Kelsey Lane - July 2024 Market Report | Fremont

Page 1


Fremont area

Milpitas

Jump to Milpitas Report

Fremont

Jump to Fremont City Report

Newark

Jump to Newark Report

Union City

Jump to Union City Report

Hayward

Jump to Hayward Report

Castro Valley

Jump to Castro Valley Report

San Leandro

Jump to San Leandro Report

Tri-Cities

(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

Cupertino

Jump to Cupertino Report

Oakland

Jump to Oakland Report

What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision

According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:

UNLOCK YOUR DREAM HOME IN

A HIGH-RATE

MARKET

Rising interest rates have many homebuyers worried about affordability, forcing some to delay their dreams of homeownership.

Lower

PROTECT

WHAT YOU DON’T EXPECT

You can’t always see a breakdown coming, but you can plan for it with American Home Shield. Our home service plans help fix or replace covered home systems and appliances, and help you stay on budget. Protect what you don’t expect.

CLICK HERE TO WATCH THE VIDEO

Looking to lighten the mood in your laundry room?

EIGHTEYECATCHING

Laundry Room Colors

To Look Out For

These refreshing colors make the wash-and-dry chore a little more pleasant.

Tranquil Blue

View it here

Sage Green

View it here

Eight Colrs fo Laundry

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

View it here

View it here

Navy Blue Purple

View it here

Create a tranquil laundry space with Benjamin Moore's Beach Glass Its light blue shade, coupled with a subtle gray undertone, offers a clean and versatile aesthetic that avoids any baby nursery associations.

Transform your space with earthy tones like October Mist and Gloucester Sage from Benjamin Moore. Test out the trendy sage in your laundry room for a lowcommitment update easy to change and customize, ensuring lasting satisfaction with your design choice.

Create an elegant laundry room with Chantilly Lace by Benjamin Moore The classic white choice adds sophistication, opens up the space, and simplifies stain detection.

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn or Upbeat bring warmth and optimism, while Pearly White offers a mellow option a yellow-based white that brings a perfect harmony of vibrancy and calmness

Gray remains a top choice for laundry room walls, providing a timeless and serene backdrop A soft gray for a whisper of sophistication, easily personalized with printed patterned tile flooring or Behr's bold 2024 Color of the Year, Cracked Pepper.

Sherwin-Williams' Rosebud for a touch of romance in laundry rooms. The dusty pink hue, paired with gold accents, adds a luxurious and warm atmosphere

Navy as the key to a striking laundry room. Beyond lighter blues, navy paired with lighter accents or white fixtures, especially Benjamin Moore's Hale Navy, creates a bold choice that makes the laundry room stand out.

Dare to take a style risk in your laundry room with a pop of color Opt for the subtle smoky lavender of Farrow & Ball's Peignoir for a neutral touch or go all-out glam with Backdrop's dark and vampy McQueen, drawing inspiration from the famous fashion designer.

Source : https://www familyhandyman com/list/laundry-room-colors/

WITH UNLOCKING YOUR PROPERTY’S POTENTIAL

Thinking about boosting your property value and adapting to changing family needs? An Accessory Dwelling Unit (ADU) might be your answer. A recent success story, from the Willow Glen neighborhood in San Jose, shows just how impactful the right ADU can be

Project Overview

In early 2021, a homeowner in Willow Glen partnered with Acton ADU to enhance their property value and create a flexible living space for their parents. Initially, the home was appraised at $1,450,000. The goal was to boost property value and meet their family’s housing needs.

Construction and Results

Construction of the 748-square-foot ADU began in August 2021 with a cost of $487,130 and was completed by December 2021. The new appraisal, by an appraiser affiliated with US Bank, revealed the property’s value had already jumped to an impressive $2,050,000.

Potential for Gains

After the project, the total investment was $1,937,130 and their property value increased by $112,870, resulting in a 5.8% ROI. This highlights the potential value an ADU can bring, while providing close, safe living space for their elderly parents.

Learn More and Connect with an Expert

Curious about how an ADU could enhance your property? Contact your real estate agent today and get expert guidance on understanding the benefits an ADU may bring to your family and property’s value

Reach out today

LEARN MORE

VENDOR DIRECTORY

When it comes to home ownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

Milpitas

What's in the Milpitas data?

