Schools, schools, schools. The pressure on housing in communities with a strong school system and high performing schools is heating up again as the market also heats up. Castro Valley has enjoyed the highest 12 month increase in median prices in the area. Median prices in February 2012 were $379,000. What do you think median prices in February 2013 were?
You guessed it! The median price in February was $522,500, up nearly 38% over the 12 month period. We will provide March to March data soon, but you can certainly see the trend. And congratulations to Castro Valley schools in helping your community’s property values stay strong!
It is a tough market for buyers…who would have thought. We are seeing 10-20 offers on every property listing, almost always over asking price and often cash buyers. Hang in there buyers, there is just the house out there for you, but be patient.
Despite the lamentations about the economy, there are still people investing in our communities! Let’s make sure to support the folks who are putting their life savings into opening up a business…
Well, they did get my name wrong in the article!
Another comment I heard this week about this write-up is a reminder that Cherryland is not actually in the City limits. It’s in the “unincorporated” part, not in the City of Hayward.
Also, starter homes can be purchased for less than $300,000 in many Hayward neighborhoods.