Discussion on the California Residential Real Estate Market

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.

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!”

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.

September Home Sales in Castro Valley, California

Five Canyons home
Housing Market in Castro Valley, Ca.

As per the Bay East Association of Realtors, Days on Market (DOM) for the Castro Valley area year-to-date is around 84. The median attached home price in Castro Valley for September was $505,000. As of the last day of September there were 107 active homes in  Castro Valley. At current selling rates this means there is approximately 2 months of inventory in Castro Valley remaining.

  Active Pending Sold Months Supply
Aug 08 190 36 42 4.5
Sep 08 184 40 33 4.4
Oct 08 174 43 32 4.2
Nov 08 162 25 29 4.5
Dec 08 157 22 32 4.8
Jan 09 152 39 18 4.7
Feb 09 151 30 25 5.2
Mar 09 137 50 25 3.9
Apr 09 125 46 31 3.0
May 09 111 48 34 2.6
Jun 09 102 53 29 2.1 
Jul 09 108 49 45 2.2
Aug 09 100 52 44 2.0
Sep 09 107 48 38 2.1

Are you looking to do a short sale? I specialize in Short Sales. I have had a 100% success rate with my short sales. Are you a For Sale By Owner? I can show you ways of selling through Help-U-Sell to save thousands of dollars and sell your home quickly for a low set fee. If you are looking to buy a home please call Meena Gujral at 510-279-9580 or go to:

Castro Valley homes for sale

Homes sold by Meena in Castro Valley, California

How much have the prices dropped in Five Canyons in the last 2 years?

Five Canyons Pool and Spa272

Five Canyons Home

I will give you an example of how much the prices have dropped in 2 years in Five Canyons. The example I am giving is the floor plan close to my heart since it was my own home.
I sold my house in Five Canyons for 1,125,000 on 2/1/2007. It was a 2,992 sq ft home.
On 5/5/2008 the same floor plan sold for $925,000.
On 5/16/2009 the same 2,992 plan sold for $730,000. This home was not the best location since it was closer to the power lines which is not desirable. It was also a foreclosure property.
There is a home currently listed in that sq footage for $845,000.

I hope that gives you a pretty good idea of what has been going on in Five Canyons. The prices in Five Canyons are now starting to go back up and if you are looking to buy, now is a great time since I don’t see them going down anymore.

The schools in Castro Valley are excellent, and the homes in Five Canyons are beautiful. There is a new Montissori school in Five Canyons which is also very good. The area is centrally located with easy access to major freeways like 580, 92 and 880.

To see all the homes I have sold in Five Canyons and Palomares Hills click on the link below:
Homes sold by Meena in Castro Valley, California

Castro Valley homes for sale

If I can show you any homes in Five Canyons or Palomares Hills (another great area with awesome Jensen Ranch school), please let me know at 510-279-9580.

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

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

Castro Valley California June 2009 Housing Statistics

home

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

Homes listed and sold by Meena in Castro Valley

To see all my virtual tours click:

Meena’s Virtual Tours

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