There were 55 single-family homes for sale, providing 1.4 months of inventory. There were 28 new listings, and 25 homes sold at a median price of $1.6m. The median overbid percentage was at 108%, with an average of 13 days on the market.

There were 65 condo and townhome units for sale, providing 1.4 months of inventory. There were 23 new listings and 20 units sold at a median sale price of $1.2m. The median overbid percentage was at 108.1%, with an average of 16 days on the market.

mily Homes ory

25 Sold Listings

$1.6M Median Sale Price

5% ist

13 Avg Days on Market

Broker Metrics, includes all single-family homes, condos and California Area from June 2023 to June 2024. This may include vary from the time the data was gathered. All data is deemed eed. DRE# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

Condo

& Townhomes

23

New Listings

20 Sold Listings

1.4

Months of Inventory

$1.2M

Median Sale Price 108.1%

Median Sale vs List

16 Avg Days on Market

JUNE 2023 - JUNE 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 5m last June 2023, to $1 6m as of June 2024

Condos & Townhomes

The median sale price has increased from $1 1m last June 2023, to $1 2m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 11 days last June 2023, to 13 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 12 days in June 2023, to 16 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 101 3% last June 2023, to 108% a year later

Condos & Townhomes

The overbid percentage has increased from 103.9% last June 2023, to 108.1% a year later.

Fremont

What's in the Fremont data?

There were 183 single-family homes for sale, providing 0.7 months of inventory. There were 105 new listings, and 91 homes sold at a median price of $1.8m. The median overbid percentage was at 109.6%, with an average of 12 days on the market.

There were 148 condo and townhome units for sale, providing 1.5 months of inventory. There were 67 new listings and 43 units sold at a median sale price of $989k. The median overbid percentage was at 103.6%, with an average of 19 days on the market.

SFH

Single-Family Homes

105 New Listings

91 Sold Listings

0.7 Months of Inventory

$1.8M

Median Sale Price

109.6%

Median Sale vs List

12

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2023 to June 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

Condo & Townhome

67

New Listings

43 Sold Listing

1.5

Months of Inventory

$989K

Median Sale Pric

103.6%

Median Sale vs List 19 Avg Days on Marke

JUNE 2023 - JUNE 2024

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 6m last June 2023, to $1 8m as of June 2024

Condos & Townhomes

The median sale price has increased from $835k last June 2023, to $989k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 10 days last June 2023, to 12 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 15 days in June 2023, to 19 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 6% last June 2023, to 109 6% a year later

Condos & Townhomes

The overbid percentage has increased from 102.5% last June 2023, to 103.6% a year later.

Newark

What's in the Newark data?

There were 61 single-family homes for sale, providing 0.8 months of inventory. There were 32 new listings, and 26 homes sold at a median price of $1.5m. The median overbid percentage was at 107.4%, with an average of 16 days on the market.

There were 20 condo and townhome units for sale, providing 2 months of inventory. There were 8 new listings and 10 units sold at a median sale price of $1m. The median overbid percentage was at 100.6%, with an average of 23 days on the market.

8

New Listings

Median Sale vs List 23 Avg Days on Market 10 Sold Listings

2 Months of Inventory $1M Median Sale Price 100.6%

JUNE

2023 - JUNE 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 3m last June 2023, to $1 5m as of June 2024

Condos & Townhomes

The median sale price has increased from $930k last June 2023, to $1m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 15 days last June 2023, to 16 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 9 days in June 2023, to 23 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 107 7% last June 2023, to 107 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.2% last June 2023, to 100.6% a year later.

UnionCity

What's in the Union City data?

There were 58 single-family homes for sale, providing 1.5 months of inventory. There were 30 new listings, and 17 homes sold at a median price of $1.5m. The median overbid percentage was at 108.4%, with an average of 11 days on the market.

There were 29 condo and townhome units for sale, providing 2.9 months of inventory. There were 10 new listings and 7 units sold at a median sale price of $943k. The median overbid percentage was at 102%, with an average of 24 days on the market.

mily Homes ory

17 Sold Listings

$1.5M Median Sale Price

4% ist

11 Avg Days on Market

Broker Metrics, includes all single-family homes, condos and California Area from June 2023 to June 2024. This may include vary from the time the data was gathered. All data is deemed eed. DRE# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

New Listings

Townhomes

7

Sold Listings

2.9

Months of Inventory

$943K

Median Sale Price

102%

Median Sale vs List

24 Avg Days on Market

JUNE 2023 - JUNE 2024

gle-Family Homes

t 12 months, year-over-year.

ndos & Townhomes

t 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 3m last June 2023, to $1 5m as of June 2024

Condos & Townhomes

The median sale price has increased from $710k last June 2023, to $943k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 9 days last June 2023, to 11 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 9 days in June 2023, to 24 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 1% last June 2023, to 108 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 107% last June 2023, to 102% a year later.

