Market Analysis(Feb-Mar 2008) of Tri-City (Fremont, Newark & Union City) Homes

As of 3/6/08, there are 738 single family homes available for sale in different parts of Tri-City area. For the last one month (2/6/08 -3/6/08), homes are moving slowly but better than last month. This month, total pending and sold are 147 as compared to last month, the total of pending and sold were 103, which shows some improvement in this market. But compared to last year, the numbers are low for this year. Last year total pending and sold were 177.

Now, take a look at the prices as compared to last year; the average sold price was $633,340 for the month of February-March and this year it was is $798,958. The price is based on all the price ranges of single family homes.

But the average days on market is higher as compared to last year. This year for the month of February-March is 54 days and last year it was only 30 days.

Year Month Pending/Sold Days On Market(Avg) Sold Price (Avg)
2008 Feb-Mar 147 54 $633,340
2007 Feb-Mar 177 30 $798,958

Let me know if you need more information on any particular area (Fremont, Newark, Union City and other close by areas) or free market analysis of your home, I would be happy to assist you. You can reach me direclty at 510-366-9405.

To View my website: www.BlaisonSamuel.com