It depends. Single family homes are still receiving multiple offers. Many buyers like this area and also Rockridge and Montclair because of the location, These areas are close to shopping, good restaurants and most importantly transportation especially if one works in San Francisco.

I would have to agree that the Lake area is one of those micro markets that is still going strong. There are a lot of condos on the market in the Adams Point area, just above Grand Ave and the lake. It is a wonderful neighborhood. I have lived and worked here for years. Great restaurants, coffee shops, wonderful farmers market year round every saturday and who doesn't want to take a walk around a beautiful lake instead of going to the gym every day!!!

I quick comparative market analysis can tell you how the homes are holding value. I think if you are relocating, Oakland and specifically the lake Merritt area is a great choice!

Actually, this market is one of those areas that really is not affected like the rest of the California real estate market. The Lake Merritt area and the Montclair district are both still brisk markets. I recently wrote offers on properties where there were more than one offer on a proeprty. Amazing!

People have finally figured out that Oakland is the best commute location in the San Francisco Bay Area... not to mention still affordable.

Aw shucks! Did Ed let the cat out of the bag?!?

I am a big fan of Oakland...and there are pros and cons to Lake Merritt. Are you looking for a single family home or a condo/townhome? The more information you can provide, the better we will be abled to help you.

Hi Joann. The answer to your question would really depend on what kind of property you are talking about. Are you talking about a single family home, condo, duplex? Inventory for condos is much different than single family home. As you might guess, condos are going to be more affordable than the single family homes. I just checked the MLS and the price range is anywhere from right under $200,000 to almost $2 million. So there are a lot of options available to you depending on what your price range is. If you haven't yet, you may want to talk to a lender to see what kind of price range you are comfortable with and contact a Realtor to help you with the search process. If you would like more information regarding specific homes on the market I can email you a list of avaialbe homes in your price range. Happy house hunting!!