He-Family

Homes

tings

65 Sold Listings

5 of Inventory

$1M Median Sale Price

5.6% Sale vs List

18 Avg Days on Market

sourced from Broker Metrics, includes all single-family homes, condos and in the California Area from June 2023 to June 2024. This may include ata, and may vary from the time the data was gathered. All data is deemed not guaranteed. DRE# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

New Listings

3

Months of Inventory

101.9%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $920k last June 2023, to $1m as of June 2024

Condos & Townhomes

The median sale price has increased from $683k last June 2023, to $790k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 16 days last June 2023, to 18 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 14 days in June 2023, to 27 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 105 6% last June 2023, to 105 6% a year later

Condos & Townhomes

The overbid percentage has increased from 100% last June 2023, to 101.9% a year later.

Castro Valley

What's in the Cast data?

There were 78 single-family h providing 1.2 months of inve new listings, and 27 homes s of $1.2m. The median overbi 107 2%, with an average of 2

There were 10 condo and tow sale, providing 1.5 months of were 5 new listings and 6 un sale price of $649k. The med percentage was at 104.5%, w days on the market.

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Fremont 2024.

Condo 5

New Listings

1.5

Months of Inventory

104.5%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 22m last May 2023, to $1 26m as of May 2024

Condos & Townhomes

The median sale price has decreased from $1m last June 2023, to $649k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 22 days last June 2023, to 21 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 23 days in June 2023, to 48 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 103 9% last June 2023, to 107 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 106.1% last June 2023, to 104.5% a year later.

San Leandro

What's in the San Leandro data?

There were 111 single-family homes for sale, providing 1.3 months of inventory. There were 63 new listings, and 48 homes sold at a median price of $845k. The median overbid percentage was at 104 7%, with an average of 23 days on the market

There were 33 condo and townhome units for sale, providing 2.3 months of inventory. There were 9 new listings and 8 units sold at a median sale price of $461k. The median overbid percentage was at 99.2%, with an average of 45 days on the market.

SFH

Single-Family Homes

63 New Listings

48 Sold Listings

1.3 Months of Inventory

$845K

Median Sale Price

104.7%

Median Sale vs List

23 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2023 to June 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

New Listings

2.3

Months of Inventory 99.2%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $865k last June 2023, to $845k as of June 2024

Condos & Townhomes

The median sale price has decreased from $520k last June 2023, to $461k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 13 days last June 2023, to 23 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 27 days in June 2023, to 45 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 107 2% last June 2023, to 104 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.4% last June 2023, to 99.2% a year later.

Tri-Cities

What's in the Tri-Cities data?

There were 302 single-family homes for sale, providing 0 9 months of inventory There were 167 new listings, and 134 homes sold at a median price of $1.7m. The median overbid percentage was at 109.1%, with an average of 12 days on the market.

There were 197 condo and townhome units for sale, providing 1.7 months of inventory. There were 85 new listings and 60 units sold at a median sale price of $997k. The median overbid percentage was at 102.9%, with an average of 13 days on the market.

New Listings

1.7

Months of Inventory

102.9%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 5m last June 2023, to $1 7m as of June 2024

Condos & Townhomes

The median sale price has increased from $810k last June 2023, to $997k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 11 days last June 2023, to 12 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 20 days in June 2023, to 13 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 9% last June 2023, to 109 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.3% last June 2023, to 102.9% a year later.

Pleasan

What's in the Plea

There were 132 single-family providing 1.6 months of inve new listings, and 54 homes s of $1.8m. The median overb 101.4%, with an average of 1

There were 34 condo and tow sale, providing 2 months of i 18 new listings and 10 units price of $952k. The median o was at 99.7%, with an averag market.

homes, condos and 2024. This may include gathered. All data is deemed Advisors Fremont 2024.

