East Bay, California Homes For Sale Market Report November 2009

We all analysed 34 major metropolitan areas in the East Clean Market. Sales of Late 2009 were compared to November 2008 Median Selling price Difference in Home Prices Granville Homes

The major cities that acquired double digit drop in median home prices as compared to last yr were Lafayette (-19. 31%), Walnut Creek (-18. 44%), Alameda (-13. 88%), Emeryville (-13. 61%), Antioch (-10. 07%). Fortunately all other cities had single number drops and some urban centers actually showed gains in home prices over a year ago. Oakland (12. 84%), Gulf Point (14. 19%), Danville (16. 22%), Fremont (17. 64%), El Sobrante (21. 54%) and Discovery Bay( 22. 54%) 

Median Times On Market

28 of the 34 cities actually had homes for lower median days on the industry as compared to previous year. That is also evident from the amount of multiple offers being received on individual homes and the quantity of rejections Potential buyers received. 25 cities acquired double digit drop in median days the homes were on industry. 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 median days on the market down by over fifty percent.

Homes Offered

Overall the homes sold last year in Late 2008 were 2008 homes as compared to 1932 homes this year in November 2009. Some metropolitan areas faced increases and some faced losses but overall the decline had not been visible.

Where have the Loan provider Foreclosures gone?

It’s a fact that Bank Possessed listings/ homes are few to find. Everybody is scratching their heads to figure this one away. We have numbers in our are accountable to show that Bank Real estate foreclosures have dropped as in comparison to same time previous year. But considering that the deal of homes was quite comparable to last yr where did the big difference come from. It almost certainly includes property flippers, exchanges and regular sales by sellers. It is difficult to concentrate on the break down of this one. However we do have within Bank ACUSADO homes. 29 of the 34 cities had lowered Bank Foreclosures. 27 of the 29 cities got double digit decreases. Main decreases in Bank Held properties was in Pleasanton (-68. 18%), Danville (-66. 41%)Dublin ( -61. 54%)Fremont (-56. 93%), Pinole (-56. 04%), Hayward (-55. 75%).

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