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New Inventory hits the Alameda Market

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Services for Real Estate Pros with ZipRealty
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 is a converted Victorian home with 4 units at 452 Santa Clara.
Since January 1, eight of 26 properties (30%) to be placed on the market have been distressed properties.
This is something to watch very closely over the next couple of months. Here are the most recent listings and the weekly inventory report.
MLS# 40390312 SFR priced at $610,000*1530 GRAND ST, Alameda, CA 94501 Bedrooms: 3 Bathrooms: 1 Square Footage: 999 Lot Size: 4,410 Sq. Ft.Year
Built: 1915
Stories: 1
MLS# 40390480 SFR priced at $739,900*
8 FERRO COURT, Alameda, CA 94502 Bedrooms: 3 Bathrooms: 2 Square Footage: 2,030 Lot Size: 3,600 Sq. Ft. Year Built: 1995 Stories: 2
MLS# 40390041 SFR priced at $540,000* 309 SAND BEACH, Alameda, CA 94501 Bedrooms: 4 Bathrooms: 2 Square Footage: N/A Lot Size: 5,000 Sq. Ft. Year Built: 1965 Stories: 1
MLS# 40390059 SFR priced at $800,000* 2614 SAN JOSE AVE, Alameda, CA 94501 Bedrooms: 4 Bathrooms: 2 Square Footage: 2,529 Lot Size: 4,864 Sq. Ft. Year Built: 1915 Stories: 3 Open House: January 17, 2009
MLS# 40390078 SFR priced at $600,000* 1350 BROADWAY, Alameda, CA 94501 Bedrooms: 3 Bathrooms: 2 Square Footage: 1,381 Lot Size: 7,000 Sq. Ft. Year Built: 1890 Stories: 2
MLS# 80902277 MFR priced at $699,900* 452 SANTA CLARA AV, Alameda, CA 94501 Square Footage: 2,836 Lot Size: 7,810 Sq. Ft. Age: 109 years
MLS# 40389963 MFR priced at $479,900* 518 TAYLOR AVE, Alameda, CA 94501 Square Footage: N/A Lot Size: 6,000 Sq. Ft. Year Built: 1895
Alameda Inventory Data
Data Pulled January 18, 2007 at 12:00 PM
Total: 153
94501: 121
94502: 32
Single Family: 82
Condo: 39
Foreclosure: 15
Short Sale: 20
Price Reduction: 61
High List: $1,795,000
Low List: $179,900