Monday Market Update – 2020 vs. 2021

Monday Market Update – 2020 vs. 2021

COVID shut/slowed down a lot of businesses and industries but the one industry that remained heated and active was real estate.

Currently in our East Bay:
– 640 homes active on the market – 947 homes pending
– 4958 homes closed in the first half of 2021
– 2976 home closed in the first half of 2020
– 176 homes closed at over $2M in the first half of 2020
– 979 homes closed at over $2M in the first half of 2021!
– 33 homes closed at over $3M in the first half of 2020
– 170 homes closed at over $3M in the first half of 2021!

Based on these numbers, the East Bay real estate market has remained very active and heated. Many people thought the market would “soften” during the second half of 2021, but it has stabilized meaning prices are more at where we would expect them to be. Where is the market heading? More people from the South Bay are moving to the East Bay due to them being allowed to work from home. If you have any questions or want more information give us a call!

Lisa Doyle REALTOR® | DRE# 01149880
The Doyle Team with Sereno
Lisa@TheDoyleTeam.com | 925-890-7443