2014 Foreclosure Filings Hit Lowest Level Since 2006, RealtyTrac Says

http://onforb.es/1E1BwJl

Willow Court Lofts :: 3% Buyers Credit Toward Closing Costs!

Beautifully Modern Oakland Lofts, starting at only $235,000!

Who’s ready for the weekend?! It’s supposed to be a great sunny one for us, a perfect day to come by Willow Court Lofts this Sunday (2-5pm) to check out these NEW PRICE REDUCTIONS + 3% Buyers Credit! The Willow Court Lofts, located at 1695 15th Street, is an 18-unit loft building located in burgeoning West Oakland.  The project, designed by Oakland loft pioneer Thomas Dolan Architecture, features a wide variety of 2-3 story floorplans built around two central courtyards.  The project was converted from an existing warehouse and no unit has a residence located above it.  These are true live/work lofts designed for creative functionality with concrete and softwood flooring, some units even feature their own roll-up doors. The Willow Court Lofts are conveniently located just .8 miles to West Oakland BART which is just one stop away from San Francisco, 1.7 miles to Jack London Square, the SF Bay Ferry Terminal and the forthcoming Jack London Market, 1.9 miles to the Bay Bridge toll booth, 2.0 miles to Oakland’s Fox Theater which recently underwent the largest historic theater renovation in the history of the United States, and just 7.0 miles to San Francisco.

OPEN SUNDAYS 2-4:30

 

For more information about these great deals or to learn more about Willow Court Lofts, please visit WestOaklandLofts.com or contact:

Andy Read, Broker
510.594.2400 x222
aread@caldecott.com

or

Jeanine Weller, Realtor®
925.200.3857
jweller@caldecott.com

Have a great weekend, everyone!

Are there any foreclosed, bank-owned, REO or potential short sale properties in the East Bay cities Lafayette, Moraga or Orinda (Lamorinda)? If so, what type of discount are they selling for?

Yes, there are distressed properties in Lafayette, Moraga and Orinda, just not many compared to other cities in Alameda and Contra Costa that were hit significantly harder by the market downturn.

From January 1, 2010 to May 7, 2010, there were 28 distressed sales in Lamorinda accounting for 17.7% of total sales in these cities.  In addition, there were another 26 sales pending as of May 7, 2010.  Of these 28 sales, 10 were short sales, and 18 were REO’s.  These properties were listed for an average of $669,949 ($306/square foot) and sold for an average of $642,402 ($295/square foot) – a 4.1% average discount on the list price.

During the same period of January 1, 2010 to May 7, 2010, there were 130 non-distressed sales (re-sales and new construction) that were listed for an average of $1,017,907 ($427/square foot) and sold for an average of $966,636 ($409/square foot) – a 5.0% discount on the list price. 

Based on this data, distressed properties are selling for an average discount of 30.7% versus non-distressed real estate sales.

For more information about this market, or to sign up for a free-list of distressed sales in Lafayette, Moraga, Orinda or other Contra Costa or Alameda County cities, please contact Andy Read, Broker, at 510.594.2400 x 222 or aread@Caldecott.com.

ARE THERE ANY BANK OWNED (REO) PROPERTIES IN BERKELEY, CA?

Yes, there are REO’s available for purchase in Berkeley.  The inventory fluctuates, but as of 1/5/2010, there are ten current REO listings:

1.  1648 Curtis Street, 3/2, 1423 sq.ft, listed at $499,900

2.  1055 Amito Drive, 4/3, 4160 sq.ft, listed at $1,025,900

3.  827 Channing Way, 3/1, 1007 sq.ft, listed at $399,900

4.  1050 Creston Road, 4/3, 2953 sq.ft, listed at $950,000

5.  1239 MLK Way, 3/1, 1211 sq.ft, listed at $634,900

6.  452 Boynton Avenue, 4/2, 2301 sq.ft, listed at $859,000

7.  1687 Thousand Oaks Blvd, 3/2, 2244 sq.ft, listed at $859,900

8.  6946 Bristol Avenue, 4/4, 4120 sq.ft, listed at $999,900

9.  3227 Boise Street, 4/1, 1129 sq.ft, listed at $309,900

10. 1243 Ashby Avenue, 4/2, 1614 sq.ft, listed at $254,000

For more details about any of these listings, or to receive free automated emails with new REO listings in Berkeley, please email Andy Read at aread@caldecott.com or call him at 510.594.2400 x 222.

WHAT BANK OWNED (REO) PROPERTIES ARE AVAILABLE IN AREAS LIKE ROCKRIDGE, ORINDA, LAFAYETTE, MORAGA, ALBANY, KENSINGTON, ELMWOOD, PIEDMONT & EMERYVILLE?

The multiple listing service (MLS) now has a designated field for a property to indicate if it is bank owned. It is possible to receive automated emails with these properties by city, zip code, Thomas Brothers’ map coordinates, etc. Please email Andy Read at aread@caldecott.com if you would like to receive these automated updates. Data for all cities in Contra Costa and Alameda County are available.