Hayward Real Estate Market, July 2006

July’s residential sales in Hayward, California has slowed significantly compared to a year ago, according to my most recent look at BayEast MLS statistics.  Ninety-eight units sold in July, down 43% from the 172 units sold last July.  At the same time, the number of listings that expired rose from 12 to 43, bringing the expired to sold ratio up from a meager 7% in July of 2005 to 44% in July of 2006.  Inventory is fairly high at 6.4 months.

The average home sold in Hayward in July for $577,778, a tad more than the average list of $576,247.  The median sale price was $572,000.

In terms of appreciation, this year’s numbers are still up slightly over last year’s. Price per square foot rose 1.9% over the period, while the average price increased 5% and the median increased 4%.

Hayward Market Update - May 2006

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.

Hayward Real Estate Market Update

Residential real estate sales in Hayward in March showed some slowing from last year’s performance, but the numbers remain fairly encouraging. Average days on market increased from last March’s figure of 13 to 24 days this March — still not a very long time. Unit volume was down, from 154 units last march to 111 this March, a 28% decrease. The expired to sold ratio is still well under 25% at 17%, but admittedly this is an increase over last March’s 4%.

The median sale price in March was $563,000. The average home listed for $560,494, and sold for .3% above list price, for an average sale price of $562,411. Appreciation from last year was strong at 11.3% (on a cost per square foot basis).

Inventory currently is just over three months.

Real Estate Sales in Hayward Resist Market Pressures

Compared to other real estate markets, the “slowdown” in sales for Hayward, California is relatively mild, based on January’s numbers. Unit volume is down only 16% (from 106 units to 89 units) compared to 25% and more in other areas. Inventory is currently at 3.4 months, and the expired to sold ratio is up to only 28%.

Not only has Hayward avoided some of the more serious downturn of other areas, but appreciation remains fairly strong. The median sale price for residential homes increased 21.8% from January 2005 to January 2006, while the sold cost per square foot rose a respectable 16.9%.

The average home sold in January in Hayward for $594,299, 100.2% of the average list of $593,058. The median sale price was $579,000. The average days on market for sold homes was 30 days.

Hayward Real Estate Market Update

Hayward’s residential real estate market in December of 2005 showed some signs of cooling from a year ago, but remained fairly strong nevertheless. The average home in Hayward listed for $564,552 in December, and sold for $566,929, or 100.4% of list. The median sale price was $549,000.

On a sold price per square foot basis, homes appreciated 16.8% from December, 2004 to December, 2005.

Unit volume was down slightly from last year from 161 to 144. Roughly the same number were listed each hyear (171 versus 174) , but the expired to sold ratio was up this year from 6% in December 2004 to 21% in December of 2005. Days on market were also up slightly, from an average of eighteen days last December to an average of twenty-five this December.

Hayward Real Estate Market Update

October’s residential real estate sales in Hayward were brisk, with enough sales to keep inventory to a low 2.2 months. 137 units were sold in Hayward in October, down from last October’s unit volume of 180 homes. The average home sold in Hayward listed for $579,354, and sold for a seller-friendly 101.3% of list, for an average sale price of $586,791. The median sale price in October was $570,000.

Price appreciation looks fairly huge at 27% over the October to October time frame, but when adjusted for square footage the number for appreciation is a still-respectable 18.9%. Days on market are up slightly, from 18 days on average last year to 23 days on market this year.

Hayward Real Estate Market

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.