Just like the extreme variation in micro weather climates from one side of the bridge/hill/tunnel compared to the other side,  extremes in Real Estate “conditions” exist in many parts of the Bay Area.

What’s true in Oakland’s Real Estate market is also true in San Francisco & the Peninsula.   As Arn Cenedela, a Coldwell Banker Realtor in Menlo Park wrote yesterday, The SF Chronicle finally gets a real estate article right !  “The market above about $800,000 market is strong. Below $700,000; the market is weaker.”

The same is happening in Oakland though the “tipping point” is about $600K.
Altos Research states “There are about 1,375 properties on the market in OAKLAND as of January 06 2008″ compared to roughly 650 on Jan 8, 2007.

The climate in Rockridge is very much the same as it was in Jan ‘07.  Currently 13 homes on the market in 94618 compared to 15 at the beginning of 2007. 

Stay tuned for the local forecast!