Alameda’s real estate market in September of 2005 featured strong sales and low inventory, though showed some signs of cooling from last year. Residential unit volume was down, from 69 last September to 55 this year.
The average home sold for $660,231 in September, a full 3.0% over the list price of $660,231. This difference between sale price and list (or “swing”) was up, from 2.4% over list in September 2004. The median sale price this year was $670,000. Sale prices appreciated 16.5% from September to September, but actual cost per square foot increased 23.4% during the same period. Inventory of residential units was 1.8 months as of today, based on September’s units sold.