Sep
18

How Much Have Prices Dropped?

Posted In: Albany, Berkeley, El Cerrito, General Real Estate News, Local Market Statistics, Oakland, Richmond
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One of the biggest questions I get lately is “how much have prices goine down?”  This is pretty easy to answer.  If you look at the statistical date from the height of the market (2006 – 2007) and compare it to today’s numbers you will see that Richmond has taken the biggest hit, primarily because of foreclosures.  Because of the [...]
Jul
01

Berkeley Market Stats

Posted In: Berkeley, Local Market Statistics
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                               21-Jun          28-Jun New Listings           28                 23 Price Reductions     2                   5 Avg. Listing Price   $905,520       $906,811
Jun
30

Analysis of Current MLS Inventory

Posted In: Local Market Statistics
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These numbers include single family residences, condos, townhouses and duets.  The first number represents activity via Foreclosure Radar, a site which tracks the status on properties that are either heading into default, in default, or foreclosed; the second number is the level of inventory on the MLS.  Data is as of June 1, 2009.                                            FR         MLS El Sobrante & Pinole        [...]
Jun
18

May is in… Housing Update

Posted In: Local Market Statistics
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In the East Bay, Alameda County’s median value was $289,197 – up 3.3 percent over March, but down 39.0 percent since April 2008. The Contra Costa County median home sale value in April 2009 was $225,500 – up 2.3 percent over March, but 43.0 since April 2008. Due to foreclosure-related short sales, in April Contra Costa County continued to post [...]
May
13

Bay Area home sales continue climb, median still below $300K

Posted In: Local Market Statistics
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The folks at DQ News are reporting the following: “The number of homes sold in the Bay Area rose for the seventh month in a row in March, the result of continued bargain hunting in the East Bay and other foreclosure-discounted communities. The past year’s steep drop in the median price slowed significantly, indicating that the market might be near [...]
Apr
24

Rockridge Deemed Luxurious

Posted In: Listings, Local Market Statistics, Oakland
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Matt Woolsey at Forbes loves to compile, collect, and claim.  Last week it was foreclosures, this week he has picked the 10 most luxurious, top-selling real estate markets in America.  #6 on the list?  Our own Rockridge, with a median price of $1.09mil and an average of 67 days on the market. So I guess I would be prudent to point out a [...]
Apr
08

Bay Area Median Value Decline for March 2009

Posted In: Local Market Statistics
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According to MDA DataQuick, the median price paid for all new and resale houses and condos combined in the Bay Area fell to $295,000 in February 2009. That was down 1.7 percent from $300,000 in January and down a record 46.2 percent from $548,000 a year ago. In the East Bay, Alameda County’s median value was $29,000, a 29.0 percent [...]
Apr
06

Temescal and North Oakland Market Data

Posted In: Local Market Statistics, Oakland
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Check it out.  This data is for single family homes in Temescal and North Oakland, and covers *for sale* and *sold* over the past 12 months.             And here we are for the past 2 years… If we continue with this same trend than we can deduce that inventory will continue to go up through the [...]
Apr
03

Oakland under $100k

Posted In: First Time Home Buyers, For Buyers, Investing, Local Market Statistics, Oakland
In the past couple of days there has been lots of discussion with clients regarding a recent blog post of mine about multiple offers, as well as the article in the paper from last Sunday’s Chron (http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/03/29/MN3K16M9RT.DTL) .  It appears that if people aren’t running, they are confused. These discussions have prompted me to delve into Oakland’s inventory under $100k.  [...]