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Market Report for Oakland area October 2022

Page 1


Oakland area

El Sobrante

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Emeryville

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Fremont

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Alameda

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Albany

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Berkeley

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Castro Valley

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El Cerrito

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Hayward

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Lafayette

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Moraga

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Newark

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Oakland

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Orinda

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Piedmont

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Pleasanton

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Richmond

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San Leandro

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San Lorenzo

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San Pablo

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Union City

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What’syourhome reallyworthin today’smarket?

That's really the question you should be asking yourself

Our market is incredibly diverse and changes rapidly Values vary not just by neighborhood, but by street Your home isn't necessarily worth what your neighbors is At the end of the day, the current market sets the value of your home

So, do you know what your home is worth in today's market? Icanhelp...

Contact me for a confidential, no obligation, assessment of your home's value.

TwoQuestionsEvery HomebuyerShouldAsk ThemselvesRightNow

Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. .: This is leaving some people, who want to purchase a home, priced out of the market, and others wondering if now is the right time to buy.But this rise in borrowing cost shows no signs of letting up soon.

Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise George Ratiu, Senior Economist and Manager of Economic Research at realtor com, says this:

“While even two months ago rates above 7% may have seemed unthinkable, at the current pace, we can expect rates to surpass that level in the next three months ”

So, is now the right time to buy a home? Anyone thinking about buying a home today should ask these two questions.

Alameda

What's in the Alameda data?

In Alameda, the median sold price for single-family homes in September increased month-over-month to $1.4 million. The number of homes sold decreased to 32, and the number of new listings increased to 82. The number of condo & townhome sales decreased to $875 thousand month-over-month with 17 units sold and 52 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%.Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

MData includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office et

52

Alameda

SEPTEMBER 2021 - SEPTEMBER 2022

Single Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Single Family Homes

The median sales price has increased from $1.3m last September 2021 to $1.4m in September 2022.

Condos & Townhomes

The median sales price has decreased from $952k last September 2021 to $875k in September 2022.

Single Family Homes

The average days on market is from 13 days last September 2021 up to 24 days by September 2022

Condos & Townhomes

The average days on market last September 2021 is 16 days up to 32 days in September 2022

Overbids

Single Family Homes

The overbid percentage has decreased from 118.4% last September 2021 to 108.4% a year later.

Condos & Townhomes

The overbid percentage has decreased from 109% last September 2021 to 105.2% a year later.

Albany

What's in the Albany data?

In Albany, the median sold price for single-family homes in September decreased month-over-month to $1.1 million. The number of homes sold decreased to 6, and the number of new listings also decreased to 10. The number of condo & townhome sales decreased monthover-month to $400 thousand with 3 units sold and 24 new listings.Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply.Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

Single Family Homes

10 New Listings

0.4 Months of Inventory

6 Sold Listings

$1.1M Median Sale Price

102.6%

Median Sale vs List

25

Avg Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

24

LISTINGS FOR SALE VS SOLD LISTINGS

Single Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single Family Homes

The median sales price has slightly decreased from $1 16m September 2021 to $1 10m in September 2022

Condos & Townhomes

The median sales price has decreased from $580k last September 2021 to $400k in September 2022.

Single Family Homes

The average days on the market is from 16 days last September 2021 up to 25 days by September 2022

Condos & Townhomes

The average days on market last September 2021 is 38 days up to 41 days in September 2022

Overbids

Single Family Homes

The overbid percentage has decreased from 120.6% last September 2021 to 102.6% a year later.

Condos & Townhomes

The overbid percentage has gone down from 102.3% last September 2021 to 97.4% a year later.

Berkeley

What's in the Berkeley data?

