tag:blogger.com,1999:blog-87813468304308902682024-03-05T22:41:27.070-08:0094501 Real Estate -- Alameda Real Estate BlogAlameda California Real Estate, yes both 94501 and 94502, with inventory data, what's moving and what's not, photos of the essence of Alameda and hot real estate topicsUnknownnoreply@blogger.comBlogger289125tag:blogger.com,1999:blog-8781346830430890268.post-1261803859030347442010-10-18T10:45:00.000-07:002010-10-18T10:45:36.621-07:00NAR Says Families Will Suffer if Foreclosure Freeze ContinuesThousands of first-time and move-up buyers who hoped to make a foreclosed property their new home now face uncertainty, anxiety and possibly remorse as they worry that closing on their desired property could be in jeopardy.<br />
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For many, the dream of homeownership could turn into agony if their home purchase is indefinitely delayed by a moratorium on foreclosures declared by some banks, the National Association of Realtors® said today. The moratoriums are needed, banks say, to review all of the foreclosures in their portfolios to make sure they’re in compliance with the law and that titles are clear.<br />
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NAR warned that a prolonged review process would have a damaging impact on many communities and hinder the nation’s economic recovery.<br />
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“As the leading advocate for homeownership issues, we understand that many lenders need a time-out to review their actions to ensure that homeowners are not improperly foreclosed on and that the lenders are following regulations and state laws. After that, the foreclosure process must resume quickly to return stability to families, the housing market and the economy,” said NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates, Tucson, Ariz.<br />
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Over the past few months NAR has met with officials of top banks to discuss market issues. NAR urged banking leaders to seek resolution quickly through loan modifications and the short-sale process rather than through foreclosure. “We stand ready to help lenders develop better short-sale procedures,” Golder said.<br />
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“There are valid foreclosures that should move ahead quickly, and we shouldn’t lump them in with mortgages that are suspect. That would cause deep problems in an already fragile market and throw many families into uncertainty,” Golder said.<br />
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Golder said that she is receiving reports from Realtors® that the moratorium is already creating some anxiety among purchasers as transactions are being delayed and that some foreclosure listings are being removed from the market.<br />
Compounding the problem is that the requirements for foreclosure vary by state, and practices to meet these requirements vary by firm. NAR is working with regulators, such as the Federal Housing Finance Agency; and encouraging them to identify and quickly address process problems.<br />
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In a <a href="http://www.realtor.org/wps/wcm/connect/ddfdfc804449c96ca514fd830ed934e2/government_affairs_treas_hud_fhfa_101210.pdf?MOD=AJPERES&CACHEID=ddfdfc804449c96ca514fd830ed934e2" target="_blank">letter</a> today to the U.S Treasury Department, the U.S Department of Housing and Urban Development, and the Federal Housing Finance Agency, NAR stated the hope that banks would complete their foreclosure review expeditiously to assure that the rights of borrowers are protected and remove doubt that buyers will receive clear title to their purchase.<br />
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“NAR has long urged the lending industry to take every feasible action to keep families in their homes with a loan modification and, if that is not possible, to give them a ‘graceful exit’ through a short sale. These options are far better than a foreclosure, and nothing has driven this point home more clearly than the questions being raised about foreclosures. Lenders should place additional resources into processing loan modifications and short sales,” NAR wrote.<br />
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A year ago, NAR instituted a special short sale training program for its Realtor® members to work more closely with banks in expediting mortgages at risk by resolving them through short sales and loan modifications.Unknownnoreply@blogger.com17tag:blogger.com,1999:blog-8781346830430890268.post-73906048898527197932010-09-14T10:23:00.000-07:002010-09-14T10:23:49.236-07:00September Home Sales in Alameda Start Slow<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">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.</span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">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.</span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">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.</span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">September Sales to date:</span><br />
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<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 531px;"><!--StartFragment--> <col style="mso-width-alt: 2261; mso-width-source: userset;" width="53"></col> <col style="mso-width-alt: 4906; mso-width-source: userset;" width="115"></col> <col style="mso-width-alt: 2005; mso-width-source: userset;" width="47"></col> <col style="mso-width-alt: 1493; mso-width-source: userset;" width="35"></col> <col style="mso-width-alt: 1365; mso-width-source: userset;" width="32"></col> <col style="mso-width-alt: 1237; mso-width-source: userset;" width="29"></col> <col style="mso-width-alt: 1365; mso-width-source: userset;" width="32"></col> <col style="mso-width-alt: 1792; mso-width-source: userset;" width="42"></col> <col style="mso-width-alt: 2090; mso-width-source: userset;" width="49"></col> <col style="mso-width-alt: 2176; mso-width-source: userset;" width="51"></col> <col style="mso-width-alt: 1962; mso-width-source: userset;" width="46"></col> <tbody>
<tr height="14"> <td class="xl25" height="14" width="53"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Sale Date</span></span></td> <td class="xl25" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Address</span></span></td> <td class="xl25" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">City</span></span></td> <td class="xl25" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Zip</span></span></td> <td class="xl25" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Type</span></span></td> <td class="xl25" width="29"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Beds</span></span></td> <td class="xl25" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Baths</span></span></td> <td class="xl25" width="42"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">SQ Feet</span></span></td> <td class="xl25" width="49"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">List Price</span></span></td> <td class="xl25" width="51"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Sale Price</span></span></td> <td class="xl25" width="46"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">%</span></span></td> </tr>
<tr height="14"> <td class="xl26" height="14" width="53" x:num="40422.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">01-Sep-10</span></span></td> <td class="xl28" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2610 OTIS DR</span></span></td> <td class="xl28" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda</span></span></td> <td class="xl28" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94501</span></span></td> <td class="xl28" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">SFR</span></span></td> <td class="xl27" width="29" x:num="3.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">3</span></span></td> <td class="xl27" width="32" x:num="1.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1</span></span></td> <td class="xl27" width="42" x:num="2023.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2023</span></span></td> <td align="right" class="xl31" width="49" x:num="325000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$325,000</span></span></td> <td align="right" class="xl31" width="51" x:num="350000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$350,000</span></span></td> <td align="right" class="xl32" width="46" x:num="1.076923076923077"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">107.69%</span></span></td> </tr>
<tr height="14"> <td class="xl26" height="14" width="53" x:num="40423.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">02-Sep-10</span></span></td> <td class="xl28" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1944 OTIS DR</span></span></td> <td class="xl28" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda</span></span></td> <td class="xl28" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94501</span></span></td> <td class="xl28" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">SFR</span></span></td> <td class="xl27" width="29" x:num="4.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">4</span></span></td> <td class="xl27" width="32" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl27" width="42" x:num="2029.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2029</span></span></td> <td align="right" class="xl31" width="49" x:num="649000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$649,000</span></span></td> <td align="right" class="xl31" width="51" x:num="657500.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$657,500</span></span></td> <td align="right" class="xl32" width="46" x:num="1.013097072419106"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">101.31%</span></span></td> </tr>
<tr height="14"> <td class="xl26" height="14" width="53" x:num="40423.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">02-Sep-10</span></span></td> <td class="xl28" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">118 PURCELL DR</span></span></td> <td class="xl28" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda</span></span></td> <td class="xl28" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94502</span></span></td> <td class="xl28" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">SFR</span></span></td> <td class="xl27" width="29" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl27" width="32" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl29" width="42" x:num="1526.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1526</span></span></td> <td align="right" class="xl31" width="49" x:num="659000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$659,000</span></span></td> <td align="right" class="xl31" width="51" x:num="655000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$655,000</span></span></td> <td align="right" class="xl32" width="46" x:num="0.993930197268589"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">99.39%</span></span></td> </tr>
<tr height="14"> <td class="xl26" height="14" width="53" x:num="40424.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">03-Sep-10</span></span></td> <td class="xl28" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1325 SAINT CHARLES</span></span></td> <td class="xl28" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda</span></span></td> <td class="xl28" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94501</span></span></td> <td class="xl28" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">SFR</span></span></td> <td class="xl27" width="29" x:num="3.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">3</span></span></td> <td class="xl27" width="32" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl27" width="42" x:num="1842.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1842</span></span></td> <td align="right" class="xl31" width="49" x:num="724000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$724,000</span></span></td> <td align="right" class="xl31" width="51" x:num="704000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$704,000</span></span></td> <td align="right" class="xl32" width="46" x:num="0.972375690607735"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">97.24%</span></span></td> </tr>
<tr height="14"> <td class="xl26" height="14" width="53" x:num="40424.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">03-Sep-10</span></span></td> <td class="xl28" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2625 JANIS CIRCLE</span></span></td> <td class="xl28" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda</span></span></td> <td class="xl28" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94501</span></span></td> <td class="xl28" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">MFR</span></span></td> <td class="xl27" width="29" x:num="0.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">0</span></span></td> <td class="xl27" width="32" x:num="0.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">0</span></span></td> <td class="xl30"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> </span></span></td> <td align="right" class="xl31" width="49" x:num="698000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$698,000</span></span></td> <td align="right" class="xl31" width="51" x:num="660000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$660,000</span></span></td> <td align="right" class="xl32" width="46" x:num="0.945558739255014"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94.56%</span></span></td> </tr>
<tr height="14"> <td class="xl26" height="14" width="53" x:num="40428.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">07-Sep-10</span></span></td> <td class="xl28" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">202 CHINABERRY LN</span></span></td> <td class="xl28" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda</span></span></td> <td class="xl28" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94502</span></span></td> <td class="xl28" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">TNHS</span></span></td> <td class="xl27" width="29" x:num="4.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">4</span></span></td> <td class="xl27" width="32" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl27" width="42" x:num="2018.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2018</span></span></td> <td align="right" class="xl31" width="49" x:num="516900.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$516,900</span></span></td> <td align="right" class="xl31" width="51" x:num="515000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$515,000</span></span></td> <td align="right" class="xl32" width="46" x:num="0.996324240665506"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">99.63%</span></span></td> </tr>
<tr height="14"> <td class="xl26" height="14" width="53" x:num="40429.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">08-Sep-10</span></span></td> <td class="xl28" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">447 SANTA CLARA</span></span></td> <td class="xl28" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda</span></span></td> <td class="xl28" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94501</span></span></td> <td class="xl28" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">MFR</span></span></td> <td class="xl27" width="29" x:num="0.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">0</span></span></td> <td class="xl27" width="32" x:num="0.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">0</span></span></td> <td class="xl30"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> </span></span></td> <td align="right" class="xl31" width="49" x:num="419000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$419,000</span></span></td> <td align="right" class="xl31" width="51" x:num="435000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$435,000</span></span></td> <td align="right" class="xl32" width="46" x:num="1.0381861575179"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">103.82%</span></span></td> </tr>
<tr height="14"> <td class="xl26" height="14" width="53" x:num="40430.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">09-Sep-10</span></span></td> <td class="xl28" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">630 TARRYTON ISLE</span></span></td> <td class="xl28" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda</span></span></td> <td class="xl28" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94501</span></span></td> <td class="xl28" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">SFR</span></span></td> <td class="xl27" width="29" x:num="4.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">4</span></span></td> <td class="xl27" width="32" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl27" width="42" x:num="1841.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1841</span></span></td> <td align="right" class="xl31" width="49" x:num="699000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$699,000</span></span></td> <td align="right" class="xl31" width="51" x:num="710000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$710,000</span></span></td> <td align="right" class="xl32" width="46" x:num="1.015736766809728"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">101.57%</span></span></td> </tr>
