Pending home sales in California saw the first double-digit annual increase in three years in February and also the largest gains since the housing crisis. According to a report from the California Association of Realtors, pending home sales increased by 15.6 percent year over year in February, the most significant annual increase since April of 2009. The Bay Area also saw double-digit percentage increases which suggests that the pace of sales will pick up across the state in the coming months. This may finally give buyers a more level playing field. The median sale price in San Leandro increased year over year by 14%, from $455,000 to … (2 comments)
The market has been pretty quiet among many Bay Area cities over the last few months of 2015, including San Leandro. Home sales declined in all nine Bay Area counties in the first month of 2015 which was the the result of limited affordability, according to a report released by the California Association of Realtors. Additionally the sales drop-off in the Bay Area was attributed to intense demand and inventory shortages, which have driven up prices. The report also stated that the Bay Area was the only region in the state where the average home seller could expect to take in about 100 … (0 comments)
The number of Bay Area homes on the market tightened as 2014 ended and continue to in the first month of 2015. According to the California Association of Realtors December home sales and price report, the months’ supply of inventory for single-family homes across the Bay Area dropped to 1.7 in December, down from 2.3 in November. With that, the Bay Area real estate market remains heavily tilted in favor of sellers, as it did one year ago. Along with inventory levels, home prices also dipped across the Bay Area. Even with the month-over-month slips, Bay Area counties remain the state’s most expensive … (1 comments)
san leandro housing market: San Leandro Real Estate Update - January
- 01/07/15 07:36 AM
Happy 2015 to all! What a year 2014 was for the real estate market. Overall, the market in San Leandro was steady but like all of the Bay Area, it was nothing to write home about. Employment statistics released earlier in the week by the U.S. Bureau of Labor Statistics (BLS) fall right in line with analysts’ recent predictions that the housing market will make a comeback in 2015. Reports from economists at CoreLogic and Wells Fargo released in December indicated they believe housing will rebound in 2015 after a disappointing 2014, and they cited improvements in the U.S. labor market … (0 comments)
san leandro housing market: San Leandro Real Estate Update - December
- 12/04/14 05:40 AM
2014 has been a great year for the San Leandro real estate market. And with recent 2015 projections coming out for the U.S. real estate market, 2015 will likely be even better. Freddie Mac’s economic outlook for 2015 calls for 3 percent growth in the U.S. economy, which means good news for Bay Area housing. Home value appreciation is expected to drop slightly which is a positive for buyers and sellers. Home values have appreciated so much throughout the last year so many homeowners are all in all in a good place. This also means buyers will be more active. As far … (0 comments)
san leandro housing market: San Leandro Real Estate Update - November
- 11/06/14 02:54 AM
With only two more months left of 2014, most are wondering how 2015 projections are looking for sellers and buyers. A recent forecast by the California Association of Realtors gives much hope to homebuyers for the coming year, with a prediction of a growing supply of inventory, leveling home prices and less competition with investors. There is also a prediction that mortgage interest rates will remain at historically low levels throughout 2015. This is an incredible outlook for the coming year. And with that being said, 2014 has been a very solid year in the real estate market. The San … (0 comments)
san leandro housing market: San Leandro Real Estate Update - October
- 10/13/14 03:19 PM
The U.S. market is nearly fully recovered and San Leandro is among many Bay Area cities that is recovering quicker than the nation. Median sale prices continue to rise which has been the case for nearly the entire year. Every month there are small increases. Year over year the median sale price has increased by 8%, from $412,000 to $444,000. The number of properties sold is down year over year by 15% which is likely due to the lower inventory levels. Additionally, for sale properties are down year over year by 6%. Overall, September was a good month for the … (0 comments)
san leandro housing market: San Leandro Real Estate Update - September
- 09/08/14 02:35 PM
San Leandro’s real estate market this summer has been more quiet than in recent years likely due to intense demand and constrained inventory. This, coupled with increased prices has some homebuyers sitting out the action as they wait for the supply-and-demand ratio to stabilize. In San Leandro specifically, the median sale price is up slightly year over year from $458,300 to $470,000, about 3%. The number of single family homes sold in San Leandro is actually down 4% year over year, from 55 in August 2013 to 53 in August 2014. The number of new properties coming on the market per … (0 comments)
San Leandro’s median sale price increased year over year by 13%, from $420,000 in June 2013 to $474,000 in June 2014. San Leandro is one of the very few cities for the month of June that actually saw a spike in the median sale price. Most all cities saw slight decreases. In addition to a solid median sale price, the number of new properties has also increased slightly year over year, roughly 4%. And oddly enough the average number of days a home sat on the market increased by nearly 75% year over year. That is a major spike … (0 comments)
san leandro housing market: San Leandro Real Estate Update - June
- 06/04/14 12:35 PM
The median sale price in San Leandro is up year over year by 15%, from $412,000 in May 2013 to $472,000 in May 2014. The last four months have brought a slight but steady increase in the median price. The number of properties sold in San Leandro is down 19% year over year, from 58 to 47. This is very common among Bay Area cities, as the inventory levels have been pretty low, therefore effecting the number of units moving. Among other decreases, the number of new property by month has gone down 22% over the past year. The opposite … (0 comments)
san leandro housing market: San Leandro Real Estate Update - March
- 03/12/14 11:29 AM
San Leandro is a different market compared to many Bay Area cities, we’ve seen major spikes throughout the year in median sale prices, given the demand in inventory but San Leandro’s increase has been very modest. The median sold price has increased by 8%, from $385,000 to $416,000. In addition, the number of new listings has continued to decline over the last month, which is not the case for many towns throughout the area. In January the number of new listings was 55 compared to 44 in February, roughly 20%. This just shows you how each pocket is so different in … (0 comments)
san leandro housing market: San Leandro Real Estate Update - February
- 02/09/14 03:08 PM
Home prices are predicted to rise 6% in 2014, which is about half of the increase in home values seen in 2013, indicative of 2014’s reduced pace. With that being said, San Leandro is among many Bay Area cities that is thriving so far in 2014. January saw a median sale price of $448,000 compared to $347,500 in January of 2013, that’s an increase of 29%. Not only are home prices predicted to rise but so are interest rates. Sorry home buyers, the low interest rates of 2013 will not stick for 2014. Right now is definitely a great time to buy. … (0 comments)
san leandro housing market: San Leandro Year End Real Estate Update
- 01/22/14 10:48 AM
Like many other Bay Area cities, San Leandro saw quite a decrease throughout 2013 in home sales. In December 2012 85 units sold, compared to 51 in December 2013, a decrease of 40%. With that being said, 2013 was still a solid year for the housing market considering the increase in property value. The median sell price in December 2012 was $363,000 compared to $440,000 in December 2013, that’s an increase of 21%! 2013 was favorable for a seller, that’s for certain! With the New Year in full swing, San Leandro’s housing market can anticipate continued growth with home sales and … (0 comments)
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