In Berkeley, the median sold price for single-family homes in September increased month-over-month to $1.6 million. The number of homes sold decreased to 48, and the number of new listings also decreased to 122. The number of condo and townhome sales increased month-overmonth to $847 thousand, with 10 units sold and 31 new listings.Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%.Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

Single Family Homes

122 New Listings

1.7 Months of Inventory

48 Sold Listings

$1.6M Median Sale Price

116.2%

Median Sale vs List

23

Avg Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

31 New Listings

1.8

ptember2022
ptember2022

Median SalesPrice

Single Family Homes

The median sales price has slightly increased from $1 64m last September 2021 to $1 65m in September 2022

Condos & Townhomes

The median sales price has increased from $714k last September 2021 to $847k in September 2022

Single Family Homes

The average days on market is from 17 days last September 2021 up to 23 days by September 2022

Condos & Townhomes

The average days on market last September 2021 is 26 days down to 20 days in September 2022

Overbids

Single Family Homes

The overbid percentage has decreased from 118 5% last September 2021 to 116 2% a year later

Condos & Townhomes

The overbid percentage has gone up from 102 1% last September 2021 to 109 6% a year later

Castro Valley

What's in the Castro Valley data?

In Castro Valley, the median sold price for single-family homes in September decreased month-over-month to $1 million. The number of homes sold decreased to 40, and the number of new listings also increased to 106. The number of condo and townhome sales increased month-over-month to $909 thousand, with 6 units sold and 15 new listings.Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office

Median SalesPrice

Single Family Homes

The median sales price has decreased from $1 2m last September 2021 to $1m in September 2022

Condos & Townhomes

The median sales price has increased from $818k last September 2021 to $909k in September 2022

Single Family Homes

The average days on market is from 15 days last September 2021 up to 29 days by September 2022

Condos & Townhomes

The average days on market last September 2021 is 24 days up to 33 days in September 2022

Overbids

Single Family Homes

The overbid percentage has decreased from 104 8% last September 2021 to 94 5% a year later

Condos & Townhomes

The overbid percentage has gone down from 110 8% last September 2021 to 96% a year later

ElCerrito

What's in the El Cerrito data?

In El Cerrito, the median sold price for single-family homes in September decreased month-over-month to $1.2 million. The number of homes sold increased to 16, and the number of new listings also increased to 46. Similarly to last month, the number of condo and townhome sales increased month-over-month to $1.4 million, with 1 unit sold and 10 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply.Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

Single Family Homes

46 New Listings

1.2 Months of Inventory

16 Sold Listings

$1.2M Median Sale Price

118.6% Median Sale vs List

21 Avg Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

10

New Listings

1 Sold Listings

1.7 Months of Inventory

$1.4M Median Sale Price

113.9%

Median Sale vs List

36 Avg Days on Market

LISTINGS FOR SALE VS SOLD LISTINGS

Single Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single Family Homes

The median sales price has decreased from $1 3m last September 2021 to $1 2m in September 2022

Condos & Townhomes

The median sales price has increased from $870k last September 2021 to $1 4m in September 2022

Single Family Homes

The average days on market is from 17 days last September 2021 to 21 days by September 2022

Condos & Townhomes

The average days on market last September 2021 is 8 days up to 36 days in September 2022

Overbids

Single Family Homes

The overbid percentage has decreased from 123 2% last September 2021 to 118 6% a year later

Condos & Townhomes

The overbid percentage has gone up from 111 6% last September 2021 to 113 9% a year later

El Sobrante

What's in the El Sobrante data?

In El Sobrante, the median sold price for single-family homes in September increased month-over-month to $842 thousand. The number of homes sold decreased to 7, and the number of new listings also decreased to 28. The number of condo & townhome sales increased month-over-month to $365 thousand with 1 unit sold and 2 new listings.Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply.Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

Median SalesPrice

Single Family Homes

The median sales price has increased from $775k last September 2021 2021 to $842k on September 2022

Condos & Townhomes

The median sales price has slightly decreased from $385k last September 2021 to $365k in September 2022

Single Family Homes

The average days on market is from 19 days last September 2021 up to 23 days by September 2022

Condos & Townhomes

The average days on market is from 14 days last September 2021 down to 0 days by September 2022

Overbids

Single Family Homes

The overbid percentage has decreased 110 4% last September 2021 to 97 4% a year later

Condos & Townhomes

The overbid percentage has increased from 96 5% last September 2021 to 122 1% a year later

Emeryville

What's in the Emeryville data?

