Market Trends

Market Update – May 5, 2017

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If you’re reading this blog then I’ll consider you to be in a “special access club”.  We had a great turnout for our Vanderbilt Eichler open house which converted into 6 offers.  Saving the suspense of “hey, guess what it sold for” — it went to $2.1m.  Obviously we are extremely pleased by our diligent efforts of detailed home preparation and exclusive marketing, but to me this is also a signal from the market that a well presented Eichler will draw a lot of interest.  The market is still solid and sometimes very competitive.  The Hoods Point Highlands Eichler had 5 offers, mostly coming in for that uniquely private lot and view.  But in the case of 1315 Lennox it seems the market is rejecting it since they can’t buy an offer… This weekend is the San Mateo Highlands Eichler Home Tour.  Make sure you come by to see me in person “The Eichler Guy” ha!  I’ll be hosting a wonderful Eichler at 1755 Lexington Ave, and I’ll have a few handouts you might enjoy.  This is a fantastic opportunity to meet homeowners, designers, architects, and get ideas for your next (or dream) project.  Bonus if you can tell me what are the 2 other houses on tour that we helped with some staging furniture!

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Market Trends

Market Update – January 20, 2017

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No new Eichlers on the market this week.  However, there are signs that the market is beginning a slow awakening from the winter hibernation.  Last week on the Friday tour (Mountain View, Los Altos, Palo Alto) there were 22 new listings. This week there are 29 new listings.  I believe the endless rain, Trump inauguration, and rising interest rates may be playing into another slow week.  After all, who wants to be hosting a Broker Tour or Open House in a torrential downpour?  Several very attractive tear-down lots have also come on in Palo Alto so will be very interesting to see where those go.

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About Eichler Homes Realty

Mark Easterday and team are honored to be the most-selling Eichler team in the Bay Area for 2013, and overall Eichler Homes Realty has sold nearly 100 Eichler homes! Eichler Homes Realty, founded in 1994 by Jerry Ditto who wrote the first Eichler coffee table book, continues operation today under Mark Easterday and his team.  Selected by Jerry Ditto to take over the business in 2009, Mark and team have grown www.eichlerhomes.com to become the “go to” marketplace for the Eichler real estate community, proven by the over 20,000 page views per month.  Mark visits hundreds of Eichler homes for sale, tracks sale prices for up-to-date market trends, shares comments about the condition and opportunity of each home, and invites homeowners and buyers to follow along. Mark has often used the analogy that Eichlers are now becoming similar to the “classic car”.  We talk about what “vintage” your Eichler is (50s, or 60s, or even 70s); we ask what “model” do you have, of course referring to Atrium, or Courtyard, or Gallery; we even ask who was the architect firm who designed your Eichler as if it was a collectible car maker.  Mark and wife, Sabrina, have owned their own Atrium model Eichler since 2001. “I feel like an ‘Eichler Archeologist’ by having seen the inside and outside of hundreds if not thousands of Eichlers, from the untouched original to the wildly remodeled.  I get to see and feel Joesph […]

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Testimonials

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – Kristi W., Palo Alto   We interviewed 4 real estate agents when we decided to sell our Eichler.  This house had been in our family for over 50 years.  We live in Texas, so it was important to find someone we could trust.  Mark Easterday stood out as the clear choice!  He was knowledgeable, confident, enthusiastic and very professional.    Our Eichler required a fair amount of work to get it market ready.  Mark kept in constant contact as the repairs and updates were completed, sending pictures and explaining our options.  And the results were spectacular!  Mark has a great sense of style and space and understands the uniqueness of an Eichler.    The house was immaculate and so well staged that I wanted to move in!  We had multiple offers after the first open house. We sold our house well over asking price, and escrow closed in 14 days.  Because of Mark and his team, I consider this a flawless transaction. Mark and his team can consider us lifelong clients!   – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – […]

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