Fremont No. 1 City in America for Home Sellers

November 25, 2013 at 8:00 AM

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Jeff Schwob

Community Development Director

Fremont residents looking to sell their homes can breathe a collective sigh of relief.

The Movoto Real Estate Blog searched the nation to determine which cities in America are best for home sellers, and Fremont topped the list, reaffirming that Fremont is indeed investment-worthy.

They looked at the country’s 100 largest cities in terms of population and considered a variety of criteria in order to come up with the final ranking, including total homes for sale per capita, median days on the market, crime rate, school quality and unemployment rate. When it came down to it, Fremont excelled in every area, which is why it came in as the best city in the nation for home sellers.

Fremont is ideal for sellers all around. Homes sell quickly, there's plenty of competition among buyers, schools are excellent, crime is low and home prices are very high.

With a population of 220,000, Fremont is home to the highest-earning home buyers on the top 10 list - they made a median household income of $98,513 per year. At the same time, sellers can anticipate a median listing price of $640,000, which is the third highest of all the cities surveyed behind San Francisco and Irvine. 

Fremont is tied with Oakland, Calf. when it comes to fewest median days on the market at 25 days. We also have the second-highest ratio of homes for sale to residents after San Francisco at one for every 689 residents.

It’s also interesting to note that Fremont wasn’t the only city in California to make the top 10. In fact, five of the very best cities for home sellers are in the state. The full top 10 includes:

1. Fremont, CA
2. San Francisco, CA
3. San Jose, CA
4. Honolulu, HI
5. San Diego, CA
6. Plano, TX
7. Chula Vista, CA
8. Seattle, WA
9. Chandler, AZ
10. Gilbert, AZ

1_Fremont_CA_home_sell.jpg

Lake Elizabeth at Central Park

 



Category: Fremont

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Fremont, CA part of Silicon Valley with exceptionally great schools. Fremont is a city of diverse cultures and religions. The city is surrounded by hills and the SF Bay. Fremont is a wonderful place to live and raise a family.
A good write up that supports what many may overlook. Fremont has the right stuff--Medical, high tech industry, good schools, low crime, parks, BART and close proximity to Stanford, San Francisco Bay, Port of Oakland, Oakland Airport and more.

As a Fremont real estate agent, I make it my business. Here is the info for this year to date. It coincides a lot with what you mentioned from MOVOTO.

For Property Sales:
November property sales were 136, down from 164 in November of 2012 and -32.3% lower than the 201 sales last month. November 2013 sales were at their lowest level compared to November of 2012 and 2011. November YTD sales of 1,840 are running -11.9% behind last year's year-to-date sales of 2,088.

But, Compare it to Prices:
The median sales price in November was $620,000, up 11.7% from $555,000 in November of 2012 and down -4.6% from $650,000 last month. The average sales price in November was $695,025, up 16.1% from $598,777 in November of 2012 and up 1.5% from $684,476 last month. November 2013 ASP was at highest level compared to November of 2012 and 2011.

And, Market Time
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for November was 26, up from 23 days last month and down from 34 days in November of last year. The November 2013 DOM was at its lowest level compared with November of 2012 and 2011.

All in all--we are hard to beat.

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