January A Fizzle For Home Sales

After a strong close to Alameda home sales in the final four months of a lackluster 2009 in, 2010 started with a completed fizzle. The first month of this year so far has recorded just 16 sales. This is the lowest total I have seen in the three years of data that I have compiled.

For a reference, January 2007 had 37 sales and 2008 and 2009 recorded 21 sales in the opening month of the year. The year-over-year decline is 24 percent and the month-over-month change is a decrease of 59 percent.



Typically January and February are slow months for home sales, but the unusually slow sales have been compounded by a lack of (new or good) inventory for buyers to choose from and the difficulty for many to still secure financing.

Because the sales were low the Alameda median home sale price dropped to $477,800. This is $91,200 drop from December or a 16 percent decline. The positive is that it is higher than January 2009’s $457,000. The high median sales price in 2009 was $594,000 in June.

January 2010 Alameda Home Sales

. Sales Date Address Type List Price Sale Price % . 1/5/2010 1041 CAMINO DEL VALLE TNH $365,000 $378,000 104% . 1/6/2010 1428 UNION ST SFR $825,000 $801,000 97% . 1/6/2010 1533 MOZART ST SFR $350,000 $335,000 96% . 1/8/2010 1547 B SANTA CLARA AVE SFR $575,000 $530,000 92% . 1/8/2010 2815 OTIS DR SFR $459,000 $426,000 93% . 1/8/2010 2031 OTIS DR #F CONDO $279,900 $285,000 102% . 1/8/2010 16 CALLAN PL SFR $1,850,000 $1,795,000 97% . 1/12/2010 1367 HANSEN AVE SFR $679,000 $679,000 100% . 1/12/2010 1560 LINCOLN UNIT C SFR $230,900 $210,000 91% . 1/13/2010 653 CENTRE COURT TNH $479,000 $483,600 101% . 1/13/2010 1825 SHORELINE DRIVE #213 CONDO $239,000 $245,000 103% . 1/15/2010 2140 CLINTON AVE. MFR $995,000 $880,000 88% . 1/15/2010 1554 4TH ST SFR $499,000 $530,000 106% . 1/15/2010 801 PARK STREET SFR $509,900 $490,000 96% . 1/15/2010 430 COLA BALLENA #C CONDO $484,000 $472,000 98% . 1/26/2010 2031 OTIS DR #G CONDO $215,000 $210,000 98% . Median $477,800 . Average $546,850 .