As per the statistics from the Bay East Association of Realtors, Days on Market (DOM) for the Castro Valley area year to-date is around 96. The median single family home price in Castro Valley for June was $435,000. As of the last day of June there were 102 active homes in Castro Valley. At current selling rates this means there is approximately 2 months of inventory in Castro Valley remaining.
As you can see just from the last 3 months below, inventory is getting low and prices are on the rise.
Average Price Active Properties
March $450,258 137
April $505,030 125
May $507,597 111
June $505,362 102
The market is changing from a buyer’s market to once again a seller’s market. I am finding multiple offers in many areas in the East Bay especially in Castro Valley, California.
I just sold a home in Palomares Hills, Castro Valley. As per the seller’s agent he had 3 offers, and thankfully our offer was accepted. In Five Canyons , Castro Valley I ran into the same situation. The home there too sold over asking price. I now have an investor who wanted to see a house that just came on the market in Castro Valley. I had to give him the disappointing news that they already have 4 offers over asking price out of which 2 are all cash offers.
If there is anything you need to know about Five Canyons, Palomares Hills, Castro Valley Schools or homes for sale in Castro Valley California, you can reach me at 510-279-9580. You can also go to my website at http://www.helpusellachievers.com
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Help-U-Sell Achievers Realty