East Bay, California Homes For Sale Market Report November 2009

We dissected 34 noteworthy urban areas in the East Bay Market.Sales of November 2009 were contrasted with November 2008 Median Price Change in Home Prices Prescott Lakes

The real urban communities that had twofold digit drop in middle home costs when contrasted with a year ago were Lafayette (- 19.31%),Walnut Creek (- 18.44%),Alameda (- 13.88%),Emeryville (- 13.61%),Antioch (- 10.07%).The uplifting news is all different urban communities had single digit drops and a few urban communities really demonstrated gains in home costs over last year.Oakland (12.84%),Bay Point (14.19%),Danville (16.22%),Fremont (17.64%),El Sobrante (21.54%) and Discovery Bay( 22.54%) 

Middle Days On Market

28 of the 34 urban communities really had homes for lower middle days available when contrasted with a year ago. That is likewise apparent from the quantity of different offers being gotten on individual homes and the quantity of dismissals Buyers received.25 urban areas had twofold digit drop in middle days the homes were available. Pinole (- 65.14%),Pacheco (- 64.91%),San Lorenzo (- 64.06%),Hercules (- 62.97%),Bay Point ( – 61.93%),Pittsburg (- 51.05%)and Hercules (- 50.29%)had the middle days available around the greater part.

Homes Sold

By and large the homes sold a year ago in November 2008 were 2008 homes when contrasted with 1932 homes this year in November 2009.Some urban areas confronted increments and some confronted misfortunes yet generally speaking the decrease was not detectable.

Where have the Bank Foreclosures gone?

Bank Owned postings/homes are few to discover. Everyone is scratching their heads to make sense of this one. We have numbers in our answer to demonstrate that Bank Foreclosures have dropped when contrasted with same time a year ago. Be that as it may, since the offer of homes was very practically identical to a year ago where did the distinction originate from. It in all likelihood incorporates property flippers, short deals and normal deals by merchants. It is hard to pinpoint the separate of this one.However we do have changes in Bank REO homes.29 of the 34 urban communities had diminished Bank Foreclosures.27 of the 29 urban communities had twofold digit diminishes. Significant abatements in Bank Owned properties was in Pleasanton (- 68.18%),Danville (- 66.41%)Dublin ( – 61.54%)Fremont (- 56.93%),Pinole (- 56.04%),Hayward (- 55.75%).

Leave a Reply

Your email address will not be published. Required fields are marked *