How will the current unstable real estate market affect the sale of parcels?
A – Hayward Bypass excess properties will be affected by current real estate market conditions essentially in the same way all other properties for sale in the same time period are affected. The Department will sell excess parcels at a value determined by the market either at public auctions or as determined by appraisals based on recent market data. If, at the time of sale or appraisal, current market conditions have resulted in a reduction in property values from previous levels, this decline will be reflected in the value obtained at the auction or established by the appraiser.