<tr height="14"> <td class="xl26" height="14" width="53" x:num="40430.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">09-Sep-10</span></span></td> <td class="xl28" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2931 WINDSOR DRIVE</span></span></td> <td class="xl28" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda</span></span></td> <td class="xl28" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94501</span></span></td> <td class="xl28" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">SFR</span></span></td> <td class="xl27" width="29" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl27" width="32" x:num="1.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1</span></span></td> <td class="xl29" width="42" x:num="1198.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1198</span></span></td> <td align="right" class="xl31" width="49" x:num="576000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$576,000</span></span></td> <td align="right" class="xl31" width="51" x:num="585000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$585,000</span></span></td> <td align="right" class="xl32" width="46" x:num="1.015625"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">101.56%</span></span></td> </tr>
<tr height="14"> <td class="xl26" height="14" width="53" x:num="40431.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">10-Sep-10</span></span></td> <td class="xl28" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2722 BAYVIEW DRIVE</span></span></td> <td class="xl28" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda</span></span></td> <td class="xl28" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94501</span></span></td> <td class="xl28" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">SFR</span></span></td> <td class="xl27" width="29" x:num="3.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">3</span></span></td> <td class="xl27" width="32" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl29" width="42" x:num="1716.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1716</span></span></td> <td align="right" class="xl31" width="49" x:num="629500.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$629,500</span></span></td> <td align="right" class="xl31" width="51" x:num="615000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$615,000</span></span></td> <td align="right" class="xl32" width="46" x:num="0.976965845909452"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">97.70%</span></span></td> </tr>
<tr height="14"> <td class="xl26" height="14" width="53" x:num="40431.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">10-Sep-10</span></span></td> <td class="xl28" width="115"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1033 TAYLOR AVE</span></span></td> <td class="xl28" width="47"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda</span></span></td> <td class="xl28" width="35"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">94501</span></span></td> <td class="xl28" width="32"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">MFR</span></span></td> <td class="xl27" width="29" x:num="0.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">0</span></span></td> <td class="xl27" width="32" x:num="0.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">0</span></span></td> <td class="xl30"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> </span></span></td> <td align="right" class="xl31" width="49" x:num="499000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$499,000</span></span></td> <td align="right" class="xl31" width="51" x:num="400000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$400,000</span></span></td> <td align="right" class="xl32" width="46" x:num="0.801603206412826"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">80.16%</span></span></td> </tr>
<!--EndFragment--> </tbody></table>Unknownnoreply@blogger.com13tag:blogger.com,1999:blog-8781346830430890268.post-68008977069069768272010-09-13T07:30:00.000-07:002010-09-13T07:30:31.268-07:00Alameda Home Inventory Grows 7-Percent<span class="Apple-style-span" style="font-family: 'Lucida Grande'; font-size: small;"><span class="Apple-style-span" style="font-size: 11px;"> </span></span><br />
<span class="Apple-style-span" style="font-family: 'Lucida Grande'; font-size: small;"><span class="Apple-style-span" style="font-size: 11px;"><div class="MsoNormal"><span style="font-family: Arial;"><span class="Apple-style-span" style="font-size: medium;">In just seven days, Alameda Home Inventory grew 7-percent and is closing in on 200 units for the first time since I started tracking the data in 2008. The total number of units is just 13 new properties for sale, but the trend is showing that sales on the Island are not matching the rate of sale.</span></span><span style="font-family: Arial;"><span class="Apple-style-span" style="font-size: medium;"><o:p></o:p></span></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Arial;"><span class="Apple-style-span" style="font-size: medium;">The more concerning number is the growth of foreclosures. Alameda saw four more foreclosed homes come to the market: 73 Sand Harbor, 1005 Verdemar Dr, 1139 Pacific Ave and 2133 Clinton Ave. There was a net gain of three foreclosed units week-over-week.</span></span><span style="font-family: Arial;"><span class="Apple-style-span" style="font-size: medium;"><o:p></o:p></span></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Arial;"><span class="Apple-style-span" style="font-size: medium;">The foreclosure pipeline looks to be very full and the trend appears to be rising. According to RealtyTrac, Alameda has 282 homes in the foreclosure process; 215 in the 94501 and 67 in the 94502. Of those the bulk, 144 units, are still in the pre-foreclosure process, 99 are at the auction stage and 39 are banked owned.</span></span><span style="font-family: Arial;"><span class="Apple-style-span" style="font-size: medium;"><o:p></o:p></span></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Arial;"><span class="Apple-style-span" style="font-size: medium;">If the RealtyTrac numbers are accurate, then the banks are still sitting on inventory. If you add in the additional distressed properties then the Alameda Inventory is roughly 316 units, nearly 10-percent of all the Alameda's housing stock.</span></span><span style="font-family: Arial;"><span class="Apple-style-span" style="font-size: medium;"><o:p></o:p></span></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Arial;"><span class="Apple-style-span" style="font-size: medium;">The positive is Alameda is in better shape than most of the country. The Island had just one in every 423 housing units received a foreclosure filing in July 2010. That is on the low end of the spectrum. Some parts of the country and the Bay Area are seeing nearly, twice as many filings, 1-244 is the higher ends. The Nation's number one foreclosure market Las Vegas, NV had one filing for every 71 households and the state of Nevada one filing for every 82 households.</span></span><span style="font-family: Arial;"><o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Arial;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: Arial;"><span class="Apple-style-span" style="font-size: medium;">The housing market looks like it is going to be very bumpy over the next several months and the distressed properties is good indicator to monitor as we head towards 2011.</span></span></div></span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b><u>Inventory</u></b></span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> </span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"></span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 471px;"><col style="mso-width-alt: 6400; mso-width-source: userset;" width="175"></col> <col style="mso-width-alt: 3364; mso-width-source: userset;" width="92"></col> <col style="mso-width-alt: 3986; mso-width-source: userset;" width="109"></col> <col style="mso-width-alt: 3474; mso-width-source: userset;" width="95"></col> <tbody>
<tr height="13"> <td class="xl24" height="13" width="175"><span class="Apple-style-span" style="font-size: small;">Date: September 13, 2010</span></td> <td align="right" class="xl25" width="92" x:num="38972.0"><span class="Apple-style-span" style="font-size: small;">9/13/10</span></td> <td align="right" class="xl26" width="109" x:num="38965.0"><span class="Apple-style-span" style="font-size: small;">9/6/10</span></td> <td class="xl27" style="text-align: right;" width="95"><span class="Apple-style-span" style="font-size: small;">Weekly Change</span></td> </tr>
<tr height="13"> <td class="xl28" height="13"><span class="Apple-style-span" style="font-size: small;">Total Inventory</span></td> <td align="right" class="xl28" x:num="198.0"><span class="Apple-style-span" style="font-size: small;">198</span></td> <td align="right" class="xl28" x:num="185.0"><span class="Apple-style-span" style="font-size: small;">185</span></td> <td align="right" class="xl35" x:num="13.0"><span class="Apple-style-span" style="font-size: small;">13 </span></td> </tr>
<tr height="14"> <td class="xl29" height="14" x:num="94501.0"><span class="Apple-style-span" style="font-size: small;">94501</span></td> <td align="right" class="xl30" x:num="148.0"><span class="Apple-style-span" style="font-size: small;">148</span></td> <td align="right" class="xl28" x:num="140.0"><span class="Apple-style-span" style="font-size: small;">140</span></td> <td align="right" class="xl35" x:num="8.0"><span class="Apple-style-span" style="font-size: small;">8 </span></td> </tr>
<tr height="14"> <td class="xl29" height="14" x:num="94502.0"><span class="Apple-style-span" style="font-size: small;">94502</span></td> <td align="right" class="xl30" x:num="50.0"><span class="Apple-style-span" style="font-size: small;">50</span></td> <td align="right" class="xl28" x:num="45.0"><span class="Apple-style-span" style="font-size: small;">45</span></td> <td align="right" class="xl35" x:num="5.0"><span class="Apple-style-span" style="font-size: small;">5 </span></td> </tr>
<tr height="13"> <td class="xl28" height="13"><span class="Apple-style-span" style="font-size: small;">Single Family</span></td> <td class="xl31" style="text-align: right;" x:num="109.0"><span class="Apple-style-span" style="font-size: small;">109</span></td> <td align="right" class="xl28" x:num="99.0"><span class="Apple-style-span" style="font-size: small;">99</span></td> <td align="right" class="xl35" x:num="10.0"><span class="Apple-style-span" style="font-size: small;">10 </span></td> </tr>
<tr height="13"> <td class="xl28" height="13"><span class="Apple-style-span" style="font-size: small;">Condos</span></td> <td class="xl31" style="text-align: right;" x:num="60.0"><span class="Apple-style-span" style="font-size: small;">60</span></td> <td align="right" class="xl28" x:num="55.0"><span class="Apple-style-span" style="font-size: small;">55</span></td> <td align="right" class="xl35" x:num="5.0"><span class="Apple-style-span" style="font-size: small;">5 </span></td> </tr>
<tr height="13"> <td class="xl28" height="13"><span class="Apple-style-span" style="font-size: small;">Multi-Family</span></td> <td class="xl31" style="text-align: right;" x:num="27.0"><span class="Apple-style-span" style="font-size: small;">27</span></td> <td align="right" class="xl28" x:num="29.0"><span class="Apple-style-span" style="font-size: small;">29</span></td> <td align="right" class="xl35" x:num="-2.0"><span style="color: #dd0806;"><span class="Apple-style-span" style="font-size: small;">(2)</span></span></td> </tr>
<tr height="13"> <td class="xl28" height="13"><span class="Apple-style-span" style="font-size: small;">Foreclosure</span></td> <td class="xl31" style="text-align: right;" x:num="20.0"><span class="Apple-style-span" style="font-size: small;">20</span></td> <td align="right" class="xl28" x:num="17.0"><span class="Apple-style-span" style="font-size: small;">17</span></td> <td align="right" class="xl35" x:num="3.0"><span class="Apple-style-span" style="font-size: small;">3 </span></td> </tr>
<tr height="13"> <td class="xl28" height="13"><span class="Apple-style-span" style="font-size: small;">Short Sale</span></td> <td class="xl31" style="text-align: right;" x:num="21.0"><span class="Apple-style-span" style="font-size: small;">21</span></td> <td align="right" class="xl28" x:num="22.0"><span class="Apple-style-span" style="font-size: small;">22</span></td> <td align="right" class="xl35" x:num="-1.0"><span style="color: #dd0806;"><span class="Apple-style-span" style="font-size: small;">(1)</span></span></td> </tr>
<tr height="13"> <td class="xl28" height="13"><span class="Apple-style-span" style="font-size: small;">Price Reduced</span></td> <td class="xl31" style="text-align: right;" x:num="79.0"><span class="Apple-style-span" style="font-size: small;">79</span></td> <td align="right" class="xl28" x:num="72.0"><span class="Apple-style-span" style="font-size: small;">72</span></td> <td align="right" class="xl35" x:num="7.0"><span class="Apple-style-span" style="font-size: small;">7 </span></td> </tr>
<tr height="13"> <td class="xl28" height="13"><span class="Apple-style-span" style="font-size: small;">% of Price Reduced</span></td> <td align="right" class="xl32" x:num="0.399"><span class="Apple-style-span" style="font-size: small;">39.90%</span></td> <td align="right" class="xl33" x:num="0.389189189189189"><span class="Apple-style-span" style="font-size: small;">38.92%</span></td> <td align="right" class="xl32" x:num="0.00981081081081081"><span class="Apple-style-span" style="font-size: small;">0.98%</span></td> </tr>
<tr height="13"> <td class="xl28" height="13"><span class="Apple-style-span" style="font-size: small;">High List</span></td> <td align="right" class="xl34" x:num="1.835E6"><span class="Apple-style-span" style="font-size: small;">$1,835,000</span></td> <td align="right" class="xl34" x:num="1.835E6"><span class="Apple-style-span" style="font-size: small;">$1,835,000</span></td> <td class="xl28"></td> </tr>
<tr height="13"> <td class="xl28" height="13"><span class="Apple-style-span" style="font-size: small;">Low List</span></td> <td align="right" class="xl34" x:num="149888.0"><span class="Apple-style-span" style="font-size: small;">$149,888</span></td> <td align="right" class="xl34" x:num="149888.0"><span class="Apple-style-span" style="font-size: small;">$149,888</span></td> <td class="xl28"></td> </tr>
</tbody></table></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><a href="http://94501realestate.blogspot.com/p/bulletin-board.html">Check out the new Bulletin Board feature</a>: </span><span class="Apple-style-span" style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 20px;">If you have a local Alameda announcement</span><span class="Apple-style-span" style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 20px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> or something to sell in Alameda. Posting is at the sole discretion of the editor of 94501 Real Estate. Posting will be done nightly, so it may take up to 24 hours to appear on the bulletin board. Please include links if you have a page to direct people to. Email announcements and ads to <a href="http://94501RealEstate@gmail.com./" style="color: #cc3300; text-decoration: none;">94501RealEstate@Gmail.com.</a></span></span>Unknownnoreply@blogger.com23tag:blogger.com,1999:blog-8781346830430890268.post-45679052579411769362010-09-10T09:26:00.000-07:002010-09-10T09:42:36.362-07:00New Open House Section on 94501 Real EstateNow that Blogger allows you to create multiple pages, 94501 Real Estate has launched an Open Home section. <span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">Realtors to have an Open Home posted: Just email your posting to <a href="mailto:94501RealEstate@gmail.com">94501RealEstate@gmail.com</a> before 5 PM on Thursday.</span><br />
<br />
<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">Please include the date(s) and time of the open house along with the list price, address, beds, baths and square footage.If you have a link to the property please include the URL. </span><br />
<br />
<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">The only rules I have is that it must be an Alameda listing.</span><br />
<br />
<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">An additional feature: Bulletin Board</span><br />
<h3 class="post-title entry-title"> <a href="http://94501realestate.blogspot.com/p/bulletin-board.html">Bulletin Board</a> </h3><div class="post-header"> </div>If you have a local Alameda announcement<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;"> or something to sell in Alameda. Posting is at the sole discretion of the editor of 94501 Real Estate. Posting will be done nightly, so it may take up to 24 hours to appear on the bulletin board. Please include links if you have a page to direct people to. Email announcements and ads to <a href="http://94501RealEstate@gmail.com./">94501RealEstate@Gmail.com.</a></span><span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;"> </span>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-8781346830430890268.post-87896746553119208972010-09-09T06:30:00.000-07:002010-09-09T06:30:01.351-07:00Looking for a Bargain? See Alameda's Top 15<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In this current economic time everyone is looking for a bargain, so I thought I would give you Alameda's top 15 based on the percentage of price reduction.</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Looking at the list these homes have had anywhere between one and five reductions. The list contains both condos and single family homes, the interesting part is of the 37 distressed properties on the market only four are on the Top 15 list.</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The home with the largest reduction is </span><a href="http://www.realtor.com/realestateandhomes-detail/1213-Saint-Charles-St_Alameda_CA_94501_1118165601"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1213 Saint Charles</span></a><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> that saw the price $289,000 for almost a 21% reduction. This is a great looking home in the Gold Coast, but the seven figure price tag leaves it a tough buy for most.</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">My favorite is listed for $599,000, a 17% discount is </span><a href="http://www.realestate-bayarea.com/2837-MADISON-ST-ALAMEDA-CA~l16$40476474$RE_1"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2837 Madison.</span></a><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> It has four bedrooms and two and half baths, bay windows and wainscotting. A very nice home and a more moderate price.</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">If you are looking for a great starter place the condo at </span><a href="http://www.stevecressy.com/Alameda_listings/730D4976-E544-EE8B-23BB1C376607B659.shtml"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1170 9th Street </span></a><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">at $199,000 may be a good place to look for a deal. It is only one of two units offered at under $200,000. It is a one bedroom place, but if you like water it has a pool and is on the lagoon.</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">If you are looking for a single family residence there are a few to select from under $500,000. there are 20 single family residence with at least two bedrooms between $299,950 and $499,999. If you need more than two bedrooms the selection gets slim two three bedroom, two four bedroom and one five bedroom homes in this range.</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="color: red;"><b>Top 15 Bargains</b></span></span><br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 658px;"><col style="mso-width-alt: 3498; mso-width-source: userset;" width="82"></col> <col style="mso-width-alt: 3029; mso-width-source: userset;" width="71"></col> <col width="112"></col> <col style="mso-width-alt: 3669; mso-width-source: userset;" width="86"></col> <col width="112"></col> <col style="mso-width-alt: 8320; mso-width-source: userset;" width="195"></col> <tbody>
