Tuesday, April 21, 2009

94501's Bottom and Top 5

When home sell, the first question almost everyone asks is “What did it sell for?”
As someone who watches the Alameda market very closely I like to add on to that question, “and how much of List Price did they get?”

I took a look at Single Family Residence from January 1, 2008 to March 31, 2009, to see how the home pricing is holding up over 15-month period. I think that tracking this list-to-sold percentage is a good way to see if Real Estate salespeople are pricing homes correctly in what has been a very volatile market. Not easy to do.

At the bottom of the list is 1810 Hibbard; the property sold for 75% of the list price for this two bedroom, one bathroom Central Alameda home. Missing the sale price by 25%  is a big margin could mean many things, but most all it says it was way over priced. On the opposite end of the scale, something almost reminiscent of the year 2000, 2253 Clinton sold for 145% of the list price. All the properties that sold in the top five were under $400,000.

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Of the 360 homes sold in this period, 233 sold for under the list price, another 59 sold for the list price and 68 sold over list.

So if you are like me here are Alameda bottom and top five home sales based on sale price to list price

1 comment:

  1. It would be interesting to include the names of the realtors on these.