Emeryville Market Summary 2015

EMERYVILLE

2 0 1 5market summary

P E A Kr e a l e s t a t e g r o u p

$459,000median sales price

17days on market

+49%year-over-year total sales

Emeryville real estate was thriving in 2015. Total home sales increased a whopping 49% over 2014 ($95.7M in 2015 compared to $64.1M in 2014), the median sales price increased by 17% to $459,000

and the number of homes sold increased by 27% (152 sales in 2014 to 193 sales in 2015). These numbers continue to prove an upward shift in demand and value of Emeryville homes.

With home prices in San Francisco and Silicon Valley continuing to rise, Emeryville became a desirable alternative. In 2015, a 2 bed, 1,200 square foot condo cost $1,225,000 in San Francisco, $701,500 in Berkeley, and $640,000 in Emeryville. Buyers can get more bang for their buck in newer townhomes, lofts with soaring ceilings, converted warehouses with wide open floor plans, and homes with million dollar views of the Bay. But it’s not only the affordability factor that has drawn homebuyers to Emeryville.

Location, location, location is the tried and true saying in real estate. Emeryville is close to I-80, US-101, I-580, I-880, CA-24, and CA-13. Additionally, commuters can take advantage of the Emery-Go-Round, the City’s free shuttle service that will take you around Emeryville all the way to MacArthur BART. There’s also plenty of pedestrian and bike paths, like the Emeryville Greenway for better accessibility. Buyers have found that Emeryville’s proximity to the rest of the Bay Area highly convenient.

As you drive through the city, it’s not uncommon to see a ‘Grand Opening’ sign every few weeks. We saw Shiba Ramen open in 2015 at the Public Market, along with the announcement of New Seasons Market Grocery Store set to open it’s doors in 2017. Being able to walk to various restaurants, grocery stores, retail stores, or even to work are must haves for today’s home buyer.

Summary

95% of all residential sales in Emeryville over the last 2 years were condos, lofts, and townhomes. The following graphs are representative of these homes. Data is deemed reliable, but not guaranteed. Analysis was performed in good faith, may contain errors and is subject to revision.

www.leopeak.com | 415.816.1469 | [email protected] | BRE: 01808250

Median Sales Price: 2014 vs 2015

$226,000$271,500

$360,000

$410,500

$570,000

$640,000

$386,000

$459,000

Studio HomesAll Homes 1 Bed Homes 2 Bed Homes

Median Sales Price Month Over Month: 2014 vs 2015

$344,000

$640,000

$360,000

$557,000

$495,000

$612,500

$443,000$403,000

$429,000

$377,500$404,000

$459,000

$350,000$338,000

$501,500

$395,000

$650,000

$491,000

$408,000

$557,000

$437,500

$390,000$364,000

$557,000

Jan. Dec.Nov.Oct.Sept.Aug.Jul.Jun.MayApr.Mar.Feb.

Number of Homes Sold Month Over Month: 2014 vs 2015

4

1

1614

1214

13

17

23

18

109

13

9

14

8

19

1616

7

20

11 12

18




Sales By Location

A6 Studios

31 One Bedrooms

32 Two Bedrooms

B0 Studios

27 One Bedrooms

23 Two Bedrooms

C12 Studios

28 One Bedrooms

17 Two Bedrooms

A- Above PowellB - Below PowellC - West of I-80

Sales By Building

$425,000median sales Price

21# of sales

774avg. sq. ft.

17avg. days on market

Bridgewater


6# of sales

1,278avg. sq. ft.


Bay Street One


7# of sales

1,110avg. sq. ft.


Besler Building


6# of sales

1,060avg. sq. ft.


Emery Bay Village


4# of sales

1,353avg. sq. ft.


Blue Star Corner


5# of sales

646avg. sq. ft.


Adeline Place


4# of sales

1,091avg. sq. ft.


Emeryville Warehouse


5# of sales

595avg. sq. ft.


Andante


2# of sales

1,339avg. sq. ft.


