding remains competitive nudging up final sale pricing across the board. 

NORTH BERKELEY HILLS 

SOLD 11 (+5) 
Active 14 (+6)
Median Days on Market 7 (-4)

MEDIAN PRICE

SOLD $1,285,000 (+$267,000)
New $1,379,00
Active $1,741,500
Sale to List Price 121% (+6%)

Patty: The $1.2m - $1.7m price point is the most active with homes flying off the market within 7 days. Competitive bidding is making final sale prices rise, 6% in the last 30 days. Think of purchasing in higher $$$ areas off-season or be prepared to compete.

EMERYVILLE | OAKLAND

SOLD 9
New 10
Active 11
Median Days on Market 11

MEDIAN PRICE

SOLD $659,100
New $599,000
Active $599,000

Patty: Last 30 days showed lower price points than current market offerings. Emeryville offers mostly condos; as one of the most affordable, entry level housing areas in Oakland and is great locale for commuters. Find 2 bed/1 & 2 bath condos under $1m.

ALAMEDA ISLAND

SOLD 27
New 12
Active 21
Median Days on Market 23

MEDIAN PRICE

SOLD $925,000
New    $824,000
Active $849,000
Sale to list price 112%

Patty: Lots of inventory in Alameda, with approx. 3 weeks to compete for homes under $1m, many requiring upgrades or overhauls, depending upon age and improvements. At final sales price 12% over asking, make effective offers to call Alameda your home. 

Next Level East Bay Real Estate Representation! 
PATTY ROGERS | The Grubb Co. | Broker Associate, BRE#00669968 

#marketupdate #homepricing #eastbayrealestate #luxurylife #pattyrogers #brokerassociate #eastbayrealtor #eastbaybroker #eastbaylife #realtorlife #sanfranciscoeastbay #modicumofcharm #homesforsaleinoakland #homesforsaleinberkeley #igotyourback #thegrubbcorealtors #thegrubbco #aroundtheblock #40yearsinrealestate #realestatecloser #hiphomes #NoBS


Condo or Home? Which one to buy?

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Are you a first time home buyer thinking about a condo vs. a single family home purchase?

Consider the benefits of buying a condo. 

Typically, condo's hold value with less maintenance cost, as general common area maintenance and large repairs are covered by HOA dues. Look for an HOA with healthy reserves and ask about any upcoming projects which may require owners to pay a special assessment fee. Understand the CCR's, covenants, rules and restrictions which govern the HOA and your HOA dues. 

In a single family home you must make interior and exterior home repairs, on demand. It's a larger investment of time and money. The ability to add value to the interior of a condo rather than the exterior, means a smaller outlay for home improvement. 

Bonus...condo pricing is at the lower end of the market. Our East Bay condo market is thriving with units asking $350k and up. Remember to add in HOA costs and consider that condos are currently selling for approx. 10% over the asking price. 

Think of buying a condo as a first step toward your next purchase of a single family home. Connect to discover condo's in the East Bay! 

Next Level East Bay Real Estate Representation! 
PATTY ROGERS | The Grubb Co. | Broker Associate, BRE#00669968  

#pattyrogers #brokerassociate #eastbayrealestate #eastbayrealtor #eastbaycondos #emeryville #rockridge #realtorlife #homebuyer #homesforsale #condos #eastbaylife #firsttimehomebuyer  #sanfranciscoeastbay #modicumofcharm #homesforsaleinoakland #homesforsaleinberkeley #igotyourback #abioproperties #aroundtheblock #40yearsinrealestate #realestatecloser #hiphomes #NoBS


Life in Emeryville...

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Emeryville lies between Oakland and Berkeley! Emeryville was once an extensive Native American settlement on the mudflats next to the San Francisco Bay. Meat packing plants eventually moved in to process cattle from nearby ranches, bringing the first of many industries to the area. Today, Emeryville is the corporate headquarters for such well-known names as Pixar, Peet’s Tea and Coffee, Clif Bar, The Center for Investigative Reporting and Jamba Juice. The city also boasts the Bay Street shopping center complex that includes Ikea and a multiplex movie theater. The city also has its own Amtrak station, marina and shoreline park.

Emeryville is only 1.27 square miles and has a population of nearly 12,000, but offers many terrific amenities for such a small, urban city. You will find alot of condos with fabulous gyms, green space, parking, community rooms here and multi family housing. The median home value is $518,900 which has risen 9% since last year.

For 35+ years, Patty Rogers, Broker Associate, BRE#00669968 with Abio Properties, has been previewing and matching stylish homes to satisfied Bay Area homebuyers and breaking sales records with her listings. She is known for finding and selling unique homes with a "Modicum of Charm" and is a shrewd negotiator who understands how to successfully orchestrate deals.

#pattyrogersbrokerassociate #eastbayrealestate #modicumofcharm #homesforsaleinoakland #homesforsaleinberkeley #igotyourback #insight #itelligentcounsel #experience #40yearsinrealestate #pattyrogersabioproperties #modicumofcharm #insight #igotyourback #NoBS


Commuting from the East Bay - What is it Like?

How long does it take to commute to San Francisco from the East Bay? Is it painful and how much does it cost? With so many moving to the East Bay from San Francisco while continuing to work there, it's a tremendous consideration.

Here's what we know about how to get across the bay in time for work.

 
 

BART: From the North Berkeley Bart station to Montgomery it's a 30 minute ride and $4 each way.

DRIVE: It's also around 1/2 hour to 45 minutes, depending upon how close you live to the freeway. The on ramps of  80/I-580 and 880 FWY's all converge at the Bay Bridge which makes it crowded on the way to the toll and at the SF side exits. The current toll is $6. You can get a Fas Trak® electronic toll to make use of the express lanes and access your transpo costs online. Some commuters share their ride, using the carpool lane to take advantage of the HOV lane and split the toll costs.

