THE SECOND STORY | November 4th, 2008

Autumn Rose Havest PLUS September and October sales stats for A-Town!

How amazing is Alameda that we can have incredible harvests of so many fruits, vegetables, and flowers year round? And the specimens in the blog photo are proof! I picked over two dozen roses just before Halloween!

Onward to biz!

Please remember that these prices are averages only. In order for a proper assessment of value to be made, location (lagoon or deep water or mixed used neighborhoods, location within townhome or condo complexes), amenities (interior and exterior upgrades) consistent maintenance or lack thereof, and age/style (ranch, Victorian, single level) greatly affect market value. Also keep in mind that micro market conditions influence value.

I am finding myself spending some serious time with Sellers attempting to see if there may be alternatives to selling that might allow them to ride out the market if their equity position is not strong OR if the market cannot meet their expectations.

What is most interesting perhaps is how few properties are selling.

DOM is Days on Market which may be skewed if the agent churned the listing (re-inserted it as new).

Alameda September Sales Stats

2 bedroom single family homes

3 bedroom single family homes

4 bedroom single family homes

2 bedroom apartment style condos

3 bedroom townhomes

4 unit apartment buildings

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Alameda October Sales Stats

2 bedroom single family homes

3 bedroom single family homes

4 bedroom single family homes

2 bedroom apartment style condos

3 bedroom townhomes

4 unit apartment buildings

  • 0

Please call if you have questions about the market and how your property might fit into it at the time. The size of the inventory, properties actually selling, DOM, properties that are competing in the price point that may be appropriate to the subject, sales that don’t go back more than about three months (current appraisal guidelines), and the type of financing available ALL combine to paint the picture of the existing market. Then factor in the items that started this post and you’ve got marketability!

Carry on! Marilyn

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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!