<tr height="14"> <td height="14" width="82"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">List Date</span></span></td> <td width="71"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Original List</span></span></td> <td width="112"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">New List Price</span></span></td> <td class="xl29" width="86"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">%</span></span></td> <td width="112"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Number of Reductions</span></span></td> <td width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Address</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40289.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">21-Apr-10</span></span></td> <td class="xl27" width="71" x:num="1.389E6"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$1,389,000</span></span></td> <td class="xl26" width="112" x:num="1.1E6"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $1,100,000 </span></span></td> <td class="xl31" x:num="0.791936645068394"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">79.19%</span></span></td> <td class="xl28" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1213 SAINT CHARLES ST</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40371.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">12-Jul-10</span></span></td> <td class="xl27" width="71" x:num="725000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$725,000</span></span></td> <td class="xl26" width="112" x:num="599000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $599,000 </span></span></td> <td class="xl31" x:num="0.826206896551724"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">82.62%</span></span></td> <td class="xl28" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2837 MADISON ST</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40302.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">04-May-10</span></span></td> <td class="xl27" width="71" x:num="300000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$300,000</span></span></td> <td class="xl26" width="112" x:num="249000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $249,000 </span></span></td> <td class="xl31" x:num="0.83"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">83.00%</span></span></td> <td class="xl28" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">965 SHOREPOINT CT #203</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40343.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">14-Jun-10</span></span></td> <td class="xl27" width="71" x:num="599900.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$599,900</span></span></td> <td class="xl26" width="112" x:num="499900.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $499,900 </span></span></td> <td class="xl31" x:num="0.833305550925154"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">83.33%</span></span></td> <td class="xl28" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2149 LINCOLN AVE</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40198.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">20-Jan-10</span></span></td> <td class="xl27" width="71" x:num="239000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$239,000</span></span></td> <td class="xl26" width="112" x:num="199900.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $199,900 </span></span></td> <td class="xl31" x:num="0.836401673640167"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">83.64%</span></span></td> <td class="xl28" x:num="5.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">5</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1170 9TH ST #13</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40200.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">22-Jan-10</span></span></td> <td class="xl27" width="71" x:num="285000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$285,000</span></span></td> <td class="xl26" width="112" x:num="240000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $240,000 </span></span></td> <td class="xl31" x:num="0.842105263157895"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">84.21%</span></span></td> <td class="xl28" x:num="3.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">3</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2209 OTIS DR #R</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40136.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">19-Nov-09</span></span></td> <td class="xl27" width="71" x:num="1.385E6"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$1,385,000</span></span></td> <td class="xl26" width="112" x:num="1.195E6"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $1,195,000 </span></span></td> <td class="xl31" x:num="0.862815884476534"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">86.28%</span></span></td> <td class="xl28" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1000 GRAND ST</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40350.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">21-Jun-10</span></span></td> <td class="xl27" width="71" x:num="1.39E6"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$1,390,000</span></span></td> <td class="xl26" width="112" x:num="1.2E6"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $1,200,000 </span></span></td> <td class="xl31" x:num="0.863309352517986"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">86.33%</span></span></td> <td class="xl28" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1831 SAN JOSE AVENUE</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40366.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">07-Jul-10</span></span></td> <td class="xl27" width="71" x:num="478900.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$478,900</span></span></td> <td class="xl26" width="112" x:num="418900.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $418,900 </span></span></td> <td class="xl31" x:num="0.874712883691794"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">87.47%</span></span></td> <td class="xl28" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">3201 OTIS DR</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40340.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">11-Jun-10</span></span></td> <td class="xl27" width="71" x:num="965000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$965,000</span></span></td> <td class="xl26" width="112" x:num="849000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $849,000 </span></span></td> <td class="xl31" x:num="0.87979274611399"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">87.98%</span></span></td> <td class="xl28" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1525 GIBBONS DRIVE</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40316.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">18-May-10</span></span></td> <td class="xl27" width="71" x:num="859000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$859,000</span></span></td> <td class="xl26" width="112" x:num="760000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $760,000 </span></span></td> <td class="xl31" x:num="0.884749708963911"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">88.47%</span></span></td> <td class="xl28" x:num="5.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">5</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">64 STEUBEN BAY</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40366.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">07-Jul-10</span></span></td> <td class="xl27" width="71" x:num="789000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$789,000</span></span></td> <td class="xl26" width="112" x:num="699000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $699,000 </span></span></td> <td class="xl31" x:num="0.885931558935361"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">88.59%</span></span></td> <td class="xl28" x:num="2.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">3125 BAYO VISTA AVE</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40375.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">16-Jul-10</span></span></td> <td class="xl27" width="71" x:num="544000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$544,000</span></span></td> <td class="xl26" width="112" x:num="484000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $484,000 </span></span></td> <td class="xl31" x:num="0.889705882352941"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">88.97%</span></span></td> <td class="xl28" x:num="1.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">108 PARFAIT LN</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40389.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">30-Jul-10</span></span></td> <td class="xl27" width="71" x:num="650000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$650,000</span></span></td> <td class="xl26" width="112" x:num="579000.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $579,000 </span></span></td> <td class="xl31" x:num="0.890769230769231"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">89.08%</span></span></td> <td class="xl28" x:num="1.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">1529 MOZART STREET</span></span></td> </tr>
<tr height="14"> <td class="xl30" height="14" width="82" x:num="40245.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">08-Mar-10</span></span></td> <td class="xl27" width="71" x:num="379950.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">$379,950</span></span></td> <td class="xl26" width="112" x:num="339950.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> $339,950 </span></span></td> <td class="xl31" x:num="0.894722989867088"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">89.47%</span></span></td> <td class="xl28" x:num="3.0"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">3</span></span></td> <td class="xl25" width="195"><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">2101 SHORELINE DR #262</span></span></td> </tr>
</tbody></table>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-8781346830430890268.post-90175977226192897652010-09-08T06:15:00.000-07:002010-09-08T06:15:00.268-07:00August Home Sales Take Big Chill<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> <!--StartFragment--> </span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><div class="MsoNormal"><span style="font-family: Arial;">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.<o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Arial;">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.<o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Arial;">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.<o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Arial;">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.<o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Arial;">Alameda Home Sales Graph from January 2009 to August 2010:<o:p></o:p></span></div><!--EndFragment--> </span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/_q4Caq8b-h_c/TIbuN2ZMgsI/AAAAAAAABh4/BCC4SEl74RA/s1600/AlamedaSales.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="331" src="http://4.bp.blogspot.com/_q4Caq8b-h_c/TIbuN2ZMgsI/AAAAAAAABh4/BCC4SEl74RA/s400/AlamedaSales.jpg" width="400" /></a></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="border-collapse: collapse;"> </span></span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="border-collapse: collapse;"></span></span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="border-collapse: collapse;"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 433px;"><col style="mso-width-alt: 4242; mso-width-source: userset;" width="116"></col> <col style="mso-width-alt: 5778; mso-width-source: userset;" width="158"></col> <col style="mso-width-alt: 2340; mso-width-source: userset;" width="64"></col> <col style="mso-width-alt: 3474; mso-width-source: userset;" width="95"></col> <tbody>
<tr height="17"> <td class="xl27" height="17" width="116"><span class="Apple-style-span" style="font-size: small;">Sale Date</span></td> <td class="xl27" width="158"><span class="Apple-style-span" style="font-size: small;">Address</span></td> <td class="xl27" style="text-align: right;" width="64"><span class="Apple-style-span" style="font-size: small;">zip</span></td> <td class="xl28" style="text-align: right;" width="95"><span class="Apple-style-span" style="font-size: small;">Sale Price</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40393.0"><span class="Apple-style-span" style="font-size: x-small;">03-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">234 SHEFFIELD RD</span></td> <td align="right" class="xl25" width="64" x:num="94502.0"><span class="Apple-style-span" style="font-size: x-small;">94502</span></td> <td align="right" class="xl26" width="95" x:num="855000.0"><span class="Apple-style-span" style="font-size: x-small;">$855,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40393.0"><span class="Apple-style-span" style="font-size: x-small;">03-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1801 VERSAILLES AVENUE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="850000.0"><span class="Apple-style-span" style="font-size: x-small;">$850,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40394.0"><span class="Apple-style-span" style="font-size: x-small;">04-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">2101 SHORELINE DR #461</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="365000.0"><span class="Apple-style-span" style="font-size: x-small;">$365,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40396.0"><span class="Apple-style-span" style="font-size: x-small;">06-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">983 PARK ST</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="409500.0"><span class="Apple-style-span" style="font-size: x-small;">$409,500</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40400.0"><span class="Apple-style-span" style="font-size: x-small;">10-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">119 CENTRAL AVENUE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="465000.0"><span class="Apple-style-span" style="font-size: x-small;">$465,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40400.0"><span class="Apple-style-span" style="font-size: x-small;">10-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1200 SAN ANTONIO AVE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="1.635E6"><span class="Apple-style-span" style="font-size: x-small;">$1,635,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40401.0"><span class="Apple-style-span" style="font-size: x-small;">11-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">608 FORTRESS ISLE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="790000.0"><span class="Apple-style-span" style="font-size: x-small;">$790,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40401.0"><span class="Apple-style-span" style="font-size: x-small;">11-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1825 NASON ST</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="390000.0"><span class="Apple-style-span" style="font-size: x-small;">$390,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40402.0"><span class="Apple-style-span" style="font-size: x-small;">12-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">2615 WASHINGTON ST</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="525000.0"><span class="Apple-style-span" style="font-size: x-small;">$525,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40402.0"><span class="Apple-style-span" style="font-size: x-small;">12-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">3402 REDHOOK LN</span></td> <td align="right" class="xl25" width="64" x:num="94502.0"><span class="Apple-style-span" style="font-size: x-small;">94502</span></td> <td align="right" class="xl26" width="95" x:num="425000.0"><span class="Apple-style-span" style="font-size: x-small;">$425,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40402.0"><span class="Apple-style-span" style="font-size: x-small;">12-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1712 THIRD STREET #305</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="265000.0"><span class="Apple-style-span" style="font-size: x-small;">$265,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40402.0"><span class="Apple-style-span" style="font-size: x-small;">12-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">2935 