Tri-Valley & South Alameda County - Real Estate October 2022 Report

Tri-Valley & South Alameda County real estate market is thriving. This report will give you an inside look at the latest trends in our market, including sales price and inventory data, as wel as information on luxury homes. We’ll also take a look at what’s happening with rental rates so you can make informed decisions about your next move.

As of November 3, 2022 the Mortgage Interest Rates are as follows: 30-Year Fixed (6.95%), 15-Year Fixed (6.29%), and 5/1 Adjustable (5.95%.)

The 3-month rolling, Alameda County median house sales price in October 2022 was down about 4%. In Tri-Valley it was down by 3%. On the other hand, the 3-month rolling, Alameda County median condo sales price was down by 3% as well. Comparing to the data of October 2021, the number of home sales in October 2022 was down approximately 37%. 

The average sales-price-to-list-price percentage for October 2022 is 18 points less to 3% below list price compared to the data in March 2022. As of November 1, 2022 there are 916 Active & Coming Soon Listings. Since April 2022 the percentage of active listings expire or are withdrawn without being sold had tripled for October 2022. The percentage of sales closed over final list price is now at 50%, which is 23% less than the data in April of 2022. This shows an increase in overbidding.

Check below to see the graphs and charts for this market report:


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