12 month Oakland and Berkeley Real Estate Market Recap

We are now in our Fall real estate season.  Homeowners who have waited all summer to list their properties and are now trying to sell, before winter. .  I am seeing “cream-puff” properties, (homes that have it all: vintage details in tact, great flow, structurally sound, lush landscaping, stable neighborhoods and are priced right) sell quickly.  Other homes that need work, are over-priced and that are not presented well to the market seem to sit on the market.
Buyers can be very cautious about neighborhood, property condition and their future space needs. Beyond that unless a buyer has all cash, a home needs to appraise.  An appraiser is an independent person who analyzes a property, neighborhood and recently sold homes to determine if a home is worth the purchase price.  They are the eyes to the bank who is providing the loan to the buyer.
As a seller it can be difficult realizing your home is not worth what it was 1,2,or 5 years ago, but you have to price it carefully to gain the attention it deserves.  Speaking of pricing and analyzing comparable sold data, Red Oak has proprietary data for our clients.  My sellers are also able to study custom graphs scrutinize number of units sold, median pricing, average days on market and more.  What makes the data available to me different from my competitors is: neighborhoods are broken down into real neighborhoods, not just zip codes. I can access data on various square footage, bathroom count, select time or just one Thomas Brother Map Code. The possibilities are endless. Red Oak as a company scored a great coup, with the addition of Aman Daro, our Director of  Media.  I am fortunate enough to partner with him on all of my listings.  See my Bay Area recap on the next page, but please call or email me with your questions, I am happy to chat with you about your property.   – Deidre 510.693.4253

DOM= Days on Market (Click on the chart to enlarge)

 

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