BLUEPRINT | EAST BAY Newsletter

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BLUEPRINT

Hot Spots

It’s been awhile since we’ve touched on some of our favorite new places to eat, drink and hang out. Here is a look at some of the newest and best spots we’ve visited over the summer.

HOPSCOTCH CHICKEN

Known for its three-day buttermilk marinade and impossibly crispy texture, Hopscotch’s fried chicken has long been an East Bay favorite. Now offered in an easy order-at-thecounter format at the Epicurious Garden Food Hall, the menu includes combo trays, salads, sandwiches, saucy wings, and slowroasted Springer Farms rotisserie chicken— don’t miss the potatoes cooked in their savory drippings. Open 7 days a week 11-8PM. 1511 Shattuck Ave, Berkeley

THE KNOT CLUB

Richmond has a new waterfront hangout in addition to the Sailing Goat: The Knot Club. This reimagined bar at Point San Pablo Harbor has a very eclectic décor, vintage records, board games, and small bites in addition to wine, beer, cider, and non alcoholic options. Unwind on the cozy back deck by the fire pit while taking in unreal sunset views across the bay. With its art-filled surroundings (think a glowing 40-foot crocodile and a towering honeybee), it’s the perfect mix of laid-back charm and local flavor. For now they are only open Fridays from 5-10PM and live music is part of the ongoing “Live on the Waterfront” series. 1900 Stenmark Dr, Richmond

SWEET POTATOE’S UPBEET CAFE

Across from El Cerrito Plaza, this uber comfortable cafe pours playful signature drinks (honey-jasmine lattes topped with bee pollen, ube lattes dusted with rose petals, and cinnamon-kissed mochas) alongside smoothies, avocado toast, and many more light breakfast bites. Perfect for a quick pickme-up before errands or a relaxed catch-up with friends.6401 Fairmount Ave. , El Cerrito

List Price: $1,875,000

Sale Price: $3,178,000

How & Why A Home Sells For $1M Over List Price

The epicenter of the “list incredibly low, sell high” playbook is without a doubt, Berkeley and it dissipates outward from there throughout the Inner East Bay. It’s the defining characteristics that makes this market one of the most unique in the country.

A little more than decade ago, statistics showed double-digit overbids (about 13% above asking in 2013) followed by several years when typical sales in Berkeley and parts of Oakland cleared the list price by notable margins. Today, turnkey homes in high demand areas such as North/Central Berkeley & Albany have sale prices that can average 50% or higher above the list price.

The conditions that forged this approach back then still exist today: chronic scarcity, abundant demand, and a calendar-driven auction moment (a pre determined offer date) that channels many buyers into one decision window. As challenging and mystifying as this practice can seem it is undeniably effective. It attracts attention, brings multiple offers and produces strong results for the seller.

Well executed, underpricing isn’t just a parlor trick; it’s market design. An eye catching list price, a complete disclosure package (this is key), and a clear deadline create a temporary “auction” style dynamic for potential buyers. In the right micro-market turnkey homes, A- tier locations, a deep bench of prepared buyers/ competition can pull the closing price up to (and often past) fair market value. We see it time and time again when we track the data. (Continued)

WE HAVE OUR GREEN DESIGNATION—WHAT DOES THAT MEAN?

After spending a few long, hot days at a strip mall in San Rafael, we are proud to share that our team is officially Green Designated by the National Association of REALTORS®.

So what exactly is the Green Designation you ask?

The program is certified advanced training on energy-smart homes and sustainability in real estate. It focuses mostly on the resale market (roughly 90% of U.S. housing), equipping us with objective, businessoriented skills to help clients buy and sell high-performance homes and not just talk “green.” Here are some of the highlights:

• Building science fundamentals: highperformance envelopes (air/water sealing, insulation, ventilation), advanced framing, and why tight envelopes + proper ventilation drive comfort and efficiency.

