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About San Leandro's Estudillo Estates

San Leandro CA Real Estate Market Report January 2011: Seller's Market

Pacita Dimacali - ePRO, SRES, CDPE, MBA Alain Pinel in Alameda County CA: Real Estate Agent in Oakland, CA

San Leandro CA Real Estate Market Report January 2011: Seller's Market

One of my favorite neighborhoods in San Leandro CA is Estudillo Estates. It’s a beautiful neighborhood of about 1200 homes. The people who live there have their own association and newsletter, dedicated to preserving the neighborhood’s charming character. Many of the homes are Tudor and Mediterranean style, developed by the same people who developed the sought-after Fernside District in Alameda CA.

San Leandro has many other nice communities....but like the rest of the country, it has its share of real estate woes. Following are charts for detached single familyhomes over a two-year period of time.

Median List and Sold Price

Since December 2009, the median list price steadily declined by 14%, and the median sold price by 25%


Sold properties

And like its neighboring cities. San Leandro also saw its share of foreclosed homes. The percent of bank-owned sales (stripes on the chart) varies from month to month, but hovers around 50% of total sales.


Months Inventory

This chart was rather surprising. December 2010 had the highest month’s inventory: 6 months. A year later, it’s back to where it was in December 2009 at less than 3 months which could be characterized as a seller’s market defined by InvestorWords.com as “A market which has more buyers than sellers. High prices result from this excess of demand over supply.”

The blue line represents average days on market.





Related January Market Reports in Alameda County, CA

San Leandro CA Real Estate Market Report January 2011: Seller's Market

Paying it Forward, How To Lead The Neighborhood Into The Holidays. A Shameless Self Promotion That Works

Antonio & Alexia Cardenas  "The Realtors In Motion" : Real Estate Agent in San Leandro, CA

Back in 2007, when our real estate market started going... nowhere. My wife and I went to a movie called Pirates of The Caribbean. As the movie ended, she turns to me and says, wouldn't it be nice if we make our house look like a Pirate Ship for Halloween? I looked at her in disbelief and started to say "...are you craz..." I changed my thought mid sentence and ended with: You know, that is a great idea, In our ballroom at home, we started building a 40' Pirate Ship.

The very first Saturday of October, we took the pieces outside and started putting it together in our front lawn, in the beautiful Estudillo Estates neighborhood in San Leandro, CA. What we discovered was that people started to come by to look at the unusual display. Working on the Pirate Ship outside our house, we started talking to more people than we were at an Open House on Sunday afternoons. We were not shy about telling them that we were Realtors, a virtual tour of the making of the the Pirate Ship was posted in our web site, we started seeing the numbers to our site go up. The increase traffic generated 2 listings and 4 buyers leads.

From then on, we have made the Holidays our best advertising campaign ever, one that pays it forward, our earth friendly, recyclables, reusable, larger-than-life sculptures in front of our house for Halloween and Christmas lead our neighborhood into the holiday celebrations, it offers the local children a place to go and by selling these pieces of art and donating the proceeds to local charities, we make the famous win-win mantra from real estate a true reality benefiting a lot of people, including our present client sellers.

Here is our 2010 Skeleton Biker, made of paper mache, chicken wire, burlap, conduit pipe and saw dust. We attracted the attention of the local media, a reporter from a major local newspaper come to interview us, we also granted interviews to a TV station, our web site registered over 32,000 hits on the month of October only. That is over a 1,000 hits per day! About a hit per minute! How much could I pay for that?

Skeleton Biker in San Leandro, CA.

The plan was to ride this wave from October until January, so we transformed our Skeleton Biker into a Santa Rider, with just a few key strokes, we are now celebrating Christmas. Santa is really coming to town! And the best part is that we receive emails from the neighbors telling us how we altered their routines, as one woman put it: "... it used to be: our house to school, school to our house, now it has changed into: Our house, to YOUR house to School, and then from School, to YOUR house, to our house."

