Business & Tech
Median Home Prices for Rockridge, Temescal
As the Bay Area housing market recovers, the median price for single family homes in Rockridge increased modestly compared to a year ago. In the Temescal district, though, the median declined by more than 25 percent.
Sales of foreclosed homes continue to drop as a percentage of overall volume as the Bay Area housing market recovers from its collapse five years ago. In November, the Bay Area recorded the most home sales for that month in six years.
The familiar trinity of cheap money, high demand and tight supply is driving the market, according to the San Francisco Chronicle. The median Bay Area sale price in November was $438,000, up 20 percent over 2011.
Foreclosure resales represented slightly more than 10 percent of the market, compared to 25 percent a year ago and 52 percent in 2009.
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Here are November sales for the Rockridge area and nearby.
Oakland Home Sales by Zip Code, November 2012 Community Zip Code Number Sold Percent Change over Nov. 2011 Median price Percent Change over Nov. 2011 Highest price Price per square foot Percent Change over Nov. 2011 Temescal 94609 12 -7.7% $343,000 -26.2% $685,000 $256 -38.3% Grand Lake 94610 30 20.0% $595,000 36.8% $1,450,000 $468 57.8%Piedmont/
Montclair
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