Tuesday, December 23, 2008

2008 Alameda Sales Data

With the month and year coming to a rapid close I thought I would take a look at Alameda sales for the year. You can see that 2008 started slow and picked up pace in April and peaked in July. This is a typical pattern for sales. But from the Summer on, as the mortgage crisis built, the second half of the yearsaw a continuing decline in sales, the only anomaly was October. 

I also wanted to take a look at median home sale price verses average home sale price. The data looks very similar with the average not been much higher than the medium. This tells me that bulk of Alameda's inventory is mostly priced between $600,000 and $650,000. You can see that both the medium and average also declined in the later part of the year.

Charts reflect 444 Alameda sales reported through the MLS from January 1 to December 20, 2008. I will update the final December sales data and these charts in the second week of January.

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