Emeryville Real Estate Market Report: April 2016
The Emeryville real estate market was picking up some steam in March, but slowed down a bit in April. There were decreases in the median sales price and the number of homes sold, plus an increase in the average time on the market.
On the upside, homes continued to sell over asking, although median sales prices decreased from $540,000 in March to $485,500 in April with an average of 19 days on the market. The number of homes sold also decreased from 15 in March to 10 in April. This year, there have been a total 45 homes sold versus 38 during the same period in 2015.
There were two studio homes that sold in April. Sales prices were $320,000 and $530,000. These studios were 432 and 893 square feet, respectively and were on the market for an average of 5 days. A total of nine studio homes have sold this year compared to three from January through April in 2015.
1 Bedroom Homes
Three homes sold in April were 1-bedrooms, ranging in size from 622 to 965 square feet. Sales prices of these homes ranged from $352,000 to $615,000, with an average of 11 days on the market. The median sales price decreased from $518,000 in March to $469,000 in April. This year, a total of 22 one-bedroom homes have sold, compared to 19 the same time last year.
2 Bedroom Homes
Five 2-bedroom homes sold in April. They ranged from 642 square feet to 1,823 square feet with sales prices from $320,000 to $789,000 and an average of 31 days on the market. The median sales price decreased 8.3% from the previous month to $710,000. So far this year, a total of 14 two-bedroom homes have sold, compared to 16 in January through April of 2015.
Sales By Location
For purposes of identifying sales by location, we have divided Emeryville into 3 parts:
Area A (North of Powell): 0 studios, 2 one-bedrooms, and 4 two-bedroom homes, for a total of 6 sales.
Area B (South of Powell): 1 studio, 0 one-bedrooms, and 0 two-bedroom homes, for a total of 1 sale.
Area C (West of I-80): 1 studio, 1 one-bedroom, and 1 two-bedroom home, for a total of 3 sales.
Homes of the Month
75 Glashaus Loop is a 2 bedroom, 2.5 bath townhome in the Glashaus complex. This home features hardwood floors throughout the living room and kitchen, 2 bedrooms on the upper level, and great lighting throughout the home.
75 Glashaus Loop was listed at $699,000 and sold for $745,888. This home was on the market for 16 days.
Glashaus was designed by East Bay architect, Kava Massih and built by Pulte homes. It originally began selling in 2006-2007. The project is comprised of two sections: Glashaus Townhomes and Glashaus Podium. The townhomes section is comprised solely of 3 level, 2 bedroom units with their own attached garages, while the podium units consist of studio, one and two bedroom condos and townhomes with assigned parking spaces in the shared public/private garage below the podium.
5855 Horton Street #726 is a 2 bedroom, 2 bath home in the Terraces Complex. This home boasts a whopping 1,823 square feet, high ceilings, a deck off of the living room and a bright open floor plan fit for entertaining.
5855 Horton Street #726 was listed at and sold for $789,000. It was on the market for 33 days.
The Terraces at EmeryStation was completed in 2003, and is composed of 101 traditional and loft-style condos within 5 stories. Residences sit above a parking garage with 800 spaces. The building features several amenities including: a fitness center, saunas, clubhouse, movie theatre, business center and conference room.