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 .