Blog Posts in Category: Homes

01/10/2020

This Bay Area neighborhood had the most buying competition in 2019

This Bay Area neighborhood had the most buying competition in 2019

In 2019, half of the most competitive neighborhoods for buying a home were in the Bay Area. In a recent report from Redfin, home purchasers seeking an area for the calmest, most floral, and convenient distance to restaurants and markets, was the country's most sought after neighborhood in 2019. About 72% of homes in White Oaks, C.A. sold above asking value this year, and most were available for less than fourteen days. Redfin found the median sale price of a home in White Oaks was valued at around $1,835,000. White Oaks took the top spot in Redfin's positioning of the 20 most competitive neighborhoods, yet it has a great deal of nearby competition. Ten of the top neighborhoods are in the Bay Area and near half of those are in Oakland.
The second most competitive Bay Area housing market is the Glenview neighborhood of Oakland. Fourth overall, with more than 84% of homes selling for above the asking price. Likewise a few popular neighborhoods in Oakland like Upper Rockridge, Bushrod, and Piedmont. “I’ve heard a lot of people say the Bay Area housing market is cooling this year, but I’m seeing the opposite in Oakland,” Oakland Redfin agent Katy Polvorosa said in a statement.   more...

12/19/2019

Behind downtown Oakland's Office and Housing Boom

Behind downtown Oakland's Office and Housing Boom

Downtown Oakland’s development has been long coming, but the 2008 recession delivered a critical blow to the proposed plan. Freezing practically all development in Oakland until around 2015, as high priced rents were driving the residents and organizations out of San Francisco eastbound.
Now, a flood of relocation from San Francisco alongside nearby business development has made Oakland one of the most sizzling neighborhood economies in the nation. Extra office ventures totaling in excess of 4 million square feet, or space for 20,000 additional workers, are under development or scheduled in Downtown Oakland, which presently has around 80,000 total jobs.   more...

11/01/2019

The Rising Competition between Move-Up & First-Time Buyers

The Rising Competition between Move-Up & First-Time Buyers

A recent report from Realtor.com® confirms that lower mortgage rates have piqued the interest of more buyers this fall. However, the consistently shrinking inventory of lower-cost homes is not keeping up with the high demand of buyers.
Highlights: • In September, inventory levels were 2.5% lower than a year ago • Mid-market homes—those priced between $200,000 to $750,000, which make up the largest segment of housing inventory—showed zero percent growth in September. • “The mid-tier of housing represents nearly 60 percent of homes for sale on the market, making it a solid indicator of how tight inventory levels are in the U.S.,” says George Ratiu, senior economist for realtor.com®. • Further, homes available under $200,000—the entry-level tier--have decreased 10% over the last year. • Meanwhile, homes listed for sale over $750,000 continued to grow, in September reaching 4.7 percent over levels from a year ago. • However, realtor.com® economists note that if strong homebuying demand, fueled by lower interest rates, continues to persist into the fall, the inventory of homes in this upper-tier price range also could see declines by February of the coming year. • “While lower mortgage rates and the arrival of fall promised a reprieve, conditions continue to tighten as demand remains strong. September inventory trends, especially in the mid-market, may be the canary in the coal mine that we could be headed for even lower levels of inventory in early 2020.” • The median list price nationwide in September was $305,000, up 4.3% over last year. Nationally, homes sold at an average of 65 days in September, one day slower than a year ago. Tell us your thoughts below: • How can move-up buyers edge the first-time buyer competition? • What are some ways that first-time buyers can top move-up buyers in search of lower-cost homes? For More Information set up an appointment to speak with Darryl Glass, our lead Realtor and Broker Associate by clicking here: Darryl's Calendly   more...