The Santa Biker

From the advertising point of view, it has been a success story, Nothing beats having children bring their parents to OUR house. We give away colorful teddy bears to them and 2011 calendars to the adults, we hung a flier box in our fence and have an over sized postcard with a color picture of the display and greetings from us as Realtors. In the past we have built a Hearse with a Riper, and a Haunted Castle. We are already thinking about what to built next year. (All ideas are welcome)

The keys to making this advertising campaing work, comes down to: A) To have a genuine desire to help the neighborhood look festive, and B) To use all recycable materials, and to show how to built the sculpture via an educational virtual tour. The rest and best will come later. Give first... give second, and if you have done it right all those good vibes should come back to you. Happy Holidays!

Discover a Proven Method That Can Save You Money and Almost Guarantees You A Secure Retirement.

Antonio & Alexia Cardenas  "The Realtors In Motion" : Real Estate Agent in San Leandro, CA

What if a good portion of the money you pay in rent, were to be put on a place where you will get some interest and when you decide to leave that residence you get a hefty payoff? As a homeowner, that is exactly what you get. The sooner you start, the earliest you finish.

One of the most basic needs for humans is shelter, having a roof over your head is of primary importance. How do you go about dealing with that issue all your life is very critical to your financial wealth. Renting or owning the place you live in could determine a lot of things when you retire. Owning your house could make this experience one of the most profitable ones of your entire life. After all, when you retire, you might need to have a place of your very own with no mortgage payments and perhaps some income from a few rentals to help you financially. The sooner you start, the better it will be.

Real estate has always been a major part of the portfolio of any millionaire, and a huge part of the assets of a billionaire, you might not get to that level, but that tells you that holding real estate is a good thing. Let's face it, there is less and less land to build. There will always be demand for good housing, selling it or renting it most likely will be profitable.

Our tax system rewards those who take the risk of buying real estate. As a homeowner, the only deductions you get from you income taxes are those associated with mortgage payments. When you become an investor, you actually get something called "depreciation." which means that by simply owning a rental property, you get to deduct the value of the "improvements" in a straight line of 27.5 years. That along with the deductions of all the expenses incurred with running your business of landlord gives you a very big tax break.

Yes, real estate is cyclical, some times it goes up, and sometimes it goes down. But just look at the price your parents pay for their house, it is not even enough to pay the closing costs of a house today. I am sure they had their own declines in prices during their lifetime, but in the long run, they will make hundreds of thousands of dollars in profits. The tax system allows them to keep most of that money tax-free also, specially when it is their principal place of residence.

Here in my own neighborhood called Estudillo Estates in San Leandro, California where I live and work, I know of seniors who bought their places for about $30,000 to $40,000 30-35 years ago, those same properties today can be sold for $600,000 to $800,000 and they are paid for. Their retirement is a bit better simply because they invested in their home.

If you pay rent, you will never get anywhere near that type of financial bounty that homeowners get when they sale their principal residence. Your landlord and his/her heirs will be the ones enjoying the fruits of YOUR rent money.

Making an effort to invest in real estate today is as good as it will ever be. We do not know what prices will be next year, or ten years from now, but if you can pay rent, you could be paying a mortgage, which is building a nest egg for a happy retirement. Talk to a lender, or a Realtor, then get out there and get excited about the opportunities that this cycle or real estate offers you.

The new "Home Valuation Code of Condut" Relieves Appraisers of Pressure... And Put It On Everybody Else.

Antonio & Alexia Cardenas  "The Realtors In Motion" : Real Estate Agent in San Leandro, CA

The Home Valuation Code of Conduct (HVCC) Becomes effective on May 1st. 2009 and it will hurt home buyers, home sellers, real estate brokers, appraisers and lenders amongst others. Be aware, be prepared, be patient, and... don't talk to the appraiser!

