East Bay Real Estate Market MARCH MADNESS

East Bay Real Estate Market MARCH MADNESS

Real Estate is going BONKERS, so what’s happening locally here in the Real Estate market.  Should you buy, should you sell, should you wait, should ya’ stay, or should ya’ go Now? (LOL) Well, let’s look at what the data is telling us. 

Hi my name is Tanja Odzak-Goppold with Keller Williams and I’m a top producing Realtor here in Oakland, Berkeley, and the East Bay.

In Oakland, we have 1.1 months of inventory, this is considerably low. That means if no more homes came on the market, it would take a month and 3 days to sell all the homes. Berkeley is at 1.2 months… so a month and 6 days to sell all the houses. Right now, the number of homes for sale is SUPER LOW. The average days on market is 33, now remember this is the average, we are seeing homes go pending much more quickly than that. It’s been customary to leave a home on the market in our area for about 12 days… but that’s currently been shrinking in many cases, HOWEVER, I do advise to leave your home active for at least a week so that you have the opportunity to get the highest quality offer, if you take an offer too soon, you may lose out on other offers that are coming your way. In Oakland, the Average List Price is 856,000 and the Average Sales Price is $931,700, which means on average homes are selling for around 76,000 above list price.  In December and January our homes sold on average for 54,000 above list price.

Let’s look at Berkeley…….  Berkeley is very similar.  Berkeley has 1.2 months of inventory on the market.  The Average List Price of a single family home is $1,360,000 and the Average Sales Price is $1,578,000, in February homes sold for an average of $218,000 above list price. 

So what’s the market like in Oakland, CA? SMOKING HOT!!  And what’s the market like in Berkeley CA? Smoking Hot!!!! How about the East Bay? You guessed it…SMOKING HOT!!

I’m your Community Market Leader Specialist.  So give me a call, I’m always here to help, and as always make it a great home selling and buying day. if you’d like to hear more, you can click the HERE to see all my videos this month for information and tips when selling..  and if you’re thinking about selling, give me a call, I’d be happy to help! 

Click the HERE to get your free SELLER’S “Guide to Selling” in Oakland, Berkeley, and the East Bay.

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