Local Market Statistics

Sep

How Much Have Prices Dropped?

Posted In: Albany, Berkeley, El Cerrito, General Real Estate News, Local Market Statistics, Oakland, Richmond

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

Berkeley Housing Statistics for the Week of 7/24

Posted In: Berkeley, Local Market Statistics

The median single family home price in BERKELEY this week is $749,000. Inventory is flat and sales are slowing down. Here are some median prices throughout Berkeley: 94708 $724,000 94707 $944,750 94705 $1,185,000 94730 $473,950 94702 $577,000

Jul

Berkeley Market Stats

Posted In: Berkeley, Local Market Statistics

21-Jun 28-Jun New Listings 28 23 Price Reductions 2 5 Avg. Listing Price $905,520 $906,811

Jun

Analysis of Current MLS Inventory

Posted In: Local Market Statistics

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

May is in… Housing Update

Posted In: Local Market Statistics

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

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

Posted In: Local Market Statistics

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

Rockridge Deemed Luxurious

Posted In: Listings, Local Market Statistics, Oakland

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

Bay Area Median Value Decline for March 2009

Posted In: Local Market Statistics

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

Temescal and North Oakland Market Data

Posted In: Local Market Statistics, Oakland

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

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. [...]