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The Cunningham Group - September 2023 Market Report | Fremont

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Fremont area

Milpitas

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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?

Icanhelp...

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

MortgageRates:Past,Present, andPossibleFuture

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important to understand their relationship with inflation for insights into where mortgage rates might go in the near future.

Giving Context to the Sticker Shock

Freddie Mac has been tracking the 30-year fixed mortgage rate since April of 1971. Every week, they release the results of their Primary Mortgage Market Survey, which averages mortgage application data from lenders across the country.

1

Home Concierge's secret weapon is our local project directors, who visit and personally manage each of our projects. When the agent reached out with a tight deadline, project director Azary Khalfan took it in stride and immediately called on her local vendors and subcontractors. Our in-house designer, Samantha Black, worked quickly over the holidays to design a new kitchen while Azary ordered finishes for other parts of the home. Ingenuity, strong vendor connections, and hard work transformed the kitchen in 17 days! The home sold for over $400,000 over asking in just one week.

BEFORE AFTER

Tips to Harden Your Home During Wildfires

Source: Cal Fire

ROOF

Build your roof or re-roof with materials such as composition, metal, clay, or tile Remove any vegetative debris from the roof.

VENTS

Remove all openings with 1/16-inch to 1/4-inch metal mesh Do not use fiberglass or plastic mesh because they can melt and burn

EAVES + SOFFITS

Eaves should be boxed in and protected with ignition-resistant or non-combustible materials.

WINDOWS

Install dual-paned windows with one pane of tempered glass to reduce the chance of breakage in a fire.

WALLS

Use ignition-resistant materials, such as stucco, fiber cement, wall siding, fire retardant, treated wood, etc.

DECKS

Create an ember-resistant zone around and under all decks and clear debris from under your deck.

FENCES

Separate your fences from your house or upgrade the last 5 feet of the fence to a non-combustible material.

GUTTERS

Keep rain gutters clear or enclose rain gutters to prevent accumulation of plant debris

DRIVEWAY

Driveways should be built and maintained in accordance with state and local codes to allow fire and emergency vehicles to reach

CHIMNEY

Close the fireplace during fire season when the chimney is not being used.

PATIO COVER

Use the same ignitionresistant materials for patio coverings as a roof

DECKS

Have a fire extinguisher and tools such as a shovel, rake, bucket, and hose available for fire

BroughtToYouBy:

MWhat'

There we providing new listin of $1.6m 104.8%, w

There we sale, prov were 27 n price of $ 102.7%, w

Mcondos and may include data is deemed Fremont 2023. et

2 New List

1. Months of Inven

102.7%

Median Sale vs

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 5m last August 2022, to $1 6m as of August 2023

Condos & Townhomes

The median sales price has decreased from $1.1m last August 2022, to $1m as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 20 days last August 2022, to 14 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 31 days in August 2022, to 12 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 96 6% last August 2022, to 104 8% a year later

Condos & Townhomes

The overbid percentage has increased from 100.5% last August 2022, to 102.7% a year later.

Fremont

What's in the Fremont data?

There were 156 single-family homes for sale, providing 0.5 months of inventory. There were 100 new listings, and 69 homes sold at a median price of $1.6m. The median overbid percentage was 105.9%, with an average of 13 days on the market.

There were 129 condo and townhome units for sale, providing 1.4 months of inventory. There were 68 new listings and 39 units sold at a median price of $835k. The median overbid percentage was 102.4%, with an average of 18 days on the market.

Single-Family Homes

100 New Listings

69 Sold Listings

0.5 Months of Inventory

$1.6M Median Sale Price

105.9% Median Sale vs List

13 Avg Days on Market

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

68 New Listings

39 Sold Listings

1.4 Months of Inventory

$835K Median Sale Price 102.4% Median Sale vs List 18 Avg Days on Market

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sales price has increased from $823k last August 2022, to $835k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 25 days last August 2022, to 13 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 28 days in August 2022, to 18 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 94 2% last August 2022, to 105 9% a year later

Condos & Townhomes

The overbid percentage has increased from 99.3% last August 2022, to 102.4% a year later.

Newark

What's in the Newark data?

