Monday, March 9, 2009

Alameda February Sales

So the numbers are in and there is good news and bad.

First the good the Alameda Sales for February are higher than in 2008. The month had the first million dollar sale since October of last year (my post on Million Dollar Homes). The luxury home, 12 Callan Place, on Bay Farm found new owners which paid $1.85 Million. According to Trulia the property last sold for Sold for $990,000 on April 9, 1996

The bad is it was 2009 sales were 22 just one more than the year before and inventory on the Island grew this week to a 14-week high of 168 units as yesterday.

I think more than anything the numbers have showm that the Alameda market is tepid. Not much has changed in inventory and a sales. Something has to give, price will continue to decline as inventory gros this provide more opportunity for new buyers or the financial conditions in the market will imporove and buyers will again begin seaching for homes.

Lots of charts below: Sales for the month, Monthly Sales Trends, Weekly Inventory and New Listings

 

 February Sales

Feb09 Sales

Sales Trend by Month


SalesChartFeb09

Larger Version

Weekly Inventory Numbers

8-Mar-09

 

Total

169

94501

133

94502

36

SFR

92

Condo

47

Multi-Family

30

Short Sale

27

Foreclosure

12

Price Reductions

66

High

 $             1,795,000

Low

 $                214,900


Weekly Listings

 

New Listings

 

 

 

 

 

 

 

Date

Address

List Price

Bed

Bath

SqF

Type

$ per SQF

3/6/2009

1527 Willow

 $    724,500

0

0

N/A

MFR

 

3/6/2009

1626 Alameda

 $ 1,145,000

0

0

N/A

MFR

 

3/6/2009

1305 Webster #C200

 $    258,000

2

1

843

Condo

 $  306.05

3/6/2009

1304 Morton

 $    975,000

3

3

2,064

SFR

 $  472.38

3/5/2009

538 Palace

 $    435,000

3

2

1,740

SFR

 $  250.00

3/5/2009

2106 Otis #C

 $    307,500

2

2

1,078

Condo

 $  285.25

3/5/2009

1616 Cornell

 $    749,500

3

1

1,487

SFR

 $  504.03

3/5/2009

104 Inverness

 $    729,000

3

2

1,522

SFR

 $  478.98

3/5/2009

107 Orr

 $    647,000

4

3

1,740

SFR

 $  371.84

3/5/2009

735 Palmera

 $    998,000

3

3

2,927

SFR

 $  340.96

3/5/2009

259 Capetown

 $    799,000

4

3

2,388

SFR

 $  334.59

3/4/2009

1170 9th #13

 $    289,000

1

1

577

Condo

 $  500.87

3/4/2009

12 Regulus

 $    520,000

2

2

1,443

Condo

 $  360.36

3/4/2009

541 King

 $    645,000

3

3

1,946

SFR

 $  331.45

3/3/2009

1081 Island

 $    459,000

3

3

1,730

Condo

 $  265.32

3/2/2009

351 Magnolia

 $    699,000

4

3

2,149

SFR

 $  325.27

3/1/2009

2137 Otis #102

 $    350,000

2

2

1,090

Condo

 $  321.10

 

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