| Trends at a Glance | |||
| (Single-family Homes) | |||
| Nov 09 | Oct 09 | Nov 08 | |
| Median Price: | $432,000 | $426,000 | $385,000 |
| Average Price: | $500,702 | $481,749 | $444,441 |
| Home Sales: | 774 | 949 | 691 |
| Sale/List Price Ratio: | 100.0% | 100.6% | 97.9% |
| Days on Market: | 39 | 41 | 50 |
The median price for single-family, re-sale homes rose, year-over-year, for the third month in a row in November: up 12.2%. This is the largest year-over-year gain in the median price since December 2005. The median price was up 1.4% from October. Much of this increase was due to a rise in sales in the $1MM segment of the market. In November, sales in this segment were 6.9% of all sales, up from 4.8% in October and the highest percentage since August 2008.
Of interest, although sales in the under $500K segment of the market dropped from 60% to 58%, the median price rose to $310,000, the highest price it has been since November 2008.
Sales of single-family, re-sale homes fell 18.4% from October, a drop in sales is normal for this time of year. Compared to the year before, home sales were up 12%. Year-to-date, home sales are up 32.8%.
The following chart shows the percentage of homes sold in three market segments: under $500,000, between $500,000 and $1,000,000, and $1,000,000 plus. The under $500,000 segment of the market is the most active, accounting for 58% of all sales last month, down from a high of 78.5% in January. Sales in the move-up segment, between $500,000 and $1,000,000, accounted for 35.2% of all sales in November, while the luxury end of the market had 6.9% of all home sales, up from the low of 2% In January.
Condo sales were up 30.5% year-over-year. Year-to-date, condo sales are up 40%. The median price for condos rose 11% compared to October, but was off 5.2% year-over-year. This is the smallest decline in year-over-year prices since October 2007.
The sales price to list price ratio, or the price paid for a home compared to the asking price, was 100%. The ratio for condos rose 0.2 of a point to 100.6%. This was the third month in a row the sp/lp ratio was over 100% for condos.
Days on market for homes fell two days to 39 days. Days on market for condos also shed two to 43 days.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.
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Complete monthly sales statistics for the Alameda County are below. Monthly graphs are available for each city in the county.
| November Sales Statistics | ||||||||
| (Single-family Homes) | ||||||||
| Prices | Unit | Change from last year | ||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | |
| County | $432,000 | $500,702 | 774 | 39 | 100.0% | 12.2% | 12.7% | 12.0% |
| Alameda | $570,500 | $583,885 | 26 | 48 | 100.1% | -12.2% | -14.0% | 18.2% |
| Albany | $732,000 | $784,000 | 6 | 23 | 105.8% | 6.4% | 29.0% | -14.3% |
| Berkeley | $720,650 | $755,586 | 44 | 29 | 102.4% | -4.4% | -6.7% | 83.3% |
| Castro Valley | $467,000 | $490,269 | 27 | 34 | 98.6% | 1.0% | -5.9% | 3.8% |
| Dublin | $575,000 | $603,070 | 25 | 26 | 99.2% | -6.5% | -8.5% | 78.6% |
| Fremont | $632,500 | $687,571 | 96 | 45 | 98.3% | 35.0% | 23.0% | 41.2% |
| Hayward | $277,500 | $311,127 | 90 | 51 | 100.1% | -2.6% | -5.1% | -20.4% |
| Livermore | $435,000 | $493,984 | 59 | 32 | 98.8% | 6.1% | 5.5% | -3.3% |
| Newark | $422,500 | $416,294 | 20 | 33 | 102.8% | 8.3% | -1.0% | 33.3% |
| Oakland | $250,000 | $388,772 | 220 | 41 | 101.8% | 23.8% | 14.8% | 10.6% |
| Piedmont | $954,598 | $974,116 | 6 | 32 | 95.2% | -12.6% | -2.6% | 50.0% |
| Pleasanton | $666,600 | $899,456 | 43 | 44 | 95.3% | -2.7% | 7.4% | 59.3% |
| San Leandro | $345,000 | $352,214 | 49 | 34 | 100.9% | -1.4% | -4.0% | -5.8% |
| San Lorenzo | $315,000 | $322,818 | 19 | 19 | 108.5% | -5.2% | -1.4% | -32.1% |
| Union City | $452,600 | $485,382 | 42 | 28 | 102.0% | 3.2% | 11.1% | 35.5% |
| November Sales Statistics | ||||||||
| (Condos/Town Homes) | ||||||||
| Prices | Unit | Change from last year | ||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | |
| County | $277,500 | $288,020 | 218 | 43 | 100.6% | -5.2% | -9.4% | 30.5% |
| Alameda | $375,000 | $368,429 | 7 | 76 | 97.3% | -14.7% | -13.4% | 16.7% |
| Albany | $325,000 | $388,629 | 3 | 40 | 101.0% | -1.2% | 17.9% | 0.0% |
| Berkeley | $295,000 | $319,667 | 3 | 62 | 99.4% | -44.0% | -38.9% | -40.0% |
| Castro Valley | $349,000 | $362,250 | 12 | 43 | 98.4% | -4.4% | 8.6% | 300.0% |
| Dublin | $395,000 | $386,306 | 13 | 50 | 99.3% | 1.9% | -2.4% | 8.3% |
| Emeryville | $280,000 | $275,678 | 13 | 20 | 99.8% | -18.8% | -13.6% | 160.0% |
| Fremont | $332,500 | $325,411 | 32 | 26 | 100.6% | 7.0% | -2.6% | 14.3% |
| Hayward | $207,900 | $192,763 | 23 | 55 | 102.6% | -0.5% | -8.1% | -28.1% |
| Livermore | $240,000 | $228,693 | 15 | 42 | 102.4% | -28.9% | -28.3% | 87.5% |
| Newark | $250,000 | $243,460 | 7 | 16 | 100.3% | -10.7% | -16.8% | 40.0% |
| Oakland | $275,000 | $299,949 | 45 | 51 | 100.1% | -15.4% | -16.8% | 45.2% |
| Pleasanton | $383,000 | $377,700 | 12 | 31 | 101.6% | -15.5% | -13.9% | 50.0% |
| San Leandro | $184,950 | $213,845 | 11 | 53 | 103.7% | -30.5% | -17.0% | 57.1% |
| Union City | $202,500 | $222,498 | 20 | 54 | 102.4% | -11.6% | 3.9% | 42.9% |
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