New Listings for June 21-29

With so many graphs and spreadsheets yesterday I held off on the posting the new listings. So today's post is a video of Alameda's Single Family homes listed this week. I have included a list of all properties below.






Link To Listings
http://spreadsheets.google.com/ccc?key=rw41Us1MPKNrIpNLdtwCLMw

. listing_date LISTING_PRICE address city state zip BEDS BATHS SQ FEET Type . 6/22/2009 $625,000 3268 WASHINGTON STREET Alameda CA 94501 3 2 1510 SFR . 6/22/2009 $514,500 1227 BROADWAY Alameda CA 94501 2 1 1367 SFR . 6/22/2009 $395,000 2101 SHORELINE DR #259 Alameda CA 94501 2 1 1060 CONDO . 6/22/2009 $410,000 2101 SHORELINE DR #480 Alameda CA 94501 2 1 1015 CONDO . 6/24/2009 $399,000 617 PACIFIC AVENUE #D Alameda CA 94501 2 1 830 SFR . 6/24/2009 $550,000 3257 ADAMS STREET Alameda CA 94501 3 2 1397 SFR . 6/24/2009 $1,600,000 1337 PEARL ST Alameda CA 94501 0 0 MFR . 6/26/2009 $785,000 1810 CLINTON AVE Alameda CA 94501 4 2 2172 SFR . 6/27/2009 $749,000 2068 CENTRAL AVE Alameda CA 94501 3 2 2198 SFR . 6/27/2009 $459,000 2429 BUENA VISTA AVE Alameda CA 94501 0 0 MFR . 6/28/2009 $579,000 2421 BUENA VISTA AVE Alameda CA 94501 0 0 MFR . 6/28/2009 $245,000 1333 WEBSTER ST #APT Alameda CA 94501 2 1 843 CONDO . 6/29/2009 $349,000 2133 SANTA CLARA AVE #323 Alameda CA 94501 2 2 1060 CONDO . 6/29/2009 $660,000 1326 8TH STREET Alameda CA 94501 2 1 1456 SFR . 6/29/2009 $850,000 3318 WASHINGTON CT Alameda CA 94501 4 3 2333 SFR . 6/29/2009 $950,000 3229 FERNSIDE BLVD Alameda CA 94501 4 3 2172 SFR

Listings and Building

Busy day yesterday for Alameda’s Realtors, this morning my City of Alameda listing alert had five homes in the email. The email actually had six, but it listed 1415 Willow twice, one as a Single Family Residence and another as a Multi Family. Since the Realtor described the property as a “Beautiful 1915 traditional craftsman duplex,” I will count it as a multi family for today.

You can see the listings below the map.

On the National front a report by The Commerce Department show a big up swing in Housing Starts for May. Housing starts are the units of new housing construction and with housing starts jumping 17.2 percent to a seasonally adjusted annual rate of 532,000 units, up from April's revised 454,000 units.

The good news is home builders as beginning to build again, on the downside was much of the build is multi family. Construction of single-family homes rose 7.5 percent to a 401,000 rate. Work on multifamily homes, such as townhouses and apartment buildings, jumped 62 percent to an annual rate of 131,000.

Although new construction is relatively restricted in Alameda given the little land to build on and the Alameda point Project still years away, the construction news is good because it is a belief that people will again start buying.

New building permits, which give a sense of future home construction, rose 4.0 percent, the biggest advance since June last year, to 518,000 units in May. That compared to analysts' forecasts for 500,000 units. Compared to the same period a year-ago, building permits plummeted 47 percent.

(Just a quick note: The neighborhood map project is coming along and I have mad several changes from reader comments. Give a look to see if we are getting closer: Map Link)

View Alameda Neighborhoods in a larger map

Monday Listings

1415 WILLOW STREET, Alameda, CA 94501
Priced at $780,000
MLS# 40414844
Property Type: MFR
Lot Size: 4,600 Sq. Ft.
Year Built: 1916
Open House: June 16, 2009

1327 WEBSTER ST #B308, Alameda, CA 94501
Priced at $239,900
MLS# 40414933
Property Type: CONDO/TH
Bedrooms: 1Bathrooms: 1
Square Footage: 701
Lot Size: 36,939
Sq. Ft.Year
Built: 1970

