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May 2024 - Greater Bay Area - Market Update

May 2024 - Greater Bay Area - Market Update



Welcome to the May edition of our newsletter!!

As spring blossoms into full swing, we celebrate our mothers on Mother's Day and our fallen heroes on Memorial Day.

Earlier this month, Proxima had the chance to participate in the California Association of Realtors (CAR) Legislative Day. Leg Day is a pivotal event where real estate professionals gather to advocate for policies that shape the industry's future. It's a day dedicated to fostering collaboration, discussing key issues, and influencing decision-makers to enact positive change. As voices from across the state unite, the event serves as a powerful platform to address legislative matters impacting real estate and homeownerhip in California.

Last week, we took part in the National Association of Realtors (NAR) Legislative Meetings bring together industry leaders, policymakers, and advocates from across the nation to address crucial issues shaping real estate. These meetings provide a platform for constructive dialogue, strategic planning, and advocacy efforts aimed at advancing the interests of homeowners nationwide. By engaging with legislators and policymakers, Proxima works tirelessly to shape policies that promote vibrant, sustainable communities and a thriving real estate market for all.

To learn more about what we do to support you, please watch this video.

Thank you!

- Tia Hunnicutt, LIC #01840070


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San Francisco Market Data

 

Listing Volume for San Francis

 

 

Oakland Market Data

 

Listing Volume for Oakland

 



Livermore Market Data

 

Listing Volume for Livermore

 

 

 

San Jose Market Data

 

 

Listing Volume for San Jose

 

 

Sacramento Market Data

 

 

Listing Volume for Sacramento

 

 

 

Featured Oakland Listing





1432 12TH ST

OAKLAND

6 bedrooms |  4 bathrooms | 1,918 sqft.

$989,000

This recently renovated, West Oakland duplex boasts a full three bedrooms and two baths in each unit. An outstanding opportunity for an owner occupant or for an investor offering spacious living quarters with a touch of old-world charm. Featuring original architectural details, ample natural light, new kitchens and bathrooms and a convenient location, this property is perfect for those seeking both character and modern comfort. Upgrades include completely rebuilt front steps, new washer/dryer, new stove, refinished tub, new shower/tub tile, new light fixtures, new kitchen countertops, new dishwasher, new shower door installed, new dehumidifiers installed with continuous drainage to outside, new exterior foundation slab waterproofing added, installation of drought tolerant patio and trees), new steel privacy door/gate, new wooden gate. EV car charger and Sewer compliant! Offering memorandum available by request.
 
Request A Private Showing
 
 

Fractional Ownership Opportunity

 

3028 Colby St Deal Highlights:

  • Cash generator with 6% CAP from day 1 with fully occupied student housing multifamily
  • Investor able to get 8% - 9% COC annually based on current rent data
  • With rent raise upside, investor able to have higher return and appreciation potential immediately without any effort of renovation
  • Contact Tia for details

 






 




Let‘s Connect

Contact Tia today to discuss all your real estate needs!