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Inventory low? Not in Oakland

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The East Bay real estate market is coming into equilibrium and there are opportunities for every level of buyer from investor to first time homeowner available now.

According to Paragon MLS, there are 261 detached single family homes, 90 2-4 unit homes, 51 condominiums, and 31 5+ properties available as of the first week of 2014.

Single family homes range in price from less than $100,000 all the way up to $2,495,000.

Condos range in price from less than $150,000 up to $1,645,000.

The median price for a single family home in Oakland this week is $330,000 and for condos is $368.888.
Opportunity abounds here in Oakland for buyers at any price point or reason.

Investors will find a number of houses that make sense to buy and hold. For instance, I have a property available for $325,000, a large single family residence with a separately metered in-law available for sale. There is a month to month tenant in place that brings back $2,400 per month and the property has enormous upside as a rental and as a passive income generator.

Want more information about what is available on the market in the East Bay? Email me at americafoy@gmail.com.

If you have any other questions, or want to share your story, please reply to this post, contact me via my website, my facebook page, or on Twitter @AmericaFoy.

*Facts are from Paragon MLS through CCAR member number (me) 159520300 CA BRE #01360255

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