Jaideep Singh - October 2023 Market Report | Fremont by Procasa Technologies, Inc

October 2023

Fremont area

Milpitas

Jump to Milpitas Report

Fremont

Jump to Fremont City Report

Newark

Jump to Newark Report

Union City

Jump to Union City Report

Hayward

Jump to Hayward Report

Castro Valley

Jump to Castro Valley Report

San Leandro

Jump to San Leandro Report

Tri-Cities

(Fremont, Newark & Union City)

Jump to Tri-Cities Report

Pleasanton

Jump to Pleasanton Report

San Ramon

Jump to San Ramon Report

Livermore

Jump to Livermore Report

Cupertino

Jump to Livermore Report

Oakland

Jump to Livermore Report

What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

UnderstandingtheBenefitsof OwningYourFirstHome

Are you considering buying your first home? If so, it can be helpful to know what led other people to make that decision. According to a recent survey of first-time homebuyers by PulteGroup:

“When asked why they purchased their first home recently, the answer was simple: because they wanted to. Either the desire to stop renting or recognition that homeownership is a smart financial investment was the main motivator for 72% of respondents.”

While that survey looked specifically at first-time homebuyers buying newly built homes, the same sentiment is true for just about anyone buying their first home. Here’s a bit more information to help you think about those two benefits of homeownership to see if they’re a key factor for you, too.

Your Personal "Easy" button

Enjoy our silky smooth platform, along with passionate, live support from your dedicated Finance Manager. Mortgage expertise at every step!

Get Pre-Approved Online In Minutes without affecting your credit score! Our Fast Digital Loan Process...

Get Fast Loan Pre-Approval

Get pre-approved online in minutes! Your personal Finance Manager is there to help!

Find A Great Rate Quickly Stop Worrying

Your Finance Manager sources a vast array of wholesale & retail lenders for your best rate. Your Finance Manager does the heavy lifting. So you get to funding quickly & easily.

Let our financial tools work hard for you.

We gather the largest array of wholesale & retail lenders to compete for your loan! So you get the lowest rate while we do the work.

WHY YOU NEED A HOME WARRANTY

There are many compelling reasons to join American Home Shield. Simply put — a home warranty protects your budget and provides peace of mind.

HOME WARRANTY BENEFITS

Here are just a few of the advantages of having coverage:

1 Budget protection when systems and appliances like your A/C and fridge inevitably stop working.

2 Peace of mind because you have a plan in place and know exactly who to call when something goes wrong.

3 The time-saving convenience of not having to search for someone to get the job done. We do that for you.

4 With our 30-day workmanship guarantee, if you have an issue with your completed repair within 30 days of service, we’ll send a contractor back out for free. Contact me, your Real Estate Expert, for support and to learn more about AHS.

Considering living in your house during a remodel?

FOUR Essential Tips

Opting to stay in your home during a remodel can feel like a stressful and cramped arrangement. It can be frustrating to live amidst subcontractors coming and going, noise levels, dust and debris, and rotating schedules.

If you ’ re considering staying in your home during a remodel, we have a handful of tips that will help you master your planning (and muster your patience):

Protect kids, elderly, and pets

Four Essentia Tips!

Move any food, supplies, and belongings

Designate your work, living, and play areas

Get a kitchen and bathroom strategy in place

Be sure to contain and clean the areas that you will be using to ensure that your children, seniors, and pets are out of harm's way and breathing clean air

Identifying essential items that you’ll need throughout the project and moving them to a room that will remain utilized throughout the process. Organize boxes of items by category so that they’re easy to locate and keep tidy.

Temporary barriers, substitute facilities, and alternate routes can be set up to help keep you and your family clear of dust, noise, and any dangers from the active worksite.

Strategize renovating one bathroom at a time so others can stay in use throughout the process. Planning a daily schedule helps everyone get their needs met without creating a traffic jam and thereby minimize stress.

Milpitas

What's in the Milpitas data?

