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Homeowners and Investors Take Note, the Tri-City Housing Market is Adjusting, Along With Other East Bay Communities.

A new analysis reflecting active housing inventory and average sales price, month over month for 2016, shows some long expected changes in the Tri-City housing market and surrounding communities. With respect to the average sales price of the area’s single family homes, the communities of Fremont, Newark and Hayward have all seen prices begin to flatten since May/June of this year. The effect has been most pronounced in the cities of Fremont and Hayward, while the City of Newark has continued to see some minor fluctuation despite it’s greater trend towards leveling out. The case is different for Union City, which has seen it’s average sales price decline steadily since May of this year. This may be due, at least in part, to it’s lack of spread between price points with the neighboring community of Fremont, who’s prices historically have remained significantly higher.

It is important to note that inventory levels continue to rise in most communities, while interest also remain low. As we are now seeing an adjustment in the market, both buyers and seller’s should ensure that they are well informed, before entering into their potential transactions.

To review the actual reports and statistical data in .pdf form, please click on the following links:

Union City AP vs Inventory YTD

Newark AP vs Inventory YTD

Fremont AP vs Inventory YTD

Hayward AP vs Inventory YTD

 About the Author: With more than 19 years of experience in public accounting and 12 years in Bay Area real estate, Christopher brings expert insight to building commercial & residential real estate portfolios, through careful investment analysis and advanced tax planning strategies. Christopher is originally from the Tri-City area and is a long-time Fremont resident. He and his family continue to reside in the Fremont area and take part in various community and business events. His intimate knowledge of East Bay communities, combined with his extensive experience in public accounting & finance, allow for unique insight into the regional housing market.