Monthly News & Updates

April 18, 2023

Inventory might get worse before it gets better according to The California Association of REALTORS®. CAR's monthly member survey revealed that inventory could pose a challenge ahead of the spring home buying season. Unfortunately, part of it seems to be reluctance from sellers to list as the share of those holding back from selling jumped to the second highest level on record since the inception of the survey began nearly two years ago.


This wonderful family home in popular San Lorenzo has 3 bedrooms, 2 baths a converted garage, & a Rec room along with a very pretty backyard. We are doing some prep work and expect it to be coming on the market later this spring-early summer. Call or text us for further info: 510.919.1234.

Very Special Sale in Seaside

When you get a text from the son of a long time & very dear friend asking if you can help him and his girlfriend possibly buy a home around the corner from his parents' home in Seaside, what do you do? Of course, we sprung into action! 

After seeing that offers were due in 2 days, we introduced them to a lender, who quickly found out that they were qualified for the home. Ted drove down the next morning and introduced himself to the very kind listing agent during her busy open house.


We crafted the offer with favorable terms and offering price. Four days later and out of 6 offers, our client's offer was accepted. We love working with first time home buyers and this sale was even sweeter as we have known this client since he was born. 

We Sell Land Too!

A friend who lives in New York City was given this Boulder Creek parcel many years ago by her brother. She had never seen the land and asked if we could help her sell it. We made the field trip to the area where we met the neighbor who was thrilled to have a chance to buy it. The sale is expected to close in early May.

Home sales are cooling — but the competition is red hot. What gives?

(excerpts from Inman News article by Ben Verde)

Record-low inventory has resulted in intense competition among homebuyers even in markets where home sales are floundering, according to new data released Thursday by Redfin.The few homes that are listed are getting snatched up fast. And among the homes that go under contract, nearly half are doing so within two weeks.

Pending home sales remain 19 percent lower than they were a year ago, partly due to so few new homes hitting the market, with would-be homesellers sitting on the bench while mortgage rates hover above 6 percent.

“Elevated mortgage rates are perhaps an even bigger deterrent for would-be sellers than for would-be buyers,” Redfin Deputy Chief Economist Taylor Marr said in a statement. “Giving up a 3 percent mortgage rate for one in the 6 percent range is a tough pill to swallow. The lack of homes hitting the market explains why the market is moving fast even though sales are still down. The lack of new listings is also one reason why sales are down: Buyers can’t buy if sellers don’t want to sell.”

“Shiny new listings are getting multiple offers and selling fast. The caveat is that they have to be priced correctly from the beginning,” Redfin agent Stephanie Collins said in the report. “Sellers are hesitant, partly because it’s not spring 2022 anymore. I’m reminding potential sellers that buyers are out there, and some homes have bidding wars — they just need to price a bit lower than they would have a year ago.”

The March Market Update below illustrates the lack of Active Listings along with the current median Sales Price for Castro Valley. We see similar statistics in other areas of California.

How was Real Estate Market doing in Your City on April 18 2023?

This month we are highlighting Hayward, which continues to be in a Strong Seller Market. In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone.

We have also put a link below to the San Lorenzo market, which also continues to be in a Strong Seller Market, In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone.

Click here for more info

A Trip to one of our Favorite Nurseries

Ted has become quite the gardener at our house. He made a new friend at one of our favorite East Bay nurseries-

Annies Annuals and Perennials.

Check out their Website Here

Von Roll Team

Re/Max Accord

3327 Castro Valley Blvd.

Castro Valley, CA 94546


Ted Von Roll & Liz Dunbar

DRE #00370936 & DRE #01994756

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