Fremont Real Estate Market Conditions & Reports, Fremont Market Trends, California

Market Commentary Provided by Brenda Avilla-Kintz REALTOR® GRI
The rising numbers of REO’s and foreclosures are misleading many buyers to think that they can scoop up properties very easily. This is not really the case. Lenders have become very strict due to the economic downturn and in the case of many distressed sales, the original lender who is carrying the first loan on the distressed home for sale will not even look at an offer by Joe’s Mortgage and Loan based in San Leandro. They want to see an approval letter generated by Bank of America, Wells Fargo, Countrywide or other major lenders. So, It’s not all cream and peaches. You have to be a serious buyer with a serious 20% down payment, then you can scoop up the deals.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Brenda Avilla-Kintz REALTOR® GRI
Altera Real Estate
Huntington Beach, California
408-828-2020
Brenda@CaRealEstateOnline.com
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Nearest Metro Area

San Jose

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

More than 120 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$525,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 15-20%

Prices As % of Asking Price

85-90%

Multiple Offers?

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Fremont is

Seller Activity for the past 90 days in Fremont is

Is Financing Available For Qualified Buyers in Fremont?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Mission San Jose Area of Fremont, Mission Hills, Parkmont Homes, Ardenwood and Glenmoor Areas.

Reason to Buy/Sell

Rates are at an all-time low, and many sellers are in distressed sales conditions (not all) and need to unload the financial burden their homes have now become.

Average Sold Price

$525,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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