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2020 East Bay Real Estate Market Recap-ehomesurf

January 8, 2021 by Mona Koussa Leave a Comment

2020 East Bay Real Estate Market Recap

With low interest rates and minimal inventory, the 2020 East Bay real estate market still continued to be a sellers’ market generating multiple offers and over asking sold price for most listings. Home values increased by 9.925% over the last year even with fewer homes sold. Of the 24,411 sold homes, 22.58% were in the price range $1,000,000 to $1,499,000 comprising the most sold price category. Meanwhile days on market (DOM) time decreased by 21% with average listings selling in just 23 days.

Most industry expert and analysts predict that 2020 real estate trends will continue throughout 2021. Low inventory and all time low interest rates will continue drive up home buyers’ demands.


East Bay MLS Home Price Comparison Report-2020

Sold


Price Range


Number of Listings


Average Days On Market

 

$100,000 to $199,000

21

48

 

$200,000 to $299,000

278

38

 

$300,000 to $399,000

998

31

 

$400,000 to $499,000

2,176

27

 

$500,000 to $599,000

2,794

28

 

$600,000 to $699,000

2,868

23

 

$700,000 to $799,000

2,610

22

 

$800,000 to $899,000

2,275

21

 

$900,000 to $999,000

1,736

21

 

$1,000,000 to $1,499,000

5,512

19

 

$1,500,000 to $1,999,000

2,006

20

 

Greater than $2,000,000

1,134

28

 


Number of Listings


Average Days On Market


Median Price


Average Price


24,411


23


$815,000


$958,170


MLS Price Comparison Report-2019

Sold


Number of Listings


Average Days On Market


Median Price


Average Price


24,633


29


$740,000


$871,660

East Bay Average Listing Sold Price
East Bay Average Listing Sold Price

Filed Under: Blog, East Bay Homes, East Bay Real Estate Tagged With: East Bay Homes For Sale, East Bay Real Estate, home selling tips, Market Updates

About Mona Koussa

A seasoned, expert broker specializing in the East Bay in Northern California. I have an intimate understanding of market trends, and knowledge of neighborhood amenities. I am your neighborhood link to exiting new listings... Read
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