SOUTHWOOD DR</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="1.2E6"><span class="Apple-style-span" style="font-size: x-small;">$1,200,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40403.0"><span class="Apple-style-span" style="font-size: x-small;">13-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1516 FIFTH STREET</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="678000.0"><span class="Apple-style-span" style="font-size: x-small;">$678,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40403.0"><span class="Apple-style-span" style="font-size: x-small;">13-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">2015 LINCOLN AVE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="530000.0"><span class="Apple-style-span" style="font-size: x-small;">$530,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40403.0"><span class="Apple-style-span" style="font-size: x-small;">13-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1713 EAGLE AVE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="500000.0"><span class="Apple-style-span" style="font-size: x-small;">$500,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40403.0"><span class="Apple-style-span" style="font-size: x-small;">13-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1001 SHORELINE DR #108</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="419300.0"><span class="Apple-style-span" style="font-size: x-small;">$419,300</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40407.0"><span class="Apple-style-span" style="font-size: x-small;">17-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">410 MARSHALL WAY</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="470000.0"><span class="Apple-style-span" style="font-size: x-small;">$470,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40407.0"><span class="Apple-style-span" style="font-size: x-small;">17-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1001 SHORELINE DR #406</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="412000.0"><span class="Apple-style-span" style="font-size: x-small;">$412,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40408.0"><span class="Apple-style-span" style="font-size: x-small;">18-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">965 SHOREPOINT CT #222</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="298000.0"><span class="Apple-style-span" style="font-size: x-small;">$298,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40410.0"><span class="Apple-style-span" style="font-size: x-small;">20-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">356 ANDERSON RD</span></td> <td align="right" class="xl25" width="64" x:num="94502.0"><span class="Apple-style-span" style="font-size: x-small;">94502</span></td> <td align="right" class="xl26" width="95" x:num="960000.0"><span class="Apple-style-span" style="font-size: x-small;">$960,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40410.0"><span class="Apple-style-span" style="font-size: x-small;">20-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">2778 SHANER DR</span></td> <td align="right" class="xl25" width="64" x:num="94502.0"><span class="Apple-style-span" style="font-size: x-small;">94502</span></td> <td align="right" class="xl26" width="95" x:num="607500.0"><span class="Apple-style-span" style="font-size: x-small;">$607,500</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40410.0"><span class="Apple-style-span" style="font-size: x-small;">20-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">534 QUEENS ROAD</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="578000.0"><span class="Apple-style-span" style="font-size: x-small;">$578,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40410.0"><span class="Apple-style-span" style="font-size: x-small;">20-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">950 SHOREPOINT CT #216</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="185000.0"><span class="Apple-style-span" style="font-size: x-small;">$185,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40413.0"><span class="Apple-style-span" style="font-size: x-small;">23-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">2845 ENCINAL AVE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="638000.0"><span class="Apple-style-span" style="font-size: x-small;">$638,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40413.0"><span class="Apple-style-span" style="font-size: x-small;">23-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">837 PACIFIC AVE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="455000.0"><span class="Apple-style-span" style="font-size: x-small;">$455,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40417.0"><span class="Apple-style-span" style="font-size: x-small;">27-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1 STONE HBR</span></td> <td align="right" class="xl25" width="64" x:num="94502.0"><span class="Apple-style-span" style="font-size: x-small;">94502</span></td> <td align="right" class="xl26" width="95" x:num="780000.0"><span class="Apple-style-span" style="font-size: x-small;">$780,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40417.0"><span class="Apple-style-span" style="font-size: x-small;">27-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1305 HANSEN AVE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="776000.0"><span class="Apple-style-span" style="font-size: x-small;">$776,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40417.0"><span class="Apple-style-span" style="font-size: x-small;">27-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">2157 SAN ANTONIO AVE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="745000.0"><span class="Apple-style-span" style="font-size: x-small;">$745,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40417.0"><span class="Apple-style-span" style="font-size: x-small;">27-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1555 SANTA CLARA AVE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="565000.0"><span class="Apple-style-span" style="font-size: x-small;">$565,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40420.0"><span class="Apple-style-span" style="font-size: x-small;">30-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1809 KOFMAN PARKWAY</span></td> <td align="right" class="xl25" width="64" x:num="94502.0"><span class="Apple-style-span" style="font-size: x-small;">94502</span></td> <td align="right" class="xl26" width="95" x:num="838000.0"><span class="Apple-style-span" style="font-size: x-small;">$838,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40420.0"><span class="Apple-style-span" style="font-size: x-small;">30-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">1312 SAN ANTONIO AVE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="650000.0"><span class="Apple-style-span" style="font-size: x-small;">$650,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40421.0"><span class="Apple-style-span" style="font-size: x-small;">31-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">236 RATTO RD.</span></td> <td align="right" class="xl25" width="64" x:num="94502.0"><span class="Apple-style-span" style="font-size: x-small;">94502</span></td> <td align="right" class="xl26" width="95" x:num="879000.0"><span class="Apple-style-span" style="font-size: x-small;">$879,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40421.0"><span class="Apple-style-span" style="font-size: x-small;">31-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">632 ARLINGTON ISLE</span></td> <td align="right" class="xl25" width="64" x:num="94501.0"><span class="Apple-style-span" style="font-size: x-small;">94501</span></td> <td align="right" class="xl26" width="95" x:num="705000.0"><span class="Apple-style-span" style="font-size: x-small;">$705,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40421.0"><span class="Apple-style-span" style="font-size: x-small;">31-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">22 BRITT COURT</span></td> <td align="right" class="xl25" width="64" x:num="94502.0"><span class="Apple-style-span" style="font-size: x-small;">94502</span></td> <td align="right" class="xl26" width="95" x:num="620000.0"><span class="Apple-style-span" style="font-size: x-small;">$620,000</span></td> </tr>
<tr height="14"> <td class="xl24" height="14" width="116" x:num="40421.0"><span class="Apple-style-span" style="font-size: x-small;">31-Aug-10</span></td> <td class="xl25" width="158"><span class="Apple-style-span" style="font-size: x-small;">3523 OLEANDER AVE</span></td> <td align="right" class="xl25" width="64" x:num="94502.0"><span class="Apple-style-span" style="font-size: x-small;">94502</span></td> <td align="right" class="xl26" width="95" x:num="375000.0"><span class="Apple-style-span" style="font-size: x-small;">$375,000</span></td> </tr>
<tr height="14"> <td height="14"></td> <td class="xl30" width="158"><span class="Apple-style-span" style="font-size: x-small;">Median</span></td> <td></td> <td align="right" class="xl29" x:num="578000.0"><span class="Apple-style-span" style="font-size: x-small;">$578,000</span></td> </tr>
<tr height="14"> <td height="14"></td> <td class="xl30" width="158"><span class="Apple-style-span" style="font-size: x-small;">Average</span></td> <td></td> <td align="right" class="xl29" x:num="623951.4285714285"><span class="Apple-style-span" style="font-size: x-small;">$623,951</span></td> </tr>
</tbody></table></span></span><br />
<br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">For More Detail</span><br />
<a href="http://www.scribd.com/doc/37075130/August-2010-Sales" style="-x-system-font: none; display: block; font-family: Helvetica,Arial,Sans-serif; font-size-adjust: none; font-size: 14px; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal; margin: 12px auto 6px auto; text-decoration: underline;" title="View August 2010 Sales on Scribd">August 2010 Sales</a> <object data="http://d1.scribdassets.com/ScribdViewer.swf" height="500" id="doc_459188711511489" name="doc_459188711511489" rel="media:presentation" resource="http://d1.scribdassets.com/ScribdViewer.swf?document_id=37075130&access_key=key-1xz03uwovfjuyvg43bn8&page=1&viewMode=list" style="outline: none;" type="application/x-shockwave-flash" width="100%"> <param name="movie" value="http://d1.scribdassets.com/ScribdViewer.swf"><param name="wmode" value="opaque"><param name="bgcolor" value="#ffffff"><param name="allowFullScreen" value="true"><param name="allowScriptAccess" value="always"><param name="FlashVars" value="document_id=37075130&access_key=key-1xz03uwovfjuyvg43bn8&page=1&viewMode=list"><embed id="doc_459188711511489" name="doc_459188711511489" src="http://d1.scribdassets.com/ScribdViewer.swf?document_id=37075130&access_key=key-1xz03uwovfjuyvg43bn8&page=1&viewMode=list" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="500" width="100%" wmode="opaque" bgcolor="#ffffff"></embed> </object>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-8781346830430890268.post-76869971771031581442010-09-07T06:30:00.000-07:002010-09-07T06:30:00.753-07:00Alameda Inventory: 31-Percent Growth Over Last Year<span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; color: #333333; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alameda home inventory has been steadily growing since the beginning of the year, when the Island was well below a 100 units of housing for sale. Over the past eight months inventory seem to be stuck in the 130 range, but began to grow again and with the end of the Federal tax credit, and the traditional selling season.</span></span><div><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; color: #333333; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span></span></div><div><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; color: #333333; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Since both of those milestones have passed it is good to reflect back and see how the market has changed.</span></span><div><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; color: #333333; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span></span></div><div><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; color: #333333; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Enter the Fall of 2009, there was a downward trend in inventory after peaking in July and bottoming at 131 units during the first week of September. The lack of inventory continued well into 2010 and lag for most of the year.</span></span></div><div><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; color: #333333; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span></span></div><div><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; color: #333333; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Inventory is now at 185 units, this is a growth of of 31-percent from September 2009. The largest growth came in the condominium market that more than doubled. The condo market has struggled over the past two years as evident with 11 condos listed at $250,000 or below. Three of those units are in the Park Webster complex at the foot of Webster Street. The Woodstock Coop (townhouse) also has two listed under the $250,000.</span></span></div><div><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; color: #333333; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span></span></div><div><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; color: #333333; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The distressed market has also grown over the past year. The most concerning is the growth of Short Sales. Short Sales is the seller's attempt to sell the home for less than they owe on the property. The number of short sales double from the prior year. The properties range from $149,888 to $720,000.</span></span></div><div><span class="Apple-style-span" style="color: #333333; font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; line-height: 18px;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> </span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 434px;"><!--StartFragment--> <col style="mso-width-alt: 6400; mso-width-source: userset;" width="175"></col> <col span="2" style="mso-width-alt: 3364; mso-width-source: userset;" width="92"></col> <col width="75"></col> <tbody>
<tr height="15"> <td class="xl26" height="15" width="175"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 434px;"><!--StartFragment--> <col style="mso-width-alt: 6400; mso-width-source: userset;" width="175"></col> <col span="2" style="mso-width-alt: 3364; mso-width-source: userset;" width="92"></col> <col width="75"></col> <tbody>
<tr height="15"> <td class="xl26" height="15" width="175">Date: Septemer 6, 2010</td> <td align="right" class="xl30" width="92" x:num="38960.0">Sep-10</td> <td align="right" class="xl30" width="92" x:num="38595.0">Sep-09</td> <td class="xl32" style="text-align: right;" width="75">Change</td> </tr>
<tr height="15"> <td class="xl24" height="15">Total Inventory</td> <td align="right" class="xl24" x:num="185.0">185</td> <td align="right" class="xl24" x:num="131.0">131</td> <td align="right" class="xl24" x:num="54.0">54</td> </tr>
<tr height="15"> <td class="xl27" height="15" x:num="94501.0">94501</td> <td align="right" class="xl24" x:num="140.0">140</td> <td align="right" class="xl24" x:num="104.0">104</td> <td align="right" class="xl24" x:num="36.0">36</td> </tr>
<tr height="15"> <td class="xl27" height="15" x:num="94502.0">94502</td> <td align="right" class="xl24" x:num="45.0">45</td> <td align="right" class="xl24" x:num="27.0">27</td> <td align="right" class="xl24" x:num="18.0">18</td> </tr>
<tr height="15"> <td class="xl24" height="15">Single Family</td> <td align="right" class="xl24" x:num="99.0">99</td> <td align="right" class="xl24" x:num="86.0">86</td> <td align="right" class="xl24" x:num="13.0">13</td> </tr>
<tr height="15"> <td class="xl24" height="15">Condos</td> <td align="right" class="xl24" x:num="55.0">55</td> <td align="right" class="xl24" x:num="26.0">26</td> <td align="right" class="xl24" x:num="29.0">29</td> </tr>
<tr height="15"> <td class="xl24" height="15">Multi-Family</td> <td align="right" class="xl24" x:num="29.0">29</td> <td align="right" class="xl24" x:num="17.0">17</td> <td align="right" class="xl24" x:num="12.0">12</td> </tr>
<tr height="15"> <td class="xl24" height="15">Foreclosure</td> <td align="right" class="xl24" x:num="17.0">17</td> <td align="right" class="xl24" x:num="12.0">12</td> <td align="right" class="xl24" x:num="5.0">5</td> </tr>
<tr height="15"> <td class="xl24" height="15">Short Sale</td> <td align="right" class="xl24" x:num="22.0">21</td> <td align="right" class="xl24" x:num="10.0">10</td> <td align="right" class="xl24" x:num="12.0">11</td> </tr>
<tr height="15"> <td class="xl24" height="15">Price Reduced</td> <td align="right" class="xl24" x:num="72.0">72</td> <td align="right" class="xl24" x:num="47.0">47</td> <td align="right" class="xl24" x:num="25.0">25</td> </tr>
<tr height="15"> <td class="xl24" height="15">% of Price Reduced</td> <td align="right" class="xl25" x:num="0.389189189189189">38.92%</td> <td align="right" class="xl25" x:num="0.358778625954198">35.88%</td> <td align="right" class="xl31" x:num="0.0304105632349907">3.04%</td> </tr>
<tr height="15"> <td class="xl24" height="15">High List</td> <td align="right" class="xl29" x:num="1.835E6"><span style="mso-spacerun: yes;"> </span>$1,835,000 </td> <td align="right" class="xl28" x:num="1.899E6"><span style="mso-spacerun: yes;"> </span>$1,899,000 </td> <td class="xl24"></td> </tr>
<tr height="15"> <td class="xl24" height="15">Low List</td> <td align="right" class="xl28" x:num="149888.0"><span style="mso-spacerun: yes;"> </span>$149,888 </td> <td align="right" class="xl28" x:num="204900.0"><span style="mso-spacerun: yes;"> </span>$204,900 </td> <td class="xl24"></td> </tr>
<!--EndFragment--> </tbody></table></td><td align="right" class="xl30" width="92" x:num="38960.0"><br />
</td><td align="right" class="xl30" width="92" x:num="38595.0"><br />
