Emeryville Real Estate Market Report: October 2017
20 homes were sold in Emeryville in October after a slow September where only 14 homes were sold. Homes sold over asking price by an average of 6.96%.
Historically, Real Estate transactions start to taper off in the fall due to the holidays and colder, wetter temperatures. In my professional experience, home-shopping in fall can be a great time for a prospective buyer as there is less competition and homes tend to stay on the market slightly longer. We also tend to see more price reductions.
By The Numbers:
Types of Homes Sold:
The number of homes sold for September increased compared to last month with 20 homes sold.
Studios & 1 Bedroom Homes:
The number of 1 bedroom and studios sold increased from 5 to 11.
2 Bedroom Homes:
The number of 2 bedroom homes sold increased from 8 to 9.
3 Bedroom + Homes:
There were no single family homes sold in October.
Median Sales Price vs. Median List Price:
Both Median Sales price and Median List price decreased in October with the sales price dipping from $599K to $571 and the list price dropping a substantial $112K.
Average Days on Market:
The Average Days on the Market for Emeryville homes decreased slightly from 25.2 to 23.7.
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: 4 Homes Sold.
East Emeryville: 2 Homes Sold
West Emeryville: 10 homes Sold