OAK NOTES from Grace Bishop
Apr 2019


 
SHHHHH - KEEP THESE RICHMOND TREASURES TO YOURSELF
Richmond is one of the East Bay’s best kept secrets. With coastal living, relatively low priced homes with beautiful views, and now the new Richmond Ferry service to San Francisco, what’s not to love?
 
A surprisingly few number of East Bay residents know about the great destinations in Richmond like the Anaviv’s Table, a pop-up “Italia Sensory Experience,” the historic Hotel Mac, Kaleidoscope Coffee and Assemble. Point Isabel is a great place to walk your dog, Golden State Model Railroad Museum, the Richmond Plunge (which has a great history all its own) and its overall wonderful proximity to Marin, Napa and San Francisco. 
 
What once housed shipyards is now Marina Bay, a growing community surrounding the Richmond Marina. With multiple parks along the Marina Bay Trail, the area has become home to outdoor enthusiasts and boaters alike. The shoreline also welcomes the Meeker Tidal Creek and salt marsh, one of the most productive ecosystems in the world. You might see grey foxes, barn owls and tree frogs among other creatures. 
 
Point Richmond is the oldest neighborhood in Richmond, a waterfront outcropping full of charm, independently owned businesses and incredible bay views. Many of the homesare historic Victorians, some restored to their original grandeur.
 
Richmond Annex offers tree-lined streets and Richmond North & East (Central) is filled with parks, retail centers and homes.
 
And growth is coming: Over 12,000 residential units are in various states of development in Richmond, most along Point Molate and designed to take advantage of great views and the new ferry. Learn more about these developments in Red Oak’s interactive map here.
 
The highly anticipated Richmond Ferry service finally took to the bay this year, and has become a popular commuting option for those living in and around the Richmond area. At the moment there are four scheduled commute rides each morning and afternoon for the 35-minute ride. It certainly beats sitting in traffic.
 
What’s your secret Richmond treasure? Let’s share if you promise not to tell. 


RECENT TRANSACTIONS

MARKET UPDATE: MARCH


 
In March 2019, the East Bay real estate market extended the trends we’ve seen for the past few years: When compared to the same period one year prior, fewer properties changed hands as transactions declined 5.4%. Furthermore, prices continued to increase (albeit at a slower pace), up 4.0% to a median of $925,000. 
 
One of the most notable differences from previous months is the fact that properties are selling closer to asking: 8.5% over list compared to 12.9% one year prior. This trend started in the fall of last year and we expect it to continue for the foreseeable future. We believe that this factor is being driven by sellers pricing their properties closer to what they expect. For some properties there is less buyer competition than in prior years - particularly among the homes that sell below $500K or above $3M - but we’re still seeing double digit offers for properties in the mid-$1M range. 
 
Want to know how this affects you? Please reach out!


REEM'S
 
RESTAURANT SPOTLIGHT: REEM'S
Upon viewing the Andrew Zimmern List show on the Travel Channel Network, https://www.travelchannel.com/shows/the-zimmern-list/episodes/oakland there was an episode dedicated to the food of Oakland. Surprised to find a few new places, one establishment was called Reem's, dishing out fresh Middle Eastern food. Close to Fruitvale BART, the packed casual dining room is easily found. If you are a falafel fan, then this is the place for you! Simply the best falafel ever, hands down. It was light, airy, fluffy and flavorful. The Fattoush salad was crunchy and tasted as if the vegetables were just picked right out of the garden. If you’re a meat eater, the lamb burger was decadent, juicy, delicious and not too gamey. This community of Oakland has destination dining spots showcasing the flavors of our vibrant community. It’s a must visit!
 
Reem's is located at 3301 East 12th Street, Suite 133, in Oakland. Open Tuesday-Friday, 11:00am-9:00pm, Saturday and Sunday, 10:00am-3:00pm. Closed Mondays.


STEPHEN LOEWINSOHN
 
CALENDAR SPOTLIGHT: THE OAKLAND CASTING CLUB
The Oakland Casting Club was established in 1941 as a non-profit organization dedicated to fishing and the art of casting various types of fishing tackle. Both for fun and recreation as well as tournament competition, the mission of the club is to help people cast better, understand their tackle more intelligently and overall, catch more fish and have fun doing it. Members currently include a number of both National and World Champions. 
 
The Oakland Casting Club’s Leona Casting Pools are one of 12 images featured in Red Oak Realty’s 2019 "The East Bay From Above” calendar. Watch for more about each month’s aerial photograph throughout the year. Call or email for a complimentary copy of the 2019 calendar.


Grace Bishop
Realtor | #01245471
510.872.4512