REAL ESTATE RECOVERY IN EMERYVILLE, CA CONDO MARKET REPORT

By
Real Estate Sales Representative with Gallagher & Lindsey, Alameda, California
http://actvra.in/fKb

REAL ESTATE RECOVERY IN EMERYVILLE, CA CONDO MARKET REPORT

 

REAL ESTATE RECOVERY IN EMERYVILLE, CA CONDO MARKET REPORT  The condo market in Emeryville at the end of June 2011 is better than the market was a year ago.  There were 15 units sold in June 2011, versus June 2010 when only 11 units were sold.  Based on the statistics below, the Emeryville Condo Market looks to be on its way to a recovery.

 

Pending condos statistics are even better.  In June 2010, only 9 units were under contract, while in June 2011 there were 16 units under contract.  

 

REAL ESTATE RECOVERY IN EMERYVILLE, CA CONDO MARKET REPORT

 

While the average days on the market have increased in June 2010 and June 2011 from 33 to 55 days, the months supply of inventory fell from almost 7 months to less than 3 months.

 

 

CONDO MARKET IN EMERYVILLE

 

Emeryville is a small community located in the San Francisco Bay Area. The city boast of a high quality of life and a diverse culture. Emeryville is an urban experience, with a beautiful Marina Park and boating berths; the Emeryville Greenway linear park; and a variety of residential housing, including live-work/lofts, condominiums, rental apartments, and single-family home neighborhoods.  The City is perhaps best known as being the home of Pixar Animation Studios.  Emeryville has a reputation as a regional center for artists and artisans.  Each year, the City co-sponsors the Emeryville Celebration of the Arts, a juried art exhibition, consisting of artists and artisans that live and/or work in Emeryville.


REAL ESTATE RECOVERY IN EMERYVILLE, CA CONDO MARKET REPORT

 

 

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Rainmaker
683,622
Elite Home Sales Team
Keller Williams Realty - San Clemente, CA
A Tenacious and Skilled Real Estate Team

I am glad that there is a silver lining to this mess.  Keep reporting the good news.

Jul 29, 2011 02:09 AM #1
Anonymous
Anonymous
Anonymous

Wow, Evelyn, such good news to see inventory stats and trending like this!

Jul 29, 2011 04:47 AM #2
Rainmaker
652,235
Evelyn Kennedy
Gallagher & Lindsey, Alameda, California - Alameda, CA
Alameda, Real Estate, Alameda, CA

Yes, we need to report all the good news there is.  Hopefully, that will help people realized that it is a good time to buy a home.

 

Karen:  Thanks for your comment.  I hope the trend continues, we need it.  Hope your weekend is nice and productive.  Take care.

Jul 29, 2011 11:09 AM #3
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Peter Pfann @ 1 Percent Realty Victoria, and Pay-Less For Victoria Real Estate Results!
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Hi Evelyn,

Ride That Wave, such great news to see that your Emmeryville Ca real estate recovery is well on its way.....

when properties are selling rather than sitting, we know that confidence is returning and your report is solid confirmation about that....good for you for sharing it with your community and all of us.

Jul 29, 2011 01:49 PM #4
Rainmaker
661,285
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Evelyn

Good job putting this together. Imagine where Emeryvill was, and what it is today. That in itself is a success story.

 

Jul 29, 2011 01:54 PM #5
Rainmaker
652,235
Evelyn Kennedy
Gallagher & Lindsey, Alameda, California - Alameda, CA
Alameda, Real Estate, Alameda, CA

Peter and Linda:  Thank you for your kind comments.  It is especially good to see condos make a turn around.  Hopefully it was last for a while.  Also, thank you for your great contest.

 

Pacita: Yes, sometimes it is hard to remember what Emeryville used to be and what it has become.  I hope that Lawrence Berkley National Lab comes here an the base becomes like Emeryville.  Fingers crossed.  Thank you Pacita for your kind comment.

 

Jul 29, 2011 02:16 PM #6
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Virginia Hepp
ERA - Mesquite NV Homes For Sale - Mesquite, NV
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I think that pending sales going up are really great news for the real estate recovery in Emeryville, Ca!

Jul 31, 2011 05:12 PM #7
Anonymous
Anonymous
Anonymous

I think there are more recovery areas in California than in any other state. Let’s keep leading the way back out of this mess!

Aug 01, 2011 11:05 PM #8
Rainer
101,128
Sherry Peckhoon Sim
Sims & Company - Cayucos, CA
Broker/Owner, Covering the Beautiful Central Coast

Thanks for sharing, Evelyn. Glad to hear about the recovery in your area. Our local condo market is almost a no-scene. We are wondering where the condo buyers have gone to.

Aug 02, 2011 12:35 AM #9
Rainmaker
946,632
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Evelyn, thanks for sharing your condo market report for Emeryville with us...condos in Roseville are also pretty hot lately! :)

Leilani

Aug 02, 2011 02:49 AM #10
Rainmaker
652,235
Evelyn Kennedy
Gallagher & Lindsey, Alameda, California - Alameda, CA
Alameda, Real Estate, Alameda, CA

Virginia:  Yes, we hope that is a trend, but time will tell.  Thanks for your comment, Virginia and I hope this week is a good one for you.

Russel:  Hi, how are you doingIt does seem that that is the case.  I hope it is because our state is having so many problems economically speaking. 

Sharon:  I don't understand why buyers aren't buying condos now.  They seem to be priced very well and may be a good value.  People seem to be afraid to take any action.

Leilani:  So glad to hear that your condo market is coming back.  Thanks for your comment.

Aug 02, 2011 11:33 AM #11
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Tammie White
Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net - Franklin, TN
Franklin TN, South of Nashville

Evelyn, excellent presentation of the market overview for Emeryville condos.

Aug 02, 2011 09:27 PM #12
Rainmaker
652,235
Evelyn Kennedy
Gallagher & Lindsey, Alameda, California - Alameda, CA
Alameda, Real Estate, Alameda, CA

Tammie:

Thank your for your kind words.  I hope it is a sign that the condo market is truly in recovery.

Aug 03, 2011 01:49 AM #13
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Rainmaker
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Evelyn Kennedy

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