Statistical Tables | Core Three Point Four
| Trends at a Glance | |||
| (Single-family Homes) | |||
| Jun 21 | May 21 | Jun 20 | |
| Median Price: | $1,300,000 | $1,305,000 | $1,000,000 |
| Average Price: | $1,401,384 | $1,398,699 | $1,095,037 |
| Home Sales: | 1,190 | 1,103 | 545 |
| SP/LP Ratio: | 115.8% | 115.6% | 102.6% |
| Days on Market: | 12 | 12 | 25 |
| (Condos/Townhomes) | |||
| Jun 21 | May 21 | Jun 20 | |
| Median Price: | $740,000 | $713,000 | $635,000 |
| Average Price: | $771,021 | $747,788 | $659,964 |
| Condo Sales: | 414 | 422 | 137 |
| SP/LP Ratio: | 107.5% | 107.2% | 100.3% |
| Days on Market: | 15 | 16 | 31 |
The average sales price set a new high for the second month in a row. It was up, year-over-year, for the twenty-second month in a row. It rose 28%.
The median sales price for single-family, re-sale homes backed off a bit after setting new highs five months in a row. It was up, year-over-year, for the thirteenth month in a row. It rose 30%.
The sales price to list price ratio rose from 115.6% to 115.8%.
Sales of single-family, re-sale homes continued to rise in June, gaining 118.3% from last year. That’s the twelfth month in a row home sales have been higher than the year before. There were 1,190 homes sold in Alameda County last month. The average since 2000 is 921.
Homes sold in twelve days. This is the time from being listed to going under contract.
Condo sales prices also set new highs last month. The average sales price for condos was up 16.8% year-over-year. The median sales price was up 16.5% year-over-year.
The sales price to list price ratio for condos rose to 107.5% from 107.2%.
Condo sales were up 202.2% from last year. There were 414 condos sold.
Condos sold on average in fifteen days.
for single-family homes rose 8.9 points to +25.3.
for single-family homes was up 1.5 points to +16.7.
Our momentum statistics are based on 12-month moving averages to eliminate monthly and seasonal variations.
This is an extraordinarily tough market for buyers. It's important to be calm and realistic. If you don't know what to do or where to begin, give me a call and let's discuss your situation and your options.
If you’re looking to sell, call me for a comprehensive Comparative Market Analysis.
the blue area shows momentum for home sales while the red line shows momentum for pending sales of single-family, re-sale homes. The purple line shows momentum for the median price.
This is an extraordinarily tough market for buyers. It's important to be calm and realistic. If you don't know what to do or where to begin, give me a call and let's discuss your situation and your options.
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.
If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.
Complete monthly sales statistics for the Alameda County are below. Monthly graphs are available for each city in the county.
| June Sales Statistics | |||||||||||
| (Single-family Homes) | |||||||||||
| Prices | Unit | Change from last year | Change from last month | ||||||||
| Area | Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales |
| County | $1,300,000 | $1,401,384 | 1,190 | 12 | 115.8% | 30.0% | 28.0% | 118.3% | -0.4% | 0.2% | 7.9% |
| Alameda | $1,610,000 | $1,694,827 | 55 | 11 | 106.3% | 31.4% | 33.2% | 161.9% | 15.0% | 14.8% | 48.6% |
