94608, Emeryville, CA

Emeryville, CA is located in the East Bay region of the San Francisco Bay Area. The city has a population of around 94,608 and is known for its technology and creative industries. Home prices in Emeryville have increased significantly over the past few years, reaching a median price of $1,085,000 in March 2017. This has made Emeryville one of the most expensive cities in California to live in.

The main drivers of home prices in Emeryville are strong demand from buyers and limited supply. The city has a high population density and many people are looking to buy homes here because they believe that it will continue to grow rapidly. Additionally, there is a large number of tech companies located in Emeryville which attracts many people who want to be close to these businesses. This has led to an increase in demand for housing units and consequently an increase in home prices.

There are some factors that could lead to a decrease in home prices in Emeryville. For example, if there were a sudden decrease in demand for housing units or if there were more available units than buyers wanted, this would lead to lower home prices. Another potential factor that could lead to lower home prices is if the economy weakens and people lose their jobs or if they can no longer afford their mortgages payments. However, so far there does not seem to be any clear trend indicating that either of these things will happen soon enough for homeowners' equity values to decline significantly.