Statistical Tables | | TRADE POLICY TRUMPS FED; RATES HEAD LOWER
| Trends at a Glance | |||
| (Single-family Homes) | |||
| Jul 19 | Jun 19 | Jul 18 | |
| Median Price: | $950,000 | $952,000 | $956,000 |
| Average Price: | $1,057,633 | $1,078,768 | $1,042,229 |
| Home Sales: | 936 | 979 | 1070 |
| SP/LP Ratio: | 106.2% | 105.1% | 107.9% |
| Days on Market: | 23 | 22 | 18 |
| (Condos/Townhomes) | |||
| Jul 19 | Jun 19 | Jul 18 | |
| Median Price: | $622,500 | $660,100 | $681,000 |
| Average Price: | $653,819 | $685,666 | $693,888 |
| Condo Sales: | 290 | 283 | 320 |
| SP/LP Ratio: | 102.9% | 102.7% | 106.1% |
| Days on Market: | 23 | 25 | 16 |
The median sales price was down for the fifth month in a row, falling 0.6% from last July. It was down 0.2% from June.
The average sales price was up 1.5%, year-over-year. It was down 2% from June.
The average sales prices for condos was down 4.6% from June. It was down 5.8% year-over-year. The median sales price was down 8.6% from June, and, it was down 4.6% year-over-year.
The sales price to list price ratio remains in triple digits: 106.2% for homes and 102.9% for condos.
Home sales were down 12.5%, year-over-year. Sales were off 4.4% from June.
Condo sales were down 948% from last year, but, they were up 2.5% from June.
Homes and condos sold in twenty-three days from being listed to going under contract.
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.
| July 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 | $950,000 | $1,057,633 | 936 | 23 | 106.2% | -0.6% | 1.5% | -12.5% | -0.2% | -2.0% | -4.4% |
| Alameda | $1,200,000 | $1,206,830 | 51 | 16 | 105.0% | 9.1% | 3.0% | 4.1% | 0.0% | 1.8% | 75.9% |
| Albany | $1,097,500 | $1,162,082 | 14 | 31 | 120.7% | -9.3% | -8.7% | 180.0% | 3.1% | 8.7% | 75.0% |
| Berkeley | $1,425,000 | $1,535,532 | 57 | 19 | 102.8% | 12.6% | 8.0% | -30.5% | 1.8% | 4.3% | -1.7% |
| Castro Valley | $920,000 | $966,110 | 49 | 24 | 99.6% | 2.2% | -2.8% | -7.5% | 2.8% | -2.0% | 44.1% |
| Dublin | $1,065,000 | $1,088,372 | 40 | 30 | 100.3% | 0.5% | 0.8% | -14.9% | -5.5% | -5.5% | -35.5% |
| Fremont | $1,125,000 | $1,201,571 | 99 | 21 | 99.7% | -6.3% | -6.3% | -30.3% | -3.8% | -2.7% | -23.8% |
| Hayward | $720,500 | $787,665 | 92 | 23 | 100.1% | 0.3% | 1.9% | -21.4% | 6.7% | 12.6% | -8.9% |
| Livermore | $815,000 | $976,348 | 93 | 24 | 99.3% | -4.1% | 7.0% | -4.1% | -0.6% | 3.8% | -11.4% |
| Newark | $982,500 | $992,882 | 34 | 40 | 95.0% | -1.8% | -1.7% | -5.6% | 8.4% | 2.3% | 17.2% |
| Oakland | $862,500 | $990,023 | 248 | 20 | 108.5% | 13.5% | 16.3% | 8.3% | -2.0% | -2.1% | 13.2% |
| Piedmont | $2,337,500 | $2,983,333 | 6 | 33 | 104.5% | 6.3% | 26.4% | -45.5% | 3.3% | 23.3% | -57.1% |
| Pleasanton | $1,257,500 | $1,329,129 | 60 | 27 | 97.9% | -2.4% | -6.6% | -21.1% | 1.8% | -10.9% | -22.1% |
| San Leandro | $726,000 | $762,218 | 38 | 17 | 100.0% | 2.3% | 5.5% | -40.6% | -2.3% | -1.1% | -22.4% |
| San Lorenzo | $680,888 | $673,660 | 23 | 17 | 100.0% | -2.0% | -2.7% | 21.1% | -4.1% | -2.7% | -8.0% |
| Union City | $910,000 | $932,792 | 31 | 34 | 98.9% | -13.1% | -11.7% | -24.4% | -2.7% | -2.2% | -16.2% |
| July 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 | $622,500 | $653,819 | 290 | 23 | 102.9% | -8.6% | -5.8% | -9.4% | -4.6% | -5.7% | 2.5% |
