Whazzup in Alameda? Active and pending, short sales, REOs, and oh yeah, regular sales

Here's a snapshot of what's going on in Alameda CA as of this post.

Ahhhh-lameda --- a Historic and Picturesque Island on San Francisco Bay

ACTIVE AND PENDING SALES

• 117 homes actively for sale
• There 43 pending
  • 11 pending properties are subject to lender approval (short sales or 7% of total active and pending properties)
• 33 are condos (20% of total)
• 17 are townhouses
• 4 are duets
• 111 are detached single family homes (69% of total

Averages

Active listings

• 79 days on the market
• $625,714 list price
• $384/sq ft

Pending

• 63 days on the market
• $508,230
• $367/sq ft

One may surmise that a lower $ cost per square foot may lead to shorter time on the market

REOS AND SHORT SALES

There are 48 REOS and short sales, or 30% of total active and pending homes for sale

• 19 REOs or 12% of total (wow!). Here are the averages:
  • 39 days on the market
  • $539,914 list price
  • $328/sq ft
• 29 Short Sales or 18% of total (another wow!) Here are the averages:
  • 64 days on the market
  • $496,333
  • $400/sq ft

One may surmise, again, that the lower cost per sq ft may lead to shorter time on the market, even though the REO average price is higher than the Short Sale average price