EAST BAY MARKET REPORT JULY 2023 K H R I S T A J A R V I S T E A M
ALAMO MARKET ANALYSIS
SINGLE FAMILY HOMES YEAR OVER YEAR
NEW LISTINGS NUMBER OF SALES
BLACKHAWK MARKET ANALYSIS
SINGLE FAMILY HOMES YEAR OVER YEAR
NEW LISTINGS NUMBER OF SALES
DAYS ON MARKET PENDING SALES
DAYS ON MARKET PENDING SALES SOLD
APPROXIMATE MARKET VALUE
$9,500,000 SOLD AVERAGES
-33% 41.7% 61.5% -16.7% July2022 July2023 MedianSalesPrice AverageSalesPrice $3,000,000 $2,000,000 $1,000,000 $0
21.4% 25% -40% 66.7%
July2022 July2023 MedianSalesPrice AverageSalesPrice $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0
AVERAGES
DANVILLE MARKET ANALYSIS DIABLO MARKET ANALYSIS
SINGLE
SINGLE
*aggregated data from May/June/July due to low market movement
SOLD
SOLD AVERAGES NEW LISTINGS NUMBER OF SALES DAYS ON MARKET PENDING SALES -40% -2.7% -25% 19.2% July2022 July2023 MedianSalesPrice AverageSalesPrice $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0
FAMILY HOMES YEAR OVER YEAR
FAMILY HOMES
LISTINGS NUMBER OF SALES -58.35% -50% 461% 0%
ON MARKET PENDING SALES
YEAR OVER YEAR* NEW
DAYS
AVERAGES May/June/July2022 May/June/July2023 MedianSalesPrice AverageSalesPrice $3,000,000 $2,000,000 $1,000,000 $0
SAN RAMON MARKET ANALYSIS
SINGLE FAMILY HOMES YEAR OVER YEAR
NEW LISTINGS DAYS ON MARKET PENDING SALES NUMBER OF SALES -43.9% -5.9% -31.6% -15.9% July2022 July2023 MedianSalesPrice AverageSalesPrice $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0
SOLD
AVERAGES
LOCAL MARKET
MARKET TRENDS
THE TRIFECTA: LOCATION, HOME CONDITION, AND AMENITIES
Did the real estate golden rule, "location location, location," get disrupted after COVID-19 made it possible for more people to live and work from anywhere? According to Luxury Property Specialist, the answer is...no, but it's complicated.
More than half said that property location is still the most important factor driving their clients' decision-making process for both primary and secondary homes. However, one in four said home condition and amenities are the most important.
This trend appeared again when asked what types of luxury properties are highest in demand. Half of the respondents said properties based on location were the most desirable, followed by nearly a quarter that claimed move-in ready homes were most sought-after.
Buyers waiting for significant price declines
Lack of new inventory Properties not meeting search criteria (price, size, location, condition, etc.)
Sellers won't negotiate
Outdated expectations based on 2020-2021 market conditions
Seller fears of not being able to find a replacement home if they sell
Sellers don't need to sell
Seller hesitancy for financial reasons
LOCAL MARKET TRENDS
CONTRA COSTA COUNTY
Contact us today if you're considering a second home in the Tahoe/Incline Village area!
Source: Coldwell Banker
QUESTIONS TO CONSIDER
1. Is your current home your dream home?
2. Have you considered any renovations?
3. Do you have any concerns about the current state of the market?
4 Are you interested in investment opportunities?
5. Have you considered upgrading or downsizing?
Wherever you currently stand, always remember that we ' re here for you as a local resource and want to help you through this significant life event Contact us today to receive a free home valuation.
Cheers,
The Khrista Jarvis Team
DRE# 01213582
(925) 309-0111 | www khristajarvisteam com
TOP REAL ESTATE TRENDS