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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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.

Castro Valley Homes- Is it a good area to buy a home?

Hi I’m Meena Gujral from Help-U-Sell Achievers Realty in Fremont, Ca. I specialize in helping sellers and buyers in the East Bay. 

I lived in Castro Valley for 7 years. Castro Valley is a nice little town, with very easy commute to some major freeways like 880, 580 and 92. All the Castro Valley schools are very good with some of the best elementary schools. Depending on your price range, two of the newer homes area are in Five Canyons and Palomares Hills. At this time there are some great listings on the market in both the areas. I would recommend that you check out Castro Valley on Sunday when there are many open houses especially in these two areas.

There are quite a few restaurants in Castro Valley and for shopping, I would suggest Stoneridge shopping center in Pleasanton which is a few miles drive from Castro Valley.

Castro Valley also has some good wineries. Castro Valley also has some horseback riding schools.

For a virtual tour of all my listings please click here.

 

Castro Valley Homes Blog

Thank you, 

Meena Gujral

Help-U-Sell Achievers Realty

Fremont, Ca 94539

510-279-9580

http://www.helpusellachievers.com

meena.gujral@comcast.net