Hey Oakland & Berkeley! YOU READY FOR YOUR LOCAL MARKET UPDATE? As we move into the 2023 Holiday Season, we are still seeing low housing inventory though it’s been increasing a bit! Mortgage rates hit 8% mid October for a 23-year high, and conversations about Mortgage rate buy-downs are back on the table!
For more info about the housing market be sure to check out my monthly real estate market series which lets you know what’s happening at the local, state and national level. But for now, let’s look at what’s happening right here in Oakland & Berkeley!
Hi, I’m Tanja Odzak, eXp Realty, and I help people sell and buy homes here in the East Bay.
Let’s take a look at what’s happening in Berkeley CA. Is it a good time to sell or buy? In Berkeley, currently at the time of this video, we have 56 single family homes that are active for sale, 42 are currently under contract, and 39 single family homes sold last month. Last month … Single Family Homes sold for an average of $1,552,769 (one million, five hundred and four thousand dollars). Year-over-Year, This is down 6%, when compared to October 2022. The actual range was 850,000 to 3,000,000. It took an average of 19 days to sell.
You also may be asking, is it a good time to sell or buy in Oakland California. In Oakland, we have 463 single family homes that are active for sale, 177 are currently under contract, and 177 single family homes sold last month. Last month… Single Family Homes sold for an average of $1,129,949 (one million, two hundred and fourty four thousand dollars). Like Berkeley, this is also down 6% year over year. The actual range was 300,000 to 3,200,000. It took an average of 23 days to sell.
Keep in mind that these are city averages and it doesn’t take all the variables into account… like location, condition, skill of the agent, and more. With the constant shifts in the market, you need me, an experienced Realtor, to help guide you through your next moves in real estate. Want more information? Or to strategize about your home situation? Call me today!
And if you need to sell a home… ask me about my home selling plans.. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really! Choose Silver, Gold, or Platinum- Pick your Plan and Pick your Price. I’m Tanja and I sell homes. Let’s get you going!
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.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?