This is your Weekly Market Update for the San Francisco, Easy Bay Area, Oakland, Berkeley, Piedmont and Lamorinda for the week of December 8th, 2021.
Berkeley has 40 active homes for sale on the market, Right now 48 are pending which means that that’s eight tenths of a month worth of inventory on the market. Last week 17 homes were sold within a median of 16 days on the market for an average sales price of $1. 986 million dollars. For condos, there are 22 that are on the market right now, 16 are pending which means that 1.4 months worth of inventory ast week. Five were sold within a media days on the market of 25 and last week’s average sold price was $770,000.
For Oakland there are 212 actives homes for sale on the market right now. That’s actually quite a drop in the past couple weeks. That’s down 20% from two weeks ago. There are currently two hundred and 89 that are pending which means that it’s at seven tenths of a month worth of inventory. Last week 66 homes were sold within a media days on market of 14 and last week’s average sold price was $1.212 million. For condos and townhouses in Oakland there’s 132 that are on the market. 91 are pending which puts it at 1.5 months worth of inventory. Last week 23 were sold within a media days on the market of 17. And there was an error with the sold price. Somebody put it the wrong number so I can’t repor that.
For Piedmont there are three active homes for sale on the market right now for our pending which means that that’s eight tenths of a month worth of inventory last week. Four were sold within a median of 13 days on the market and last week’s average sold price was $2.369 million.
For Lamorinda Homes For Sale, 40 are pending, that’s seven tenths of a month of inventory last week
17 single family homes were sold within a median of 10 days on the market average price was $2.478 million dollars for condos and townhouses. There’s three on the market, seven are pending, that’s four tenths of a month worth of inventory last week and none were sold.
What is all that mean is, as industry experts say you know whenever there is like six months or less worth of inventory of homes on the market makes a seller’s market, so for all of these homes are down, I see one and a half months at top so we’re in a super seller’s market. It is winter this is generally the slowest time of the year but as you can see homes are still selling so you know whether the market is cooler doesn’t mean all houses are cool and even when the market’s really hot doesn’t mean that all houses are hot it’s a little slower right now but it kind of still just depends on what the house is where it’s located, the condition, all that kind of stuff as how fast it will sell and what it will sell for. Once again, this is TanjaOdzak with eXp Realty. If you have any questions, comments, or
concerns, feel free to reach out.
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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