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.
Real-Time Market Profile
| 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 |