The Greater Oakland-Berkeley, Inner East Bay Market |
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OUR AGENT TEAM IS EXPANDING!
TiYanna Long joins the team with an MPA focused in public policy, urban development, & social entrepreneurship from NYU. This Bay Area native is the linchpin of all client interactions and operations at the Simone Koga Group. She enjoys following emerging market impacts, giving back to the community, and helping create tailored, top notch experiences for each of our buyers and sellers. You can read more about TiYanna here!
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Oakland, Berkeley, Piedmont, city of Alameda, Albany, Kensington, El Cerrito & Richmond Sales & Values by City, Market Seasonality, Luxury Home Sales, Market Dynamics by City & District, Foreign Homebuyers |
Inner East Bay Sales by Price Segment |
Median House Sales Price Trends by City |
Average Dollar per Square Foot Values |
Remember that it's not only the "quality" of a location that affects dollar per square foot value, it's the size of the home: All things being equal (which they rarely are) smaller homes will sell for a higher dollar per square foot value than a larger one.
Piedmont's average house size is usually over 3000 square feet, while in Central Berkeley, it is typically below 1500. However, size is only one of many factors at play in home values.
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Market activity usually slows during the late summer months, then spikes back up for the relatively short autumn selling season. This typically begins with a surge of new listings coming on market in September, fueling fall sales. Come mid-November, activity commonly begins to plunge for the winter holidays, to hit its nadir in December. Of course, homes continue to sell in every season of the year.
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Market Indicators by City & Neighborhood
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Q2 is commonly the most active market of the year, and the statistics below reflect how strong the demand was this past spring.
It is interesting that some of our highest priced markets experienced some of the strongest buyer demand, as illustrated by these standard statistics - something also seen in San Francisco in Q2. This is a switch from recent years, when the heat of the market shifted to more affordable segments. |
The overbidding percentages illustrated below were the highest in the Bay Area, and perhaps in the country. |
Foreign National Home Buying Tumbles |
According to a new report by the National Association of Realtors - based on a survey of its member agents - the purchase of U.S. homes by foreign nationals plunged in the 12 months through March 2019. California, and the Bay Area in particular, have been top destinations for international homebuyers. |
Financial Markets Hit New High
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The last 12 months have been an extremely dramatic time for financial markets as illustrated below. The alternating confidence and fear generated by its swings have been considerable factors in real estate markets. A parallel dynamic has occurred with the swings in interest rates.
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SOLD! 3932 Loma Vista Ave, Oakland 2BD | 2 BA | 1461 SQ FT | $1.05M A beauty in the popular Upper Laurel District. Excellent for entertaining, this open and bright layout is walking distance to Sequoia Diner and everything the Laurel has to offer. Split level: Main room is open with Living, Dining and updated Kitchen with Carrera Marble countertops, newer SS Appliances and farm sink. Home features: Original Hardwood Floors on Main and Upper floors, Nest Thermostat, Ring, Gas Fireplace, Tankless Water Heater, Dual Pane Windows, Sprinkler system, French drain, 1 car attached garage, Lemon and Loquat Trees. |
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COMPASS CONCIERGE! Exclusive to Compass, our Concierge program will prepare your home for the market. From deep-cleaning to cosmetic improvements, we'll work with you to assess every opportunity to elevate your home's value. |
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Bay Area Summer 2019 Looking for a twist on date night, or a fun family activity? Grab your picnic blankets and check out some of these great outdoor movie night offerings this summer in the East Bay! |
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© Compass 2019 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under
multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075,
1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented
herein is intended for informational purposes only and is compiled from sources deemed reliable
but has not been verified. Changes in price, condition, sale or withdrawal may be made without
notice. No statement is made as to accuracy of any description. All measurements and square
footage are approximate. Equal Housing Opportunity.
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