Archive for February 8th, 2010

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Alameda’s Perforce Software: Successful Enough to Stay Put?

With UTStarcom’s news and likely move to China over the next few weeks, it’s worth asking: what companies can be expected to stay around the Island for a while?
Perforce Software – with its bright yellow and purple buildings on Blanding (off Park) — could be one such company.
The company does not have publicly traded stock, [...]


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Increase in Single Family Homes For Sale

This week the Alameda Real Estate Inventory showed a niced increase with an additional nine units for sale. The increase in Single Family Residences was the most positive part of the increase in inventory.

The SFR market was below 60 units for the past seven weeks, so any bump even a small one is encouraging. Since most of the Island’s housing stock is SFRs then an increase in this category is good for the current market, which has been suffering from a lack of inventory. There are 11 news single family listing since last Monday.

New Listings

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List Date List Price Adress Beds Baths Sq Feet Type

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2/5/2010 $648,000 336 LINA AVENUE 4 3.5 3150 SFR

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2/5/2010 $549,000 2015 BUENA VISTA AVENUE 2 1 1318 SFR

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2/5/2010 $619,900 404 KITTY HAWK RD 3 2 1438 SFR

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2/5/2010 $430,000 3116 LA CRESTA 3 2.5 1628 TNHS

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2/4/2010 $450,000 2017 LINCOLN AVENUE 3 2.5 1443 SFR

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2/4/2010 $639,000 404 CAMDEN RD 3 2 1503 SFR

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2/4/2010 $698,000 227 INVERNESS CT 3 2.5 1891 SFR

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2/3/2010 $565,000 7 KINGSBURY COURT 2 3.5 1503 CONDO

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2/3/2010 $470,000 3037 LINDA VI 3 2.5 1628 TNHS

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2/2/2010 $354,900 1819 UNION ST 2 1 997 SFR

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2/1/2010 $250,000 1825 SHORELINE DR #112 1 1 621 CONDO

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2/1/2010 $517,000 1618 6TH ST 2 2 1422 SFR

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2/1/2010 $310,000 447 LINCOLN AVE 2 1 722 SFR

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2/1/2010 $1,300,000 2809 SEA VIEW PKWY 5 3 2744 SFR

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2/1/2010 $779,000 105 SHEFFIELD RD 4 2 1954 SFR

Overall, Inventory still remains low, but relative to the the current sales levels it may be an appropriate level of housing stock until more buyers come to the market. This is the proverbial chicken and egg; in this case buyer and seller. More people will sell when they have people to buy and buyers will buy when there is something that fits their needs to buy.

A shift needs to happen to shake the market loose, but until then I will just continue to monitor the numbers.

Alameda Inventory February 8, 2010

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2/8/2010

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Total 113

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94501 89

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94502 24

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SFR 61

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Condo 31

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Multi-Family 19

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Short Sale 18

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Foreclosure 11

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Price Reductions 29

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High List $1,999,000

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Low List $188,000

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Police investigate suspicious death

Police are investigating what they are calling a suspicious death of a Driftwood Lane resident. The woman’s identity is not yet being released.
Police said the 87-year-old woman, who lived on the 300 block of Driftwood Lane was found dead on her garage floor at 10:49 p.m. Sunday. Police said the woman’s daughter found her after [...]


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Board of Ed to Discuss Master Plan, Parcel Tax

If you haven’t been totally tracking AUSD’s Master Plan process, tomorrow night’s Board of Education meeting would be a good time to catch up. Superintendent Kirsten Vital will be giving a presentation on the district’s proposed plan (you can read a draft of the full version here or flip through…

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Ohhh snap!

So I had promised myself that I wasn’t going to write about Alameda Point until tomorrow, because even though news about the Interim City Manager sending out a Notice of Default to SunCal about their Optional Entitlement Application (OEA) was very interesting news, it could wait given that the Planning Board meeting is tonight and [...]


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Alameda: Who’s in charge?

Friday afternoon saw a continuation of the ever popular “Alameda, who’s minding the store?” soap opera. As reported Friday by The Island , the City of Alameda sent a letter to Suncal telling them that they were in default on the Exclusive Negotiating Agreement (ENA) for Alameda Point. However,…

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UPDATED On Point: A recap

Updated 1:53 p.m. Monday, February 8
Last Tuesday, Measure B took a decisive drubbing at the polls – putting the decisions about what to do with Alameda Point and whether to move forward with SunCal back into the hands of city leaders. SunCal still has an exclusive agreement with the city to negotiate a development deal [...]


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Under the Dome

Thanks to reader Richard Bangert for sending along this photo of Rock Wall Wine Company’s tasting and event space in progress. Two years in the making, the 33-foot-high geodesic dome (or GeoDome) is just about open for business. The GeoDome will hold a tasting room for the nine wineries at Rock Wall and crowds of [...]


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City may extend design permits

The crappy economy is slowing up home and other construction projects, fo’ shizzy. So the Planning Board, in an effort to save everyone some time and a few bucks, is set to consider extending design review permits at its meeting tonight.
The permits are now good for a year, plus a one-year extension. The board is [...]