Berkeley Neighborhood Real Estate Data 2012 1st Quarter

2012 1st Quarter Data for Select Berkeley Neighborhoods
Click link below

Berkeley Hills 


Elmwood


Thousand Oaks


Gourmet Ghetto


South Berkeley/Lorin


Claremont/Rockridge

Good News for the Bay Area Economy

A colleague of mine had the privilege of attending the Fisher Center Real Estate Conference. Ken Rosen is one of the foremost real estate economists in the nation, and he was the keynote speaker. He gave a valuable macro view of the economy and how it affects real estate, both nationwide and in the Bay Area. A few points to share with you:

• The Bay Area is the strongest region in the nation. It is experiencing a boom similar to the late 90s. 
• However, the national market has bottomed but remains weak.
• Projection for 2012: 65% chance of moderate recovery; 20% chance of strong recovery; 15% chance of double dip.
• However, there is high uncertainty in the future, particularly in 2013. This is because tax laws may change in September/October, Iran and the Euro remain unsettled, and the government is projected to "inflation away the debt." 
• We are in a recession only in politicians' minds. There is a projected increase in 2012 GDP of 2.5%.
• Only a small percentage of the US is unemployed. The U.S. is projected to add 2M jobs in 2012.
• Consumer confidence is very high and increasing for the wealthy and the mid-aged (35-54).
• 3.5-4% inflation projected over next decade; when inflation increases, the real estate market booms (real estate is a great hedge against inflation).
• In the Bay Area, unemployment is only 4.2% (those with less than high school education, it is 12.6%). However, it is trending down for all.
• Looking at job growth by market, two of the highest markets are in the Bay Area: San Jose is #3 (3.5% growth, or 35K jobs) and San Francisco is #5 (2.8%/28K). Oakland, "a spill-over economy," is #14 (1.6%/15K).
• Housing starts have bottomed, resales are improving and affordability is at a 30-year high.
• US housing inventory recently plunged, "always" a sign of improvements to come.
• San Francisco rentals are the highest in the nation: a 13.3% increase year over year, 3% vacancy rate.
• Case Shiller has said values are not yet increasing - they are "wrong." Based upon numbers provided to Mr. Rosen by Red Oak Realty, values in the top markets in the Bay Area have all increased 2-6% in Q1 2012.

858 Neilson Street OPEN Sunday (2/12) from 11-1

Sorry about the weird time for this open house.   The tenants have a small child who naps between 1 and 4.  This house is difficult to get into to see so if you are interested please come by.  We'll be looking at offers next week

Short Sales

There is a lot of talk about short sales and how they effect one's credit.  I have learned that if a seller stays current on his payments right up to the closing of the short sale that he can immediately purchase a new home as long as he buys down. (Meaning that the new property has to have a value less than the one sold via short sale.)

Right now I am working as the listing agent on two short sales with Bank of America.  What I like about the program I am using (cooperative short sale) is that an inital price is agreed upon ahead of time so the buyer knows going into the transaction what the lender will accept.  It takes a lot of the ambiguity out of the transaction.  One listing at 858 Neilson in Berkeley is listed at $465K.  We know the lender will approve that price.  By the way this property is open on Sunday 2/12 from 11-1.  Come by and see what a bargain looks like.  This house is tenant occupied and they have a small child who naps during  the regular open house time.

Emergency Supply Caches Available to Berkeley Neighborhoods

Neighborhood and community organizations who are prepared to be self-sufficient in a major disaster can now apply to get free containers stocked with emergency response equipment from the City of Berkeley.

The Office of Emergency Services now has applications available for the 2012 Community Emergency Supply Program application. Measure GG passed in November of 2008 provided funding for a limited number of emergency supply caches to be awarded to neighborhoods or community organizations that show a high degree of preparedness and organization. The Community Emergency Supply Program has been supporting neighborhood organizations with supplies and training since 2003. There are currently 62 City-awarded disaster equipment caches distributed throughout the city.