1417 5TH ST, Alameda, CA 94501
Priced at $837,500
MLS# 40414891
Property Type: SFR
Bedrooms: 5
Bathrooms: 3
Square Footage: 2,778
Lot Size: 6,674 Sq. Ft.
Year Built: 1910
Open House: June 16, 2009

931 INDEPENDENCE DR # A7, Alameda, CA 94501
Priced at $450,000
MLS# 40414923
Property Type: CONDO/TH
Bedrooms: 2
Bathrooms: 2
Square Footage: 1,204
Lot Size: 19,123
Built: 1986

1336 LINCOLN AVE, Alameda, CA 94501
Priced at $675,000
MLS# 40414892
Property Type: MFR
Lot Size: 5,400
Year Built: 1906

Alameda Inventory, Sale and Listing

Lots of numbers for you today. I am trying out a new format, along with the Inventory numbers for the week, I am also including sales and listing data. I hope that it is not overload, but I would like to get all of the numbers out of the way one day a week.

Inventory declined this week but remained with in the range of 160. The 94501 had a decline of 12 units from the prior week; the 94502 posted an increase of six units. The biggest decline in the numbers, I track, was the homes with price reductions which saw 11 fewer units on the market.

Last week's low listing of $169,900 went off the market, I was unable to see if it Sold, it may not have posted as of yet. The new low is a $199,000 one bedroom, one bathroom, Condo at "The Shores." It is the only property under $200K currently listed, the next lowest property is $270,000.

The high listing continues to be a 16-unit apartment building on Santa Clara that is asking a cool $2.3 Million. The highest priced single family house for sale is 7 Castlebar Place. This four bedroom, five bathroom three level home is listed at $1,899,000. This three level promontory home has over 1000 square feet of den and master suite. It also has a deck with panoramic views of Bay Bridge and San Francisco. By the way you also get an elevator.

The Island saw 17 new listings for the week. Eleven of the listings are single family home, and five are condos.

The first three sales of the month were squarely in the sweet spot for sales. All three were close to both May's average and median home sale prices of $560,000 and $579,900.

Link to Charts

http://spreadsheets.google.com/pub?key=rHT_qAKPiodUiqr2YOnh45Q&output=html

. Inventory . 6/7/2009 . Total 162 . 94501 123 . 94502 39 . SFR 95 . Condo 40 . Multi-Family 25 . Short Sale 14 . Foreclosure 12 . Price Reductions 55 . High List $2345000 . Low List $199000 . . Sales June 1-7 . Sales Date Address Type Beds Baths Sq Feet List Price Sale Price . 6/2/2009 14 REDONDO CT CONDO 2 3 1631 $540000 $510000 . 6/3/2009 1025 ISLAND DRIVE SFR 4 2 1720 $533610 $585000 . 6/5/2009 248 CHESWICK COURT SFR 3 2 1891 $624900 $625000 . . New Listings . List Date List Price Address zip Beds Baths Sq Feet Type . 6/1/2009 $575000 2110 EAGLE AVE 94501 5 1 1880 SFR . 6/1/2009 $675000 2937 LINCOLN AVE 94501 2 1 1218 SFR . 6/1/2009 $448000 757 EAGLE AVE 94501 2 1 815 SFR . 6/1/2009 $419000 933 SHORELINE DR #305 94501 2 2 1360 CONDO . 6/1/2009 $899000 117 HUDSON BAY 94502 4 3 2476 SFR . 6/1/2009 $995000 108 ANDERSON RD 94502 4 3 2659 SFR . 6/2/2009 $599000 2032 CLINTON AVE 94501 0 0 MFR . 6/2/2009 $318000 1713 THIRD STREET 94501 3 1 970 CONDO . 6/3/2009 $749000 2523 OTIS DR 94501 3 2 2299 SFR . 6/4/2009 $979000 617 DUBLIN WAY 94502 5 3 2569 SFR . 6/4/2009 $449000 1115 VIA ALAMOSA 94502 3 2 1584 CONDO . 6/4/2009 $425000 3414 REDHOOK LN 94502 3 2 1664 CONDO . 6/5/2009 $640000 899 BROADWAY 94501 3 2 1556 SFR . 6/5/2009 $525000 2908 MADISON ST 94501 3 1 1210 SFR . 6/5/2009 $639000 3513 MCSHERRY WAY 94502 3 2 1646 SFR . 6/6/2009 $400000 1819 UNION ST 94501 2 1 997 SFR . 6/6/2009 $739900 2770 SEA VIEW PKWY 94502 4 2 2182 CONDO .

