Real Estate Market Update for Albany, CA
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was up more than 150% from one year earlier, and down 11% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 660-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 33%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 1.05-million dollars. The number of units sold decreased 11% year-over-year, and decreased 38% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Albany, CA
Area Information for Albany, CA
  • Population: 20,779
  • Median Age: 38.93 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 10%
  • Population Density: 11,619/sq mi
  • Population Change Since 2000: 26.36%
  • Closest Airport: Metropolitan Oakland International
  • Closest College: Dominican School Of Philosophy-theology
  • Closest Jr. College: Berkeley City College
  • Median Household Income: $83,968
  • Annual Residential Turnover: 14%
  • Median Home Sales Price: $713,000
  • Closest Major Sports Team: San Francisco Giants
  • Change Avg. Household Income Since 2000: 59.29%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Albany, CA
Median Age: 38.93 Married: 47% Number of Households: 8,304 Households with Children: 3,395
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Albany, CA

      School Name Distance Type Grades School Rating Parent Rating
      Marin Elementary School 0.3 mi Public K-5 5 0
      Saint Mary's College High School 0.4 mi Catholic 9-12 0 4
      Cornell Elementary School 0.4 mi Public K-5 5 0
      School For Independent Learners - East Bay 0.5 mi Private 6-12 0 0
      Tilden Preparatory School 0.5 mi Private 6-12 0 0
      Ocean View Elementary School 0.6 mi Public K-5 4 0
      Franklin Preschool 0.7 mi Public PRESCHOOL-PRESCHOOL 0 0
      Albany High School 0.8 mi Public 9-12 5 4
      Macgregor High (continuation) School 0.8 mi Public 9-12 0 0
      Hopkins Early Childhood 0.8 mi Public PRESCHOOL-PRESCHOOL 0 0
      Thousand Oaks Elementary School 0.8 mi Public K-5 4 0
      Albany Adult School 1.0 mi Public - 0 0
      Albany Middle School 1.0 mi Public 6-8 5 0
      Realm Charter Middle School 1.2 mi Public 6-8 2 0
      Realm Charter High School 1.2 mi Public 9-12 2 3
      Black Pine Circle School 1.2 mi Private K-8 0 0
      Oxford Elementary School 1.3 mi Public K-5 4 0
      Rosa Parks Environmental Science Magnet School 1.3 mi Public K-5 4 0
      Via Center 1.3 mi Private UNGRADE-UNGRADE 0 0
      Ecole Bilingue De Berkeley 2.1 mi Private PRESCHOOL-8 0 0
      Growing Light Montessori School Of Kensington 2.1 mi Private - 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Albany, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.