The New York attorney general after concluding an investigation into Freddie Mac and Fannie Mae's appraisal practices along with several government agencies, decided to adopt new changes for appraisals in the mortgage industry. Loan brokers and lenders are no longer allowed to chose their appraiser, all relationships with them are almost illegal!

This is what the first paragraph of the newly enacted resolution says: Home Valuation Code of Conduct: No employee, director, officer, or agent of the lender, or any other third party acting as joint venture, partner, independent contractor, appraisal management company, or partner on behalf of the lender, shall influence or attempt to influence the development, reporting, result, or review of an appraisal through coercion, extortion, collusion, compensation, instruction, inducement, intimidation, bribery, or in any other manner including but not limited to:... Followed by 10 points and 11 subcategories of limitations as to what the lender can and cannot do when dealing with the appraisers. After all, appraisers were blamed for the current market conditions.

These new rules force lenders to go to a third party for their appraisals. They must now use and AMC (appraisal management company) forcing appraisers to join an unregulated AMC that will charge 50% or more of the appraisal fee for their services. It disallows the appraisers from engaging in any type of communication with mortgage brokers, Realtors, loan officers or anybody that may receive a commission upon funding of that loan. Seasoned, experience appraisers are forced to share their fees wiThu AMC's

Lenders Magic Wan

The home buyer will probably have higher costs incurred as a result of this new rules, the delays in closing escrows now will go further because of funding delays from 30 to 45 to maybe 90 days. Lenders are not prepared or familiar enough to deal with these changes. Buyers will have to pay higher fees for the lock-in rates and the extensions and if they change lenders, they will have to get another appraisal! Home sellers will not be happy either, because for them, closing early might mean the difference between a normal sale, to a short sale to even foreclosure.

For us Realtors, we need to start counseling every client about these delays right from the moment we take the listing or write the contract for the buyer. Listing agents should be well prepared to meet the appraiser, have enough comparable sales if available. When additions have been done to the property, copies of finalized permits should be handled over at the same time, and follow up with the lender to make sure the package is complete when submitted for final approval.

As we approach the November 30th 2009 deadline cut for the $8,000 tax credit to first time homebuyers , these delays will cost a lot of people a lot of money. This is one regulation we did not need at this time, but we have to deal with it. Hopefully we get better oversight and more conservative lending in the future, but until that happen, sit down and buckle up because this is going to be a white knuckle ride if you are dealing with real estate appraisals.

Antonio & Alexia Cardenas, "The Realtors In Motion" Serving the wonderful cities of San Leandro, San Lorenzo, Castro Valley, Oakland, Hayward, Pleasanton and Dublin in the Alameda County, on the East Side of the San Francisco bay. Visit us at www.ListedByAntonio.com (510) 326-4263

The Quick's & Slows of Dancing with Home Buyers

Antonio & Alexia Cardenas  "The Realtors In Motion" : Real Estate Agent in San Leandro, CA

By giving free dance lessons at their house in the middle of the week, these Realtors are looking for business to the tune of the cha-cha-cha and even tangoing with their potential home buyers.

A few minutes before 7 PM the door bell rings, a voice comes through the video monitor and shouts "I'll be right there..." as the 2 visitors wait for the door to open they are joined by another couple that just arrived, then another, and another, some with children in tow, they all have made a commitment to be there every week exactly a 7:00 PM. As the group greets each other the door opens and the sound of music can be heard, hugs and kisses greet the visitors, someone brings a case of water but most bring a pair of extra shoes. The music playing in the background and the colorful Christmas strings of lights give the ambiance a party atmosphere, even though it is a late Wednesday evening at the beginning of February 2009.

As the guests arrive, the hosts instruct everybody to start warming up and stretching, class is about to begin, about 16 couples fill the 900+ square feet ballroom inside the house. The Pergo floors, mirrored walls and surround sound system with a computerized DJ transform this house into a dance studio, this is the private ballroom at the residence of Realtors Antonio & Alexia Cardenas in the Estudillo Estates neighborhood in San Leandro, California.

