Snap Shot of Alameda real estate market - August 20 to August 27, 2012

By
Real Estate Sales Representative with Gallagher & Lindsey, Alameda, California
http://actvra.in/GV4

 

Snap Shot of Alameda real estate market - August 20 to August 27, 2012



This is a snapshot of the Alameda real estate market activity August 20 to August 27, 2012:

New homes on the market.........................................................13
Price changes...............................................................................6
Homes that sold...........................................................................8
Pending activity - all not just last week......................................136
All properties currently on the market..........................................53
Condos currently on the market...................................................8
Townhouses currently on the market............................................5
Distressed properties:
Bank Owned properties................................................................5
Short Sales..................................................................................3
Average days on the market......................................................29
(including distressed properties)
Average sales price of single family homes.......................$415,833



The snapshot of the Alameda market shows that the number of new homes on the market last week decreased to 13 since the previous week’s total of 15.  All statistics are very close to last week’s statistics.  Pending activity has decreased since last week from 130 home pending to 119 this week.  That is probably due to the very low inventory.



Average sales price has decreased this weekfrom $515,107 the previous week to the current week’s sales price of $415,833.  Statistics have been consistent since June, 2012.  A snapshot of the Alameda real estate market does not show a true picture of the market trend.  More time is needed to determine trends.

East Bay Regional Data MLS



Prices have climbed but there are still good values in Alameda.  Since June 2011 prices have increased 11%.  This is still a good time to be looking for a home since interest rates are still in 3% range.  The low inventory may be the only impediment to finding a home.  However, new homes have continually come on the market this summer.  Buyers need to have an agent who watches the market frequently and knows what is available now.

Looking for a home in the Alameda?  I have lived in Alameda for nearly 40 years. I know the market and can help you buy a home in Alameda.  I can send an email to you every day of any new activity on the market.  Call or text me at 510-504-5612.  Follow me on my facebook page Living in Alameda and 101 Things to Do in Alameda.



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Topic:
Real Estate Market Trends
Location:
California Alameda County Alameda Alameda,Ca
Groups:
San Francisco Bay Area Real Estate
Market Reports
Alameda California
Advice for Sellers
CALIFORNIA REAL ESTATE
Tags:
2012
august 20 to august 27
snap shote of alameda real state market

Comments 6 New Comment

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Ambassador
1,422,668
Karen Kruschka
- "My Experience Isn't Expensive - It's PRICELESS"
RE/MAX Real Estate Connections

Evelyn  Your Alameda market snapshot is presented in a manner that is easily read by area residents - just the way it should be

August 27, 2012 03:09 PM
Rainmaker
647,976
Maureen Bray Portland OR Home Stager ~ Room Solutions Staging
"Staging that Sells Portland Homes"
Room Solutions Staging, Portland OR

Hi Evelyn ~ Your average days on Market in the Alameda area is admirable!  Properties are  moving quickly!  What great info for your local consumers to have access to.

August 28, 2012 12:38 PM
Rainmaker
634,085
Evelyn Kennedy
Alameda, Real Estate, Alameda, CA
Gallagher & Lindsey, Alameda, California

Jerry:  Thank you.  We re in a seller's market.

Karen:  Thanks, I am still trying to refine it, but I think it covers what it should since I publish it every week,

Maureen:  Properties are moving fast.  The next thing I expect to see are fist fights among buyers.  It is getting tough.

August 28, 2012 04:42 PM
Rainmaker
1,202,503
Carla Muss-Jacobs, Principal Broker/Owner
Buyer Focused ~ Buyer Results
BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time

A very nice snapshot Evelyn.  Easy to read and disgust.  Nice to see the market moving . . .

August 28, 2012 08:00 PM
Rainmaker
634,085
Evelyn Kennedy
Alameda, Real Estate, Alameda, CA
Gallagher & Lindsey, Alameda, California

Carla:

It is nice to see the market moving.  But I wish it would hit an even keel.  Now there are multiple offers, almost no inventory and frantic buyers.

August 28, 2012 10:29 PM
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Rainmaker
634,085

Evelyn Kennedy

Alameda, Real Estate, Alameda, CA
How can a find a home in Alameda
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