Statistical Tables | A Bit Of Turbulence
| Trends at a Glance | |||
| (Single-family Homes) | |||
| Sep 21 | Aug 21 | Sep 20 | |
| Median Price: | $1,280,000 | $1,300,000 | $1,055,000 |
| Average Price: | $1,364,903 | $1,406,404 | $1,165,671 |
| Home Sales: | 1,042 | 1,112 | 1,039 |
| SP/LP Ratio: | 112.3% | 112.8% | 106.1% |
| Days on Market: | 15 | 14 | 20 |
| (Condos/Townhomes) | |||
| Sep 21 | Aug 21 | Sep 20 | |
| Median Price: | $720,000 | $711,000 | $675,000 |
| Average Price: | $753,239 | $741,882 | $704,266 |
| Condo Sales: | 387 | 379 | 344 |
| SP/LP Ratio: | 105.1% | 106.3% | 101.6% |
| Days on Market: | 20 | 18 | 26 |
The average sales price for
single-family, re-sale homes
was up, year-over-year, for the twenty-fifth month in a row. It rose 17.1%. It
was down 3% from August.
The median sales price for single-family, re-sale homes was up, year-over-year,
for the sixteenth month in a row. It rose 21.3%. It was down 1.5% from August.
The sales price to list price ratio fell from 112.8% to 112.3%.
Sales of single-family, re-sale homes continued to rise in September, gaining
0.3% from last year. That’s the fifteenth month in a row home sales have been
higher than the year before. There were 1,042 homes sold in Alameda County last
month. The average since 2000 is 921.
Homes sold in fifteen days. This is the time from being listed to going under
contract.
Condo sales prices were also strong in September. The average sales price for
condos was up 7% year-over-year. The median sales price was up 6.7%
year-over-year.
The sales price to list price ratio for condos fell to 105.1% from 106.3%.
Condo sales were up 12.5% from last year. There were 387 condos sold.
Condos sold on average in twenty days.
for single-family homes fell 2.3 points to +31.8.
for single-family homes was up 0.3 of a point to +18.1.
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.
| September 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 | $1,280,000 | $1,364,903 | 1,042 | 15 | 112.3% | 21.3% | 17.1% | 0.3% | -1.5% | -3.0% | -6.3% |
| Alameda | $1,365,000 | $1,329,419 | 37 | 16 | 106.3% | 9.2% | -1.2% | -24.5% | -1.7% | -6.8% | -9.8% |
| Albany | $1,166,000 | $1,123,125 | 8 | 19 | 120.1% | -3.2% | -14.5% | 14.3% | -20.5% | -33.8% | 0.0% |
| Berkeley | $1,665,000 | $1,755,171 | 73 | 19 | 116.6% | 11.0% | 6.8% | 30.4% | 4.1% | 3.7% | 10.6% |
| Castro Valley | $1,213,889 | $1,293,349 | 42 | 14 | 103.1% | 20.8% | 29.0% | -30.0% | -3.5% | 2.8% | -22.2% |
| Dublin | $1,730,000 | $1,719,694 | 55 | 10 | 107.2% | 49.8% | 41.3% | 25.0% | 6.5% | -2.2% | -3.5% |
| Fremont | $1,477,500 | $1,596,294 | 142 | 11 | 108.1% | 18.7% | 16.4% | -5.3% | 0.0% | -3.6% | -23.7% |
| Hayward | $918,500 | $1,006,328 | 96 | 14 | 107.8% | 12.4% | 18.3% | 18.5% | 0.9% | -2.3% | -7.7% |
| Livermore | $1,132,500 | $1,207,737 | 104 | 14 | 107.3% | 27.2% | 23.6% | -6.3% | -0.7% | -0.6% | -4.6% |
| Newark | $1,215,000 | $1,231,534 | 41 | 14 | 106.8% | 13.0% | 10.9% | 51.9% | -6.3% | -3.3% | 46.4% |
| Oakland | $1,125,000 | $1,235,004 | 247 | 19 | 115.1% | 20.3% | 17.1% | -2.4% | 10.3% | 7.7% | 3.3% |
| Piedmont | $2,341,875 | $2,760,775 | 10 | 12 | 116.8% | -6.3% | -3.8% | -33.3% | -11.8% | -1.6% | -33.3% |
| Pleasanton | $1,555,000 | $1,781,591 | 80 | 11 | 106.1% | 22.9% | 19.4% | 6.7% | -9.1% | -12.4% | -12.1% |
| San Leandro | $900,000 | $927,681 | 57 | 19 | 107.5% | 18.0% | 15.3% | 0.0% | 0.0% | -5.8% | 0.0% |
| San Lorenzo | $861,500 | $867,667 | 18 | 11 | 104.3% | 21.3% | 21.4% | -35.7% | -6.9% | -4.0% | 38.5% |
| Union City | $1,382,000 | $1,423,656 | 29 | 9 | 113.2% | 28.6% | 26.0% | 31.8% | 6.3% | 4.5% | -32.6% |
| September 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 | $720,000 | $753,239 | 387 | 20 | 105.1% | 6.7% | 7.0% | 12.5% | 1.5% | 1.3% | 2.1% |
| Alameda | $970,000 | $955,312 | 21 | 15 | 108.8% | 29.2% | 33.6% | -22.2% | 15.1% | 9.2% | 0.0% |
| Albany | $580,000 | $607,750 | 12 | 39 | 101.6% | 31.8% | 1.3% | 300.0% | -3.0% | 18.4% | 71.4% |
| Berkeley | $714,000 | $647,560 | 10 | 53 | 104.5% | 9.0% | -7.9% | 11.1% | -26.9% | -17.9% | -9.1% |
| Castro Valley | $818,000 | $796,556 | 9 | 22 | 109.1% | 20.5% | 19.1% | 28.6% | 18.4% | 28.8% | 28.6% |
| Dublin | $815,000 | $835,551 | 47 | 14 | 103.6% | 12.4% | 14.1% | 34.3% | -4.6% | -9.4% | -2.1% |
| Emeryville | $600,000 | $648,118 | 17 | 29 | 106.5% | 27.7% | 14.6% | 88.9% | -6.5% | -13.0% | -15.0% |
