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Percent of Change in Alameda Real Estate

By
Services for Real Estate Pros with ZipRealty

Lots of Real Estate numbers for you today. The first set is from the SF Gate, reporting sales in the month of October and comparing percent of change in the average price of home sales. It appears Bay Farm/Harbor Bay is taking a bigger hit on pricing compared to the 94501.

After seeing these I was curious what the November numbers are: So, I created my version of the report for the past month. I looked at both 2007 and 2008 so we would have a year-over-year comparison. Again it showed that the 94502 was taking hit with lower list and sales prices but it also showed that the 94501 has fewer listing this year compared to 2007.

At the bottom is this week's inventory data. The inventory shows, as expect in the slower Winter months, that inventory has declined by 15 total units since I pulled the data on November 15. Single family residence inventory is down by 11 units.

SFGate

Oct 2008 Ave Price

% of Change

Dollar Difference

Oct 2007 Ave Price

$ 570,000.00

19.1%

$ 108,870.00

$ 678,870.00

$ 525,000.00

29.8%

$ 156,450.00

$ 681,450.00

County

Alameda

County

Alameda

City

Alameda

City

Alameda

ZIP

94501

ZIP

94502

Sales

40

Sales

13

% change in sales

-4.80%

% change in sales

85.70%

Median price

$570,000

Median price

$525,000

% change in median price

-19.10%

% change in median price

-29.80%

High price

$959,000

High price

$1,220,000

Price per square foot

$406

Price per square foot

$453

% change in price per sq ft

-12.40%

% change in price per sq ft

7.00%

Nov-08

CITY

ZIP

Number of Listings

Average List Price

Average Sale Price

Alameda

94502

10

$671,735.50

$654,100.00

Alameda

94501

22

$608,129.45

$601,419.09

Nov-07

CITY

ZIP

Number of Listings

Average List Price

Average Sale Price

Alameda

94502

11

$765,990.91

$737,909.09

Alameda

94501

33

$657,799.97

$651,909.09

November Year over Year

CITY

ZIP

Number of Listings

Average List Price

Average Sale Price

Alameda

94502

-1

$ (94,255.41)

$ (83,809.09)

Alameda

94501

-11

$ (49,670.52)

$ (50,490.00)

Weekly Inventory Report -- Total Alameda Inventory

Data Pulled December 14, 2008 at 12:00 PM

Total Listings: 168

Single Family Residences: 97

Condominiums: 40

Multi-Family: 31

Short Sales: 20

Foreclosures: 11

Price Reductions: 62

Highest List Price: $1,995,000 – 4 Bedroom; 4 Bathroom; 3,876 Square Feet

Lowest List Price: $199,900 – 1 Bedroom; 1 Bathroom; 710 Square Feet; Foreclosure