Maxwell Park 
There are currently 1 blog entries related to this category.
Affordable Oakland Real Estate again -- are we near the bottom?
Sunday, March 29th, 2009 at 2:24pm. 107 Views, 0 Comments.
In just a few years Oakland, San Leandro and other East Bay homes have become affordable to many first time home buyers. The median price of Bay Area homes has continued to drop from $720,000 in the spring of 2007 to the current $295,000 median price of homes sold in Feb 2008. The majority of these homes have been REOs(bank owned) and short sale (pre- foreclosure) listings but these have also brought down the price of surrounding owner occupied homes as well. Additional changes in lending practices and the $8000 federal tax credit have also stimulated buying in many neighborhoods. Maxwell Park, Laurel, and Dimond neighborhoods have seen plenty of buyers looking to get into these areas. Some houses are selling for over $200,000 less than they were just…
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