| Fremont | $790,000 | $833,463 | 57 | 20 | 102.8% | 4.3% | 5.1% | 18.8% | 7.0% | 11.3% | -21.9% |
| Hayward | $615,000 | $650,554 | 41 | 17 | 106.2% | 5.1% | 10.1% | -8.9% | 1.1% | -4.7% | 41.4% |
| Livermore | $777,500 | $771,639 | 20 | 16 | 102.3% | 10.9% | 10.4% | -16.7% | 8.0% | 4.7% | -33.3% |
| Newark | $871,000 | $890,573 | 19 | 13 | 104.5% | 45.2% | 31.9% | 0.0% | 4.7% | -4.3% | -5.0% |
| Oakland | $665,000 | $697,131 | 79 | 22 | 106.9% | -5.0% | -1.7% | 11.3% | -3.6% | 2.3% | -28.8% |
| Pleasanton | $755,000 | $803,560 | 25 | 10 | 104.3% | 14.8% | 20.9% | 25.0% | -8.7% | -14.2% | 25.0% |
| San Leandro | $595,000 | $601,286 | 14 | 17 | 107.9% | -14.8% | -3.4% | -12.5% | 10.1% | 12.8% | -12.5% |
| Union City | $615,000 | $638,098 | 15 | 21 | 105.6% | -0.5% | 0.9% | 0.0% | -7.1% | 2.5% | -11.8% |
October 1, 2021
-- As often seems to be the case, a late-September range of crosscurrents have
hit the financial markets, Of late, investors have had their choice of worries
on which to focus, including political theater in Washington over spending,
funding the government and raising the debt ceiling, the ever-changing economic
climate, actual and possible turnover at the Fed, present COVID trends and
impacts, inflation worries and more. With the change of seasons, it's clear that
summer's relative quiet is behind us, and the climate has intensified a bit.
The final look at GDP growth the second quarter was revealed this week, and
looking in the rearview mirror at the period that ended three months ago we see
a robust economy that posted a 6.7% annual growth rate. Delta's deceleration of
activity in the third quarter -- just closed yesterday -- will probably leave
growth for Q3 at perhaps 4% or less (the latest run rate -- with much of
September's data yet to be incorporated -- is 3.2%, according to the GDPNow
tracker at the Atlanta Fed). Some growth that was expected to take place in the
third quarter was likely delayed due to Delta, but some may have been lost,
since at least the traditional vacation season has passed.
The yearlong uptrend in inflation may be leveling off, but there are no signs of
any abatement. The Personal Income and Personal Consumption Expenditures report
from the Bureau of Economic Analysis revealed that overall PCE prices rose
another 0.4% in August, lifting the top line annual run rate another tenth of a
percentage point to 4.3% for the month. Core PCE (the Fed's preferred price
gauge) increased another 0.3% in August, the same as seen in July, and holding
the annual rate of core PCE inflation at 3.6% for a third consecutive month. The
Fed's stated goal is to see core PCE routinely running at about 2% or perhaps a
little above it, and three months at a rate some 80% above target is something
that no doubt concerns the Fed. It still expects price increases to be
"transitory" but they are seemingly starting to prove a little more intractable
than the Fed expected.
Construction spending failed to post an increase or decline in August, coming in
unchanged from July's levels. The drag all came from the commercial sector,
which declined by a full 1% during the period, it's weakest showing since
February. Residential construction continues to shine, and rose by another 0.4%,
a thirteenth gain in the last 14 months. Outlays for public-works projects also
managed a second consecutive gain of 0.5%, as road work and education-related
spending increased during the month.
Applications for mortgage credit eased back by 1.1% in the week ending September
24, according to the Mortgage Bankers Association, as requests for both
purchase-money mortgages (-1.2%) and those for refinancing (-0.9%) declined.
With mortgage rates bumping higher this week after a very flat summer pattern,
refi activity will probably tail off again, but purchase requests shouldn't be
dented too much by the minor rise in rates. With regard to home purchases, the
National Association of Realtors reported an 8.1% increase in their Pending Home
Sales Index for August; inasmuch as there were increases in purchase
applications for three of the four weeks in August, that stands to reason. So
far this month, there have been increases in purchase apps in two of the four
weeks, so we could see some additional purchase activity as we move into the
fall, too, especially since inventories of homes available to buy have been in a
mild improving trend over the last couple of months.
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