East Bay Blog

Welcome to my East Bay Real Estate Blog. It’s the middle of summer, prime moving time. The market seems to have a healthy clip going. Although nothing like the last couple of years, deals are still closing. Top notch marketing and correct pricing strategy are helping to stabilize the market. More and more I am seeing the experienced agents walking away from problem listings and saving time and resources. There are many reasons why an agent would not take a listing. If they can’t list it correctly it will become a burden because it only drains time and money for the agent and the seller. For a listing to sell, the seller must be willing to take the advice of the professional and be willing to let agents help with staging, scheduling, pricing, and reporting.

I for one am now “re-listing” property for sellers who did not want to take our advice several months ago. They listed with someone else, and the homes did not sell.

Another trend I continue to see on the increase is the “part-time” agent. Without the right expertise and resource, many agents are dropping to “part-time” status, so they can pick up another job. In my opinion we will continue to see this trend until Spring of 2008. Be on guard for these types of agents. Selling your home should be your agent’s full time job. Would you hire a part time tax preparer to be your accountant?

It has been a little over a month since I updated my readers with East Bay sales numbers comparing month over month from last year, so it’s about time I give you this info again. The following numbers compare May of 2007 with May of 2006. This shows you where we were one year ago in regards to sales of single family homes. These numbers do not include condo/townhome information. If you need that, give me a call and I’ll get it for you.

Castro Valley

Median Sales Price- May 07-$741,000 / May 06-$742,000

Units Sold- May 07-29 / May 06-33

Average Days on Market- May 07-27 / May 06- 28

Dublin

Median Sales Price- May 07- $829,000 / May 06- $796,250

Units Sold- May 07-31 / May 06-20

Average Days on Market- May 07-38 / May 06-16

Hayward

Median Sales Price- May 07-$571,250 / May 06-$588,000

Units Sold- April 07-40 / May 06-74

Average Days on Market- May 07-30 / May 06-29

Livermore

Median Sales Price- May 07-$667,500 / May 06-$660,000

Units Sold- May 07-67 / May 06-93

Average Days on Market- May 07-26 / May 06-27

Pleasanton

Median Sales Price- May 07-$830,000 / May 06-$892,500

Units Sold- May 07-65 / May 06-50

Average Days on Market- May 07-20 / May 06-20

San Leandro

Median Sales Price- May 07-$525,000 / May 06-$580,000

Units Sold- May 07- 43 / May 06- 75

Average Days on Market- May 07-33 / May 06- 21

San Lorenzo

Median Sales Price- May 07-$550,000 / May 06- $565,000

Units Sold- May 07-13 / May 06- 22

Average Days on Market- May 07-25 / May 06-22

I hope you find the above information helpful, and of course this is just a tiny sample. If you need information about townhomes/condo’s let me know. Also, this is only comparing May 2007 to May 2006. If you would like information for other months, or full year, please let me know. As always your comments are welcome, until next time…