Your Weekly Market Update - April 24, 2024

Good afternoon, and welcome longer days and beautiful sunsets!

Here is your latest weekly update again! Please let me know if you have any questions and as always, please feel free to share this update with anyone you know who might find it useful, too! Thank you.

INTEREST RATES - rates hold from last week

Conventional: 6.99 – 7.375% (depending on loan amount)

Jumbo: 7 – 7.25% (depending on loan amount)

FHA: 6.25%

VA: 6.25%

Conventional Investment: 7.49%

As a reminder, the new CalHFA loan program application deadline is coming up on April 29th. There is still time to get preapproved and apply! If you would like more information on this program, please let me know!

REAL ESTATE MARKET SNAPSHOT

Alameda County as of 4/25/2024

- # of New Properties on Market Last 7 Days: 485 (up from last week)

- # of Properties Under Contract Last 7 Days: 239 (down from last week)

- # of currently Available Properties: 1,651 (up from last week)

- Average Listing Price

Single Family: $1.4mil (same as last week)

Condos/Townhomes: $706k (down from last week)

Multi-unit up to 4 units: $1.14mil (down from last week)

- Average Sold Price (last 30 days)

Single Family: $1.6mil (same as last week)

Condos/Townhomes: $821k (same as last week)

Multi-unit up to 4 units: $1.1mil (same as last week)

- Average days on market: 19 (slower than last week)

- Homes Sold in the last 7 Days: 175 (down from last week)

- Homes Sold in the last 30 Days: 921 (up from last week)

Contra Costa County as of 4/25/2024

- # of New Properties on Market Last 7 Days: 396 (down from last week)

- # of Properties Under Contract Last 7 Days: 241 (same as last week)

- # of currently Available Properties: 1,444 (up from last week)

- Average Listing Price

Single Family: $1.6mil (up from last week)

Condos/Townhomes: $642k (down from last week)

Multi-unit up to 4 units: $1.1mil (same as last week)

- Average Sold Price (last 30 days)

Single Family: $1.3mil (up from last week)

Condos/Townhomes: $720k (up from last week)

Multi-unit up to 4 units: $985k (same as last week)

- Average days on market: 19 (quicker than last week)

- Homes Sold in the last 7 Days: 195 (up from last week)

- Homes Sold in the last 30 Days: 889 (up from last week)

Marin County as of 4/25/2024

- # of New Properties on Market Last 7 Days: 98 (up from last week)

- # of Properties Under Contract Last 7 Days: 68 (up from last week)

- # of currently Available Properties: 430 (up from last week)

- Average Listing Price

Single Family: $3.7mil (up from last week)

Condos/Townhomes: $742k (down from last week)

Multi-unit up to 4 units: $3.3mil (up from last week)

- Average Sold Price (last 30 days)

Single Family: $2.4mil (same as last week)

Condos/Townhomes: $876k (up from last week)

Multi-unit up to 4 units: $1.6mil (up from last week)

- Average days on market: 23 (quicker than last week)

- Homes Sold in the last 7 Days: 55 (up from last week)

- Homes Sold in the last 30 Days: 249 (up from last week)

As always, if you are interested in information about a specific City, please reach out – I’m here to help! Feel free to contact me with any other questions you may have as well.