| Trends at a Glance | |||
| (Single-family Homes) | |||
| Dec 11 | Nov 11 | Dec 10 | |
| Median Price: | $392,000 | $404,500 | $420,888 |
| Average Price: | $479,636 | $469,445 | $486,640 |
| Home Sales: | 853 | 858 | 863 |
| Sale/List Price Ratio: | 98.4% | 98.5% | 98.0% |
| Days on Market: | 56 | 54 | 58 |
Both single-family, re-sales homes and condo/loft sales were strong in 2011. Home sales were up 5.1% over 2010. Condo/loft sales rose for the third year in a row, gaining 16.5% over 2010.
Home prices fell last year after making substantial gains in 2010. The median price for homes dropped 7.3% while the average price was off 5.5%. The median price for condos/lofts was down for the fifth year in a row: 13.4%. The average price dropped 11.4%.
Click on Annual Trends in the menu to the left for full details plus the California Association of REALTORS® forecast for 2012.
The median price for homes was down year-over-year for the twelfth month in a row, dropping 6.9%. The average price was down 1.4%.
Sales of single-family, re-sale homes fell 1.2% compared to last December.
was flat at +5.
sales momentum by using a 12-month moving average to eliminate seasonality. By comparing this year’s 12-month moving average to last year’s, we get a percentage showing market momentum.
peaked at +14% in October 2010 and has been slowly declining every since. In December, pricing momentum was down one point to -8.
The sales price to list price ratio slipped 0.1 points to 98.4%.
Average days on market rose two days to 56 days. Days on market is calculated from when a home is listed to when it goes into contract.
The median price for condos was off 6.2% from last December. This is the eighteenth month in a row the median price has been lower than the year before.
Condo sales were up 3.6% year-over-year.
The sales price to list price ratio fell 0.5 of a point to 98%.
Foreclosure Statistics…
In December, notices of default, the first step in the foreclosure process,
in Alameda County fell 24.2% from November. Year-over-year, notices were down 33.2%, according to
ForeclosureRadar.com.
Notices of sale, which set the date and time of an auction, and serve as the homeowner's final notice before sale, were up 6.7% year-over-year. Month-over-month, notices of sale spiked 23.3%.
After the filing of a Notice of Trustee Sale, there are only three possible outcomes. First, the sale can be cancelled for reasons that include a successful loan modification or short sale, a filing error, or a legal requirement to re-file the notice after extended postponements. Alternatively, if the property is taken to sale, the bank will place the opening bid. If a third party, typically an investor, bids more than the bank's opening bid, the property will be sold to the third party; if not, it will go back to the bank and become part of that bank's REO inventory.
Year-over-year, cancellations were up 39.5%. Compared to November, cancellations were down 1.7%.
Property that went back to banks surged 23.3% from November, but were down 1.4% year-over-year.
The total number of homes that have had a notice of default filed decreased by 29.6% in December compared to December 2010.
The total number of homes scheduled for sale decreased by 24.4%.
The number of homes owned by the bank dipped 2% year-over-year.
The local market has split into three parts: the lower-end, under about $500,000, where multiple offers are common; the mid-range, between $500,000 and $1MM where the market is more balanced; and the upper end, over $1MM.
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.
