Building Costs Per Square Foot in the City of Oakland (CA), USA

Residential Construction Market Analysis in the City of Oakland (CA), USA

Newly Built House in Emeryville 1049 61ST#A CA94608 - 3 Bedrooms and 3 Baths with Attached Garage on Gross Floor Area 2,206 sqft - Built in 2022 - Price $1,495,000 (3)

Newly Built House in Emeryville 1049 61ST#A CA94608 – 3 Bedrooms and 3 Baths with Attached Garage on Gross Floor Area 2,206 sqft – Built in 2022 – Price $1,495,000 (3)

Building costs are 24% above the national average in the City of Oakland in California. The golden state, or California, is one of the states in the entire country that has the greatest variety of cities. Of course, its big cities stand out for their beach life, and luxury, and are in the shadow of Los Angeles in some cases.

In any case, we recommend that you open your eyes and be receptive to discovering the different parts of the state, beyond LA or San Francisco. A city that you may love is Oakland, close to San Francisco Bay.

In this article, we will tell you everything you need to know about the Oakland real estate market, current values, upcoming prices, residential construction projects, and all the most important information.

Oakland (CA) Construction Outlook

Oakland is located in the San Francisco Bay, just 10 kilometers from San Francisco, and that is why there are times when people tend to forget about its existence. Although indeed, its skyline is not so memorable, it still has a large number of buildings that stand out and are characteristic of Oakland.

Townhouses and condos are very suburban properties if you stray away from the downtown blocks. Properties can range from typical brick and mortar to prefab wood, as the weather is quite stable (and warm) in the city of Oakland.

Oakland (CA) Housing Market Analysis and Forecast

Unlike what is happening in other California cities, in Oakland, the values ​​are going down and there is a drop in the number of properties that are sold, so at first glance, they are not positive data. However, keep in mind that 2021 was a record-breaking year for the Oakland real estate market, so current values ​​are nothing to worry about.

Whether you’re a seller, investor, or someone looking to buy a property to live in, Oakland is a good place to find some hidden gems or properties that aren’t as expensive as other parts of California.

If the values ​​of October 2022 are compared with those of the same month but in 2021, there was an 11% drop in property prices. There were also 38% fewer properties sold than in that period last year. In any case, it should not be forgotten that in the summer of this year the properties had a historical average value of more than $1M.

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