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Alameda weekly sales stats April 18-25

Make of these stats what you will.  First off nothing closed at list price this last week.  I also double check the original list price so that this chart acurately reflects the original list price of the property.  Prices of closed properties are coming closer to the original list however it would seem to suggest that sellers are still overvalueing their property compared to buyers.

There are currently 149 active listings on the market and 77 pending.
I often wonder how many of these 149 could sell if they were priced properly.
Price is still the driving force in this market.  It is usually in every market however buyers are taking a wait and see attitude with many of the homes and they are still mostly in the drivers seat.  The occasional property still gets multiple offers, however this is the exception and not the rule these days.

DOM refers to days on market (very important) LP is list price SP is sold price BR, bedroom Bth, bathrooms BT is building type

AddressDOMLPSPBRBthSqFtBT% sold list
3215  MONTE VISTA AVE53$599,000.00 $575,000.00 211202DE   96%
2904  SAN JOSE AVE2$719,000.00 $700,000.00 321968DE   97%
1530  EASTSHORE DR15$998,000.00 $982,325.00 311912DE   98%
1050  OTIS DR70$749,900.00 $672,000.00 321837DE   90%
10  Anderson Rd8$929,000.00 $915,000.00 422403DE   98%

Published Friday, April 25, 2008 9:07 AM by Philip Kaake

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