| December 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 | $392,000 | $479,636 | 853 | 56 | 98.4% | -6.9% | -1.4% | -1.2% | 2.2% | -3.1% | -0.6% |
| Alameda | $530,000 | $544,311 | 28 | 64 | 98.2% | -10.2% | -11.5% | -6.7% | -3.1% | 1.0% | -15.2% |
| Albany | $455,000 | $463,188 | 10 | 36 | 100.3% | -26.1% | -24.5% | 0.0% | -31.9% | -15.7% | 42.9% |
| Berkeley | $635,000 | $662,030 | 47 | 50 | 100.5% | 24.5% | 13.2% | 27.0% | -14.1% | -0.7% | -9.6% |
| Castro Valley | $486,555 | $490,534 | 35 | 69 | 97.6% | 13.5% | 0.0% | 25.0% | 7.4% | 7.6% | -5.4% |
| Dublin | $565,000 | $564,948 | 29 | 37 | 98.2% | -17.5% | -19.0% | 0.0% | 3.9% | 9.7% | -12.1% |
| Fremont | $464,500 | $530,243 | 98 | 51 | 98.8% | -15.5% | -16.7% | -21.6% | -4.4% | -6.2% | -6.7% |
| Hayward | $270,000 | $504,567 | 111 | 57 | 98.5% | -6.2% | 54.5% | -5.9% | 73.0% | -3.2% | 16.8% |
| Livermore | $406,000 | $472,437 | 68 | 47 | 97.4% | 0.5% | -0.9% | -19.0% | 2.8% | 8.3% | -13.9% |
| Newark | $376,912 | $390,268 | 23 | 39 | 98.9% | -5.8% | -5.4% | -8.0% | 2.6% | 6.5% | 0.0% |
| Oakland | $268,500 | $365,468 | 216 | 52 | 99.4% | 4.1% | -0.5% | -0.5% | -6.2% | -10.4% | 3.8% |
| Piedmont | $1,187,556 | $1,333,764 | 8 | 27 | 97.0% | 12.5% | 18.2% | -20.0% | -11.8% | -18.1% | -11.1% |
| Pleasanton | $665,000 | $794,070 | 57 | 69 | 96.0% | -5.7% | -9.9% | 11.8% | 2.4% | 3.1% | 39.0% |
| San Leandro | $267,000 | $285,749 | 65 | 82 | 98.0% | -16.9% | -14.4% | 25.0% | -6.5% | -11.0% | -4.4% |
| San Lorenzo | $250,000 | $256,471 | 17 | 52 | 101.6% | -14.4% | -14.5% | -10.5% | -5.3% | 2.0% | -5.6% |
| Union City | $395,500 | $437,451 | 40 | 79 | 98.5% | -9.1% | -3.6% | 48.1% | 0.8% | -3.5% | -18.4% |
| December 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 | $230,000 | $244,694 | 259 | 62 | 98.0% | -6.2% | -9.9% | 3.6% | 3.3% | 4.3% | 0.8% |
| Alameda | $299,544 | $304,718 | 16 | 84 | 98.1% | -26.9% | -32.9% | 45.5% | -7.6% | -19.9% | 33.3% |
| Albany | $278,000 | $251,000 | 3 | 88 | 95.4% | 7.4% | -3.0% | 50.0% | 2.0% | 13.2% | -62.5% |
| Berkeley | $339,500 | $380,750 | 4 | 26 | 99.4% | -34.1% | -28.9% | 0.0% | 29.8% | 7.8% | 33.3% |
| Castro Valley | $212,500 | $245,250 | 4 | 86 | 99.2% | -47.3% | -54.6% | -33.3% | -10.8% | -22.7% | 100.0% |
| Dublin | $313,000 | $335,008 | 30 | 56 | 98.6% | 2.6% | 5.2% | 30.4% | 4.6% | -5.7% | 36.4% |
| Emeryville | $240,000 | $256,007 | 15 | 53 | 96.5% | -9.4% | 0.6% | 36.4% | -0.5% | -2.6% | 25.0% |
| Fremont | $230,000 | $266,356 | 51 | 50 | 97.5% | -13.2% | -9.3% | -7.3% | -4.0% | 2.4% | 2.0% |
| Hayward | $169,000 | $172,669 | 24 | 75 | 98.5% | 10.8% | 6.7% | -20.0% | 4.7% | 9.0% | -41.5% |
| Livermore | $249,000 | $233,047 | 21 | 35 | 98.9% | 0.8% | -4.3% | 50.0% | 28.8% | 43.9% | 50.0% |
| Newark | $190,000 | $201,333 | 3 | 47 | 97.0% | -6.4% | -5.7% | -62.5% | 17.2% | 10.8% | -50.0% |
| Oakland | $185,000 | $207,769 | 39 | 61 | 97.8% | -17.8% | -19.2% | -4.9% | -8.8% | -9.3% | -25.0% |
| Pleasanton | $231,200 | $250,046 | 20 | 68 | 97.9% | -24.9% | -21.8% | 100.0% | -15.7% | -23.6% | 233.3% |
| San Leandro | $130,000 | $162,771 | 17 | 112 | 95.5% | -21.3% | 4.7% | 112.5% | -8.3% | -24.6% | 41.7% |
| Union City | $172,000 | $187,983 | 12 | 56 | 101.7% | -17.1% | -10.8% | -50.0% | -15.2% | -11.8% | 9.1% |
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