Posted to: Berkeley

The East Bay market- it’s on fire!!

It’s hot, hot, hot! Despite what the media has portrayed over the past 6 months, our market still has its game.

  • Last week a 2 bedroom/1 bath home in El Cerrito had 8 offers.
  • Two weeks ago a condo in North Oakland had 5 offers.
  • This week a 2 bedroom/1 bath home in the Berkeley Hills had 16 offers.
  • Next week? I predict multiple offers on a tiny house on Everett in El Cerrito and even more offers on a “deluxe fixer” in Rockridge.
  •  

Bubble? Not in my hood!

But isn’t this what happens every Spring? Part of understanding where we are is looking at where we have been. Let’s look at the number of solds over the last 3 years:

…………..Feb …..Mar …..Apr ……May
2005 ……256 ……406 ……437 ……435
2006 ……226 ……306 ……356 ……366
2007 ……194

March and April are generally peak times in the market. But why now? Why in the midst of foreclosures and lower sales are we still seeing multiple offers? Because the buyer’s never left. And the money is still cheap. And it’s the Bay Area, land of…well…no land.

Discussion

No comments for “The East Bay market- it’s on fire!!”

Post a comment

Welcome to East Bay Living Real Estate

Hi friends! We are Krista + Rosie, the brains behind the East Bay Living website. Powered by Berkeley Hills Realty we are a top producing real estate team working {and having fun} in Berkeley, Oakland and the surrounding areas. From buying + selling to DIY + home decor to plumber + gardener recommendations we are your one-stop-shop for all things real estate.

Recent Posts

New Listing: 1086 Spruce, Berkeley Hills
June 4, 2017
By Krista Miller
Albany and Berkeley Make the “Best of” Charts
May 9, 2017
By Krista Miller
How Following Zillow’s “Best Time to List” Tool Could Hurt You
April 25, 2017
By Krista Miller
3405 Wisconsin, 3 beds + 2 baths in the HOT Laurel District
April 6, 2017
By Krista Miller
A Historical Tour of San Pablo Park, Berkeley
March 25, 2017
By Krista Miller

Archives