East Bay - Weekly Market Report: JAN 17 - 23, 2024

Check out this JAN 17-23, 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

In Castro Valley, the current real estate market is showing some interesting trends. There are currently 17 active listings, indicating a moderate level of housing inventory. New listings have been relatively slow, with only 2 new properties entering the market recently.

The median sold price in Castro Valley stands at $850,000, suggesting a stable market with affordable housing options for potential buyers. Homes in Castro Valley are selling quickly, with a median of just 14 days on the market.

The market is also experiencing a healthy number of pending sales, with 5 properties currently under contract. Additionally, there has been a single price change, which indicates a relatively stable pricing environment.

Danville's real estate market is quite different from Castro Valley. With 28 active listings, there is a more significant inventory of homes available. The number of new listings, at 4, shows a steady influx of properties onto the market.

The median sold price in Danville is notably higher, standing at $2,010,000. This suggests a higher-end market with more expensive properties. Homes tend to stay on the market longer, with a median of 30 days.

Danville has 6 pending sales, indicating a healthy level of buyer interest. There have been 2 price changes, potentially reflecting some negotiation room for buyers.

Dublin's real estate market is characterized by a relatively low number of active listings, with just 7 properties currently available. However, there have been 3 new listings recently, which may indicate a growing interest in the area.

The median sold price in Dublin is $980,250, positioning it as a moderately priced market. Homes tend to sell quickly, with a median of 14 days on the market.

Dublin also has a healthy number of pending sales, with 9 properties under contract. There has been 1 price change, suggesting some stability in pricing.

In Hayward, there is a more significant number of active listings, with 43 properties currently available. New listings are also coming onto the market at a steady pace, with 5 new properties listed recently.

The median sold price in Hayward is $820,000, indicating affordability compared to some neighboring cities. However, homes in Hayward tend to stay on the market longer, with a median of 47 days.

There is a strong interest from buyers, with 12 pending sales. Additionally, there have been 2 price changes, which may provide opportunities for negotiation.

 

Livermore's real estate market boasts 25 active listings, providing a reasonable selection for potential buyers. New listings have been relatively steady, with 6 new properties introduced to the market.

The median sold price in Livermore stands at $1,105,000, positioning it as a mid-range market. Homes tend to sell relatively quickly, with a median of 23 days on the market.

Livermore has 13 pending sales, indicating a strong demand from buyers. There have been 3 price changes, suggesting some market activity.

 

Pleasanton's real estate market is notable for its high median sold price, which is $4,192,000. This makes it one of the more expensive markets in the region. With 17 active listings, the selection of homes is limited, and there have been 3 new listings.

Homes in Pleasanton tend to stay on the market for an extended period, with a median of 75 days. This may reflect the higher price point.

The city has 7 pending sales and no recent price changes, indicating a relatively stable market with continued interest from buyers.

 

San Ramon's real estate market is showing a moderate level of activity. There are currently 20 active listings, with 5 new properties added to the market recently.

The median sold price in San Ramon is $1,430,000, positioning it as a mid to high-end market. Homes in San Ramon sell quickly, with a median of just 8 days on the market.

San Ramon has 10 pending sales, suggesting strong buyer demand. There has been 1 price change, indicating some activity in negotiations.

Overall Analysis:

Across these cities, there is significant variation in real estate market conditions. Danville and Pleasanton have higher median sold prices, catering to luxury buyers, while Hayward offers more affordable options. Homes in San Ramon and Dublin sell quickly, indicating strong demand, while Castro Valley and Livermore offer moderately priced homes with reasonable inventory levels.

Overall, the market appears active, with varying levels of buyer interest and price points. It's essential for both buyers and sellers to consider these trends when navigating the real estate landscape in these cities.


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
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