New Listing in Montclair

 

Can I plug my newest listing?  www.1895Manzanita.com This house is perfect for the buyer who wants SPACE, 3409 square feet of space.  There is also Golden Gate, Bay Bridge and South Bay views from almost every room.  The rooms do say, "I was built in the 1970's"  but the lay-out is supreme.  Some TLC is needed, but this house is totally move-in ready!  Oh, did I tell you the price? $699,000!

Thanks for reading!  - Deidre

1895 Manzanita
1895 Manzanita

How is the Economy? Let's Check In,

Senior Mortgage Consultant and Branch Owner of RPM Mortgage in Berkeley, Chet Gohd's market update:

We saw some encouraging news this morning with the Fed's Beige Book report, its somewhat of a glass half-full scenario with a hole in the bottom of the glass ..First the CNN report, then the Chet update;

The economy has shown signs of stabilizing or modestly improving in recent weeks, according to the latest Federal Reserve snapshot of regional economic conditions. "Reports of gains in economic activity generally outnumber declines," the Fed said Wednesday in the latest edition of its Beige Book. "But virtually every reference to improvement was qualified as either small or scattered." The Beige Book, published 8 times a year, is a summary of economic conditions in the central bank's 12 districts. It precedes, by about two weeks, the central bank's scheduled policy meeting at which interest rate movement is discussed. The housing market and manufacturing activity, which have been improving since the summer, were two bright spots in the October report. However, commercial real estate remains a concern, with all 12 districts reporting weak or deteriorating conditions in that sector. (end of story).  For example, the section at Home Depot where they sell "For Lease" signs is sold out and on back order!

It's often challenging to see much improvement on a day-to-day basis. It's easier and usually more reliable to use the data coming from various metropolitan areas throughout the country where the measurements can be weighed and scaled. We are in a complicated situation here..The Fed realizes that they see improvements but they are very small and thus we are vulnerable to falling backward( as opposed to falling forward). For this reason, they are not looking to pull the stimulus infusions back just yet but also may no longer be exploring new forms of stimulation as any program needing governmental approval has to compete with the healthcare debate, a war against terrorism and a midterm election next year.

Oh Julia!

JuliasKitchen

This past weekend I went to see Julie & Julia at the movie theater and I immediately came home and googled Julia Child.  Why didn't I know more about her?  I went to Culinary School for Pete's sake, I should have a library of her PBS television shows on my bookcase.  My father watched a great deal of Saturday morning cooking, so I definitely remember her voice in the background of my life.  The movie portrays Julia as a devoted wife who enjoys great food, great wine and butter.  The photo above is Julia's Cambridge kitchen in 2001 after it was dismantled and put on display in the Smithsonian National Museum of American History. (Everything is from Julia's kitchen except the walls and floors.)

Why am I bringing up Julia Child, her movie and life on my real estate and style blog?  Because I  love her kitchen!  Maybe it is because many great meals were prepared here, but also there is something homey about Kitchen-Aid mixers on the counters and a vast variety of pots and pans hanging on a peg-board.  Often the kitchens that we drool over in magazines have sparse counters with bowls of lemons.  The kitchens are fantastic, but they do not look lived in.  I tried to find out when this kitchen was last remodeled, as I believe Julia hosted 3 different television series in this kitchen, but I had no luck.  The green shaker style cabinetry is classic and warm, the large farm style table in the middle of the room is perfect for family gatherings or the ideal place to sit and chop.  I never would have thought to hang framed artwork on my cabinet doors, but it all works.  The wall oven is a bit big for the cabinet it holds, (making me believe that oven was a newer addition, but the photos of Julia Child's kitchen by Pedro E. Guerrero from 1962 look quite modern.)   If  any of you know more about the Julia and her kitchen remodels leave a comment!

(Click on the two links above to view cool links.)

Oakland-Berkeley Real Estate at a Glance

At Red Oak Realty, the real estate brokerage I hang my license, most of our agents were busy this summer!  At almost every weekly meeting  we would discuss the market and talk about the multiple offers that were taking place.  Red Oak has about 80 full-time Realtors and does a great deal of the Bay Area production.  A few weeks back my office opened 89 escrows within one week!  Last week, Red Oak Realtors were both the winning offer and the back-up offer for two properties for sale in Oakland.  I love working at an active office, the energy keeps me competitive and I am able to hear many tales of the East Bay real estate underworld. Attached is a chart of the Oakland-Berkeley market from mid-summer, (July 2009 in select zip codes)   To obtain current real estate data from a select neighborhood, email me, deidre@redoakrealty.com.

July2009BerkeleyOakland