Statistical Tables | | Rates Headed Down Again
| Trends at a Glance | |||
| (Single-family Homes) | |||
| Sep 19 | Aug 19 | Sep 18 | |
| Median Price: | $910,000 | $900,000 | $899,000 |
| Average Price: | $1,016,788 | $1,023,336 | $1,002,506 |
| Home Sales: | 747 | 960 | 743 |
| SP/LP Ratio: | 104.2% | 105.0% | 105.6% |
| Days on Market: | 24 | 25 | 20 |
| (Condos/Townhomes) | |||
| Sep 19 | Aug 19 | Sep 18 | |
| Median Price: | $627,950 | $617,500 | $630,000 |
| Average Price: | $646,660 | $643,178 | $652,608 |
| Condo Sales: | 272 | 282 | 245 |
| SP/LP Ratio: | 101.5% | 102.3% | 103.5% |
| Days on Market: | 32 | 28 | 24 |
After being down six months in a row, the median sales price for single-family, re-sale homes rose 1.2% from last September. It was up 1.1% from August.
The average sales price was up 1.4%, year-over-year. It was down 0.6% from August.
The sales price to list price ratio dropped from 105% to 104.2%.
Home sales were up 0.5%, year-over-year. Sales were down 22.2% from August.
Homes sold in twenty-four days, down one day from August. This is the time from being listed to going under contract.
The average sales prices for condos was up 0.5% from August. It was down 0.9% year-over-year. The median sales price was up 1.7% from August, but, it was down 0.3% year-over-year.
The sales price to list price ratio for condos dropped from 102.3% to 101.5%.
Condo sales were up 11% from last year, but, they were down 3.5% from August.
Condos sold in thirty-two days, up four day from August..
for single-family homes rose 1.2 points to –7.7.
for single-family homes was down 0.4 of a point to –1.1.
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 | $910,000 | $1,016,788 | 747 | 24 | 104.2% | 1.2% | 1.4% | 0.5% | 1.1% | -0.6% | -22.2% |
| Alameda | $1,206,000 | $1,341,143 | 21 | 27 | 105.0% | 9.7% | 22.6% | -25.0% | 12.4% | 25.4% | -44.7% |
| Albany | $1,050,000 | $1,267,621 | 9 | 14 | 120.7% | 6.6% | 24.3% | 80.0% | -23.1% | -6.7% | -30.8% |
| Berkeley | $1,400,000 | $1,406,400 | 37 | 17 | 102.8% | 7.9% | -2.3% | 15.6% | 5.3% | -4.5% | -22.9% |
| Castro Valley | $850,000 | $859,270 | 31 | 23 | 99.6% | -1.9% | -6.2% | -22.5% | -2.9% | -11.5% | -39.2% |
| Dublin | $1,055,000 | $1,086,228 | 32 | 28 | 100.3% | 3.8% | 5.5% | 10.3% | 2.9% | -3.3% | -33.3% |
| Fremont | $1,125,000 | $1,211,763 | 104 | 30 | 99.7% | -5.1% | -6.9% | -6.3% | -2.2% | -4.5% | -1.0% |
| Hayward | $679,500 | $749,235 | 92 | 31 | 100.1% | -3.6% | 0.9% | 10.8% | -2.5% | -2.0% | -11.5% |
| Livermore | $797,500 | $878,958 | 80 | 24 | 99.3% | 1.8% | -1.1% | 17.6% | -4.5% | -3.9% | -15.8% |
| Newark | $955,000 | $992,447 | 28 | 38 | 95.0% | 1.1% | -3.2% | 27.3% | 5.8% | 8.4% | -33.3% |
| Oakland | $861,000 | $984,201 | 156 | 20 | 108.5% | 11.1% | 7.7% | -7.7% | 6.6% | 8.4% | -28.4% |
| Piedmont | $2,033,000 | $1,943,875 | 8 | 15 | 104.5% | -19.9% | -24.6% | 100.0% | 8.4% | -7.3% | -27.3% |
| Pleasanton | $1,152,500 | $1,345,698 | 54 | 27 | 97.9% | 2.6% | 7.7% | 8.0% | -6.1% | -7.5% | -6.9% |
| San Leandro | $710,000 | $723,743 | 54 | 15 | 100.0% | -1.5% | -2.3% | -8.5% | -2.5% | -3.5% | -3.6% |
| San Lorenzo | $665,000 | $656,158 | 19 | 13 | 100.0% | 7.3% | 2.5% | 5.6% | -6.3% | -5.0% | -9.5% |
| Union City | $945,000 | $937,524 | 21 | 21 | 98.9% | -12.1% | -6.6% | -16.0% | 5.0% | -3.1% | -58.0% |
| 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 | $627,950 | $646,660 | 272 | 32 | 101.5% | -0.3% | -0.9% | 11.0% | 0.5% | 1.7% | -3.5% |
| Alameda | $745,000 | $761,824 | 14 | 18 | 104.3% | 13.7% | 17.1% | 40.0% | 14.2% | 4.9% | -36.4% |
| Albany | $590,000 | $594,286 | 7 | 14 | 103.4% | 0.3% | 9.0% | 40.0% | -17.5% | -18.1% | 250.0% |
