East Bay Real Estate Market: Median Price +7% in 2020

Back in March and April, many pundits were predicting a 30% decline in real estate; a return to the crash of 2007 and 2008; and rampant foreclosures. Instead, the median price for the East Bay real estate market is up +7% compared to last year.

Here are some of the bright spots in our market with median price increases for the year: Piedmont (+17%), Glenview, Upper Dimond District, Oakmore, upper Laurel District and the Mormon Temple area (+12%), Laurel District, Redwood Heights, Upper Redwood Road, Crestmont, Ridgemont, Hillcrest Estates and other areas of the south of the Oakland hills (+11%), Elmwood/Claremont area of Berkeley (+9%), Albany (+8%).

Read more about the state of the East Bay real estate market in this detailed blog post by Grubb Co.