Listings and Building

Busy day yesterday for Alameda’s Realtors, this morning my City of Alameda listing alert had five homes in the email. The email actually had six, but it listed 1415 Willow twice, one as a Single Family Residence and another as a Multi Family. Since the Realtor described the property as a “Beautiful 1915 traditional craftsman duplex,” I will count it as a multi family for today.

You can see the listings below the map.

On the National front a report by The Commerce Department show a big up swing in Housing Starts for May. Housing starts are the units of new housing construction and with housing starts jumping 17.2 percent to a seasonally adjusted annual rate of 532,000 units, up from April's revised 454,000 units.

The good news is home builders as beginning to build again, on the downside was much of the build is multi family. Construction of single-family homes rose 7.5 percent to a 401,000 rate. Work on multifamily homes, such as townhouses and apartment buildings, jumped 62 percent to an annual rate of 131,000.

Although new construction is relatively restricted in Alameda given the little land to build on and the Alameda point Project still years away, the construction news is good because it is a belief that people will again start buying.

New building permits, which give a sense of future home construction, rose 4.0 percent, the biggest advance since June last year, to 518,000 units in May. That compared to analysts' forecasts for 500,000 units. Compared to the same period a year-ago, building permits plummeted 47 percent.

(Just a quick note: The neighborhood map project is coming along and I have mad several changes from reader comments. Give a look to see if we are getting closer: Map Link)

View Alameda Neighborhoods in a larger map

Monday Listings

1415 WILLOW STREET, Alameda, CA 94501
Priced at $780,000
MLS# 40414844
Property Type: MFR
Lot Size: 4,600 Sq. Ft.
Year Built: 1916
Open House: June 16, 2009

1327 WEBSTER ST #B308, Alameda, CA 94501
Priced at $239,900
MLS# 40414933
Property Type: CONDO/TH
Bedrooms: 1Bathrooms: 1
Square Footage: 701
Lot Size: 36,939
Sq. Ft.Year
Built: 1970

1417 5TH ST, Alameda, CA 94501
Priced at $837,500
MLS# 40414891
Property Type: SFR
Bedrooms: 5
Bathrooms: 3
Square Footage: 2,778
Lot Size: 6,674 Sq. Ft.
Year Built: 1910
Open House: June 16, 2009

931 INDEPENDENCE DR # A7, Alameda, CA 94501
Priced at $450,000
MLS# 40414923
Property Type: CONDO/TH
Bedrooms: 2
Bathrooms: 2
Square Footage: 1,204
Lot Size: 19,123
Built: 1986

1336 LINCOLN AVE, Alameda, CA 94501
Priced at $675,000
MLS# 40414892
Property Type: MFR
Lot Size: 5,400
Year Built: 1906