Oakland, Berkeley, Piedmont
& City of Alameda Real Estate |
It’s hot out there, both in the weather and in the market! Make sure you have the info you need to make great real estate decisions, and if you have questions, I’m always here to help. |
Introducing Compass Concierge!
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Thinking of selling but don’t know where to start? What if you could sell your home faster, at a higher price, without spending upfront on home improvements? I’d love to sit down with you and customize a marketing strategy for you and your home that maximizes your returns. With Compass Concierge, we front the costs for your home preparation, from staging and landscaping, painting, custom renovations, and so much more. Ask me how the program could help you achieve your dreams!
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| 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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The Strongest Market in the Bay Area: Median Home Sales Prices & Luxury Home Sales Hit New Peaks
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Alameda County: Long-Term Median Price Trends
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The greater Oakland-Berkeley area is now actually out-performing Alameda County as a whole, but this is an excellent illustration of overall home-price trends since 1990.
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Oakland, Berkeley, Piedmont, City of Alameda: Short-Term Median Home Price Trends
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The combined median house sales price for the 4 cities in May 2019 ticked above the previous peak in June 2018. In the last 2 years, June has seen the annual high in median price, so perhaps we shall see another increase in June 2019. (June closed sales mostly reflect accepted offers in May.)
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Year-over-Year Comparisons, March-May
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Many Bay Area markets have been distinctly cooler as compared to the very hot spring 2018 market, and some have seen declines in median home sales prices. San Francisco and San Mateo have remained strong year over year - we may be seeing the IPO effect here - but by virtually every standard measurement, the greater Oakland-Berkeley region is the highest-demand market in the Bay Area.
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Annual Median Home Price Changes by City
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Comparing annual median home prices to partial year prices is not really an apples-to-apples comparison because of the effect of market seasonality on sales prices, but the below analysis is still an interesting indicator of home-price trends. However, full-year 2019 median home prices may be significantly different than the year-to-date figures.
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Luxury Home Sales, $2,000,000+ |
May 2019 saw the highest monthly number of homes selling for $2 million and above ever. San Francisco and San Mateo Counties also hit new highs in luxury home sales.
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Median House Sales Prices by Market Area
& Bedroom Count |
Selected Market Indicators |
Homes selling very quickly, with high overbidding percentages above list price - both due to buyers competing aggressively for new listings.
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Selected Economic & Demographic Snapshots |
This chart illustrating unemployment rates is updated through January. Since then, rates around the Bay Area half dropped about another half percent - to some of the lowest rates in history.
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The Bay Area counties with the highest percentages of millennials are those most affected by the high-tech boom. Alameda County has the second highest percentage of residents aged 25 to 34 (16.3% behind SF's 23%), and the second lowest median age (37.3 years to Santa Clara's 37 years). Marin County has by far the highest median age at 46.1 years. |
| 5 BD | 2.5 BA | 3,094 SQ FT | $2.3M This lovingly cared for 3,094 square foot craftsman home, designed by Walter H. Ratcliff, Jr. in 1910 and built in 1919, has 5 bedrooms, 2.5 baths and the glorious woodwork you would expect. The bright center island kitchen was expanded in the 1980's and features stainless steal appliances and a gas cooktop. The eat-in bay overlooks the serene backyard lawn, deck, trellis covered soaking tub for two and the bonus 225 square foot converted garage/studio space perfect for yoga, art or home office. From upper rooms, there are "peak of San Francisco" views and the amazing location, just 1.5 miles to Rockridge Bart.
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| 2 BD | 2 BA | 1,484 SQ FT | $1.11M A classic Oakland bungalow updated for modern living. The open floor plan includes living room with original fireplace opening to the dining room and updated kitchen, with direct access to the patio - perfect for entertaining! The main home features 2 bedrooms and 2 bathrooms, all updated with modern finishes and fresh paint. The backyard oasis has gorgeous landscaping and a fountain. A separate casita with a full bath provides extra living space or separate space for guests. With its proximity to public transportation, this home really has it all!
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| 1 BD | 1 BA | 809 SQ FT | $500K
South Shore Lagoon Condominiums. Serene, rear 1 bedroom, 1 bath unit all the way in back of the complex. Ground floor location, no stairs, with a beautiful, sunny, private garden and enclosed patio. Spacious living room with a large closet. Remodeled electric kitchen with lots of cabinets, crystal knobs/hardware, Carrera marble counter top, porcelain tile flooring and newer appliances. Bright dining area in the kitchen. Full tiled bath with Carrera marble counter, crystal knobs and hardware, and porcelain tile flooring. Lovely landscaped gardens, 2 swimming pools, and easy lagoon access for recreation and relaxation. Wonderful location in South Shore neighborhood on the island of Alameda.
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© Compass 2019 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a licensed real estate broker (01991628) in the State of California and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed |
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