Last 30 Days in the East Bay for July 2018


Job growth is driving the demand for housing while hikes in mortgage Interest rates, increasing down payment requirements and tightening mortgage qualifications are challenging the consistently increasing market activity and rise in home pricing over the last 6 months. In some East Bay neighborhoods there is a slowing in new and active homes to market, median pricing and list to sale price, signifying a market shift and the first downtick since the beginning of 2018.  

STATS: July and (Change since June)


SOLD  73 (+11)
New 35 (-18)
Active 57 (-20)
Median Days on Market 22 (+7)

SOLD $1,220,000 (-$105,000)
New $998,000 (-$52,500)
Active $1,150,000 (-$45,000)
Sale to List Price 115% (-4%)

Patty: Berkeley stats are a good benchmark for East Bay market activity. 9 more homes SOLD in July, with decreases in new (-18) and active (-20) listings to market. Homes are staying on market for +7 days, at approx. 3 weeks. List to sale price has decreased by 4%. Make a home purchase in Berkeley while inventory is available.  


SOLD 39 (No Change)
New 14 (-13)
Active 22 (-6)
Median Days on Market 25 +(13)

SOLD $1,100,000 (+$225,000)
New    $958,000 (-$43,000)
Active $958,000 (-$33,500)
Sale to list price 114% (+2%)

Patty: Alameda inventory has slowed for the second month in a row with approx 50% less new listings to market. Median SOLD pricing has increased while median offer pricing of new and active listings has decreased. Buyer demand continues, with final sale prices creeping up to 14% over ask.


New 10
Active 17
Median Days on Market 17

SOLD $685,000
New     $624,000
Active  $599,978
Sale to list price 111%

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


SOLD  7 (-6)
New 4  (No Change)
Active 6  (-1)
Median Days on Market 16 (-2)

SOLD $2,500,000 (+$485,000)
New $2,096,000 (+$20,000)
Active $2,495,000 (-$177,000)

Patty: July shows a slower market as will happen during the summer months with sale pricing and homes coming to market at a lower median price than the previous month. The market remains consistent in Piedmont with buyer demand for new and active listings. Expect a start point for homes here to be near and above the $2m mark. 

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

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