ALAMEDA 2011 FIRST QUARTER MARKET REPORT- ALAMEDA, CA

 

ALAMEDA 2011 FIRST QUARTER MARKET REPORT- ALAMEDA, CA  Just like the rest of the nation, Alameda's real estate is a state of flux.  The First Quarter 2011 statistics show some interesting trends.  The data is not guaranteed to be accurate but is derived from verifiable sources, EBRD and Terradatum. 

 

It's not news that homes priced correctly sell quicker then those that are priced too high.  The following are some statistics which show just that.  Of the 73 homes sold in the first quarter 2011 in Alameda those that were priced right sold within weeks.  Homes that were priced too high languished on the market for an average of 100 days.

 

Alameda 2011 1st quarter stats, Gallagher & Lindsey, Alameda Real Estate, Evelyn Kennedy

More good news about pricing your home correctly.  Those homes that were priced right sold at or near the asking price.  Alameda homes that were priced too high and finally did sell sold but for 86% of the asking price.

 

Alameda 2011 1st quarter stats, Gallagher & Lindsey, Alameda Real Estate, Evelyn Kennedy

 

Interestingly, homes with more bedrooms sold faster than those with fewer bedrooms. 

 

Alameda Real Estate Sales Statistics 2011 Evelyn Kennedy Realtor

 

Additionally, detached home in the $300,000 to $599,000 range had been selling well.  These homes are about 36% of the total market.  This market segment is cooling slightly, with increased days on the market and more price reductions.  It is now the highest segment for distressed properties.

 

Detached home for sale in the $600,000 to $899,000 price range are strong with a slight increase in days on the market but with little or no price reductions.  This market segment is 27% of the total market.  There is a slight increase in distressed properties in this price range.

 

Detached homes for sale at or above $900,000 are the smallest segment of the market at 4%.  These homes are in demand, sales are brisk and buyers are paying the listing price or more.  Few of these properties are distressed. 

 

I know the data and I have the knowledge of the market conditions in Alameda.  My knowledge provides an advantage to you whether you are a buyer, seller or investor.  Please call me and let me help you.

 

 

 

I CAN HELP YOU BUY OR SELL REAL ESTATE IN ALAMEDA, CALIFORNIA

EVELYN KENNEDY

EVELYN KENNEDY, CRS, SRES, ePro

CALL ME AT 510-504-5612 OR VISIT MY WEBSITE FOR FREE ALERTS FOR HOMES IN ALAMEDA, OAKLAND, EMERYVILLE, SAN LEANDRO, SAN LORENZO AND CASTRO VALLEY


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EMAIL ME AT EVELYN@EVELYNKENNEDY.COM

 

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3 Comments on ALAMEDA 2011 FIRST QUARTER MARKET REPORT - ALAMEDA, CA

MAY
05
2011

Interesting post, Evelyn - we have similar stats, in our area, for the residential detached.  Great to see you are posting this info in a way that consumers can easily relate.
2:00pm • #1
548,216 Points 9 Featured Posts Outside Blog Called Shot Master

Karen:

Thank you for your comments. I hope the stats are easy to understand.  I appreciate your comment.
4:00pm • #2
MAY
07
2011
292,425 Points 20 Featured Posts Outside Blog Called Shot Master

Hi Evelyn,

I like your graphs.  Two bedroom homes sold slightly faster than three bedrooms.  How things change; when I started ('76) agents didn't want listings on 2 bedrm houses because they didn't sell.  Smaller families and higher prices changed that.

I image the markets in Alameda and Santa Clara markets are generally similar. (I'm not positive because I've never sold a home in Alameda county.)  Our listings are way down here--lowest in 14 years.
12:40am • #3


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Evelyn Kennedy, Alameda Real Estate, Alameda, CA

Alameda, CA

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Gallagher & Lindsey, Alameda, California

Address: Alameda, Oakland, Emeryville, San Leandro, Castro Valley, San Lorenzo, Alameda, CA, 94501

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