This always seems to happen around the first of the year. In the East Bay, there’s a line of Buyers from here to San Francisco, and very few homes on the market. It goes back to the old adage of waiting til Spring to put your house on the market. But actually, there’s enormous competition on any Berkeley/Oakland homes on the market right now. And prices for the most part are far above what they were in 2007!
In fact, I just listed a 1 bedroom condo in Old Oakland at 585 Ninth Street (www.585Ninth452.com). I thought we would probably get a few offers. We got 11! And it went over $80,000 above the list price! A condo!
The same is happening on whatever houses there are on the market right now. So if you have an inkling yourself about moving …. Or you know a neighbor or friend thinking about moving, do give me a call: 510 847 2409.
For an update on how much your home is worth on the market, just give Barbara Reynolds a call: 510-847-2409.