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Alameda County Single-Family Homes It’s no surprise that Alameda County remains extremely popular for homebuyers around the Bay Area who are either not interested or not willing to compete in the seven-figure markets of San Francisco, San Mateo, and Marin counties. This continues to be the case as Alameda County’s average sales price has stayed on a steady climb year-after-year. This quarter’s average sales price of $950,720 was not only a 10 percent hike over last year’s $863,702—but was also the highest Q3 average recorded in the last 10 years—and the second highest average overall since 2008. Q3 marked the 10th consecutive quarter where Alameda County’s average surpassed $800,000. In total, 2,724 homes sold here this quarter, down 3 percent from the previous year. Sellers also enjoyed the fastest turnaround times of all Bay Area counties, with properties averaging 20 DOM before closing. That pace was 3 percent faster than Q3 2016.

ALAMEDA COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q3 2017

$950,720

20

$536

change

-3%

17%

-1%

Q2 2017

$980,507

17

$544

Q3 2017

$950,720

20

$536

change

10%

-3%

8%

Q3 2016

$863,702

21

$495

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 24 | McGuire Real Estate Quarterly Report - 3rd Quarter 2017

Profile for McGuire Real Estate

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