Real Estate Weather report for Castro Valley and East Bay

Castro Valley : Detached Single-Family Homes – July 2015

Market Activity Summary

  • Inventory: 54 units were listed for sale as of the last day of July – approximately 1 month of inventory.
  • Sales Activity: 56 single-family detached units were sold during July.
  • Median Sales Price: $705,500 during July.
  • Average sales price was 105.85% of the average list price during July.

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Meena Gujral

http://www.meena.realtor

Achievers Realty

Help-U-Sell Achievers Realty

925-425-9491

DRE # 00950378

“The best compliment you can offer is a referral!”

Castro Valley and East Bay Real Estate Market

Meena Gujral

Help-U-Sell Achievers Realty

925-425-9491

http://www.helpusellachievers.com

meenagujral@comcast.net

July home sales climb to highest level in nearly three years

Sales 2015-08Sustained job and income growth gave home buyers the confidence in July to jump into the California housing market, pushing home sales to their highest level in nearly three years.

Home sales remained above the 400,000 mark in July for the fourth consecutive month and rose to highest level since October 2012. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 449,530 units in July. The July figure was up 2.7 percent from the revised 437,680 level in June and 12.7 percent compared with home sales in July 2014 of a revised 398,980. The year-to-year change was the highest since July 2009 and significantly higher than the 6-month average increase of 6 percent observed from January 2015-June 2015.

The median price of an existing, single-family detached California home dipped 0.3 percent in July to $488,260 from $489,640 in June.  July’s median price was 5.4 percent higher than the revised $463,330 recorded in July 2014. The median sales price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling as well as a general change in values.

Median Price 2015-08

The July Unsold Inventory Index was unchanged from June, remaining at 3.3 months, but down from 3.8 months in July 2014. The index indicates the number of months needed to sell the supply of homes on the market at the current sales rate. A six- to seven-month supply is considered typical in a normal market.

Home sales Surge in March-April

The spring selling season gets off to a sunny start in March with the sale pace reaching an 18-month high. Also, NAR President Chris Polychron urges the Senate Banking Committee to take action on overly tight mortgage credit. Other stories: Hard-hit buyers are returning to the market seven years after the downturn and the Rural Housing Service joins NAR to talk about the advantages of Sec. 502 direct loans for households that otherwise wouldn’t be able to get mortgage financing.

I have heard that Palomares Hills and Five Canyons are good areas in Castro Valley. Can you tell me more?

Five Canyons home on Crestfield Dr

Palomares Hills TownhomePalomares Hills and Five Canyons are both excellent areas of Castro Valley and are very desirable because of the best Elementary schools and the upscale homes.

By the way, if you have signed up to receive a free list homes for sale in Five Canyons or Palomares Hills yet, you can do that here: List of Homes For Sale

Palomares Hills was built by Shapel. There are homes in Palomares Hills that range from 22 years in age to as new as 9 years and consist of Single Family homes, Duets and Townhouses. There are some beautiful view homes and it is an exclusive area with Villareal as the main road leading into the area.

Palomares Hills is close to highway 580 and is an easy drive to the Pleasanton Stoneridge shopping Mall. The Elementary school is Jensen Ranch and as mentioned earlier it is a top rated award winning school.

Five Canyons was built by Centex. These are newer than Palomares Hills and range from 14 years to the newest being 8 year old. There are 5 developments in Five Canyons that have all Single Family Homes. They are Gold Creek, Canyon Oaks, Abbeywood, Whispering Oaks and Creekside. There is another development in Five Canyons that consist of townhouse and that area is called Wildwood.

A new Montessori school was built next to the Wildwood development. The elementary school for Five Canyons is Independent School which is also excellent.

Five Canyons is close to Mission, Highway 880, 92 and 580. As of today August 28, 2009, there are 11 homes in Five Canyons and Palomares Hills ranging from $459,000-$927,000.

If there is anything you need to know about Five Canyons, Palomares Hills, Castro Valley Schools or Castro Valley in general, you can reach me at 510-279-9580. You can also go to my website at: http://www.helpusellachievers.com

Meena Gujral

Help-U-Sell Achievers Realty 510-279-9580

Five Canyons homes and high-voltage power lines location, concerns?

I lived in Five Canyons for 6 years in Whispering Oaks on Crestfield Dr. Our house was built in the last phase by Centex. I have been selling homes in Five Canyons and Palomares Hills for a long time.

Homes sold by Meena in Castro Valley, California

There are some homes in Abbeywood, Creekside and Whispering Oaks that are close to the power lines and will sell for less than the homes away from the power lines. As far as real health issues, there has been a lot of research that has been done but there is no for sure answer.

If I have a listing close to the power lines, it will take a lot longer to sell than on the other side. Buyers strongly believe that they are not good for their health. I have a huge package of research documents by PG&E on power lines and if you would like to have a copy, please call me at 510-279-9580.

At this time I have a beautiful house listed at 25558 Crestfield Dr in whispering oaks development of Five Canyons. It is not close to the power lines and is the largest floor plan(3,526 sq ft). It is listed for $949,999. We just reduced it today by $200K from the original listed price of $1,150,000.

Here is the link to the virtual tour on this property:
http://www.tourfactory.com/406040

You can also go to my Castro Valley Real Estate blog for more information about Five Canyons:
https://castrovalleyhomes.wordpress.com/

I would love to help you find a home in Five Canyons Castro Valley since it is the area I specialize in. For homes for sale in Castro Valley or real Estate property listings, please call me at 510-279-9580

Meena Gujral
Help-U-Sell Achievers Realty
510-279-9580