Alameda County | Q4 2017

|January 31, 2018

Alameda County, and the East Bay as a whole, continues to be an attractive alternative to those searching outside of the higher-priced markets lacking available and affordable inventory. This heightened interest in the area over the last few years has led to a steadily rising average sales price for Alameda County and this quarter was no different. At $966,870, the average home here sold for 11 percent more than it did last year when the average was $873,681. Alameda County’s fourth quarter average sales price was also up 2 percent from Q3 2017.

Alameda County Trends | Q4 2017

A total of 2,640 homes sold in the county this quarter for an 8 percent gain year-over-year. Alameda County also tied with San Mateo County for the quickest turnaround times seen in the Bay Area, averaging just 21 DOM, and thereby moving the transactional process along at a 20 percent faster rate than last year. Sunol was the only city within the county’s top 10 to not experience year-over-year gains in its average sales price in Q4.

Alameda County Trends | Q4 2017

AVERAGE SALES PRICE BY CITY – THE TOP 10
Piedmont once again took home the highest average price point for Alameda County at $2.28 million this quarter. Hayward’s $937,502 average sales price was a 30 percent increase from Q4 2016. Both Fremont and Albany saw 17 percent increases to reach $1.205 million and $1.177 million, respectively.

Alameda County Trends | Q4 2017

SALES PRICE CHANGE
For sellers whose properties weren’t affected by a price change, they were able to accumulate an additional 9 percent on their initial asking price. Those who priced too high and were forced to reduce still recovered 94 percent of their original list price.


DOWNLOAD THE McGUIRE QUARTERLY REPORT.


FOR Q4 2017 UPDATES ON EACH COUNTY, VISIT McGUIRE.COM/QUARTERLY_REPORT.






Category East Bay, Market Reports, Quarterly Report

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McGuire Real Estate

McGuire Real Estate

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