Emeryville Real Estate Summary for July 2015
Introducing a new monthly feature of The E’ville Eye assembled by local REALTOR® Leo Peak. Leo will cover local trends in the Emeryville residential Real Estate market by spotlighting sales and other market conditions for prospective residents. This data should also be useful to current residents looking to monitor their investments. Follow Leo on twitter @leopeak or visit leopeak.com.
The Emeryville real estate market experienced a hot start to the summer selling season, with a total of 23 homes sold in May, 19 homes sold in June and 15 homes sold in July.
*Data based on all studio, 1 & 2 bedroom condos and townhomes sold in Emeryville, CA in July 2015 (excludes BMR units). Information contained herein is deemed reliable, but not guaranteed.
MONTH OVER MONTH TRENDS:
Average Sold Price: May – June – July
Average List Price: May – June – July
Number of Homes Sold: May – June – July
The significantly higher list and sales prices of June were attributed to the 10 two-bedroom homes sold that month, versus three in July. Overall, July had a well balanced variety of homes available and sold, which included three 2-bedrooms, eight 1-bedrooms, and four studio homes. An average of 15 days on the market continues to prove a strong demand with low inventory.
SPOTLIGHT HOMES OF THE MONTH:
This month’s spotlight homes are two lofts – one in a newer building and the other in a restored warehouse space. While they share the style, openness and light-filled attributes, the two homes are pretty unique in their own right.
Listed By: Abigail B. Wentworth, Redfin
4053 Harlan Street #212 is a large, 1,190 square foot 2 bedroom, located in the historic Besler building. Each bedroom features its own bathroom and loft space. Even with the modern, open feel of the space, you can find more traditional details such as wainscoting and a claw foot tub! Floor to ceiling windows add a wow factor.
The Besler Building is comprised of 51 live/work lofts, featuring industrial finishes throughout, including a freight elevator. It used to be a former early 20th century steam-powered car manufacturing plant.
Listed By: Unhei Kang, The Grubb Co. Inc.
5855 Horton Street #718 is a modern loft in the Terraces at EmeryStation. Graced with an entire wall of windows, residents get views of downtown Oakland and the bay. Unlike many of the newer loft-style townhomes, this particular home in the Terraces has a wider floor plan. The complex offers shared amenities including a gym and sauna. For some, the location is the main draw, but for others, it could also be the main detractor! The Terraces at EmeryStation is situated right next to the Amtrak station and less than half a mile to the I-80 on-ramp.
The Terraces at EmeryStation was completed in 2003, and fulfills the residential housing element of the EmeryStation transit village. There are 101 traditional and loft-style condos within 5 stories, above a parking garage with 800 spaces.
SALES BY LOCATION:
For purposes of identifying sales by location, we have divided Emeryville into three parts:
Area A (North of Powell): 3 one-bedroom homes for a total of 3 sales.
Area B (South of Powell): 1 one-bedroom condo, and 2 two-bedroom homes for a total of 3 sales.
Area C (West of I80): 4 studios, 4 one-bedroom and 1 two bedroom homes, for a total of 9 sales.