There were 50 single-family homes for sale, providing 0.7 months of inventory. There we new listings, and 26 homes sold at a median of $1.3m. The median overbid percentage w 107.9%, with an average of 15 days on the m

There were 12 condo and townhome units fo sale, providing 0.7 months of inventory. Ther were 9 new listings and 10 units sold at a me price of $744k. The median overbid percenta was 104.5%, with an average of 6 days on th market.

e-Family

Homes

ngs

7 f Inventory

26 Sold Listings

$1.3M Median Sale Price

7.9% ale vs List

15 Avg Days on Market

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

Newark

AUGUST 2022 - AUGUST 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 August 2022, to $1 3m as of August 2023

Condos & Townhomes

The median sales price has decreased from $745k last August 2022, to $744k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went down from 22 days in August 2022, to 6 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 96 4% last August 2022, to 107 9% a year later

Condos & Townhomes

The overbid percentage has increased from 99% last August 2022, to 104.5% a year later.

Union

What's in the Unio

There were 41 single-family providing 0.7 months of inve new listings and 28 homes s of $1.3m. The median overb 103.5%, with an average of 1

There were 21 condo and to sale, providing 1.1 months o were 11 new listings and 6 u price of $612k. The median was 105.2%, with an averag market.

omes

28 Sold Listings

$1.3M

Median Sale Price

12

Avg Days on Market

includes all single-family homes, condos and August 2022 to August 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.

UnionCity

AUGUST 2022 - AUGUST 2023

gle-Family Homes

st 12 months, year-over-year.

ndos & Townhomes st 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has remained at $1 3m since last August 2022

Condos & Townhomes

The median sales price has decreased from $605k last August 2022, to $612k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 28 days last August 2022, to 12 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 20 days last August 2022, to 12 days as of August 2023

Overbids

Single-Family Homes

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

Condos & Townhomes

The overbid percentage has increased from 96.3% last August 2022, to 105.2% a year later.

Hayward

What's in the Hayward data?

There were 156 single-family homes for sale, providing 1 month of inventory. There were 94 new listings, and 67 homes sold at a median price of $915k. The median overbid percentage was 103.3%, with an average of 13 days on the market.

There were 65 condo and townhome units for sale, providing 1.1 months of inventory. There were 33 new listings and 22 units sold at a median price of $600k. The median overbid percentage was 101.1%, with an average of 19 days on the market.

e-Family Homes

ngs Inventory

67 Sold Listings

$915K Median Sale Price

3.3% ale vs List

13 Avg Days on Market

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

AUGUST 2022 - AUGUST 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 $900k last August 2022, to $915k as of August 2023

Condos & Townhomes

The median sales price has increased from $591k last August 2022, to $600k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 26 days last August 2022, to 13 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 25 days last August 2022, to 19 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 98 4% last August 2022, to 103 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.3% last August 2022, to 101.1% a year later.

Castr Valle

What's in the data?

There were 54 single providing 0.8 months new listings, and 38 h of $1.2m. The media 102%, with an averag

There were 6 condo a providing 2 months o new listings and 0 un $0. The median overb an average of 48 day

1.2M n Sale Price

8 Listings s single-family homes, condos and August 2023. This may include was gathered. All data is deemed Copyright KW Advisors Fremont 2023.

4 ays on Market

AUGUST 2022 - AUGUST 2023

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 1m last August 2022, to $1 2m as of August 2023

Condos & Townhomes

The median sales price has decreased from $877k last August 2022, to $0 as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 29 days last August 2022, to 14 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 24 days in August 2022, to 48 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 94 8% last August 2022, to 102% a year later

Condos & Townhomes

The overbid percentage has decreased from 95.6% last August 2022, to 0% a year later.

San Leandro

What's in the San Leandro data?

There were 88 single-family homes for sale, providing 0.7 months of inventory. There we new listings, and 46 homes sold at a median of $900k. The median overbid percentage w 106.3%, with an average of 12 days on the m

There were 18 condo and townhome units f sale, providing 3.2 months of inventory. The were 10 new listings and 16 units sold at a m price of $575k. The median overbid percent was 100 9%, with an average of 20 days on market.

