Newark, CA Real Estate News

  January 2011 saw Newark’s housing inventory go up to a level that will take 7 months to clear, based on the rate of sales in recent months.   The slowdown in completed sales added to the rise in supply.   Short sales still comprise a big percentage of properties on the market.   Here is the rest of the real estate activity in Newark for January 2011:                 About Newark:   The city of Newark is a small community of about 44 thousand residents. It is an “enclave,” meaning it is completely surrounded by the city of Fremont. There are 13 parks in Newark, as well as a popular recreation facility called George Silliman Recreation Complex. Newark enjoys a convenient location with easy access to all parts of the San Francisco Bay Area.         It is wise to assess the market condit...
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By Jane Pacheco
(Pacheco Realty & Financial Services)
    Absorption rate: 7.7 months (this means it will take 7.7 months to clear out the current housing inventory)   Here is the rest of the real estate activity in Newark for these past 7 days:           About Newark:   The city of Newark is a small community of about 44 thousand residents. It is an “enclave,” meaning it is completely surrounded by the city of Fremont. There are 13 parks in Newark, as well as a popular recreation facility called George Silliman Recreation Complex. Newark enjoys a convenient location with easy access to all parts of the San Francisco Bay Area.        It is wise to assess the market condition, including home prices, before making that giant step in pursuit of the American dream!   Always available for your questions!      
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  There were more homes sold in Newark for the month of December compared to that of the previous month. Median prices increased as well for sold homes. The numbers are comparable to their levels a year ago.   Housing supply is healthy – less than 3 months worth of supply – as a result of increased sales and a drop in new listings. Most of the sold homes in December were regular sales. On the other hand, about half of active and pending listings are short sales.                 About Newark:   The city of Newark is a small community of about 44 thousand residents. It is an “enclave,” meaning it is completely surrounded by the city of Fremont. There are 13 parks in Newark, as well as a popular recreation facility called George Silliman Recreation Complex. Newark enjoys a convenient loca...
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By Jane Pacheco
(Pacheco Realty & Financial Services)
The city of Newark is a small community of about 44 thousand residents. There are 13 parks in Newark, which is also home to the popular recreation facility called George Silliman Recreation Complex.   Median home prices of completed sales in November were sharply than previous months. Short sales continue to dominate the Newark market, followed by regular sales.     The rest of the real estate transactions data are below:                 Map of Newark, CA     It is wise to assess the market condition, including home prices, before making that giant step in pursuit of the American dream!                
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By Jane Pacheco
(Pacheco Realty & Financial Services)
The city of Newark is a small community of about 44 thousand residents. There are 13 parks in Newark, as well as a popular recreation facility called George Silliman Recreation Complex.    There are 146 active listings and 94 pending sales in this City. The rest of the real estate transactions, as of 11/26/10, are below:   Home Use Chart courtesy of BayEast MLS   Median Age of Home Chart courtesy of BayEast MLS     Map of Newark, CA   It is wise to assess the market condition, including home prices, before making that giant step in pursuit of the American dream!        
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By Pacita Dimacali, Alameda/Contra Costa Counties CA
(Alain Pinel)
Ring, ring...."I'm calling because I was thinking of doing a deed in lieu of foreclosure....I saw your sign on my next door neighbor's house. And I know they're doing a short sale. Can we talk? The first client found me on the internet. She searched for short sale agents and communicated primarily by email. After exchanging emails, I was invited to meet with her and her husband. They told me they're interviewing realtors to help them with their short sale. The following week, they agreed to have me list their duet. A day after we activated on the MLS, we received multiple offers, and are in contract in less than a week. The second client looked out the window, saw my sign. They decided to call me. They were on the brink of just turning over the keys to the bank. Sent them a comparison o...
