Realtor Reveals CV as the Place to Be

During the week of Nov. 28 through Dec. 4, nearly $3.5 million in Multiple Listing Service (MLS) sales closed in Castro Valley. The closures consisted of eight properties in town. 

Four of the eight properties closed escrow in less than 30 days from the date the respective property moved from active to pending status on the MLS.

This could indicate good agents, well-qualified buyers or any number of factors. Nonetheless, the speed of these closures is notable and encouraging.    

Despite higher property prices than some of the surrounding areas, it looks like many still think of Castro Valley as the place to be.

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Perhaps even more impressive is the fact that 10 MLS properties, totaling more than $5.1 million during the same week, were reclassified from active to pending status. 

What this means is that these properties likely will close escrows in the near future. However, there are many variables that could affect the outcome. 

Although Castro Valley, along with the rest of the nation, sees its share of real estate owned (REO) properties and short sales, forcing some residents to relocate, buyers are quick to move in and call Castro Valley home.

Unincorporated Castro Valley has a respected school district and small-town community pride. It's no wonder the local real estate market is gaining momentum.