While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for potential buyers is that you don’t need a score that high to qualify for a mortgage. Let’s ...Read More
Perhaps best described as ethnically diverse, culturally balanced, and conveniently located, East Bay represents the eastern portion of the San Francisco Bay Area, and is also where you’ll find the noteworthy cities of Oakland, Pleasanton, San Ramon, and Berkeley, which of course is home to the flagship campus of the University of California. In recent years, Hayward, San Leandro, Concord, and Fremont have also seen substantial growth, which can largely be attributed to increasing home prices in San Francisco that still seem to be on the rise, even today.
It’s estimated that right around 2.5 million people call East Bay home, which is enough to make it the most populated subregion in the entire Bay Area. The city of Oakland is currently East Bay’s largest in terms of population, and its port is also the largest and most prominent in all of Northern California. Despite Alameda and Contra Costa counties really being the only recognized parts of East Bay, it doesn’t actually have formal boundaries, which tends to surprise most outsiders given its reputation, history, and unique culture.
Small to medium-sized single-family homes make up the bulk of East Bay’s real estate market, although interested home buyers will find just about anything here from entry-level condos to sprawling mansion estates up in the hills. With a job market that continues to flourish and expand, also look for East Bay home prices to also be on the rise in the coming months, years, and beyond, especially in some of the region’s more sought-after suburban communities like Fremont, Pleasanton, Piedmont, and Castro Valley. For the most part, look for some of the most expensive homes and country estates in East Bay to top out somewhere close to $6 million, while entry-level homes and condos considered to be move-in ready will usually start somewhere in the $300,000 to $400,000 price range.
People aren’t the only ones moving to East Bay right now as the region’s list of major corporations and big business headquarters continues to grow seemingly every year. If you’re someone who is hoping to both live and work in East Bay, the area’s largest employers include the University of California Berkeley, AT&T Inc., Lawrence Livermore National Laboratory, and the Chevron Corp, but the list of big time employers certainly doesn’t stop there. As for amenities, attractions, and other lifestyle and entertainment destinations, East Bay boasts quite the variety of music venues and theaters, and major museums in the region include Oakland Museum of California, the Lawrence Hall of Science, and the Chabot Space and Science Center. Parks and outdoor recreational amenities are also prominent all over East Bay and the East Bay Regional Parks District manages well over 50 parks and protected nature areas that feature plenty of open green spaces, hiking trails, mountain bike paths, and other great features that allow locals to get outside and enjoy staying active.