Hayward, CA Real Estate News

By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
  This Thursday, July 22nd, from 5:30 to 8:30, the second summer street party will be held in downtown Hayward, Ca. Stop thinking about buying or selling real estate for a few hours and relax and enjoy yourself. "B" Street will be closed between Foothill and Mission Boulevards as an assortment of western themed attractions, activities, and booths take over. Treat the kids (old and young) to pony and wagon rides and meet Rowell Ranch Rodeo Queen Danielle Williams. Music will be provided by the aptly named California Cowboys and the Diehards. Classic cars and hot rods will share street space with food and craft vendors. There will be jugglers, face painters and games for the kids. The cost of admission...FREE! I plan to attend so don't call me about your Hayward real estate plans tomorrow...
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By Pacita Dimacali, Alameda/Contra Costa Counties CA
(Alain Pinel)
HAYWARD CA FORECLOSURES Hayward CA is full of surprises. Its downtown area has metamorphosed into a thriving center complete with a new theater, several restaurants and retail stores,  an influx of new construction of condos and townhouses, a thoroughly modern City Hall, and a fun farmer's market. So this is surprising to see...sales of foreclosed homes comprised 74.4% of total sales in the 1st Quarter of 2011.  However, this is not even the highest % because in Q4 2008, foreclosures were 86.4% of total sales. Number of sales are slowing down but seem to be more stable the last few quarters.   DETACHED SINGLE FAMILY HOME SALES Q1 2008-2011 The Median Sold price dipped drastically in 2008 and showed signs of recovery in 2010. But it's still a long way back especially now that the trend i...
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By Chris Alston, Silicon Valley, California
(Chris Alston (Keller Williams Realty, Silicon Valley, California))
My son and I spent the day at the Rowell Ranch Rodeo this past weekend... It is a smaller Rodeo, tucked in the mountains between major metropolitan areas...  (City of Hayward and Castro Valley, CA) So when you get there, it is stepping back in to a era that seems to be long forgotten. My son Ryan's favorite thing to wear, is the spurs on his boots...  He loves to ride, and he is only 3 1/2 years old! I hope everyone has a great day! -Chris
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By Chris Alston, Silicon Valley, California
(Chris Alston (Keller Williams Realty, Silicon Valley, California))
It seems to have become a tradition, to go to the Rowell Ranch Rodeo in Hayward... From the bronc riding, barrel racing, bare-back riding, bull riding, wild cow milking, team roping, calf roping to the fan favorite - bull riding...  This local rodeo has been going on for close to 100 years.  Opening ceremonies are always fun, to see the horses with the flags come into the center ring, and of course, stand for the National Anthem. Pretty much wherever you sit at the rodeo, is a good seat!  And if you buy tickets for the BBQ later, you are in for a fun night! You can't miss the Rowell Ranch Rodeo banner as you drive the 580 daily...  Mark it down for may of every year.  Stop by www.rowellranchrodeo.com for more information! -Chris
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
Visit the Hayward Executive Airport this weekend and get a rare chance to tour a World War II vintage B-17 Flying Fortress. The Aluminum Overcast will be at Bud Field Aviation, 22005 Skywest Drive, Hayward. The cost of ground tours is $5 for individuals, $15 for families, free for veterans and children under 8.     You can fly aboard the bomber for $439 per person. This is a special and rare opportunity to enjoy real history.
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By John Balladares
(Peoples Bank)
  Knight Kiplinger, editor-in-chief of Kiplinger's Personal Finance, reminds homeowners and home buyers that an investment in a home not only a sanctuary for you and your family, it also remains a great tax shelter. The ability to deduct property taxes is "the last great tax shelter" and you get a tax break on a large part of the profits if you decide to sell in the future, Kiplinger says. Kiplinger speculates that for some years to come, home values will not rise much more than the national level of inflation. Values will still rise but they won't skyrocket, he says. That means that, unlike in the bubble years, when you buy a house now, you can't expect to make a huge profit if you sell the house in a year or two. But speculating in real estate is not the most important thing homebuyer...
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By Jane Pacheco
(Pacheco Realty & Financial Services)
Absorption rate: 7.5 months (this means it will take 7.5 months to clear out the current housing inventory) Here is the rest of the real estate activity in Hayward for these past 7 days:         About Hayward:   The city of Hayward is conveniently located in the “Heart of the Bay” – it is about 25 miles southeast of San Francisco and 26 miles north of San Jose. It has a population of about 151,000 and is the 6th largest city in the Bay Area. The City is home to California State University East Bay, located in the Hayward Hills, overlooking San Francisco Bay. Its Downtown area has been tagged as a Wi-Fi “Hot Spot,” providing free internet access to computer users.     It is wise to assess the market condition, including home prices, before making that giant step in pursuit of the Americ...
