Weekly Alameda Inventory Report

Still getting caught up from the vacation so I will keep it short today. The normal Monday Alameda Housing inventory data is being brought to you on Tuesday.

The number of homes for sale have been in the 120s for the past three weeks and it appears that the dip in inventory that the Island has encountered has stabilized for the moment. Three homes came on the market yesterday and 10 for the week. There has been a little movement in the market with just 12 sales recorded for the month and seven of them came last week. This means that several home are being pulled for the market.

The early October sales show no foreclosure or short sales. There are currently just seven foreclosures and 13 short active listings on the Multiple Listing Service (MLS). Ten distressed properties sold last month it now appears that buyers have sucked that part of the market.

With the prime sales season over, it will be interesting to watch and see if inventory continues to decline.

Alameda Inventory for October 12

. . 10/12/2009 . Total 124 . 94501 101 . 94502 23 . SFR 79 . Condo 23 . Multi-Family 20 . Short Sale 13 . Foreclosure 7 . Price Reductions 41 . High List $1,899,000 . Low List $269,000 . .