alameda: First Week of December Okay for Alameda Home Sales - 12/07/09 05:43 AM
With the first week of December already over, just 17 shopping days left for those celebrating Christmas, I wanted to monitor the Alameda sales carefully as we close out the year. The market loses about seven day in the month between the 24th and the 31st for home sales. A few homes will sell and close during the period but for the most part any sale in Alameda has will come in the first 20 days. The month already has seven home sales recorded for December and at that is a good pace to beat last years sales for the final … (0 comments)

alameda: Alameda Home Sales Drop in November - 12/03/09 05:10 AM
After a strong three months of home sales Alameda saw a buying drop 48 percent in November. The positive is we saw a couple or additional sales over November of last year.For the month, Alameda had 34 properties change hands. The best news for home sellers was 16 of the 34 properties sold above the list price. This is a big change in how buyers are reacting in the Alameda real estate market. On average homes are selling right at list price.One reason for the shift is the decline in both the median and average sale price for November. The median … (0 comments)

alameda: Looking at Alameda Housing Compared to the Region - 12/02/09 07:34 AM
Seeing that inventory has dropped in Alameda over the past several weeks I thought it was important to show how the region is performing over the past several months.The SF Bay Area has seen a drop every month for the past 12 months. In November of 2008 the region had 30,668 homes for sale a year later the inventory has fallen to below 15,000 units. It is almost a 28 percent drop in 12 months. From October to November of this year, inventory dropped 2.42 percent for the Bay Area.
For the full post see: http://94501realestate.blogspot.com/2009/12/looking-at-alameda-housing-compared-to.html
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alameda: "A" Bonus fo Alameda - 03/11/09 04:49 AM
I was able to watch the Planning Board meeting yesterday, and for someone that is interested in Real Estate and home construction the discussion over the Density Bonus Ordinance was fascinating stuff. Action on the item was continued to the next meeting but here are the highlights.
 
John Biggs gave the staff report and what I got out of it was the following:
This is an incentive to provide low to moderate income units. Types of project: New residential, Mix-used with 5 or more units, renovation of existing multi-family units with at least five units that increase the number of … (0 comments)

alameda: Taxing Time - 03/10/09 12:08 PM
I came across a press release from the National Association of Realtors® that I thought was a good reminder as the tax deadline rapidly approaches. Congress and the state of California have made a lot of changes through the stimulus package and the state budget that impact home owners. It is crucial tax information that may affect the bottom lines of all homeowners, buyers and sellers.
“Congress has passed new tax laws that will help many people who may be struggling in these challenging times,” said National Association of Realtors® President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in … (0 comments)

alameda: Tumbling Down - 02/25/09 02:43 AM
Read my take on the most recent Case-Shiller Report which revealed that San Francisco saw home values lose more than 30 percent in December. I take a look at how the Alameda Median Sale price has performed in the last two years. The Island saw a 10% decrease from December 2006 to the same month in 2008. The year-over-year change was 4.3%. To Read the entire post pleas go to my blog
http://94501realestate.blogspot.com/2009/02/tumbling-down_25.html
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alameda: The Many Are Not Here - 02/24/09 05:36 AM

Flickr Photo Courtesy of DCJohn
 
Visit: 94501 Real Estate @ http://94501realestate.blogspot.com/
I have purposefully held off on writing about the Federal Government’s new “Homeowner Affordability and Stability Plan” until I had a chance to read all the information and understand how it would impact our fair Island.
As details of the plan came out, I did not hold out much hope that it would do anything for Alameda homeowners. Now that I have a chance to review the fine points of the plan it is proving to be true.
Carolyn Said, a very good real estate writer, over at the … (0 comments)

alameda: Grand New Homes - 01/21/09 08:26 AM

Yesterday was an amazing day in terms of people viewing and following the inauguration events and festivities. I know that my Internet access was very slow yesterday do to the volume of people clicking and streaming to follow the day’s events. Here at 94501 Real Estate it is time to get back to looking at how housing in Alameda is holding up and what the future may hold.
Lost in the news yesterday, New Home Builders gathered in Las Vegas to get a handle on direction that segment of the housing market and where it will head in 2009. Frankly, … (0 comments)

alameda: New Inventory hits the Alameda Market - 01/19/09 07:46 AM
Thursday to Friday evening was a busy day for Alameda real estate with six new listings coming on the market. Four of the properties were single family residences and the other two were multi-family. Prices ranged from $479,900 to $800,000, and all of the new listings were in the 94501. On Sunday, a property was added to the inventory in 94502. A little concerning is nearly half of the seven listed properties from the Thursday to Sunday are distressed. A home, 8 Ferro Court and a duplex, 518 Taylor are foreclosures. Adding to the distressed list is a short sale, this … (0 comments)

alameda: Alameda Sales Data for 2008 - 12/23/08 07:14 AM
With the month and year coming to a rapid close I thought I would take a look at Alameda sales for the year. You can see that 2008 started slow and picked up pace in April and peaked in July. This is a typical pattern for sales. But from the Summer on, as the mortgage crisis built, the second half of the yearsaw a continuing decline in sales, the only anomaly was October. I also wanted to take a look at median home sale price verses average home sale price. The data looks very similar with the average not been much … (0 comments)

 

John Oldham

Alameda, CA

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