Polaris Pacific: Oakland-Emeryville Condominium Market January 2015

Polaris Pacific, Oakland Emeryville, condominium market, East Bay condos, Bay Area condo, condominium

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Annual Price and Sales Changes by City

The maps below (Figures 1 & 2) show annual percentage changes in median price and total sales volume by city. The most significant growth occurred in Oakland, where prices increased 17.0 percent from the prior year.

Current Prices and Sales by District

Figure 3 shows a box-and-whisker plot of sales prices by city during the three-month period ending December 31, with wider boxes indicating higher volume. As shown, Emeryville had a lower median price compared to Oakland ($390,000 vs. $420,000), and Oakland experienced substantially more sales during the period (216 sales in Oakland vs. 45 sales in Emeryville).

Historical Prices and Sales

During the three-month period ending December 31, the median price increased 17.6 percent from the prior year to $420,000 and the total number of resales increased 13.0 percent. The median price has rebounded from 2012 (see Figure 4) and is now 5.6 percent below the market peak of $445,000 achieved in 2006.

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