That’s really the question you should be asking yourself.
Our market is incredibly diverse and changes rapidly. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors is. At the end of the day, the current market sets the value of your home.
So, do you know what your home is worth in today's market? Icanhelp...
Contact me for a confidential, no obligation, assessment of your home's value.
With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. This could be the reason the percentage of people who list their houses on their own, known as an FSBO, or For Sale By Owner, is at its lowest point since 1985
Here are five reasons why selling with a real estate professional makes more sense, even in today’s hot market:
1. They Know What Buyers Want To See
2. They Help Maximize Your Buyer Pool
3 They Understand the Fine Print
4. They’re Trained Negotiators
5. They Know How To Set the Right Price for Your House
There’s a lot that goes into selling your house. Instead of tackling it alone, reach out to a trusted real estate advisor to make sure you have an expert on your side throughout the entire process. Read more here.
Alameda
What's in the Alameda data?
In Alameda, the median sold price for single-family homes in July slightly decreased month-over-month to $1.5 million. The number of homes sold decreased to 33, and the number of new listings also decreased to 36. The number of condo & townhomes sales decreased monthover-month to $925,000 with 11 units sold and 27 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price has slightly increase from $1.3m last July 2021 to $1.4m in July 2022.
Condos & Townhomes
The median sales price has slightly increased from $860k last July 2021 to $925k in July 2022.
Single Family Homes
The average days on market is from 15 days last July 2021 up to 23 days by July 2022
Condos & Townhomes
The average days on market last July 2021 is 12 days up to 23 days in July 2022
Overbids
Single Family Homes
The overbid percentage is up to 122.4% last July 2021 decreased to 115% a year later.
Condos & Townhomes
The overbid percentage has gone down from 110% last July 2021 to 109 7% a year later
Albany
What's in the Albany data?
In Albany, the median sold price for single-family homes in July slightly decreased month-over-month to $1.5 million. The number of homes sold decreased to 11 and the number of new listings also decreased to 7. The number of condo & townhomes sales increased month-over-month to $915,000 with 2 units sold and 13 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is up $1 41m from July 2021 to $1 48m in July 2022
Condos & Townhomes
The median sales price has increased from $450k last July 2021 to $915k in July 2022.
Single Family Homes
The average days on the market is from 15 days last July 2021 is up to 19 days by July 2022
Condos & Townhomes
The average days on market last July 2021 is 22 days up to 29 days in July 2022.
Overbids
Single Family Homes
The overbid percentage is up to 130.5% last July 2021 decreases to 115.8% a year later.
Condos & Townhomes
The overbid percentage has gone up from 98.3% last July 2021 to 104.6% a year later.
Berkeley
What's in the Berkeley data?
In Berkeley, the median sold price for single-family homes in July slightly decreased month-over-month to $1.7 million. The number of homes sold decreased to 49 and the number of new listings also decreased slightly to 62. The number of condo & townhomes sales decreased month-over-month to $739,500 with 11 units sold and 34 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is up $1 5m from July 2021 to $1 7m in July 2022
Condos & Townhomes
The median sales price has decreased from $1 01m last July 2021 to $739k in July 2022
Single Family Homes
The average days on market is from 20 days last July 2021 to 18 days by July 2022
Condos & Townhomes
The average days on market last July 2021 is 16 days up to 24 days in July 2022.
Overbids
Single Family Homes
The overbid percentage is up to 118 8% last July 2021 which increase to 121 6% a year later
Condos & Townhomes
The overbid percentage has gone up from 110% last July 2021 to 103 9% a year later
Castro Valley
What's in the Castro Valley data?
In Castro Valley, the median sold price for single-family homes in July slightly decreased month-over-month to $1.2 million. The number of homes sold decreased to 35 and the number of new listings increased to 138. The number of condo & townhomes sales decreased month-over-month to $869,500 with 4 units sold and 12 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price has slightly decrease from $1 3m last July 2021 to $1 1m in July 2022
Condos & Townhomes
The median sales price has increased from $760k last July 2021 to $869k in July 2022
Single Family Homes
The average days on market is from 11 days last July 2021 up to 23 days by July 2022
Condos & Townhomes
The average days on market last July 2021 is 9 days up to 24 days in July 2022.
Overbids
Single Family Homes
The overbid percentage is up to 111 7% last July 2021 which decreases to 99 7% a year later
Condos & Townhomes
The overbid percentage has gone down from 108 5% last July 2021 to 98 5% a year later
ElCerrito
What's in the El Cerrito data?
In El Cerrito, the median sold price for single-family homes in July slightly decreased month-over-month to $1.2 million. The number of homes sold increased to 15 and the number of new listings also increased to 46. The number of condo & townhomes sales increased month-over-month to $1 million with 1 unit sold and 11 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price has slightly decreased from $1 2m last July 2021 to $1 1m in July 2022
Condos & Townhomes
The median sales price has increased from $890k last July 2021 to $1m in July 2022
Single Family Homes
The average days on market is from 15 days last July 2021 up to 23 days by July 2022
Condos & Townhomes
The average days on market last July 2021 is 52 days down to 0 days in July 2022.
