Snap Shot of Alameda real estate market - Sept. 24 to Oct. 1, 2012

Snap Shot of Alameda real estate market - September 24 to October 1, 2012


This is a snapshot of the activity September 24 to October 1, 2012:

New homes on the market...........................................................9
Price changes...............................................................................4
Homes that sold.........................................................................12
Pending activity - all not just last week.......................................137
All properties currently on the market..........................................42
Condos currently on the market....................................................9
Townhouses currently on the market............................................5
Distressed properties:
Bank Owned properties................................................................3
Short Sales..................................................................................6
Average days on the market.......................................................14
(including distressed properties)
Average sales price of single family homes........................$565,916


The snapshot of the Alameda market shows that the number of new homes
on the market last week are very close to last week’s statistics. Pending activity remains very close to the previous week.  

Average sales price has spiked this week from $518,805 the previous week to the current week’s sales price of $565,916.  A snapshot of the Alameda real estate market does not show a true picture of the market trend.  More time is needed to determine trends.

Prices have climbed but there are still good values in Alameda.
This is still a good time to be looking for a home since interest
rates are very low in 3% - 3.5% range.  The low inventory may be the
only impediment to finding a home.  However, new homes have continually
come on the market this summer.  Buyers need to have an agent who
watches the market frequently and knows what is available now.


Looking for a home in the Alameda? I have lived in Alameda for nearly 40 years. I know the market and can help you buy a home in Alameda.  I can send an email to you every day of any new activity on the market.  Call or text me at 510-504-5612. Follow me on my Facebook pages Living in Alameda and 101 Things to Do in Alameda.