</td><td class="xl32" style="text-align: right;" width="75"><br />
</td></tr>
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Note: The inventory includes to parcels of land for sale. </span></div></div>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-8781346830430890268.post-22456364170921463802010-02-16T14:07:00.000-08:002010-02-16T14:35:29.208-08:00Alameda Real Estate: Odds, Ends and Inventory<span style="font-family:arial;">Just a quick post today. The Alameda home inventory is down from the prior two weeks, and if you look at the chart below you can see the steep decline since July. If this was a ski slope it would be a lots of fun, but this line just makes the market sluggish.</span><br /><span style="font-family:Arial;"></span><span style="font-family:arial;"><br /></span><a title="Inventory_Feb_15_10 by John Oldham, on Flickr" href="http://www.flickr.com/photos/john-alameda/4362980827/"><img alt="Inventory_Feb_15_10" src="http://farm5.static.flickr.com/4029/4362980827_e2519f9bd6.jpg" width="500" height="368" /></a><br /><br /><span style="font-family:arial;">The market add three new foreclosures this past week</span><span style="font-family:arial;"> and you can see that distressed properties make up almost 30 percent of the Island's inventory. Distressed properties have made up 25 percent of the market since November. I think that this trend is going to continue most of this year.<br /></span><br /><a title="Percent of Distressed by John Oldham, on Flickr" href="http://www.flickr.com/photos/john-alameda/4362980887/"><img alt="Percent of Distressed" src="http://farm3.static.flickr.com/2713/4362980887_5c1541998f.jpg" width="500" height="317" /></a><br /><br /><style>.tblGenFixed td {padding:0 3px;overflow:hidden;white-space:normal;letter-spacing:0;word-spacing:0;background-color:#fff;z-index:1;border-top:0px none;border-left:0px none;border-bottom:1px solid #CCC;border-right:1px solid #CCC;} .dn {display:none} .tblGenFixed td.s0 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s2 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{background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s7 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s8 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s5 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s6 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s3 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s10 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s4 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s11 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} </style><br /><span style="font-family:arial;">The inventory for week shows that single family residence are still below 60 units. Of the 56 units for sale 16 of those properties are either a short sale or foreclosure; this is 29 percent of the inventory. If you are looking on Bay Farm the inventory 25 units, so buyers do not have much selection.</span><br /><span style="font-family:Arial;"></span><br /><span style="font-family:Arial;">I would expect a bit of a sales run as the Federal Tax Credit comes to a close in April (buyers need to be in contract by April 30, 2010) on lower end properties that would fit the income limits for buyers. Until the market gains new inventory prices will be low and sales will be slow.</span><br /><span style="font-family:Arial;"></span><br /><span style="font-family:Arial;"><strong>Alameda Inventory: February 12, 2010</strong></span><br /><table id="tblMain" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table id="tblMain_0" class="tblGenFixed" border="0" cellspacing="0" cellpadding="0"><tbody><tr class="rShim"><td style="WIDTH: 0px" class="rShim"><td style="WIDTH: 112px" class="rShim"><td style="WIDTH: 120px" class="rShim"><td style="WIDTH: 120px" class="rShim"><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s0"><td class="s1"><br /><td class="s2"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">2/15/2010 <td class="s4"><br /><td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Total <td class="s6">109 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94501 <td class="s6">84 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94502 <td class="s6">25 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">SFR <td class="s6">56 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Condo <td class="s6">32 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Multi-Family <td class="s6">19 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Short Sale <td class="s6">18 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Foreclosure <td class="s7">14 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Price Reductions <td class="s8">32 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">High List <td class="s10">$1,999,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">Low List <td class="s10">$199,900 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s11"><br /><td class="s12"><td></td></tr></tbody></table></td></tr></tbody></table>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-8781346830430890268.post-15397019074591337292010-02-08T15:00:00.000-08:002010-02-08T15:23:59.466-08:00Increase in Single Family Homes For Sale<span style="font-family:arial;">This week the Alameda Real Estate Inventory showed a niced increase with an additional nine units for sale. The increase in Single Family Residences was the most positive part of the increase in inventory.</span><br /><p><span style="font-family:arial;">The SFR market was below 60 units for the past seven weeks, so any bump even a small one is encouraging. Since most of the Island's housing stock is SFRs then an increase in this category is good for the current market, which has been suffering from a lack of inventory. There are 11 news single family listing since last Monday. </span></p><p><span style="font-family:arial;"><strong>New Listings</strong></span><span style="font-family:arial;"><br /><br /></p></span><style>.tblGenFixed td {padding:0 3px;overflow:hidden;white-space:normal;letter-spacing:0;word-spacing:0;background-color:#fff;z-index:1;border-top:0px none;border-left:0px none;border-bottom:1px solid #CCC;border-right:1px solid #CCC;} .dn {display:none} .tblGenFixed td.s0 {background-color:white;font-family:arial,sans,sans-serif;font-size:70.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} .tblGenFixed td.s2 {background-color:white;font-family:arial,sans,sans-serif;font-size:70.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} .tblGenFixed td.s1 {background-color:white;font-family:arial,sans,sans-serif;font-size:70.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s5 {background-color:white;font-family:arial,sans,sans-serif;font-size:70.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s3 {background-color:white;font-family:arial,sans,sans-serif;font-size:70.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s4 {background-color:white;font-family:arial,sans,sans-serif;font-size:70.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} </style><br /><p><table id="tblMain" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table id="tblMain_0" class="tblGenFixed" border="0" cellspacing="0" cellpadding="0"><tbody><tr class="rShim"><td style="WIDTH: 0px" class="rShim"><td style="WIDTH: 45px" class="rShim"><td style="WIDTH: 47px" class="rShim"><td style="WIDTH: 127px" class="rShim"><td style="WIDTH: 27px" class="rShim"><td style="WIDTH: 31px" class="rShim"><td style="WIDTH: 38px" class="rShim"><td style="WIDTH: 40px" class="rShim"><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s0">List Date <td class="s1">List Price <td class="s1">Adress <td class="s1">Beds <td class="s1">Baths <td class="s1">Sq Feet <td class="s1">Type<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/5/2010 <td class="s3">$648,000 <td class="s4">336 LINA AVENUE <td class="s5">4 <td class="s5">3.5 <td class="s5">3150 <td class="s4">SFR<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/5/2010 <td class="s3">$549,000 <td class="s4">2015 BUENA VISTA AVENUE <td class="s5">2 <td class="s5">1 <td class="s5">1318 <td class="s4">SFR<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/5/2010 <td class="s3">$619,900 <td class="s4">404 KITTY HAWK RD <td class="s5">3 <td class="s5">2 <td class="s5">1438 <td class="s4">SFR<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/5/2010 <td class="s3">$430,000 <td class="s4">3116 LA CRESTA <td class="s5">3 <td class="s5">2.5 <td class="s5">1628 <td class="s4">TNHS<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/4/2010 <td class="s3">$450,000 <td class="s4">2017 LINCOLN AVENUE <td class="s5">3 <td class="s5">2.5 <td class="s5">1443 <td class="s4">SFR<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/4/2010 <td class="s3">$639,000 <td class="s4">404 CAMDEN RD <td class="s5">3 <td class="s5">2 <td class="s5">1503 <td class="s4">SFR<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/4/2010 <td class="s3">$698,000 <td class="s4">227 INVERNESS CT <td class="s5">3 <td class="s5">2.5 <td class="s5">1891 <td class="s4">SFR<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/3/2010 <td class="s3">$565,000 <td class="s4">7 KINGSBURY COURT <td class="s5">2 <td class="s5">3.5 <td class="s5">1503 <td class="s4">CONDO<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/3/2010 <td class="s3">$470,000 <td class="s4">3037 LINDA VI <td class="s5">3 <td class="s5">2.5 <td class="s5">1628 <td class="s4">TNHS<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/2/2010 <td class="s3">$354,900 <td class="s4">1819 UNION ST <td class="s5">2 <td class="s5">1 <td class="s5">997 <td class="s4">SFR<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/1/2010 <td class="s3">$250,000 <td class="s4">1825 SHORELINE DR #112 <td class="s5">1 <td class="s5">1 <td class="s5">621 <td class="s4">CONDO<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/1/2010 <td class="s3">$517,000 <td class="s4">1618 6TH ST <td class="s5">2 <td class="s5">2 <td class="s5">1422 <td class="s4">SFR<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/1/2010 <td class="s3">$310,000 <td class="s4">447 LINCOLN AVE <td class="s5">2 <td class="s5">1 <td class="s5">722 <td class="s4">SFR<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/1/2010 <td class="s3">$1,300,000 <td class="s4">2809 SEA VIEW PKWY <td class="s5">5 <td class="s5">3 <td class="s5">2744 <td class="s4">SFR<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s2">2/1/2010 <td class="s3">$779,000 <td class="s4">105 SHEFFIELD RD <td class="s5">4 <td class="s5">2 <td class="s5">1954 <td class="s4">SFR<br /></td></tr></tbody></table></td></tr></tbody></table></p><p>Overall, Inventory still remains low, but relative to the the current sales levels it may be an appropriate level of housing stock until more buyers come to the market. This is the proverbial chicken and egg; in this case buyer and seller. More people will sell when they have people to buy and buyers will buy when there is something that fits their needs to buy.</p><span style="font-family:arial;"><p>A shift needs to happen to shake the market loose, but until then I will just continue to monitor the numbers.<br /><br /></span><span style="font-family:arial;"><strong><u>Alameda Inventory February 8, 2010</u></strong><br /><br /></span><span style="font-family:arial;"><style>.tblGenFixed td {padding:0 3px;overflow:hidden;white-space:normal;letter-spacing:0;word-spacing:0;background-color:#fff;z-index:1;border-top:0px none;border-left:0px none;border-bottom:1px solid #CCC;border-right:1px solid #CCC;} .dn {display:none} .tblGenFixed td.s0 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid 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{background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s9 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s7 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s8 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s5 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s6 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s3 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s10 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s4 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s11 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} </style><br /></p></span><p><table id="tblMain" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table id="tblMain_0" class="tblGenFixed" border="0" cellspacing="0" cellpadding="0"><tbody><tr class="rShim"><td style="WIDTH: 0px" class="rShim"><td style="WIDTH: 112px" class="rShim"><td style="WIDTH: 120px" class="rShim"><td style="WIDTH: 120px" class="rShim"><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s0"><td class="s1"><br /><td class="s2"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">2/8/2010 <td class="s4"><br /><td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Total <td class="s6">113 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94501 <td class="s6">89 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94502 <td class="s6">24 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">SFR <td class="s6">61 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Condo <td class="s6">31 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Multi-Family <td class="s6">19 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Short Sale <td class="s6">18 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Foreclosure <td class="s7">11 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Price Reductions <td class="s8">29 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">High List <td class="s10">$1,999,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">Low List <td class="s10">$188,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s11"><br /><td class="s12"><td></td></tr></tbody></table></td></tr></tbody></table></p><p><br /></p>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-8781346830430890268.post-74510095547728290292010-02-05T06:12:00.000-08:002010-02-05T06:12:00.179-08:00Alameda Snapshot: Empty Again<span style="font-family:arial;">It appears that the New Zealander has closed leaving the historic Croll's building empty again. Here is an Alameda Snapshot of the beautiful stain glass incorporated in the building.</span><br /><br /><br /><a title="Croll's Stainglass by John Oldham, on Flickr" href="http://www.flickr.com/photos/john-alameda/2106524843/"><img alt="Croll's Stainglass" src="http://farm3.static.flickr.com/2326/2106524843_ae63e602a7.jpg" width="500" height="334" /></a>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-8781346830430890268.post-27927583964927019902010-02-04T10:29:00.000-08:002010-02-04T10:36:42.417-08:00January A Fizzle For Home Sales<span style="font-family:arial;">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. </span><br /><p><span style="font-family:arial;">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.</span><br /><span style="font-family:arial;"><br /><a title="Jan2010Sales by John Oldham, on Flickr" href="http://www.flickr.com/photos/john-alameda/4330107425/"><img alt="Jan2010Sales" src="http://farm5.static.flickr.com/4016/4330107425_04d711e398.jpg" width="500" height="319" /></a><a title="Jan2010Sales by John Oldham, on Flickr" href="http://www.flickr.com/photos/john-alameda/4330107425/"></a><br /><br />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.<br /><br />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.</span><br /></p><p><span style="font-family:arial;"><strong>January 2010 Alameda Home Sales</strong></span><br /></p><style>.tblGenFixed td {padding:0 3px;overflow:hidden;white-space:normal;letter-spacing:0;word-spacing:0;background-color:#fff;z-index:1;border-top:0px none;border-left:0px none;border-bottom:1px solid #CCC;border-right:1px solid #CCC;} .dn {display:none} .tblGenFixed td.s0 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s2 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s1 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s16 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s9 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s12 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s13 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s7 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s14 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} .tblGenFixed td.s15 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid #CCC;} .tblGenFixed td.s8 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} .tblGenFixed td.s5 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s6 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s10 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid #CCC;} .tblGenFixed td.s3 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s11 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s4 {background-color:white;font-family:arial,sans,sans-serif;font-size:80.