East Bay Real Estate Housing Market Update! May 2021

East Bay Real Estate Housing Market Update! May 2021

Hey Oakland / Berkeley East Bay Area! are you ready for your Oakland / Berkeley East Bay Area Real Estate market update???

It is an exciting time in the real estate market. Wow, it’s HOT HOT HOT! Homes are flying off the shelf, bidding wars and multiple offers are giving sellers more leverage than ever before. Buyers are doing things like removing all of their contingencies, upping their deposits, giving wild rent backs to the seller, not asking for any repairs or consolidations, they are doing whatever it takes to get into these homes. 

Let’s look at what’s happening. The average days on market for Berkeley is 14days, the national average days on market is 21, the average list price for a single family home in Berkeley is $1,858,000 but is selling on average for $2,156,000 which is about 16% above list price. The average days on market for Oakland is 15days, again nationally it’s 21, the average list price for a single family home in Oakland is $1,002,000 and the average sold price is $1,311,000 which is just about 31% above list price. So as you can see here in the Oakland / Berkeley East Bay Area the market is on FIRE, and buyers are in need of properties.

If you’re looking to get the most return on your investment and more money in your pocket with less hassle, there’s never been a better time. Let’s catch up if you are planning to sell or buy a property.

I’m a Top Producing Realtor® in the OAKLAND / BERKELEY EAST BAY AREA. I’ve been in the East Bay 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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