| Berkeley | $921,000 | $924,400 | 5 | 14 | 119.8% | 15.1% | 23.9% | -44.4% | 4.6% | 5.3% | -37.5% |
| Castro Valley | $807,180 | $762,763 | 8 | 57 | 100.2% | 20.9% | 11.8% | 100.0% | 12.6% | 11.4% | 33.3% |
| Dublin | $725,000 | $693,180 | 25 | 27 | 99.3% | 0.7% | -2.1% | -13.8% | -5.7% | -2.0% | 19.0% |
| Emeryville | $602,500 | $617,364 | 11 | 15 | 104.7% | -1.2% | -2.3% | 10.0% | -4.0% | -1.2% | 22.2% |
| Fremont | $580,000 | $622,881 | 37 | 39 | 98.9% | -17.1% | -14.4% | -14.0% | -14.3% | -13.0% | -17.8% |
| Hayward | $568,500 | $570,028 | 34 | 36 | 99.9% | -2.8% | 2.2% | -8.1% | 12.8% | 16.3% | -12.8% |
| Livermore | $580,000 | $584,413 | 12 | 29 | 99.2% | 13.7% | 12.7% | 0.0% | -5.1% | -6.5% | -20.0% |
| Newark | $549,000 | $609,909 | 11 | 64 | 98.5% | -8.5% | 2.3% | 120.0% | -2.9% | -8.8% | -15.4% |
| Oakland | $650,000 | $676,496 | 58 | 29 | 104.9% | -2.3% | -3.2% | 13.7% | 3.4% | 0.0% | -7.9% |
| Pleasanton | $742,500 | $710,357 | 14 | 39 | 99.2% | 10.1% | 8.6% | 75.0% | 15.8% | 16.2% | -26.3% |
| San Leandro | $475,000 | $544,330 | 20 | 27 | 100.2% | -13.6% | -0.5% | 185.7% | 6.8% | -7.7% | 42.9% |
| Union City | $623,950 | $625,222 | 16 | 32 | 98.1% | 17.7% | 12.2% | 14.3% | 22.2% | 35.6% | 166.7% |
Oct. 4, 2019 -- Over the last few weeks, there certainly have been plenty of items to inject various forms of risk into financial markets. Aside from those we already knew, including poor global growth, weak inflation and an ever-fractious Brexit process, new items to add to the pile include a presidential impeachment inquiry, a new North Korean missile tactic and the imposition of new tariffs on certain Eurozone products. These items are of course a matter of concern for investors, but as long as the U.S. economic train keeps chugging along the chances for things to work out (at least financially) were pretty good.
However, and even with two cuts to the federal funds rate and the cessation of balance-sheet reduction by the Fed, the cumulative effects of the yet-unresolved trade war with China and months of widespread business uncertainty have started to show up in the form of poorer economic reports, and that's more of a problem; even if upcoming talks with China turn out well odds don't favor any kind of immediate snapback in manufacturing or elsewhere. Any improvement would of course take time.
Spending for new construction projects barely expanded in August, but this was an improvement on July. The 0.1% increase in outlays was pushed higher by a 0.9% gain in spending for residential projects, a sector that saw a second consecutive improvement after a 6-month string of declines. Spending on commercial and industrial building fell for a second consecutive month, with a 1% fall coming after a 1.6% slump in July. However, spending on public-works projects made up some of the difference, posting a 0.4% increase and building a bit on a 1.4% rise in July. Compared against a year ago, overall spending on construction is about 1.8% lower now than then.
Applications for new mortgages kicked higher in the week ending September 27 as both homebuyers and homeowners moved back in to the market with the fall in rates. The Mortgage Bankers Association of America noted that overall applications rose by 8.1% for the week, taking back much of a week earlier's decline. Apps for purchase-money mortgages rose by 0.9% while those for refinancing (a more interest-rate sensitive audience) popped 14.2% higher. Although rates were mostly flat this week, any new declines should help see applications improve somewhat more, especially for refinancing.
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