The Last 30 Days in East Bay Real Estate

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East Bay Market Report 

A brisk market with rising sale to list prices as the spring market begins. Inventory slightly up though buyer demand for homes in 50 neighborhoods of Oakland, Berkley and Alameda remains strong and competitive. 

Here are the stats for 4 neighborhoodS:

BERKELEY

SOLD 28
New 30
Active 41
Median Days on Market 14 

MEDIAN PRICE
SOLD $1,117,500
New $1,145,000
Active $1,195,000
Sale to List Price 117% (+)

Patty: Sale to List Price rose 4% over last month as more, yet still limited inventory under $1.2m means bidding remains competitive nudging up final sale pricing. Number of homes SOLD doubled over last month with the rate of homes to market and active market remaining unchanged. 

NORTH BERKELEY HILLS

SOLD 6
New 5
Active 8
Median Days on Market 11

MEDIAN PRICE
SOLD $1,285,000
Active $1,595,00
Sale to List Price 115% (+)

Patty: The $1.2m - $1.6m price point is the most active in this neighborhood with the number of homes sold doubling over last month while inventory remains unchanged with available homes selling quickly with the sale to list price at 4% more than the prior month. 

ALAMEDA (Island)

SOLD 24
New 21
Active 31
Median Days on Market 16

MEDIAN PRICE
SOLD $815,000
New $849,000
Active $850,000
Sale to List Price 109%

Patty: A few more homes to market this month than last with the Median pricing rising slowly but steadily. Sale to list Price up 1%. With home available under $1m, buyers are well-prepared to offer competitively, with an eye on homes with added value potential.  

PIEDMONT

SOLD 4
New 6
Active 9
Median Days on Market 3

MEDIAN PRICE
SOLD $3,125,000
New    $2,075,000
Active $1,995,000

Patty: The inventory has tripled as Spring arrives with 9 active listings. Recent sales drove up the median sale price with 2 recently sales coming in over over $3.5m. New listings range from just under $1m for 1338 SF for 3 Beds to the high $3m’s for a 5,463SF home of 7 beds.

Learn More about East Bay Home Pricing >

Next Level East Bay Real Estate Representation! 
PATTY ROGERS | The GRUBB Co. | Broker Associate, Lic #00669968  

 

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