Evelyn Kennedy, Alameda Real Estate, Alameda, CA (Gallagher & Lindsey, Alameda, California)
Snap Shot of Alameda real estate market - May 6, 2013 to May 20, 2013
This is a snapshot of the Alameda real estate market activity May 6 to May 20, 2013, a two week period:
Last week’s totals as compared with previous 2 weeks........5/6/2013 5/20/2013 New homes on the market........................................................18.............34 Price changes..............................................................................4...............8 Homes that sold........................................................................10 …..........26 Pending activity - all not just last week........................................87.............83 All properties currently on the market..........................................34.............45 Condos currently on the market...................................................5...............7 Townhouses currently on the market............................................4...............4 Distressed properties: Bank Owned properties..................................................................4.............4 Short Sales....................................................................................1.............2 Average days on the market.........................................................19...........14 (including distressed properties) Average sales price of single family homes..........................$667,316......$638,367
Realtors are still looking for more inventory. The number of properties on the market is 45 as of today, May 20, 2013. Pending activity has stabilizied which is continuing the trend for active properties to quickly go to pending.
This trend is making the market particularly difficult for first-time home buyers. Most homes are selling above their asking price. Home owners are coming to the realization that now is the time to sell a home.
Buyers are looking for three bedroom single family homes. The number of sales of 3 bedroom homes sales surpasses all others.
Townhouses are very desirable now, especially 3 bedroom townhomes. Buyers are snapping up townhouses because of their location, most are on Bay Farm Island, good schools and pleasant neighborhoods.
The snapshot of the Alameda market shows that the number of new
homes
Average sales price has decreased from $667,316 the previous week to the current week’s sales price of $638,367. The fluctuation in closing sales price relates to the prices of those homes closed. 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. The average days on the market jumped 2 fold from last month and that is probably due to short sales closing. Short sales typically take 6 to 9 months.
Prices have climbed but there are still good values in
Alameda.
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.
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.
I CAN HELP YOU BUY OR SELL REAL ESTATE IN ALAMEDA, CALIFORNIA
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 DRE#00979900 EMAIL ME AT EVELYN@EVELYNKENNEDY.COM
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Sunday,
May 19, 3:00 to 6:00 pm. at Ploughshares
Nursery, 2701 Main Street in Alameda. Guests will
enjoy a farm-to-table tasting menu highlighting produce grown by
the Farm2Market project, the agency's urban farm program,
cocktails, garden tours, live music, dancing, classic cars and
more. Live Music by Cha Ching. This funky East Bay
latin band plays afro cuban rhythms with engaging "coros y
pregones:, singable melodies, and exciting solos for your dancing
pleasure. Cha Ching creates a unique and soulful sound through a
mixture of salsa, cumbia, reggaeton, and samba. There will be
custom Cocktails by St. George Spirits. The garden party will
be held “Rain or Shine!”
Things to
Do in Alameda

Things to do
in Alameda: 











Evelyn Kennedy, Alameda Real Estate, Alameda, CA
Agent
