September Home Sales in Alameda Start Slow

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


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


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


September Sales to date:

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

September: Best Alameda Home Sales Month of 2009

Back from vacation, so a little late on some Alameda Real Estate reporting. Today is my attempt to get caught up with what is happening in the world of home sales for the Island.

September proved to be the best month of the year for sales. According to the Multiple Listing Service (MLS) September’s 53 sales topped August by one sale. These two months account for 34 percent of this year’s sales.

It was good to see sales moving again. The late summer surge allowed for sales to make up some ground on 2008. For the same time period (Jan-Sept), 2009’s 314 sales are just 29 transactions behind 2008. Both years are far behind 2007 that saw 438 sales for the same period and had a year-end total of 556 homes trading hands. The past two years have seen a 100 less sales then the high of 2007.

September’s sales show a nice upward trend from the low of 21 sales in January. Median home price moved slightly upward from $505,500 in August to $517,000 this past month.

The most interesting thing to me was 23 properties sold fro or above list price. On average all the sales were at 100 percent of list price. This is a sign that price have hit bottom or people are aggressively pricing their homes. It appears that multiple offers are starting to come back with the decrease in inventory.

Sales for September broke down the following:
Total Sales: 53
Median Sale Price: $517,000
Average Sale Price: $562,064
Single Family Residences: 34
Condominium: 16
Multi Family: 3
High SFR: $1,622,500
Low SFR: $199,000
High Condo: $646,000
Low Condo: $199,000

Daily Sales

. Sale Date Address Type List Price Sale Price % . 9/1/2009 2448 ROOSEVELT DR SFR $599,950 $575,000 96% . 9/2/2009 339 BROADWAY #208 CONDO $295,000 $290,000 98% . 9/2/2009 757 EAGLE AVE SFR $428,000 $410,000 96% . 9/2/2009 145 BASINSIDE WAY SFR $642,000 $645,000 100% . 9/2/2009 735 PALMERA COURT SFR $998,000 $889,000 89% . 9/2/2009 2170 PACIFIC AVE SFR $407,000 $407,000 100% . 9/3/2009 1324 BAY ST SFR $825,000 $798,000 97% . 9/4/2009 3318 WASHINGTON CT SFR $850,000 $850,000 100% . 9/4/2009 2418 MARTI RAE CT SFR $320,000 $340,000 106% . 9/4/2009 3045 MARINA DRIVE SFR $950,000 $950,000 100% . 9/5/2009 537 PALACE CT MFR $469,900 $500,000 106% . 9/9/2009 635 CENTRE CT CONDO $530,000 $530,000 100% . 9/9/2009 1173 BROADWAY MFR $765,000 $745,000 97% . 9/9/2009 22 MOORE CT SFR $839,000 $820,000 98% . 9/9/2009 1822 NASON ST SFR $530,000 $520,000 98% . 9/9/2009 1600 DAYTON AVE SFR $1,799,000 $1,622,500 90% . 9/9/2009 250 BRYANT AVE SFR $898,900 $858,000 95% . 9/10/2009 1227 BROADWAY SFR $514,500 $487,000 95% . 9/10/2009 305 SHELL GATE ROAD SFR $599,000 $602,000 101% . 9/10/2009 3513 MCSHERRY WAY SFR $609,000 $590,000 97% . 9/11/2009 3025 FLORA VISTA CONDO $399,900 $415,000 104% . 9/11/2009 1126 HOLLY STREET CONDO $459,000 $450,000 98% . 9/11/2009 1305 CROWN DR CONDO $679,900 $646,000 95% . 9/11/2009 713 PACIFIC AVE SFR $449,000 $485,000 108% . 9/14/2009 757 PACIFIC AVE SFR $250,000 $300,000 120% . 9/15/2009 955 SHOREPOINT CT. #113 CONDO $215,000 $220,000 102% . 9/16/2009 2101 SHORELINE DR #240 CONDO $439,000 $425,000 97% . 9/16/2009 1311 WEBSTER ST #E101 CONDO $232,900 $240,000 103% . 9/16/2009 1843 WOOD STREET SFR $399,000 $378,000 95% . 9/17/2009 22 FERRO CT SFR $715,000 $675,000 94% . 9/18/2009 2914 BAYVIEW DR SFR $679,000 $665,000 98% . 9/18/2009 1805 SHERMAN ST SFR $249,900 $245,500 98% . 9/22/2009 1160 BISMARCK LN. CONDO $409,000 $400,000 98% . 9/22/2009 2323 BUENA VISTA AVE MFR $474,900 $510,000 107% . 9/22/2009 1026 FOUNTAIN ST SFR $575,000 $568,000 99% . 9/23/2009 2030 SAN ANTONIO AVE SFR $785,000 $760,000 97% . 9/23/2009 228 DIAPIAN BAY SFR $759,000 $739,999 97% . 9/23/2009 440 CAMDEN RD SFR $598,880 $580,000 97% . 9/25/2009 1810 CENTRAL AVE #209 CONDO $388,000 $388,000 100% . 9/25/2009 955 SHOREPOINT CT. #209 CONDO $199,000 $199,000 100% . 9/25/2009 2068 CENTRAL AVE SFR $749,000 $815,000 109% . 9/25/2009 2716 SAN JOSE AVE SFR $439,700 $517,000 118% . 9/25/2009 2 STONE HBR SFR $885,000 $870,000 98% . 9/25/2009 112 SABLE PT SFR $875,000 $867,000 99% . 9/28/2009 928 SAN ANTONIO AVE SFR $533,000 $475,000 89% . 9/28/2009 6 ELLIS CT SFR $709,000 $699,000 99% . 9/29/2009 3031 LINDA VISTA CONDO $419,000 $419,000 100% . 9/29/2009 2133 SANTA CLARA AVE #323 CONDO $299,000 $299,000 100% . 9/29/2009 22 LEONARD COURT SFR $589,900 $589,900 100% . 9/30/2009 931 INDEPENDENCE DR # A7 CONDO $429,000 $429,000 100% . 9/30/2009 3032 ALTA VISTA CONDO $445,000 $442,500 99% . 9/30/2009 325 KITTY HAWK RD #214 CONDO $278,000 $270,000 97% . 9/30/2009 709 HAIGHT AVE SFR $379,000 $379,000 100% .