Union City Real Estate Market Conditions & Reports, Union City Market Trends, California

Market Commentary Provided by Top Agent
As mentioned before, Sellers who are on the market right now should be motivated to sell. Buyers should be educated on the differences between foreclosures, shortsales, and REO properties before they believe that they can get something for nothing. Homes in the east bay are still more expensive than many parts of the state. Buyers should also be prepared to place 20% down on a home unless they are using an FHA program where 5% is still accepted.

Report Date

Fall 2009

Search For Homes in Union City
City:
Property Type:

Minimum Price	Maximum Price

Min. Beds	Min. Baths

CONNECT WITH A LOCAL PROFESSIONAL

Top Agent
HouseHunt, Inc.
Huntington Beach, California
1-888-832-2244
available@househunt.com
Agent Home Page

Nearest Metro Area

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

60-90 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$475,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down more than 30%

Prices As % of Asking Price

90-95%

Multiple Offers?

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Union City is

Seller Activity for the past 90 days in Union City is

Is Financing Available For Qualified Buyers in Union City?

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

First-time buyers can get real good deals that include a 2 car garage in the Union City Townhomes off of Union City Blvd and Alvarado Blvd priced at $225,000. Also, There are higher end 4 bedroom homes in Union City off of Union City Blvd and Lowry, Pioneer Park around $550,000. The former used to sell for 350k and the latter near 700k.

Reason to Buy/Sell

Other

Average Sold Price

$475,000 - 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.

Click here for full article...