Market Report of Alameda real estate activity 1/20/2014 to 1/27/1414

Market Report of the Alameda real estate activity 1/20/2014 to 1/27/14

Last week’s totals from 1/20/2014 to………..………….…………………….1/27/2014

New homes on the market................................................................11

Price changes......................................................................................2

Homes that sold.................................................................................3

Pending activity - all not just last week...............................................49

All properties currently on the market.................................................28

Condos currently on the market..........................................................4

Townhouses currently on the market...................................................5

Distressed properties:

Bank Owned properties.......................................................................1

Short Sales.........................................................................................0

Average days on the market..............................................................52

(including distressed properties)

Average list price of the sold homes…………………………………….……...$682,666

Average sales price of single family homes.................................$683.333

Inventory continues to increase, but at a slow rate.  As of today there are only 28 properties on the market in Alameda.

Two single family homes and 1 condo sold during the week from January 20 to January 27.  The sales prices ranged from $520,000 for a 2 bedroom 2 bath condo which was on the market for 126 days.  The condo had an accepted offer which fell apart.  The condo was put back on the market and closed with the second offer.  The two single family homes sales ranged from $700,000 for a 2 bedroom 2 bath home on East Shore to $856,000 for a 4 bedroom, 2.5 bath home in Bay Port development.

Eastshore Drive and Kingfisher Street

My snap shot of the Alameda real estate market reports are important and provide valuable information over the long run.  But, if you want to know your property’s current market value, or what you should offer on a particular property, you need a Comparative Market Analysis which will comparelike properties; apples to apples and oranges to oranges.

Alameda Bay Farm Island Lagoon viewed from bridge

Looking for a home in the Alameda? Alameda is a lovely city and a great place to live.  I have lived in Alameda for 40 years. I know the market and can help you sell or buy a home in Alameda.  I will 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 Search for Alameda Homes.