More on July Sales: The Band Says

I wanted to dive more into the July sales for Alameda and look to see how sales fell into pricing bands.

The sweet spot for home sales in Alameda is in the half million dollar range. Of the 35 sales, in the intial sales data, showed that 15 fell between $500,000 and $599,000. This accounted for 43 percent of the sales.

The next largest band was the $600,000 range that represented 20 percent of the sales. Once you climbed into this band and above all the home sales were single family residences.

It appears that the inventory of homes under $400,000 is falling off and so are the sales. The Island saw just three sales below the 400K level. Alameda currently has 25 listings in the lower end of the bands.

So what does all this mean. If you are a home seller, with a property above $700,000 you have very few shoppers looking in that range right now. If you are a buyer looking below $400,000 there are properties but the inventory is shrinking.

. Total Number of Sales . $1-$299,999 1 . $300,000-$399,999 2 . $400,000-$499,999 3 . $500,000-$599,999 15 . $600,000-$699,999 7 . $700,000-$799,999 5 . $800,000-$899,999 1 . $900,000-$999,999 1 . . SFR . $300,000-$399,999 1 . $400,000-$499,999 1 . $500,000-$599,999 10 . $600,000-$699,999 6 . $700,000-$799,999 5 . $800,000-$899,999 1 . $900,000-$999,999 1 . . Condo . $1-$299,999 1 . $300,000-$399,999 1 . $400,000-$499,999 2 . $500,000-$599,999 3 .