THE SECOND STORY | January 2nd, 2020

And another decade begins!

 

I sincerely hope you had lovely, peaceful holidays…and may that stay with you throughout the year. I know I needed a break…besides getting a load of items accomplished, I did take the time to think things through…or at least I attempted to!

ALAMEDA Real Estate this Week

 

Definitions:

MLS=Multiple Listing Service 

AC= active contingent=the buyer needs to sell something before s(he) can complete the transaction. In this instance, another buyer might write a back-up offer. If the primary buyer can’t meet the contract deadlines, it’s bye-bye to the first buyer. And the back-up offer moves into the primary position. Be sure your agent explains all of this to you! You do NOT want to lose your deposit to the Seller.

BOM=back on the market (could be that the buyer had some conditions in the contract that s(he) couldn’t meet in a timely manner.)

PCH= price change (seller either raised or dropped the price)

PSB=pending sale (seller & agent wants backup offers)

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Broker Tour Tues 0 (we’ll start fresh next week)

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Active listings 16 (including 16 active, 2 AC, & 1 PCH)

Pending listings 21

Sold listings 35

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Market Stats for active listings

Days on market high = 970

Days on market low = 14

Days on market average = 173

Days on market median = 56

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Market Stats this week for sold listings

Days on market high = 124 

Days on market low = 0

Average Days on market = 29

Median Days on market =  18

That’s a wrap for this week!

Let me know if you have questions about the market. I don’t pretend to know the future, but I have learned through past experiences. And certainly, I can learn from what your own observations are!

 

best, marliyn

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Marilyn

I arrived in Alameda in 1973, as a new bride...with husband Carl Schumacher, both of us from Newport Beach. He was embarking on his career as a Naval Architect (i.e. yacht designer) under Gary Mull. Please see the 'ABOUT ME' page in this website! www.MarilynSchumacher.com to see how it has all turned out! I'm so blessed!