Katie Pratt

#JustListed in Piedmont Ave Neighborhood Top level CORNER Unit on serene street close to shops, bars, and public transportation. $699,000.

CoBuy If you can make this one, there will be another.....BUT, starting soon (2 PM PST - 3 PM PST):

#Nosurpriseshere. Looks like all Bay Area cities were lumped into two categories: San Jose and San Francisco. This data is NOT based on average # of offers received per property or average days on market.

Check out Oakland's market data for single family homes over the past decade +. If the Q1 trend for inventory sold continues, there will be fewer single family homes on the market in 2021 than in the past 10 years.

Can you buy a home with a friend, a distant relative, a colleague? Why yes! Co-buy streamlines the process for you. Sign up for the webinar for April 2nd 2-3 PM PST to learn more here: https://us02web.zoom.us//3816159/WN_BXztLMKPSRSneUbaYtYQuA

The current inventory crisis has been driven by: 1) Historically low interest rates 2) The "land grab" from the last recession, interest rates on those purchases, cash flow opportunities as rentals and AirBnBs. (Bought then, selling never) ... 3) Under building since the last recession. Builders were BURNED after the 2008 crash, were treading lightly, then the cost of labor AND construction materials skyrocketed.....building materials have significantly increased in price in the last year alone. 4) Demographics - millennials are the largest generation and finally in a position to buy (well, not really... because there is no inventory). Boomers have enjoyed inexpensive mortgages AND taxes (if you live in California) for decades. Is prop 19 enabling staying in place or actually motivating boomers to move? 5) Homeowner-focused policies have kept folks who would otherwise sell because of financial pressures from doing so.

What do buyers want in today's market (nationally, though some info catered to Pacific markets): 1) Outdoor space and a firepit! + privacy 2) Kitchens with islands and pantries + smart appliances ... 3) Bathrooms with a double-sink, upscale shower head or greater storage, such as a linen closet with shelves. Realtor Magazine