Inventory Monday

As part of the 94501 Real Estate routine, I report the Alameda inventory data each week, but the inventory has been flat for months now and just not real interesting. So, I thought I would take a look at specific part of the inventory, the Million Dollar Listings. Why? Because it a Million and that number always seems to grabs peoples attention and besides it Monday and we need something light.

I put together a short video for you to see the homes for sale in the seven figure range. More to say below:




Of the the 13 listing 10 had one thing in common, access to the water. Marina Drive had the most million dollar listing for a single street; four. All four of the properties face the Estuary and have boat docks. These Marina Drive homes are on the small side with square footage prices that range from $591 to $921 per square foot. I believe $921 is extremely high for anywhere on the Island.

If you can live without the water the home on Dayton is a bargain at $450 per square foot. The six bedroom, five bathroom, 4,000 square foot home is the most expensive listing but it is the only one in the Gold Coast.

Bay Farm Island had two Million Dollar homes, one on the lagoon and the other with a bay view.

The inventory for the Million Dollar Home is very limited and in a few cases it appears to be overpriced. For all you you hard core data people here are the number:

. 5/10/2009 . Total 161 . 94501 125 . 94502 36 . SFR 93 . Condo 37 . Multi-Family 29 . Short Sale 22 . Foreclosure 9 . Price Reductions 61 . High List $2345000 . Low List $162900 .

A Little Late: Alameda Home Inventory

With all the sales data on Monday and the NAR numbers on Tuesday I was a little remiss in reporting the inventory data for Alameda. In a nutshell, inventory went up from the prior week, but remains in the 160-to-170 unit range for the past six weeks.

The current listings median sale price is $688,000 and the average list for this inventory is $726,456. The Island has 100 single family residences for sale and 35 condominiums.

It has been a busy week for listings, from April 27 to May 5 the Island saw 24 homes placed on the market. During that period, a new listing low price was set since I stated the blog back in November. A condo on Otis was listed for $162,900. The most interesting listing, under land for sale, is Thomsen's Garden Center and Vines. The Cafe, Garden Center and Gift shop is listed for $1,300,00 and is a long established business. It has an incredible Victorian building on the lot.

Link to Larger Version of the Chart

Listings for the Week

. List Date List Price Address Beds Baths SQ Feet Type . 5/5/2009 $395000 1213 EAGLE AVE 2 1 909 SFR . 5/5/2009 $549000 2822 CENTRAL AVE 2 1 1196 SFR . 5/4/2009 $660000 2448 ROOSEVELT DR 2 2 1385 SFR . 5/4/2009 $699000 2708 BAYVIEW DR 3 2 1717 SFR . 5/4/2009 $749000 1209 LINCOLN AVE 0 0 MFR . 5/4/2009 $1799000 1600 DAYTON AVE 6 4 4000 SFR . 5/3/2009 $530000 2525 WEBB AVE 3 2 1401 SFR . 5/3/2009 $699000 212 MCDONNEL RD 3 2 1458 SFR . 5/2/2009 $619000 152 ORR RD 4 2 1740 SFR . 5/1/2009 $162900 2025 OTIS DR #A 1 1 719 CONDO . 5/1/2009 $459000 472 TAYLOR ST 0 0 MFR . 5/1/2009 $459000 472 TAYLOR ST 1 1 SFR . 5/1/2009 $685000 2616 BUENA VISTA AVE 4 2 1850 SFR . 4/30/2009 $320000 2418 MARTI RAE CT 1 1 798 SFR . 4/30/2009 $789000 1546 PEARL ST 3 1 1708 SFR . 4/29/2009 $329000 325 KITTY HAWK RD #214 2 1 854 CONDO . 4/29/2009 $515000 414 LAGUNARIA LN 2 2 1534 CONDO . 4/29/2009 $1300000 1113 LINCOLN AVE 0 0 LAND . 4/28/2009 $1150000 1815 SANTA CLARA AVE 0 0 MFR . 4/27/2009 $385000 2101 SHORELINE DR #473 2 2 1115 CONDO . 4/27/2009 $649000 106 CAROB LN 4 2 2018 CONDO . 4/27/2009 $699000 1 COTELLA CT 4 2 2030 SFR . 4/27/2009 $899000 15 ANDERSON RD 3 2 2029 SFR . 4/27/2009 $938000 1611 SAN ANTONIO AVE 4 1 2148 SFR . .

