Snap Shot of Emeryville real estate market - May 2012
This is a snap shot of the Emeryville real estate market activity for May 2012:
| New homes on the market | 37 |
| Homes that sold | 8 |
| Pending activity - all not just last week | 53 |
| All properties currently on the market | 37 |
| Condos currently on the market | 35 |
| Townhouses currently on the market | 0 |
| Single family homes | 2 |
| Distressed properties: | |
| Bank Owned | 5 |
| Short Sales | 7 |
| Average days on the market | 89 |
| (including distressed properties) |
The snap shot clearly shows that condominiums make up the bulk
of the market in Emeryville. Even though inventory is low with 37
properties currently on the market there were only 8 sales. This could
be the product of the difficulty of appraisals coming in at the sales
price. It could also relate to the lender’s stricter requirements to
close.
Average days on the market indicates that properties are selling quickly. Since prices are still relatively low, rates are still low, this is the time to buy in Emeryville.
Looking for a home in the Emeryville. I know the market and can help you. Call or text me at 510-504-5612. Or go to my webpage and leave a message
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