I was recently contacted by a journalist desiring information on the state of the higher end segments of the East Bay Region. It was an informative and interesting exercise where I conducted research into the 2007-2010 performance of select areas. Piedmont, Montclair District (Oakland) & Select Berkeley Neighborhood details are analyzed below.
It is encouraging to see some trends in the market comparison. While we are certainly off of the high values after 2005/2006 Piedmont & Montclair Distriict (Oakland) have fared well with respect to median sales prices. Also noted is a rise in number of sales as well as a reduction in the days on market in 2010.