The highest price for a single family home in Oakland California since records became available in 1996. A beautiful French Normandy built in 1999, designed by Architect Mark Becker.  Five Bedrooms, Four and a half baths, 6,100 sq ft on over a half acre with spectacular Bay Views.  Offer accepted within two weeks.         Link for Virtual Tour 

List below has details for homes in Piedmont, Rockridge, Montclair & Crocker/Lakeshore which Sold or went Pending April 1-12, 2009.*

* Single Family, >$500K

As I walked in the door the agent listing this 2 BR/1 Ba home in Lincoln Heights described the “green” renovations done by the seller….tankless hot water heater, thermal pane windows, etc. ….wonder if that’s why the bathtub was moved to the back deck???

The tub and 1080 sq ft of living space can be yours for $629,000.

Bay Area Real Estate stats and numbers can be interpreted any number of ways.  As a Buyer or Seller,  geo- microtargeting is key.  Looking closely at the most recent sales in the specific neighborhood is the best way to determine the value of a home.

Buyers gain confidence determining “value” AFTER finding a home you can picture as theirs……. but don’t buy.   Once you learn what the new owners paid for it you’ll be ready to purchase your “dream home” at market value. 

ACTUAL 

In Oakland/Piedmont fewer homes are sold this year than last, but listings are down so inventory levels haven’t changed significantly in desirable neighborhoods.

In Rockridge, Crocker Highlands, Montclair, Oakmore & Temescal  well priced homes in all price ranges are getting multiple offers (and selling for over the asking price) IF the home is in great condition and priced well.  

10/4/07  Temescal, List Price $649K

3 BR/1Ba Craftsman Bungalow, 1300 sf

 Offer accepted in 8 days (>$700K)

9/15/07  Piedmont, List Price $7.8M

7 BR, 7++Ba Contemporary, 2 1/2 acres, pool & tennis courts

Offer accepted  in 7 days.

9/18/07   Upper Rockridge, List Price $1.049M

3 BR, 2 1/2 Ba, Contemporary built in 1998.  Offer accepted in 3 days!

10/5/07 Piedmont Ave Neighborhood $772K

3 BR, 2 BA Craftsman, 4100 sq ft lot sold in 8 days for $825K

The California Association of Realtors said sales of
existing homes in the state slumped 22.7 percent in July compared with
July 2006.

CAR said sales of existing homes in the state slumped 22.7 percent in July compared with
July 2006.

In Oakland neighborhoods in zip codes 94602, 94610, 94611, 94618, which includes Glenview, Oakmore, Montclair, Rockridge and  Piedmont Ave saw an increase in sales of single family homes in July 2007 compared to July 2006.

July 06, there were 81 sales

July 07, there were 93 sales

The condominum market shows 22 sales in July 06, compared to 21 in July 07