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By Jane Pacheco
(Pacheco Realty & Financial Services)
The small but history-rich city of Newark is located just west of Fremont, on the other side of Freeway 880. As of 9/12/10 and based on MLS data, there are 128 residential property listings in Newark, broken down as follows: 88 Single family homes 40 condo/townhomes  Single family listings are further distributed by price range, and number of bedrooms, as shown below:    More than half of SFR listings in Newark are priced between $341K - $500K. Median list price is at $417K, which is lower than Fremont's median, and therefore, more affordable.          Like Fremont, 3 bedroom homes take up the majority of Newark listings, followed by 4-bedroom homes.    Condo/townhome listings  are detailed below:   There are less condo/townhouse listings than single family listings in Newark, by a rat...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Home Listing Syndication is part of a new buzz jargon that a lot of soon-to-be home-sellers in Newark should have in their home selling marketing plan. A Syndication is defined by Dictionary.com--a group of individuals or organizations combined or making a joint effort to undertake some specific duty or carry out specific transactions or negotiations. When you list a home with us, we combine traditional marketing with newer (syndication) as well. Open Houses are great as well as postcards and flyers, but more and more buyers are starting out on the web, and that's where you need to be too. If you or someone you know is thinking about selling a home in Fremont, Newark or Union City, then one of the newer things we do is a Home Listing Syndication. Your home can be advertised on websites ...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Sounds like a pretty wet house or two for sale if you take the title literally. The truth is, some of these much sought after homes in Newark are situated in what is called, "The Lake Area," and they are built on the perimeter of the water where lush, green grass grows and where ducks, geese and even swans like to swim. What's more, the lake even has its own man-made island or rather more of an isthmus because of the bridge. See the note regarding isthmus and the map below so you can see what I mean. View Larger Map Anyway, during Newark Days last week, the Lake Area Association decided to accompany the ducks and geese add brought back "Boating Days," a long time gone but well-loved pastime of bringing the "reasonably sized boat" to the water and out for a cruise. I took the family out ...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
  This weekend may be a good time to have an open house if you had a Newark CA home for sale. Newark Days held at Newark's Community Park website draws thousands to the event in just a period of four days. Imagine the foot trafic you could get. There is a small drawback. That is, beacuae of all the tasty treats served at Newark Days (most of them sticky), you may need to have a tarp or two over the carpet in your open house. Just one Mr. Softy ice cream cone can do significant damage to the rug. The idea is to get as many interested people into your open house as possible, but tell your real estate agent doing the open house to keep an eye on these Thai chicken-toting open house goers. It will stain. Some agents provide food at their open houses, but most people politely refused the foo...
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By Pam Winterbauer, "Providing Blue Ribbon Service"
(Pam Winterbauer Real Estate)
Faced with a $4.2 million budget deficit, the Newark City Council will place a 3.9 percent utility tax on the November ballot. If approved by the voters the 3.9 percent tax will be applied to electricity, gas, telephone and cable television services. Revenue from the tax will pay for police and fire protection and other basic city services including street and park maintenance. Newark city staff claim the tax will generate approximately $2.6 million annually. Bay East has not yet taken a position supporting or opposing the tax.  Remember .... "Dream Green"  Considering Moving to the Newark or the East Bay Area?    ~   Do you want to Buy or Sell a home?       Do you have clients with needs in the East Bay?      Search East Bay Area Properties    Visit my website at http://pamwinterbauer.com
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By Sunil Sethi, Fremont, Union City Realtor - Homes for Sale in Fr
(SUNIL SETHI REAL ESTATE)
Lately every home I bid on has been getting mulitple bids and going over asking. And they're  not all REOs, in fact the last two were regular sales in Newark, CA. I bid on a duet in Newark recently and it got 7 offers, and looks to have went over asking, which was $25k over the last closed of the same unit. It's nuts to chase up a house in this environment. Also a entry level detached home in Newark got 33 offers with the high about $50k over asking. Also nuts. Again these were regular transactions. Yes interest rates are low, and prices have come down, but the lack on inventory in Fremont, Newark, and Union City is temporary is making buyers behave irrationally. Similar to how they behaved in 2003-2005. More homes will be coming on the market, especially in the low end, so be patient. ...
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By Pam Winterbauer, "Providing Blue Ribbon Service"
(Pam Winterbauer Real Estate)
The City of Newark is asking residents and business to comment on city services.  They have developed an on-line survey for community members to prioritize which services are most important to them.  The City will use this information when making budget decisions about fire protection services, police services, senior programs, emergency and disaster preparedness, repairing city streets, after-school and summer recreation programs and maintaining parks and landscaping. REALTOR® Impact: All of the city services addressed in the survey have a direct impact on neighborhood quality and could also impact property values in Newark. Next Steps: This survey is an opportunity for Newark residents and business to help direct city resources. To participate in the survey, please click here.  Consi...
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By Susan Vanderburgh
(Utopia Management)
Feel free to subscribe by sending me an email with your name and contact information.
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