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