This is your weekly market update for the San Francisco East Bay Area. This is for Berkeley, Oakland, Piedmont, and Lamorinda for the week of June 22, 2022. This is Tanja Odzak with eXp and I want your business. So, it’s very interesting. Um inventory has creeped up again. I would say Berkeley and Piedmont kind of flat. Piedmont’s a really small city and Berkeley is not huge either but bigger than Piedmont. It’s kind of flat there but Oakland very interesting. It is gone up but don’t get me wrong. This is not enough to change our inventory issues here. This is not enough to tip it into a buyer’s market or anything even close to that but there are more houses. Buyers are able to be a little bit pickier right now and you know, this is where with your selling, you probably need to start considering things and ask question like what’s the condition of your house? What’s it look like? You know, you’re having more competition out there. When you put your house on the market, you are entering competition. That has always been true but when there’s more houses, it is even more true.
- Oakland has 410 active single family homes for sale on the market and 234 pending. That is 1.8 months worth of of inventory. Last week 57 were sold within a median days on market of 13. Average sold price for last week was $1,247, 000. For condos there are 182 active for sale on the market right now. 62 are currently pending. And that is 2.9 months worth of inventory. Last week 21 were sold. Within a median days on market of 13. Average sold price for last was $684,000.
- For Berkeley there are 56 that are active on the market right now. 46 are pending. That is 1.2 months worth of inventory. Last week, 20 were sold within a median days of market of 13. Average sold price is $1,967,000. For condos, there’s 19 on the market in Berkeley. 11 are pending and that’s 1.7 months worth of inventory. 2 wwere sold last week within a media days of market of thirteen. Average sold price was $1,590,000.
- For Piedmont, there are 25 active for sale on the market right now. Pending are 9. And that’s 2.8 months worth of inventory. Last week, 4 were sold within a median days on market of thirteen. Average sold price was $2,616,000.
- For Lamorinda there are 87 single family homes for sale on the market right now. There are 54 that are pending. That is 1.6 months worth of inventory. Last week 19 were sold in a median days on market of 7. Average sold price was $2,280,000 dollars. There are 9 condos and townhouses, and 22 are pending. That is 4/10 of a month’s worth of inventory. Last week 3 were sold within median days of 28. There’s probably one that just totally threw it off. Average sold price for last week was $906.000.
And ask me about my tiered home selling plans where you get to pick which real estate services you want and the fee you pay offering you simplified and transparent choices! Tanja Odzak, Our East Bay Home AND eXp Realty and I’m always here to help. Reach out anytime even if you’ve just got questions.
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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