532 30th Street #20 in Oakland, JUST SOLD!

This sexy condo at Oakland’s Uptown/Temescal border, JUST SOLD! This fabulous condo is ideally located at the border of Oakland’s Temescal District & the Uptown Arts & Entertainment District. Just one block from the Commonwealth Cafe & Public House at 29th & Telegraph & walking distance to Whole Foods on 27th & Harrison. Centrally located between 19th Street Bart & MacArthur BART. Close to several freeways, & just minutes from San Francisco. Pier Porrino, Realtor® with Caldecott Properties represented the seller.

SRM Development jumps into Oakland multi-family housing with Temescal apartments

http://www.bizjournals.com/sanfrancisco/blog/real-estate/2014/12/srm-development-building-oakland-housing-temescal.html?ana=twt via @SFBusinessTimes

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 What % of Oakland properties listed for sale in 2010 were withdrawn, cancelled or expired (versus sold)?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2. 43% of Oakland properties were expired, cancelled or withdrawn (2431 of 5642 listings)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