Tuesday, April 10, 2007

The Piedmont Perspective, Volume 2

What's New?
Five new properties hit the market this week in Piedmont. 50 Woodland Way is a contemporary 3 bdrm/3bth Mid-Century, 46 Monticello is an updated 1908 Craftsman featuring 2 bedrms/2bths, 129 Ronada is a classical Traditional with 2+ bdrms/2bths, 104 Olive is a Traditional with 3 bdrms/2bths and my favorite of the week is: 575 Crofton - an enchanting 2bdrm/1bth Mediterranean with a charming level yard - great for the first-time buyer and close to Wildwood School.

What's Coming?
Several properties are still lining up to take advantage of the spring market. A little bit off the beaten path, but perhaps this week's best value is 1177 Harvard Road at the edge of Piedmont - a stately 4+ bdrm/ 3bth home, near Lakeshore and coffee! It's well worth seeing. Also drive by the 4 bdrm/3bth Tudor at 68 Sharon for central Piedmont ease. If you are considering placing your home on the market, now's a great time to take advantage of pent-up buyer demand. One caveat - price your home to sell! If your home hasn't received an offer in the first two weeks, you may be overpriced.

What's Pending?
It's been an incredibly active week in Piedmont. While average "days on market" is holding steady at 14 days, four properties went pending in less than 10 days! 42 Craig, 24 Piedmont Court, 124 Moraga, and 1530 Oakland Avenue, all received multiple offers and all sold over asking. 1135 Ranleigh sold in 7 days and 46 La Salle Avenue jumped on and off the market in 8! What's the moral of this story? Be prepared to act when you see the property you want and make sure your funding is set. If you'll need an equity line on your current residence to enable you to purchase your next home, put that in place before you shop.

What's Sold?
This hasn't sold - yet, but should have. 14 Caperton has been reduced to $2,775,000 and is well worth it. Even if you love the quintessential brown shingle home, for which Piedmont is so well known, you need to take another look at this cool contemporary with great flow and ease of living. Having lived in several older homes, there's something very appealing about a property that offers every amenity and is virtually maintenance free. . . I love this house.

What's Fun!
Like the birds of Capistrano, the teens of Piedmont are off in Tiajuana, Mexico to build homes for the needy. Over the course of the next week, 250 kids will pour concrete foundations, build supporting walls, and lay roofs, with the goal of completing sixteen new dwellings. This yearly trek is sponsored by the Piedmont Community Church and by the participating families. And while this annual teenage "rite of passage" builds character and appreciation, it is also fun working together and achieving real results. Thanks to the church and to the parents who bravely chaperone these teens year after year!

Enjoy spring break and see you next week!

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