September Sales Are Brisk! The Piedmont Perspective, Vol 22
What's New?
From 10, to 21, to 25 . . . the number of listings is growing - making this year’s fall market sing. Of these properties, six list below $1,000,000, representing the typical entry-level price in Piedmont. Nine fall between $1,000,000 - $2,000,000, marking the next significant segment of sales. Eight homes fall between $2,000,000 - $3,000,000, often representing larger traditional homes in coveted locations. And the final two listings on this week’s countdown represent the high-end of Piedmont: one is just under $4,000,000 while the other is just below $8,000,000!
New to the market this week is a large, stunning home on Craig with 4+bdrms/3+bths and finished rumpus/family room downstairs. Conveniently located near Haven’s Elementary -it’s a winner.
Hitting the market this Sunday is Dana Cohen's St. James listing, featuring 4-bdrm/4 ½ bth, two master suites, exquisite chef’s kitchen - designed by Jarvis Architects - large family room, cozy library, and gorgeous grounds on a corner lot. For a sneak peek go to: www.199SaintJames.com
Nancy Lehrkind has brought an updated elegant Brown-Shingle on Dracena to the market that offers room to spare on four levels, in one of the most desirable locations in Central Piedmont - directly across from Dracena Park. If you’re seeking the quintessential home in Piedmont, this may very well be your opportunity!
And Carolyn Jones - one of my all-time favorite Berkeley agents - asks me to mention her wonderful Claremont Mediterranean listing, featuring 3bdrms/3+bths, level entry with guest/office suite, and master bedroom with view, for those of you looking to move outside of Piedmont. (It happens . . .)
Perhaps my favorite of the bunch (and there are lovely homes to choose from, no doubt about it) is Anian Tunney’s light-filled Traditional listing on Muir. This exquisite home is an open, airy, "masterpiece in the making" and if I could sell my own home in the next week, I’d happily trade into this stunner, which is only going to improve with time. With four bedrooms up, a large, level backyard, potential au pair, and surrounding homes which carry heavy-weight price points, this property, in my opinion, is a very savvy buy, especially now that the price has been reduced significantly!
What's Coming?
Brisk sales should be coming with the announcement yesterday that the Fed dropped the Fed Funds rate by 50 basis points (0.5%) - the Fed Funds rate is the rate lending institutions charge each other for overnight borrowing, which in turn, has an indirect effect on both long-term and short-term consumer loans. So don’t be surprised if jumbo 30-year fixed-rate mortgages go down today by 0.5%. Now that's news to celebrate!
I know I've mentioned this before, but if a move or a refinance are in your future, NOW, more than ever, you'll want to speak with a reputable mortgage representative. (Agents DON'T receive referral fees from professional associations so there's no personal gain when we refer you. Nor should there be!)
What's Pending?
I stated a few weeks ago that September would be a "very telling" month and in fact, activity seems to be very healthy. With all indications that interest rates will trend downward, Blair sold in just a little over a week with three offers (draw your own conclusions), Arbor sold at the first open on Sunday, Debra Dryden's Scenic listing has an offer on the table, and Linda McLains's lovely starter home on Harvard has very strong interest and should be the next to go. But the biggest indicator that Piedmont enjoys very healthy appreciation, is the news that the multi-million dollar estate on Sea View was snapped up in quick order and is in contract already!
What's Happening Now?
If this seems extraordinary, consider that these same homes in San Francisco (you know that foggy place on the other side of the Bay Bridge) would sell for more than twice as much in comparable neighborhoods that can’t boast of "Movie Night in the Park" or a small town Fourth of July Parade! (Certainly, you wouldn’t find an estate on more than two acres in San Francisco.) In fact, one property in Presidio Heights is currently advertised for $55,000,000 (yes, that’s a two 5’s before the six zeros) and has virtually no yard!
Nor would you touch these values in Marin, where average prices in upscale neighborhoods start much higher, or in neighborhoods in Palo Alto where multi-million tear-downs are the norm. (I've got a very good friend who has dedicated the last five years to this search!) Piedmont is looking awfully good to her about now.
My point is that Piedmont carries REAL VALUE when placed alongside exclusive neighborhoods such as Hillsborough, Los Altos, San Mateo Park, Ross, and Kentfield. Moreover, the East Bay offers many more options for commuting than either the North Bay or the South Bay does, and is just minutes from downtown San Francisco.
What's Fun!
It’s that time of year again when the air turns crisp, the days grow shorter, and the annual Harvest Festival takes center stage in Piedmont. For some, this means collecting the best of their garden’s bounty to display. For others, it's designing a scarecrow to be auctioned off for the schools. But for me, it’s about the magic of the day. It’s about seeing the town at its finest and most friendly. I moved to Piedmont after attending the Harvest Festival with a friend who had recently relocated from the city, and knew instantly, that I wanted my family to experience Piedmont’s warmth first-hand as well. So if you have any friends you’re hoping to recruit to Piedmont, invite them to this small-town, fun affair and see if they don't fall in love, as I did.
This year’s Harvest Festival falls on Sunday, September 30, from 11 a.m. – 3 p.m. Complete with carnival, cake walk, farmer's market, scarecrow alley and jazz music - it's community at its best. Don't miss it and don't forget your jam!
