East Bay Real Estate Market Report

east_bay_market_report_june.png

#EastBay #HomeSales are robust!

Interest rates have risen with 2 more expected rate hikes expected this year. Inventory has loosened, with more active homes on market and homes selling within 1-2 weeks on market. The time to buy and sell is now!

STATS:

BERKELEY (ALL) 
SOLD 64
New 53
Active 77
Median Days on Market 15

MEDIAN PRICE
SOLD $1,325,000
New $1,050,500
Active $1,195,000
Sale to List Price 119%

Patty: Berkeley is a jamming market. 11 more homes sold than last month with inventory increasing steadily since March. Final Sale prices have declined by 1-2% since March and median pricing has increased by a small margin. Expect to add up to 20% to your offer to compete in this busy market. 

LOWER ROCKRIDGE (OAKLAND)
SOLD 4
New 4
Active 5
Median Days on Market 16

MEDIAN PRICE
SOLD $1,989,170
New $1,147,500
Active $1,195,000
Sale to List Price 118%

Patty: The charming craftsman homes and condos here make for a popular buyer destination. A slower moving market with only a couple of more sales and few more new and active listings than the previous month. Homes sell in the Low to High $1m range and move within a week of coming to market. Final sale prices are competitive. 

PIEDMONT
SOLD 13
New 4
Active 6
Median Days on Market 18

MEDIAN PRICE
SOLD $2,015,000
New $2,076,000
Active $2,672,000

Patty: Home pricing has risen with 13 homes sold and not much inventory on or coming to market. Expect a start point for homes here to be near and above the $2m mark. So little inventory signals competition for available homes and high buyer demand.

ALAMEDA
SOLD 39
New 27
Active 28
Median Days on Market 12

MEDIAN PRICE
SOLD $875,000
New    $995,000
Active $991,500
Sale to list price 112%

Patty: Alameda inventory has slowed since last month, with about 30% less active listings though same amount of homes have sold since last month showing steady buyer demand, with final sale prices creeping up by a small margin. Expect to increase offer your price of up to 12% over ask to compete.

Next Level East Bay Real Estate Representation! 

PATTY ROGERS | The Grubb Co. | Broker Associate, BRE#00669968 

#realestate #agent #sellyourhome #buyer #dreamhome #buyahome #homebuyertips #1sttimehomebuyer #forsale #homeforsale #housesales #househunting #smartagents #home #realestatelife #mortgage #listings
#eastbayrealestate #pattyrogers #brokerassociate #eastbayrealtor #realtorlife #sanfranciscoeastbay #modicumofcharm #igotyourback #thegrubbcompany #aroundtheblock #40yearsinrealestate #realestatecloser #hiphomes #NoBS