Overbids
Single Family Homes
The overbid percentage is up to 132 50% last July 2021 which decreases to 118 2% a year later
Condos & Townhomes
The overbid percentage has gone down from 112 30% last July 2021 to 109 5% a year later
El Sobrante
What's in the El Sobrante data?
In El Sobrante, the median sold price for single-family homes in July was static month-over-month at $815,000. The number of homes sold decreased to 7 and the number of new listings also decreased to 21. The number of condo & townhomes sales increased month-over-month to $419,000 with 1 unit sold and 6 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is up $789k from July 2021 to $815k on July 2022
Condos & Townhomes
The median sales price has increased from $270k last July 2021 to $419k in July 2022
Single Family Homes
The average days on market is from 17 days last July 2021 to 17 days by July 2022
Condos & Townhomes
The average days on market last July 2021 is 0 days up to 26 days in July 2022.
Overbids
Single Family Homes
The overbid percentage is up to 115 2% last July 2021 which decreased to 97 1% a year later
Condos & Townhomes
The overbid percentage has no changes from 100% last July 2021 to 100% a year later
Emeryville
What's in the Emeryville data?
In Emeryville, the median sold price for single-family homes in July increased month-over-month to $1.3 million. The number of homes sold increased to 2 and the number of new listings decreased to 2. The number of condo & townhomes sales decreased marginally month-over-month to $649,000 with 9 units sold and 49 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is up $0 from July 2021 to $1 2m in July 2022
Condos & Townhomes
The median sales price has gone up from $530k last July 2021 to $649k in July 2022
AVGDays OntheMarket
Single Family Homes
The average days on market is from 0 days last July 2021 to 0 days by July 2022
Condos & Townhomes
The average number of days on market last July 2021 is 20 days up to 33 days in July 2022
Overbids
Single Family Homes
The overbid percentage is up to 0% last July 2021 to 111 4% a year later
Condos & Townhomes
The overbid percentage has gone down from 104 2% last July 2021 to 102 7% a year later
Fremont
What's in the Fremont data?
In Fremont, the median sold price for single-family homes in July slightly decreased slightly month-over-month to $1.6 million. The number of homes sold decreased to 83 and the number of new listings increased to 310. The number of condo & townhomes sales decreased month-over-month to $720,000 with 47 units sold and 206 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price increased from $1 5m in July 2021 to $1 6m in July 2022
Condos & Townhomes
The median sales price slightly decreased from $790k in July 2021 to $720k in July 2022
Single Family Homes
The average days on market increased from 10 day last July 2021 to 21 days by July 2022
Condos & Townhomes
The average days on market increased from 20 days in July 2021 to 29 days this year.
Overbids
Single Family Homes
The overbid percentage decreased from 111 2% last July 2021 to 100 8% a year later
Condos & Townhomes
The overbid percentage decreased from 104 5% last July 2021 to 99 9% a year later
Hayward
What's in the Hayward data?
Hayward’s median sold price for single-family homes in July slightly decreased month-over-month to $900,000. The number of homes sold decreased to 61 and the number of new listings increased to 257. The number of condo & townhomes sales was static month-over-month at $660,000 with 36 units sold and 87 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price slightly decreased from $920k in July 2021 to $900k in July 2022
Condos & Townhomes
The median sales price increased from $607k in July 2021 and $660k in July 2022
Single Family Homes
The average days on market increased from 12 day last July 2021 to 23 days by July 2022
Condos & Townhomes
The average days on market increased from 14 days in July 2021 to 22 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 112 7% last July 2021 to 99 7% a year later
Condos & Townhomes
The overbid percentage decreased from 106 9% last July 2021 to 101 6% a year later
Lafayette
What's in the Lafayette data?
Lafayette’s median sold price for single-family homes in July slightly decreased month-over-month to $1.9 million. The number of homes sold decreased to 28 and the number of new listings increased to 77. The number of condo & townhomes sales decreased month-over-month to $861,624 with 4 units sold and 8 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price slightly decreased from $2m in July 2021 to $1 9m in July 2022
Condos & Townhomes
The median sales price increased from $790k in July 2021 to $1 1m in July 2022
Single Family Homes
The average days on market increased from 14 day last July 2021 to 21 days by July 2022
Condos & Townhomes
The average days on market decreased from 102 days in July 2021 to 16 days this year.
Overbids
Single Family Homes
The overbid percentage decreased from 105 7% last July 2021 to 101 1% a year later
Condos & Townhomes
The overbid percentage increased from 97 7% last July 2021 to 101 9% a year later
Moraga
What's in the Moraga data?