In Emeryville, the median sold price for single-family homes in September has no changes month-over-month to $0. The number of homes sold remains to 0, and the number of new listings also increased to 4. The number of condo & townhome sales increased month-over-month to $465 thousand month-over-month with 11 units sold and 49 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.

49

1.9

ember2022
ember2022

Median SalesPrice

Single Family Homes

The median sales price has decreased from $1m September 2021 to $0 in September 2022

Condos & Townhomes

The median sales price has decreased from $617k last September 2021 to $465k in September 2022

AVGDays OntheMarket

Single Family Homes

The average days on market is from 0 days last September 2021 down to 0 days by September 2022

Condos & Townhomes

The average number of days on market last September 2021 is 20 days up to 44 days in September 2022

Overbids

Single Family Homes

The overbid percentage has decreased from 117 7% last September 2021 to 0% a year later

Condos & Townhomes

The overbid percentage has gone down from 104 1% last September 2021 to 97 7% a year later

Fremont

What's in the Fremont data?

In Fremont, the median sold price for single-family homes in September increased month-over-month to $1.5 million. The number of homes sold decreased to 97, and the number of new listings increased to 253. The number of condo and townhome sales increased month-over-month at $800 thousand with 50 units sold and 171 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.

97 ld Listings mes

$1.5M

edian Sale Price

28 g Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

171

LISTINGS FOR SALE VS SOLD LISTINGS

Single Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single Family Homes

The median sales price increased from $1 4m in September 2021 to $1 5m in September 2022

Condos & Townhomes

The median sales price increased from $794k in September 2021 and $800k in September 2022

Single Family Homes

The average days on market increased from 12 days last September 2021 to 28 days by September 2022

Condos & Townhomes

The average days on market slightly increased from 20 days in September 2021 to 21 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 108 2% last September 2021 to 97 9% a year later

Condos & Townhomes

The overbid percentage decreased from 102 2% last September 2021 to 99 6% a year later

Hayward

What's in the Hayward data?

In Hayward, the median sold price for single-family homes in September decreased month-over-month to $860 thousand. The number of homes sold decreased to 89, and the number of new listings decreased to 220. The number of condo and townhome sales remained the same monthover-month at $595 thousand, with 30 units sold and 96 new listings.. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.

mily Homes

ory

89 Sold Listings

$860K Median Sale Price

% st 31 Avg Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

Single Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single Family Homes

The median sales price decreased from $930k in September 2021 to $860k in September 2022

Condos & Townhomes

The median sales price decreased from $612k in September 2021 and $595k in September 2022

Single Family Homes

The average days on market increased from 16 days last September 2021 to 31 days by September 2022

Condos & Townhomes

The average days on market increased from 18 days in September 2021 to 32 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 107 1% last September 2021 to 97 7% a year later

Condos & Townhomes

The overbid percentage decreased from 106 4% last September 2021 to 98 2% a year later

Lafayette

What's in the Lafayette data?

In Lafayette, the median sold price for single-family homes in September increased month-over-month to $1.9 million. The number of homes sold decreased to 24, and the number of new listings increased to 75. The number of condo & townhomes sales increased month-over-month to $1.1 million, with 1 unit sold and 11 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.

Single Family Homes

75 New Listings

0.4 Months of Inventory

24 Sold Listings

$1.9M Median Sale Price

100.1%

Median Sale vs List

27 Avg Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

11 New Listings

1 Sold Listings

2.7 Months of Inventory

$1.1M Median Sale Price 87.6% Median Sale vs List 44 Avg Days on Market

ember2022
ember2022

Median SalesPrice

Single Family Homes

The median sales price increased from $1 7m in September 2021 to $1 9m in September 2022

Condos & Townhomes

The median sales price increased from $1m in September 2021 and $1 1m in September 2022

Single Family Homes

The average days on market increased from 13 days last September 2021 to 27 days by September 2022

Condos & Townhomes

The average days on market increased from 12 days in September 2021 to 44 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 104 6% last September 2021 to 100 1% a year later

Condos & Townhomes

The overbid percentage decreased from 102 4% last September 2021 to 87 6% a year later

Moraga

What's in the Moraga data?

