Martin Santiago - November 2024 Market Report | Peninsula Estates (Alameda County)

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Peninsula Estates

Alameda County

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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.

IsaFixerUpperRightforYou?

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.

What Is a Fixer Upper?

A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing a roof or updating plumbing.

Alameda County

What's in the Alameda data?

There were 2,164 single-family homes for sale, providing 1.4 months of inventory. There were 852 new listings, and 754 homes sold at a median price of $1.2m. The median overbid percentage was at 106.7%, with an average of 25 days on the market.

There were 1,044 condo and townhome units for sale, providing 2.8 months of inventory. There were 333 new listings and 218 units sold at a median sale price of $712k. The median overbid percentage was at 99 7%, with an average of 38 days on the market.

He-Family Homes

2 ings

754 Sold Listings

4 of Inventory

$1.2M Median Sale Price

6.7% Sale vs List

25 Avg Days on Market

sourced from Broker Metrics, includes all single-family homes, condos and in Alameda, Albany, Berkeley, Castro Valley, Emeryville, Fremont, Hayward, Pleasanton, San Leandro, Oakland, 94601, 94602, 94603, 94605, 94606, 94607, 94609, 94610, 94611, 94612, 94618, 94619, and 94705 from October 2023 to 2024. This may include preliminary data, and may vary from the time the data gathered. All data is deemed reliable but not guaranteed. DRE# 02029039. Copyright KW Advisors East Bay 2024. Each office is independently owned and operated.

333

New Listings

218 Sold Listings

2.8

Months of Inventory

$712K

Median Sale Price 99.7%

Median Sale vs List 38 Avg Days on Market

AlamedaCounty

OCTOBER 2023 - OCTOBER 2024

LISTINGS 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 sale price has increased from $1 22m last October 2023, to $1 26m as of October 2024

Condos & Townhomes

The median sale price has decreased from $722k last October 2023, to $712k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 21 days last October 2023, to 25 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 26 days in October 2023, to 38 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 106 8% last October 2023, to 106 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.9% last October 2023, to 99.7% a year later.

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