MarketReport Market Report for the Fremont area December 2022 Copyright by KW Advisors 2022
Jump to Fremont City Report Fremont Jump to Newark Report Newark Jump to Union City Report Union City Fremont area Jump to Milpitas Report Milpitas Jump to Hayward Report Hayward
Castro Valley
Jump to Castro Valley Report
Jump to San Leandro Report
Tri-Cities
San Leandro (Fremont, Newark & Union City)
Jump to Tri-Cities Report
Pleasanton
Jump to Pleasanton Report
San Ramon
Jump to San Ramon Report
Livermore
Jump to Livermore Report
Whatisyour homereallyworth intoday’smarket?
This is a question we should all be asking ourselves
Our market is incredibly diverse, and changing rapidly Values may vary, not just by neighborhood, but by street Your home isn't necessarily worth what your neighbors' home is The current market is what sets the value of your home
So, do you know what your home is worth in today's market?
Contact me for a confidential, no obligation assessment of your home's value.
Icanhelp...
WhyThereWon’tBeaFlood ofForeclosuresComingtothe HousingMarket
With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined to repeat the crash we saw in 2008 Though there are some parallels, the current market conditions differ significantly from those of the dot-com bubble in 2000 This time around the market presents a much more stable and secure landscape than it did previously, thanks to significantly reduced levels of foreclosure. Here’s a look at why there won’t be a wave of foreclosures flooding the market.
Milpitas
What's in the Milpitas data?
Milpitas’ single-family housing market decreased to $1.4 million with 17 homes sold. There was an increase in new listings with 52 units. The number of condo and townhome sales increased to $1 million since last November with 13 units sold and 45 new listings. Buyers have remained aggressive, with offer prices persisting to be around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
45 New Listings 4.3 Months of Inventory $1M Median Sale Price 96.2% Median Sale vs List 23 Avg Days on Market 13 Sold Listings CONDO Condo & Townhomes
mber2022 mber2022
Single Family Homes
The median sales price has slightly increased from $1 450m last year's November to $1 460m this year
Condos & Townhomes
The median sales price has increased from $928k last November 2021 to $1m by November 2022
AVGDays OntheMarket
Single Family Homes
The average time on the market has increased from 19 days in November 2021, to 21 days this year.
Condos & Townhomes
The average time on the market has gone up from 19 days last year November 2021, to 23 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 113.1% last year's November, to 96.7% this year.
Condos & Townhomes
The overbid percentage decreased from 104% of November 2021, to 96 2% a year later
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
$0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,500,000 $1,000,000 $500,000
Median SalesPrice
Fremont
What's in the Fremont data?
Fremont’s single-family housing market decreased to $1.4 million median sold price with 65 homes sold. There was an increase in new listings at 162 units. The number of condo and townhome sales decreased to $795k with 24 units sold and 116 new listings. Buyers have remained aggressive, with offer prices persisting to be around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
2 gs Inventory $1.4M Median Sale Price 4% le vs List 23 65 Sold Listings H Family Homes Avg Days on Market all single-family, townhome, and condominium sales in Milpitas, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon, Castro Valley sourced from Broker Metrics. Data from sources deemed errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.
116 New Listings 2.9 Months of Inventory $795K Median Sale Price 96.3% Median Sale vs List 44 Avg Days on Market 24 Sold Listings CONDO Condo & Townhomes
tember2022October2022November2022 ptember2022October2022 NGS
Single Family Homes
The median sales price has decreased from $1 5m in November 2021 to $1 4m in November 2022
Condos & Townhomes
The median sales price has decreased from $807k in November 2021 and $795k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average time on market increased from 20 days last November 2021, to 23 days by November 2022.
Condos & Townhomes
The average time on market increased from 19 days in November 2021, to 44 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 111.30% last November 2021 to 95.4% a year later.
Condos & Townhomes
The overbid percentage decreased from 104 7% last November 2021 to 96 3% a year later
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 50 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,500,000 $1,000,000 $500,000 $0
Median SalesPrice
Newark
What's in the Newark data?
