Alameda Housing Stock Falls Below 100 Units

I am on vacation this week, but I did want to make a quick post with the weekly Alameda MLS homes for sale inventory data. It was significant that the inventory fell below 100 units to start 2010.

The graph that goes back to November 2008 shows a steady increase from February 2009 to July of last year. From July it has been a steady decline reaching an all time low since I started tracking the data.

The Island has just 56 single family homes for sale and just 27 under $600,000. Of those 27 on 15 have three or more bedrooms listed. That is a very limited selection for home hunters.

Short sales and foreclosures continue to make up a good portion of the Alameda inventory for sale; distressed properties are 38 percent of the inventory.

If you compare the first week of 2009 to 2010 the Island had 149 units for sale compared to the new low of 97. This is a 34 percent decline year-over-year.

I will try and get one more post in this week, but next Monday I will have December 2009 sales and Thursday the results of 2009.






Alameda Home Inventory January 4, 2010

. . 1/4/2010 . Total 97 . 94501 80 . 94502 17 . SFR 56 . Condo 19 . Multi-Family 20 . Short Sale 18 . Foreclosure 12 . Price Reductions 33 . High List $1,999,000 . Low List $215,000 .