The East Bay is Hot right now!!
Happy to report that Inventory has loosened up with competitive bidding still the norm. Median prices slowly rise with homes selling within 2 weeks of coming to market.
Median Days on Market 13
Sale to List Price 120%
Patty: One of the most active East Bay markets with increasing inventory, a steady sales rate and home pricing leveling off with competitive bidding to up to 20% over ask.
UPPER ROCKRIDGE (OAKLAND)
Median Days on Market 16
Sale to List Price 118%
Patty: Sales increased in early spring with few current listings on market and a consistent upper $1m price point with buyers willing to overbid by up to 18% for a home in the Oakland Hills.
Median Days on Market 12
Patty: Expect home pricing from $2M-$4M for the large homes and estates in Piedmont. Finally, homes are coming to market with brisk sales keeping pace with new inventory.
Median Days on Market 11
Sale to list price 110%
Patty: Wow! Alameda is hot with inventory nearly doubling in the last 30 days and flying off market, while median price has risen slightly. Expect to cushion your offer by 10% to compete. More inventory may soften final sales pricing - though strike while inventory is plentiful.
Next Level East Bay Real Estate!
PATTY ROGERS | Rogers & Thacker Group | The Grubb Company | Broker Associate, BRE#00669968
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