| Albany | $1,243,500 | $1,288,800 | 10 | 14 | 120.1% | -4.3% | 1.9% | 25.0% | -20.5% | -15.9% | -33.3% |
| Berkeley | $1,672,500 | $1,928,181 | 58 | 11 | 116.6% | 23.9% | 42.4% | 205.3% | 10.4% | 11.9% | 7.4% |
| Castro Valley | $1,290,000 | $1,333,933 | 44 | 10 | 103.1% | 40.7% | 41.5% | 91.3% | 8.0% | 5.1% | -15.4% |
| Dublin | $1,425,000 | $1,570,306 | 64 | 8 | 107.2% | 41.5% | 52.5% | 190.9% | -1.7% | 2.9% | 4.9% |
| Fremont | $1,480,000 | $1,637,909 | 149 | 10 | 108.1% | 22.8% | 25.2% | 122.4% | 2.1% | 4.8% | 10.4% |
| Hayward | $937,500 | $1,001,341 | 96 | 11 | 107.8% | 23.9% | 21.3% | 92.0% | 2.5% | -1.5% | 39.1% |
| Livermore | $1,130,000 | $1,262,679 | 136 | 9 | 107.3% | 32.9% | 32.9% | 88.9% | -2.2% | -2.2% | 12.4% |
| Newark | $1,200,000 | $1,209,385 | 39 | 8 | 106.8% | 26.3% | 20.4% | 129.4% | 0.0% | -2.9% | -23.5% |
| Oakland | $1,110,000 | $1,223,775 | 313 | 17 | 115.1% | 8.8% | 13.5% | 131.9% | -7.5% | -0.8% | 11.0% |
| Piedmont | $3,000,000 | $3,505,579 | 19 | 8 | 116.8% | 24.7% | 42.0% | 280.0% | -0.8% | 1.9% | 5.6% |
| Pleasanton | $1,619,605 | $1,773,220 | 92 | 10 | 106.1% | 30.9% | 27.8% | 73.6% | -4.2% | -7.4% | -5.2% |
| San Leandro | $880,000 | $884,453 | 64 | 12 | 107.5% | 18.1% | 10.1% | 146.2% | 0.3% | -2.7% | 14.3% |
| San Lorenzo | $880,000 | $889,571 | 14 | 8 | 104.3% | 21.6% | 24.2% | 40.0% | 2.9% | 3.2% | 7.7% |
| Union City | $1,412,000 | $1,393,871 | 33 | 8 | 113.2% | 58.7% | 47.8% | 94.1% | 8.6% | 6.9% | -19.5% |
| June Sales Statistics | |||||||||||
| (Condos/Town Homes) | |||||||||||
| Prices | Unit | Change from last year | Change from last month | ||||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales | |
| County | $740,000 | $771,021 | 414 | 15 | 107.5% | 16.5% | 16.8% | 202.2% | 3.1% | 3.8% | -1.9% |
| Alameda | $880,000 | $931,505 | 18 | 8 | 110.3% | 20.5% | 44.6% | 157.1% | 11.1% | 7.3% | 12.5% |
| Albany | $615,000 | $575,000 | 5 | 27 | 102.7% | -0.8% | -8.0% | 66.7% | -8.2% | 25.5% | -28.6% |
| Berkeley | $800,000 | $873,607 | 13 | 24 | 111.7% | 21.2% | 32.1% | 160.0% | -1.4% | -8.0% | 18.2% |
| Castro Valley | $940,000 | $938,636 | 11 | 8 | 109.3% | 16.2% | 25.5% | 22.2% | 39.5% | 48.0% | 57.1% |
| Dublin | $877,500 | $900,011 | 46 | 8 | 110.7% | 32.0% | 26.4% | 48.4% | 2.8% | -2.5% | -4.2% |
| Emeryville | $550,000 | $601,077 | 13 | 31 | 106.0% | -5.5% | 1.1% | 62.5% | 13.0% | 7.8% | -23.5% |
| Fremont | $730,000 | $829,540 | 97 | 14 | 105.3% | -15.6% | 0.0% | 212.9% | 6.5% | 2.8% | 32.9% |
| Hayward | $646,500 | $661,413 | 36 | 9 | 109.1% | 18.0% | 17.3% | 71.4% | 2.8% | 0.2% | 24.1% |
| Livermore | $792,000 | $755,509 | 23 | 11 | 107.4% | 17.9% | 18.3% | -23.3% | 5.7% | 6.7% | -23.3% |
| Newark | $600,000 | $643,419 | 15 | 22 | 103.3% | -15.5% | -8.3% | 275.0% | -24.4% | -34.1% | -25.0% |
| Oakland | $700,000 | $714,059 | 93 | 24 | 106.0% | 12.7% | 11.1% | 86.0% | -1.2% | 7.7% | -16.2% |
| Pleasanton | $820,000 | $836,400 | 15 | 8 | 111.1% | 15.5% | 27.8% | 66.7% | -5.0% | -6.8% | -25.0% |
| San Leandro | $575,000 | $595,420 | 15 | 13 | 108.7% | 6.5% | 11.7% | 66.7% | 9.0% | 9.0% | -6.3% |
| Union City | $648,000 | $676,795 | 14 | 11 | 109.5% | 16.8% | 21.5% | 180.0% | -1.4% | 8.0% | -17.6% |
July 2, 2021 -- Things here in the U.S.
are in a far better place at the turn of midyear compared to where they began.
