Oakland Real Estate Market Comparison Report (february 2009 Vs. February 2010)

We analyze several housing market indicators in order to present an in-depth breakdown

of Oakland Real Estate Market comparing February 2009 to February 2010.

Summary of Key Points

Oakland Real Estate has started showing signs of improvement with median sales price climbing up while at the same time houses are selling faster

Key Statistics, Oakland, CA: Median Sales Price (24.02%), Median Days on Market (-32.14%), and Number of Units Sold (-21.26%), Sales Price to List Price Ratio (Feb 09 97% - Feb 10 101%).The market progressed on all fronts. Prices Up, median days on market down and sellers received more than asking price. Drop in units sold is a state wide phenomena and is related to drop in bank REOs and delayed processing by lenders on short sales.

Oakland Real Estate

The city of Oakland experienced a 24.02% increase in median sales price from last year going up from $220,619 (Feb. 09) to $273,617 (Feb. 2010). Median days on market data for Oakland shows that houses are selling faster than Feb 09. It took 60 days in Feb 09 for a house to sell and for Feb 10 that number has gone down to 40 days (a 32.14% improvement). Another important factor to consider is total number of units sold. In the month of Feb 09, 254 units were sold compared to 200 for Feb 10 (-21.26% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Oakland. SP/LP ratio for Feb 09 was 97% compared to 101% for Feb 10.

Lets take a brief look at neighbors Danville and Dublin. Danville Real Estate featured an 11.92% decrease in median sales price ($778,819 Feb 09 - $685,961 Feb 10) and Dublin Real Estate saw a 0.87% increase ($470,952 Feb 09 - $475,060 Feb 10). Are houses in Danville and Dublin selling faster or slower this year? Well, Danville experienced a 61.31% decrease (72 to 28 days) in median days on market and Dublin saw a 59.59% decrease (61 to 25 days). In the units sold category, Danville sold 12 units more (60.00%) in Feb 2010 than 09 and Dublin sold 5 units more (16.67%) in Feb 2010 than Feb 09.

Consult latest research and find Homes in all major cities in California including Oakland Real Estate, Danville Real Estate, Dublin Real Estate.

You can also access Oakland Real Estate for viewing the latest market inventory

Homes for sale for MLS Search,

Bank REO / Short Sale Search

Foreclosure Search ( Outside MLS)

Just Listed Properties

Income Properties (1-4 units)

Condo searches

New Construction Homes

In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.

by: Shaye P

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