How was the real estate market in December 2023? The KathyWangHomes team has selected five cities from the East Bay, Tri-Valley, South Bay, and Peninsula regions, and will provide you with detailed transaction data analysis from different postal code areas in these five cities.

First, let's start with Fremont in the East Bay, which includes four postal code areas: 94539, 94538, 94536, and 94555. We will analyze them one by one for you:

In the 94539 area of Fremont, in December 2023, a total of 11 single-family homes were sold. The median sale price was $2.1 million, with an average sale price to list price of 103%. Single-family homes in this area stayed on the market for an average of 19 days. There were no townhouse transactions in this area for the month.

In the 94538 area of Fremont, in December 2023, a total of 17 single-family homes were sold. The median sale price was $1,315,000, with an average sale price to list price of 106%. Single-family homes in this area stayed on the market for an average of 17 days. Additionally, there were 3 townhouse sold in this area, with a median home price of $980,000, and an average sale price to list price of 100%. Townhouses in this area stayed on the market for an average of 24 days.

In the 94536 area of Fremont, in December 2023, a total of 23 single-family homes were sold. The median sale price was $1.45 million, with an average sale price to list price ratio of 5%. Single-family homes in this area stayed on the market for an average of 11 days. Additionally, there were 3 townhouse sold in this area, with a median home price of $680,000, and an average sale price to list price ratio of 102%. Townhouses in this area stayed on the market for an average of 12 days.

In the 94555 area of Fremont, in December 2023, a total of 5 single-family homes were sold . The median home price was $1,475,000, with an average sale price to list price of 101%. Single-family homes in this area stayed on the market for an average of 15 days. Additionally, there were 2 townhouse transactions in this area, with a median home price of $1.03 million, and an average sale price to list price ratio of 100%. Townhouses in this area stayed on the market for an average of 13 days.

  

 

Next, let's take a look at the city of Pleasanton in the Tri-Valley region, which includes two postal code areas: 94566 and 94588. We will analyze them one by one for you:

In the 94566 area of Pleasanton, in December 2023, there were a total of 17 single-family home transactions. The median home price was $1.5 million, with an average sale price to list price ratio of 103%. Single-family homes in this area stayed on the market for an average of 12 days. Additionally, there were 2 townhouse transactions in this area, with a median home price of $950,000, and an average sale price to list price ratio of 101%. Townhouses in this area stayed on the market for an average of 29 days.

In the 94588 area of Pleasanton, in December 2023, there were a total of 4 single-family home transactions. The median home price was $1.56 million, with an average sale price to list price ratio of 99%. Single-family homes in this area stayed on the market for an average of 23 days. Additionally, there was 1 townhouse transaction in this area, with a home price of $1.145 million, and sale price to list price ratio of 104%. The townhouse stayed on the market for 4 days.

 

Lastly, let's take a look at the transaction trends in the South Bay cities of Cupertino (95014), Campbell (95008), and the Peninsula city of Belmont (94002) in December 2023.

In Cupertino (95014) in December 2023, there were a total of 16 single-family home transactions. The median home price was $2.67 million, with an average sale price to list price ratio of 107%. Single-family homes in this area stayed on the market for an average of 12 days. Additionally, there were 2 townhouse transactions in this area, with a median home price of $1.24 million, and an average sale price to list price ratio of 103%. Townhouses in this area stayed on the market for an average of 8 days.

In Campbell (95008) in December 2023, there were a total of 12 single-family home transactions. The median home price was $1.77 million, with an average sale price to list price ratio of 104%. Single-family homes in this area stayed on the market for an average of 8 days. Additionally, there were 2 townhouse transactions in this area, with a median home price of $1.33 million, and an average sale price to list price ratio of 104%. Townhouses in this area stayed on the market for an average of 12 days.

In Belmont (94002) in December 2023, there were a total of 7 single-family home transactions. The median home price was $1.7 million, with an average sale price to list price ratio of 102%. Single-family homes in this area stayed on the market for an average of 55 days. Additionally, there were 2 townhouse transactions in this area, with a median home price of $1.6 million, and an average sale price to list price of 100%. Townhouses in this area stayed on the market for an average of 23 days.

The above analysis provides a detailed overview of the real estate market trends in several cities in the Silicon Valley region for December 2023, as analyzed by the KathyWangHomes team. If you would like to learn more about the real estate market in additional cities or areas in the San Francisco Bay Area, please feel free to contact us.