August 31, 2008

Alameda: Many Sales Are 3bd/2ba or More

 Alameda: Many Sales Are 3bd/2ba or MoreAlameda Recent Sales

This past July there were 56 residential sales in Alameda. Of these, 66% were 3bd/2ba or larger. As an Oakland resident and owner of a 950-square foot 2bd/2ba, these Alameda homes sound palatial to me. Plus, the fact that they make up the majority of sales I find interesting and surprising. Interesting because Alameda is one of the closest cities to San Francisco in the Bay Area and within an easy commute; surprising because I tend to think of homes of this size as being further out in areas such as Contra Costa county. Home sales in July had a range of days on the market (DOM): the shortest DOM was 1309 Caroline St., a 3bd/2ba that was listed for $845,000 and sold for the same. The MLS shows it being 1 DOM. At 276 days on the market, the longest DOM was 1157 Straub Way, a 3bd/2ba townhome that sold for $49k less than its list price at $610,000. The least expensive home that sold last month was 1825 Shoreline Dr. #211, a 1bd/1ba that sold for $250,000 (just a smidgen above its $249,900 list price) while the most expensive home, 1208 Saint Charles St. a 5bd/4ba sold for $2,050,000 ($145k less than list). Almost half of all residences (46%) sold between $500k and $699k. Below I’ve featured some of the 3bd/2ba (and one 3bd/3ba) that sold last month. I searched for photos so you wouldn’t have to; for those that I could not find photos, I’ve linked the address to their Redfin listing.

909 San Antonio Ave. Sold: $660,000 3bd/2ba List:$674,000

1309 Caroline St. Sold: $845,000 3bd/2ba List:$845,000

1140 Fontana Dr. Sold: $473,000 3bd/2ba condo/townhome List: $514,500

3020 Flora Vista Sold: $520,000 3bd/2.5ba List: $519,000

509 Grand St. Sold: $580,000 3bd/3ba List: $629,000

1423 Willow St. Sold: $600,000 3bd/2ba List: $619,000

402 Haight Ave. Sold: $625,000 3bd/2ba List: $619,000

Photo Credit: courtesy of Mary Ching


  • I'm new at this place & I've needed to say hello to you all :)

    I've been watching this web site for couple of months and it looked as a dendy place to be a member of.
  • As the wise quote: "Credulity is the man's weakness, but the child's strength." (Charles Lamb) - keep up the good work!!
  • Alison
    Hi David, great comments. It seems that folks really get a lot of bang for their buck buying in Alameda, and I didn't know that Alameda had a great school district, so big bonus points there. Also fascinating to hear that most of the homes there have brick foundations which as you point out are big negatives in earthquake regions such as ours. With prices in the 500-700k range, maybe getting a new 50k foundation isn't such a bad deal; I guess its all relative and depends on how much you have to spend/can negotiate down, etc.
    Thanks for your insights!
  • David
    Alameda is one of the "best deals" if you have more than one kid and don't/can't spend the $$$$ on private schools, as Alameda has one of the best school districts, but isn't priced as high as Albany, Rockridge or Piedmont at least the last time I checked. $600ishK on a house, but "saving" at least $200K on tuition is a no-brainer if you can swing it.

    One thing I've noticed though on a lot of Alameda houses is that they often need significant upgrades to the foundation and plumbing, unless it's turned over recently and was upgraded. Most of Alameda is a liquefaction zone, but the majority of the houses were built before 1920 and have brick foundations (which completely collapse in an earthquake). Drive through Alameda and there are always a bunch of houses jacked up, getting a new foundation.

    Just a couple thoughts.
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