Market Statistics for Hayward and Castro Valley, Ca. 12-31-11

Final Report for 2011!

What we can see from these figures is that Hayward has a larger number of listings that Castro Valley. No surprise there – Hayward is a good size city and Castro Valley is a much smaller unincorporated area of Alameda County. They are contiguous so many buyers cross over and shop for housing in both cities.

The absolute number of homes for sale has dropped in both cities in the last two months. That reflects the market in all parts of Alameda County. Inventory is down across all cities in Alameda County.

 

Market Statistics

 

Market Statistics

 

Hayward continues to have a large percentage of distressed sales. Again, that is not a surprise since Hayward real estate is generally lower priced. The first time buyers who bought up so much of the lower priced homes when the market was boiling have been hard hit by REOs and short sales.  

One thing that is clear to me is that right now is a window of opportunity for buyers. Prices have crashed and may be bottoming out. Interest rates are at historic lows. In my opinion, anyone who buys a home now will look back in a few years and be very satisfied that they made that decision. There continues to be many opportunities to acquire attractive real estate in both Hayward and Castro Valley. Now is the time to take advantage of that opportunity.

 
This post has been included in California Real Estate News Alameda County, CA Real Estate News
Post is included in group: ActiveRain Contests

2 Comments on MARKET STATISTICS - HAYWARD AND CASTRO VALLEY, CA. 12-31-11

JAN
01
2012
488,077 Points 5 Featured Posts Localism Sponsor

Well, Castro Valley distressed sales market was up; hopefully it gets better there! Regards from Ann Arbor
2:21pm • #1
JAN
15
2012
1,159,100 Points 29 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

John getting the inventory down is important to the recovery of the market.   I so agree that buyers have a window of opportunity to get a home at a good price and  at a terrific mortgage rate.
7:30am • #2


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
John_2844_x_1896 Rainmaker_large

John Juarez, DRE 01223788 CDPE, ePRO, SRES

510-673-0686 San Francisco East Bay

Fremont, CA

More about me…

Prudential California Realty

Address: 3811 E. Castro Valley Blvd., Castro Valley, Ca., 94552

Cell Phone: (510) 673-0686

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find CA real estate agents and Fremont real estate on ActiveRain.