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December 2024 - Greater Bay Area - Market Update

December 2024 - Greater Bay Area - Market Update

 
Proxima Realty - Market Update December 2024
 
December Market Update
 
A Festive Season of Opportunity
 
As December unfolds, we celebrate a season of light, joy, and togetherness. From Christmas and Hanukkah to Kwanzaa and other cherished traditions, this month reminds us of the importance of home and community. In the real estate market, there’s reason to celebrate as well: we’ve noticed the anticipated uptick in transactions following the election, signaling renewed confidence and activity.
 
December Market Highlights:
 
Increased Transactions: Post-election stability has encouraged more buyers and sellers to re-enter the market, leading to a busier-than-usual holiday season for real estate.
 
Favorable Conditions: Slight declines in mortgage rates and steady demand have created opportunities for both buyers and sellers to achieve their goals before the year ends.
 
A Strong Start to the New Year: Current trends suggest a positive momentum carrying into January, making this a strategic time for those considering a move.
 
Tips for the Holiday Market:
 
For Sellers:
 
If your property is currently on the market, leverage the festive season to make your home shine! Thoughtful touches like warm lighting, seasonal greenery, and inviting décor can create an emotional connection with buyers.
 
If you are looking to sell in 2025, now is the time to prepare your home. The market will take off after the Lunar New Year but we don't know how long that bounce will last. Make sure you are first on the market for the season's most energized buyers!
 
For Buyers:
 
While the holidays may feel busy, acting now can help you secure a great property before the New Year. The quieter market also means less competition and more room for negotiation.
 
To prepare for next year, make sure your preapproval is up to date and take a another look at your budget!
 
Celebrating Home and Community:
 
This time of year is about more than real estate; it’s about the joy of gathering and creating memories. Whether you’re lighting the menorah, exchanging gifts, or reflecting on the year past, your home is at the heart of these celebrations.
 
As we close out the year, I want to thank you for letting us be part of your journey. It’s an honor to help you find the space where you can create lasting traditions. Wishing you and your loved ones a wonderful holiday season filled with peace, happiness, and hope for the year ahead!
 
- Tia Hunnicutt, LIC #01840070
EVENTS!!
Bay Area Market Data
San Francisco
Median Sale Price
$1,325,000
$1,450,000 last month
 
List vs Sold Price
104%
108% last month
 
Sold Listings
462
487 last month
 
New Listings
303
575 last month
 
 
Listing Volume for San Francisco
Oakland
Median Sale Price
$805,000
$810,000 last month
 
List vs Sold Price
105%
108% last month
 
Sold Listings
398
501 last month
 
New Listings
335
586 last month
 
 
Listing Volume for Oakland
Livermore
Median Sale Price
$1,060,000
$1,150,000 last month
 
List vs Sold Price
101%
102% last month
 
Sold Listings
100
172 last month
 
New Listings
71
140 last month
 
 
Listing Volume for Livermore
San Jose
Median Sale Price
$1,438,000
$1,400,000 last month
 
List vs Sold Price
104%
unchanged from last month
 
Sold Listings
970
1053 last month
 
New Listings
702
1133 last month
 
 
Listing Volume for San Jose
Sacramento
Median Sale Price
$473,931
$510,000 last month
 
List vs Sold Price
100%
unchanged from last month
 
Sold Listings
265
349 last month
 
New Listings
328
420 last month
 
 
Listing Volume for Sacramento
Why winter is a great time to be buyer and seller
The real estate market, like the seasons, experiences its own ebbs and flows. While spring and summer are traditionally considered the “hot” seasons for buying and selling property, the winter market offers unique opportunities that savvy individuals can capitalize on.
How to navigate the winter market
The real estate market, like the seasons, experiences its own ebbs and flows. While spring and summer often bring a flurry of activity, winter tends to see a slowdown. But don't let the frosty air cool your real estate goals! This perceived “off-season” can actually present unique opportunities for both buyers and sellers. With the right strategies, you can gain a competitive edge and achieve your property aspirations even as the temperature drops.
Early preparation will set you up for success
As we enter winter and focus on the coming seasonal celebrations, it's worth sparring a thought for spring if you're planning to sell your home in the near future.
Spring is traditionally the busiest time of year in the property market. Buyers will be out in force, eager to find their dream home. To gain a competitive advantage in this bustling market, proactive preparation is key.
Featured Oakland Listings

1432 12TH ST

OAKLAND

6  bedrooms Separator 4  bathrooms Separator 1,918  sqft

$939,000

This recently renovated, West Oakland duplex boasts a full three bedrooms and two baths in each unit. An outstanding opportunity for an owner occupant or for an investor offering spacious living quarters with a touch of old-world charm. Featuring original architectural details, ample natural light, new kitchens and bathrooms and a convenient location, this property is perfect for those seeking both character and modern comfort. Upgrades include: completely rebuilt front steps, new washer/dryer, new stove, refinished tub, new shower/tub tile, new light fixtures, new kitchen countertops, new dishwasher, new shower door installed, new dehumidifiers installed with continuous drainage to outside, new exterior foundation slab waterproofing added, installation of drought tolerant patio and trees), new steel privacy door/gate, new wooden gate. EV car charger and Sewer compliant! Offering memorandum available by request.
Request A Private Showing

