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