November 2015 East Bay Market report

East Bay Inventory is increasing. Perfect time to buy a home. Are you looking to be a new homeowner in the East Bay? I can help.

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Real Estate Weather report for Castro Valley and East Bay

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.

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

Are home sales in Castro Valley picking up?

House for sale pic

As per 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 April was $480,000. As of the last day of April there were 125 active homes in Castro Valley. At current selling rates this means there is approximately 3 months of inventory in Castro Valley remaining. For a list of Castro Valley Homes for sale, Real Estate listings, California Real Estate go to http://www.helpusellachievers.com or contact Meena at 510-279-9580.

 Homes sold by Meena in Castro Valley, California

When selling my house in Castro Valley what is referred as “clutter” in the house?

clutterClutter bedroom

After years of living in the same home, clutter collects in such a way that may not be evident to the homeowner. However, it does affect the way buyers see the home. Clutter collects on shelves, counter tops, in drawers, closets, garages, attics, and basements.

 The kitchen is a good place to start removing clutter, because it is an easy place to start. First, get everything off the counters, even the toaster. Put the toaster in a cabinet and take it out when you use it. Find a place where you can store everything in cabinets and drawers. Clean the cabinets out including the dishes, pots and pans that rarely get used. Put them in a box, and put that box in storage, too.

 Homebuyers will open all your cabinets and drawers, especially in the kitchen. They want to be sure there is enough room for their “stuff.” If your kitchen cabinets, pantries, and drawers look full, it sends a negative message to the buyer and does not promote an image of plentiful storage space. The best way to do that is to have as much “empty space” as possible. Do this with every cabinet and drawer. Create open space.

 Closets are great for accumulating clutter, though you may not think of it as clutter like extra clothes and shoes, things you rarely wear but cannot bear to be without. Do without these items for a couple of months by putting them in storage, because these items can make your closets look “crammed full.”

 Many people have too much furniture in certain rooms to give the illusion of space that a homebuyer would like to see. You may want to tour some builders’ models to see how they place furniture in the model homes. Observe how they place furniture in the models so you get some ideas on what to remove and what to leave in your house.

 Basements, garages, attics, and sheds accumulate not only clutter, but junk. These areas should be as empty as possible so that buyers can imagine what they would do with the space. Remove anything that is not essential and take it to the storage area. 

Take a step back and pretend you are a buyer. Let your agent that specializes in Castro Valley, California help you determine what needs to be removed. For more ideas on selling your home for the best possible price go to: http://www.helpusellachievers.com or contact Meena at 510-279-9580.

  Homes sold by Meena in Castro Valley, California 

Housing Statistics in Castro Valley, California

HUS logo

As per the Bay East Association of Realtors, Days on Market (DOM) for the Castro Valley area year-to-date is around 86. The median single family home price in Castro Valley for November was $462,500. As of the last day of November there were 162 active homes in  Castro Valley. At current selling rates this means there is approximately 5 months of inventory in Castro Valley remaining.

For a list of Castro Valley Homes for sale, Real Estate listings, California Real Estate go to http://www.helpusellachievers.com or contact Meena at 510-279-9580.

 

Homes sold by Meena in Castro Valley, California