Results of 94501 Real Estate Survey

Today we look at the results of the 94501 Real Estate Survey and how Alameda feels about the status of owning a home on the Island. Just a note, this is not a scientific in anyway, the number responses (23) make the survey just an interesting to look at and not even close to being statistically relevant.

Most on the people surveyed feel that the market will continue to decline, although they believe the decline will be relatively small between 1-5%. Combine that group with those who think the market will be flat and 73% of those survey have a conservative view of 2009.

Most people, 65%, see a house as part of their investment mix but more than 20% do not see it as a wealth investment.

The survey group thinks that the housing price decline in Alameda will last until the end of 2009, but the overwhelming number of people still see that Alameda is a good buy.

Home that you find this of interest.

 

1. What direction do you think Alameda home values will go in 2009?	Response Percent
Way up 10% or more	4.30%
Up a Little 1-5%	8.70%
Flat	26.10%
Down a Little 1-5%	47.80%
Way Down 10% or more	13.00%
2. Do you see real estate as your best shot at wealth?	Response Percent
It is my only way	4.30%
It is part of an investment mix	65.20%
Don't Know	8.70%
Real Estate is not a wealth investment	21.70%
Life long renter	0%
3. How long will price in Alameda continue to decline?	Response Percent
We hit bottom	8.70%
1-3 months	13%
6-12 months	60.90%
2010	8.70%
2011	8.70%
4. Do you think buying in Alameda is a good value?	Response Percent
Yes	81.80%
No	18.20%