Yes, I know it's hard to believe, but the average sales price appears to be rising, not falling. Also suprising is the fact that the average closed price was
higher than list for Jan. 2007, but
lower in Jan. 2006. Sales volume is drastically down compared to a year ago: 22 homes sold in Jan. 2006, but less than half that amount sold in Jan. 2007. The average marketing time (DOM) for properties also lengthened significantly from 38 days of the market to 56 days; a 47% increase. What's going on? I have some ideas and will explore them in other articles, but I welcome your insight as well.
Average sales price for single family homes in Oakland’s 94602 zip code including parts of the following neighborhoods: Dimond (sometimes mistakenly called Diamond), Laurel, Glen View, Oakmore, Temple Hill, Lincoln Heights, and Redwood Heights.
CLICK ON THE PHOTO FOR A LARGER VIEW:
2006 Report
2007 Report:
This information is based on reported sales in the local MLS database. It is believed to be generally reliable, but there are no guarantees. Please contact me directly for a report on a more narrowly defined area or a specific evaluation of your home’s market value.
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