February 2019

As of February 5th, our Alameda numbers show a slight decline compared to the first five weeks of 2018. Compared to the same time last year we have sold 22 homes this year compared to 32 last year.

Homes took 22 days to sell last year compared to 33 days so far this year. Meaning, days are taking a longer time to sell. Buyers are pickier at these prices. The average list price grew slightly from $885,000 last year to $891,000 this year. However, the sold price has gone slightly down from last year.

Last year's average sale price was $934,000 compared to this year's $920,000. What's good to see is the number of 31 active homes for sale today on February 5th with an average list price of $978,000.

Is the market shifting? Sure, it is. While it's not crazy anymore with ridiculous overbidding on mediocre homes in so-so locations, the best homes in the best locations are still getting a lot of attention. But the best values are found in the fixer-uppers.

While there isn't much margin for home flippers anymore, the average buyer now has a better chance at getting a slice of the Alameda real estate pie than last year since they're fixing it up using sweat equity over time and saving a bundle in the process