Professional Documents
Culture Documents
FREMONT, CA
Current Real Estate Market Conditions for Single Family Homes Trends in Pricing Current Levels of Supply and Demand Value Metrics
Presented by Intero Real Estate Services-Fremont Intero Real Estate Services www.Facebook.com/InteroEastBay 510.651.6500
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2013 Altos Research LLC
City Overview
Intero Real Estate Services | EastBay
FREMONT, CA
This Week
The median list price in FREMONT, CA this week is $678,000. The 133 properties have been on the market for an average of 51 days.
Median List Price Average List Price
Trend
== ==
Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms
Trend Key:
No change
== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend
0.25 - 0.50 acre 4,501 6,500 sqft 4,501 6,500 sqft 4,501 6,500 sqft
27 36 51 51
33 33 33 34
6 7 2 7
9 11 8 4
72 41 52 39
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties
Page 2 of 6
City Overview
FREMONT, CA
Median Price
The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
7-day Average
90-day Average
Quartile Prices
The market is showing mild price weakness lately. Quartiles 1 and 2 are basically flat. Notice however, that Quartile 4 at the low-end of the market is still on an up-trend. Often this condition happens in markets where demand has fallen but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 3 of 6
City Overview
FREMONT, CA
7-day Average
90-day Average
7-day Average
90-day Average
Page 4 of 6
City Overview
FREMONT, CA
90-day Average
Buyers/Sellers Cutoff
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 5 of 6
City Overview
FREMONT, CA
Days on Market
The properties have been on the market for an average of 51 days. Half of the listings have come newly on the market in the past 35 or so days.
7-day Average
90-day Average
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 6 of 6