Tuesday, September 14, 2010

September Home Sales in Alameda Start Slow

Alameda September home sales are tracking for a big decline in both month-over-month and year-over year sales. With just 11 sales recorded so far this month the Island is pacing at 23 sales for the month, this would be a huge decline over the 55 sale in September 2009.

At the current pace, Alameda is looking at a decline of 48-percent in two of its three most productive sales months. The months of August, September and October was Alameda's best sales period in 2009. During that three month span 186 properties were sold. Given that August 2010 had 20 fewer sales than '09 and September is pacing to have the same reduction the final totals for 2010 could be very dismal.

There are some positives in the recent sales both median and average sale price are up over September 2009 and five of the 11 homes that sold went for above the list price. September 2009 median sales prices was $517,000 and the average was $558,335 compared to $589,301 and $571,500 respectively.

September Sales to date:

Sale Date Address City Zip Type Beds Baths SQ Feet List Price Sale Price %
01-Sep-10 2610 OTIS DR Alameda 94501 SFR 3 1 2023 $325,000 $350,000 107.69%
02-Sep-10 1944 OTIS DR Alameda 94501 SFR 4 2 2029 $649,000 $657,500 101.31%
02-Sep-10 118 PURCELL DR Alameda 94502 SFR 2 2 1526 $659,000 $655,000 99.39%
03-Sep-10 1325 SAINT CHARLES Alameda 94501 SFR 3 2 1842 $724,000 $704,000 97.24%
03-Sep-10 2625 JANIS CIRCLE Alameda 94501 MFR 0 0   $698,000 $660,000 94.56%
07-Sep-10 202 CHINABERRY LN Alameda 94502 TNHS 4 2 2018 $516,900 $515,000 99.63%
08-Sep-10 447 SANTA CLARA Alameda 94501 MFR 0 0   $419,000 $435,000 103.82%
09-Sep-10 630 TARRYTON ISLE Alameda 94501 SFR 4 2 1841 $699,000 $710,000 101.57%
09-Sep-10 2931 WINDSOR DRIVE Alameda 94501 SFR 2 1 1198 $576,000 $585,000 101.56%
10-Sep-10 2722 BAYVIEW DRIVE Alameda 94501 SFR 3 2 1716 $629,500 $615,000 97.70%
10-Sep-10 1033 TAYLOR AVE Alameda 94501 MFR 0 0   $499,000 $400,000 80.16%


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