For the month, Alameda had 34 properties change hands. The best news for home sellers was 16 of the 34 properties sold above the list price. This is a big change in how buyers are reacting in the Alameda real estate market. On average homes are selling right at list price.
One reason for the shift is the decline in both the median and average sale price for November. The median price for an Alameda home was $520,000 and the average was $538,412 this past month. The month over month change was a decline of 8.4 and 8.8 percent, respectively.
The top Alameda home sale was 1261 Saint Charles. The four bedrooms, 2,405 square foot Gold Coast property sold for $1,225,000; $25,000 over asking price. The lowest priced property was a 962 square foot condo at 2205 San Antonio. The property sold for 95 percent of asking price for $250,000.
Two Alameda properties had the biggest spread, 88 percent, between list price and sale price. The homes at 2134 San Jose and 834 Taylor saw buyers come in much lower than the market price.
Single family homes dominated the sales account for 27 of the 34 properties sales. A look at the sales bands show homes in the$400,000 and $500,000 were the most popular with Alameda buyers. The range between $400,000 and $599,999 accounted for 52 percent of the sales. Only one property sold for over $800,000 and that was the million dollar Saint Charles property.
I expected a decline this month and given the Alameda real estate market for the past two years the month was actually pretty good news.
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