East Bay - Weekly Market Report: DEC 27, 2023 - JAN 2, 2024

Check out this DEC 27, 2023 - JAN 2, 2024 market report! Get the best insights on when to place a plan for your new home with this weekly market guide in East Bay.

📍 Castro Valley 📍 Danville 📍 Dublin 📍 Hayward
📍 Livermore 📍 Pleasanton 📍 San Ramon

  • Market Characterization: With only 8 active listings and no new or pending listings, Castro Valley's market is relatively static. The high median sold price of $1,370,000 reflects a premium market segment.
  • Current Trends: The quick median sale time of 15 days, despite low activity, indicates a strong demand for available properties. This suggests a seller's market, with limited supply driving prices.

  • Market Characterization: Danville shows a healthy market with 19 active listings and a higher median sold price of $1,537,500. However, the absence of new listings indicates a potential stagnation.
  • Current Trends: With an average of 15 days on the market, properties in Danville are moving at a steady pace. The lack of price changes suggests a stable market with consistent demand.

  • Market Characterization: Dublin’s real estate market is tightening, evidenced by 7 active listings and a lower median sold price of $1,227,750 compared to its neighbors.
  • Current Trends: The notably higher median days on the market (50 days) indicates that properties are taking longer to sell, potentially due to pricing or less demand in this area.

  • Market Characterization: With 39 active listings, Hayward presents a more dynamic market. The median sold price of $920,000 is the lowest among the cities, indicating a more accessible market segment.
  • Current Trends: Properties in Hayward are selling rapidly (10 median days on the market), signifying strong demand and a competitive market for buyers.

  • Market Characterization: Livermore shows significant activity with 21 active listings and the highest number of sold properties (9). The median sold price of $970,000 positions it in a moderately priced market.
  • Current Trends: A quick median sale time of 11 days and occasional price changes reflect a vibrant market with healthy buyer interest and competition.

  • Market Characterization: With 15 active listings and a median sold price of $1,290,000, Pleasanton’s market is thriving but somewhat exclusive.
  • Current Trends: The fastest median sale time among the cities (9 days) and a notable number of new listings (3) suggest a highly competitive market, likely driven by both location desirability and quality of living.

  • Market Characterization: San Ramon features 23 active listings with a median sold price of $1,347,000. The market here is active but leans towards higher-end properties.
  • Current Trends: With median days on the market at 18 and minimal price changes, the market in San Ramon is steady, offering a balance for both buyers and sellers.

Overall Analysis

The Bay Area real estate market exhibits diverse trends. Higher-end markets like Danville, Pleasanton, and San Ramon show stability with consistent demand and prices, reflecting their appeal to a specific buyer segment. In contrast, cities like Hayward and Livermore, with more moderate pricing, display more dynamic markets with quicker sales and more competitive environments. Dublin’s slower sales indicate a potential for market adjustments or a niche buyer profile. Castro Valley, with its high price point and low inventory, might be experiencing a market cooldown, presenting opportunities for strategic buyers or sellers.


Want more professional advice on buying houses or listing your home in San Francisco Bay Area? 
Contact Tracy Tang Team for more exclusive info:

TRACY TANG
DRE# 01956297
(415)828-2961
[email protected]   
ALEX LAU
DRE# 01979954
(408)207-6113
[email protected]

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