In Moraga, the median sold price for single-family homes in September decreased month-over-month to $1.7 million. The number of homes sold decreased to 7, and the number of new listings increased to 20. The number of condo & townhomes sales increased month-over-month to $809 thousand, with 2 units sold and 11 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.

7M ale Price on Market ngs

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office

2

Listings

Median SalesPrice

Single Family Homes

The median sales price decreased from $2m in September 2021 to $1 7m in September 2022

Condos & Townhomes

The median sales price increased from $766k in September 2021 and $809k in September 2022

Single Family Homes

The average days on market increased from 7 days last September 2021 to 30 days by September 2022

Condos & Townhomes

The average days on market increased from 18 days in September 2021 to 22 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 108 8% last September 2021 to 99 1% a year later

Condos & Townhomes

The overbid percentage decreased from 104 3% last September 2021 to 99 6% a year later

Newark

What's in the Newark data?

In Newark, the median sold price for single-family homes in September increased month-over-month to $1.2 million. The number of homes sold decreased to 31, and the number of new listings increased to 64. The number of condo and townhome sales decreased month-over-month at $682 thousand with 13 units sold and 22 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.

Single Family Homes

64 New Listings

2.3 Months of Inventory

31 Sold Listings

$1.2M Median Sale Price

95% Median Sale vs List

32 Avg Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

22

Single Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single Family Homes

The median sales price increased from $1 1m in September 2021 to $1 2m in September 2022

Condos & Townhomes

The median sales price decreased from $900k in September 2021 and $682k in September 2022

Single Family Homes

The average days on market increased from 13 days last September 2021 to 32 days by September 2022

Condos & Townhomes

The average days on market increased from 10 days in September 2021 to 33 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 106 9% last September 2021 to 95% a year later

Condos & Townhomes

The overbid percentage decreased from 104 1% last September 2021 to 96 3% a year later

Oakland

What's in the Oakland data?

In Oakland, the median sold price for single-family homes in September decreased month-over-month to $1 million. The number of homes sold decreased to 191, and the number of new listings increased to 740. The number of condo and townhome sales decreased month-over-month at $655 thousand with 57 units sold and 256 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

mes

191 ld Listings

$1M

edian Sale Price

24 g Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

256

Median SalesPrice

Single Family Homes

The median sales price decreased from $1 1m in September 2021 to $1m in September 2022

Condos & Townhomes

The median sales price decreased from $679k in September 2021 and $655k in September 2022

AVGDays OntheMarket

Single Family Homes

The average days on market increased from 21 days last September 2021 to 24 days by September 2022

Condos & Townhomes

The average days on market increased from 27 days in September 2021 to 39 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 121 8% last September 2021 to 109 4% a year later

Condos & Townhomes

The overbid percentage decreased from 105% last September 2021 to 100 4% a year later

Orinda

What's in the Orinda data?

In Orinda, the median sold price for single-family homes in September increased month-over-month to $2.1 million. The number of homes sold decreased to 15, and the number of new listings increased to 61. The number of condo and townhome sales decreased month-over-month at $0 with 0 units sold and 5 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

5 New Listings

0 Sold Listings

1.5

Months of Inventory $0

Median Sale Price 0%

Median Sale vs List

23 Avg Days on Market

Median SalesPrice

Single Family Homes

The median sales price increased from $1 8m in September 2021 to $2 1m in September 2022

Condos & Townhomes

The median sales price decreased from $540k in September 2021 and $0 in September 2022

Single Family Homes

The average days on market increased from 15 days last September 2021 to 33 days by September 2022

Condos & Townhomes

The average days on market decreased from 43 days in September 2021 to 23 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 105 7% last September 2021 to 98 7% a year later

Condos & Townhomes

The overbid percentage decreased from 102 1% last September 2021 to 0% a year later

Piedmont

What's in the Piedmont data?

