🏡 Discover 5 Essential Facts About Oakland Real Estate | Market Insights 2024
Are you feeling overwhelmed by the Bay Area housing market? You’re not alone.
In this video, I break down 5 crucial facts about Oakland’s real estate market that can help you make smarter decisions — whether you’re buying or selling in 2024.
From Oakland's dual-market personality to cash buyers and home price trends, these insights will help you navigate the market like a pro. Let’s dive in!
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📈 Key Highlights:
🔸 Affordable vs. Luxury Areas: East & West Oakland offer affordable options, while Montclair & the Oakland Hills are home to luxury properties.
💸 Cash Buyers on the Rise: 21.2% of recent home purchases were made with cash, reducing mortgage dependency amid rising interest rates.
⏳ Homes Selling Fast: Despite high mortgage rates, the median days on market for homes in October 2024 was just 19 days.
📉 Price Reductions: 37% of active listings lowered their prices — it might be the perfect time to buy!
📐 More Space for Your Dollar: Compared to nearby cities like San Francisco and Berkeley, Oakland gives you more home for your money.
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📞 Contact Me for Real Estate Help!
Have questions about Bay Area real estate or want personalized home-buying or selling advice? Feel free to reach out:
📧 Email: nargiza@nargizaokilova.com
📱 Call/Text: (415) 629-8102
📅 Book a Call: [ Ссылка ]
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📚 Video Chapters:
00:00 - Feeling Overwhelmed by the Bay Area Market?
00:40 - Affordable vs. Luxury Areas in Oakland CA
01:08 - Cash Buyers’ Impact on Oakland Real Estate
01:41 - How Fast Are Homes Selling in Oakland?
02:10 - Why Prices Are Dropping for Some Listings
02:31 - Get More Space for Your Dollar in Oakland
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**Most stats and data mentioned came from the following sites and are not based on our opinions:
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*All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording*
Nargiza Okilova, Your Oakland Real Estate Expert.
DRE License #02213586
