East Bay, California Homes For Sale Market Report November 2009

We analyzed 34 major cities in the East Bay Market.Sales November 2009 compared with November 2008 median price change in housing prices

Major cities had double-digit drop in average house prices compared to last year were Lafayette (-19.31%), Walnut Creek (-18.44%), Alameda (-13.88% ), Emeryville (-13.61%), Antioquia (- 10.07%). The good news is that all the other cities had single-digit drops and some cities actually showed increases in housing prices in recent year.Oakland (12.84%), Bay Point (14.19%), Danville ( 16.22%), Fremont (17.64%), El Sobrante (21.54%) and Discovery Bay (22.54%)

Median days on market

28 of the 34 cities actually had lower houses of median days on the market compared to last year. What is also evident in the number of multiple bids being received at home and the number of buyers had rejections received.25 cities double-digit drop in median days of the houses were on the market. Pinole (-65.14%), Pacheco (-64.91%), San Lorenzo (-64.06%), Hercules (-62.97%), Bay Point (-61.93%), Pittsburg (- 51.05%) and Hercules (-50.29%) had the median days on the market for more than half.

Homes sold

In general the houses sold last year in November 2008 were 2008 homes, compared to 1932 homes this year in November 2009.Some cities faced increases and some losses they face, but in general the decrease was not significant.

Where have the mortgage banks gone?

The fact is that bank owned homes listings / few to find. Everyone is scratching their heads to figure this one. We have the numbers in the report to show that the mortgage banks have fallen over the same period last year. However, since housing sales was quite comparable to last year, which made the difference in origin. Most likely includes fins property, short sales and regular sales of the vendors. It is difficult to determine the breakdown of the changes we one.However REO Bank homes.29 of 34 cities fell Foreclosures.27 Bank of the 29 cities had double-digit decreases. Large declines in bank owned properties was in Pleasanton (-68.18%), Danville (-66.41%), Dublin (-61.54%), Fremont (-56.93%), Pinole (-56 , 04%), Hayward (-55.75%).

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