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} </style><br /><table id="tblMain" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table id="tblMain_0" class="tblGenFixed" border="0" cellspacing="0" cellpadding="0"><tbody><tr class="rShim"><td style="WIDTH: 0px" class="rShim"><td style="WIDTH: 61px" class="rShim"><td style="WIDTH: 161px" class="rShim"><td style="WIDTH: 44px" class="rShim"><td style="WIDTH: 57px" class="rShim"><td style="WIDTH: 57px" class="rShim"><td style="WIDTH: 35px" class="rShim"><td style="WIDTH: 120px" class="rShim"><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s0">Sales Date <td class="s1">Address <td class="s1">Type <td class="s1">List Price <td class="s1">Sale Price <td class="s1">%<br /><td class="s2"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/5/2010 <td class="s4">1041 CAMINO DEL VALLE <td class="s4">TNH <td class="s5">$365,000 <td class="s5">$378,000 <td class="s6">104% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/6/2010 <td class="s4">1428 UNION ST <td class="s4">SFR <td class="s5">$825,000 <td class="s5">$801,000 <td class="s6">97% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/6/2010 <td class="s4">1533 MOZART ST <td class="s4">SFR <td class="s5">$350,000 <td class="s5">$335,000 <td class="s6">96% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/8/2010 <td class="s4">1547 B SANTA CLARA AVE <td class="s4">SFR <td class="s5">$575,000 <td class="s5">$530,000 <td class="s6">92% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/8/2010 <td class="s4">2815 OTIS DR <td class="s4">SFR <td class="s5">$459,000 <td class="s5">$426,000 <td class="s6">93% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/8/2010 <td class="s4">2031 OTIS DR #F <td class="s4">CONDO <td class="s5">$279,900 <td class="s5">$285,000 <td class="s6">102% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/8/2010 <td class="s4">16 CALLAN PL <td class="s4">SFR <td class="s5">$1,850,000 <td class="s5">$1,795,000 <td class="s6">97% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/12/2010 <td class="s4">1367 HANSEN AVE <td class="s4">SFR <td class="s5">$679,000 <td class="s5">$679,000 <td class="s6">100% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/12/2010 <td class="s4">1560 LINCOLN UNIT C <td class="s4">SFR <td class="s5">$230,900 <td class="s5">$210,000 <td class="s6">91% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/13/2010 <td class="s4">653 CENTRE COURT <td class="s4">TNH <td class="s5">$479,000 <td class="s5">$483,600 <td class="s6">101% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/13/2010 <td class="s4">1825 SHORELINE DRIVE #213 <td class="s4">CONDO <td class="s5">$239,000 <td class="s5">$245,000 <td class="s6">103% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/15/2010 <td class="s4">2140 CLINTON AVE. <td class="s4">MFR <td class="s5">$995,000 <td class="s5">$880,000 <td class="s6">88% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/15/2010 <td class="s4">1554 4TH ST <td class="s4">SFR <td class="s5">$499,000 <td class="s5">$530,000 <td class="s6">106% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/15/2010 <td class="s4">801 PARK STREET <td class="s4">SFR <td class="s5">$509,900 <td class="s5">$490,000 <td class="s6">96% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/15/2010 <td class="s4">430 COLA BALLENA #C <td class="s4">CONDO <td class="s5">$484,000 <td class="s5">$472,000 <td class="s6">98% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/26/2010 <td class="s4">2031 OTIS DR #G <td class="s4">CONDO <td class="s5">$215,000 <td class="s5">$210,000 <td class="s6">98% <td class="s7"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s8"><td class="s9"><td class="s10"><td class="s4">Median <td class="s11">$477,800 <td class="s12"><br /><td class="s13"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s14"><td class="s13"><td class="s15"><td class="s4">Average <td class="s11">$546,850 <td class="s16"><br /><td class="s13"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s14"><td class="s13"><td class="s13"><td class="s9"><td class="s9"><td class="s13"><td class="s13"></td></tr></tbody></table></td></tr></tbody></table>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8781346830430890268.post-20440230626394860332010-02-01T13:29:00.000-08:002010-02-01T14:03:46.353-08:00Alameda Landmark Now A Short Sale<span style="font-family:arial;">Sorry about the lack of posts last week, but have been under the weather and did not feel much like writing.</span><br /><span style="font-family:arial;"></span><br /><span style="font-family:arial;">Here is today's home inventory for Alameda and the data shows a nice upswing in inventory this week. In total the Island is up 11 more units than last week, but there is a concerning underlying element in the numbers that is cause for concern.</span><br /><p><span style="font-family:arial;">Five of the 11 units for sale are distressed properties; our of the properties are short sales. If this trend holds it is a sign that people are continuing to struggle with their mortgages and can not hold on at the current rate.</span></p><p><span style="font-family:arial;">Three of the four short sale listings add this week were townhome/condos. The only exception is The Webster House at 1238 Versailles Avenue. Built in 1854 this is a City landmark and now a victim of the housing downturn. According to the listing comment it is a: Historical gem currently used as a bed & breakfast & tea house (business being sold separately). Fully remodeled w/ commercial kitchen & charming touches throughout. Large grounds, set far back from the street w/ great curb appeal.</span><br /><br /><a title="The Webster House by John Oldham, on Flickr" href="http://www.flickr.com/photos/john-alameda/3075226205/"><img alt="The Webster House" src="http://farm4.static.flickr.com/3185/3075226205_be15c9c76f.jpg" width="500" height="334" /></a><br /><span style="font-family:arial;"></span></p><p><span style="font-family:arial;">Distressed properties are 35 percent of Alameda's inventory. Inventory growth is a good thing given the City has less than three months of it, but at the cost of others losing their property this can have other social impact.</span></p><p><span style="font-family:arial;"><strong></strong></span> </p><p><span style="font-family:arial;"><strong>Alameda Inventory -- February 1, 2010</strong></span> <style>.tblGenFixed td {padding:0 3px;overflow:hidden;white-space:normal;letter-spacing:0;word-spacing:0;background-color:#fff;z-index:1;border-top:0px none;border-left:0px none;border-bottom:1px solid #CCC;border-right:1px solid #CCC;} .dn {display:none} .tblGenFixed td.s0 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s2 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s1 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s12 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s9 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s7 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s8 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s5 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s6 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s3 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s10 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s4 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s11 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} </style></p><p><table id="tblMain" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table id="tblMain_0" class="tblGenFixed" border="0" cellspacing="0" cellpadding="0"><tbody><tr class="rShim"><td style="WIDTH: 0px" class="rShim"><td style="WIDTH: 112px" class="rShim"><td style="WIDTH: 120px" class="rShim"><td style="WIDTH: 120px" class="rShim"><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s0"><td class="s1"><br /><td class="s2"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">2/1/2010 <td class="s4"><br /><td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Total <td class="s6">104 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94501 <td class="s6">82 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94502 <td class="s6">22 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">SFR <td class="s6">54 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Condo <td class="s6">29 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Multi-Family <td class="s6">19 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Short Sale <td class="s6">19 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Foreclosure <td class="s7">10 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Price Reductions <td class="s8">28 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">High List <td class="s10">$1,999,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">Low List <td class="s10">$188,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s11"><br /><td class="s12"><td></td></tr></tbody></table></td></tr></tbody></table></p>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-8781346830430890268.post-7039389168310153292010-01-25T11:39:00.000-08:002010-01-25T11:42:42.064-08:00December Existing-Home Sales Down but Prices Rise; 2009 Sales Up<span style="font-family:arial;">Some very sobering news from the National Association of Realtors® today, after a rising surge in sales due to the November deadline for the tax credit in September through November, existing-home sales fell as expected in December. First-time buyers rushed to take advantage of the tax credit and created a nice surge in sales in the prior three months.<br /><br />In Alameda, we saw real estate sales follow the same pattern as the National trend. The Island’s sales peaked in October with 75 sales. September through November accounted for 168 of Alameda’s 491 sales for last year; 34 percent.<br /><br />NAR reports prices rose from December 2008 and annual sales improved in 2009. This was also true for Alameda. Alameda reported an 85 percent increase in year-over-year sales for the month and a $4,000 increase in the median home price. Alameda’s median home price for December was $569,000.<br /><br />Nationally, NAR report existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 16.7 percent to a seasonally adjusted annual rate1 of 5.45 million units in December from 6.54 million in November, but remain 15.0 percent above the 4.74 million-unit level in December 2008. That is a big number a 16.7 percent drop. As reported in other news organizations economists expected an 11.6% decrease in sales during December, which was a big shock to the markets.<br /><br />For all of 2009 there were 5,156,000 existing-home sales, which was 4.9 percent higher than the 4,913,000 transactions recorded in 2008; it was the first annual sales gain since 2005. Alameda saw an increase in sales with an 11 percent increase.<br /><br />The national median existing-home price for all housing types was $178,300 in December, which is 1.5 percent higher than December 2008. Alameda’s median was a marginal increase, but is still significantly higher the national median.<br /><br />Total housing inventory at the end of December fell 6.6 percent to 3.29 million existing homes available for sale, which represents a 7.2-month supply4 at the current sales pace, up from a 6.5-month supply in November. Raw unsold inventory is 11.1 percent below a year ago, is at the lowest level since March 2006, and is 28.2 percent below the record of 4.58 million in July 2008. Alameda’s inventory continues to decline; a year-over-year comparison of December show at the end of 2009 there was a 35 percent decline in the number of homes for sale. Today Inventory, shown below, shows that the decline continues. </span><br /><br /><span style="font-family:arial;"><strong>Inventory Data -- January 25, 2010<br /></strong></span><style>.tblGenFixed td {padding:0 3px;overflow:hidden;white-space:normal;letter-spacing:0;word-spacing:0;background-color:#fff;z-index:1;border-top:0px none;border-left:0px none;border-bottom:1px solid #CCC;border-right:1px solid #CCC;} .dn {display:none} .tblGenFixed td.s0 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s2 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s1 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s12 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s9 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s7 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s8 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s5 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s6 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s10 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s3 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s4 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s11 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} </style><br /><table id="tblMain" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table id="tblMain_0" class="tblGenFixed" border="0" cellspacing="0" cellpadding="0"><tbody><tr class="rShim"><td style="WIDTH: 0px" class="rShim"><td style="WIDTH: 112px" class="rShim"><td style="WIDTH: 120px" class="rShim"><td style="WIDTH: 120px" class="rShim"><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s0"><td class="s1"><br /><td class="s2"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/25/2010 <td class="s4"><br /><td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Total <td class="s6">93 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94501 <td class="s6">77 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94502 <td class="s6">16 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">SFR <td class="s6">51 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Condo <td class="s6">20 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Multi-Family <td class="s6">20 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Short Sale <td class="s6">15 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Foreclosure <td class="s7">9 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Price Reductions <td class="s8">29 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">High List <td class="s10">$1,999,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">Low List <td class="s10">$239,900 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s11"><br /><td class="s12"><td></td></tr></tbody></table></td></tr></tbody></table>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8781346830430890268.post-45805626309336319862010-01-22T10:54:00.001-08:002010-01-22T10:56:13.106-08:002010: a time of stabilization | Real Estate and Technology News for Agents, Brokers and Investors | Inman News<object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,115,0" id="player" width="450" height="392"><param name="movie" value="http://cdn1.fliqz.com/fliqz/production/components/b5806b548b804e28a6920a33f2c4d1a1.swf" /><param name="allowfullscreen" value="true" /><param name="wmode" value="transparent" /> <param name="allowscriptaccess" value="always" /><param name="flashvars" value="file=fa6375ba241347b8a7af0a042bec7ce6&permalink=&" /><embed name="player" src="http://cdn1.fliqz.com/fliqz/production/components/b5806b548b804e28a6920a33f2c4d1a1.swf" width="450" height="392" allowfullscreen="true" wmode="transparent" allowscriptaccess="always" flashvars="file=fa6375ba241347b8a7af0a042bec7ce6&permalink=&" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer" ></embed></object><br /><br /><a href="http://www.inman.com/news/2010/01/22/2010-a-time-stabilization?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:">2010: a time of stabilization Real Estate and Technology News for Agents, Brokers and Investors Inman News</a><br /><br />Posted using <a href="http://sharethis.com/">ShareThis</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8781346830430890268.post-4914782303616115602010-01-21T10:17:00.000-08:002010-01-21T10:36:55.706-08:00“Cramdowns”: Will they work?<p><span style="font-family:arial;">I get a lot of good Real Estate information from First Tuesday. They are a Real Estate education firm, but they have an online newsletter that summarizes some of the big issues in real estate for the wee and in this week’s newsletter they wrote about “Cramdowns” and it was a very interesting take.<br /><br />A cramdown is the involuntary imposition by a court of a reorganization plan over the objection of some classes of creditors. Basically the court tells the bank these are the new terms of the loan so a borrower can stay in a home.<br /><br />First Tuesday’s take was basically the since the New York Times reported housing prices in the U.S. flatlined in October, 2009 despite low mortgage rates and a homebuyer’s tax credit, the housing market has a new wave of foreclosures on the horizon and the only way to cure this ill is to force banks to take court institute financial terms.</span></p><p><span style="font-family:Arial;">Section from the First Tuesday article:</span></p><span style="font-family:arial;"><blockquote><p><span style="font-family:arial;"><em>A combination of high unemployment and the failure of the current administration’s foreclosure prevention measures will result in an estimated 2.4 million foreclosures this year.</em></span></p><p><span style="font-family:arial;"><em>Considering the fresh wave of foreclosures expected, what will happen to prices in the coming months when the Federal Reserve Bank (The Fed) begins to raise interest rates and the government tax credit extension has expired?</em></span></p><p><span style="font-family:arial;"><em>Prices are predicted to fall by another 10% nationwide. Another price drop would push more homeowners into underwater situations. </em></span><span style="font-family:arial;"><em>The only timely and affective way to deal with an underwater home – negative equity and homeowner insolvency – is to reduce the principal balance on the home loan, or in other words, a cramdown.</em></span></p></blockquote></span><p><span style="font-family:arial;">It is an interesting take, and I agree that high unemployment, a new wave of foreclosures, and falling prices will continue to add pressure to the market. But forcing lenders with cramdowns will not improve the entire situation. Future buyers could then pay more for loans, because banks will make up the losses by charging more.</span></p><p><span style="font-family:Arial;">A national policy would be difficult, because in high demand areas like the Bay Area and Alameda a 10 percent decline would most likely impact those who purchased in the last five years, but not a majority of homeowners. The lack of inventory in California has become and issue and allowing homes to come on to the market could actually improve the housing market.</span></p><p><span style="font-family:arial;">Buyers have an opportunity with low interest rates, low prices (compared to three years ago) and goverment assistance, but they lack inventory to select from in the current environment.