| Alameda | $770,000 | $723,921 | 19 | 20 | 104.6% | 2.3% | -4.0% | 58.3% | -5.0% | -2.1% | 58.3% |
| Albany | $522,500 | $528,078 | 5 | 24 | 105.6% | -11.4% | -6.1% | -16.7% | 3.5% | 13.6% | 0.0% |
| Berkeley | $763,050 | $945,275 | 4 | 13 | 120.1% | -12.0% | 11.7% | -20.0% | 2.0% | -15.2% | -60.0% |
| Castro Valley | $597,500 | $612,333 | 6 | 11 | 105.2% | 13.8% | 15.2% | 50.0% | -1.1% | -11.8% | -25.0% |
| Dublin | $672,500 | $675,952 | 22 | 21 | 100.1% | -10.9% | -9.8% | -40.5% | -5.8% | -3.9% | -12.0% |
| Emeryville | $607,750 | $607,569 | 14 | 18 | 107.0% | -17.5% | -14.0% | 27.3% | 7.1% | 11.3% | 40.0% |
| Fremont | $755,000 | $761,520 | 45 | 24 | 99.4% | -1.6% | -0.7% | -19.6% | 0.2% | 4.7% | 0.0% |
| Hayward | $534,500 | $557,620 | 40 | 21 | 100.5% | -8.6% | -9.2% | 14.3% | -0.7% | -5.1% | 11.1% |
| Livermore | $610,000 | $596,300 | 15 | 34 | 99.0% | -2.6% | -3.0% | -25.0% | 0.8% | -0.5% | -6.3% |
| Newark | $550,000 | $587,000 | 5 | 16 | 100.7% | -25.8% | -19.9% | -66.7% | -26.0% | -33.7% | -54.5% |
| Oakland | $640,000 | $686,791 | 74 | 24 | 106.7% | -4.5% | 0.4% | -3.9% | -6.6% | -8.6% | 12.1% |
| Pleasanton | $626,000 | $659,000 | 10 | 28 | 99.4% | -17.7% | -6.1% | -9.1% | -11.2% | -5.9% | -28.6% |
| San Leandro | $465,000 | $500,346 | 17 | 22 | 102.5% | 3.3% | 3.5% | 112.5% | 6.1% | 6.9% | 41.7% |
| Union City | $562,500 | $572,096 | 14 | 37 | 100.4% | -15.4% | -12.8% | -6.7% | -4.2% | -3.4% | 40.0% |
August 2, 2019 -- In about as widely advertised a move as is
possible, the Federal Reserve cut short-term interest rates this week. As it was
widely expected, the initial reaction by financial markets was mostly muted, but
additional statements by Fed Chairman Jay Powell disappointed stock investors,
who were hoping for either a larger cut now or an implicit promise that more
cuts were likely to come. They got neither; in fact, the Fed chair characterized
the first cut in the federal funds rate as a "mid-cycle adjustment", and
proffered that the FOMC didn't see this as "the beginning of a long series of
rate cuts" even though the Fed certainly hadn't ruled out future rate
reductions, either.
Construction spending slumped again in June, declining by 1.3% overall.
Soft spending on residential structures (-0.5%) was joined by a third decline in
outlays for commercial building and a second monthly fall in public-sector
spending. The headline decline now sees construction spending 2.1% below the
same time last year, and given modest sales of new homes, the ongoing saga with
retailers and more it may be hard for construction spending to gain much
traction in the near term.
Mortgage rates had been roughly holding a plateau -- in fact, in four of the last five weeks the average offered rate for a conforming 30-year sported a 3.75% rate with just one slight flare higher to break it up. Until Friday, that looked to be the case for another week, but no more. The stable period for rates will break next week, when it looks like a fair-sized decline will be hitting the markets. At present, the decline in the 30-year FRM when Freddie Mac reports next Thursday is likely to be perhaps 10-12 basis points, but could be a little more or less depending on how much residual disappointment and concern remains in global stock markets early next week.
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