Almost Spring and a favorite client story

Greetings to almost Spring! March 2024

With the California poppies popping up all around, the Bay Area is in bloom, and in between rain clouds, I hope you are starting to enjoy some outdoor walks in the sun. At our home, we are gearing up for some mountain bike rides, trying to avoid the many muddy puddles 🙂

For this month, in addition to our housing market update, I’m sprinkling in a new small business shout-out to support some hot new restaurants during Oakland’s restaurant week (March 14-24) that we will try soon! If you’ve been, I’d love your feedback!

Why our housing shortage will be around to stay

In 2023, the U.S. saw 1.67 million household formations, resulting in 17.2 million household formations between 2012 and 2023. In this period, 14.7 million housing units were started, and 13.4 million were completed. The gap between single-family home constructions and household formations grew to 7.2 million homes between 2012 and 2023. This structural supply/demand shortfall in our country is not a short-term problem, and the solution is not short-term either. As a result, demand for quality housing, especially here in the Bay Area will continue to be high, and that’s why there’s no end in sight for climbing home prices. (NY POST)

 


 

Sharing a favorite client story…


 

Why You Want an Agent’s Advice for Your Move

No matter how you slice it, buying or selling a home is a big decision. And when you’re going through any change in your life and you need some guidance, what do you do? You get advice from people who know what they’re talking about.

Moving is no exception. You need insights from the pros to help you feel confident in your decision. Freddie Mac explains it like this:

“As you set out to find the right home for your family, be sure to select experienced, trusted professionals who will help you make informed decisions and avoid pitfalls.”

An agent will draw on their experience, industry knowledge, and market data to support you. We know the pricing trends, the ins and outs of the home buying and selling processes, and most importantly how to navigate the risks with you. With that expertise, a real estate advisor can anticipate what could happen next and work with you to put together a solid plan. Then, we’ll guide you through the process, helping you make decisions along the way. And that’s the power of working with a real estate advisor.

Thanks to KCM for the blog article
Home prices across the Bay Area right now
This month, we launch into the Spring selling market – traditionally the busiest time for residential real estate. With inventory still low, it’s a seller’s opportunity. Home buyers should not be shy, higher rates continue to sideline many homebuyers, so get in on this market while it lasts. Once the Fed drops rates in the Summer, prices will climb faster than they are now.

San Francisco County

Santa Clara County

Alameda County

Contra Costa County


 

On the culinary front…

Sushi Salon began as an East Bay pop-up from chef Joji Nonaka and Anna Osawa, both formerly of Utzutzu, but now the duo have landed in their own space in Oakland. I love their mission: “Our mission is to express gratitude and respect for the rich history of our oceans and lands. We are dedicated to crafting sushi with an environmentally conscious approach, honoring our commitment to sustainability”

Expect the same high-quality sushi the team became known for through its pop-ups, but now in a private eight-seat restaurant. Diners will feast on a multi-course omakase menu highlighting fish from acclaimed fish concierge Hasegawa Hiroki, with Sushi Salon as the only place in the U.S. serving it.

Pippal is the latest to join Emeryville’s Bay Street’s selection of restaurants, which saw an overhaul this year and plenty of new additions to the outdoor mall. Hailing from the team behind San Francisco’s Rooh, the new Pippal is meant to be a place where diners can discover more of India’s food scene. The menu will rotate seasonally, but highlights include Dungeness crab masala and litti chokha, a ball of lentils slow-cooked in a tandoor and served with eggplant bharta. Don’t ignore the refreshing cocktail menu, which features info on monuments throughout India, of which many of the drinks are named after.

Thinking of buying or selling?

Book a strategy consult with me, and we can help you get your plans into motion!

To stay up to date with the housing market Click Here to Join!

Talk with you soon,

Mareijke
cell: 510.330.2478

 

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