Single-Family Homes

55 New Listings

46 Sold Listings

0.7 Months of Inventory

$900K Median Sale Price

106.3%

Median Sale vs List

12

Avg Days on Market

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

3.2 Months of Inventory $5 Me 100.9%

Median Sale vs List Avg D

Median SalesPrice

Single-Family Homes

The median sales price has increased from $825k last August 2022, to $900k as of August 2023

Condos & Townhomes

The median sales price has increased from $502k last August 2022, to $575k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 34 days last August 2022, to 12 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 26 days in August 2022, to 20 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 98 9% last August 2022, to 106 3% a year later

Condos & Townhomes

The overbid percentage has increased from 100.6% last August 2022, to 100.9% a year later.

Tri-Cities

What's in the Tri-Cities data?

There were 247 single-family homes for sale, providing 0 6 months of inventory There were 157 new listings, and 123 homes sold at a median price of $1.5m. The median overbid percentage was 105.7%, with an average of 13 days on the market.

There were 162 condo and townhome units for sale, providing 1.3 months of inventory. There were 88 new listings and 55 units sold at a median price of $780k. The median overbid percentage was 103%, with an average of 16 days on the market.

AUGUST 2022 - AUGUST 2023 es ar-over-year.

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 3m last August 2022, to $1 5m as of August 2023

Condos & Townhomes

The median sales price has decreased from $795k last August 2022, to $780k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 28 days last August 2022, to 13 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 26 days last August 2022, to 16 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 94 2% last August 2022, to 105 7% a year later

Condos & Townhomes

The overbid percentage has increased from 98.9% last August 2022, to 103% a year later.

Pleasanton

What's in the Pleasanton data?

There were 81 single-family homes for sale, providing 0.7 months of inventory. There were 52 new listings, and 38 homes sold at a median price of $1.8m. The median overbid percentage was 99.8%, with an average of 10 days on the market.

There were 19 condo and townhome units for sale, providing 0.2 months of inventory. There were 12 new listings and 15 units sold at a median price of $875k. The median overbid percentage was 100.1%, with an average of 14 days on the market.

Single-Family Homes

52 New Listings

38 Sold Listings

0.7 Months of Inventory

$1.8M Median Sale Price

99.8% Median Sale vs List

10 Avg Days on Market

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

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 5m last August 2022, to $1 8m as of August 2023

Condos & Townhomes

The median sales price has increased from $650k last August 2022, to $875k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 26 days last August 2022, to 10 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 27 days last August 2022, to 14 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 93 2% last August 2022, to 99 8% a year later

Condos & Townhomes

The overbid percentage has increased from 99.3% last August 2022, to 100.1% a year later.

SanR

What's in the

There were 67 singleproviding 0.4 months new listings and 42 ho of $1.6m. The median 102.7%, with an avera

There were 48 condo sale, providing 1 mon 31 new listings and 15 price of $890k. The m was 100.7%, with an a market.

1.6M an Sale Price

2 d Listings s single-family homes, condos and to August 2023. This may include was gathered. All data is deemed Copyright KW Advisors Fremont 2023.

4 Days on Market

31

1

SanRamon

AUGUST 2022 - AUGUST 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 decreased from $1 8m last August 2022, to $1 6m as of August 2023

Condos & Townhomes

The median sales price has increased from $782k last August 2022, to $890k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 30 days last August 2022, to 14 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 31 days in August 2022, to 17 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 92 8% last August 2022, to 102 7% a year later

Condos & Townhomes

The overbid percentage has increased from 96% last August 2022, to 100.7% a year later.

Liver

What's in the

There were 121 single providing 0.7 months new listings and 56 ho of $1.3m. The median 104.3%, with an avera

There were 33 condo sale, providing 0.7 mo were 18 new listings a price of $890k. The m was 100.4%, with an a market.

1.3M an Sale Price

6 d Listings s single-family homes, condos and to August 2023. This may include was gathered. All data is deemed Copyright KW Advisors Fremont 2023.

3 Days on Market

18

Livermore

AUGUST 2022 - AUGUST 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 1m last August 2022, to $1 3m as of August 2023

Condos & Townhomes

The median sales price has increased from $785k last August 2022, to $890k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 28 days last August 2022, to 13 days as of August 2023

Condos & Townhomes

The average time spent on the market has remained at 20 days since August 2022

Overbids

Single-Family Homes

The overbid percentage has increased from 94 3% last August 2022, to 104 3% a year later

Condos & Townhomes

The overbid percentage has increased from 98% last August 2022, to 100.4% a year later.

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