A Surge!
A Surge! After talking to an appraiser the other day at my listing at 992 Post St. he mentioned that he was seeing a surge in sales in certain areas. My listing will be closing this week and received mulitple offers. I have also had conversations with other agents who have had mulitple offers on their properties as well. I recently had the accepted offer on a property for buyers at 807 Santa Clara Ave and this home also received multiple offers.
While it is always true that the best properties are the ones getting attention it is nice to have a market that is showing signs of strength rather than signs of weakness.
We have had a couple more foreclosures come on the market recently. This tends to drag property values down however these are still not the majority of homes in Alameda. Some of those have gone pending and even some of those have had multiple offers.
It may be too early to tell if we are at the bottom however these are postive signs for the Alameda housing market.