June 16, 2021 at 10:32am | Mac Rogers
This is the eastbay real estate market report for June 2021.

Here's an overview of what is going on in Contra Costa and Alameda counties. For May 2021, in Contra Costa County, sales are up113%. From 685 to 1461 properties. This is for all types of properties. New listings up 12%. From 1452 to 1629. The average days on the market down 42%. From 24 days to 14 days. This means that properties are selling at a faster clip. Median sales price up 35% and median list price is up 25%. This means that properties are not only listing 25% higher from last year but also they are still selling 35% higher in the end.

It's the same pattern for Alameda county. Number of sales up 164% for all types of properties. From only 584 back in May of 2020 to 1543 this past May. The number of new listing are up as well. From 1,396 in May of 2020 to 1793 this past May. That's a 23% increase. Average days on the market, down 40%. From 25 days to 15 days. In cities like Castro Valley, Dublin, Livermore, there are certain neighborhoods that this is down to less than 7 days. That is crazy fast! Median sales price up almost 29%. Median list price up 12%. Same thing with Contra Costa county. Properties are getting listed higher compared to May of 2020 and they are still getting sold much higher.

So the question inevitably comes to where do we go from here? Right now, these numbers or activity that is going on is very much sustainable and dare I say we could still be headed higher. I call this the gentrification of the whole bay area. Pretty soon the Delta will be in the millions as well.

If you are thinking of selling your east bay home, we can and we would love to help you out. Check out some of our listings in the description below.

Mac Rogers
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Mac Rogers is not a tax accountant or an attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.

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