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By Jane Pacheco
(Pacheco Realty & Financial Services)
Watch out for this bank owned condo that is soon to be on the market. Nestled on the hillside of Hayward just below CalState East Bay, this lower level condo unit is 1000 sq ft, with 2 bedrooms and 2 bathrooms.   25714 Spring Dr., Hayward, CA 94542.   Clean up is in progress...    
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By Jane Pacheco
(Pacheco Realty & Financial Services)
  Despite a typically slow month, there was an increase in the number of homes sold in Hayward compared to the previous month. Median price of sold homes remained stable at $260,000.   The majority of closed sales in December were regular sales and REOs or bank-owned properties.   On the other hand, new listings were down in December. This, together with more sold homes, resulted in an overall net decrease in the housing inventory (active and pending).   Short sales comprise about half of the current inventory.             About Hayward:   The city of Hayward is conveniently located in the “Heart of the Bay” – it is about 25 miles southeast of San Francisco and 26 miles north of San Jose. It has a population of about 151,000 and is the 6th largest city in the Bay Area. The City is home...
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By Jane Pacheco
(Pacheco Realty & Financial Services)
The city of Hayward is conveniently located in the “Heart of the Bay” – it is about 25 miles southeast of San Francisco and 26 miles north of San Jose. It has a population of about 151,000 and is the 6th largest city in the Bay Area. The City has created a Wi-Fi “Hot Spot” in the Downtown area, providing free internet access to computer users.   The current housing supply in Hayward continues to be dominated by short sales, both in terms of active and pending listings. However, they are quite slower to convert to completed sales compared to bank-owned and regular listings.   The rest of the real estate transactions data are below:                       Map of Hayward, CA     It is wise to assess the market condition, including home prices, before making that giant step in pursuit of th...
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By Jane Pacheco
(Pacheco Realty & Financial Services)
    The city of Hayward is conveniently located in the “Heart of the Bay” – it is about 25 miles southeast of San Francisco and 26 miles north of San Jose. It has a population of about 151,000 and is the 6th largest city in the Bay Area. The City has created a Wi-Fi “Hot Spot” in the Downtown area, providing free internet access to computer users.   The current housing supply in Hayward continues to be dominated by short sales, both in terms of active and pending listings. However, they are quite slower to convert to completed sales compared to bank-owned and regular listings.   The rest of the real estate transactions data are below:           Map of Hayward, CA   It is wise to assess the market condition, including home prices, before making that giant step in pursuit of the American...
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By Jane Pacheco
(Pacheco Realty & Financial Services)
There are slightly over 500 homes that are actively listed on the Hayward market. About as many are in the pending pipeline. Short sales continue to dominate the market in Hayward.     TOTAL ACTIVE: 511 Average List Price: $300,348 Ave. Days on Market: 65 New: 47 Price Change: 32     TOTAL PENDING: 508 Average List Price: $277,229 Ave. Days on Market: 43     TOTAL SOLD LAST 7 DAYS: 25 Ave. List Price: $309,658 Ave. Sold Price: $307,335 Ave. Days on Market:  40            Courtesy of Trulia  Courtesy of Trulia   It is wise to analyze home prices before making that giant step in pursuit of the American dream!    Always available for your questions!         
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By Jane Pacheco
(Pacheco Realty & Financial Services)
There were only 93 completed sales reported on MLS for the month of October 2010 in Hayward. Compared to the previous month, as well as the previous year, October sales is the lowest yet.                  October 2010   93                    Prevous month (Sept '10)     117                  Previous year (Oct '09)       181             The decline in sales is mainly due to corresponding declines in the number of completed short sales and regular sales.   REOs or bank-owned properties, while sales did not change from the previous month, continued to exhibit a slowdown compared to its dominance last year.          New listings added in the month of October are similar to September’s numbers, with a slight decline noted for regular listings.           As of 11/5/10, total listings, both ac...
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By Jane Pacheco
(Pacheco Realty & Financial Services)
The majority of current housing inventory in Hayward, CA, both in terms of active listings and pending listings, as of 10/20/10, are short sales.     New listings for the month of September show short sales and regular sales to be on nearly equal footing, while REOs listed were less.       On the other hand, there were more regular sales completed in September, compared to short sales and REOs – this was completely the opposite this time last year up through the early part of this year, when bank-owned homes made up about half of total completed sales.          
