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Home Prices In Union City Expected To Rise This Year

Real estate website forecasts price increases for 2013 in all but one Bay Area zip code

Home prices in Union City will rise about 5 percent this year, according to a study done by an online real estate site.

The site, zillow.com, predicts home prices in 244 of the 245 zip codes in the Bay Area will rise in 2013. The only exception will be the 94515 area in Calistoga, according to a story in the San Francisco Chronicle.

The story says the biggest reason for the projected price increase is a lack of homes for sale on the market.

Even with the increase, prices are still well below the peak prices of a few years ago in most zip codes.

Here is the individual zip code data for the Union City area.

Zip Code Dec. 2012 median Dec. 2013 projection Increase % decrease from peak price 94587 $433,400 $454,041 4.8%  -34.7 percent
Steven Fong February 20, 2013 at 10:50 PM
We've already been seeing large price increases for the past year. With little to no inventory and a huge number of buyers, every property we put on the market is getting multiple bids and selling for much more than the last sale in the community. It's a total sellers' market right now.

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