Snap shot of Alameda real estate market - June 4 - June 10, 2012
This is a snap shot of the Alameda real estate market activity for June 4 - June 10, 2012:
New homes on the market..................................................................14
Price changes........................................................................................5
Homes that sold..................................................................................19
Pending activity - all not just last week................................................147
All properties currently on the market...................................................60
Condos currently on the market...........................................................13
Townhouses currently on the market....................................................13
Distressed properties:
Bank Owned properties.........................................................................9
Short Sales...........................................................................................3
Average days on the market................................................................40
(including distressed properties)
The snap shot shows that inventory of all properties remains at 60 properties. Last week the total properties on the market was also 60. Sales increased 42% this week from last week. The number of condos and townhouses has increased slightly since last week(11). Distressed properties, mainly bank owned properties has increased slightly since last week(7).
The average days on the market for all properties has dropped 9%. Prices are still rising very slowly and inventory of all types of properties is still low. It is still a good time to buy a home or income property since prices are far below historic highs and interest rates are phenomenally low. Statisticts from EBRDI.
Looking for a home in the Alameda. I know the market and can help you. Call or text me at 510-504-5612. Or go to my webpage and leave a message. Follow me on my Facebook page Living In Alameda.
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