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Are Oakley California Home Price up in 2014?

By
Real Estate Broker/Owner with Home Point Real Estate DRE # 01492725

Are Oakley California Home Price up in 2014?

Oakley California Homes are very popular. Oakley California Homes run from older and affordable single story homes in nice areas to New Executive Style Homes. The city has many fine parks and access to great recreation opportunities on the California Delta.

I do frequently reports on Oakley Home Prices, but it is hard to get the picture of the over all trend from one month to the next.

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I wanted to take a look at Homes in Oakley California from one year to the next to see the changes of over one year. The chart looks at the Active Homes for Sale in Oakley; then Homes Sales in March of 2013 and March 2014.

 

Period Number High Low Average Median DOM
Active 64 $1,300,000.00 $179,900.00 $395,479.00 $354,947.00 21
Sold March 2013 45 $405,000.00 $66,500.00 $263,984.00 $253,000.00 12
Sold March 2014 39 $425,000.00 $185,000.00 $316,850.00 $309,000.00 12

 

 

Oakley California Median Home Prices were up about 22% from one year to the next and I suspect prices will continue up. The Median days on market is 12 and there is under a two month supply of homes; indicating it is still a strong sellers market. The price increases are being driven by the lower end of the market; including entry level and investment grade level homes. The lower end of the market is pushing the entire market up.

Bruce Swedal
Denver, CO
Denver Real Estate

I enjoy reading about real estate in new areas and you sure know the market here. Buyers and sellers should definitely look to you.

Apr 21, 2014 03:35 PM