subject: Oakland Real Estate Market Comparison Report (march 2009 Vs. March 2010) [print this page] We analyze several housing market indicators in order to present an in-depth breakdown of Oakland Real Estate Market comparing March 2009 to March 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.Sellers received over asking price.
Key Statistics, Oakland, CA: Median Sales Price (34.49%), Median Days on Market (-28.95%), and Number of Units Sold (-23.32%), Sales Price to List Price Ratio (March 09 99% - March 10 101%)
Oakland Real Estate
The city of Oakland experienced a 34.49% increase in median sales price from last year going up from $251,680 (March 09) to $338,488 (March 2010). Median days on market data for Oakland show that houses are selling faster than March 09. It took 51 days in March 09 for a house to sell and for March 10 that number has gone down to 36 days (a 28.95% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 343 units were sold compared to 263 for March 10 (-23.32% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Oakland. SP/LP ratio for March 09 was 99% compared to 101% for March 10.
Lets take a brief look at neighbors Danville and Dublin. Danville Real Estate featured a 1.78% increase in median sales price ($741,452 March 09 - $754,643 March 10) and Dublin Real Estate saw a 1.90% increase ($497,301 March 09 - $506,743 March 10). Are houses in Danville and Dublin selling faster or slower this year? Well, Danville experienced a 58.41% decrease (104 to 43 days) in median days on market and Dublin saw a 66.66% decrease (63 to 21 days). In the units sold category, Danville sold 25 units more (65.79%) in March 2010 than 09 and Dublin sold 14 units more (32.56%) in March 2010 than March 09.
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