A Look at Home Sales Bands

Sometimes I wonder, if other people are as into breaking down data as much as I am, but when it comes to home sales it is all about the numbers. Looking and fining something new in the numbers is like prospecting and it makes it interesting to me.

For the past few weeks, I have wanted to look at the price bands for the Alameda Real Estate market. Price bands are good way to get a sense of how the market has been performing over the past six months.

The breakdown shows that most home sales are finding buyers in the $500,000 range. This is where 43 of the 197 sales were recorded. The $600,000 range accounted for another 42 sales. Combined the two bands accounted for 42 percent of the sales.

As most people would think the high and low ends of the market had the fewest number of sales. The Million Dollar market has almost vanished. With only three sales to date the Island has not seen a seven figure sales since April 7.

Since I was breaking down the data I also looked at sales by property type. Single family homes are still the driver in the market accounting for 68 percent of the sales. Condominiums represented 23 percent of the sales this year.

The most interesting breakout was of home sales by square footage. This was spread almost evenly among a variety of home sizes. I shows to me that it not so much the home size, but the location of that home.

Hope that you find the numbers interesting.

. Price Band Sales . $199,000 and lower 5 . $200,000 to $299,999 9 . $300,000 to $399,999 24 . $400,000 to $499,999 38 . $500,000 to $599,999 43 . $600,000 to $699,999 42 . $700,000 to $799,999 23 . $800,000 to $899,999 8 . $900,000 to $999,999 2 . $1,000,000 or more 3 . . Property Type Sales . Condominium 46 . Multi Family 17 . Single Family Residence 134 . . Square Footage Sales . Under 1,000 21 . 1,001 to 1,299 37 . 1,300 to 1,599 36 . 1,600 to 1,899 38 . 1,900 to 2,199 16 . 2,200 or more 27 .

Link to Larger Chart