Average sales price comparison January 2006 vs. 2007 (94619)

Smaller samples create less reliable results, so let's look to the next group of 580/13 neighborhoods in zip code 94619. Average sales price for single family homes in Oakland’s 94619 zip code including parts of the following neighborhoods: Laurel, Redwood Heights, Maxwell Park, Leona Heights, and Allendale.

The most consistent result is the reduction in the number of closed transactions:24 in Jan. 2006, but only 14 in 2007. Average marketing time also reflects what we see in 940602: 28 days in 2006, but 53 days in Jan. 2007. Interestingly, however, the number of home sales as just reported nationally seems to be headed up.
Existing Home Sales Improve in January
Not all commentators agree that these figures represent a real improvement in the housing market.
This is an improvement?
In a reversal of the results we saw in 94602 the average sold price increased slightly in 2007. Closed prices, which slightly exceeded list prices in 2006, were slightly less than more than list prices in 2007. Click on the picture for a larger view of the report.
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