Residential home sales in Alameda, California put in a strong showing in October. Fifty-six units were sold in October, down somewhat from last year’s 72 units, but average days on market are slightly lower this year last, from 22 days on average down to twenty.
The average home sold in Alameda for $686,223, or 102.1% of the average list price of $671,872. The median sale price was $687,498. Last October’s average sale price was $575,951, so homes have appreciated 19.1%. However, since this year’s homes were slightly larger overall, the appreciation adjusted for square footage was 15.1%.
With continued brisk sales in October, inventory remains just under two months worth.