29Dec2021 Real Estate Market Update -San Francisco, East Bay, Oakland, Berkeley, Piedmont, Lamorinda

29Dec2021 Real Estate Market Update -San Francisco, East Bay, Oakland, Berkeley, Piedmont, Lamorinda

This is Tanja Odzak with eXp Realty with your weekly market update for the San Francisco EastBay area. This is for Berkeley, Oakland, Piedmont and Lamorinda. This week in particular is like the slowest week out of the year. This is when we have the least number of homes on the market out of the whole year. So we’re really low right now but what I think is kind of interesting is when I look at the same week last year well we’re actually even
lower than we were last year, right?

Last year when we were in the thick of COVID. We’re 20% lower than we were last year. And but this is we put this all into perspective with the number of homes that are pending because together the number of active homes in perspective with the number of homes that are pending tells us the month worth of months worth of inventory that we have so, even though we are down 20% in terms of the number of homes for sale on the market we are actually up one 10th of a month’s worth of inventory when we compare this week to the same week last year in 2020.

  • Berkeley has 15 active homes for sale on the market. Right now 33 are pending that’s half a month’s worth of inventory. Last week 5 were sold within a median days on the market of 15. That means when they got into contract right buyer and seller agreeing they got into contract. The average sold price for last week was $1,525,000. For condos, Berkeley has 13 for sale, there are 7 that are pending, that’s 1.9 months worth of inventory. 4 were sold last week and within a
    media days on market of 12 days, the average sold price for last week was $974,000.
  • Oakland, there are 147 that are active for sale on the market. Right now 212 are pending. That’s seven tenths of a month worth of inventory. Last week 31 were sold. And then a median days on market of 18. The average sold price for last week was $1,048, 000. For condos there are 94 on the market, right now 77 are pending. That’s 1.2 months worth of inventory. Last week 15 were sold. Within a median days on market of 42. That’s a really long time. And average sold price for last week was $646,000.
  • Piedmont, 3 are pending. That’s two thirds of a month worth of inventory. One was sold last week in eight days. For $4,100, 000.
  • Lamorinda, 32 are pending. That is four tenths of a month worth of inventory. Last week, 13 were sold within a
    median days on market of 7 and the average sold price was $2,010,000.

So as you can see, even though this is the slowest week of the entire year, real estate is still moving, homes are still selling, homes are still like it’s still happening in Dutch Real Estate.

If you want to see a breakdown buying your neighborhood or maybe there’s a city that I didn’t mention feel free to reach out I am happy to give you this information. Again this is TanjaOdzak with eXp Realty and I hope you have a very happy new year!

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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