</span></p>Unknownnoreply@blogger.com11tag:blogger.com,1999:blog-8781346830430890268.post-35115792653545725002010-01-20T10:20:00.000-08:002010-01-20T10:58:24.952-08:00Big Change in FHA Loan Requirements<p><span style="font-family:arial;">The The Federal Housing Administration (FHA) has made some big changes to their loan policy. First off, just so everyone understands the FHA does not make loans, but rather offers insurance</span><span style="font-family:arial;"> against default so lenders have a fallback position. The cost of the mortgage insurance is passed along to the homeowner and typically is included in the monthly payment.</span></p><span style="font-family:arial;">Unlike conventional loans that adhere to strict underwriting guidelines, FHA-insured loans require very little cash investment to close a loan. There is more flexibility in calculating household income and payment ratios. In most cases, the insurance cost to the homeowner will drop off after five years or when the remaining balance on the loan is 78 percent of the value of the property -whichever is longer.</span><br /><p><span style="font-family:arial;">FHA loans are popular because borrowers are only require a down payments of 3.5 percent of the purchase price, that requirement did not change.<br /><br />The new policies announced today are designed to bring more revenue into the agency, while at the same time keeping loans available. FHA's popularity has grown and the agency is seeing dramatic financial pressure with the increase of foreclosures (the need to payout on bad loans) and the increase in popularity of the FHA loan. The FHA has seen an increase of popularity in this product they now back nearly 30 percent of loans.<br /><br /><strong>The changes:</strong><br />Borrowers pay an upfront mortgage insurance premium of 2.25 percent of the total loan amount, up from the current level of 1.75 percent. A home buyer will still be able to wrap these fees into the total amount borrowed. FHA officials also plan to ask Congress to increase the maximum annual premium that FHA can charge.</span></p><p><span style="font-family:arial;">Need a credit score </span><span style="font-family:arial;">of at least 580 to qualify. Borrowers with a score lower than 580 will need a down payment of at least 10 percent.</span></p><p><span style="font-family:Arial;">For California and our local Alameda housing market this will make it more difficult for first time buyers that have little for a down payment. If they have a poor credit score they may not be able to buy at all, and for many this is a good thing. People who could not afford houses over the past five years were getting loans they could not afford.</span></p><p><br /><object width="420" height="245" id="msnbc544336" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=10,0,0,0"><param name="movie" value="http://www.msnbc.msn.com/id/32545640"><param name="FlashVars" value="launch=34955494&width=420&height=245"><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /><param name="wmode" value="opaque" /><embed name="msnbc544336" src="http://www.msnbc.msn.com/id/32545640" width="420" height="245" FlashVars="launch=34955494&width=420&height=245" allowscriptaccess="always" allowFullScreen="true" wmode="opaque" type="application/x-shockwave-flash" pluginspage="http://www.adobe.com/shockwave/download/download.cgi?P1_Prod_Version=ShockwaveFlash"></embed></object><p style="font-size:11px; font-family:Arial, Helvetica, sans-serif; color: #999; margin-top: 5px; background: transparent; text-align: center; width: 420px;">Visit msnbc.com for <a style="text-decoration:none !important; border-bottom: 1px dotted #999 !important; font-weight:normal !important; height: 13px; color:#5799DB !important;" href="http://www.msnbc.msn.com">breaking news</a>, <a href="http://www.msnbc.msn.com/id/3032507" style="text-decoration:none !important; border-bottom: 1px dotted #999 !important; font-weight:normal !important; height: 13px; color:#5799DB !important;">world news</a>, and <a href="http://www.msnbc.msn.com/id/3032072" style="text-decoration:none !important; border-bottom: 1px dotted #999 !important; font-weight:normal !important; height: 13px; color:#5799DB !important;">news about the economy</a></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8781346830430890268.post-25679602165057005122010-01-18T12:46:00.000-08:002010-01-18T13:08:56.905-08:00Alameda Inventory For January 18<span style="font-family:arial;">Just a quick update on weekly inventory. As you can see after a slight uptick last week, inventory fell back to 95 units this week. The good news is all categories of inventory are shrinking, that includes distressed. If the market can get rid of the distressed properties this is good news for our local Alameda real estate market.<br /><br />The tough part of the market is the single family residence. There are only 54 SFRs listed<br />for sale today. The Single family market is Alameda's biggest driver of home sales, so a lack of inventory makes the market a difficult one for those looking to buy, with limited choices.<br /><br />Inventory is very volatile, but in my opinion it is the best way to get a quick pulse of the market. The pulse, right now, is telling me we have very little activity and sales continue to stagnate. The numbers are broken out below.</span><br /><span style="font-family:arial;"><br /><a title="Inven_Jan_18 by John Oldham, on Flickr" href="http://www.flickr.com/photos/john-alameda/4286070922/"><img alt="Inven_Jan_18" src="http://farm5.static.flickr.com/4061/4286070922_1bdf892b0b.jpg" width="500" height="373" /></a><br /><br /><strong>Alameda Inventory January 18, 2009</strong><br /></span><style>.tblGenFixed td {padding:0 3px;overflow:hidden;white-space:normal;letter-spacing:0;word-spacing:0;background-color:#fff;z-index:1;border-top:0px none;border-left:0px none;border-bottom:1px solid #CCC;border-right:1px solid #CCC;} .dn {display:none} .tblGenFixed td.s0 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s2 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s1 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s12 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s9 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s7 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s8 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s5 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s6 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s3 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s10 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s4 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s11 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} </style><br /><br /><table id="tblMain" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table id="tblMain_0" class="tblGenFixed" border="0" cellspacing="0" cellpadding="0"><tbody><tr class="rShim"><td style="WIDTH: 0px" class="rShim"><td style="WIDTH: 112px" class="rShim"><td style="WIDTH: 120px" class="rShim"><td style="WIDTH: 120px" class="rShim"><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s0"><td class="s1"><br /><td class="s2"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/18/2010 <td class="s4"><br /><td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Total <td class="s6">95 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94501 <td class="s6">79 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94502 <td class="s6">16 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">SFR <td class="s6">54 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Condo <td class="s6">19 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Multi-Family <td class="s6">20 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Short Sale <td class="s6">14 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Foreclosure <td class="s7">10 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Price Reductions <td class="s8">30 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">High List <td class="s10">$1,999,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">Low List <td class="s10">$220,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s11"><br /><td class="s12"><td></td></tr></tbody></table></td></tr></tbody></table>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8781346830430890268.post-56458449083798030682010-01-15T09:31:00.001-08:002010-01-15T09:34:13.486-08:00Alameda Snapshot - Early Morning Golfers<p><span style="font-family:arial;">Since the Chuck Corica Golf Course has been a Hot Topic this week, I thought I would re-post this Flickr photo from Jassy-50.<br /><br />Have a great weekend.</span></p><p><a title="photo sharing" href="http://www.flickr.com/photos/jassy-50/581387736/"><img style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 398px; HEIGHT: 326px; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" alt="" src="http://farm2.static.flickr.com/1005/581387736_eac7e7d25b_m.jpg" width="419" height="193" /></a></p><div style="WIDTH: 688px; MARGIN-BOTTOM: 10px; FLOAT: right; HEIGHT: 82px; MARGIN-LEFT: 10px"><br /><span style="MARGIN-TOP: 0px"><a href="http://www.flickr.com/photos/jassy-50/581387736/"><span style="font-family:arial;font-size:130%;">photo - Early Morning Golfers</span></a><span style="font-family:arial;font-size:130%;"><br />Originally uploaded by </span><a href="http://www.flickr.com/people/jassy-50/"><span style="font-family:arial;font-size:130%;">Jassy-50</span></a></span></div><p><br clear="all"></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8781346830430890268.post-17919690365359390852010-01-14T11:31:00.000-08:002010-01-14T11:47:49.884-08:002009 Was The Year of Foreclosure in Alameda and Nation<p><a href="http://www.realtytrac.com/"><span style="font-family:arial;">RealtyTrac</span></a><span style="font-family:arial;">, released its Year-End 2009 Foreclosure Market Report™, which reported a record 2.8 million U.S properties with foreclosure filings in 2009. The report shows a total of 3,957,643 foreclosure filings — default notices, scheduled foreclosure auctions and bank repossessions — were reported on 2,824,674 U.S. properties in 2009, a 21 percent increase in total properties from 2008 and a 120 percent increase in total properties from 2007.</span></p><p><span style="font-family:arial;">The report also shows that 2.21 percent of all U.S. housing units (one in 45) received at least one foreclosure filing during the year, up from 1.84 percent in 2008, 1.03 percent in 2007 and 0.58 percent in 2006.<br /><br />Foreclosure filings were reported on 349,519 U.S. properties in December, a 14 percent jump from the previous month and a 15 percent increase from December 2008 — when a similar monthly jump in foreclosure activity occurred. Despite the increase in December, foreclosure activity in the fourth quarter decreased 7 percent from the third quarter, although it was still up 18 percent from the fourth quarter of 2008.<br /><br />In Alameda, RealtyTrac currently reports 94 pre-foreclosures, 86 auction properties, and 82 banked owned properties. In 2009, Alameda had 74 foreclose sales and 36 short sales, these 110 sales accounted for 22 percent of the sales on the Island.<br /><br /><object width="420" height="245" id="msnbc2e0269" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=10,0,0,0"><param name="movie" value="http://www.msnbc.msn.com/id/32545640"><param name="FlashVars" value="launch=34838863&width=420&height=245"><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /><param name="wmode" value="opaque" /><embed name="msnbc2e0269" src="http://www.msnbc.msn.com/id/32545640" width="420" height="245" FlashVars="launch=34838863&width=420&height=245" allowscriptaccess="always" allowFullScreen="true" wmode="opaque" type="application/x-shockwave-flash" pluginspage="http://www.adobe.com/shockwave/download/download.cgi?P1_Prod_Version=ShockwaveFlash"></embed></object><p style="font-size:11px; font-family:Arial, Helvetica, sans-serif; color: #999; margin-top: 5px; background: transparent; text-align: center; width: 420px;">Visit msnbc.com for <a style="text-decoration:none !important; border-bottom: 1px dotted #999 !important; font-weight:normal !important; height: 13px; color:#5799DB !important;" href="http://www.msnbc.msn.com">breaking news</a>, <a href="http://www.msnbc.msn.com/id/3032507" style="text-decoration:none !important; border-bottom: 1px dotted #999 !important; font-weight:normal !important; height: 13px; color:#5799DB !important;">world news</a>, and <a href="http://www.msnbc.msn.com/id/3032072" style="text-decoration:none !important; border-bottom: 1px dotted #999 !important; font-weight:normal !important; height: 13px; color:#5799DB !important;">news about the economy</a></p><br /><br />Nevada, Arizona, Florida post top state foreclosure rates in 2009 with more than 10 percent of Nevada housing units received at least one foreclosure filing in 2009, giving it the nation’s highest state foreclosure rate for the third consecutive year.<br /><br />Nevada foreclosure activity in December increased 27 percent from the previous month but was still down 22 percent from December 2008. Fourth quarter foreclosure activity in Nevada was down 37 percent from the previous quarter thanks to substantial decreases in October and November.<br /><br />Arizona registered the nation’s second highest state foreclosure rate in 2009, with more than 6 percent of its housing units receiving at least one foreclosure filing during the year, and Florida registered the nation’s third highest foreclosure rate, with 5.93 percent of its housing units receiving at least one foreclosure filing during the year.<br />Four states accounted for more than 50 percent of the nation’s 2009 total, with more than 1.4 million properties receiving a foreclosure filing in our own California, Florida, Arizona and Illinois combined.<br /><br />A total of 632,573 California properties received a foreclosure filing in 2009, the nation’s largest state foreclosure activity total and an increase of nearly 21 percent from 2008. After four straight month-over-month declines, California foreclosure activity in December increased nearly 9 percent from the previous month, but the state’s fourth quarter foreclosure activity was still down 17 percent from the previous quarter.<br /><br />Although Alameda has not had numbers close to the State averages, we have seen an increase in distressed activity.</span> <span style="font-family:arial;">Given the RealtyTrac numbers for Alameda there appears to be even more distressed sales on the horizon.</span>Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-8781346830430890268.post-76503763807326334082010-01-13T12:06:00.000-08:002010-01-13T12:41:53.679-08:00A Peak Into 2010 Alameda Home Sale<span style="font-family:arial;">Since I spent the last two days looking at Alameda Home sales for 2009, I thought it would be good to see how January is shaping up.<br /><br />To date the Island has seven sales logged. Last year we had 21 total sales for the month of January, but the first was not record until the ninth day of the month. So Sales have started a little earlier this year, but the pace is behind last year.</span><br /><br /><span style="font-family:arial;">The majority of the sales sold below asking price, a trend that is continuing from 2009. The range of ask price to sale price ranged from 92-104 percent. It appears that a few high end homes are still selling with 16 Callen Place receiving $1,795,000.</span><br /><p><span style="font-family:arial;">January is traditionally slow for home sales, but if we can get a strong start to the home selling season that usally jumps into high gear in the Spring, this could be a springboard for a more productive 2010.</span></p><br /><br /><style>.tblGenFixed td {padding:0 3px;overflow:hidden;white-space:normal;letter-spacing:0;word-spacing:0;background-color:#fff;z-index:1;border-top:0px none;border-left:0px none;border-bottom:1px solid #CCC;border-right:1px solid #CCC;} .dn {display:none} .tblGenFixed td.s0 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} .tblGenFixed td.s2 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:center;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s1 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s7 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s5 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:center;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s6 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s3 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} .tblGenFixed td.s4 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} </style><br /><table id="tblMain" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table id="tblMain_0" class="tblGenFixed" border="0" cellspacing="0" cellpadding="0"><tbody><tr class="rShim"><td style="WIDTH: 0px" class="rShim"><td style="WIDTH: 67px" class="rShim"><td style="WIDTH: 164px" class="rShim"><td style="WIDTH: 47px" class="rShim"><td style="WIDTH: 36px" class="rShim"><td style="WIDTH: 41px" class="rShim"><td style="WIDTH: 54px" class="rShim"><td style="WIDTH: 75px" class="rShim"><td style="WIDTH: 75px" class="rShim"><td style="WIDTH: 40px" class="rShim"><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s0">Sale Date <td class="s1">Address <td class="s1">Type <td class="s2">Beds <td class="s2">Baths <td class="s2">Sq Feet <td class="s2">List Price <td class="s2">Sale Price <td class="s2">%<br /></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/6/2010 <td class="s4">1428 UNION ST <td class="s4">SFR <td class="s5">3 <td class="s5">2 <td class="s5">2375 <td class="s6">$825,000 <td class="s6">$801,000 <td class="s7">97%</td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/12/2010 <td class="s4">1367 HANSEN AVE <td class="s4">SFR <td class="s5">3 <td class="s5">1 <td class="s5">1620 <td class="s6">$679,000 <td class="s6">$679,000 <td class="s7">100%</td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/8/2010 <td class="s4">1547 B SANTA CLARA AVE <td class="s4">SFR <td class="s5">2 <td class="s5">2 <td class="s5">1325 <td class="s6">$575,000 <td class="s6">$530,000 <td class="s7">92%</td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/8/2010 <td class="s4">2815 OTIS DR <td class="s4">SFR <td class="s5">2 <td class="s5">1 <td class="s5">1152 <td class="s6">$459,000 <td class="s6">$426,000 <td class="s7">93%</td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/5/2010 <td class="s4">1041 CAMINO DEL VALLE <td class="s4">TNHSE <td class="s5">3 <td class="s5">2 <td class="s5">1584 <td class="s6">$365,000 <td class="s6">$378,000 <td class="s7">104%</td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/6/2010 <td class="s4">1533 MOZART ST <td class="s4">SFR <td class="s5">2 <td class="s5">1 <td class="s5">1095 <td class="s6">$350,000 <td class="s6">$335,000 <td class="s7">96%</td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/8/2010 <td class="s4">16 CALLAN PL <td class="s4">SFR <td class="s5">4 <td class="s5">4 <td class="s5">4251 <td class="s6">$1,850,000 <td class="s6">$1,795,000 <td class="s7">97%</td></tr></tbody></table></td></tr></tbody></table>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8781346830430890268.post-67465339526861052602010-01-12T09:42:00.000-08:002010-01-12T09:47:15.895-08:00Alameda Tranfer Tax Revenue Update – Final for 2009<span style="font-family:arial;">With the end of the quarter and the end of the year, I want to give a final update to Alameda's Transfer Tax for 2009.