• Indoor air quality (IAQ) & health: common IAQ issues (off-gassing, lead paint, asbestos, mold), basic diagnostics, and remediation approaches; plus practical IAQ awareness for real estate.

• Renewables & incentives: rooftop solar trends and sizing basics, battery storage along with policy literacy (e.g., 30% Residential Clean Energy Tax Credit and state/utility rebates).

• Valuation & data standards: documenting features with MLS “green” fields and standardized terminology (RESO), tackling comps for high-performance homes, and linking listings to utility data to reflect

Green designees receive ongoing education, tools and a public directory listing which can benefit past and future clients seeking expertise. Shocking to us is that less than 1% of REALTORS® have undergone the designation!

To our group this is really more about professional stewardship than anything: staying current on laws, incentives, documentation standards, and language. As California and local municipalities adapt new regulations and as the market responds, we want to be confident that we are ahead of the curve.

(Continued fom page 1)

While the utter shock of seeing a home sell for $1M above the list price, deservedly, gets lots of attention, the ‘list low’ approach isn’t one- size-fits -all. The same tactic that sings in Thousand Oaks can fall flat two neighborhoods away if the product, timing, or buyer depth isn’t there. In fact, just two weeks ago there were two homes about 1/2 a mile from each other and both in a desirable part of Berkeley that took two completely different approaches.

List Price: $2,595,000

Sale Price: $3,525,000

+$930,000

4BR | 4.5 BA | 3,358 SQ FT Ashby Ave (busy street)

List Price: $2,200,000

Sale Price: $2,150,000

-$50,000

3BR | 2.5 BA | 2,048 SQ FT Tunnel Ave (busy street)

The Inner East Bay does have a parallel approach: transparent pricing listing near the seller’s true target. It’s not as common but it does happen from time to time. It emerged to reduce confusion and stigma from ultra-low list prices in segments where demand may be thinner, disclosures raise questions, or the goal is speed and clarity over spectacle. Choosing between a low list price with an offer date and an at-value list price is a situational decision for sellers and their agents and an incredibly important one.

Fresh data for the Inner East Bay underscores how unforgiving the launch window for a home is. In a twelve month sample of roughly 14,000 sales across Alameda and Contra Costa Counties (through July 2025), homes that never reduced price closed, on average, about 4.5% over their original list price. Homes that required a reduction ultimately sold around 7% below their original list price and took nearly six weeks longer(!) to secure an accepted offer which is about 58 days versus 17. After a reduction, both the final price and price-per- square-foot averaged roughly 11% lower than comparable properties that avoided reductions altogether. In other words, the first two weeks are precious. Open too high, miss the initial burst of broker and buyer attention, and our market tends to punish the correction meaning that time is lost, and money usually follows.

For sellers and close observers in Berkeley, the practical takeaway is pretty straightforward. The launch should be strategically designed, not drifted into: pricing is the most visible lever, but the whole system of preparation, photography, disclosures, and calendar creates the conditions for competition. The narrative needs guarding; when a listing lingers or reduces, buyers instinctively ask what’s wrong, and the answer costs money even when nothing is wrong. Evidence should prevail over vibes: segment-level comps, absorption rate, and live buyer activity are better guides than headlines or anecdotes. And flexibility matters; strong strategies still benefit from mid-course corrections when the market speaks.

“List low, sell high” was born of scarcity and still works beautifully in the right pockets of the Inner East Bay. But it’s a tool, not a creed. Across cycles, the data point to the same conclusion: thoughtful, evidence-based pricing at launch is the single most reliable way to protect outcomes and overpricing is the surest way to squander them.

Bang for the Buck

Ever wonder where just how certain areas stack up against others in terms of pricing? Below are the median home prices per square foot for the last 12 months for a handful of neighborhoods/areas of the Inner East Bay. Stats are for single family homes and come from N. California MLS.

