Fremont real estate in November of 2005 was strong overall, but shows more signs of slowing from last year than neighbors to the northwest like Oakland, Alameda, and Berkeley. A total of 157 residential units were sold through the MLS in November, a considerable slowing in unit volume from last November’s 245 units. Inventory remained fairly low however at 2.1 months. Morevover, days on market are still only 21 days — though admittedly that’s a rise from last year’s figure of 17 days on average.
The average home sold in Fremont in November was approximately 1553 square feet and sold for $676,980, or 99.5% of the average list price of $680,224. The median sale price was $640,000.
Appreciation in Fremont was comparable to other areas we’ve considered. Sold price per square foot has risen 13.1% since November of last year, from $388 last year to $436 this year.