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Diane Verducci

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Lovely Traditional Home in Oakland's Rockridge Neighborhood

03-10-09
Diane Verducci
5925 Ocean View Drive, Oakland
Offered at: $930,000

SALE PENDING

Continue your search for more homes in Oakland's Rockridge neighborhood or all of the East Bay Area.

This is a lovely traditional home in the Rockridge (known for the best commute to San Francisco and points beyond). When you first enter this home, you will notice the light from the large windows in the living room and dining room, French doors from one to another plus the fireplaces with interesting mantels in each room. Other architectural detailing include the arched ceilings and the sitting room off the master bedroom. This home has a very versatile floor plan; use the lower area as a master bedroom suite with access to the garden OR by incorporating the lower kitchen area you would have a wonderful au pair. There are views of SF and the bay from the deck and bedroom. The level garden with green lawn, fruit trees and patio area are terrific for relaxing in the privacy of your own garden.
Visit www.DianeVerducci.com for more information and PHOTO TOUR
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Berkeley Real Estate Market Stats

03-13-08
Diane Verducci

Zillow has just published a report on the home values for Berkeley- Their headline: Zillow Buzz: Berkeley home values increased by 5 percent. Check it out. Keep in mind this company has some serious legal problems for undervaluing property in some locations. In reading through this report, it is published by zip code and I question the accuracy. Past clients have used Zillow as a benchmark for pricing, only to be defeated when submitting an offer; others have used this site for evaluating their property when listing, only to find Zillow greatly undervalued the property.

Let's move on….
Our Berkeley market is strong. We don't have many short sales or foreclosures and there are price ranges that are definitely more active than some.

Here are some statistics:
Berkeley, since January 1, 2008,
Price range over $500,000: There have been 10 sales closed, 21 are pending and there are 50 active listings on the market. And get this - of those 50 active listings, 24 are over $1,000,000. So many of my clients are in the $700,000 price range - we definitely need the federal stimulus package to kick in soon. That will allow loans to be at a better interest rate and financing in general more affordable.

I would be happy to talk to you about this if you want more information.

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