Readers of the blog will be familiar with the story we have to tell about the real estate market in Alameda — “slowed somewhat, but not bad compared to other areas”.
May’s real estate sales in Alameda were off 15.4% in terms of unit volume from last year, with 55 units selling as against last year’s 65. The average home that sold spent twenty-seven days on market, as compared to sixteen last year. The expired to sold ratio is up, but not alarmingly so, from 4.6% last year to 20% this year. Inventory is fairly low at 2.6 months.
May’s average home sold for $695,011, or 1% over the average list price of $688,891. The median price increased only marginally from May to May, ending up at $665,000, or 1.5% over last year’s median of $655,000. On a sold price per square foot basis, however, appreciation was higher at 6.1%.
This is post 6 of the 50-post blogathon for hunger.