Newark’s median sold price for single-family homes in November decreased to $1.1 million with 18 homes sold and the number of new listings increased to 46. The number of condo and townhome sales decreased to $705k with 6 units sold and 11 new listings. Buyers have remained aggressive, with offer prices persisting to be around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
11 New Listings 1.2 Months of Inventory $705K Median Sale Price 100% Median Sale vs List 33 Avg Days on Market 6 Sold Listings CONDO Condo & Townhomes
ember2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 5 0 5 0 5 0 mber2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 Newark NOVEMBER 2021 - NOVEMBER 2022 LISTINGS FOR SALE SOLD LISTINGS ingle Family Homes ast 12 months, year-over-year. ondos & Townhomes ast 12 months, year-over-year
Single Family Homes
The median sales price slightly decreased from $1 3m in November 2021 to $1 1m in November 2022
Condos & Townhomes
The median sales price has decreased from $877k in November 2021 and $705k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average time on market increased from 19 days last November 2021 to 26 days by November 2022
Condos & Townhomes
The average time on market increased from 29 days in November 2021, to 33 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 109.5% last November 2021 to 94.2% a year later.
Condos & Townhomes
The overbid percentage has decreased from 105 7% last November 2021 to 100% a year later
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,500,000 $1,000,000 $500,000 $0
Median SalesPrice
Union City
What's in the Union City data?
Union City’s single-family housing market decreased to $1.2 million median sold price with 19 homes sold and an increase in new listings at 40 units. The number of condos & townhomes decreased to $570k with 5 units sold and 26 new listings. Buyers have remained aggressive, with offer prices persisting to be around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
26 New Listings 3.2 Months of Inventory $570K Median Sale Price 97.8% Median Sale vs List 39 Avg Days on Market 5 Sold Listings CONDO Condo & Townhomes
er2022 ber2022 y y
Median SalesPrice
Single Family Homes
The median sales price has decreased from $1 3m last November 2021 to $1 2m on November 2022
Condos & Townhomes
The median sales price has decreased from $710k last November 2021 to $570k on November 2022.
AVGDays OntheMarket
Single Family Homes
The average time on market is up from 11 days last November 2021, to 33 days by November 2022.
Condos & Townhomes
The average time on market is from 18 days last November 2021, to 39 days by November 2022
Overbids
Single Family Homes
The overbid percentage is down to 112.9% last November 2021 which decreased to 93.5% a year later.
Condos & Townhomes
The overbid percentage has gone down from 102 7% last November 2021 to 97.8% a year later.
November2021December2021January2022
September2022October2022
October2021
February2022March2022April2022May2022June2022July2022August2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022
50 40 30 20 10 0 October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,500,000 $1,000,000 $500,000 $0 October2021
October2022
Hayward
What's in the Hayward data?
Hayward’s single-family housing market decreased to $849k with 65 homes sold. There was an increase to 191 new listings. The number of condo and townhome sales increased to $700k with 26 units sold and 71 new listings. Buyers have remained aggressive, with offer prices persisting to be around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
191 ew Listings 1.8 onths of Inventory $849K Median Sale Price edian Sale vs List 36 65 Sold Listings SFH ingle Family Homes Avg Days on Market 94.8% The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon, Livermore, and Castro Valley sourced from Broker Metrics. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.
71 New Listings 2.2 Months of Inventory $700K Median Sale Price 96.2% Median Sale vs List 29 Avg Days on Market 26 Sold Listings CONDO Condo & Townhomes
November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 400 300 200 100 0 November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 150 100 50 0 Hayward NOVEMBER 2021 - NOVEMBER 2022 L FOR SALE SOLD LISTINGS Single Family Homes Last 12 months, year-over-year. Condos & Townhomes Last 12 months, year-over-year
Median SalesPrice
Single Family Homes
The median sales price decreased from $900k in November 2021 to $849k in November 2022
Condos & Townhomes
The median sales price increased from $574k in November 2021 and $700k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 20 days last November 2021 to 36 days by November 2022.
Condos & Townhomes
The average days on market increased from 22 days in November 2021 to 29 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 106.8% last November 2021 to 94.8% a year later.
Condos & Townhomes
The overbid percentage decreased from 104 2% last November 2021 to 96 2% a year later
December2021January2022
October2022November2022
November2021
February2022March2022April2022May2022June2022July2022August2022September2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022
40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0
November2022
Castro Valley
What's in the Castro Valley data?
