Posted by: Meena Gujral | December 7, 2010

Homes Sold in Fremont

As of today, December 7, 2010 there are thirty single family homes and six townhomes for sale in the Mission San Jose Fremont area The price range is from $417,900- 2,250,000 and the built square footage is 968-5300.

Days on Market (DOM) for the Fremont area year-to-date is around 45. The median detached home price in Fremont for October was $600,000. As of the last day of October there were 385 active homes in  Fremont. At current selling rates this means there is approximately 3 months of inventory in Fremont remaining.

Fremont Statistics Active Pending Sold Months Supply
 9- Aug 224 153 101 1.5
9-Sep 210 143 124 1.4
9-Oct 206 111 123 1.5
9-Nov 199 119 92 1.5
9-Dec 186 78 102 1.6
10-Jan 200 119 63 1.9
10-Feb 230 124 76 2.1
10-Mar 309 155 117 2.6
10-Apr 325 169 98 2.3
10-May 348 141 134 2.4
10-Jun 380 125 140 2.6
10-Jul 412 135 113 2.9
10-Aug 438 125 96 3.3
10-Sep 389 125 80 3.1
10-Oct 385 133 99 3

 

Improvement in housing affordability led to first time home buyers taking advantage of the market thereby increasing their share for the second year from 38 percent in 2009 to 46 percent in 2010.

The federal tax credit was not the only reason for the for the first time home buyers decision. For those that did, it may have been because they did not have enough for a down payment.

The sales of REO and short sale properties increased since they are priced less than the regular market. REO bank owned properties increased from 38 percent in 2009 to 41 percent in 2010 and short sale purchases increased from 13 to 16 percent.

If you are looking for Fremont California Real Estate, or a list of Mission San Jose Fremont Homes for sale, or to sell a home in Fremont please call Meena Gujral at 925-425-9491 or go to my website at:
Fremont Homes

Homes sold By Meena in Fremont

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