Buying A Home
Why Is That House Priced So Low?
If you’ve been following the real estate market in Oakland, you’ve probably noticed a giant discrepancy between list price and the actual sold price. This difference can amount to hundreds of thousands of dollars. I’ve seen multiple sales this spring with a list price around $799,000 that end up selling close to $1,200,000! Why Does This Happen? This trend started appearing in Oakland back in the spring of 2012. In the chart below, you can see the divergence between list price and sold price over the past 7 years, culminating in where we are now – on average in Oakland,
