Home > Blogs > Evelyn Kennedy > LIVING IN ALAMEDA

Alameda Market Report - Investment Properties 2011

By Evelyn Kennedy

Real Estate Agent with Alain Pinel Realtors CalBRE#00979900

December 27, 2011 02:16 PM

Alameda Market Report - Investment Properties 2011

During the month of November to the present there were 28 investment properties on the market. Of the total 28 properties 8 sold for a total price of $4,622,000.

The average days on the market for all 28 investment properties was 134. Investment properties in the high range, $900,000 and above, averaged 484 days on the market. Investment properties in the low price range, $300,000 to $400,000 averaged 9 days on the market.

Income property, list price, sold price, days on market

This might be a good time to bid on Residential Income property since there are many more units available than those sold and the units have been on the market an average of 134 days. The average price for these units is $608,944. Most of the units for sale are duplexes and triplexes, 4 are four-plexes and one is a 7 unit building.

Investment properties are attractive now because prices are much lower than they have been. In addition, interest rates are still very low, even for non-owner occupied units.

trees, cars, street, median strip, bushes

Alameda is a wonderful island community. It is known for its fine, tree lined streets, lovely neighborhoods and beautiful Victorian homes. Call me at 510-504-5612 for a free map of interesting places to visit in Alameda.

Re-Blog

Comments(6)

Comment

Show All Comments

Sort:

Charles Stallions Real Estate Services

Charles Stallions Real Estate Services Inc - Gulf Breeze, FL

Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

Great break down and a picture helps sounds like an area that works, good luck Evelyn

Dec 27, 2011 02:18 PM

Evelyn Kennedy

Alain Pinel Realtors - Alameda, CA

Alameda, Real Estate, Alameda, CA

Joyce:

Thanks very much for your kind words. I know market reports of other areas are not very exciting. I appreciate your taking the time to read mine.

Dec 27, 2011 02:22 PM

Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366

Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA

General Contractor, Dry Rot and Water Damage

Excellent breakdown of what is happening in the investment properties in Alameda Evelyn.

Dec 27, 2011 06:56 PM

Roy Kelley

Retired - Gaithersburg, MD

It is certainly a time of great opportunity for home buyers. The selection is big, prices are attractive and the mortgage interest rates are at record low levels. This is wonderful combination.

Happy Holidays! Happy New Year!

Longwood Gardens Orchid House IMG_2339

Photograph by Roy Kelley. Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Dec 27, 2011 11:46 PM

Bryan Robertson

Los Altos, CA

Great recommendation, Evelyn. From what I've heard, that market is one of the best investment markets in the Bay Area, because of pricing, location, and quality of the inventory. Given the low price per bedroom ratio and everything else, investors should take serious note and give you a call.

Dec 28, 2011 02:30 AM

Tom: Thanks for your comment. I appreciate your taking the time to comment on my post. Best wishes for a happy, healthy and prosperous New Year.

Roy: Gorgeous orchid. Yes, it is a great time to buy. Investors need to realize this is the perfect time to buy. Best wished for a happy New Year

Bryan: Thank you, such a nice comment. Best wishes to you and your family for a wonderful New Year.

Dec 28, 2011 03:42 AM

Alameda Market Report - Investment Properties 2011

Comments(6)

Evelyn Kennedy

Real Estate Resources

Additional Information