East Bay - Weekly Market Report: NOV 29 - DEC 5, 2023

Check out this NOV 29 - DEC 5, 2023 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 Characteristic: Limited inventory with only 19 active listings, indicating a seller's market.
  • Trends: Quick sales, as seen with a median of 6 days on the market, suggesting high demand.
  • Analysis: The low number of new listings (1) combined with a moderate number of sales indicates a stable but competitive market. The median sold price ($896,000) is relatively affordable compared to neighboring areas, possibly attracting more first-time buyers.

  • Market Characteristic: Luxury market, evident from the high median sold price ($1,954,000).
  • Trends: No price change suggests a stable market with consistent demand and pricing.
  • Analysis: The quick turnover (median 6 days on market) coupled with a good number of active listings (50) indicates a healthy, dynamic market. The higher price point may attract more affluent buyers looking for premium properties.

  • Market Characteristic: A relatively expensive market with a high median sold price ($1,650,000).
  • Trends: Steady market activity with 22 active listings and a reasonable rate of sales (13 sold).
  • Analysis: Dublin's market is attractive to buyers looking for high-value properties in a less crowded market. The balance between listings and sales shows a stable market, neither too fast-paced nor stagnant.

  • Market Characteristic: Most active and diverse market with 59 active listings.
  • Trends: Longer sales duration (16 days) indicates a more buyer-friendly market.
  • Analysis: The lowest median sold price ($781,500) in the group, combined with a high number of listings, suggests Hayward is a more accessible and affordable market, possibly appealing to a broader range of buyers.

  • Market Characteristic: Moderately paced market with a higher median sold price ($1,020,000).
  • Trends: The longer median days on the market (20) suggests a slower sales cycle.
  • Analysis: Livermore offers a balance between luxury and accessibility. The slower sales pace indicates that buyers might have more negotiating power here, and sellers may need to be more patient.

  • Market Characteristic: High-end market, reflected in its high median sold price ($1,573,888).
  • Trends: A balanced number of active listings (31) and sales (9 sold) indicates a stable market.
  • Analysis: Pleasanton attracts buyers looking for premium properties in a less hectic market environment. The reasonable median days on the market (10) suggests a well-balanced demand and supply.

  • Market Characteristic: Similar to Pleasanton in terms of pricing and market dynamics.
  • Trends: A good balance between active listings (37) and sales pace (14 sold).
  • Analysis: San Ramon’s market is competitive but not overly saturated, offering opportunities for both buyers and sellers. The quick median sales time (7 days) implies a strong demand for properties in this area.

  • Market Diversification: Each city presents a unique real estate landscape. From luxury markets in Danville and Pleasanton to more affordable and dynamic markets like Hayward.
  • Buyer and Seller Dynamics: Cities like Castro Valley and San Ramon are more seller-oriented with quick sales times, whereas Hayward and Livermore offer more opportunities and negotiating power to buyers.
  • Investment Opportunities: For investors, cities with a balanced market like Dublin and Pleasanton might offer stable opportunities, while rapidly moving markets like Castro Valley could offer quick returns.


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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