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By Karen Crowson, Your Agent for Change
(Coldwell Banker Residential Brokerage)
October 2010, Mid Market Report - Homes Sales Hayward, California, 94545, 94541, 94540 Note: previous month’s numbers are in parentheses. Hayward, CA homes for sale that sold as of October 15, 2010 • Single Family Detached homes sold – 39 (39) • Attached homes sold – 9(12) Hayward, CA homes for sale that went pending as of October 15, 2010 • Single Family Detached homes, pending -24 (20) • Attached homes, pending 13(18) Hayward, CA homes for sale as of October 15th • Total single family homes for sale in Hayward, CA: 265 • Foreclosed/bank-owned homes (REOs) for sale in Hayward, CA: 30 • Short Sale homes for sale in Hayward, CA: 90 Foreclosure and short sale listings make up 45% of the current homes for sale in Hayward, CA. Hayward experienced the multiple offer market much sooner than o...
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By Jane Pacheco
(Pacheco Realty & Financial Services)
When the news came out about banks having a shadow inventory, and how they are holding on to their REOs, it made me realize the power that rests on banks to influence the market. With the law of supply and demand strongly manifesting its effect on home prices, the banks’ ability to swing home prices is unquestionable.   It then begs the question – how much REOs are actually being released by the banks to sell on the market?  Take a look at the number of REO listings added to MLS on a monthly basis (data is taken from BayEast MLS, from the cities of Fremont, Union City, Newark and Hayward):          Based on MLS data tracked from Jun ‘09, REOs peaked in July 2009, when MLS recorded 210 REO listings in the selected East Bay cities.  A secondary peak occurred in March 2010, with 170 new R...
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By Jane Pacheco
(Pacheco Realty & Financial Services)
Fire station 23 will soon get a $6 million makeover. The Alameda County Redevelopment Agency will soon be constructing a new state-of-the-art fire station at Meekland Avenue to replace the old and now undersized Fire station 23 located on Grove Way. To get this underway, the Redevelopment Agency will be utilizing two adjacent lots which are currently occupied by two bank owned properties. Each property is half-acre in size. The Agency has already acquired the first property for $200,000 and is in the negotiation stage of acquiring the second property for the same price. The Alameda County Fire Department Station 23 covers the unincorporated area of Cherryland and the southernmost parts of San Lorenzo. It is expected that the design process for the new fire station will take about 18 mo...
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      The Fannie Mae HomePath Loan is for homes currently owned by Fannie Mae. The biggest draw to this type of financing is that there is no appraisal required since Fannie Mae already owns the property and has set the sales price. Also to the buyers advantage is the fact that many of these homes are priced under market value, so purchasing such a property gives the buyer built-in equity immediately! You can find current listings in your area at www.homepath.com Currently there are 8 active HomePath listings in Pittsburg, CA and 2 properties "coming soon."  There are 6 properties under contract. The home prices range from $140,500 to $345,500. Purchases closed before May 1, 2010 will receive a 3.5% incentive from FannieMae for closing costs. With no appraisal required Diversified Mort...
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I'M GOING TO WALK AWAY FROM MY HAYWARD HOME--HOW DOES FORECLOSURE AFFECT MY CREDIT?  In case you do not know the effects of foreclosure on your credit, here are a few: •1.   A foreclosure listed on your credit report is virtually impossible to get repaired.  It will most likely be a permanent mark on your personal credit history. •2.  The impact to your credit score will be significant.  Sometimes up to 300 points.  This will be devastating to all your future credit inquiries.  INCLUDING CAR LOANS, CREDIT CARDS AND MEDICAL. •3.  In the future, if you apply for a mortgage, you will be required to disclose a previous foreclosure.  This will cause any future mortgage rates to be significantly higher. •4.  Some companies run random credit checks on their current employees.  If they find a f...
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By Kevin Dwyer
(Sellstate Next Generation)
HAYWARD CA REAL ESTATE HOME SALES JANUARY 2010  Hayward Real Estate Sales are looking great for the month of January 2010.  There were a total of 125 homes sold in Hayward this month.  The average list price was $277,347 and the average sales price was $284,704.  Meaning that property values are on the rise again. Below is a list of all real estate that sold in Hayward this January.  Please feel free to contact me to discuss your Hayward real estate needs. www.soldbynicole.com www.homesincontracosta.com www.stopmyforeclosurebayarea.com Address List Price Sales Price Square Ft Bedrooms Baths 260  INDUSTRIAL PKWY $50,000 $55,000 686 1 1 658  RIVER OAK WAY $65,000 $84,200 531 1 1 27505  TAMPA AVE $79,000 $88,000 910 2 1 351  LAUREL AVE $99,000 $99,750 882 2 1 35  RAINTREE CT $99,900 $113,0...
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Hayward, CA Real Estate Professionals