homesales

Last 30 Days in the East Bay for July 2018

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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)

BERKELEY

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

MEDIAN PRICE
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.  

ALAMEDA

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

MEDIAN PRICE
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.

EMERYVILLE

SOLD 13
New 10
Active 17
Median Days on Market 17

MEDIAN PRICE
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.

PIEDMONT

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

MEDIAN PRICE
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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#modicumofcharm #pattyrogers #thegrubbcompany #noBS


1st OPEN. Fab. Modern. Updated. Oakland Townhouse.

NEW!! Just Listed

FIRST OPEN!! Sun 6/24 2:00-4:30PM

1510 Pullman Way | Oakland, CA 94607

Directions: West Grand Ave to Frontage Rd to 14th St

2 Bed | 2.5 Bath | 1644 SF | 1 Garage Parking

Offered for $847,500

LISTING REPRESENTATION

Built in 2017 and beautifully renovated, this spacious Contemporary “Modicum of Charm” 3-level townhome includes 2 top floor master suites with hall laundry.

What we LOVE:

The spaciousness of living on 3 levels with the thoughtful high-end upgrades and tasteful design choices make for a modern, upstyle contemporary lifestyle and it's a super convenient commuter home! Walking distance to BART. 8 Miles from San Francisco. Low HOA's.

HIGHLIGHTS: 

  • Modern Contemporary Townhome
  • 2 Bed | 2.5 Ba | 1644SF
  • Built in 2017
  • 3 Levels of living
  • Cozy living room fireplace 
  • Wide plank wood flooring
  • Modern designer lighting & fans 
  • Quartz kitchen countertops 
  • Eat-in kitchen, breakfast bar and nook 
  • Updated Piedrafina bath counters 
  • Fab sunny private outdoor patio & garden 
  • Upgraded appliances included
  • Walking distance to BART. 8 Miles from San Francisco
  • Low HOA’s 

Next Level East Bay Real Estate Representation!

PATTY ROGERS | The GRUBB Co. | Broker Associate DRE #00669968

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