President's Day Inventory Report

Happy President's Day. For those that have the day off, I hope that you enjoy the time away from your daily duties. Since it's the Holiday, I just posted the weekly Alameda Real Estate inventory and the new lisitings numbers. The MLS shows Alameda has 16 new properties on the market; three over a million dollars and two under $200,000. Have a great day.

Alameda Inventory Report

Data pulled February 15, 2009 at 3:30 PM

Total 163

94501 129

94502 34

Single Family Res.  92

Condo 42

Multi-Family 29

Short Sale 27

Foreclosure 13

Price Reductions 65

High List $2,095,000

Low List $159,900

New Lisitings for February 8 to 15, 2009

6 Callen $2,095,000 4 Bedroom, 4 Bathroom

3237 Fernside $1,095,000 4 Bedroom, 3 Bathroom

307 Anderson $1,080,000 5 Bedroom, 3 Bathroom

350 Bryant $880,000 4 Bedroom, 3 Bathroom

120 Norwich $749,000 3 Bedroom, 2 Bathroom

2323 Buena Vista $694,900 multi-family

22 Rutland $659,000 2 Bedroom, 3 Bathroom

547 King $609,000 2 Bedroom, 3 Bathroom

3227 Madison $559,000 2 Bedroom, 2 Bathroom

3230 Sterling $525,000 2 Bedroom, 1 Bathroom

537 Central $525,000 multi-family

3006 Otis $469,900 2 Bedroom, 2 Bathroom

538 Palace $435,000 multi-family

538 Haight $380,000 1 Bedroom, 1 Bathroom

1629 Foley $199,000 1 Bedroom, 1 Bathroom

1333 Webster #A212 $159,000 1 Bedroom, 1 Bathroom

Waiting, Waiting, Waiting . . .

Monday is here and it's numbers day at 94501 Real Estate. This is my regular day to review inventory and new listings to try a figure out what it means for Alameda. The numbers of late have been spinning a tail of an isolated group of people that have been sitting, waiting and remain cautious to make a move until they see what the rest of the Real Estate world does.

Inventory in the housing market is always a good gauge of how the story will unfold in the near future, but in Alameda the inventory has not fluctuated much over the last two months. We have been getting the same answer from the numbers for the past three months.

The group of homes for sale have been in a range of 18 listings of each other, from a low of 146 to a high of 164, over the last eight weeks. Over the last four weeks that ban has narrowed even tighter. It appears that as homes come on the market an almost equal number are being sold or being pulled off the MLS. A good number of buyer are waiting for the market to change before re-listing. (See the listing trend charted by week)

Link to Larger Version

Since sales have been flat the last two months, 21 each in December and January, my guess, yes guess, is that a bulk of sellers are letting listings expire or withdrawing them.

There were a number of new listings this week; 16 total. The most interesting is that there are three Million Dollar listings. The last Alameda million dollar sale I could find was in October 2008 for $1,220,000. There were two million dollar listings that sold in January, but the accepted offer was well below the seven figure threshhold.

So as the market stagnats it appears there will be a need for an outside force to get the market and invetory to change. This may come in the form of further price reductions, tax credits, or credit market free up money to buy. What ever the force(s) are it apppears that buyers and sellers will continue to wait, wait and wait.

