Market Report: More Record-Breaking Sales Prices in August
Market Report: More Record-Breaking Sales Prices in August
![](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/08/24092814/41-print-850_Ridge-10-1024x683.jpg)
Is the East Bay market back to “normal”?
The Wall Street Journal reported recently that the housing downturn may soon be over nationally. And we’re already seeing strong evidence of that locally.
East Bay home sales, which took a hard hit when interest rates began rising about a year ago, have leveled up and even broken records, according to our review of summer sales data.
We previously told you about some record-breaking sales in July. Now, check out the cities that scored all-time high median sales prices for detached single-family homes in August:
(The following numbers represent year-over-year median sales prices for August)
Alamo
- 2023 $2,450,000
- 2022 $2,220,000
- 2021 $2,410,000
- 2020 $1,875,000
Danville
- 2023 $2,010,000
- 2022 $ 2,000,000
- 2021 $1,875,000
- 2020 $1,492,500
Albany
- 2023 $1,676,500
- 2022 $1,525,000
- 2021 $1,605,000
- 2020 $1,185,000
Pleasant Hill
- 2023 $1,340,000
- 2022 $1,140,000
- 2021 $1,032,500
- 2020 $903,000
Clayton
- 2023 $1,120,000
- 2022 $1,024,950
- 2021 $990,000
- 2020 $980,000
Martinez
- 2023 $872,500
- 2022 $760,000
- 2021 $810,000
- 2020 $747,500
Concord
- 2023 $818,000
- 2022 $801,000
- 2021 $800,600
- 2020 $720,000
El Sobrante
- 2023 $740,000
- 2022 $677,500
- 2021 $737,500
- 2020 $667,500
The main factor behind the recovery is scarcity. With historically low inventory, our East Bay market doesn’t have enough homes for sale to satiate the masses of hungry buyers. Scarcity leads us right back to bidding wars and speedy sales.
![209 Northpark Ct Martinez](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/08/04113028/2_FLYER-209-N-Park-Ct-Martinez013-1024x682.jpg)
Curious about August home sales in other East Bay cities? Look no further
The following graphs refer to detached single-family homes. Sources: Bay East Association of Realtors and Contra Costa Association of Realtors.
![Alameda Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081759/Alameda-Home-Sales-August-2023.png)
![Alamo Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081803/Alamo-Home-Sales-August-2023.png)
![Albany Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081815/Albany-Home-Sales-August-2023.png)
![Berkeley Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081751/Berkeley-Home-Sales-August-2023.png)
![Castro Valley Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081811/Castro-Valley-Home-Sales-August-2023.png)
![Clayton Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081748/Clayton-Home-Sales-August-2023.png)
![Concord Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081737/Concord-Home-Sales-August-2023.png)
![Danville Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081756/Danville-Home-Sales-August-2023.png)
![El Cerrito Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081753/El-Cerrito-Home-Sales-August-2023.png)
![El Sobrante Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081825/El-Sobrante-Home-Sales-August-2023.png)
![Hayward Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081809/Hayward-Home-Sales-August-2023.png)
![Lafayette Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081743/Lafayette-Home-Sales-August-2023.png)
![Martinez Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081806/Martinez-Home-Sales-August-2023.png)
![Moraga Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081829/Moraga-Home-Sales-August-2023.png)
![Oakland Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081822/Oakland-Home-Sales-August-2023.png)
![Orinda Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081746/Orinda-Home-Sales-August-2023.png)
![Pleasant Hill Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081827/Pleasant-Hill-Home-Sales-August-2023.png)
![Richmond Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081813/Richmond-Home-Sales-August-2023.png)
![San Leandro Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081820/San-Leandro-Home-Sales-August-2023.png)
![Walnut Creek Home Sales August 2023](https://abioprodimages.s3.us-west-1.amazonaws.com/wp-content/uploads/2023/09/11081818/Walnut-Creek-Home-Sales-August-2023.png)
Don’t see your city of interest here? Get in touch, and we’ll dig up those numbers for you. 888-400-ABIO (2246) or [email protected].