September 2023 - Greater Bay Area - Market Update

September 2023 - Greater Bay Area - Market Update
Greater Bay Area market update over an aerial view of the waterfront.
 
Our team is committed to continuing to serve all your real estate needs while incorporating safety protocol to protect all of our loved ones.
 
In addition, as your local real estate experts, we feel it’s our duty to give you, our valued client, all the information you need to better understand our local real estate market. Whether you’re buying or selling, we want to make sure you have the best, most pertinent information, so we’ve put together this monthly analysis breaking down specifics about the market.
 
As we all navigate this together, please don’t hesitate to reach out to us with any questions or concerns. We’re here to support you.
 
- Tia Hunnicutt, LIC #01840070
 

Do good schools increase property values?

Modern two-story beige house with dark windows, an attached garage, and palm trees.
 
In many real estate advertisements you see the claim “close to good schools”, but does the proximity to education centers really affect a property's value?
 
The adage “location, location, location” is well known and refers to how a property's value benefits or suffers from the surrounding neighborhood.
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San Francisco market data: $1,350,000 median sale price, 103% list-to-sold price, 81 sold listings, and 176 new listings.

 

Bar chart comparing new and sold listings in June, July, and August.

Oakland market data: $875,000 median sale price, 217 sold listings, and 351 new listings.

Bar chart comparing new and sold listings from June through August.

Sacramento market data: $396,900 median sale price, 102% list-to-sale price, 15 sold listings, and 16 new listings.

Bar chart: new listings rise from 12 in June to 16 in August; sold listings fall from 22 to 15.

 

Gray-sided house with raised front steps, white railings, and an attached garage.

Vacant front room with light wood floors, tall windows, and a black glass-paneled door.Gray two-story house with a brick chimney and covered porch between pink and mint-green homes.

2525 CHURCH ST
OAKLAND

2 bedrooms  | 1  bathroom |  861  sqft
$449,000

Discover this unique, move-in ready, two bedroom, one bathroom home with a massive back yard with new fencing that’s just waiting to be transformed into your very own urban oasis. This updated, hidden gem combines timeless charm with a thoroughly renovated kitchen with new countertops, new appliances, new flooring, and all of the amenities. Step inside and discover a unique blend of character and sophistication with the inviting floorplan which boasts stunning period details, custom built-ins, original hardwood floors, and abundant natural light. The updated bathroom features new fixtures, new tile, and new flooring. This lovely home is topped off with a new garage door and a new driveway. Commuting and running errands is made simple as the home is located with proximity to transit as well as schools and the shops and restaurants of the bustling Bancroft business district. Sewer compliant!!
 
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Proxima Realty Group

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