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Market Conditions in 94605 : Real Estate Advice

  • All34
  • Local Info5
  • Home Buying17
  • Home Selling1
  • Market Conditions3

Activity 43
Fri Dec 7, 2012
Pacita Dimacali answered:
Looks like it's listed at $125k

By following this link, I also found this info
http://reo.wellsfargo.com//WBREODetails.aspx?INTCID=REO385474&page=Home&showreohome=true&dm=DMITRREOL1

Take a look...
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0 votes 2 answers Share Flag
Tue Jun 30, 2015
Alison Hillman answered:
Hi jesalucas,

That's a good question! You should work directly with an agent who can help you learn more about that specific property (and probably will know a lot about similar properties in the area). To find an agent, just click on the yellow button on the property's listing and you will be able to start a dialogue.

Please let me know if you have any questions or if I can help with anything else. I am happy to be a resource for you. Good luck with the search!

Best,
Ali, Trulia Voices Community Manager
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0 votes 1 answer Share Flag
Tue Oct 23, 2012
Ron Thomas answered:
The VALUE of your home was never determined in 2008, unless it was SOLD!

You might be able to determine a close Market Value by having a kind and willing Realtor do a CMA, using the other houses that WERE sold around that time.

Just to prepare you; they're going to ask you why you would want to know; it has absolutely no relevancy to today's VALUE.

Good luck and may God bless
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0 votes 6 answers Share Flag
Wed Oct 10, 2012
Michael Cheng answered:
Do you have a specific question about vacancy rates? What type of property, what time frame, and what locations are you looking for?
0 votes 2 answers Share Flag
Mon Aug 27, 2012
The Medford Team answered:
Sun Jun 23, 2013
Gina Odom answered:
Hi Dan,

I always suggest to my buyers to drive around the neighborhood at different times of the day and talk to neighbors. You can also check out the crime maps on Trulia to see what type of crimes are happening in the area. Everyone's perspective on crime is different so you need to figure out what you are comfortable with. Good luck! ... more
0 votes 9 answers Share Flag
Mon Apr 16, 2012
Kenneth Lee answered:
It's a good market for multi-family properties in your zip code. The investors that I've worked with recently are frustrated by a lack of good inventory. When a well-maintained, well-priced property in a desirable rental area comes on the market it's likely to receive multiple offers. Pricing is key though. Although there are many investors looking to buy most are still wary about over-paying. In general I'd say there is no shortage of potential buyers in the market. The shortage is in the available inventory. ... more
0 votes 11 answers Share Flag
Sat Jun 16, 2012
Lucy Armentrout answered:
This is a sort of crystal ball question and any responses are only going to be based on an agent's experience and best guess. With that caveat in mind, I'll say that I feel generally bullish about the Oakland hills, but I think the most appreciation will occur in neighborhoods fairly close to downtown (easy commutes to downtown Oakland or SF), with good elementary schools, that are safe but currently undervalued. Montclair is not inexpensive but has been a bit underappreciated for the last few years, so I see appreciation potential there. (In fact, I already see prices rising in the Montclair hills.) Going a bit further south, there are great neighborhoods with good schools (like Redwood Heights) and I expect these areas to rebound quite well as the economy picks up.

Feel free to give me a call or email if you'd like to talk more about Oakland hills housing trends.
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0 votes 5 answers Share Flag
Mon Jun 18, 2012
Bill & Elijah Fletcher answered:
Dear ?
My short answer is that I'm not seeing it yet. But I expect they will as soon as the improvements are complete and as soon as the public realizes that the market has turned.

Good question!
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0 votes 3 answers Share Flag
Sat Jun 16, 2012
Tom Clement answered:
My sense is that the lower priced houses have pretty much bottomed out. While some have called a bottom on the > 500K market, I personally doubt it. They haven't dropped down to their historical inflation adjusted norm, and there are many factors working against their staying expensive. For example, low interest rates making high priced homes more affordable. It almost sounds like a good think, eh? Well house prices are typically based on affordability. If we have abnormally low interest rates, what do you think will happen to house prices when interest rates return to normal? Other factors include the huge shadow inventory of delinquent but unforeclosed homes, the retirement of the baby boom generation with too much house and not enough retirement savings, and continued unemployment rates far above normal. This is just my (probably self-rationalizing) two cents, but take it for what it's worth and at least consider these factors before buying. ... more
0 votes 1 answer Share Flag
Wed Apr 13, 2011
Antoine Pirson answered:
Hi Property Mom:

