YOUR REALTOR IS YOUR FIRST RESOURCE
Presumably, you were represented by a realtor who helped you write the offer. Was your offer accepted (by the lender) and have you closed escrow already?:
Your own realtor is your first resource who can give you information on comps for your properties. Depending on the list price, the condition of the property and number of other similar properties that have already sold in this area, you may have gotten a good deal.
The internet is a good resource for knowing as much as possible about this area, such as: http://en.wikipedia.org/wiki/West_Oakland,_Oakland,_California
What I like about this location is its proximity to some of the good hubs for shopping, restaurants and other amenities. Easy access to public transportation. It's definitely more affordable than other other parts of the city, and close enough to commute to jobs in San Francisco, Walnut Creek, Berkeley, Emeyville etc.
The are is seeing a resurgence in development, as epitomized by several live/work lofts that seem to be sprouting in different parts of West Oakland.
Although it has not "arrived" yet like some parts of Emeryville near the Powell shopping area, it is certainly destined for future and potential growth.
Although some agents may quote a number to indicate how many offers were submitted on a property, i'd like to believe that they are telling the truth, especially now that the market is heating up in certain prices brackets and in certain neighborhoods.
Note to other realtors from other parts of the country: yes, it's happening here. We have run into REOs that have received 60-80 offers. This could back fire on them if there are this many offers. Some buyers may choose not to write an offer. The agents create more work for themselves, weeding through offers to find the best and highest to submit to the lender. It behooves the agents to price their listings right the first time.