During the past few years, after the severe economic downturn, many Oakland and Piedmont homeowners saw their home equities take a serious downturn, as the value of their homes in the open market dropped--some below what they originally paid for the house.  The good news is that in many Bay area neighborhoods, that fact is undergoing a dramatic change, and things are heading back up!

We indicated, as an example, in our November 8th blog, that Piedmont is undergoing a radical change in the area of home sales.  According to Forbes magazine, Piedmont, was rated #165 in the nation's most expensive homes in the nation (Sausalito is #160, and San Francisco is #161). However, because of very limited housing stock and dramactic competition among buyers, the Average Days on the Market Score for the city is 18 days.  That means that statistically, a home only lasted just 18 days before it was sold.  That puts Piedmont 3rd among the most expensive homes in the nation in immediate home sales. 

What does this mean in terms of your situation?  The fact are that there are nowhere near the amount of homes for sale in many areas as their are buyers who want them.  Piedmont is an excellent example.  The bidding war is real when this happens, and buyer demand results in significant sale prices for the homes in the area.  This should interest you a great deal if you are considering selling your home, and would like to receive what you feel is a true and realistic price for it.

Let me help give you that information.  Call me, and I will give you a comprehensive and complimentary Market Analyses of your property.  You may be very pleasantly surprised. 

Posted by Bruce Wagg on


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