See you next week!
From 10, to 21, to 25 . . . the number of listings is growing - making this year’s fall market sing. Of these properties, six list below $1,000,000, representing the typical entry-level price in Piedmont. Nine fall between $1,000,000 - $2,000,000, marking the next significant segment of sales. Eight homes fall between $2,000,000 - $3,000,000, often representing larger traditional homes in coveted locations. And the final two listings on this week’s countdown represent the high-end of Piedmont: one is just under $4,000,000 while the other is just below $8,000,000!
New to the market this week is a large, stunning home on Craig with 4+bdrms/3+bths and finished rumpus/family room downstairs. Conveniently located near Haven’s Elementary -it’s a winner.
Hitting the market this Sunday is Dana Cohen's St. James listing, featuring 4-bdrm/4 ½ bth, two master suites, exquisite chef’s kitchen - designed by Jarvis Architects - large family room, cozy library, and gorgeous grounds on a corner lot. For a sneak peek go to: www.199SaintJames.com
Nancy Lehrkind has brought an updated elegant Brown-Shingle on Dracena to the market that offers room to spare on four levels, in one of the most desirable locations in Central Piedmont - directly across from Dracena Park. If you’re seeking the quintessential home in Piedmont, this may very well be your opportunity!
And Carolyn Jones - one of my all-time favorite Berkeley agents - asks me to mention her wonderful Claremont Mediterranean listing, featuring 3bdrms/3+bths, level entry with guest/office suite, and master bedroom with view, for those of you looking to move outside of Piedmont. (It happens . . .)
Perhaps my favorite of the bunch (and there are lovely homes to choose from, no doubt about it) is Anian Tunney’s light-filled Traditional listing on Muir. This exquisite home is an open, airy, "masterpiece in the making" and if I could sell my own home in the next week, I’d happily trade into this stunner, which is only going to improve with time. With four bedrooms up, a large, level backyard, potential au pair, and surrounding homes which carry heavy-weight price points, this property, in my opinion, is a very savvy buy, especially now that the price has been reduced significantly!
What's Coming?
Brisk sales should be coming with the announcement yesterday that the Fed dropped the Fed Funds rate by 50 basis points (0.5%) - the Fed Funds rate is the rate lending institutions charge each other for overnight borrowing, which in turn, has an indirect effect on both long-term and short-term consumer loans. So don’t be surprised if jumbo 30-year fixed-rate mortgages go down today by 0.5%. Now that's news to celebrate!
I know I've mentioned this before, but if a move or a refinance are in your future, NOW, more than ever, you'll want to speak with a reputable mortgage representative. (Agents DON'T receive referral fees from professional associations so there's no personal gain when we refer you. Nor should there be!)
What's Pending?
I stated a few weeks ago that September would be a "very telling" month and in fact, activity seems to be very healthy. With all indications that interest rates will trend downward, Blair sold in just a little over a week with three offers (draw your own conclusions), Arbor sold at the first open on Sunday, Debra Dryden's Scenic listing has an offer on the table, and Linda McLains's lovely starter home on Harvard has very strong interest and should be the next to go. But the biggest indicator that Piedmont enjoys very healthy appreciation, is the news that the multi-million dollar estate on Sea View was snapped up in quick order and is in contract already!
What's Happening Now?
If this seems extraordinary, consider that these same homes in San Francisco (you know that foggy place on the other side of the Bay Bridge) would sell for more than twice as much in comparable neighborhoods that can’t boast of "Movie Night in the Park" or a small town Fourth of July Parade! (Certainly, you wouldn’t find an estate on more than two acres in San Francisco.) In fact, one property in Presidio Heights is currently advertised for $55,000,000 (yes, that’s a two 5’s before the six zeros) and has virtually no yard!
Nor would you touch these values in Marin, where average prices in upscale neighborhoods start much higher, or in neighborhoods in Palo Alto where multi-million tear-downs are the norm. (I've got a very good friend who has dedicated the last five years to this search!) Piedmont is looking awfully good to her about now.
My point is that Piedmont carries REAL VALUE when placed alongside exclusive neighborhoods such as Hillsborough, Los Altos, San Mateo Park, Ross, and Kentfield. Moreover, the East Bay offers many more options for commuting than either the North Bay or the South Bay does, and is just minutes from downtown San Francisco.
What's Fun!
It’s that time of year again when the air turns crisp, the days grow shorter, and the annual Harvest Festival takes center stage in Piedmont. For some, this means collecting the best of their garden’s bounty to display. For others, it's designing a scarecrow to be auctioned off for the schools. But for me, it’s about the magic of the day. It’s about seeing the town at its finest and most friendly. I moved to Piedmont after attending the Harvest Festival with a friend who had recently relocated from the city, and knew instantly, that I wanted my family to experience Piedmont’s warmth first-hand as well. So if you have any friends you’re hoping to recruit to Piedmont, invite them to this small-town, fun affair and see if they don't fall in love, as I did.
This year’s Harvest Festival falls on Sunday, September 30, from 11 a.m. – 3 p.m. Complete with carnival, cake walk, farmer's market, scarecrow alley and jazz music - it's community at its best. Don't miss it and don't forget your jam!
See you next week!
posted by Julie at
12:49 PM
0 Comments
Links to this post
