Oakland - Berkeley Market Trends Report - January 2021

Inner East Bay Real Estate in 2020 

January 2021

Report for the Greater Oakland-Berkeley-Richmond Region 

Pandemic, shelter in place, mass unemployment, terrible financial hardships for many households and small businesses, new ways of working, office buildings empty, people move, dreadful fires, an anxious presidential election, interest rates to historic lows, stock markets to new highs, IPO mania breaks out again, vaccines begin to arrive – and, after an initial crash in activity, the real estate market went into hyper-drive, with median home sales prices hitting new peaks. The Bay Area luxury home market in particular was extremely strong.

2020: a year of social, political, economic and environmental extremes. Let us give thanks to those who worked so hard and sometimes risked their lives to help others.

The analyses in this review were designed to be self-explanatory, but please don't hesitate to contact us with any questions.