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#61 - Aman Daro - Decoding the Inner East Bay Housing Market: A Mid-Year Analysis
Ideas for the show or to want just to support us? Send us a text!
What happens when data nerds dive deep into the Inner East Bay real estate market? Aman Daro, Director of Operations at the Grubb Company, returns to the podcast armed with comprehensive MLS data that reveals surprising trends shaping our local housing landscape.
The numbers tell a fascinating story of market bifurcation. While homes priced below $500,000 struggle to maintain value (selling 7% below asking on average), properties in the $1-2 million range are thriving at 22% over asking price. Even more striking, the luxury market above $2 million is performing exceptionally well, defying conventional expectations during economic uncertainty. This pattern suggests wealthy buyers may be viewing real estate as an inflation hedge, while entry-level segments face greater challenges.
Geographic variations paint an equally compelling picture. El Cerrito has emerged as one of the region's hottest market with the lowest months' supply of inventory. Berkeley continues its remarkable stability, now boasting the highest 20-year appreciation rate in the Inner East Bay. Meanwhile, Oakland and Richmond show strong performance in desirable neighborhoods despite higher cancellation rates. The condo market tells a different story, with median prices down 12% year-over-year and significantly longer days on market.
Aman also tackles controversial topics like private listings versus MLS exposure, sharing data that homes sold off-market typically achieve lower prices than those with full market exposure. For both buyers and sellers, this conversation offers invaluable insights into timing strategies, price point considerations, and neighborhood dynamics that could significantly impact your real estate decisions in this unique East Bay market.
Connect with Aman at [email protected] or explore more local real estate content through The Home Factor's weekly Substack newsletter at thehomefactor.com.
Aman Daro is a licensed CA REALTOR® DRE# 01350412
Declan Spring is a licensed CA REALTOR® DRE#01398898
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By Declan Spring
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Ideas for the show or to want just to support us? Send us a text!
What happens when data nerds dive deep into the Inner East Bay real estate market? Aman Daro, Director of Operations at the Grubb Company, returns to the podcast armed with comprehensive MLS data that reveals surprising trends shaping our local housing landscape.
The numbers tell a fascinating story of market bifurcation. While homes priced below $500,000 struggle to maintain value (selling 7% below asking on average), properties in the $1-2 million range are thriving at 22% over asking price. Even more striking, the luxury market above $2 million is performing exceptionally well, defying conventional expectations during economic uncertainty. This pattern suggests wealthy buyers may be viewing real estate as an inflation hedge, while entry-level segments face greater challenges.
Geographic variations paint an equally compelling picture. El Cerrito has emerged as one of the region's hottest market with the lowest months' supply of inventory. Berkeley continues its remarkable stability, now boasting the highest 20-year appreciation rate in the Inner East Bay. Meanwhile, Oakland and Richmond show strong performance in desirable neighborhoods despite higher cancellation rates. The condo market tells a different story, with median prices down 12% year-over-year and significantly longer days on market.
Aman also tackles controversial topics like private listings versus MLS exposure, sharing data that homes sold off-market typically achieve lower prices than those with full market exposure. For both buyers and sellers, this conversation offers invaluable insights into timing strategies, price point considerations, and neighborhood dynamics that could significantly impact your real estate decisions in this unique East Bay market.
Connect with Aman at [email protected] or explore more local real estate content through The Home Factor's weekly Substack newsletter at thehomefactor.com.
Aman Daro is a licensed CA REALTOR® DRE# 01350412
Declan Spring is a licensed CA REALTOR® DRE#01398898