April 2021 Emeryville Actual Property & Rental Report: fifty fifth Avenue Fixer Higher Listed at $ 785K

The native actual property market remained heat in April, probably because of inadequate provide and nonetheless traditionally low, albeit rising, rates of interest. Condominium costs stay secure and are promoting virtually at report ranges.

Single-family houses accessible, that are uncommon in Emeryville, stay the preferred. There is just one single household dwelling at the moment listed in Emeryville that’s perpetually beneath development on fifty fifth road initially inbuilt 1910.

The lot was authorised for conversion to duplex in 2019. The record notes a “money solely” contingency.

See the complete record on coldwellbanker.com.

Rents for 1 bed room lower, enhance for two bedrooms

Emeryville was ranked the fifth costliest metropolis within the Bay Space to lease in April. Emeryville rents fell for the second consecutive month. The value for one-bedroom items fell 3.5% to a median of $ 2,200, whereas that for two-bedroom items rose 1.7% to $ 3,000.

On an annual foundation, rents are down 15.4% for 1-bedroom items and 12.3% for 2-bedroom items in Emeryville.

Learn the complete report on Zumper.com. Browse all present rental listings in Emeryville right here.

Properties promote rapidly however above all on the asking worth

Lower in actual property gross sales in comparison with March 2021

Actual property gross sales in April had been 13, up 85.7% from 7 in April 2020 and -27.8% beneath the 18 gross sales final month. Gross sales for April 2021 had been at an intermediate stage in comparison with April 2020 and 2019. Gross sales for April from 59 years previous are up 84.4% from final 12 months’s gross sales of 32.

Median promoting costs down from March 2021

The median promoting worth in April was $ 515,000, up 17.6% from $ 438,000 in April 2020 and -8.6% from $ 563,500 final month. The common promoting worth in April was $ 549,769, up 4.3% from $ 527,271 in April 2020 and down -8.0% from $ 597,683 final month. The April 2021 ASP was in a mean vary in comparison with April 2020 and 2019.

Stock stays low

The overall stock of properties accessible on the market in April was 14, down -12.5% ​​from 16 final month and -30.0% from 20 in April final 12 months. The April 2021 stock was at an intermediate stage in comparison with April 2020 and 2019.

A relatively decrease month-to-month stock provide (MSI) is extra helpful for sellers, whereas a better MSI is healthier for patrons. The 1.1-month April 2021 MSI was in a mean vary in comparison with April 2020 and 2019.

The shortest days available on the market in years

The Common Days On The Market (DOM) signifies the variety of days the common property is available on the market earlier than promoting. An uptrend in DOM tends to point motion in direction of multiple purchaser’s market, a downtrend a motion in direction of extraeller’s market. The DOM for April was the 14th, up 7.7% from 13 days final month and down -51.7% from 29 days in April final 12 months. The April 2021 DOM was at its lowest stage in comparison with April 2020 and 2019.

Promoting worth vs record worth – properties promote close to the record worth

The sale worth relative to the itemizing worth reveals the common quantity that sellers conform to lower from their record worth. The decrease the ratio than 100%, the extra a purchaser’s market exists, a ratio equal to or higher than 100% is extra indicative of a vendor’s market. The April 2021 promoting worth in comparison with the record worth of 101.9% was down from 103.1% final month and up from 99.0% in April of final 12 months.

Featured Lively Listing: Watergate Studio for $ 325,000

3 Commodore Drive Unit # 365 is a 470 sq. foot studio condo with a personal balcony and a deeded parking area. Unit has been up to date with new home equipment, cupboards and rugs. Month-to-month HOA dues are $ 429 and embrace a tennis court docket, out of doors pool, health middle, and sauna entry. HOA dues additionally cowl cable TV, earthquake and hazard insurance coverage, administration charges, provides, rubbish, water, and different facilities.

Full record with extra pictures posted right here.

Browse present Emeryville listings →

This report is ready by longtime Emeryville resident and Coldwell Banker actual property agent Nicole Gruen. Wish to purchase or promote in Emeryville? Help your resident actual property agent.

** All knowledge is believed to be correct, however not assured.

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