Victoria Village/Cambridge Way Neighborhood in Union City

There are currently two listings available in the Cambridge Way neighborhood. The older listing is at 4391 Cambridge Way. The listing agent is MICHAEL NUBLA from Pacific Coast Realtors. The home has been on the market since December 1, 2006. It was originally listed for $848,000 but reduced to $828,000 on 2/23/07. However given the last comp closed at $810,00, and prices in this neighborhood have been flat for the last year, I see it selling close to the comp, around $805K-$815K.

The other home located at 30751 Oxford Way listed by Onnie Picart of Picart Realty is similar in size to the above home, and was listed on 2/17/07 for $845,800, and reduced on 3/1/07 to $835,800. This home is directly facing the mixed-use development sandwiched between Oxford Way and Union city Blvd. Because of the uncertainty of what the traffic might be like, as well as, the new neighbors that'll be living in the condos about the retail, I'd prefer the interior unit over the one on Oxford and would value it less than the competition. Probably at $799,000 to get faster action.