February 2023

Top news last month includes the Alameda County Board of Supervisors who on February 28, 2023 declined to hold a much-anticipated review of the county’s ongoing eviction moratorium — a move that all but guarantees the pandemic tenant protections, among the last anywhere in the Bay Area, will remain in place until the end of April. If you've been thinking about selling your rental property, call us today to list the property in May.

In Alameda, the average sale price and the number of homes for sale are down dramatically compared to twelve months ago. With inventory down, there may be more competition to bid the price back up. There were 25 single family homes listed for sale in February 2023 compared to 40 in February 2022. Two bedroom fixer uppers sold as low as $750k to $850k while a similar home with cosmetic improvements sold in the $1,250,000 range. The bottom line is it pays to renovate.