Schools, schools, schools. The pressure on housing in communities with a strong school system and high performing schools is heating up again as the market also heats up. Castro Valley has enjoyed the highest 12 month increase in median prices in the area. Median prices in February 2012 were $379,000. What do you think median prices in February 2013 were?
You guessed it! The median price in February was $522,500, up nearly 38% over the 12 month period. We will provide March to March data soon, but you can certainly see the trend. And congratulations to Castro Valley schools in helping your community’s property values stay strong!