Test Market Report (1)

Page 1

August 2023 Copyright by KW Advisors 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

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 in today's market?

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Milpitas

What's in the Milpitas data?

Milpitas had 40 homes for sale in July, providing the market with 0.9 months of inventory. There were 14 new listings and 17 homes sold, with a median sale price of $1.4m. The median overbid was 103.5%, averaging 20 days on the market.

There are currently 17 condo and townhome units for sale, providing the market with 1.7 months of inventory This month, there were 7 new listings and 11 condos sold, with a median sale price of $950k. The median overbid was 104.4%, with an average of 17 days on the market.

Brought To You By: For your home renovation needs

17 Sold Listings

$1.4M Median Sale Price

20 Avg Days on Market

Homes includes all single-family homes, condos and from July 2022 to July 2023. This may include time the data was gathered. All data is deemed 01345026. Copyright KW Advisors Fremont 2023. Each office is independently owned and operated.

7 New Listings

1.7 Months of Inventory

104.4% Median Sale vs List

C Condo

LISTINGS FOR SALE SOLD LISTINGS

22 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 22 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 -year. y -year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 6m last July 2022, to $1 4m as of July 2023

Condos & Townhomes

The median sales price has increased from $825k last July 2022, to $950k as of July 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 92 2% last July 2022, to 103 5% a year later

Condos & Townhomes

The overbid percentage has increased from 100.2% last July 2022, to 104.4% a year later.

Single-Family Homes

The average time spent on the market went down from 23 days last July 2022, to 20 days as of July 2023

Condos & Townhomes

The average time spent on the market went up from 15 days in July 2022, to 17 days as of July 2023

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 60 40 20 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
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Fremont

What's in the Fremont data?

In July, Fremont had 130 homes for sale, providing the market with 0.8 months of inventory. There were 73 new listings and 61 homes sold, with a median sale price of $1.6m. The median overbid was 105.3%, with an average of 15 days on the market.

There are currently 112 condo and townhome units for sale, providing the market with 1 3 months of inventory. There were 49 new listings and 44 homes sold, with a median sale price of $795k. The median overbid was 103.2%, with an average of 21 days on the market.

SFH Single-Family Homes

73 New Listings

61 Sold Listings

0.8 Months of Inventory

$1.6M Median Sale Price

105.3% Median Sale vs List

15 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 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.

CON Condo & Tow

49 New Listings

1.3 Months of Inventory

$7 Med

103.2% Median Sale vs List Avg D

Last 12 months, year-over-year.

Last 12 months, year-over-year

Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 500 400 300 200 100 0 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 300 200 100 0 Fremont JULY 2022 - JULY 2023
Homes
Single-Family
Condos & Townhomes
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has remained at $1 6m since last July 2022

Condos & Townhomes

The median sales price has increased from $734k last July 2022, to $795k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 21 days last July 2022, to 15 days as of July 2023

Condos & Townhomes

The average time spent on the market went down from 24 days in July 2022, to 21 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 100 8% last July 2022, to 105 3% a year later

Condos & Townhomes

The overbid percentage has increased from 99.9% last July 2022, to 103.2% a year later.

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 50 40 30 20 10 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 125% 100% 75% 50% 25% 0%
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Milpitas

What's in the Milpitas data?

Milpitas had 40 homes for sale in July, providing the market with 0.9 months of inventory. There were 14 new listings and 17 homes sold, with a median sale price of $1.4m. The median overbid was 103.5%, averaging 20 days on the market.

There are currently 17 condo and townhome units for sale, providing the market with 1.7 months of inventory This month, there were 7 new listings and 11 condos sold, with a median sale price of $950k. The median overbid was 104.4%, with an average of 17 days on the market.

Brought To You By:

17 Sold Listings

$1.4M Median Sale Price

20 Avg Days on Market

Homes includes all single-family homes, condos and from July 2022 to July 2023. This may include time the data was gathered. All data is deemed 01345026. Copyright KW Advisors Fremont 2023. Each office is independently owned and operated.

7 New Listings

1.7 Months of Inventory

104.4% Median Sale vs List

C Condo

LISTINGS FOR SALE SOLD LISTINGS

22 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 22 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 -year. y -year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 6m last July 2022, to $1 4m as of July 2023

Condos & Townhomes

The median sales price has increased from $825k last July 2022, to $950k as of July 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 92 2% last July 2022, to 103 5% a year later

Condos & Townhomes

The overbid percentage has increased from 100.2% last July 2022, to 104.4% a year later.

Single-Family Homes

The average time spent on the market went down from 23 days last July 2022, to 20 days as of July 2023

Condos & Townhomes

The average time spent on the market went up from 15 days in July 2022, to 17 days as of July 2023

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 60 40 20 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
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KellerWilliamsFremont :
39465 Paseo Padre Parkway #1500 Fremont CA 94538

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