New Listings

2 Months of Inventory 99.7%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 7m last June 2023, to $1 8m as of June 2024

Condos & Townhomes

The median sale price has increased from $845k last June 2023, to $952k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 12 days last June 2023, to 16 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 15 days in June 2023, to 19 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 103 4% last June 2023, to 101 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.3% last June 2023, to 99.7% a year later.

SanRamon

What's in the San Ramon data?

There were 108 single-family homes for sale, providing 1.2 months of inventory. There were 68 new listings, and 43 homes sold at a median price of $1.9m. The median overbid percentage was at 102.7%, with an average of 12 days on the market.

There were 63 condo and townhome units for sale, providing 1.6 months of inventory. There were 32 new listings and 24 units sold at a median sale price of $1.1m. The median overbid percentage was at 100.6%, with an average of 21 days on the market.

SFH

Single-Family Homes

68 New Listings

43 Sold Listings

1.2 Months of Inventory

$1.9M Median Sale Price

102.7%

Median Sale vs List

12 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2023 to June 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

Condo & Townhomes

32

New Listings

24 Sold Listings

1.6

Months of Inventory

$1.1M

Median Sale Price

100.6%

Median Sale vs List

21 Avg Days on Market

JUNE 2023 - JUNE 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 8m last June 2023, to $1 9m as of June 2024

Condos & Townhomes

The median sale price has increased from $797k last June 2023, to $1 1m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 15 days last June 2023, to 12 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 14 days in June 2023, to 21 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 103 3% last June 2023, to 102 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.3% last June 2023, to 100.6% a year later.

Livermore

What's in the Livermore data?

There were 161 single-family homes for sale, providing 1 month of inventory. There were 88 new listings, and 70 homes sold at a median price of $1.2m. The median overbid percentage was at 101.1%, with an average of 17 days on the market.

There were 45 condo and townhome units for sale, providing 1.6 months of inventory. There were 24 new listings and 12 units sold at a median sale price of $912k. The median overbid percentage was at 101.8%, with an average of 32 days on the market.

SFH

Single-Family Homes

88 New Listings

70 Sold Listings

1 Month of Inventory

$1.2M

Median Sale Price

101.1%

Median Sale vs List

17 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2023 to June 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

JUNE 2023 - JUNE 2024

R SALE SOLD LISTINGS

mes year-over-year.

omes year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 25m last June 2023, to $1 26m as of June 2024

Condos & Townhomes

The median sale price has increased from $804k last June 2023, to $912k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 12 days last June 2023, to 17 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 7 days in June 2023, to 32 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104 1% last June 2023, to 101 1% a year later

Condos

& Townhomes

The overbid percentage has decreased from 101.9% last June 2023, to 101.8% a year later.

Cupert

What's in the Cupe

There were 63 single-family h providing 1.6 months of inve new listings, and 25 homes s of $2.8m. The median overbi 109.6%, with an average of 2

There were 37 condo and tow sale, providing 3.5 months of were 20 new listings and 9 u sale price of $1.5m. The med percentage was at 104.4%, w days on the market.

homes, condos and 2024. This may include gathered. All data is deemed Advisors Fremont 2024.

New Listings

3.5

Months of Inventory

104.4%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $3 1m last June 2023, to $2 8m as of June 2024

Condos & Townhomes

The median sale price has increased from $1 2m last June 2023, to $1 5m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 16 days last June 2023, to 27 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 12 days in June 2023, to 6 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 104% last June 2023, to 109 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 106.8% last June 2023, to 104.4% a year later.

Oakla

What's in the

There were 793 single providing 2.7 months new listings, and 155 price of $960k. The m was at 111.6%, with a market.

There were 319 condo sale, providing 5 9 mo were 94 new listings a sale price of $525k. T percentage was at 99 days on the market.

960K an Sale Price

Listings 8 Days on Market

single-family homes, condos and to June 2024. This may include was gathered. All data is deemed Copyright KW Advisors Fremont 2024.

Oakland

JUNE 2023 - JUNE 2024

ngle-Family Homes ast 12 months, year-over-year.

ondos & Townhomes ast 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1m last June 2023, to $960k as of June 2024

Condos & Townhomes

The median sale price has decreased from $580k last June 2023, to $525k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 22 days last June 2023, to 28 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 29 days in June 2023, to 26 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 113 9% last June 2023, to 111 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.5% last June 2023, to 99.7% a year later.

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