Pending Home sales on the rise!
Posted by: admin / Category: Palomares Hills, five canyons, five canyons homes
Meena Just listed a home in Castro Valley
As per the Bay East Association of Realtors, Days on Market (DOM) for the Castro Valley area year-to-date is around 58. The median detached home price in Castro Valley for May was $455,000. As of the last day of May there were 129 active homes in Castro Valley. At current selling rates this means there is approximately 3 months of inventory in Castro Valley remaining.
As of June 17, 2010 there were 14 homes in Palomares Hills listed in a price range of $404,950 – $1,537,000. Four homes are townhouses and Duets and ten homes are Single Family Homes.
There are 3Single Family homes currently on the market in Five Canyons in the price range of $719,000 – $949,000.
98 SFR homes and 20 Condos / townhouses for sale in Castro Valley California. The price range for SFR is $214,000-$3,000,000 and for condos/ townhouse is $161,000-$649,000.
| Castro Valley Statistics | Active | Pending | Sold | Months Supply |
| May 09 | 111 | 48 | 34 | 2.6 |
| Jun 09 | 102 | 53 | 29 | 2.1 |
| Jul 09 | 108 | 49 | 45 | 2.2 |
| Aug 09 | 100 | 52 | 44 | 2.0 |
| Sep 09 | 107 | 48 | 38 | 2.1 |
| Oct 09 | 103 | 47 | 30 | 2.1 |
| Nov 09 | 78 | 51 | 26 | .16 |
| Dec 09 | 75 | 41 | 42 | 1.6 |
| Jan 10 | 77 | 35 | 23 | 1.8 |
| Feb 10 | 95 | 41 | 26 | 2.3 |
| Mar 10 | 124 | 49 | 36 | 3.0 |
| Apr 10 | 105 | 61 | 31 | 2.3 |
| May 10 | 129 | 49 | 49 | 2.6 |
Pending home sales have gone up for three consecutive months, because of the impact of the homebuyer tax credit and favorable housing conditions. First time home buyers were rushing to beat the initial deadline for the tax credit. They had to be in contract before April 30th and close by June 30th, 2010.
Pending home sales data is based on contracts and not closed sales that have a lag time of one to two months.
To see the video by the NAR chief economist, go to:
http://link.brightcove.com/services/player/bcpid89264647001?bctid=89312847001
I specialize in Five Canyons and Palomares Hills. If you are looking for a list of Castro Valley Homes for sale, or sell your home in Castro Valley for a flat fee or full service and save thousands of dollars, please call Meena Gujral at 925-425-9491 or go to my website:
http://www.helpusellachievers.com
Homes sold by Meena in Castro Valley, California
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