Inventory Just Like the Island: Flat

Quick post today. Heading to San Diego to meet with a large group of Realtors so travel and meeting prevent a detailed post. Alameda Inventory is up slightly for the wee, but for tracking purposes the numbers remain flat. It appears that the sales season has ended and October is seeing a slowing of sales.

Well priced homes on the market will continue to sell as we saw last month.

One additional foreclosure hit the market with that segment of the market rising from seven to eight. The short sale inventory also increased by one. The additions to the distressed market are a two foreclosures: a $175,000 condo on Shorepoint, and a three bedroom, two bath home at 1726 Eagle listed for $381,200. The new short sale is located on Bay Farm, 23 Leonard Ct a two bedroom, two bath listed for $489,000.

Have a great Monday and Happy House Hunting.

Inventory for October 19, 2009

. . 10/19/2009 . Total 127 . 94501 103 . 94502 24 . SFR 81 . Condo 24 . Multi-Family 20 . Short Sale 14 . Foreclosure 8 . Price Reductions 42 . High List $1,899,000 . Low List $175,000 . .