RE/MAX Accord's Market Report

Castro Valley, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Castro Valley, CA

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Castro Valley, CA

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Castro Valley market.
Median List Price $926,900
Per Square Foot $509
Days on Market 35
Price Decreased 28%
Price Increased 5%
Relisted 13%
Inventory 60
Median House Rent $3,650
Most Expensive $3,400,000
Least Expensive $120,000
Market Action Index
Strong Seller's Market
66

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,528,565 3,244 0.25 - 0.5 acre 4 3 22 6 1 55
$1,198,000 2,504 8,000 - 10,000 sqft 4 3 47 3 1 44
$849,000 1,676 6,500 - 8,000 sqft 4 3 64 6 2 13
$649,000 1,020 4,500 - 6,500 sqft 2 2 69 4 4 29