Central

Kensington

Claremont Hills

Temescal/Bushrod

El Cerrito

Montclair

Point Richmond

$1,081

$1,052

$967

$946

$920

$896

$894

$890

$858

$835

$830

$739

$728

Clients, especially those buying homes, always ask us “So how much do you think this house will sell for?”. One of the more common tools we use is price per square foot by neighborhood. As you can see above, there can be big differences. For example, Berkeley’s overall average is $894 per sq ft. while Central Berkeley’s is nearly $200 more per sq. foot!

Because we are obsessed with date, we go one step further and evaluate homes based on their condition too (i.e.fixer, dated, turnkey, etc). In fact, each month we send out a painstakingly detailed market report of homes that tracks every home sale in the Inner East Bay by area AND condition. Please let us know if you’d like to receive a copy: Michael,perry@compass.com

Grilled Corn Salad with Hot Honey Lime Dressing

This recipe is a brand new addition to the summer lineup at our house. In its first season on the menu it’s already made 3 appearances . . . by popular demand. And what better time to make it than right now when corn is bursting with sweetness!

Ingredients

• 3 ears of corn, husked

• 2 Tbsp. Unsalted butter melted

• 1.5 Tsp. Kosher salt, plus more

• Freshly ground pepper

• 3 Tbsp. Fresh lime juice

• 1.5 Tsp. Sriracha

• 2 Tbsp. Honey

• 1 Tspn. Granulated garlic

• 1.5 Avocados, cut into 3/4” pieces

• 1 Serrano chile (jalapeño is ok)

• 1/2 Cup of cilantro leaves with tender stems

Steps

1. Prepare a grill for medium-high heat. Brush ears of corn with butter; season with salt and pepper. Grill, turning occasionally, until kernels are very tender and charred in spots, 10-12 minutes. Let cool slightly, then cut kernels from cobs.

2. Meanwhile, whisk lime juice, honey, Sriracha, granulated garlic, and 1.5 tsp salt in a large bowl to combine. Add corn, avocados, Chile, and cilantro to vinaigrette and toss to combine; season with salt and pepper. Cover with plastic wrap, pressing in direct contact with salad to prevent avocados from turning brown. Chill at least 2 hours.

9/06 HIKE & SIP : CHABOT SPACE & SCIENCE CENTER A sunset guided trek through the redwoods with Chabot’s outdoor educators: learn about the ecosystem, Ohlone heritage, and Oakland history, then unwind on the Observation Deck with drinks and charcuterie. Choose the easy 3-mile at 5:00 p.m. or the moderate 4.25-mile at 6:30 p.m., and finish with telescope stargazing (weather permitting); tickets are $40 and include two drink tickets and snacks.

Upcoming Events

09/13 OKTOBERFEST @ ORIGINAL PATTERN The brewery will be transformed into a Bavarian playground with official steins (0.5L or 1L), four house-brewed German styles beers (Festbier, Märzen, Helles, Pils), live sets by Polkageist West and Blackwülf, and a roving feast from Vana Maria BBQ, Citizen Pizza Co., and De La Creamery. Then flex your stamina in the stein-holding contest or show up in dirndl/lederhosen for the costume raffle, it’s family-friendly, high-spirited, and beer-lover approved.

9/20 & 9/21 LAFAYETTE ART & WINE FESTIVAL Downtown Lafayette comes alive with 250+ artist and craft booths, four stages with 20+ bands, kid zones, and plenty of local food, wine, and craft beer along Mt. Diablo Blvd. This is the biggest community event in Contra Costa County. Free to attend (Sat 10–7, Sun 10–6) Pro tip: take BART for an easy arrival and hydrate, hydrate, hydrate.

EDITOR’S PICK

SOLANO AVE STROLL

SUNDAY, SEPTEMBER 14TH 10AM-5PM

SOLANO AVE FROM SAN PABLO AVE TO THE ALAMEDA

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BLUEPRINT | EAST BAY Newsletter by michaelpatrickperry - Issuu