Alameda Inventory Report -- February 8, 2009, 9:30 AM

Total 152

94501 120

94502 32

SFR 87

Condo 38

Multi-Family 27

Short Sale 24

Foreclosure 10

Price Reductions 64

High $1,795,000

Low $214,900

Listings for February 1 to 7, 2009 (16 for the week)

123 Old Castle $1,295,000 5 Bedroom; 3 Bathroom

2921 Marina Drive $1,079,000 3 Bedroom; 2 Bathroom

1833  San Antonio $1,055,000 4 Bedroom; 3 Bathroom

39 Lawrence $929,000 4 Bedroom; 3 Bathroom

1 Evans $748,888 3 Bedroom; 2 Bathroom

2903 Bayview $689,000 3 Bedroom; 3 Bathroom

2033 San Antonio $649,000 Multi family

35 McDonnell $649,000 3 Bedroom; 3 Bathroom

2033 San Antonio $649,000 2 Bedroom; 2 Bathroom

423 McDonnell $619,000 3 Bedroom; 3 Bathroom

834 Taylor $489,000 3 Bedroom; 1 Bathroom

1606 Lea $459,000 2 Bedroom; 2 Bathroom

562 Lincoln $450,000 2 Bedroom; 2 Bathroom

1918 Chestnut $379,000 2 Bedroom; 2 Bathroom

2394 Mariner Sq, B-9 $379,000 2 Bedroom; 2 Bathroom

1437 Morton $220,000 1 Bedroom; 1 Bathroom

New Inventory hits the Alameda Market

Thursday to Friday evening was a busy day for Alameda real estate with six new listings coming on the market. Four of the properties were single family residences and the other two were multi-family. Prices ranged from $479,900 to $800,000, and all of the new listings were in the 94501. On Sunday, a property was added to the inventory in 94502.

A little concerning is nearly half of the seven listed properties from the Thursday to Sunday are distressed. A home, 8 Ferro Court and a duplex, 518 Taylor are foreclosures. Adding to the distressed list is a short sale, this is a converted Victorian home with 4 units at 452 Santa Clara.

Since January 1, eight of 26 properties (30%) to be placed on the market have been distressed properties. 

This is something to watch very closely over the next couple of months. Here are the most recent listings and the weekly inventory report.

MLS# 40390312  SFR priced at $610,000*1530 GRAND ST, Alameda, CA 94501
Bedrooms: 3
Bathrooms: 1
Square Footage: 999
Lot Size: 4,410 Sq. Ft.Year 

Built: 1915

Stories: 1

MLS# 40390480  SFR priced at $739,900*

8 FERRO COURT, Alameda, CA 94502
Bedrooms: 3
Bathrooms: 2
Square Footage: 2,030
Lot Size: 3,600 Sq. Ft.
Year Built: 1995
Stories: 2

MLS# 40390041  SFR priced at $540,000*
309 SAND BEACH, Alameda, CA 94501
Bedrooms: 4
Bathrooms: 2
Square Footage: N/A
Lot Size: 5,000 Sq. Ft.
Year Built: 1965
Stories: 1

MLS# 40390059  SFR priced at $800,000*
2614 SAN JOSE AVE, Alameda, CA 94501
Bedrooms: 4
Bathrooms: 2
Square Footage: 2,529
Lot Size: 4,864 Sq. Ft.
Year Built: 1915
Stories: 3
Open House: January 17, 2009

MLS# 40390078  SFR priced at $600,000*
1350 BROADWAY, Alameda, CA 94501
Bedrooms: 3
Bathrooms: 2
Square Footage: 1,381
Lot Size: 7,000 Sq. Ft.
Year Built: 1890
Stories: 2

MLS# 80902277  MFR priced at $699,900*
452 SANTA CLARA AV, Alameda, CA 94501
Square Footage: 2,836
Lot Size: 7,810 Sq. Ft.
Age: 109 years

MLS# 40389963  MFR priced at $479,900*
518 TAYLOR AVE, Alameda, CA 94501
Square Footage: N/A
Lot Size: 6,000 Sq. Ft.
Year Built: 1895

Alameda Inventory Data

Data Pulled January 18, 2007 at 12:00 PM

Total: 153

94501: 121

94502: 32

Single Family: 82

Condo: 39

Foreclosure: 15

Short Sale: 20

Price Reduction: 61

High List: $1,795,000

Low List: $179,900