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Castro Valley Real Estate Market Report July 2022
DEAR NEIGHBOR, Our homes are becoming increasingly multi-functional—supporting us as we work, relax, learn, and play. However, as your life expands, you often need more space, nicer amenities, or a more convenient location. You do your bes...
Castro Valley Real Estate Market Report June 2022
DEAR NEIGHBOR, Our homes are becoming increasingly multi-functional—supporting us as we work, relax, learn, and play. However, as your life expands, you often need more space, nicer amenities, or a more convenient location. You do your bes...
Castro Valley Real Estate Market Report May 2022
DEAR NEIGHBOR, Our homes are becoming increasingly multi-functional—supporting us as we work, relax, learn, and play. However, as your life expands, you often need more space, nicer amenities, or a more convenient location. You do your best ...![DEAR NEIGHBOR The spring market is remaining strong in month of March. We are still seeing high buyer demand and multiple offers when a property is marketed correctly. The Fed says they will continue to raise rates, and this should cool the market. However, our Castro Valley homes are becoming increasinglymultifunctional, supporting us as we work, relax, learn, and play. As our lives expand, though, we often need more space, nicer amenities, or a more convenient location. While this is an exciting time, there’s a lot of money on the line. For most of us, our homes are the largest asset we’ll ever own—so you are right to want to understand this asset if you’re considering selling. Here are the top things you need to know: The market remains strong in our spring market. Last month, we saw March numbers go up in critical areas showing us the market has maintained stability and strength. Last month, Castro Valley averaged just 0.7 months of available homes. This means that without new listings, all available homes would sell in 20 days! This would enable homes to still sell fast and with multiple offers when marketed correctly. The median sale price jumped in value to $1,432,500 in March and homeowners may be ready to maximize their equity. However, even in a market like ours, it takes careful preparation and a proven strategy to capitalize on current trends. We continue to see homes sell with multiple offers. Correctly priced, well-marketed homes are selling at or above list price, in few days on market. Correctly priced, well-marketed homes are selling at or above list price, in just days on market. In fact, homes typically sold in just 8 days in March. The speed is a result of a consistently strong demand for homes in our area. Competition among buyers is also having positive effects on the sale-to-list price ratio, which continues to be strong and increased this month to 121% in March. These stats really add up when you are selling your largest financial asset. Based on these numbers, we can see that well prepared homeowners are routinely still getting tens of thousands over the asking price! Buyers are searching now; competition has eased some however still remains strong. In working with buyers in the market place many are disappointed as when you have multiple other buyers wanting one property there are disappointed buyers as you would imagine. Demand in the market continues to be strong and this is actually a great time to list your home. Currently low interest rates are still bringing buyers into the market, and current inventory is still low. I will keep an eye on rates as inflation tends to push them up which would affect the market.But what does this all mean for you? If you’re thinking about selling in the next 12 months, now is the time to start preparing for market. Moving can be a complex process, so it’s essential to have professional support that goes beyond sticking a sign in the yard. Our cutting-edge tools and strategies are designed to make your home a showstopper both online and in person. In combination with a multifaceted marketing package, we’ll connect you with the resources you need to get your home in market-ready condition. With over 30 years of experience buying and selling real estate, I know what it takes to help you make a graceful transition to your dream home. You deserve the highest possible price in the fewest days on the market–and our tried-and-true process is designed to do just that. We’ve helped sell over 1000 homes in the Castro Valley area real estate–and we can do the same for you. If you’re wondering what it would take to maximize the equity in your home, call today for your Strategic Marketing Consultation Call Tim today → [ai_phone href="+1.510.708.8700"]510.708.8700[/ai_phone] MARKET STATISTICS LOOKING AHEAD HOME VALUES ARE ON THE RISE AGAIN Demand for Castro Valley homes remains strong. With our excellent school system, downtown improvements, parks, trails, the BART transit system, and our strong sense of community, buyers continue hunting for homes in our area. As a homeowner, strategic marketing and positioning are the best ways to maximize your equity when it’s time for a change. INVENTORY REMAINS LOW There are only so many properties available in Castro Valley in the first place and, while there are more homes listed than one year ago, inventory is still extremely limited. A low number of homes on the market combined with a strong pool of buyers means healthy competition. Homes that are priced correctly and marketed strategically often sell quickly, with multiple offers. WHAT TO EXPECT WHEN SELLING YOUR HOME With your hard-earned equity on the line, you deserve expert guidance and first-rate service from the very beginning. With the help of a professional with years of industry experience and a world-class marketing package, you can rest assured that you and your home are well-represented at every turn. Let’s discuss your goals, your schedule, and your home. Together, we’ll create a stress-free plan for getting you the results you deserve. Call Tim today → [ai_phone href="+1.510.708.8700"]510.708.8700[/ai_phone] eXp Realty of California, Inc. CalDRE #00657474 Based on information from the Bay East MLS as of 4/5/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. If your home is currently listed for sale, please disregard our pro-active and aggressive marketing. It is not our intention to solicit the business of our colleagues.](https://timfiebig.com/wp-content/uploads/2022/04/April-Blog-Post-1-222x300.jpg)
Castro Valley Real Estate Market Report April 2022
DEAR NEIGHBOR The spring market is remaining strong in month of March. We are still seeing high buyer demand and multiple offers when a property is marketed correctly. The Fed says they will continue to raise rates, and this should cool the ...
Castro Valley Real Estate Market Report March/April 2022
DEAR NEIGHBOR, The market is remaining strong in February, it is a strong spring market. We are still seeing high buyer demand and multiple offers when a property is marketed correctly. Our Castro Valley homes are becoming increasingly multi...
Castro Valley Real Estate Market Report February/March 2022
DEAR NEIGHBOR, The market is remaining strong in January, it feels like a spring market. We are still seeing high buyer demand and multiple offers when a property is marketed correctly. Our Castro Valley homes are becoming increasingly multi...
Castro Valley Real Estate Market Report January/February 2022
DEAR NEIGHBOR, I want to wish you a happy New Year. The market is strong even at the beginning of January. It is so strong in fact that I had approx. 100 people come through my open house on Sunday; it was busy to say the least. While thi...
Castro Valley Real Estate Market Report December 2021/January 2022
DEAR NEIGHBOR, I hope you and your family have enjoyed a happy Holiday Season. Our Castro Valley homes are becoming increasingly multifunctional, supporting us as we work, relax, learn, and play. As our lives expand, though, we often need mo...