Show Me The Money
July 5, 2010 by Dana · Leave a Comment
Sometimes art imitates life so closely that it describes a real world situation better than words. If I were to describe our current local residential real estate market, I would use the famous “Show Me the Money” scene from the movie Jerry McGuire. For those of you who are avid football fans like me, it [...]
Dwindling Supply, Increasing Demand
April 8, 2010 by Dana · Leave a Comment
In my last report to you, I predicted that the spring market would be active with signs of increasing demand and firming prices. The early data suggests that this is happening. In fact, 59% of The Grubb Company’s transactions during the first quarter involved multiple offers, an excellent sign that demand is coming [...]
The Year Ahead
February 16, 2010 by Dana · Leave a Comment
At this time of year, I’m often asked what the future brings for real estate in our local residential market*. As with any prediction, I’m wrong as often as I’m right. Last year at this time, I predicted a turnaround during the spring quarter. However, tight financing and sellers hesitant to lower [...]
Signs of Life
October 7, 2009 by Dana · Leave a Comment
Sometimes you know what the answer is before you do the research. When you’ve been in a business for a long time, you begin to get a feel for the subtle shift in activity that impacts your results. Residential real estate is no different. In the months following the near collapse of the financial system [...]
Valuation is Property Specific
July 6, 2009 by Dana · Leave a Comment
Last quarter I wrote to you about the decline in sales volume in our local real estate market (detached homes over $450,000 in Albany, El Cerrito, Kensington, the hill areas of Berkeley and Oakland and Piedmont), in part due to the gap between the seller’s list price and the price buyers are willing to pay. This [...]
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