Castro Valley’s single-family housing market decreased to $1.1 million with 23 homes sold and the number of new listings has increased to 72 new units. The number of condo & townhomes sales decreased to $796k with 3 units sold and 10 new listings. Buyers have remained aggressive, with offer prices persisting to be around 100%.
Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
ntory $1.1M Median Sale Price List 35 23 Sold Listings mily Homes Avg Days on Market %
single-family, townhome, and condominium sales in Milpitas, City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon, Valley sourced from Broker Metrics. Data from sources deemed rs and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.
10 New Listings 1.7 Months of Inventory $796K Median Sale Price 92.8% Median Sale vs List 23 Avg Days on Market 3 Sold Listings CONDO Condo & Townhomes
gust2022September2022October2022November2022 gust2022September2022October2022November2022 y ISTINGS y y
Single Family Homes
The median sales price has decreased from $1 3m last November 2021 to $1 1m in November 2022
Condos & Townhomes
The median sales price has decreased from $854k last November 2021 to $796k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average time on market is from 22 days last November 2021 up to 35 days by November 2022.
Condos & Townhomes
The average time on market is up from 11 days last November 2021, to 23 days in November 2022
Overbids
Single Family Homes
The overbid percentage has decreased from 110.6% last November 2021 to 95.3% a year later.
Condos & Townhomes
The overbid percentage has gone down from 103% last November 2021 to 92 8% a year later
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
$0 November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$1,500,000 $1,000,000 $500,000
Median SalesPrice
San Leandro
What's in the San Leandro data?
San Leandro’s single-family housing market increased monthover-month to $886 thousand, with 25 homes sold, and the number of new listings has increased to 95 units. The number of condo & townhome sales decreased month-overmonth to $505 thousand, with 9 units sold and 32 new listings. Buyers have remained aggressive, with offer prices persisting to be around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
32 New Listings 0.6 Months of Inventory $505K Median Sale Price 94.9% Median Sale vs List 45 Avg Days on Market 9 Sold Listings CONDO Condo & Townhomes
November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 200 150 100 50 0 November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 60 40 20 0 SanLeandro NOVEMBER 2021 - NOVEMBER 2022 LISTINGS FOR SALE VS SOLD LISTINGS Single Family Homes Last 12 months, year-over-year. Condos & Townhomes Last 12 months, year-over-year
Single Family Homes
The median sales price increased from $844k in November 2021 to $889k in November 2022
Condos & Townhomes
The median sales price decreased from $540k in November 2021 and $505k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 17 days last November 2021 to 33 days by November 2022
Condos & Townhomes
The average days on market increased from 13 days in November 2021 to 45 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 109.7% last November 2021 to 102.2% a year later.
Condos & Townhomes
The overbid percentage decreased from 105 6% last November 2021 to 94 9% a year later
December2021January2022
October2022
November2021
February2022March2022April2022May2022June2022July2022August2022September2022
November2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022
50 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0
November2022
Median SalesPrice
Tri-Cities
What's in the Tri-Cities data?
Tri-Cities single-family housing market decreased to $1.3 million with 102 homes sold and the number of new listings increased to 248. The number of condo and townhome sales decreased to $699k with 35 units sold and 152 new listings. Buyers have remained aggressive, with offer prices persisting to be around 100%. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
Fremont,Newark&UnionCity
Price Market
condominium sales in Milpitas, Pleasanton, San Ramon, from sources deemed rights reserved. Each
3M
152 New Listings 0.8 Months of Inventory $699K Median Sale Price 97.1% Median Sale vs List 42 Avg Days on Market 35 Sold Listings CONDO Condo & Townhomes
May2022 June2022 July2022August2022September2022October2022November2022 May2022 June2022 July2022August2022September2022October2022November2022 s NOVEMBER 2021 - NOVEMBER 2022 E SOLD LISTINGS ar. y y ar
Single Family Homes
The median sales price decreased from $1.4m in November 2021 to $1.3m in November 2022.
Condos & Townhomes
The median sales price decreased from $797k in November 2021 and $699k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average time on market increased from 18 days last November 2021, to 26 days by November 2022.
Condos & Townhomes
The average time on market increased from 20 days in November 2021 to 42 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 111.4% last November 2021 to 94.9% a year later.
