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ALAMEDA 2011 FIRST QUARTER MARKET REPORT- ALAMEDA, CA
ALAMEDA 2011 FIRST QUARTER MARKET REPORT- ALAMEDA, CA Just like the rest of the nation, Alameda'sreal 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.
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.
Interestingly, homes with more bedrooms sold faster than those with fewer bedrooms.
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, CRS, SRES, ePro
CALL ME AT 510-504-5612 ORVISIT MY WEBSITE FOR FREE ALERTS FOR HOMES IN ALAMEDA, OAKLAND, EMERYVILLE, SAN LEANDRO, SAN LORENZO AND CASTRO VALLEY
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.