Alameda Ca Homes For Sale Market Comparison Report (December 2009 Vs. December 2008)
We analyze several housing market indicators in order to present an in-depth breakdown of Alameda Ca Homes For Sale Real Estate Market comparing December 2008 to December 2009.
Summary of Key Points
Alameda Ca Homes For Sale market is on the rise from last year
Median Sales Price Up (+16.27%), Drop in Median Days on Market (-23.41%), and Number of Units Sold Up (+35.71%)
Big Picture: Out of 20 cities analyzed in the East Bay, Alameda has the highest increase in Median Sales Price and is one of 11 cities that saw an increase in the number of units sold .
Alameda Ca Homes for Sale
The city of Alameda experienced a 16.27% increase in median sales price from last year going up from $510,821 (Dec. 08) to $593,919 (Dec. 09). By itself, this increase in median sales price does not reveal much in terms of market recovery however, when compared alongside median days on market and number of units sold, the pieces start to come together. Median days on market for a house in the city of Alameda for December 08 was 51 days compared to a meager 39 days in December 09 and number of units sold is up 10 going from 28 homes sold to 38 homes. The increase in sales price coupled with a 23.41% decrease in median days on market and a 35.71% increase in number of units sold suggests that people are willing to purchase houses despite the increase in sales price. In fact, houses are selling even faster and at a greater quantity compared to December 08.
There is good news for neighboring city San Leandro as well .San Leandro Ca Homes For Sale saw an increase in median sales price as well (6.02%) and a drastic decrease in median days on market (-43.55%). Even though the Oakland Ca Homes For Sale did not see an improvement in the market to the tune of nearby cities Alameda and San Leandro, it does not see a significant decline. Oakland Ca Homes For Sale saw a negligible decrease in median sales price (-2.73%) and an as insignificant decrease in the number of units sold (-2.32%) indicating a similar trend as last year
Read detailed information on Alameda Ca Homes For Sale , Oakland Ca Homes for Sale ,San Leandro Ca Homes for Sale and 55 other major cities in Northern california on our Blog
You can also access Alameda Ca Homes For Sale for viewing the latest market inventory
Homes for sale for MLS Search,
Bank REO / Short Sale Search
Foreclosure Search ( Outside MLS)
Just Listed Properties
Income Properties (1-4 units)
Condo searches
New Construction Homes
In addition you will find comprehensive Lending information on FHA, VA, USDA, Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.
