Lake Merritt Real Estate Market Sees Home Sales Decline

While home sales in the Lake Merritt market have been above average, in this week's report they dropped 20.0% to four homes sold over the last 30 days. In comparison, the Grand Lake neighborhood had seven sales in the same time frame, the most of all neighborhoods in the area. The median sales price dropped to $572,500, down from last week's $580,000. With only one month of inventory to sell, Lake Merritt is a definite seller's market, in spite of the dip in sales.

Trying to find a home in Lake Merritt that offers more bedrooms? Then check out these listings that provide the most bedrooms in the area:

$495K  

Get started right now by checking out Lake Merritt homes for sale or reviewing Lake Merritt real estate trends.


Data reported through 1/11/2017

Comments:


©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.