There were 45 single-family homes for sale, providing 1.3 months of inventory. There were 20 new listings and 18 homes sold at a median price of $1.4m. The median overbid percentage was 103.8%, with an average of 14 days on the market.

There were 43 condo and townhome units for sale, providing 1.1 months of inventory. There were 15 new listings and 15 units sold at a median sale price of $1.1m. The median overbid percentage was 102.9%, with an average of 28 days on the market.

mily Homes

ory

18 Sold Listings

$1.4M Median Sale Price

8% ist

14 Avg Days on Market

Broker Metrics, includes all single-family homes, condos and California Area from September 2022 to September 2023. This may and may vary from the time the data was gathered. All data is guaranteed. DRE# 01345026. Copyright KW Advisors Fremont 2023. Each office is independently owned and operated.

New Listings

15 Sold Listings

1.1

Months of Inventory $1.1M Median Sale Price

102.9%

Median Sale vs List

28 Avg Days on Market

SEPTEMBER 2022 - SEPTEMBER 2023

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 has increased from $1 2m last September 2022, to $1 4m as of September 2023

Condos & Townhomes

The median sales price has remained at $1 1m since September 2022

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 23 days last September 2022, to 14 days as of September 2023

Condos & Townhomes

The average time spent on the market went up from 24 days in September 2022, to 28 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 6% last September 2022, to 103 8% a year later

Condos & Townhomes

The overbid percentage has increased from 97.3% last September 2022, to 102.9% a year later.

Fremont

What's in the Fremont data?

There were 135 single-family homes for sale, providing 0.9 months of inventory. There were 81 new listings, and 90 homes sold at a median price of $1.6m. The median overbid percentage was 105.3%, with an average of 16 days on the market.

There were 111 condo and townhome units for sale, providing 2.6 months of inventory. There were 39 new listings and 37 units sold at a median price of $868k. The median overbid percentage was at 102.5%, with an average of 20 days on the market.

Single-Family Homes

81 New Listings

90 Sold Listings

0.9 Months of Inventory

$1.6M Median Sale Price

105.3% Median Sale vs List

16 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from September 2022 to September 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01345026. Copyright KW Advisors Fremont 2023. Each office is independently owned and operated.

New Listings

37 Sold Listings

2.6

Months of Inventory

$868K Median Sale Price

102.5%

Median Sale vs List

20 Avg Days on Market

SEPTEMBER 2022 - SEPTEMBER 2023

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 has increased from $1 5m last September 2022, to $1 6m as of September 2023

Condos & Townhomes

The median sales price has increased from $800k last September 2022, to $868k as of September 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 28 days last September 2022, to 16 days as of September 2023

Condos & Townhomes

The average time spent on the market went up from 18 days in September 2022, to 20 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 98% last September 2022, to 105 3% a year later

Condos & Townhomes

The overbid percentage has increased from 99.5% last September 2022, to 102.5% a year later.

Newark

What's in the Newark data?

There were 40 single-family homes for sale, providing 1.2 months of inventory. There were 21 new listings and 25 homes sold at a median price of $1.3m. The median overbid percentage was 106.1%, with an average of 7 days on the market.

There were 15 condo and townhome units for sale, providing 0.4 months of inventory. There were 11 new listings and 13 units sold at a median price of $665k. The median overbid percentage was 104%, with an average of 12 days on the market.

Single-Family Homes

21 New Listings

25 Sold Listings

1.2 Months of Inventory

$1.3M Median Sale Price

106.1% Median Sale vs List

7 Avg Days on Market

Newark

SEPTEMBER 2022 - SEPTEMBER 2023

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 has increased from $1 2m last September 2022, to $1 3m as of September 2023

Condos & Townhomes

The median sales price has decreased from $682k last September 2022, to $665k as of September 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 30 days last September 2022, to 7 days as of September 2023

Condos & Townhomes

The average time spent on the market went down from 33 days in September 2022, to 12 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 95 2% last September 2022, to 106 1% a year later

Condos & Townhomes

The overbid percentage has increased from 96.3% last September 2022, to 104.1% a year later.

