Archive for August, 2009
Alameda Inventory Update
I wanted to apologize to the regular readers of the 94501 Real Estate, I got slammed last week with the job and was unable to post most of the week. This week is no better but I will try to get five posts out even if I have to type into the wee hours of the evening.
So on to the Alameda Real Estate. . .
Alameda inventory data for the week is at the bottom of the post and you can look at the individual numbers, but the downward trend for inventory continues. With fewer homes on the market I believe the Alameda market will continue to stagnate.
This week’s low of 146 units ties a low back on February 1. This is also the fewest number of homes for sale in the 41 weeks that I have tracked Alameda home inventory.
What was also concerning to me was the increase in distressed properties for sale on the MLS. The increase was minimal, three additional properties, but none-the-less it was an increase. It shows that prices may have more room to drop.
The foreclosure and short sale properties have a median list price of $509,250. Of the 26 properties four are condominiums and 22 are single family. There are four homes under $400,000. It tells me that even at these price bargain hunters’ interest has not been peaked.
When you take a look at all other listed property the median list price is $683,500. Property at this price point becomes more difficult to find qualified buyers and acquire financing.
There is some good news, sales are up month-over-month and we will take a closer look at how August faired tomorrow.
Alameda Inventory Data
.tblGenFixed td {padding:0 3px;overflow:hidden;white-space:normal;letter-spacing:0;word-spacing:0;background-color:#fff;z-index:1;border-top:0px none;border-left:0px none;border-bottom:1px solid #CCC;border-right:1px solid #CCC;} .dn {display:none} .tblGenFixed td.s0 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s2 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid #CCC;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s1 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-top:1px solid black;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s9 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s7 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s8 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s5 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s6 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:right;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;} .tblGenFixed td.s10 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;border-left:1px solid #CCC;} .tblGenFixed td.s3 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;border-left:1px solid black;} .tblGenFixed td.s11 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;text-decoration:none;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid #CCC;border-bottom:1px solid #CCC;} .tblGenFixed td.s4 {background-color:white;font-family:arial,sans,sans-serif;font-size:100.0%;font-weight:normal;font-style:normal;color:#000000;text-decoration:none;text-align:left;vertical-align:bottom;white-space:normal;overflow:hidden;text-indent:0px;padding-left:3px;border-right:1px solid black;border-bottom:1px solid black;}
|
Walking towards sustainable development
Huffman and Elkind write: “So why is suburban sprawl the norm instead of housing close to shops, cafes and transit? The primary roadblock to this development is local land-use policies.”
Introducing …
The group behind efforts to recall three school board trustees over lessons intended to halt anti-gay bullying introduced themselves to about three dozen people at a town hall meeting Saturday at the Alameda Free Library.
Leaders of S.E.R.V.E. Alameda accused trustees Tracy Jensen, Ron Mooney and Niel Tam of placing a national “LGBT agenda” over the [...]
Parental advisory explicit content
Over the weekend S.E.R.V.E. Alameda hosted a town hall meeting at the Library. I didn’t go so I don’t know what happened.
But to back up a bit, Michele Ellson gave a really good overview of what happened at last week’s School Board meeting, but I wanted to go back and highlight some of the stranger [...]
Police arrest Alameda man in shooting of officer
The Oakland Tribune is reporting that police have identified a suspect in the shooting of an Oakland police officer as Colin Todd of Alameda.
Police said that Todd, 41, fired at two officers who pulled his big rig over early Sunday morning because he was driving erratically, the Tribune reported. They said one officer was shot [...]
New faces populate AUSD
When families return to school today, they’ll be greeted by a host of new faces of folks helming the district and its schools, including new principals at five schools and a quartet of new staffers in the district office.
Bay Farm Elementary’s new principal is Stephen Riave, who has a quarter century of experience in education, [...]
Bay Bridge closing for Labor Day weekend
Thinking about driving into San Francisco during the long Labor Day weekend? Well, get ready to put a few extra miles on the odometer.
In what’s becoming an almost annual rite of passage, Caltrans is shutting down the Bay Bridge this coming Labor Day weekend to perform seismic work. So your options are to take the [...]
Sciurine Sartorial Menace Imperils Alameda Juveniles
Dear Roger,
Yesterday, I was doing some grocery shopping when I happened to notice an Alamedan teen wearing the following T-shirt:
I fear that this is further evidence that the Squirrel population is co-opting the youth of our island. The Squirrel is obviously “protecting” his stash of delicious nuts against the humans of Alameda who might be inclined to enjoy some tasty peanuts, almonds and macadamias. Once the Squirrels have secured their nuts, what will they try to get their paws on next — the trees, the roads, the very island itself? We must arm ourselves against these creatures (which, as you can see, are only able to guard their treasures with simple sticks) and take back the nuts! Once the local teenage populace sees that adults carry guns and not just sticks, they will finally realize who the “cool” ones truly are.
—Edith M. Rigiro
Farmer’s Market has hot rod fun
Today’s West End farmer’s market will have more than just the best fresh produce: They’re turning it into a Hot (Rod) Summer Market with music, classic cars and more.
The market, which is from 9 a.m. to 1 p.m. today (Saturday), will have a mini-car show with cars from La Val’s pizza, a booth with members [...]
Alameda’s “West End” is not losing it’s bus service
While it’s easy to say, memorable, and shocking, the West End of Alameda is not losing its bus service. But unfortunately, this is becoming the framing for AC Transit’s reduction/restructuring plan.
