Housing

Real estate on my street in East Bay

Amazon Heheheueh
Nov 25

Gotta be honest, I always watch the market in the neighborhood and the slowdown has been disappointing, as an owner. I had to beat an all cash offer when buying my home this year.

Past two months we're also seeing more price drops and homes being priced to sell.

This past 2 weeks seems more houses than usual were sold each day, e.g. 2 SFHs on my street went pending in 8 and 11 days respectively! One SFH was completely renovated and the other one was old but well maintained. Before it usually took 2 weeks+ to go pending. Found out my realtor helped make a 10% above list bid for one of his other clients and it failed (about 50% cash offer). Note that my market isn't as crazy as you South Bay/Palo Alto/Sunnyvale/San Mateo peeps, so I like these numbers. A few ppl might be biting the less competitive environment.

Don't know what the point of this post is except maybe providing a micro perspective in the East Bay.

*crosses fingers that my area remains stable through this slowdown*

For privacy reasons, I live in one of these cities in one of the "mid-tier" neighborhoods: [Hayward, San Leandro, San Lorenzo, Ashland, Oakland] Demographics in my neighborhood are like mostly asian and caucasian

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  • Adobe aplyrpb
    Housing market activity has started picking up again since last couple of weeks. It is hard to time the market right esp in bay area. Interest rates are still at historically low levels which is why it still makes sense to buy a house now.
    Nov 252
    • Amazon Heheheueh
      OP
      Where are you seeing the activity? Would like to take a look at it as well
      Nov 25
    • Adobe aplyrpb
      My lending agent told me that. He was also the first one to tell me when market started slowing down in May/June this year.
      Nov 26
  • Dropbox drl/food
    Similar area and noticing the same, it's like everything else is so expensive that we've become the target market.
    Nov 250
  • LinkedIn / MgmtRebardo
    Isn’t winter always slower for real estate? I think what you’re describing is just the usual annual seasonality.
    Nov 252
    • Apple ijyA68
      The Federal Reserve is raising interest rates, which will lower stock market and real estate prices.
      Nov 25
    • Amazon / ProductPuffalope
      @Rebardo there is a housing slow down in most places right now. Lots of news articles about this and projections that things will continue this way at least into next summer.
      Nov 25
  • Salesforce pmyz88
    Yeah Eastbay is much better value but commute can be a b....
    Nov 252
    • Airbnb jim.hodlen
      taking the transbay bus wouldn’t be too bad for you assuming you work in SF?
      Nov 25
    • Amazon Heheheueh
      OP
      40 min commute for me, 25 min bart ride
      Nov 25
  • Fremont is the only decent city in East Bay worth living if you work in the valley or use BART.

    Even in Fremont area code 94539 is the best neighborhood with great schools and mountains.
    Nov 251
    • Coinbase BgQO62
      should also check out Walnut Creek too! further from the south but excellent access to SF
      Nov 25
  • Medallia hFEH36
    Real estate will go thru cycles so what were you expecting? Constant growth?
    Nov 250
  • VMware BobbleHat
    Maybe there are people who want a new home in time for Christmases family gathering. This is as late as you can go and still make it.
    Nov 250
  • Dropbox drl/food
    Anywhere in the BA the commute is terrible. Take BART, it works most of the time. Usually.
    Nov 250

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