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.

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