Moraga’s median sold price for single-family homes in July slightly decreased month-over-month to $1.5 million. The number of homes sold decreased to 8 and the number of new listings increased to 26. The number of condo & townhomes sales decreased month-over-month to $775,000 with 8 units sold and 11 new listings. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home
The median sales price decreased from $2m in July 2021 to $1 5m in July 2022
Condos & Townhomes
The median sales price decreased from $837k in July 2021 to $775k in July 2022
Single Family Homes
The average days on market slightly decreased from 12 day last July 2021 to 10 days by July 2022
Condos & Townhomes
The average days on market increased from 10 days in July 2021 to 19 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 107 8% last July 2021 to 99 3% a year later
Condos & Townhomes
The overbid percentage decreased from 109 3% last July 2021 to 106 9% a year later
Newark
What's in the Newark data?
Newark’s median sold price for single-family homes in July slightly increased month-over-month to $1.5 million, just short of an all-time high of $1.6 million in May. The number of homes sold decreased to 17 and the number of new listings increased to 100. The number of condo & townhomes sales decreased month-over-month to $745,000 with 11 units sold and 39 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price increased from $1 1m in July 2021 to $1 5m in July 2022
Condos & Townhomes
The median sales price increased from $600k in July 2021 to $745k in July 2022
Single Family Homes
The average days on market increased from 14 day last July 2021 to 18 days by July 2022
Condos & Townhomes
The average days on market increased from 12 days in July 2021 to 17 days this year.
Overbids
Single Family Homes
The overbid percentage decreased from 108 2% last July 2021 to 99 6% a year later
Condos & Townhomes
The overbid percentage slightly decreased from 104 3% last July 2021 to 103 6% a year later
Oakland
What's in the Oakland data?
Oakland’s median sold price for single-family homes in July slightly increased month-over-month to $1.1 million. The number of homes sold decreased to 201 and the number of new listings increased to 701. The number of condo & townhomes sales increased month-over-month to $640,000 with 63 units sold and 282 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Last 12 months, year-over-year. Condos & Townhomes
Last 12 months, year-over-year
Median SalesPrice
Single Family Homes
The median sales price slightly decreased from $1 115m in July 2021 to $1 1m in July 2022
Condos & Townhomes
The median sales price decreased from $659k in July 2021 to $640k in July 2022
Single Family Homes
The average days on market increased from 17 day last July 2021 to 23 days by July 2022
Condos & Townhomes
The average days on market increased from 28 days in July 2021 to 34 days this year.
Overbids
Single Family Homes
The overbid percentage decreased from 123 7% last July 2021 to 118 6% a year later
Condos & Townhomes
The overbid percentage decreased from 106 4% last July 2021 to 101 1% a year later
Orinda
What's in the Orinda data?
Orinda’s median sold price for single-family homes in July slightly decreased to $1.8 million, down from last month’s all-time high of $2.4 million. The number of homes sold decreased to 18 and the number of new listings also decreased to 72. The number of condo & townhomes sales decreased month-over-month to $0 with 0 units sold and 1 new listing. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Median Sale vs List 0 Avg Days on Market 0 Sold Listings
Orinda
Single Family Homes
Last
Last 12 months, year-over-year
Median SalesPrice
Single Family Homes
The median sales price slightly decreased from $2m in July 2021 to $1 8m in July 2022
Condos & Townhomes
The median sales price decreased from $478 in July 2021 to $0 in July 2022
Single Family Homes
The average days on market increased from 12 day last July 2021 to 22 days by July 2022
Condos & Townhomes
The average days on market decreased from 7 days in July 2021 to 0 days this year.
Overbids
Single Family Homes
The overbid percentage decreased from 112 7% last July 2021 to 103 1% a year later
Condos & Townhomes
The overbid percentage decreased from 99 7% last July 2021 to 0% a year later
Piedmont
What's in the Piedmont data?
Piedmont’s median sold price for single-family homes in July slightly decreased month-over-month to $2.2 million. The number of homes sold decreased to 12 and the number of new listings also decreased to 25. The number of condo & townhomes sales was static at $0 month-overmonth with 0 units sold and 0 new listings. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is down $2 3m from July 2021 to $2 2m on July 2022
Condos & Townhomes
The median sales price is from $0 last July 2021 to still $0 on July 2022
Single Family Homes
The average days on market is from 12 days last July 2021 up to 35 days by July 2022
Condos & Townhomes
The average days on market last July 2021 is 0 days to still 0 days on July 2022.
Overbids
Single Family Homes
The overbid percentage is up to 114 2% last July 2021 which decreased to 110 4% a year later
Condos & Townhomes
The overbid percentage is from 0% last July 2021 to 0% a year later
Pleasanton
What's in the Pleasanton data?
