Oakland Real Estate Quiz

Questions:

1. What % of Oakland sales in 2010 were “distressed” (short sales and bank owned)?
    
2. What % of Oakland properties listed for sale in 2010 were withdrawn, cancelled or expired (versus sold)?
    
3. What was the average sales price of an Oakland house in 2006?
    
4. What was the average sales price of an Oakland house in 2010?
    
5. In which area have property values fared the best since 2006?a. Rockridge, Oakland (94618)
   b. Piedmont
   c. Lafayette
   d. Temescal, Oakland (94609)
   e. Berkeley
    f. Alameda

Answers:

1. 51% of Oakland sales were distressed (1629 of 3211 sales)
    
2. 43% of Oakland properties were expired, cancelled or withdrawn (2431 of 5642 listings)
    
3. The average sales price of a single family home in Oakland in 2006 was $632,000.
    
4. The average sales price of a single family home in Oakland in 2010 was $356,000.  This represents a decline in value of 44%, or an average of 11% per year.
5. Area                       2006              2010                   % Change
   Rockridge           $982,000        $882,000          -10.2%
   Piedmont            $1,685,000     $1,406,000     -16.5%
   Lafayette             $1,285,000     $1,057,000     -17.8%
   Temescal             $550,000         $429,000         -22.0%
   Berkeley               $799,000         $728,000        -8.9%
   Alameda               $683,000         $565,000        -17.3%

For more information:

Andy Read
Broker
aread@caldecott.com
510.594.2400 x222