Wednesday, September 8, 2010

August Home Sales Take Big Chill


After a big run up in sales prior to the end of the Federal Tax Credit, home sales in Alameda dipped in the month of August significantly. The decline in sales is reflective of what is happening across the country where sales haven fallen off as credit has been become more difficult and buyers are wary to buy a home. Alameda sales are down 41-percent in May and 34-percent from June.

Looking back the past two years August had 56 sales in 2009 and 48 in 2008 compared to 35 this year. This is a 27-percent decline year-over-year. The combination of growing inventory and slow sales will continue to put pressure on the Alameda market.

Both the median ($578,000) and average sale ($623,951) price were up in August. The median is the highest since June of last year and the average you have to go back to November 2008.

The positive for sales were May and June, the sales number were very good compared to the last two year. Both months exceed the prior two years sales for the same time period. Most of this was due to buyers taking advantage of the tax credit.

Alameda Home Sales Graph from January 2009 to August 2010:





Sale Date Address zip Sale Price
03-Aug-10 234 SHEFFIELD RD 94502 $855,000
03-Aug-10 1801 VERSAILLES AVENUE 94501 $850,000
04-Aug-10 2101 SHORELINE DR #461 94501 $365,000
06-Aug-10 983 PARK ST 94501 $409,500
10-Aug-10 119 CENTRAL AVENUE 94501 $465,000
10-Aug-10 1200 SAN ANTONIO AVE 94501 $1,635,000
11-Aug-10 608 FORTRESS ISLE 94501 $790,000
11-Aug-10 1825 NASON ST 94501 $390,000
12-Aug-10 2615 WASHINGTON ST 94501 $525,000
12-Aug-10 3402 REDHOOK LN 94502 $425,000
12-Aug-10 1712 THIRD STREET #305 94501 $265,000
12-Aug-10 2935 SOUTHWOOD DR 94501 $1,200,000
13-Aug-10 1516 FIFTH STREET 94501 $678,000
13-Aug-10 2015 LINCOLN AVE 94501 $530,000
13-Aug-10 1713 EAGLE AVE 94501 $500,000
13-Aug-10 1001 SHORELINE DR #108 94501 $419,300
17-Aug-10 410 MARSHALL WAY 94501 $470,000
17-Aug-10 1001 SHORELINE DR #406 94501 $412,000
18-Aug-10 965 SHOREPOINT CT #222 94501 $298,000
20-Aug-10 356 ANDERSON RD 94502 $960,000
20-Aug-10 2778 SHANER DR 94502 $607,500
20-Aug-10 534 QUEENS ROAD 94501 $578,000
20-Aug-10 950 SHOREPOINT CT #216 94501 $185,000
23-Aug-10 2845 ENCINAL AVE 94501 $638,000
23-Aug-10 837 PACIFIC AVE 94501 $455,000
27-Aug-10 1 STONE HBR 94502 $780,000
27-Aug-10 1305 HANSEN AVE 94501 $776,000
27-Aug-10 2157 SAN ANTONIO AVE 94501 $745,000
27-Aug-10 1555 SANTA CLARA AVE 94501 $565,000
30-Aug-10 1809 KOFMAN PARKWAY 94502 $838,000
30-Aug-10 1312 SAN ANTONIO AVE 94501 $650,000
31-Aug-10 236 RATTO RD. 94502 $879,000
31-Aug-10 632 ARLINGTON ISLE 94501 $705,000
31-Aug-10 22 BRITT COURT 94502 $620,000
31-Aug-10 3523 OLEANDER AVE 94502 $375,000
Median $578,000
Average $623,951


For More Detail
August 2010 Sales

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