Condos & Townhomes
The overbid percentage decreased from 104 5% last November 2021 to 97 1% a year later
December2021January2022
November2021
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022
50 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,500,000 $1,000,000 $500,000 $0
November2022
Median SalesPrice
Pleasanton
What's in the Pleasanton data?
Pleasanton’s single-family housing market decreased to $1.6 million with 32 homes sold and the number of new listings increased to 74. The number of condo and townhome sales decreased to $825k with 11 units sold and 31 new listings. Buyers have remained aggressive, with offer prices persisting to be around 100%. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
31 New Listings 1.6 Months of Inventory $825K Median Sale Price 94.2% Median Sale vs List 39 Avg Days on Market 11 Sold Listings CONDO Condo & Townhomes
2August2022September2022October2022November2022 2August2022September2022October2022November2022 LISTINGS y y
Median SalesPrice
Single Family Homes
The median sales price decreased from $1 7m in November 2021 to $1 6m in November 2022
Condos & Townhomes
The median sales price decreased from $880k in November 2021 and $825k in November 2022
AVGDays OntheMarket
Single Family Homes
The average time on market increased from 10 days last November 2021 to 47 days by November 2022.
Condos & Townhomes
The average time on market increased from 29 days in November 2021 to 39 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 109.3% last November 2021 to 87.7% a year later.
Condos & Townhomes
The overbid percentage decreased from 104 10% last November 2021 to 94 2% a year later
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
50 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
San Ramon
What's in the San Ramon data?
San Ramon’s single-family housing market decreased to $1.5 million, with 38 homes sold and an increase in new listings increased to 62. The number of condo and townhome sales increased month-over-month to $800k with 14 units sold and 45 new listings. Buyers have remained aggressive, with offer prices persisting to be around 100%. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
and condominium sales in Milpitas, Leandro, Tri-Cities, Pleasanton, San Ramon, Metrics. Data from sources deemed ision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.
ian Sale Price 6
Listings
1.5M
8
es Days on Market
CONDO Condo & Townhomes 45 New Listings 4.8 Months of Inventory $800K Median Sale Price 95.8% Median Sale vs List 44 Avg Days on Market 14 Sold Listings
August2022September2022October2022November2022 August2022September2022October2022November2022 LISTINGS Last 12 months, year over year
Median SalesPrice
Single Family Homes
The median sales price decreased from $1 6m in November 2021 to $1 5m in November 2022
Condos & Townhomes
The median sales price increased from $725k in November 2021 and $800 in November 2022.
AVGDays OntheMarket
Single Family Homes
The average time on market increased from 8 days last November 2021 to 36 days by November 2022.
Condos & Townhomes
The average time on market increased from 18 days in November 2021 to 44 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 108.9% last November 2021 to 93.8% a year later.
Condos & Townhomes
The overbid percentage decreased from 102 2% last November 2021 to 95 8% a year later
December2021
November2021
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
50 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
Livermore
What's in the Livermore data?
Livermore’s single-family housing market decreased month-over-month to $1.1 million with 52 homes sold and the number of new listings increased to 154. The number of condo and townhome sales decreased to $700k with 5 units sold and 26 new listings. Buyers have remained aggressive, with offer prices persisting to be around 100%. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
Me sales in Milpitas, Pleasanton, San Ramon, sources deemed reserved. Each
ket
CONDO Condo & Townhomes 26 New Listings 1.6 Months of Inventory $700K Median Sale Price 93.6% Median Sale vs List 51 Avg Days on Market 5 Sold Listings
Last 12 months, year over year
vember2022 November2022
Single Family Homes
The median sales price slightly decreased from $1 192m in November 2021 to $1 110m in November 2022
Condos & Townhomes
The median sales price decreased from $830k in November 2021 and $700k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average time on market increased from 13 days last November 2021 to 27 days by November 2022.
Condos & Townhomes
The average timee on market increased from 15 days in November 2021 to 51 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 105.4% last November 2021 to 95.4% a year later.
Condos & Townhomes
The overbid percentage decreased from 102.5% last November 2021 to 93.6% a year later.
November2021December2021January2022February2022March2022April2022May2022June2022July2022
October2022November2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022
60 40 20 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
August2022September2022
$1,500,000 $1,000,000 $500,000 $0
October2022November2022
Median SalesPrice
39465 Paseo Padre Parkway #1500 Fremont CA 94538 KellerWilliamsFremont :