City Limits


Sales By Building


57# of sales

734avg. sq. ft.


Watergate


17# of sales

895avg. sq. ft.


Pacifi c Park Plaza


4# of sales

1,388avg. sq. ft.


Oliver Lofts


11# of sales

1,229avg. sq. ft.


Glashaus


9# of sales

1,183avg. sq. ft.


Liquid Sugar


7# of sales

1,574avg. sq. ft.


Vue 46


3# of sales

1,602avg. sq. ft.


Green City Lofts


3# of sales

1,125avg. sq. ft.


The Terraces


2# of sales

1,581avg. sq. ft.


Horton Street Lofts



Two Bedroom Home SalesTwo bedroom homes were the hot commodity in 2015

selling for as high as $845,000 and accounting for 51% of the total volume of all condo sales. There were 64% more 2 bedroom home sales in 2015 than in 2014. Sales of these homes went from 44 in 2014 to 72 in 2015 with a median sales price of $640,000. The average size of 2 bedrooms sold were 1,224 square feet and were on the market an average of 20 days.


$585,000

$640,000$595,000

$699,250 $692,000

$529,500

$680,000

$527,500

$596,500

$540,000$520,000

$592,500

$640,250$633,500

$510,000

$590,000

$700,000

$572,500

$642,500$610,000

$482,500

$637,500$625,000

$736,500



11

6 6

5

2

1

1010

44

7

2

9

2

1

5

8

2

4

9

8

3

6



One Bedroom Home SalesEighty-six, 1 bedroom homes sold in 2015 with a median

sales price of $410,500. These numbers are up from 2014 which had 80 sales with a median price of $360,000. That’s an increase of 8% and 14% respectively. 1 bedroom homes averaged 847 square feet and stayed on the market for only 15 days.


0

3

76

7

1110

1111

8

2

3

11

7

55

1

898

6

89

10



$333,000

$0

$324,000

$447,500

$572,000

$490,000

$371,000$340,000

$399,000

$277,200

$354,500

$388,000

$326,500$338,000

$455,000

$375,000

$573,000

$440,500$408,000

$281,000

$425,900$435,000

$306,000

$479,500



Studio Home SalesStudio sales were great in 2015! Studios have become

a practical option for entry into homeownership. The number of studios sold went from 14 in 2014 to 18 in 2015 with a median sales price increase of 20% to $271,500. Sales ranged from $208,888 to $345,000. The average size of a studio is 497 square feet, and stayed on the market for only 11 days.


0 0

3

2

0

1

22

3

1

0

3

00

2

0

1

0

3

4

2

1

0

2



$0 $0

$213,500

$301,500

$0

$223,000

$264,500

$234,500

$259,500

$196,500

$0

$245,000

$0

$212,000

$0$0

$321,000

$0

$273,750

$250,000$230,000

$300,000

$0

$309,000


About Leo

Peak Real Estate Group, led by Leo Peak, is focused on helping clients navigate the market with confidence. Dedicated to continuous education and armed with the most up-to-date technological

tools available, their primary goal is to provide clients with as much information about properties and neighborhoods – empowering them to make the most knowledgeable and confident decisions.

Leo’s dedication and loyalty to his clients is unmatched. He developed Peak Real Estate Group as a specialized team of resources in marketing, home inspection, lending, contracting and escrow, allowing for quick and efficient transactions. Paying close attention to specific needs, Leo provides individually tailored plans and adapts quickly to maintain the best position for his clients. His track record has garnered him a Top Agent Achievement Award, as well as an appearance on HGTV’s “My First Place.”

Leo moved to Emeryville in 2010, where he and his wife started their family. Leo is particularly fascinated with the warehouse revivals and newer construction residential buildings in Emeryville. You can catch him on daily walks with his family and terrier-poodle along the Greenway. Follow Leo on Instagram @leojpeak or visit leopeak.com.


P E A Kr e a l e s t a t e g r o u p

leopeak.com | 415.816.1469 | [email protected]

Emeryville Market Summary 2015

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