Alameda February Sales

So the numbers are in and there is good news and bad.

First the good the Alameda Sales for February are higher than in 2008. The month had the first million dollar sale since October of last year (my post on Million Dollar Homes). The luxury home, 12 Callan Place, on Bay Farm found new owners which paid $1.85 Million. According to Trulia the property last sold for Sold for $990,000 on April 9, 1996

The bad is it was 2009 sales were 22 just one more than the year before and inventory on the Island grew this week to a 14-week high of 168 units as yesterday.

I think more than anything the numbers have showm that the Alameda market is tepid. Not much has changed in inventory and a sales. Something has to give, price will continue to decline as inventory gros this provide more opportunity for new buyers or the financial conditions in the market will imporove and buyers will again begin seaching for homes.

Lots of charts below: Sales for the month, Monthly Sales Trends, Weekly Inventory and New Listings

 

 February Sales

Larger Version

Sales Trend by Month

Larger Version

Weekly Inventory Numbers

8-Mar-09
Total	169
94501	133
94502	36
SFR	92
Condo	47
Multi-Family	30
Short Sale	27
Foreclosure	12
Price Reductions	66
High	$             1,795,000
Low	$                214,900

Weekly Listings

 

New Listings
Date	Address	List Price	Bed	Bath	SqF	Type	$ per SQF
3/6/2009	1527 Willow	$    724,500	0	0	N/A	MFR
3/6/2009	1626 Alameda	$ 1,145,000	0	0	N/A	MFR
3/6/2009	1305 Webster #C200	$    258,000	2	1	843	Condo	$  306.05
3/6/2009	1304 Morton	$    975,000	3	3	2,064	SFR	$  472.38
3/5/2009	538 Palace	$    435,000	3	2	1,740	SFR	$  250.00
3/5/2009	2106 Otis #C	$    307,500	2	2	1,078	Condo	$  285.25
3/5/2009	1616 Cornell	$    749,500	3	1	1,487	SFR	$  504.03
3/5/2009	104 Inverness	$    729,000	3	2	1,522	SFR	$  478.98
3/5/2009	107 Orr	$    647,000	4	3	1,740	SFR	$  371.84
3/5/2009	735 Palmera	$    998,000	3	3	2,927	SFR	$  340.96
3/5/2009	259 Capetown	$    799,000	4	3	2,388	SFR	$  334.59
3/4/2009	1170 9th #13	$    289,000	1	1	577	Condo	$  500.87
3/4/2009	12 Regulus	$    520,000	2	2	1,443	Condo	$  360.36
3/4/2009	541 King	$    645,000	3	3	1,946	SFR	$  331.45
3/3/2009	1081 Island	$    459,000	3	3	1,730	Condo	$  265.32
3/2/2009	351 Magnolia	$    699,000	4	3	2,149	SFR	$  325.27
3/1/2009	2137 Otis #102	$    350,000	2	2	1,090	Condo	$  321.10