Our real estate market update for last month for Hayward is entry two in our Blogathon for Hunger. Let’s hope the phones start ringing soon, otherwise I’ll face the dismal prospect that my market updates have failed to capture the dazzling audience I’d hoped for.
Anyhow, on to Hayward. Hayward’s residential real estate sales in May were down somewhat from last year (surprise, surprise), but like much of the Bay area the numbers were not all that bad.
Apprecitation was excellent in Hayward from May to May compared to other areas. Though the median sale price increased only 4.6% and the average only increased 4.2%, the sold cost per square foot increased by 10.5% from May to May. The average home sold in Hayward in May through the MLS for 574,081, 1% more than the average list of $568,011. (You can see some cooling in the “spread” or “swing” — last year the average home sold for fully four per cent more than the list price).
Days on market were up from a mere 14 days last year to a “still not bad” 27 days on average this May. Similarly, the expired to sold ratio rose from 10.7% last May to 27.4% this May, but that’s still not bad by current standards. For comparison purposes, check out the may numbers for this Placer County Community.