Discussion on the California Residential Real Estate Market

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

Is the market picking up in Castro Valley? How about the San Francisco Bay Area in California?

Gold Creek home in Five Canyons, Castro ValleyPalomares Hills home in Castro Valley

 

 

 

 

 

 

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 July was $460,000. As of the last day of July there were 108 active homes in Castro Valley. At current selling rates this means there is approximately 2 months of inventory in Castro Valley remaining.

 Information obtained from Data Quick information systems shows Bay Area home sales rose last month to the highest level for a July in four years as deals above $500,000 continued to accelerate. The median sale price climbed above the prior month for the fourth consecutive month, lifted by the combination of more high-end transactions and fewer sales of lower-cost, lender-owned foreclosures.

Sales of $500,000-plus existing single-family detached houses rose to 35.6 percent of all house resales last month, up from 34.1 percent in June and up from a low this year of 22.7 percent in January. Last month’s $500,000-plus sales were the highest since they were 38 percent of sales last September.

As high-end sales have taken off in recent months, sales of foreclosures in less-expensive inland areas have tapered off.

 In the San Francisco Bay Area and across California we continue to see the market moving gradually back toward a more normal balance of sales across all price ranges. The high end of the market finally started selling and that has led to a swift rise in the median sale price. It is becoming quite evident that in some areas we’ve approached at least a soft bottom for home prices. A total of 8,771 new and resale houses and condos sold in the nine-county Bay Area last month. That was up 1.5 percent from 8,664 in June and up 15.6 percent from 7,586 in July 2008. Last month’s sales were the highest for the month of July in four years, and the highest for any month since August 2006.

Based on this information, I would certainly agree that the market is picking up in Castro Valley and all over the Bay Area.

If you have any other questions or would like to reach me, please call me at 510-279-9580 or go to 

Homes sold by Meena in Castro Valley, California

Castro Valley homes for sale

Meena Gujral

Help-U-Sell Achievers Realty

40083 Mission Blvd, Fremont, Ca. 94539

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

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