Pleasanton’s median sold price for single-family homes in July slightly decreased slightly month-over-month to $1.7 million. The number of homes sold decreased to 59 and the number of new listings also decreased to 151. The number of condo & townhomes sales increased to $860,000 month-over-month with 3 units sold and 37 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is up $1 6m from July 2021 to $1 7m on July 2022
Condos & Townhomes
The median sales price has increased from $848k last July 2021 to $860k on July 2022
Single Family Homes
The average days on market is from 9 days last July 2021 up to 27 days by July2022
Condos & Townhomes
The average days on market last July 2021 is 10 days up to 19 days on July 2022.
Overbids
Single Family Homes
The overbid percentage is up to 109 1% last July 2021 which decreased to 96 4% a year later
Condos & Townhomes
The overbid percentage has gone down from 109% last July 2021 to 101% a year later
Richmond
What's in the Richmond data?
Richmond’s median sold price for single-family homes in July slightly decreased month-over-month to $665,000. The number of homes sold increased to 55 and the number of new listings also increased to 198. The number of condo & townhomes sales increased month-over-month to $642,500, reaching an all-time high, with 14 units sold and 46 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is down $740k from July 2021 to $665k on July 2022
Condos & Townhomes
The median sales price has increased from $501k last July 2021 to $642k on July 2022
Single Family Homes
The average days on market is from 21 days last July 2021 up to 24 days by July 2022
Condos & Townhomes
The average days on market last July 2021 is 22 days to 28 days on July 2022.
Overbids
Single Family Homes
The overbid percentage is down to 113 7% last July 2021 which decreased to 107 4% a year later
Condos & Townhomes
The overbid percentage has gone down from 104 8% last July 2021 to 99 5% a year later
San Leandro
What's in the San Leandro data?
San Leandro’s median sold price for single-family homes in July slightly increased month-over-month to $949,000. The number of homes sold decreased to 34 and the number of new listings increased to 137. The number of condo & townhomes sales decreased month-over-month to 560,000 with 8 units sold and 40 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is up $900k from July 2021 to $949k on July 2022
Condos & Townhomes
The median sales price has increased from $542k last June 2021 to $560k on July 2022
Single Family Homes
The average days on market is from 15 days last July 2021 up to 22 days by July 2022
Condos & Townhomes
The average days on market last July 2021 is 15 days up to 17 days on July 2022.
Overbids
Single Family Homes
The overbid percentage is up to 113 1% last July 2021 which decreased to 109 2% a year later
Condos & Townhomes
The overbid percentage has gone down from 107 1% last July 2021 to 104 1% a year later
San Lorenzo
What's in the San Lorenzo data?
San Lorenzo's median sold price for single-family homes in July slightly decreased slightly month-over-month to $849,500. The number of homes sold decreased to 16 and the number of new listings increased to 42. The number of condo & townhomes sales increased month-over-month to $540,000 with 2 units sold and 6 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
0 Months of Inventory $540K Median Sale Price 101.5% Median Sale vs List 0 Avg Days on Market
SanLorenzo
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Median SalesPrice
Single Family Homes
The median sales price is down $850k from July 2021 to $849k on July 2022
Condos & Townhomes
The median sales price has decreased from $595k last July 2021 to $540k on July 2022
Single Family Homes
The average days on market is from 10 days last July 2021 up to 41 days by July 2022
Condos & Townhomes
The average days on market last July 2021 is 10 days down to 0 days on July 2022.
Overbids
Single Family Homes
The overbid percentage is down to 110 1% last July 2021 to 99 9% a year later
Condos & Townhomes
The overbid percentage has gone down from 106 2% last July 2021 to 101 5% a year later
SanPablo
What's in the San Pablo data?
San Pablo’s median sold price for single-family homes in July slightly decreased slightly month-over-month to $610,000. The number of homes sold decreased to 7 and the number of new listings increased to 64. The number of condo & townhomes sales increased month-over-month to $498,000 with 6 units sold and 15 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is down $675k from July 2021 to $610k on July 2022
Condos & Townhomes
The median sales price has decreased from $570k last July 2021 to $498k on July 2022
Single Family Homes
The average days on market is from 18 days last July 2021 up to 24 days by July 2022
Condos & Townhomes
The average days on market last July 2021 is 22 days up to 36 days on July 2022
Overbids
Single Family Homes
The overbid percentage is down to 105 5% last July 2021 to 103 9% a year later
Condos & Townhomes
The overbid percentage has gone down from 110 8% last July 2021 to 102 3% a year later
Union City
What's in the Union City data?
In Union City the median sold price for single-family homes in July slightly decreased slightly month-over-month to $1.3 million. The number of homes sold decreased to 15 and the number of new listings increased to 102. The number of condo & townhomes sales decreased monthover-month to $810,000 with 9 units sold and 30 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
