Fremont Ca Home prices and homes in the Bay Area have dropped because of the boom that happened in from 2000-2006. Statistics show that the home values appreciated about 26.5% form 1980 to 2000. From 2000-2006, home prices appreciated 89%. prices are now adjusting , rather the marking is moving toward stability, which mean healthier markets in the future. View Fremont Ca and Bay Area homes prices online
A normal balanced market has about 6 months of inventory. If there are 100 homes sold in a market, there should be about 500 in active inventory. If there is less than this, there will be a lack of supply which will cause large appreciation (more…)
Many buyers have the misconception that they can purchase homes hundreds of thousands below the asking price. The news media has created this misconception. Homes have dropped in value in Fremont CA including real estate in the California Bay Area, but, the drop is reflected in the asking price. Many short sale and foreclosure transactions, the asking price is so low that the actual sales price is above the asking price. Again, there are great deals to be had in the Calif Bay Area the deals are already some what reflected in the asking price. There is wiggle room but not hundreds of thousands like the news media suggests. Review the below statistics that show listing price, sold price and the difference between the two. Information was taken between 11/08 and 03-09 in Fremont CA. Price range 380,000-625,000
ASKING PRICE….. SOLD….. PRICE DIFFERENCE
382,900………….. 450,000……..+67,100
449,900 …………..453,500……….+3,600
449,900 …………..472,200……..+22,100
451,000 …………..456,000………..+5000
459,900 ……………460,000……….+1000
464,900 ……………490,000……..+25,100
469,950 ……………460,000………. -9,950
474,900 ……………455,000…….. -19,900
489,900 ……………492,500 ……….+2,600
499,888 ……………480,000…….. -19,888
499,950 ……………490,000………. -9,950
509,900 ……………517,500………. +7,600
525,000 ……………530,000………. +5,000
525,000 ……………573,000…….. +48,000
529,999 ……………505,000…….. -24,999
534,900 ……………507,000…….. -27,900
537,000 ……………530,000………. -7000
539,900 ……………524,900……….-15,000
549,000 ……………573,009……….+24,000
546,000 ……………495,000……….-54,000
549,000 ……………545,000……….. -4,000
554,900 ……………561,000………..+6,100
559,900 ……………550,000……….. -9,900
565,000 ……………560,000……….. -5,000
569,000 ……………563,000……….. -6,000
569,900 ……………570,000…………. +100
570,000 ……………571,000 ……….+1,000
589,950 ……………562,000 ………-27,950
599,800 ……………610,000……….+10,200
599,888 ……………615,000………. +15,112
625,000 ……………590,000………. -35,000
All data collected from BEAR in Bay Area Ca
It has been suggested from some that Obama’s budget proposal would include a reduction in interest rate deduction for people earning $250,000 per year.
As a Bay Area Real Estate Broker, I think this is a horrible idea especially In Fremont California and surrounding cities. (more…)
Lawrence Yun, Senior Vice President and Chief Economist, NAR gives an overview on video of the economic environment and its implications for real estate. Lawrence Yun, economist believes that the real estate market is stabilizing especially in certain areas such as homes for sale in California including the California Bay Area. An example of this would be Homes for sale in Fremont Ca have increased by about 50% which has caused active inventory to decreased thus stabilizing prices. Enjoy the video below
National Association of Realtor Market Update
View 1000’s of foreclosed properties on line at http://www.BayArea-Homes.com
Obama Unveils Homeowner Affordability and Stability Plan that will help purchasers buy homes in the US including the California Bay Area. California Bay Area including Fremont CA is one of the most expensive place to live.
President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes. (more…)
Click on the link below to view housing statistics for Fremont California. The chart will show average days on the market, median single family home price for the last 12 month, number of active listings and more in Fremont Calif. If you would like statistics for any other Bay Area real estate city including Santa Clara county and Alameda county, email me at sandi@bayarea-homes.com or visit Http://www.bayarea-homes.com
