Emeryville Real Estate Market Report: March 2016
The March Emeryville Real Estate market activity could be a preview for what’s to come in the hottest selling season of the year. Median sales prices increased a whopping 54.7% from $364,000 in February to $540,000 in March. The number of homes sold increased, the average days on the market decreased, the number of studio and 2 bedroom homes increased, and homes sold for 8.5% over the list price compared to 4.5% in February. There were also significant increases in the median sales prices of 1 and 2 bedroom homes, with increases of $141,000 (37%) and $180,000 (30%) respectively.
There were four studio homes that sold in March. Sales prices ranged from $285,000 to $475,000, with a median sales price of $305,500. These studios ranged from 432 to 802 square feet and were on the market for an average of 18 days. A total of seven studio homes have sold this year compared to zero in 2015 from January to March.
1 Bedroom Homes
Six homes sold were 1 bedrooms, ranging from 629 to 1,336 square feet. Sales prices of these homes ranged from $340,000 to $640,000, with an average of 15 days on the market. The median sales price increased from $377,000 in February to $518,000 in March.
2 Bedroom Homes
Five 2 bedroom home sold in March. Homes ranged from 1,224 square feet to 1,892 square feet. Sales prices ranged from $705,000 to $865,000, with an average of 12 days on the market. The median sales price increased $180,000 in March to $775,000.
Sales By Location
For purposes of identifying sales by location, we have divided Emeryville into 3 parts:
Area A (North of Powell): 0 studios, 3 one-bedrooms, and 3 two-bedroom homes, for a total of 6 sales.
Area B (South of Powell): 1 studio, 2 one-bedrooms, and 2 two-bedroom homes, for a total of 5 sales.
Area C (West of I-80): 3 studios, 1 one-bedroom, and 0 two-bedroom homes, for a total of 4 sales.
Homes of the Month
4260 Halleck Street is a large, 2 bedroom, 1.5 bath condo in the Blue Star Corner complex. This home is 1,892 square feet and features an upgraded kitchen, loft mezzanine, sauna, and outdoor patio.
4260 Halleck Street was listed at $795,000 and sold for $865,000 with 5 offers. This home was on the market for only 12 days.
Blue Star Corner is a multiple award-winning, LEED Certified project completed in 2007. Built by David Baker Architects and Holliday Developments, the community is comprised of 20 modern townhomes, inspired by Dutch rowhouses and British garden mews. They feature sustainable elements, including Energy Star appliances, bamboo flooring and drought tolerant landscaping. Each individual home offers a garage and personal outdoor space complemented with shared gardens
1200 65th Street #306 is located in Oliver Lofts. This 2 bedroom, 1.5 bath loft is 1,429 square feet. This home features large ceilings, hardwood floors, in unit washer and dryer, and a catwalk on the 2nd level overlooking the living area. There is a deck off the dining area that looks over the greenway, and a large master bedroom with an upgraded bathroom.
1200 65th Street #306 was listed at $659,000, received 4 offers and sold for $760,000 after only 14 days on the market.
Oliver Lofts is a converted industrial building, formerly serving as the Oliver Tire and Rubber Company’s factory. It was converted in 2002 into 50 residential units. Designed by NHP Architects, Oliver Lofts features modern preferences like open floor plans, high ceilings and skylights, while maintaining the original charm of the building, as seen in the restored freight elevator. The building has secured entry and some of the units feature patios. Shared amenities include a landscaped courtyard and rooftop deck.