Comments on: Oakland and Emeryville Foreclosures for Sale http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html Redfin Bay Area Sweet Digs Fri, 20 Nov 2009 12:03:22 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Alison http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html/comment-page-1#comment-4458 Alison Mon, 12 May 2008 17:43:23 +0000 http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html#comment-4458 Hi Philip: here are some links regarding where Redfin gets its info, including foreclosures and FSBO's. As always, thanks for your comments. http://blog.redfin.com/blog/2008/04/all_the_homes_for_sale_well_nearly_all.html http://www.redfin.com/about/press/releases/Redfin-Adds-Foreclosure-and-For-Sale-By-Owner-Inventory/ Hi Philip:
here are some links regarding where Redfin gets its info, including foreclosures and FSBO’s. As always, thanks for your comments.

http://blog.redfin.com/blog/2008/04/all_the_homes_for_sale_well_nearly_all.html

http://www.redfin.com/about/press/releases/Redfin-Adds-Foreclosure-and-For-Sale-By-Owner-Inventory/

]]> By: Alison http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html/comment-page-1#comment-4405 Alison Wed, 07 May 2008 15:22:21 +0000 http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html#comment-4405 Hi Philip: hmmmm.... I tried the search several times (type in "Oakland" in the search listings box, then just check off condo, house and "bank-listed foreclosures") and the pop-up still says "167 results in Oakland for bank-listed foreclosures", so I'm not sure why you are getting only 48 properties.... Then, as far as getting data from the MLS: wow, 461 properties is A LOT.... I'm going to email the powers-that-be at Redfin and ask them why our search only shows 167.....Thanks for the heads up!!! Hi San Mateo and David: thanks for the comments. Unfortunately, there are a lot of homes like this in Oakland, especially East Oakland. While the market overvalued homes all over the country and especially as we know the Bay Area, I still can't get over how tear-downs, fixer's and other run-down homes were able to fetch 100's of 1000's of dollars over their prices from just 10 years ago....again, particularly apparent in East and West Oakland... Hi Philip: hmmmm…. I tried the search several times (type in “Oakland” in the search listings box, then just check off condo, house and “bank-listed foreclosures”) and the pop-up still says “167 results in Oakland for bank-listed foreclosures”, so I’m not sure why you are getting only 48 properties…. Then, as far as getting data from the MLS: wow, 461 properties is A LOT…. I’m going to email the powers-that-be at Redfin and ask them why our search only shows 167…..Thanks for the heads up!!!

Hi San Mateo and David: thanks for the comments. Unfortunately, there are a lot of homes like this in Oakland, especially East Oakland. While the market overvalued homes all over the country and especially as we know the Bay Area, I still can’t get over how tear-downs, fixer’s and other run-down homes were able to fetch 100’s of 1000’s of dollars over their prices from just 10 years ago….again, particularly apparent in East and West Oakland…

]]> By: David http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html/comment-page-1#comment-4371 David Tue, 06 May 2008 03:31:06 +0000 http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html#comment-4371 Wow. That's some massive appreciation on that oakland house. 16% in 14 years? Whew. Sub 1% annualized, compared to inflation of around 3% annualized in the same time. That's a nice real price decline. Of course part of it might be the savings you have in home payments are spent on your funeral expenses. Wow. That’s some massive appreciation on that oakland house. 16% in 14 years? Whew. Sub 1% annualized, compared to inflation of around 3% annualized in the same time. That’s a nice real price decline.

Of course part of it might be the savings you have in home payments are spent on your funeral expenses.

]]> By: San Mateo Home Sellers in Trouble http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html/comment-page-1#comment-4367 San Mateo Home Sellers in Trouble Tue, 06 May 2008 00:43:47 +0000 http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html#comment-4367 Here's one in Oakland that made me chuckle: http://www.redfin.com/CA/OAKLAND/1151-60TH-AVE-94621/home/1964793 Last sale: Feb 19, 2008 $328,255 (to a bank) Current listing: $97,500 Here’s one in Oakland that made me chuckle:

http://www.redfin.com/CA/OAKLAND/1151-60TH-AVE-94621/home/1964793

Last sale: Feb 19, 2008 $328,255 (to a bank)

Current listing: $97,500

]]> By: Philip Kaake http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html/comment-page-1#comment-4352 Philip Kaake Mon, 05 May 2008 19:02:55 +0000 http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html#comment-4352 Hi Alison: I hat to be the one always calling attention to incorrect information however I looked at this figure and knew something was wrong with it right off the bat. I do not know where redfin pulls it's information from however when I did the search as you had mentioned in your article I come up with 48 properties. I cross referenced this with the MLS (I am an agent). When I search for REO properties Detached and Condos I get 461 properties when I search for just detached I get 433 properties. A foreclosure is listed as an REO or "Real Estate Owned" in the MLS. In my latest blog I give some other definitions and information that is not so widely talked about when making offers on these types of properties. http://www.kaakeproperties.com/blogs/home.aspx Hi Alison: I hat to be the one always calling attention to incorrect information however I looked at this figure and knew something was wrong with it right off the bat. I do not know where redfin pulls it’s information from however when I did the search as you had mentioned in your article I come up with 48 properties. I cross referenced this with the MLS (I am an agent). When I search for REO properties Detached and Condos I get 461 properties when I search for just detached I get 433 properties.
A foreclosure is listed as an REO or “Real Estate Owned” in the MLS. In my latest blog I give some other definitions and information that is not so widely talked about when making offers on these types of properties.
http://www.kaakeproperties.com/blogs/home.aspx

]]> By: Alison http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html/comment-page-1#comment-4350 Alison Mon, 05 May 2008 15:15:09 +0000 http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html#comment-4350 Hi David: ok, that makes sense. Thanks for the insight! Hi David: ok, that makes sense. Thanks for the insight!

]]> By: David http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html/comment-page-1#comment-4346 David Mon, 05 May 2008 02:46:30 +0000 http://blog.redfin.com/sfbay/2008/05/oakland_and_emeryville_foreclosures_for_sale.html#comment-4346 It "sold" at auction to the lender for the loan amount, now it's REO, and the bank put it back on the market immediately. It “sold” at auction to the lender for the loan amount, now it’s REO, and the bank put it back on the market immediately.

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