Half Way In May

With May now more than half over and the Memorial Day Weekend approaching to kickoff the Summer vacation season, it is a good time to check-in and see how sales totaling up for the month.

Traditionally, the end of each month is stronger for closes but the more sales you rack up early in the month the stronger the month tends to be for sales.

Given that trend May is not shaping up to be very strong. So far sales are trickling in, just eight in the first 15 days. Sales were split between four condominiums and four single family homes as well as four sales in the 94501 and four in the 94502. The low sale was a two bedroom condo for $235,000. The high sale was a $670,000 four bedroom home on Bay Farm.

May 2008 posted 41 sales, given the trend it will be difficult to match last year's sales totals.

The sales generated $4.2 Million in transactions with an average sale price of $525,000. On a square-foot basis the condos averaged $330 per square foot and the single family homes average $360.

. 5/1/2009 351 MAGNOLIA DR 94502 SFR 4 3 2149 $699000 $670000 . 5/4/2009 1535 LINCOLN LN 94501 SFR 3 2 1476 $589000 $570000 . 5/5/2009 30 AUGHINBAUGH WAY 94502 CONDO 3 2 1516 $630000 $586000 . 5/7/2009 1420 FERNSIDE BLVD 94501 SFR 3 2 1566 $659000 $630000 . 5/12/2009 1311 WEBSTER ST. #E118 94501 CONDO 2 1 843 $235000 $235000 . 5/13/2009 47 BANNISTER WAY 94502 SFR 3 2 1772 $639000 $605000 . 5/14/2009 3001 FLORA VISTA 94502 CONDO 3 2 1628 $489000 $489000 . 5/15/2009 1810 CENTRAL AVE #310 94501 CONDO 2 2 1170 $418000 $415000

Alameda April Sales

April Sales for Alameda, CA has some good news, actually some very good news. Home sales for the Island were up 40-percent from the prior month. To add to the good news was 11 of the 35 sales recorded sold at or above listing price.

Total dollar volume of sales was $20,514,499 that translates into $246,174 in parcel transfer tax for the City of Alameda.

The only negative in the numbers is year-over-year sales are down 34%. Looking deeper into the yearly comparison shows that pricing continues to take a hit. In April 2009 the median sale price was $602,000 and the average sale price was $586,129. Compared to the same month in 2008, the median was $629,000 and the average $635,594.

Sales for the Month
http://spreadsheets.google.com/pub?key=rN1PFyA77PzwFzQZLWQsOpQ

. Sale Date Address Type Beds Baths List Price Sale Price % . 4/1/2009 604 WESTLINE DRIVE SFR 4 3 $ 799,000 $ 785,000 98% . 4/15/2009 985 INDEPENDENCE DR CONDO 2 2 $ 499,000 $ 499,000 100% . 4/10/2009 255 CENTRE CT CONDO 1 1 $ 349,900 $ 345,000 99% . 4/2/2009 1182 SILVA LN SFR 3 2 $ 579,000 $ 524,000 91% . 4/2/2009 1017 HOLLY ST SFR 3 2 $ 608,000 $ 560,000 92% . 4/20/2009 3006 OTIS DR SFR 2 2 $ 469,900 $ 480,000 102% . 4/23/2009 950 SHOREPOINT COURT #106 CONDO 2 2 $ 335,000 $ 330,000 99% . 4/27/2009 2209 SANTA CLARA AVENUE SFR 4 3 $ 728,000 $ 696,000 96% . 4/27/2009 2211 SANTA CLARA AVENUE MFR 0 0 $ 728,000 $ 696,000 96% . 4/7/2009 1027 POST ST SFR 3 2 $ 674,900 $ 638,000 95% . 4/24/2009 214 CYPRESS #F CONDO 3 1 $ 279,000 $ 275,000 99% . 4/11/2009 32 CHESHIRE CT SFR 5 3 $ 879,000 $ 863,000 98% . 4/10/2009 609 HAIGHT AVE SFR 2 1 $ 360,000 $ 268,000 74% . 4/20/2009 1612 MINTRUN SFR 3 2 $ 545,000 $ 520,000 95% . 4/24/2009 2903 BAYVIEW DR SFR 3 2 $ 689,000 $ 670,000 97% . 4/9/2009 4 SUNNY COVE CIRCLE SFR 3 2 $ 799,000 $ 755,000 94% . 4/7/2009 307 ANDERSON RD SFR 5 3 $1080000 $ 1,039,999 96% . 4/30/2009 3230 STERLING AVE SFR 2 1 $ 459,000 $ 459,000 100% . 4/30/2009 537 CENTRAL AVENUE MFR 0 0 $ 525,000 $ 540,000 103% . 4/24/2009 9 REDONDO CT CONDO 2 2 $ 499,000 $ 490,000 98% . 4/23/2009 2231 FULTON LN SFR 3 2 $ 775,000 $ 675,000 87% . 4/27/2009 1321 WEBSTER ST #D301 CONDO 2 1 $ 310,000 $ 320,000 103% . 4/23/2009 939 PARK STREET SFR 2 1 $ 465,000 $ 485,000 104% . 4/1/2009 601 FORTRESS ISLE SFR 3 2 $ 722,000 $ 738,000 102% . 4/23/2009 120 NORWICH RD SFR 3 2 $ 669,000 $ 642,500 96% . 4/6/2009 1016 TAYLOR AVE MFR 0 0 $ 459,000 $ 470,000 102% . 4/24/2009 2705 SAN JOSE SFR 2 1 $ 599,000 $ 602,000 101% . 4/23/2009 8 FERRO COURT SFR 3 2 $ 694,900 $ 665,000 96% . 4/28/2009 1345 FOUNTAIN ST SFR 2 1 $ 619,000 $ 625,000 101% . 4/24/2009 259 CAPETOWN DR SFR 4 2 $ 799,000 $ 768,000 96% . 4/20/2009 350 BRYANT AVE SFR 4 3 $ 880,000 $ 850,000 97% . 4/30/2009 538 HAIGHT AVE SFR 1 1 $ 360,000 $ 355,000 99% . 4/17/2009 1170 9TH ST #36 CONDO 1 1 $ 410,000 $ 399,000 97% . 4/30/2009 410 BRYANT AVE SFR 5 3 $ 889,000 $ 852,000 96% . 4/30/2009 361 ANSEL AVE SFR 4 2 $ 625,000 $ 635,000 102%