In Piedmont, the median sold price for single-family homes in September decreased month-over-month to $2.4million. The number of homes sold increased to 13, and the number of new listings increased to 25. The number of condo and townhome sales remained the same monthover-month at $0 thousand with 0 units sold and 0 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

Single Family Homes

25 New Listings

1 Months of Inventory

13 Sold Listings

$2.4M Median Sale Price

96.9% Median Sale vs List

34 Avg Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

New Listings

SEPTEMBER 2021 - SEPTEMBER 2022

NGS FOR SALE VS SOLD LISTINGS

tober2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022

Family Homes

2 months, year-over-year.

tober2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single Family Homes

The median sales price is up from $2 3m from September 2021 to $2 4m on September 2022

Condos & Townhomes

The median sales price has no changes from $0 last September 2021 to $0 on September 2022

Single Family Homes

The average days on market is from 15 days last September 2021 up to 34 days by September 2022

Condos & Townhomes

The average days on market last September 2021 is 0 days to still 0 days on September 2022

Overbids

Single Family Homes

The overbid percentage is up to 116 1% last September 2021 which decreased to 96 9% a year later

Condos & Townhomes

The overbid percentage is from 0% last September 2021 to 0% a year later

Pleasanton

What's in the Pleasanton data?

In Pleasanton, the median sold price for single-family homes in September increased month-over-month to $1.6 million. The number of homes sold decreased to 44 and the number of new listings increased to 127. The number of condo and townhome sales increased month-over-month at $820 thousand with 11 units sold and 43 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

Single Family Homes

127 New Listings

1.9 Months of Inventory

44 Sold Listings

$1.6M Median Sale Price

92% Median Sale vs List

29 Avg Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

43 New Listings

11 Sold Listings

Single Family Homes

Last 12 months, year-over-year. Condos & Townhomes

Median SalesPrice

Single Family Homes

The median sales price is up to $1 5m from September 2021 to $1 6m on September 2022

Condos & Townhomes

The median sales price has increased from $762k last September 2021 to $820k on September 2022

Single Family Homes

The average days on market is from 12 days last September 2021 up to 29 days by September 2022

Condos & Townhomes

The average days on market last September 2021 is 15 days up to 37 days on September 2022

Overbids

Single Family Homes

The overbid percentage is down to 108% last September 2021 which decreased to 92% a year later

Condos & Townhomes

The overbid percentage has gone down from 104% last September 2021 to 91 8% a year later

Richmond

What's in the Richmond data?

In Richmond, the median sold price for single-family homes in September decreased month-over-month to $700 thousand. The number of homes sold decreased to 57, and the number of new listings increased to 191. The number of condo & townhomes decreased month-over-month to $580 thousand, with 7 units sold and 50 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

mily Homes

ntory

57 Sold Listings

$700K Median Sale Price

% List

32 Avg Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

50 New Listings

1.9 Months of Inventory

7 Sold Listings

ly

ownhomes nths,

Median SalesPrice

Single Family Homes

The median sales price is down $706k from September 2021 to $700 on September 2022

Condos & Townhomes

The median sales price has decreased from $595k last September 2021 to $580k on September 2022

AVGDays OntheMarket

Single Family Homes

The average days on market is from 15 days last September 2021 up to 32 days by September 2022

Condos & Townhomes

The average days on market last September 2021 is 20 days to 31 days on September 2022

Overbids

Single Family Homes

The overbid percentage is down to 105 6% last September 2021 which decreased to 99 9% a year later

Condos & Townhomes

The overbid percentage has gone down from 102 2% last September 2021 to 97 8% a year later

San Leandro

What's in the San Leandro data?

In San Leandro, the median sold price for single-family homes in September decreased month-over-month to $815 thousand. The number of homes sold decreased to 42, and the number of new listings increased to 133. The number of condo and townhome sales decreased month-over-month at $585 thousand with 12 units sold and 40 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

mily Homes

ntory

42 Sold Listings

$815K Median Sale Price

% List

33 Avg Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

Median SalesPrice

Single Family Homes

The median sales price is down $900k from September 2021 to $815k on September 2022

Condos & Townhomes

The median sales price has decreased from $595k last September 2021 to $585k on September 2022

Single Family Homes

The average days on market is from 18 days last September 2021 up to 33 days by September 2022

Condos & Townhomes

The average days on market last September 2021 is 18 days up to 27 days on September 2022

Overbids

Single Family Homes

The overbid percentage is down to 108 8% last September 2021 which decreased to 99 8% a year later

Condos & Townhomes

The overbid percentage has gone down from 106 5% last September 2021 to 99 6% a year later

San Lorenzo

What's in the San Lorenzo data?

