The good news is that it appears our residential real estate market may be stabilizing somewhat. This is a lot better than what has been happening over the past three years. Though it is too soon to predict when this market will turn around, any encouraging sign in the market is a good thing.
These graphs for October 2011 year-to-date include active, pending and sold properties for Berkeley, Emeryville, Kensington, Piedmont and Oakland (94602, 94605, 94610, 94611, 94618 and 94619). The first graph indicates that the majority of sold properties for 2011 have occurred in Berkeley and Oakland (94605 and 94611). The second graph indicates what percentage of active...
As the real estate market sputters, Upper Rockridge seems to be holding its own. The number of active listings is almost equal to the number of properties which have gone pending. Based on monthly supply and demand statistics between October of 2008 and October of 2009, the number of active listings has shrunk by more than 30% and...
For all homes in Oakland over $700K which have come on the market since September 1st, I found that there have been a total of 58 new listings. 49 of these listings are active and currently available. Four of these 49 new listings are in Upper Rockridge priced between $799,000 and $1,250,000. Of these 58...
