New Inventory hits the Alameda Market

Thursday to Friday evening was a busy day for Alameda real estate with six new listings coming on the market. Four of the properties were single family residences and the other two were multi-family. Prices ranged from $479,900 to $800,000, and all of the new listings were in the 94501. On Sunday, a property was added to the inventory in 94502.

A little concerning is nearly half of the seven listed properties from the Thursday to Sunday are distressed. A home, 8 Ferro Court and a duplex, 518 Taylor are foreclosures. Adding to the distressed list is a short sale, this is a converted Victorian home with 4 units at 452 Santa Clara.

Since January 1, eight of 26 properties (30%) to be placed on the market have been distressed properties. 

This is something to watch very closely over the next couple of months. Here are the most recent listings and the weekly inventory report.

MLS# 40390312  SFR priced at $610,000*1530 GRAND ST, Alameda, CA 94501
Bedrooms: 3
Bathrooms: 1
Square Footage: 999
Lot Size: 4,410 Sq. Ft.Year 

Built: 1915

Stories: 1

MLS# 40390480  SFR priced at $739,900*

8 FERRO COURT, Alameda, CA 94502
Bedrooms: 3
Bathrooms: 2
Square Footage: 2,030
Lot Size: 3,600 Sq. Ft.
Year Built: 1995
Stories: 2

MLS# 40390041  SFR priced at $540,000*
309 SAND BEACH, Alameda, CA 94501
Bedrooms: 4
Bathrooms: 2
Square Footage: N/A
Lot Size: 5,000 Sq. Ft.
Year Built: 1965
Stories: 1

MLS# 40390059  SFR priced at $800,000*
2614 SAN JOSE AVE, Alameda, CA 94501
Bedrooms: 4
Bathrooms: 2
Square Footage: 2,529
Lot Size: 4,864 Sq. Ft.
Year Built: 1915
Stories: 3
Open House: January 17, 2009

MLS# 40390078  SFR priced at $600,000*
1350 BROADWAY, Alameda, CA 94501
Bedrooms: 3
Bathrooms: 2
Square Footage: 1,381
Lot Size: 7,000 Sq. Ft.
Year Built: 1890
Stories: 2

MLS# 80902277  MFR priced at $699,900*
452 SANTA CLARA AV, Alameda, CA 94501
Square Footage: 2,836
Lot Size: 7,810 Sq. Ft.
Age: 109 years

MLS# 40389963  MFR priced at $479,900*
518 TAYLOR AVE, Alameda, CA 94501
Square Footage: N/A
Lot Size: 6,000 Sq. Ft.
Year Built: 1895

Alameda Inventory Data

Data Pulled January 18, 2007 at 12:00 PM

Total: 153

94501: 121

94502: 32

Single Family: 82

Condo: 39

Foreclosure: 15

Short Sale: 20

Price Reduction: 61

High List: $1,795,000

Low List: $179,900