Tuesday, September 19, 2017 / by Abio Properties, Blogger
We know the East Bay real estate market is hot. But how hot?
A new study that compares national home sales prices with initial purchase prices found that Oakland sellers reap the greatest return on their investments – by a landslide.
The typical Oakland homeowner made a profit of $235,000 on the sale of their property in 2016, after living in it for about seven years, according to a Zillow report out this month.
That’s 78 percent more than what the owners initially paid.
Nationally, homeowners sold for 24 percent more than what they initially paid, a gain of about $40,000.
The data analyzed by Zillow was from 2016, but we can tell you anecdotally that nothing has changed in 2017. Home values continue to climb in the strongest sellers market, thanks to record low housing inventory.
Oakland was one of the nation’s most competitive markets this August, when about 67 percent of homes sold above list price, according to analysis by Red ...
Monday, August 14, 2017 / by Abio Properties, Blogger
Roses are red. Violets are blue. I love your house. So sell it to me.
You found your dream house and you love it so so much! The problem is, you are shopping in the red-hot East Bay real estate market, where homes for sale in Oakland, Berkeley, Lamorinda, Alameda and the rest of the East Bay draw multiple offers. A recent Abio listing in Walnut Creek got 11 offers, another in Berkeley received 15, and a house in Oakland got a whopping 23! You get the picture...
How can your offer stand out in this competitive climate? One highly effective but understated tool is the love letter to the seller.
Making the highest offer might be the obvious way to win a bid, but sometimes the bottom line isn’t just about money. It’s about whether you made a personal connection with the seller.
A love letter to the seller puts a human face on your bid. With a letter, you are no longer just a number on a piece of paper. You are someone who loves the home, who has a backsto ...
Tuesday, August 1, 2017 / by Abio Properties, Blogger
As Bay Area home prices continued to break records, Abio Properties co-founder Linnette Edwards helped explain the red-hot real estate trend to the San Francisco Chronicle and KRON4 News.
Reporters sought Linnette’s expertise after a new industry report showed that the median Bay Area home price rose to $735,000 in June, up 7.5 percent from the same time last year.
In Alameda County, the median home price jumped 10 percent to $770,000, from last June to this June. In Contra Costa County, the median rose 7.2 percent to $580,000, according to CoreLogic analytics.
The San Francisco Chronicle reported:
"Alameda County posted the largest month-to-month [May 2017-June 2017] rise in prices, 5.9 percent. Some homes in the popular areas of Oakland and Berkeley are selling for 60 percent more than the asking price and approaching San Francisco on a price-per-square-foot basis, said Linnette Edwards, associate broker with Abio Properties. 'I’ve neve ...
Friday, May 26, 2017 / by Abio Properties, Blogger
Remember when homes in the Berkeley and Oakland hills commanded premium prices and multiple offers because of their quiet suburban appeal and spectacular Bay and City views?
Well, a new era of buyers have been flipping that East Bay home sales trend on its head. Now the flats are where it’s at, in part, because they are so walkable.
Hot neighborhoods include Bushrod, Temescal and Rockridge – all easy walks to BART stations, bus stops, schools and booming commercial districts with farm-to-table dining, bookstores, craft brew pubs, funky and upscale shops, gourmet markets and children’s stores.
Abio Realtor Elisabeth Watson says when she moved to the Berkeley Hills 12 years ago, the flats didn’t register as desirable unless they were very close to BART. Now she’s strategizing with hopeful homebuyers faced with a highly competitive market in the flatlands of western Berkeley and Oakland.
“In a market ...