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November 2024 - Greater Bay Area - Market Update

November 2024 - Greater Bay Area - Market Update

 
Proxima Realty - Market Update November 2024
 
 
November Market Update
 
A Season of Gratitude and Growth!!
 
As Thanksgiving approaches, we’re reminded of the importance of gratitude—whether it’s for family, friends, or the comforts of home. This season also brings exciting news for the housing market: the election is behind us, and the market has picked up dramatically. With renewed consumer confidence and reduced uncertainty, we’re seeing a noticeable increase in market activity.
 
Post-Election Market Insights:
 
• Increased Buyer Activity: Historically, housing markets gain momentum after elections as economic and policy directions become clearer. This year is no exception, with more buyers entering the market and competing for available homes.
 
• Slightly Lower Mortgage Rates: Post-election stability has led to a minor decline in mortgage rates, improving affordability for buyers and increasing purchasing power.
 
• Higher Home Prices: As demand surges, sellers are benefiting from more competitive offers, pushing home prices upward in many markets.
 
Tips for Navigating the Market:
 
For Buyers:
This is an ideal time to act before year-end. With increased inventory and stable rates, you can find opportunities to secure your next home while leveraging post-election confidence.
 
For Sellers:
Buyers are highly motivated, especially as they aim to settle into new homes before the holidays. Showcase your property with seasonal staging—warm, welcoming décor and cozy touches can make all the difference.
 
What We’re Thankful For:
 
This Thanksgiving, we’re grateful for the trust you place in us to guide you through your real estate journey. It’s a privilege to help you find a home that brings comfort and joy to your family.
 
Whether you’re buying, selling, or simply exploring your options, I’m here to help you every step of the way. Wishing you and your loved ones a wonderful Thanksgiving filled with warmth, laughter, and gratitude.
 
- Tia Hunnicutt, LIC #01840070
San Francisco Market Data
Median Sale Price
$1,336,250
$1,450,000 last month
 
List vs Sold Price
104%
108% last month
 
Sold Listings
440
487 last month
 
New Listings
308
601 last month
 
 
Listing Volume for San Francisco
Oakland Market Data
Median Sale Price
$805,000
$820,000 last month
 
List vs Sold Price
105%
108% last month
 
Sold Listings
389
497 last month
 
New Listings
344
608 last month
 
 
Listing Volume for Oakland
Livermore Market Data
Median Sale Price
$1,060,000
$1,150,000 last month
 
List vs Sold Price
100%
102% last month
 
Sold Listings
98
172 last month
 
New Listings
77
148 last month
 
 
Listing Volume for Livermore
San Jose Market Data
Median Sale Price
$1,440,000
$1,400,000 last month
 
List vs Sold Price
104%
unchanged from last month
 
Sold Listings
937
1051 last month
 
New Listings
709
1161 last month
 
 
Listing Volume for San Jose
Sacramento Market Data
Median Sale Price
$475,000
$510,000 last month
 
List vs Sold Price
101%
100% last month
 
Sold Listings
243
347 last month
 
New Listings
338
432 last month
 
 
Listing Volume for Sacramento
How to create a festive and inviting space for holiday gatherings
Thanksgiving is a time for family, friends, and gratitude. Celebrate this special occasion by creating a warm and inviting space in your home for Holiday gatherings! Here are some tips to help you transform your home into a festive haven this Thanksgiving
The Amazon Holiday Gem You Need to Get Before Your Next Dinner Party
 
It’ll make your guests happy!
READ MORE...
Setting Real Estate Goals for the Holidays
It's the perfect time to focus on your real estate goals with the interest rate falling 0.5% and with more cuts likely to come from the Federal Reserve Bank.
Property ambitions are certainly going to keep a keen topic of conversation this upcoming Holidays, that's for sure.
...
Featured Oakland Listings

1425 LAKESIDE DR 109

OAKLAND

2  bedrooms Separator 2  bathrooms Separator 1,141  sqft

$649,000

Seize this rare opportunity to live around a lake with this well-maintained 2 BR, 2 BA condominium, situated in a classic mid-century modern building across the street from beautiful Lake Merritt. Located on the first floor, the 1200 sf unit features an open concept floor plan with an entire wall of sliding glass doors that provide a bright, sunny living space and a large outdoor patio adjacent to the pool. The two bedrooms are spacious: the primary bedroom features an ensuite bathroom, while the second bedroom includes a built-in Murphy bed for use as a guestroom, studio, or office. The larger main bathroom has a tub/shower and beautiful San Giorgio tile floor. The kitchen is equipped with a smooth glass top electric range for easy cleaning and extra counter space, a built-in microwave, dishwasher, and eating area. The spacious living and dining rooms, combined with the large patio space, are perfect for entertaining. Featuring include three large double-door closets, a pantry, a parking space in a secure garage, and a laundry room adjacent to the unit. Situated in the historic Lakeside District near the Chinatown, Jack London Square, the Grand Lake Farmers' Market, major theaters, Laney College, Whole Foods, cafes, bars, restaurants, gyms, and access to BART and freeways.
Request A Private Showing

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

260 CALDECOTT LN 216

OAKLAND

1  bedroom Separator 1  bathroom Separator 728  sqft

$479,000

Welcome home to this stylish one bedroom, one bath, second floor condominium nestled in a verdant, gated community in Oakland’s Claremont hills. Featuring a spacious kitchen with tons of storage, abundant natural light, and an airy open floor plan, this home is tailor made for entertaining. The bedroom has a large walk-in closet and is adjacent to the roomy bathroom. The balcony, accessible from both the living room and the bedroom, is exceptionally private and features verdant views of the hills. Deeded parking is located in the garage with convenient access to the elevator. The heated pool, relaxing sauna, fully equipped gym, stylish clubhouse, and on-site HOA are conveniently located. Plenty of guest parking can be accessed throughout the complex. Your dream home awaits! Open Saturday and Sunday!
Request A Private Showing
Featured Vallejo Listing

216 PHELAN AVENUE

VALLEJO

2  bedrooms Separator 2  bathrooms Separator 1,223  sqft

$500,000

A lovely bungalow features modern amenities. It is built as a 2/2 layout, but the additional spaces can easily be converted to 4/2.This home features a spacious primary suite with an open sitting area, office space, and a luxurious soaking tub and 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 downstairs with indoor laundry facilities and a loft. Outside, discover a serene and low-maintenance backyard perfect for relaxation and entertaining, featuring a deck off the primary suite, a cement patio, and a storage shed. Located conveniently close to I-80 freeway, public transportation and the Vallejo Ferry, this home offers both comfort and convenience.
Request A Private Showing
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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