31 July 2009
As of June 2009, the number of active homes on the market in San Leandro totaled 125 - a 63.9% decline over June 2008 when inventory reached 346. But even that seemingly high number of active homes was below the levels in the early 1990's when nearly 500 homes were active at any given time. (See, it's not really all that bad out there!) The number of pending sales held relatively steady at 74 in June 2009 versus 82 in June 2008 - a marginal 9.8% increase. Combined with the decrease in active properties on the market, this is a good indicator of a stabilizing market. The supply has decreased from 4.5 months of inventory in June 2008 to just 1.4 months in June 2009. The average price has dropped 16.2%, from $419,837 in June 2008 to $351,745 in June 2009.
Do you have an area in your home that you can't seem to figure out what to do with? Don't let it turn into unused space.
If it's a large space, divide it up into smaller "rooms" with each "room" serving a purpose. For example, carve out a library or reading nook, set up a home office in a corner, put together a space for crafts, or even create a small yoga or art studio.
If the room is small, be sure to use furnishings that fit the space. Forget about the overstuffed sofa if only a chair or two will fit. Use round furnishings in hard corners or place plants strategically. To give the illusion of space, use glass tops for tables. Also, curtains that run floor to ceiling create height and flow in small spaces.
Other considerations: paint an "odd" wall a different color, and use it to showcase art or photos; in unusual shaped or sized rooms, an area rug in the center will help draw the eye to the middle of the room, taking the focus off the shape or size of the room.
If you have any questions about what you just read, feel free to email us at Since1923@Deadrich.com.
29 July 2009
The Agency bought the former Albertsons site for $6,175,000. The 1.7 acres site will be used for temporary parking while they construct the new downtown parking garage. The long term goal for the site is to develop it into mixed-use with retail on the bottom along E. 14th Street and housing above, which complements the City's Trasit Oriented Development Strategy.
Demolition will be complete is July, after which the City will take ownership of the site. The design and specs for the site were presented to the City Council on July 20.
Questions? Want more? Email us at Since1923@deadrich.com