Martin Santiago - September 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.

TheLifestyleFactorsThatCould TiptheScale

Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later.

An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights:

Alamed County

What's in the Alam

There were 2,045 single-fam providing 1.5 months of inve new listings, and 664 homes price of $1.2m. The median o was at 105%, with an average market.

There were 987 condo and to sale, providing 2.7 months of were 362 new listings and 21 median sale price of $700k. T percentage was at 99 6%, wi days on the market.

single-family homes, condos and Emeryville, Fremont, Hayward, 94603, 94605, 94606, 94607, from August 2023 to from the time the data was 02029039. Copyright KW Advisors East Bay 2024. Each office is independently owned and operated.

362

New Listings

219

Sold Listings

2.7

Months of Inventory

$700K

Median Sale Price 99.6%

Median Sale vs List

29 Avg Days on Market

AUGUST 2023 - AUGUST 2024

FOR SALE SOLD LISTINGS

Homes

s, year-over-year. nhomes

s, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 250m last August 2023, to $1 255m as of August 2024

Condos & Townhomes

The median sale price has decreased from $717k last August 2023, to $700k as of August 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 17 days last August 2023, to 24 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 24 days in August 2023, to 29 days as of August 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 105 9% last August 2023, to 105% a year later

Condos & Townhomes

The overbid percentage has decreased from 101% last August 2023, to 99.6% a year later.

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