UnionCity

What's in the Union City data?

There were 43 single-family homes for sale, providing 1.5 months of inventory. There were 26 new listings and 16 homes sold at a median price of $1.4m. The median overbid percentage was 106.8%, with an average of 16 days on the market.

There were 23 condo and townhome units for sale, providing 1.2 months of inventory. There were 13 new listings and 9 units sold at a median price of $690k. The median overbid percentage was 103.7%, with an average of 14 days on the market.

Single-Family Homes

26 New Listings

16 Sold Listings

1.5 Months of Inventory

$1.4M Median Sale Price

106.8% Median Sale vs List

16 Avg Days on Market

13 New Listings

Listings

SEPTEMBER 2022 - SEPTEMBER 2023

LISTINGS FOR SALE SOLD LISTINGS

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 has increased from $1 2m last September 2022, to $1 4m as of September 2023

Condos & Townhomes

The median sales price has increased from $640k last September 2022, to $690k as of September 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 27 days last September 2022, to 16 days as of September 2023

Condos & Townhomes

The average time spent on the market went down from 24 days in September 2022, to 14 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 95% last September 2022, to 106 8% a year later

Condos & Townhomes

The overbid percentage has increased from 99.8% last September 2022, to 103.7% a year later.

Single-Family Homes

74 New Listings

1 Month of Inventory

57 Sold Listings

$970K Median Sale Price

104.9%

Median Sale vs List

20 Avg Days on Market

New Listings

26 Sold Listings

1.2 Months of Inventory $727K

LISTINGS FOR SALE SOLD LISTINGS

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 has increased from $860k last September 2022, to $970k as of September 2023

Condos & Townhomes

The median sales price has increased from $595k last September 2022, to $727k as of September 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 31 days last September 2022, to 20 days as of September 2023

Condos & Townhomes

The average time spent on the market went up from 36 days in September 2022, to 43 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 97 5% last September 2022, to 104 9% a year later

Condos & Townhomes

The overbid percentage has increased from 98.1% last September 2022, to 101.5% a year later.

Valley Castro

What's in the Cast data?

There were 53 single-family h providing 1 month of invento new listings and 22 homes s of $1.1m. The median overbi 107 1%, with an average of 2

There were 8 condo and tow providing 1 month of invento listings, and 1 unit sold at a m $420k. The median overbid p 93.5%, with an average of 28

Single-Family Homes

29 New Listings

1 Month of Inventory

22 Sold Listings

$1.1M Median Sale Price

107.1%

Median Sale vs List

20 Avg Days on Market

3 New Listings

LISTINGS FOR SALE SOLD LISTINGS

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 has increased from $1m last September 2022, to $1 1m as of September 2023

Condos & Townhomes

The median sales price has decreased from $909k last September 2022, to $420k as of September 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 29 days last September 2022, to 20 days as of September 2023

Condos & Townhomes

The average time spent on the market went down from 33 days in September 2022, to 28 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 95% last September 2022, to 107 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 96% last September 2022, to 93.5% a year later.

Leandro San

What's in the San Leandro data?

There were 81 single-family homes for sale, providing 1.3 months of inventory. There were 45 new listings, and 44 homes sold at a median price of $830k. The median overbid percentage was 107 3%, with an average of 17 days on the market

There were 26 condo and townhome units for sale, providing 2.4 months of inventory. There were 13 new listings and 4 units sold at a median price of $607k. The median overbid percentage was 101.4%, with an average of 17 days on the market.

