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%

Wrap On 2009 Alameda Home Sales

So it is time to wrap up 2009 Alameda Homes sales with December’s numbers and the totals for the year. My disclaimer: The data is what is reported on the Multiple Listing Service and is not a complete picture of all sales, but it does give a good image of what (or did not) happened in terms of sales.

First the December 2009 sales numbers were good, with 39 transactions recorded. This is one more sales than November, and an 85 percent year-over-year increase. The median sale price for the last month of the year was $569,000 and the average was $610,741.

December recorded two million dollar sales. Twenty eight of the sales were single family residences, nine condo/townhome and two multi-family.

The last half of the year really picked up in terms of sales volume and made 2009 much better than 2008.

The total number of sales for 2009 was 492 units for a total dollar value of $278,995,615. Compared to 2008 when the Island had 463 sales for $288,519,712. So we had more sales, but less dollar volume.


The median sale price in 2009 was $555,000 and the average was $567,064. Alameda had 298 property sales under $600,000.

Single family residences accounted for 332 sales in 2009 with 14 properties selling for more than a million dollars. A home on Bay Street was the top sale at $1,917,828; the low sale was $135,000.

As the year moves forward it appears that Alameda market did make a turn towards recovery, but the only thing I can say is 2009 was better than 2008 and my hope is 2010 will be even better.

Weekly Inventory

. . 1/11/2010 . Total 102 . 94501 83 . 94502 19 . SFR 59 . Condo 21 . Multi-Family 20 . Short Sale 19 . Foreclosure 11 . Price Reductions 32 . High List $1,999,000 . Low List $215,000 .