That unfortunately is an incomplete questions that cannot be answerd as such. What is the exact neighborhood? Why decided it was iffy? Where did you get the rent price from? What configuration of units in the six plex? What is the condition of the property vs. the neighborhood? What is the investment return you trying to get, and why? As you can see many more questions before you can come to conclusion on your question. I am a real estate broker and investment adviser. I will be teaching and investmetn class next week Tuesday at the rockridge library. YOu can come see me there or make an appointment to discuss your potential six plex purchase. I have developed an investment spreadsheet for Oakland. I only share it with my clients. I will run it to verify your property if you come see me in the offcie.
Kind regards
Antoine
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0 votes 4 answers Share Flag
Sat Feb 25, 2012
Karla Wagner answered:
WHOA....not all Realtors will give you a "strong yes".

I would say wait a bit, do some serious research, and if you choose to buy, proceed with caution. And I wouldn't recommend buying three properties either, maybe one, but only if there are strong signs of stabilization, which we haven't seen as of yet.

There's some good advice in the blogs section as well...check out "too many buyers on the fence" blog below... Good luck to you!
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0 votes 14 answers Share Flag
Sat Nov 27, 2010
Bill & Elijah Fletcher answered:
HI RDM,
Best way is to call a good realtor and ask him/her to do a comparative market analysis and an absorption rate pricing strategy. And keep in mind htat the answer you get today may not be valid in 3 months. You can also do your own market analysis but its not recommended. Many of us will do the CMA for free hoping that if you decide to sell that we might earn your business. Good luck, ... more
0 votes 6 answers Share Flag
Sat Jun 26, 2010
Bruce answered:
the data for 94621 last 3 months shows almost $400 sq/ft. this is obviously wrong. if trulia doesn;t program basic data checking ino the data before they format it into html ... it makes trulia data look unreliable. is that clear? ... more
0 votes 3 answers Share Flag
Thu May 20, 2010
Robert Greenblatt answered:
Hi Joi. The best way to get a snapshot of pricing is to look where local landlords are advertising their homes for rent. Local newspapers, craigs list, myhomerenter.com.

Robert Greenblatt
Keller Williams
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0 votes 1 answer Share Flag
Sun Feb 28, 2010
Troy Staten answered:
Can you narrow down your time frame example would be Jan-March 2009.
0 votes 5 answers Share Flag
Mon Sep 14, 2009
Ellen Lynch answered:
Hi Kelligreen, I am happy to talk with you, no obligation, as a courtesy, and see if I can help you with comps. It would be useful to get more info about specifics, ie condition and also exact dates-timeline for the comps. Comps are generally considered useful for three months,, so not sure whether you are looking for current comps within the last three months etc.. Do you need this for tax re-assessment? Do you need a form filled out? Please know I am happy to run some comps for you with more info provided, so you can get what you need. Feel free to email me at Ellenlynch@kw.com, or call: cell:510-978-9345. Good luck! ... more
0 votes 5 answers Share Flag
Wed Sep 9, 2009
Krista Miller answered:
Hi Marjorie,

A great resource for rentals is CraigsList, and I also like www.zilpy.com- it looks at neighborhood trends, demographics. rental statistics, etc.

You may not find what you are looking for, but it is a good starting point!

Good luck,
Krista
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0 votes 2 answers Share Flag
Thu Apr 9, 2009
Liz Stevens answered:
try Trulia and Zillow, and then get a market analysis from a good broker who sells in 94605 , pulling comparables from the Multiple Listing Service. This is usually a free service - it is a service given with the hope of getting the listing for your house. All the Best. ... more
0 votes 2 answers Share Flag
Fri Mar 13, 2009
Cameron Platt answered:
IMO, the best place to find houses in that range is on the Emeryville border. You'll find that opinions vary widely, but for what it's worth, I have more than a few clients -- mostly contractors, some just hardy individuals -- looking to buy in the area around Market and Mandela below Emeryville.

In my experience, Oakland is pretty reasonable when doing rehab work. It helps to know who to talk to and how to talk to them -- same as most planning departments.

If you have any questions, feel free to contact me directly.

Best,
Cameron Platt, JD, CRS
Platt Inc. Real Estate
510-708-4137
ccp[at]plattinc.com
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