Newark Real Estate

[su_tabs][su_tab title=”About Newark”]

About Newark

U.S. Census Facts for Newark

Total Population: 42,573
13,781 housing units – 68.8% owner occupied
Median household income: $85,847
Bachelors degree or higher: 27.8%
Median age: 37.3

In 1878 The Pacific Land Investment Company purchased land belonging to the Washington Township of Alameda County and subdivided to create the town of Newark. There were fewer than 100 residents. Newark was incorporated in 1955.

Wedgewood manufactured stoves in Newark from 1910’s to the 1940s. Peterbilt manufactured trucks from the early 1960s until the mid 1980s. In 1956 Trailmobile moved its manufacturing from Berkeley to Newark, but in 1975 moved to Charleston Illinois. The Newark Sun Microsystems site was purchased by BioMed Realty Trust and is now known as the Pacific Research Center.

Major employers in the city are: 1) Newark Unified School District, 2) Logitech, 3) WorldPac, 4) Full Bloom Baking Company, 5) Risk Management Solutions, 6) Smart Modular Technologies, 7) Morpho Detection, 8) Cargill Salt, 9) City of Newark, 10) Valassis (formerly ADVO)

[/su_tab]

[su_tab title=”Newark Trends”]

Newark Real Estate Trends

Graph of Newark house prices per sq. ft. from 1998 to the present

Home prices in Newark peaked in 2007 at about $700,000. Like many similarly priced areas home prices just started surpassing that peak in 2015.

Graph of Newark home sales price vs. list price from 1998 to the present

Newark shows an exaggerated version of the tendency for demand to surpass supply early in the year then leveling off. For 2013, 2014, and 2015 most homes sold well over list price in the first quarter and then moved closer to list price for the rest of the year.

Extensive data about Newark real estate trends and home values can be found at https://julianalee.com/newark/newark-statistics.htm

[/su_tab]
[su_tab title=”Newark Schools”]