East Bay Home Price Trend Charts
Compass Real Estate economists provide these interesting charts to show ten-year (2015 – 2025) house sale price trends in a few San Francisco East Bay cities — Berkeley, Oakland, El Cerrito and more.
There’re more charts where these came from as well as an awesome online flipbook of Bay Area market data for East Bay, San Francisco and Silicon Valley! Just ask.
Insights from Bay Area home sale trends
When is the best and worst time to sell a house? A listing agent may be a contrarian suggesting selling in the season when not everyone else is selling. For example in June and September many agents suggest to home owners that people are more likely to buy in those months. As a result a lot of new home inventory comes on the market. It really depends on what type of home you are selling, what interest rates are like, how unique your home is, and how your agent markets your property.
Will prices in Berkeley and Oakland go up or down in the near future? Ask me for the Berkeley home sales trend chart. Or here’s the short story: It’s rare for Berkeley prices to ever go down. That being said, people who bought during the pandemic and are selling now may find it difficult to profit or even break even if a property doesn’t “check all the boxes.” Ask me about the top 5 boxes home buyers want to check.
Real estate markets are a roller coaster. The Compass real estate trend reports reveal a multi-year roller coaster in inventory, pricing trends, interest rates, and now insurability. However over time, in most parts of the Bay Area, real estate has been an extraordinary investment.
Some home buyers in Berkeley and Oakland have benefitted as other buyers waited on the sidelines. With more inventory, some sellers have cut their price expectations. Wanting to “just get it sold,” buyers are winning.
What would you like to know? Where would you like to buy or sell?