Single-Family Homes

45 New Listings

44 Sold Listings

1.3 Months of Inventory

$830K Median Sale Price

107.3%

Median Sale vs List

17 Avg Days on Market

13 New Listings

2.4

4 Sold Listings

LISTINGS FOR SALE SOLD LISTINGS

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 has increased from $810k last September 2022, to $830k as of September 2023

Condos & Townhomes

The median sales price has increased from $585k last September 2022, to $607k as of September 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 35 days last September 2022, to 17 days as of September 2023

Condos & Townhomes

The average time spent on the market went down from 27 days last September 2022, to 17 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 99 6% last September 2022, to 107 3% a year later

Condos & Townhomes

The overbid percentage has increased from 99.6% last September 2022, to 101.4% a year later.

Tri-Cities

What's in the Tri-Cities data?

There were 218 single-family homes for sale, providing 1 month of inventory There were 128 new listings, and 131 homes sold at a median price of $1.5m. The median overbid percentage was 105.5%, with an average of 14 days on the market.

There were 149 condo and townhome units for sale, providing 1.8 months of inventory. There were 63 new listings and 59 units sold at a median price of $810k. The median overbid percentage was 102.9%, with an average of 17 days on the market.

Single-Family Homes

128 New Listings

1 Month of Inventory

131 Sold Listings

$1.5M Median Sale Price

105.5% Median Sale vs List

14 Avg Days on Market

63 New Listings

59 Sold Listings

1.8 Months of Inventory $810K

Sale Price 102.9% Median Sale vs List 17 Avg Days on Market

LISTINGS FOR SALE SOLD

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 has increased from $1 3m last September 2022, to $1 5m as of September 2023

Condos & Townhomes

The median sales price has increased from $769k last September 2022, to $810k as of September 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 28 days last September 2022, to 14 days as of September 2023

Condos & Townhomes

The average time spent on the market went down from 21 days last September 2022, to 17 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 97% last September 2022, to 105 5% a year later

Condos & Townhomes

The overbid percentage has increased from 98.9% last September 2022, to 102.9% a year later.

Pleasan

What's in the Plea

There were 68 single-family providing 1.2 months of inve new listings, and 40 homes s of $1.7m. The median overb 101.3%, with an average of 1

There were 14 condo and tow sale, providing 1.6 months o were 10 new listings and 9 u price of $755k. The median o was 99.8%, with an average market.

Single-Family Homes

39 New Listings

40 Sold Listings

1.2 Months of Inventory

$1.7M Median Sale Price

101.3% Median Sale vs List

13 Avg Days on Market

Listings 1.6

Listings

LISTINGS FOR SALE SOLD

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 has increased from $1 6m last September 2022, to $1 7m as of September 2023

Condos & Townhomes

The median sales price has decreased from $820k last September 2022, to $755k as of September 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 29 days last September 2022, to 13 days as of September 2023

Condos & Townhomes

The average time spent on the market went down from 35 days last September 2022, to 13 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 92 2% last September 2022, to 101 3% a year later

Condos & Townhomes

The overbid percentage has increased from 91.8% last September 2022, to 99.8% a year later.

SanRamon

What's in the San Ramon data?

There were 57 single-family homes for sale, providing 0.8 months of inventory. There were 37 new listings and 32 homes sold at a median price of $1.7m. The median overbid percentage was 101.6%, with an average of 18 days on the market.

There were 41 condo and townhome units for sale, providing 1.1 months of inventory. There were 14 new listings and 16 units sold at a median price of $717k. The median overbid percentage was 100.9%, with an average of 16 days on the market.

Single-Family Homes

37 New Listings

32 Sold Listings

0.8 Months of Inventory

$1.7M Median Sale Price

101.6% Median Sale vs List

18 Avg Days on Market

SEPTEMBER 2022 - SEPTEMBER 2023

LISTINGS FOR SALE SOLD LISTINGS

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 has remained at $1 7m since September 2022

Condos & Townhomes

The median sales price has decreased from $1m last September 2022, to $717k as of September 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 29 days last September 2022, to 18 days as of September 2023

Condos & Townhomes

The average time spent on the market went down from 28 days last September 2022, to 16 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 94 5% last September 2022, to 101 6% a year later

Condos & Townhomes

The overbid percentage has increased from 94.6% last September 2022, to 100.9% a year later.

