Castro Valley real estate update January, 2014

Home buyers, who purchased Castro Valley homes, last year, gained $71,000 in home equity.

Below are the highlights of Castro Valley real estate activities for January, 2014 VS January, 2013:

The median sold price was up 16%, with $510,000 average sale price
The number of under contract properties was up 17%, 34 listings went pending for the month of January 2014
The number of sold properties was down -44%, 24 listings closed escrows.
The number of new properties was down 19%, 38 new listings came on the market for the month
The number of for sale properties was down -44%, 78 listings were on the market
The average month supply of inventory was down -40%, there was 1 months supply
The average days on market were up 77%, 28 days of market time.
The median of for sale properties was up 12%, with $599,500 average asking price
The number of expired properties was up 67%, 10 listings had expired

For a full Castro Valley real estate activity report, contact Mona Koussa today.