10/25/2019

10 Home Decor Trends on Their Way Out This Winter

10 Home Decor Trends on Their Way Out This Winter

Home Trends can make your home feel and look new and refreshing, but they can also make your home feel outdated and uncomfortable. Some trends reach their end date while some become timeless. You might be asking yourself “How can I tell when my home needs to be renovated?” The most common method of staying up-to-date is to find blogs, influencers, and catalogs that fit the moods you want to show inside and outside of your home. You can modernize your home with small details like adding wallpaper, plants, and accents. Or you could go big and paint your rooms, order new furniture, or even add/remove the carpet. But remember, trends change like the seasons. So here is a list of 10 Home Decor Trends we’ve noticed that are losing their appeal this forthcoming Winter Season. 1. Fake Plants Implementing Plants in your home can help improve your indoor air quality. So place a few living plants in the appropriate hospitable locations of your home over several fake plants and flowers. If you’re concerned about your lack of a green thumb, here are a few suggestions that are easy to care for during winter. • In an Overly-Heated Room: Cacti and Desert Plants • In a Dry Room: Aloe or Fiddle Leaf Fig Trees • In a Dry Room: Philodendrons or Succulents • In a Low-Light Room: Chinese Evergreen, or Aglaonema • In a Drafty Room: Christmas Cactus or Jade Plants 2. Too Much Granite Granite is a popular option when choosing kitchen counters, but avoid going overboard by adding accents such as quartz or butcher block countertop for your kitchen island and workspace. 3. Industrial Everything Industrial home decor has been popular for decades; Edison bulbs, exposed brick, rusted or brushed metal accents are a few examples of this decor design. However, there is such a thing as too much industrial. If you want to go for an industrial look inside of your home, add a couple of elements such as modern pendant lights or a pegboard backsplash. 4. All Grey Everything Adding to the Industrial trend we’ve listed prior to this, all grey rooms can sometimes make a room feel dull and life-less in contrary to creating a calming and minimal environment. If it is too late to re-paint your walls or you absolutely adore your grey furniture, try adding in some vivid colored plants or wall decor that is an appropriate fit for the type room. 5. Vertical Blinds Vertical blinds can be a pain to open, close, and can become tangled easily. So most home decor enthusiasts update to mini blinds, DIY window treatments, and lightweight curtains to preserve the abundant natural sunlight in their homes. 6. Indoor Wicker Furniture Wicker furniture is typically a top choice for your balcony or porch, so keep the wicker outside. When used indoors, wicker is one of those home trends that can quickly make a home look dated. 7. Carriage hinges Carriage Hinges are most popularly found on tilt-up retractable garage doors that usually do not open like shed doors. This trend could make your home garage feel more like a barn shed as opposed to a destination for your vehicle. 8. Tuscan-Inspired Kitchens A popular kitchen design trend for just about two decades, but Tuscan kitchens are starting to lose their appeal. Instead of lots of stone and darker colors, today’s kitchens focus on brighter lighting and a crisp color palette for home trends. 9. Brass Hardware Metals may be in when it comes to accessories, but avoid shiny brass as it can make a kitchen look dated. Instead, replace cabinet hardware with brushed nickel, glass or stainless steel. 10. Bold Appliances Bold kitchen colors are on-trend, but avoid choosing bright colors for appliances. You wouldn’t put a ’70s avocado green or goldenrod refrigerator in your kitchen now, so just imagine how that bold red or seafoam green appliance will in a few years. We hope this list is helpful to your home modernization, we anticipate the various point of views about trendy home decor. Please let us know what your thoughts are in the comment section below, or tag us in your post on any social platform!   more...

10/22/2019

Essential Winter Home Maintenance Checklist

Essential Winter Home Maintenance Checklist

As the brisk winds of winter approach us, Advent Properties is here to keep you updated on how you can prepare to keep your home warm, cozy, clean and sturdy! For your safety, and to avoid damage to your property inside and out; it is best to routinely clean your microwave and oven, range hood filters, unclog sink and drain holes, replace heater filter, and check smoke alarms and fire extinguishers on a monthly basis.
Cleaning your heater system, windows, and running water to flush toilets in unused spaces should be done on a quarterly basis. However, the following home maintenance tasks done to prepare your home for the Winter season will help you stay ahead of any property damage inside and out of your home.   more...