This is your weekly market update for the San Francisco East Bay for the week of June 1st, 2022. This is Tanja Odzak with eXp Realty and let’s talk a little bit about like all the news that’s been out there lately because I do have friends sending me like articles here and there you. Do not buy into the hype because lots of times, all these articles saying there’s going to have a crash and that’s not true if you actually read the articles aside from the headlines. Headline is always just like trying to get clicks.
- Berkeley has 70 active single family homes for sale and 59 are pending so that is 1.2 months worth of inventory. Last week 17 were sold within a median of 12 days on market and the average sold price was $2,149,000. There are 19 condos on the market in Berkeley, 9 are pending that’s 2.1 months worth of inventor. Last week 3 were sold within a median of 12 days on the market for an average of $813,000.
- Oakland has 325 single family homes for sale on the market right now, 275 are pending and that is 1.2 months worth of inventory. Last week 67 were sold within a median days on market of 12 days and the average sold price was $1,225,000. There are 144 condos for sale in Oakland, 72 are pending. That is 2 months worth of inventory. Last week 17 were sold within a median days on market of 12 days. Average sold price was $817,000.
- For Piedmont, there are 17 on the market, 7 are pending and that’s exactly 1 month’s worth of inventory. Last week 6 were sold within a median of 11 days on the market. The average sold price was $2,968,000.
- For Lamorinda, 60 are on the market and 77 are pending. That’s 8/10 of a month worth of inventory. Last week 15 were sold within 7 days median on the market. Average sold price was $2,278,000.
So if you have any questions about any of this, you want to know about your city and your neighborhood or if you want to talk to me about buying or selling and how do these numbers like what do they mean for you, send me a text.
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
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