Nearly half of the Oakand lofts and Oakland condos sold in the past year have been short sales or bank owned units. They have sold for significantly less than market rate condos.
In fact, short sales, on average, are selling for less per square foot that bank owned units.
And the supply of bank owned and short sale Oakland condos is falling as a proportion of all the condos on the market. Only a year ago, 60-70% of all condos on the market were distressed sales. Today that figure is 40%.
While the market for Oakland condos continues to be a buyers' market, the opportunity to pick up a true bargain, is closing in and won't last.
Submit your contact information below and we will respond in one business day with a list of all the condos now on the market that are short sales and bank owned units. This list is updated weekly.
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Oakland Condo Bargains.com
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