RE/MAX Accord's Market Report

Castro Valley, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Castro Valley, CA

Wed Oct 24 2018
This week the median list price for Castro Valley, CA is $920,000 with the market action index hovering around 60. This is less than last month's market action index of 63. Inventory has held steady at or around 49. Click here to stay informed with the Castro Valley market!

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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Castro Valley, CA

Wed Oct 24 2018
This week the median list price for Castro Valley, CA is $920,000 with the market action index hovering around 60. This is less than last month's market action index of 63. Inventory has held steady at or around 49. Click here to stay informed with the Castro Valley market!

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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Castro Valley market.
Median List Price $920,000
Per Square Foot $475
Days on Market 36
Price Decreased 37%
Price Increased 2%
Relisted 24%
Inventory 49
Median House Rent $3,000
Most Expensive $4,740,000
Least Expensive $90,000
Market Action Index
Strong Seller's Market
60

The market seems to have paused around this plateau. 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
$1,185,000 2,524 0.25 - 0.5 acre 4 3 43 0 0 37
$956,444 2,118 6,500 - 8,000 sqft 4 3 60 3 2 35
$871,500 1,917 6,500 - 8,000 sqft 3 2 53 3 2 35
$699,000 1,292 4,500 - 6,500 sqft 3 2 68 0 3 38