While there are many elements that you must consider in deciding to buy or sell an Oakland or Piedmont home, there is one very important element that you will want to consider-the marketplace of the home. The basic question to ask yourself is " What is the direction of current Bay Area real estate housing sales?" "What is the direction of Northern California housing sales?".
Right now, the direction is "up". Here are some quick summaries courtesty of the National Association of Realtors' "Median Sales Price of Existing Single Family Homes For the Metropolitan Area" :
1. Median existing single family homes in the Western US rose 4.8% to $299,500 in the 4th quarter of 2014.
2. In the Sacramento/Arden/Roseville area, the median single family…