THE SECOND STORY | March 16th, 2009

February 2009 Sales Stats and Market Charts for A-town!

(see previous post for description of the photo at right which was used as the header photo for the week)

There is activity out there…but I must refer you to the January 8th post in which the title says it all….”Location, Location, Motivation!” If those three rules of real estate for this market are not in place, kiss any offers buh-bye. Activity means offers being made, but the closed sales don’t necessarily reflect that activity. But it’s a step in the right direction.

AND check out last week’s post about challenging your property taxes. It’s got some really important info. You owe it to yourself to at least review it and do your family, friends, and co-workers a favor – share it with them. You may be a real hero!

If you’d like to receive an email notice when the weekly update is posted and when the monthly stats are posted….let me know and I can include you on the list (which is sent BCC so nobody sees anybody’s email address).

If you’ve got questions about a piece of property, want to know about close-to-Alameda-properties (deeply discounted in San Leandro), give a call. Need info about your own tax challenge? Pick up the phone….punch in the numbers, 510-814-4709, leave your message and question(s). I check my messages regularly and my outgoing message is updated at least once daily.

Active listings as of 3/16/09 178, 170 last monthly update
Pending listings as of 3/16/09 60, 62 last monthly update

The chart link below is of value to see the trends year over year. The source is the MLS but Harbor Bay Realty has an exclusive contract with the vendor who preps the data and presents it. I can do amazing searches. But remember – if a listing has been pulled off the market for more than 30 days, then the price and days on market (DOM) start as fresh, eliminating the original price and the previous days on the market. It’s how the system reads the data. Want more background? Give a call.

Feb sales charts year over year Show charts

2 bedroom single family homes (6)

  • Average DOM 38
  • Average sale price $439,000

3 bedroom single family homes (8)

  • Average DOM 54
  • Average sale price $553,875

4+ bedroom single family homes (7)

  • Average DOM 35
  • Average sale price $852,00

2 bedroom apartment style condos (0)

3 bedroom townhomes (0)

4 unit buildings (0)

Note the sidebar for some interesting info about the tax credit. Jumbo loans have moved up to $729K but the rates are quite a bit higher than the 417K conforming loan amount. Expect to pay at least 1 point for all financing.

Have a great day….we all deserve great, productive, joy-filled days.

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!