Alameda Inventory Slope Continues Down

The housing inventory for Alameda continues to trend down. The fancy graph I included shows the slope has grown very dramatic since July and looks like it will continue to hover around a 100 units.

This week we hit a new low for the year falling to 107 units for sale. The decline is both seasonal and market driven. The current inventory has more than a third of it consisting of distressed property. The Island's listed inventory is 38 percent short sale or foreclosed.

There are just 63 single family residences for sale. The current median list price for the single family home is $625,000. For those searching for a home this leaves very little to select from given the current market.

I think this low inventory will continue until February or March, so if you are home hunting it will take some patience.





Alameda Home Inventory for the Week of December 14

. . 12/14/2009 . Total 107 . 94501 86 . 94502 21 . SFR 63 . Condo 19 . Multi-Family 23 . Short Sale 17 . Foreclosure 13 . Price Reductions 41 . High List $1,899,000 . Low List $149,000 .