Oakland Ca Real Estate's Blog: Oakland Real Estate

Oakland real estate shot through the roof during the period from 2001 to 2005, with appreciation reaching 120% in some areas. Homes were routinely selling for 60-100k over asking price and more! It was not uncommon for a desirable property to fetch 30-40 offers. I remember one home in the Oakland Hills went for over 300k over asking price!

However that type of market by nature is not sustainable, and the current market is proof of that. Starting in early 05', us Realtors started seeing a noticeable slowdown in activity, which has continued to this day. The ironic thing is, prices are still high. They have taken a slight dip(approximately six percent) in the last year, but our median price is still around 500k. There is much more opportunity for buyers…

When considering whether or not to buy Oakland investment property, there are several factors that make Oakland a perfect choice for the right investor. Everyone has heard the term "location, location, location" and the Bay Area has always been considered a great location to be in. There are several characteristics Oakland has that make it a truly unique city. Being the eighth largest city in California, Oakland has a population of just over 400,000. It's the only city in California with the "big three" sports teams: the Oakland A's, Oakland Raiders, and the Golden State Warriors. The Port of Oakland is the fourth largest container port in the US and among the top 25 in the world, and Newsweek ranked Oakland among the top ten technology cities in the…