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

Page 1


Peninsula Estates

Alameda County

Jump to Alameda County 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.

ThisIstheSweetSpotHomebuyers HaveBeenWaitingFor

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers— and it’s one that may not last long.

So, if you’ve put your own move on the back burner, here’s why maybe you shouldn’t delay your plans any longer.

As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do?

A C

Wh Ther

prov 1,04 med perc days

Ther sale were med perc days

amily Homes

2 ntory

622 Sold Listings

$1.2M Median Sale Price

3% List

25 Avg Days on Market

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

397

New Listings

3.2

Months of Inventory

100.7%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has decreased from $730k last September 2023, to $727k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 20 days last September 2023, to 25 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 26 days in September 2023, to 34 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 107 3% last September 2023, to 105 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.9% last September 2023, to 100.7% a year later.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.