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Bay Area Real Estate- No Bubble Burst (Georgian Bay Cottage Real Estate)
2007-12-29 10:45:00 (Georgian Bay Cottage Real Estate) Oakland California real estate shot through the roof during the period from 2001 to 2005, with appreciation reaching 120% in some areas. Homes were routinely selling for 60-100k over asking price and more! It was not uncommon for a desirable property to fetch 30-40 offers. I remember one home in the Oakland Hills went for over 300k over asking price!However that type of market by nature is not sustainable, and the current market is proof of that. Starting in early 05', us Realtors started seeing a noticeable slowdown in activity, which has continued to this day. The ironic thing is, prices are still high. They have taken a slight dip(approximately six percent) in the last year, but our median price is still around 500k. There is much more opportunity for buyers right now, because there are plenty of homes on the market which means buyers have more choices and more negotiating power.Sellers have had to come to the realization that they can't jus...
Priced Out Of Bay Area Real Estate? Here?s How To Share The Costs, The Ris
2007-07-22 20:16:00 With starter homes in some parts of the Bay Area over $1M, even well-educated high-earning, dual-income couples are having a hard time getting in, especially with interest rates creeping up. Enter a long-existing but obscure concept called “equity sharing” and a new online service called — appropriately enough — HomeEquityShare.com. The idea is simple: match prospective ...
Bay Area Real Estate Continues To Jump Around. More News At 11
0000-00-00 00:00:00 The Bay Area Real Estate Market is still showing signs of volatility affecting consumer confidence This is truly a very interesting area with several niche communities doing completely different things
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