1225 Mountain Blvd, Oakland CA 94611
Is Oakland the new Marin? Buyers are flocking to Oakland to purchase homes when they realize they have been priced out of Southern Marin. My lovely buyer clients have been looking to upsize, from their 3 level Mill Valley condo, for several months. We made a handful of offers but with the continued demand and historically low inventory in the under $2m market homes are selling for 5%-10% over asking and higher. We were outbid every time.
My clients and I watched home prices inch up in Mill Valley and the 3 bedroom, 2 bath home they were looking for was suddenly out of reach. So, they did what many potential home buyers do, they went East. East Bay that is! They quickly realized their dream home was not tied to one specific location and if they were flexible on which side of the bay they lived on they could get the home they wanted.
My clients found a lovely home in Montclair, just off the 13 Freeway. It’s a 4-bedroom home with a main level en suite guest room, a spacious Master and two more bedrooms on the upper split level. There is also a large dining room, formal living room and open concept Kitchen/breakfast area and family room with built ins. Their new home is over 3,000 square feet with an attached two car garage and wine closet.
Their commute to work in SF is pretty much the same as it would have been from Southern Marin but now they have BART as an option.
My clients now have a larger home than they could have purchased in Southern Marin for about 35% less per square foot.
The key to finding a home in this market isn’t just knowing what you want and narrowing down your search criteria. The more important factor is being flexible. My clients quickly realized they would rather move across the bay then compromise on size and quality of their home. By being flexible they are now the proud owners of a beautiful and spacious home in the gentle hills of Montclair.