In San Lorenzo, the median sold price for single-family homes in September decreased month-over-month to $757 thousand. The number of homes sold decreased to 16, and the number of new listings decreased to 38. The number of condo and townhome sales decreased month-over-month at $532 thousand with 2 units sold and 8 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

8 New Listings

2 Sold Listings

3 Months of Inventory $532K Median Sale Price

103.6%

Median Sale vs List 46 Avg Days on Market

Median SalesPrice

Single Family Homes

The median sales price is down $862k from September 2021 to $757k on September 2022

Condos & Townhomes

The median sales price has increased from $530k last September 2021 to $532k on September 2022

Single Family Homes

The average days on market is from 17 days last September 2021 up to 22 days by September 2022

Condos & Townhomes

The average days on market last September 2021 is 8 days up to 46 days on September 2022

Overbids

Single Family Homes

The overbid percentage is down to 105 1% last September 2021 to 97 4% a year later

Condos & Townhomes

The overbid percentage has gone down from 105% last September 2021 to 103 6% a year later

SanPablo

What's in the San Pablo data?

In San Pablo, the median sold price for single-family homes in September increased month-over-month to $665 thousand. The number of homes sold decreased to 14, and the number of new listings increased to 42. The number of condo and townhome sales increased month-over-month at $410 thousand with 5 units sold and 8 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

Single Family Homes

42 New Listings

1.7 Months of Inventory

14 Sold Listings

$665K Median Sale Price

98.7%

Median Sale vs List

38 Avg Days on Market

Data includes all single family, townhome, and condominium sales in Alameda, Albany, Berkeley, Castro Valley, El Cerrito, El Sobrante, Emeryville, Fremont, Hayward, Lafayette, Moraga, Newark, Oakland, Orinda, Piedmont, Richmond, San Leandro, San Lorenzo, San Pablo and Union City sourced from Broker Metrics. Data from sources deemed reliable but may contain errors and are subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE#02029039.

8 New Listings

5 Sold Listings

Family Homes

months, year-over-year. & Townhomes

Median SalesPrice

Single Family Homes

The median sales price is down $647k from September 2021 to $665k on September 2022

Condos & Townhomes

The median sales price has increased from $367k last September 2021 to $410k on September 2022

Single Family Homes

The average days on market is from 15 days last September 2021 up to 38 days by September 2022

Condos & Townhomes

The average days on market last September 2021 is 31 days up to 73 days on September 2022

Overbids

Single Family Homes

The overbid percentage is down to 106 4% last September 2021 to 98 7% a year later

Condos & Townhomes

The overbid percentage has gone down from 100% last September 2021 to 93 5% a year later

Union City

What's in the Union City data?

In Union City, the median sold price for single-family homes in September decreased month-over-month to $1.2 million. The number of homes sold increased to 32, and the number of new listings also increased to 86. The number of condo and townhome sales decreased month-overmonth at $640 thousand with 7 units sold and 23 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.

23 New Listings

7 Sold Listings

gust2022September2022
gust2022

Median SalesPrice

Single Family Homes

The median sales price has decreased from $1 3m last September 2021 to $1 2m on September 2022

Condos & Townhomes

The median sales price has increased from $615k last September 2021 to $640k on September 2022

Single Family Homes

The average days on market is from 12 days last September 2021 up to 26 days by September 2022

Condos & Townhomes

The average days on market is from 17 days last September 2021 up to 24 days by September 2022

Overbids

Single Family Homes

The overbid percentage is down to 112 7% last September 2021 which decreased to 95% a year later

Condos & Townhomes

The overbid percentage has gone down from 104 4% last September 2021 to 99 8% a year later

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