5729 BUENA VISTA AVE

OAKLAND

1  bedroom Separator 2  bathrooms Separator 900  sqft

$1,010,000

This stunning 1+bed, 2 bath cottage in one of Oakland's most desirable neighborhoods is a serene retreat nestled in the beauty of the hills. Newly constructed in 2002, this architectural gem features exposed beam ceilings, abundant natural light, radiant, heated tile floors throughout, off-street parking, and an additional room and bathroom below with a separate entrance. Perfect for relaxation and for entertaining, the entryway features French doors which open into a private, sun-filled courtyard. Once inside, soak in the extraordinary design elements of this contemporary masterpiece. The gourmet kitchen features a clever use of space in order to offer plenty of cabinet space for even the most discerning chefs. A true oasis, the upstairs bathroom features marble tile throughout, updated fixtures, and radiant tile floors. The primary bedroom is endowed with impeccable natural wood design elements and lovely verdant views of downtown Oakland/San Francisco Bay. Find yourself in nature as directly outside of the bedroom a lovely yard reveals itself. Enjoy access to excellent public/private schools, and proximity to Claremont Country Club, Temescal Regional Recreation Area, and numerous other local and regional parks. Savor the Rockridge, Piedmont, and Elmwood nightlife/shopping.
Request A Private Showing
Featured Vallejo Listing

216 PHELAN AVENUE

VALLEJO

3  bedrooms Separator 2  bathrooms Separator 1,223  sqft

$500,000

A lovely bungalow features modern amenities. This home features a spacious primary suite with an open sitting area and a luxurious soaking tub with jets. The kitchen boasts granite counters, a gas stove, tile flooring, and stainless steel appliances. Enjoy a cozy dining area flooded with natural light, laminate flooring throughout the main living areas, dual pane windows, and central heat and air conditioning. Additional highlights include a bonus room and a loft above the bedroom. Outside, discover a serene and low-maintenance backyard perfect for relaxation and entertaining. It features a deck off the primary suite, a cement patio, and a storage shed. Located conveniently close to the I-80 freeway, public transportation, and the Vallejo Ferry, this home offers both comfort and convenience.
Request A Private Showing
Rental Opportunities
2662 Merritt Ave Unit 1/2
San Pablo, CA 94806
 
Rent: $2150 / Month
Deposit: $2150
Lease Terms: Monthly
 
Nestled in a peaceful setting, this charming small cottage offers cozy living with modern comforts. Step into a welcoming open-concept layout that blends rustic charm with updated finishes. The kitchen features all-new stainless-steel appliances, including a high-efficiency refrigerator, stove, dishwasher, and all-in-one laundry providing a seamless at-home experience. Light-filled rooms with tasteful finishes throughout create a warm and inviting atmosphere, while thoughtful updates ensure comfort and convenience. The surrounding yard offers ample gardening, relaxing, or outdoor entertaining space. This lovely cottage combines the charm of traditional design with the ease of modern amenities—perfect for tranquil living in the Bay Area.
10100 Walnut Street
 
Rent: $2500 / MO
Deposit: $2000
Lease Terms : One Year
Community-style neighborhood, gated, with one dedicated parking spot. Washer and dryer in each unit. Professionally managed for all tenant's needs. Renters insurance is required. The owner pays for water and garbage.
 
2 Bedrooms • 1 Bath • 777 sq ft.
10100 Walnut Unit 3
 
Rent: $4000 / MO
Deposit: $3500
Lease Terms : One Year
Community-style neighborhood, gated, with one dedicated parking spot. Washer and dryer in each unit. Professionally managed for all tenant's needs. Renters insurance is required. The owner pays for water and garbage.
 
4 Bedrooms • 1 Bath • 1050 sq ft.
Bakery/Manufacturing/Kitchen Space
7972 Capwell Drive Oakland, CA
 
$6500 / 3600ft2
 
COMMERCIAL SPACE FOR LEASE - (Oakland East) Coliseum, Oakland CA
Rent period: Monthly
Fractional Ownership Opportunity
Strawberry
  • $18,000,000
  • $2,250,000 • 1/8
  • Mill Valley, CA
  • 5 Beds | 5 Baths | 5,775 sqft
 
Tia Hunnicutt
Broker
 
Lic# 01840070
All information deemed reliable but not guaranteed. If your property is listed with a real estate broker, this is not a solicitation of brokerage services. Tia Hunnicutt, License 01840070, Proxima Realty.
 
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