Local Real Estate Market* Update, 4th Quarter 2020
Updated: Jan 4, 2021
937 homes were sold during the quarter ended December 31, 2020, up 30% from the 721 sold in the same period last year. The median price jumped 13% to $1,250,800, up from $1,106,000 in the same period last year as buyers in search of more space and outdoor living rushed to the East Bay. Properties sold in 18 days on average during the current quarter, much faster than 22 days in the same quarter last year. At the date of this newsletter, there were148 homes available for sale (2 weeks of inventory) compared to 81 homes at this time last year.
*detached homes over $450,000 in Albany, Berkeley, El Cerrito, Kensington, Piedmont and Oakland zip codes 94602, 94605, 94608, 94609, 94610, 94611, 94612, 94618, 94619. Based on information from the MLS as of January 3, 2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information