It is essential that every household, family, apartment tenant, neighborhood and community group be prepared to survive for five to seven days on their own, until utilities and services can be restored.  The disaster cache program aims to foster awareness and provides neighborhoods and community organizations a goal for a minimum level of readiness to attain.  No one is prepared until everyone is prepared.

The equipment that includes portable generators, fire suppression hoses and nozzles, disaster first aid kit, portable communication radios and other safety equipment.

Caches will be awarded based on several criteria, including geographical distribution across the City, the risk assessment of the neighborhood, and the level of neighborhood involvement in the Community Emergency Response Training program.

The 2012 Community Emergency Supply Program is accepting applications through May 25, 2012. Applications can be picked up at the Fire Department Administrative Offices at 2100 Martin Luther King Jr. Way, 2nd Floor, Monday-Friday, 8 a.m. - 5 p.m., or online on the Office of Emergency Services web page at http://www.ci.berkeley.ca.us/WorkArea/linkit.aspx?LinkIdentifier=id&ItemID=3920.

Residents with questions can also contact Khin Chin, in the Office of Emergency Services via email atkchin@cityofberkeley.info or phone, (510) 981-5506.

Positive Press About Oakland!

The New York Times posted an article about the best places on planet earth to visit, and you know what? Oakland is listed as number 5!  Check out the article here:

"The 45 Places to Go in 2012"

http://travel.nytimes.com/2012/01/08/travel/45-places-to-go-in-2012.html?pagewanted=all 

But there is more!

"The West Coast Brooklyn"

http://beta.local.yahoo.com/videos-west-coast-brooklyn 

This short video just came out.  Hope you enjoy it!

So I say why visit when you can live here?!

Best wishes as we enter the Year of the Dragon

Celebrating the Holidays in Oakland at the Dunsmuir Hellman Estate

http://www.dunsmuir-hellman.com/

Oakland, CA - City of Oakland Office of Parks and Recreation invites you to step back in time and experience a turn-of-the-century Holiday Tradition at the Dunsmuir Hellman Historic Estate. There, you can  tour the magnificent 16,224 square foot, 37-room mansion thatvolunteers have put in more than 5,000 hours to transform into a breathtaking masterpiece of an Edwardian holiday. Each room is decorated with elegant holiday trees, garlands, antique furnishings and festive decorations to provide you with ideas for your own home decorations. Your family and friends will enjoy quality moment together as you stroll the lovely turn of the century 50-acre estate in the breathtaking Oakland Hills. 

           Additionally, you can indulge in the adult or children's holiday teas, ride the romantic horse-drawn carriage, sip some hot chocolate while being entertained by holiday performers. Enjoy a light snack in the Winter Café and fill your holiday shopping list by purchasing from the mansion gift shop or the Carriage House Crafters. Children will enjoy the Kid's Zone with horseback riding, holiday face painting, crafts and Breakfast with Santa.  On opening day - December 3rd, join in on the biggest Holiday Sing-Along on the Great Meadow that the Holiday Tradition has celebrated over the last 41 years.  

 This year's program has been expanded to include:  

Sunday, December 11, you can start with Breakfast with Santa while you enjoy the Tap Dancing Christmas Trees; followed by the special guest appearance of Oakland Ballet's "The Nutcracker Suite" at 1pm; and immediately followed by the Scottish Dancers at 2pm. Bring the children and entire family...! 

           Office of Parks and Recreation (OPR) Director Audree V. Jones-Taylor sums it up when she said, "Holiday traditions help us create memories and have lasting impacts on our children. So we invite everyone to 'Come Out and Play the OPR Way' and have a great time at the Annual Holiday Tradition activities."

Events start December 3rd through 18th (Saturdays and Sundays only) from 11:00am - 5:00pm. The Estate is located at 2960 Peralta Oaks Court, off 106th Avenue, Oakland, CA 94605.

           The Mansion is open on Fridays for tour groups. For more information, or to schedule a holiday tour please call 925-866-9559; or visit http://www.dunsmuir-hellman.com/

For pictures try http://www.herecomestheguide.com/northern-california/wedding-venues/dunsmuir-historic-estate/