Hey Oakland & Berkeley! Good news, the market is normalizing. We are seeing homes sell more quickly and the buyers are active even with the current interest rates. 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 both locally and nationally. But for now, let’s look at what’s happening right here in Oakland & Berkeley! Let me preface with this… BOTH CITIES have HEAT UP!
Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty… and I sell homes right here in Oakland & Berkeley
Let’s take a look at what’s happening in Berkeley CA. Is it a good time to sell or buy? In Berkeley, we currently at the time of this video have 34 single family homes that are active for sale, 28 are currently under contract, and 32 single family homes sold over the past 30 days. Looking at what happened in February … Single Family Homes sold for an approx. average of $1,768,000 (one million, five hundred and four thousand dollars). If we compare February 2023 with February 2022, Average sold price was down by 19%. In February the average sold price for single family homes was 15.3% over list and it took an average of 13 days to sell.
You also may be asking, is it a good time to sell or buy in Oakland California. In Oakland, we have 250 single family homes that are active for sale, 169 are currently under contract, and 140 single family homes sold over the past 30 days. Looking at what happened in February… Single Family Homes sold for an approx. average of $1,133,000 (one million, two hundred and fourty four thousand dollars). If we compare Feb 2023 with Feb 2022, Average sold price was down 4.5%. In February the average sold price for a single family homes was 11.5% over list and it took an average of 34 days to sell.
Keep in mind that these are just averages across the whole city, these all vary depending on location, condition, type of home, and more. AND the market has changed, but competition is back on the scene. AND The market is constantly changing… so you need an experienced Realtor to help guide you through your next moves in real estate. Connect with my team today to get more information, and we can strategize what to do with your home.
And if you’re thinking about selling, ask me about my tiered home selling plans where you get to pick which real estate services you want and the fee you pay… Most of the them offering my super duper digital marketing that… no one else does in our area. I’m Tanja and I sell homes. I offer simplified and transparent choices!
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?