Oakland was recently named the number one turn around city by realtor.com in the U.S. with a quarterly year-to-year change in list prices up 41.3% and quarterly year-to-year days on market down 53.1%. These are great statistics for anyone looking to sell in Oakland, but what do they mean for buyers and more importantly what does it mean for you?
The Town, as Oakland is affectionately known to its denizens, is coming up and all of the residents are immediately a lot hipper than you were just a few years ago.
You may have heard that Oakland was The New York Times number five destination on the places to go in 2012. The Times pointed out the resurgence of the Fox Theater as a music venue and all the excellent restaurants cropping up all over the place. Something the Times neglected to mention is the beauty and affordability of the neighborhoods.
Oakland is approximately 10 times the size of San Francisco and has roughly half the population. It is a place of beauty as well as urban blight and it is quickly gentrifying, much to the chagrin of the locals.
Big developers are moving into West Oakland because they knew a couple of years ago that it is faster to get to downtown San Francisco from West Oakland BART than it is from the Outer Sunset, sunnier and warmer too.
As with any little sister living in the shadow of their older and beautiful sibling, Oakland’s neighborhoods get overlooked or worse, only noticed when negative things happen. You may be a younger sibling and know exactly what I am talking about—I am. No matter how many great things happen it is the negative stuff that is remembered.
I am going to be writing a series of articles highlighting Oakland’s neighborhoods and how they match-up to San Francisco’s neighborhoods in the coming few months. Any of you that have recently moved over to the East Bay and want to share a story please email me at email@example.com.