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.

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