Chic style meets modern living inside this single-family home close to all the essentials! Classic hardwood floors, recessed lighting, plenty of large windows for a bright and airy feel, and an on-trend neutral color palette features throughout the home. Designed with open living in mind, the layout feels modern and generous in size. The master bedroom is the perfect place to retreat after a long day and is complete with ample closet space and a stunning ensuite with a large shower paired with a gorgeous vanity. Outside, a private fenced backyard is an ideal spot to host guests while taking in cool breezes and soaking up the summer sunshine. This home is perfectly positioned close to transportation, shopping and restaurants. |
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The Simone Koga Group is equipped to handle your array of real estate needs. If you are also ever looking to buy or sell any commercial space, land or investment properties, don't hesitate to reach out. Hoping you all are safe & healthy,
Simone & TiYanna
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Alameda County Real Estate Market Begins to Bounce Back - Slowly
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Market activity begins to tick up after severe shelter-in-place plunge. Median home sales prices are up. Interest rates hit new low. |
Shelter-in-place caused steep drops in activity across the board in what is typically the busiest selling season of the year. However, though still far below normal levels, activity has been slowly picking up since bottoming out in late March/early April, and will presumably continue to do so with the easing of both shelter-in-place and property-showing rules. So far, Alameda County median home prices are considerably up year-over-year, but a fair proportion of the sales behind April median sales prices still reflects offers accepted prior to shelter in place. Interest rates hit a new historic low in the last week of April. |
Week by Week Supply & Demand Trends |
The only way to clearly perceive the recent changes in the market - sudden plunge and the beginning of recovery - is by looking at WEEKLY trends in buyer and seller activity. These are illustrated in this first chart below.
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Year-over-Year Changes in Median Home Sales Prices |
Generally speaking, the first months of 2020 have been characterized by year-over-year increases - often of significant magnitude - in median home sales prices across the Bay Area.
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Long-Term Trends in Median Home Prices
- 12-Month Rolling Illustration |
Monthly Supply & Demand, Year-over-Year Comparisons
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The next series of charts reflects the dramatic changes in seller and buyer dynamics by MONTH as compared to spring 2019. These don't illustrate the uptick in activity in the most recent weeks.
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Remember that closed sales are a slightly lagging indicator of market activity.
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Year-over-Year Changes in Luxury Home Markets
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We are not going to review the economic news already extensively covered in the media, except for this stark illustration of the unparalleled rise in unemployment. How quickly this horrifying trend can be reversed will probably be the single largest factor behind an economic recovery (after the discovery of a vaccine).
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© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under
multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075,
1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented
herein is intended for informational purposes only and is compiled from sources deemed reliable
but has not been verified. Changes in price, condition, sale or withdrawal may be made without
notice. No statement is made as to accuracy of any description. All measurements and square
footage are approximate. Equal Housing Opportunity.
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