CarPool & VanPool: There are pick-up points for a "casual carpool option", where willing drivers will meet at a designated spot to share their commute. Check out 511 Rideshare If your group is larger, you can opt for Van Pool. You will also find park & Ride lots on this site and App. They had a Ride Matching Service. 

 
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AC Transit: The transbay AC transit lines give you 3 ways to plan your trip, using Bing and Google maps, plus 511.org to see nearby routes and services. AC transit is a great way to travel and see the sights depending upon your time constraints. It takes a little longer depending upon where you live.

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San Francisco Ferry: Select the terminal you want to depart from Harbor Bay, Alameda Main Street, Oakland Jack London Square and depart at the SF Ferry Building, SF Pier 41, or AT&T Park in San Francisco. Some of the routes run year round with weekday and weekend service while AT&T Park is seasonal. Taking typically 55 minutes, you can enjoy the majestic views and hop in an Uber to make it from the Port to your destination.

Your length of commute depends upon the time of day, traffic patterns, public transit delays and so forth, however it is easy to see that you can arrive to your San Francisco destination in around an hour give or take. Living the East Bay lifestyle is well worth a commute and we are fortunate to have such a well oiled mass transit system to accommodate the ebb and flow of East Bay commuters.

For 35+ years, Patty Rogers of Abio Properties has been previewing and matching stylish homes to satisfied Bay Area homebuyers and breaking sales records with her listings. She is known for finding and selling unique homes with a "Modicum of Charm" and is a shrewd negotiator who understands how to successfully orchestrate deals.

IKEA EMERYVILLE - SUPRISING EXTRA'S FOR SHOPPERS!

IKEA in Emeryville is a mainstay of the community and a destination for Bay area furniture and accessory shoppers. While we enjoy Scandinavian design, smart furniture and sleek affordable offerings, they offer FREEBIES for families for dining, a gift registry and tips for shoppers.

UPCOMING IKEA EVENTS:

  • This May, every Tuesday KIDS EAT FOR FREE for breakfast, lunch or dinner at the restaurant offering Swedish-style dishes or local favorites. Check out their Swedish Food Market for delectable sustainably prepared take-home meals and treats. 
  • The IKEA FAMILY MEMBERS DINE for FREE on May 6 & 7 AND over Memorial Day Weekend on May 27, 28 & 29, by deducting your restaurant purchase from your store purchase of $100 or more before tax; by showing your IKEA FAMILY card and restaurant receipt to the cashier. To take advantage of this offer, be prepared to enjoy your FREE MEAL and first, GET your free loyalty card in store or register HERE>. See store for full details.
  • TAKE A CLASS on Saturday 5/13 from 2:30-3:30pm to learn HOW TO DRESS YOUR TABLE focusing on ways to set your table for summer entertainment, inside & outdoors.
  • MORE EVENT INFO

MORE for the KIDS AT IKEA:

At the Emeryville store find a supervised playroom for potty trained kids 37-48" tall. They can play for 1 hour on weekdays and 30 minutes on weekend. If you're an IKEA FAMILY MEMBER (see above), you receive an extra 30 minutes playtime. The Baby Care Room is near the restaurant and the kid friendly restaurant has a play area, bottle warming station and microwave.

IKEA IDEAS this Spring:

The KITCHEN ISLAND

This stainless steel island holds ingredients, tools and towels and has a stainless work surface and wheels, making it easy to use and move.

FLYTTA Kitchen cart $179

FLYTTA Kitchen cart $179

Storage suggestion: Dry Goods in attractive containers and bottles. Try IKEA's new In-Store Kitchen Planning Service with 2 hour consult, layout of your kitchen, 3D drawing and Itemized price quote. Bring your measurements or use their $99 measuring service...all reimbursed with a gift card when you purchase a kitchen. Stop by the store or call for an appointment and please see store for full details. 510-420-7004 x1926

STENSTORP Kitchen Island $399

STENSTORP Kitchen Island $399

Bigger than most, you can throw a couple of counter stools underneath and dine here or peruse recipes over a glass of wine. Plenty of shelf storage for dish ware, bakeware; freeing up cabinet space.

TEXTILE POWER:

Home makeover with textiles can turn your whole home around. Play with colors, textures and volume for maximum impact.

SYSSAN Curtains, 1 pair $59.99

SYSSAN Curtains, 1 pair $59.99

BJORKSNAS Cushion cover $34.99

BJORKSNAS Cushion cover $34.99

Coordinate textiles with similar colors and patterns and try mixing materials to keep it interesting. When it feels coordinated you can get away with a lot - even hanging a rug on the wall!

STOCKHOLM Ottoman $279

STOCKHOLM Ottoman $279

OTTIL Cushion Cover $10

OTTIL Cushion Cover $10

IKEA Emeryville Store Information

Address:  4400 Shellmound St., Emeryville, CA 94608
Store Hours: Monday - Saturday: 10:00am-9:00pm, Sunday: 10:00am-8:00pm
Restaurant Hours: Monday-Saturday: 9:30am-8:30pm, Sunday 9:30am-7:30pm 

Visit the IKEA Emeryville Homepage on their WEBSITE>

Patty Rogers, Broker Associate, BRE# R00669968

Patty Rogers, Broker Associate, BRE# R00669968

For 35+ years, Patty Rogers - Abio Properties, has been previewing and matching stylish homes to satisfied Bay area homebuyers and breaking sales records with her listings. She is known for finding and selling unique homes with a "Modicum of Charm". For next level real estate representation, connect with Patty for your home listing or purchase.

All Photos courtesy of and information for this post sourced from IKEA Emeryville Website. Please visit website for further details.