04/01/2008 - 06/30/2008

Privately Owned Homes (Under 2,000 sq. ft.*)

City # Sold Average List Price Average Sales Price Average Below List Price
Oakland 338
$563,391
$559,786
 $3,605
San Leandro 90
$424,709
$409,560
 $15,149
Castro Valley 65
$512,669
$496,959
 $15,710
Hayward 64
$392,923
$377,178
 $15,745

REO (Bank Owned) Homes (Under 2,000 sq. ft.)

City # Sold Average List Price Average Sales Price Average Below List Price
Oakland 168
$249,907
$242,688
 $7,219
San Leandro 78
$346,050
$344,697
 $1,353
Castro Valley 13
$443,084
$434,538
 $8,546
Hayward 151
$324,545
$314,543
 $10,002


* I used homes under 2,000 sq. ft. to reduce the impact of high-end homes on the statistics. They skew the average sales price for privately owned homes upwards. For example, without these criteria, the average sales price in Oakland was $676,309.