Post holidays, and through mid-winter, COVID-19 was raging anew and widespread
vaccination efforts just getting underway. Hundreds of thousands of new cases
were being reported daily, and health care systems were again struggling to keep
up. Despite the viral surge, and amid both continuing and new restrictions, the
economy was recovering well, but unevenly, necessitating several new rounds of
fiscal support to accompany the Fed's all-in stance for monetary policy.
Fast forward six months and the picture is very changed, if not completely.
Despite a new Delta variant that threatens to become an echo surge, reported
cases of coronavirus are running at levels comparable to the very first days of
the outbreak. Inoculation rates have slowed of late, but something on the order
of 55% of eligible Americans have had at least one dose of a vaccine, and about
47% are fully vaccinated.
Spurred on by re-opening, removal of restriction and blasts of cash from the
federal government, the economy again accelerated, with GDP growth running a
6.4% annual rate in the first quarter and a current estimate of over 7% in the
second quarter. Although job growth overall may be a little less robust than
some forecasts may have expected, about 3.2 million people have rejoined the
workforce over the last six months, and claims for all forms of jobless
assistance have retreated from well over 1 million claims every week to
something less than half that.
Another facet that has changed appreciably in the last six months is the
inflation picture. At the turn of the year, inflation was still tame, with
inflation as measured by the Personal Consumption Expenditure series running at
just a 1.4% rate in both "headline" and core reckonings. Five months on (June
data not available until July's end), these figures are 3.9% and 3.4%, with
price increases now at 13- and 29-year highs, respectively.
With a strong economy in place and core prices now above the Fed's 2% target for
the last couple of months, the Fed is starting to make rumblings about future
changes in policy. At the turn of the year, the official stance was that
rock-bottom rates and QE-style bond-buying programs would run indefinitely, and
Fed members didn't expect to be raising the federal funds rate until perhaps
2024. Six months later, no changes have yet occurred, but the Fed is said to be
discussing the tapering of bond buying (Our guess: later this year) and
estimates of when a change to interest rate policy will come have advanced into
2023, with a majority of Fed members expecting not one but perhaps two increases
in short-term rates by that time.
Change has come rapidly across some very important components of the current
environment. Surprisingly, long-term interest rates and mortgage rates have been
well behaved, rising from record lows to start the year, increasing by about a
half-percentage point, then settling back to approximately the middle of this
range and holding there for 12 weeks now. Although fewer remain in the eligible
pool, this has continued to allow homeowners to refinance profitably or extract
cash from their homes. For homebuyers, it has been both a blessing and a curse,
since even as they can help to keep monthly payments relatively affordable, low
rates continue to fuel demand for homes for which there is little supply, in
turn pushing the prices of homes ever higher.
With challenges facing both new and existing home markets, sales of homes have
been a little soggy of late, if still at historically sound levels. However,
there is at least one indicator that suggests that sales may pick up a bit
again, as the National Association of Realtors Pending Home Sales Index for May
rose by 8% for the month. This measure of signed sales contracts presages the
actual tally of homes sold by a month or two, since it takes time to get from
contact signing to closing. Sales of existing homes have been generally cooling
this year; after peaking at an annual rate of 6.73 million last October they
have settled to May's 5.8 million pace. The bump in signed contracts in May
should push this figure up a bit by July, even if not all deals actually come to
fruition.
Despite very stable mortgage rates, applications for mortgage credit dropped off
by 6.9% in the week ending June 25. Requests for purchase-money mortgages slid
by 4.8% while those for refinancing retreated by 8.2%. With conditions in
mortgage markets largely unchanged, there doesn't seem to be any specific reason
for the drop in requests for financing; looking back at the same weeks over the
last five years it seems as though there is often a dip in applications in
around this time of the year. Perhaps with many schools coming to the end of the
academic year folks simple have other things to do, or perhaps vacations beckon.
Whatever the reason, fundamentals for mortgages haven't changed all that much,
but with the Independence Day holiday now upon us, we may not see an uptick in
applications for a week or more yet.
This page is copyrighted by https://rereport.com. All rights are reserved.