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#56 - Kerri Naslund-Monday - Navigating the Four Punches to the Inner East Bay Condo Market
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Kerri Naslund-Monday returns to discuss the struggling Inner East Bay condo market, revealing how properties have lost a decade of appreciation.
The Inner East Bay condo market has experienced what Kerri calls "four punches" that have seen demand and values decline. Properties that once commanded premium prices are now selling at levels not seen since 2014 — or in some cases, 2007. This represents a reversal of fortune that's reshaping the market landscape.
Declan and Kerri dissect these market-altering forces: COVID's devastating impact on shared living spaces, skyrocketing interest rates impacting affordability, California's new balcony inspection requirements triggering special assessments, and an insurance crisis driving HOA fees to unprecedented heights. Together, these factors have created a perfect storm for condo owners while simultaneously opening doors for strategic buyers.
The conversation doesn't just diagnose problems — it illuminates paths forward. For sellers, understanding the realistic timeline for market recovery is crucial for making informed decisions. For buyers, learning how to properly evaluate a condo complex's inspection status, insurance situation, and HOA finances can reveal value opportunities. And for real estate professionals, this challenging market segment offers a chance to build expertise and relationships that will pay dividends when the inevitable recovery arrives.
Whether you're a property owner facing tough decisions, a potential buyer seeking value, or an agent navigating a difficult market, this episode provides the context, data, and strategies needed to make confident choices in uncertain times. Listen now and discover how today's challenges might be tomorrow's opportunities.
Kerri Naslund-Monday is a licensed CA REALTOR® DRE#01759031
Declan Spring is a licensed CA REALTOR® DRE#01398898
Chapters
1. Introduction to East Bay Condo Market (00:00:00)
2. Four Punch Analysis: COVID Impact (00:03:30)
3. Rising Interest Rates and Affordability Crisis (00:09:33)
4. Balcony Inspections and Special Assessments (00:15:18)
5. Insurance Problems and Current Market Values (00:22:11)
6. Silver Linings and Opportunities Ahead (00:27:18)
60 episodes
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