</span><br /><span style="font-family:arial;"></span><br /><span style="font-family:arial;">I wrote about the Transfer Tax back </span><a href="http://94501realestate.blogspot.com/2009/03/how-much-dough-is-p-generating.html"><span style="font-family:arial;">in March</span></a><span style="font-family:arial;"> and in one of my first posts </span><a href="http://94501realestate.blogspot.com/2008/11/alamedas-measure-p-what-does-it-mean.html"><span style="font-family:arial;">was about Measure P</span></a><span style="font-family:arial;">, so I just thought I should continue to update how much money the "Tax" is generating throughout the year. First the disclosure: all of the numbers reflect residential housing sales recorded on the MLS. Commercial building and private sales are not included so the numbers are higher than reported. The intent is to get a reflection of what is happening.</span><br /><span style="font-family:arial;"><br />Sales were up this past year, but the total dollars spent on homes was down, </span><a href="http://94501realestate.blogspot.com/2010/01/wrap-on-2009-alameda-home-sales.html"><span style="font-family:arial;">(See yesterday’s post)</span></a><span style="font-family:arial;"> and if the council had not changed the transfer tax they would have seen more than a $50,000 decline in the transfer tax.<br /><br />From January 1 to December 31, 2009, there were 492 sales that represent over $278,995,615 million dollars in transactions. Under the newly enacted $12 per $1,000 the transfer tax generated $3,347,947 in revenue. If the Council had not made the change ($5.40 per $1,000) the revenue would have been $1,506,576; a difference of $1,841,371.<br /><br /><a title="Alameda 2009 Transfer Tax by John Oldham, on Flickr" href="http://www.flickr.com/photos/john-alameda/4268818677/"><img alt="Alameda 2009 Transfer Tax" src="http://farm3.static.flickr.com/2798/4268818677_25c83433bf.jpg" width="500" height="319" /></a><br /><br />The final quarter of the year made a huge difference in the amount of money generated for the city coffers. Over a million dollars was generated by the tax in the final three months. October alone generated over $500,000.</span><br /><span style="font-family:arial;"><br />Given all the factors putting pressure on the housing market foreclosure, a soft job market, tight lending and scared buyers/sellers the impact is has been harsh in the number of sales and the revenue generated.In the last blog post I said that in the short-term the tax may be one more factor for people not to buy, but given the stress on the City’s General Fund the tax may have been a necessary step. I think that this continues to be true.<br /><br />I followed this topic for a year, instead of a quarterly update I will be changing to a semi-annual.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8781346830430890268.post-74101815479156424022010-01-11T14:14:00.000-08:002010-01-11T14:22:49.684-08:00Wrap On 2009 Alameda Home Sales<p><span style="font-family:arial;">So it is time to wrap up 2009 Alameda Homes sales with December’s numbers and the totals for the year. My disclaimer: The data is what is reported on the Multiple Listing Service and is not a complete picture of all sales, but it does give a good image of what (or did not) happened in terms of sales.<br /><br />First the December 2009 sales numbers were good, with 39 transactions recorded. This is one more sales than November, and an 85 percent year-over-year increase. The median sale price for the last month of the year was $569,000 and the average was $610,741.<br /><br />December recorded two million dollar sales. Twenty eight of the sales were single family residences, nine condo/townhome and two multi-family.<br /><br />The last half of the year really picked up in terms of sales volume and made 2009 much better than 2008.<br /><br />The total number of sales for 2009 was 492 units for a total dollar value of $278,995,615. Compared to 2008 when the Island had 463 sales for $288,519,712. So we had more sales, but less dollar volume.<br /><br /><a title="Alameda 2009 Home Sale by John Oldham, on Flickr" href="http://www.flickr.com/photos/john-alameda/4266644117/"><img alt="Alameda 2009 Home Sale" src="http://farm3.static.flickr.com/2763/4266644117_26e0c74245.jpg" width="500" height="323" /></a><br />The median sale price in 2009 was $555,000 and the average was $567,064. Alameda had 298 property sales under $600,000.<br /><br />Single family residences accounted for 332 sales in 2009 with 14 properties selling for more than a million dollars. A home on Bay Street was the top sale at $1,917,828; the low sale was $135,000.<br /><br />As the year moves forward it appears that Alameda market did make a turn towards recovery, but the only thing I can say is 2009 was better than 2008 and my hope is 2010 will be even better.</span></p><p><span style="font-family:arial;"><strong>Weekly Inventory</strong></span><br /><br /><style>.tblGenFixed td {padding:0 3px;overflow:hidden;white-space:normal;letter-spacing:0;word-spacing:0;background-color:#fff;z-index:1;border-top:0px none;border-left:0px none;border-bottom:1px solid #CCC;border-right:1px solid #CCC;} .dn {display:none} .tblGenFixed td.s0 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s2 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s1 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s12 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s9 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s7 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s8 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s5 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s6 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s3 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s10 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s4 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s11 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} </style><br /><table id="tblMain" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table id="tblMain_0" class="tblGenFixed" border="0" cellspacing="0" cellpadding="0"><tbody><tr class="rShim"><td style="WIDTH: 0px" class="rShim"><td style="WIDTH: 112px" class="rShim"><td style="WIDTH: 120px" class="rShim"><td style="WIDTH: 120px" class="rShim"><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s0"><td class="s1"><br /><td class="s2"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/11/2010 <td class="s4"><br /><td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Total <td class="s6">102 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94501 <td class="s6">83 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94502 <td class="s6">19 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">SFR <td class="s6">59 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Condo <td class="s6">21 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Multi-Family <td class="s6">20 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Short Sale <td class="s6">19 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Foreclosure <td class="s7">11 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Price Reductions <td class="s8">32 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">High List <td class="s10">$1,999,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">Low List <td class="s10">$215,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s11"><br /><td class="s12"><td></td></tr></tbody></table></td></tr></tbody></table></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8781346830430890268.post-29032243652263494172010-01-05T13:35:00.000-08:002010-01-05T14:00:25.198-08:00Alameda Housing Stock Falls Below 100 Units<span style="font-family:arial;">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.<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />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.<br /></span><br /><span style="font-family:arial;"><br /><br /><a title="Jan2010Inven by John Oldham, on Flickr" href="http://www.flickr.com/photos/john-alameda/4248519011/"><img alt="Jan2010Inven" src="http://farm3.static.flickr.com/2683/4248519011_8a30ea65c5.jpg" width="490" height="373" /></a><br /><br /><style>.tblGenFixed td {padding:0 3px;overflow:hidden;white-space:normal;letter-spacing:0;word-spacing:0;background-color:#fff;z-index:1;border-top:0px none;border-left:0px none;border-bottom:1px solid #CCC;border-right:1px solid #CCC;} .dn {display:none} .tblGenFixed td.s0 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s2 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s1 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s12 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s9 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s7 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s8 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s5 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s6 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s3 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s10 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s4 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s11 {background-color:white;font-family:arial,sans,sans-serif;font-size:90.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} </style><br />Alameda Home Inventory January 4, 2010</span><br /><br /><table id="tblMain" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table id="tblMain_0" class="tblGenFixed" border="0" cellspacing="0" cellpadding="0"><tbody><tr class="rShim"><td style="WIDTH: 0px" class="rShim"><td style="WIDTH: 112px" class="rShim"><td style="WIDTH: 120px" class="rShim"><td style="WIDTH: 120px" class="rShim"><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s0"><td class="s1"><br /><td class="s2"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">1/4/2010 <td class="s4"><br /><td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Total <td class="s6">97 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94501 <td class="s6">80 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">94502 <td class="s6">17 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">SFR <td class="s6">56 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Condo <td class="s6">19 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Multi-Family <td class="s6">20 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Short Sale <td class="s6">18 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Foreclosure <td class="s7">12 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s3">Price Reductions <td class="s8">33 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">High List <td class="s10">$1,999,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s9">Low List <td class="s10">$215,000 <td class="s5"></td><tr><td class="hd"><p style="HEIGHT: 16px">.</p></td><td class="s11"><br /><td class="s12"><td></td></tr></tbody></table></td></tr></tbody></table>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8781346830430890268.post-74747133903093583142009-12-31T06:00:00.000-08:002009-12-31T09:14:45.455-08:00The Top Alameda Real Estate Stories of 2009<span style="font-family:arial;">As the year 2009 comes to a close, this year will be remembered for the stamp the National Housing market placed on the economy. The year was dominated by crumbling credit system and foreclosures and home buyers and sellers caught guessing on what the market would do. Distressed properties were the driving force behind the roller coaster year for U.S. housing market. In Alameda, our local market was touched by banks controlling many home listings and fewer homes coming on the market, and of course government intervention. So here is my top Nine in ’09:<br /><br /><strong>Nine in 2009</strong><br /><strong>Number 9</strong> – In January, SunCal releases Draft Redevelopment Master Plan with a plan to build 4,500 new housing units. This addition to the Alameda housing stock would create a 14% increase housing stock. The plan is to build housing in five phases and include high density blocks (non-Measure A compliant), medium density blocks (non-Measure A compliant), low density attached blocks and single family residents blocks. Over this year the plan has met resistance in the form of Measure B support.<br /><br /><strong>Number 8</strong> – Government Intervention happens to try and stimulate home buying. Congress enacted a first-time homebuyer tax credit which increased buyer activity in the entry-level housing market. According to the National Association of Realtors</span><a name="OLE_LINK3"></a><a name="OLE_LINK2"><span style="font-family:arial;">®</span></a><span style="font-family:arial;"> November survey of members reported that the number of first-time home buyers climbed to 51 percent. This credit has very little impact for Alameda buyers because of income limits.<br /><br /><strong>Number 7</strong> – High End Freeze – Sales in the luxury home market almost disappear in Alameda. Homes priced over $1 million had a difficult time selling, the first recorded sale of a seven figure home for 2009 was February 26. Of the 480 sales recorded so far this year only 14 homes were a million dollars or more. Compare that to the 38 properties that sold for under $300,000. The highest home sale in Alameda was 1115 Bay Street, which sold October 9 for $1,987,000.<br /><br /><strong>Number 6</strong> -- Prices Flattening – Much of the turmoil in the housing market appeared to take a breath in the later part of 2009. Median home prices in California saw some of the largest increases in the Nation – ZipRealty tracks median home prices from MLS sales in 27 markets and from January to November, San Diego’s median rose 55 percent, San Francisco Bay Area rose 31 percent, Los Angeles rose 25 percent, and Orange County rose 19 percent. In January, the Alameda median home price was $457,000 by November the median increased to $520,000.<br /><br /><strong>Number 5</strong> -- Mobile Shopping – 2009 was the year of the app. Prospective homebuyers and sellers can now track real estate on the go. The iPhone and other smart phone have real estate companies developing apps for home buyers.<br /><br /><strong>Number 4</strong> – Top Alameda Brokerage – Of the 955 transactional sides, representing either the buyer or seller, sales agents at Harbor Bay Realty took top honors accounting for 251 sides. In the 101 homes sales, reported so far, where they represented the seller the group at Harbor Bay accounted for nearly $65 million in Sales. Gallagher & Lindsey was second with 123 sides.<br /><br /><strong>Number 3</strong> – Late Summer Rebound – Alameda experienced a late summer sales rebound with 171 sales in August to October. Sales for the first seven months of the year were 209, the late surge accounted for an 80 percent surge in sales. Without these sales Alameda was headed for a very poor sales year, as of December 29, 2009’s 480 sales exceeds 2008’s 444.</span><br /><br /><span style="font-family:Arial;"><strong>Number 2</strong> – Bank Market – Many have described the 2009 housing market as the “year of the bank” with institutions needing to approve short sales and foreclosures on the homes they owned. In some markets this was a significant part of the available inventory. For example, foreclosures made up 87 percent of properties sold through the end of November 2009 in Las Vegas, NV and 60 percent in Sacramento, CA, according to MLS data. Los Angeles MLS data showed distressed property sales rise from 8 percent in 2008 to 35 percent in 2009. In Alameda, 107 of the sales were distressed compared to 2008 that had just 26. In 2009, foreclosed and short sales were 22 percent of the sales compared to 6 percent the prior year this was a very dramatic increase for the Island.<br /><br /><strong>Number 1</strong> – Declining Inventory –The number of homes for sale dropped 28 percent compared to 2008, according to a survey of MLS-listed homes in 27 markets. Major markets that saw the steepest declines include Los Angeles, Las Vegas, San Diego and the San Francisco Bay area, all experiencing year-over-year declines of more than 50 percent. Alameda saw steep declines of inventory as well, starting the year with 149 units for sale peaking to 179 units in mid July and falling to 102 units this week. This is a 43 percent decline from the peak in July.<br /><br />Happy New Year, Anxious to see what 2010 brings!</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8781346830430890268.post-12377121155620500972009-12-30T09:30:00.000-08:002009-12-30T09:30:08.861-08:00Foreclosures on the Rise<a href="http://abcnews.go.com/video/playerIndex?id=9445135">Foreclosures on the Rise</a><br /><br />More on the Case-Schiller reportUnknownnoreply@blogger.com0