Emeryville Real Estate Market Report: August 2017
The Emeryville Real Estate Market in August seems steady compared to July. Even though the number of sold properties stayed at 15, prices edged slightly higher.
The outlier was a beautiful loft on Ocean Avenue, that went 8% over asking and was sold within 5 days. Noticeable is the difference when it comes to Days on Market. Emeryville shows a wide spread with the least Days on Market being 5 days and the longest being 45 days. Emeryville is still very desirable with its proximity to San Francisco and comparative low prices. The market is still a strong seller’s market and if you’ve been on the fence, it might be a great time to sell.
By The Numbers:
Types of Homes Sold:
The number of homes sold for August remained flat compared to last month at 15 homes sold.
Studios & 1 Bedroom Homes:
The number of 1 bedroom and studios sold decreased from 11 to 9.
2 Bedroom Homes:
The number of 2 bedroom homes sold increased from 4 to 5.
3 Bedroom + Homes:
Only a single 3 bedroom home was sold in Emeryville in August up from 0 in July.
Median Sales Price vs. Median List Price:
Median Sales price increased from $543K to $565K. Median List price also increased from $494K to $565K.
Average Days on Market:
The Average Days on the Market for Emeryville homes increased from 13.9 to 20.6.
Sales By Location:
For purposes of identifying sales by location, we have divided Emeryville into four geographic areas.
North Emeryville: 4 Homes Sold.
South Emeryville: 3 Homes Sold.
East Emeryville: 6 Homes Sold
West Emeryville: 2 homes Sold