September residential sales in Hayward were brisk. 173 homes in September at an average price of $580,762. The median sale price was $575,000.
Compared to last year at the same time, unit volume is down slightly, since last year 183 units were sold. Average days on market increased by one day, from 19 days last year to 20 days this year, but inventory is still a comfortably low 1.8 months.
Appreciation from last year was quite good. The average home price of $580,762 represents a 20.8% increase over last September’s average of $480,882. On a cost-per-square-foot basis, the appreciation from last year is slightly higher, at 21.9%.
Broken down by type, September’s numbers for Hayward real estate were 128 single family homes sold at an average price of $631,539, fifteen condos sold at an average price of $394,454, and twenty-eight townhouses sold at an average of $461,756.