After everybody has signed the register, the group gets serious about the task at hand; they are learning how to dance. In the middle of the week, after work, they know that they only have 5 free dance classes and they want to learn as much as they can. The hosts give a demonstration of what the class will be about and then begin to explain every step. "Ladies behind Alexia, gentleman behind me", calls Antonio, one-two-three... four-five-six. Soon the group gets into the class paying attention to every detail.

These instructors are very well known around town for being "The Realtors In Motion" and ballroom dance competitors, they have incorporated their love for dance with their work as Realtors. Their over 200 free ballroom dance demonstrations performed around town have given them status of Stars. In the past when asked if they gave classes, they always said no. Their business after all is and has been for the last 24 years exclusively selling real estate, dancing was simply a hobby, a serious hobby nevertheless because they are active amateur dance competitors. Dancing gets them up every day of the week at 6:30 AM to practice, half an hour of stretching and then dancing from 7 to 8:30 AM Monday through Friday. They work mostly out of their home office.

Dancing is now more important than ever before. It all started when they realized that the real estate activity during their Sunday Open Houses had come to a complete stop. Sometimes in a period of 4 hours they'll be lucky to get 2 or 3 people. The newspaper advertising, the bus benches with their names and phone number on them plus several open listings around the neighborhood with for sale signs have not made the phone ring as often as it used to. Something needed to change. Dancing had to become a vehicle to sell real estate.

This is an up-close and personal approach unlike any other, the idea of holding the home buyer in their arms for a few minutes right after they meet him/her for the first time sounded very interesting to say the least. One of the ideas they had during a brain storming session was: If people do not come to the Open Houses on Sundays, let's bring them to our home during the week and teach them the Salsa, The Cha-cha-cha, even the Tango, the Night Club 2 Step and the Waltz. The local hair salon that Antonio visits regularly was the perfect place to start. He asked his hairdresser to put together a group of friends that will make a commitment to come learn how to dance for 5 Wednesdays in a row in the privacy of his private ballroom at home. He asked her to invite some of her clients too.

In order to be as transparent as possible, the first night they met their students they explain why they were giving these free classes, they not only asked for their help in finding people who wanted to buy or sell real estate but also asked everyone what they did, and by doing that encouraged everybody in the room to do some networking during these meetings, after all "We all need each other, we are always someone else's consumer or client no matter where we go or what we do, we all need help at this time, no matter what type of business we are in" Alexia explained. Conveniently they invited a local loan officer and her husband to join in and she was prominently introduced to the group.

The dancing classes are over now, and a "Ggraduation Party" has been scheduled for the following Sunday afternoon. The group is bringing their friends and relatives (with especial invitations on those who want to buy or sell a house) along with food and drinks, they are expected to show their newly acquired dancing skills to them. Before they leave, they will be given appointment calendars (with pictures of dancers of course), teddy bears with a bow that has Antonio & Alexia's phone # on it plus a few of their business cards. This group will be invited a couple of months down the road to take yet another set of 5 different classes. But for now they must practice at home... because there is a new group of beginners that is set to start the very next Wednesday night for another 5 weeks of dancing, and they too will have their own graduation party. These Realtors plan on dancing for as long as they can to increase their network of potential clients.

There is a proviso however: You will get access to these classes every single week and with every group if you help find a home buyer for them. What's the Grand Prize? Front Row Seats for 4 people to watch Antonio & Alexia in full flight at their next ballroom Dance Competition in San Francisco. The Cardenas seem to have found a new way to dance the Real Estate tunes in these trying times.

Antonio & Alexia Cardenas, "The Realtors In Motion" can be reached at (510) 326-4263 www.ListedbyAntonio.com Serving the County of Alameda in the heart of the San Francisco bay area, especially the cities of Castro Valley, San Leandro, San Lorenzo, Hayward, Oakland, Pleasanton & Dublin