Livermore

What's in the Livermore data?

There were 112 single-family homes for sale, providing 1 month of inventory. There were 61 new listings and 51 homes sold at a median price of $1.2m. The median overbid percentage was 103.1%, with an average of 15 days on the market.

There were 23 condo and townhome units for sale, providing 0.8 months of inventory. There were 9 new listings and 10 units sold at a median price of $964k. The median overbid percentage was 98.7%, with an average of 21 days on the market.

Single-Family Homes

61 New Listings

1 Month of Inventory

51 Sold Listings

$1.2M Median Sale Price

103.1%

Median Sale vs List

15 Avg Days on Market

SEPTEMBER 2022 - SEPTEMBER 2023

LISTINGS FOR SALE SOLD LISTINGS

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 has increased from $1 1m last September 2022, to $1 2m as of September 2023

Condos & Townhomes

The median sales price has increased from $705k last September 2022, to $964k as of September 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 34 days last September 2022, to 15 days as of September 2023

Condos & Townhomes

The average time spent on the market went down from 32 days last September 2022, to 21 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 94% last September 2022, to 103 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.7% last September 2022, to 98.7% a year later.

Cupertino

What's in the Cupertino data?

There were 54 single-family homes for sale, providing 3.3 months of inventory. There were 21 new listings and 22 homes sold at a median price of $3.3m. The median overbid percentage was 111.2%, with an average of 14 days on the market.

There were 23 condo and townhome units for sale, providing 2.2 months of inventory. There were 12 new listings and 6 units sold at a median price of $1.3m. The median overbid percentage was 103.6%, with an average of 12 days on the market.

Single-Family Homes

21 New Listings

22 Sold Listings

3.3 Months of Inventory

$3.3M Median Sale Price

111.2%

Median Sale vs List

14 Avg Days on Market

New Listings

6 Sold Listings

2.2

Months of Inventory

$1.3M Median Sale Price

103.6%

Median Sale vs List 12 Avg Days on Market

LISTINGS FOR SALE SOLD LISTINGS

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 has increased from $2 7m last September 2022, to $3 3m as of September 2023

Condos & Townhomes

The median sales price remained from $1 3m since September 2022

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 15 days last September 2022, to 14 days as of September 2023

Condos & Townhomes

The average time spent on the market went down from 49 days last September 2022, to 12 days as of September 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 97 8% last September 2022, to 111 2% a year later

Condos & Townhomes

The overbid percentage has increased from 100.1% last September 2022, to 103.6% a year later.

Oakland

What's in the Oakland data?

There were 712 single-family homes for sale, providing 2.5 months of inventory. There were 340 new listings, and 152 homes sold at a median price of $1.1m. The median overbid percentage was 112.3%, with an average of 29 days on the market.

There were 263 condo and townhome units for sale, providing 4 8 months of inventory There were 93 new listings and 29 units sold at a median price of $545k. The median overbid percentage was 98.1%, with an average of 38 days on the market.

Single-Family Homes

340 New Listings

152 Sold Listings

2.5 Months of Inventory

$1.1M Median Sale Price

112.3%

Median Sale vs List

29 Avg Days on Market

Oakland

SEPTEMBER 2022 - SEPTEMBER 2023

LISTINGS FOR SALE SOLD LISTINGS

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 has increased from $990k last September 2022, to $1 1m as of September 2023

Condos & Townhomes

The median sales price has decreased from $655k last September 2022, to $545k as of September 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 24 days last September 2022, to 29 days as of September 2023

Condos & Townhomes

The average time spent on the market has remained at 38 days since September 2022

Overbids

Single-Family Homes

The overbid percentage has increased from 109 4% last September 2022, to 112 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.4% last September 2022, to 98.1% a year later.