Alameda County Real Estate Market Trends: Alameda County, California

Sales of single-family, re-sale homes rose in Alameda County for the second year in a row, rising 29.4% from 2008. The 10,457 re-sale homes sold last year were better than any year since 2005.

Condo sales were up for the first time since 2003, rising 39.2%.

The lower end of the market took the brunt of the credit crunch and foreclosure crisis. Oakland and Hayward saw the median price drop precipitously, while Berkeley, Castro Valley and Dublin saw price declines, they were much less than the county as a whole. Piedmont, with the highest prices in the county, barley saw any price decline: 0.1%.

Alameda County
(Single Family Homes)
	Prices		Other			Percent Change
	Average	Median	Sold	DOM	SP/LP	Average	Median	Sold
County	$445,561	$385,000	10,457	50	99.2%	-19.1%	-18.9%	29.4%
Alameda	$633,806	$605,000	307	46	97.8%	-8.6%	-6.9%	7.3%
Albany	$616,967	$600,000	84	41	100.5%	-5.0%	-8.4%	37.7%
Berkeley	$731,490	$654,750	414	39	101.0%	-10.3%	-13.6%	-4.4%
Castro Valley	$481,203	$460,000	404	55	98.7%	-13.6%	-12.4%	16.1%
Dublin	$610,715	$587,000	339	48	98.3%	-7.7%	-6.8%	30.9%
Emeryville	$258,333	$240,000	3	62	96.5%	-35.9%	-40.4%	50.0%
Fremont	$606,754	$540,000	1,198	46	98.0%	-12.5%	-12.9%	24.7%
Hayward	$295,934	$260,000	1,448	52	101.7%	-17.0%	-20.0%	40.7%
Livermore	$476,618	$425,000	842	51	98.5%	-11.6%	-12.3%	23.8%
Newark	$392,963	$380,000	319	45	101.1%	-14.9%	-12.6%	23.2%
Oakland	$302,269	$165,000	2,978	51	100.2%	-33.5%	-49.2%	48.2%
Piedmont	$1,439,193	$1,231,000	75	44	96.4%	-9.1%	-0.1%	2.7%
Pleasanton	$838,199	$676,750	538	59	95.3%	-14.9%	-15.4%	24.5%
San Leandro	$348,464	$335,000	746	47	100.5%	-10.8%	-11.8%	13.5%
San Lorenzo	$310,272	$313,500	283	46	103.6%	-12.1%	-10.4%	7.2%
Union City	$452,880	$425,000	475	53	100.3%	-13.1%	-13.6%	44.8%

The story of the year was the economy. A rash of foreclosures resulting in a surge of bank-owned property, pushed prices down hard. Although sales were high, they would have been higher if the money was there. With the collapse of the mortgage-backed securities market on Wall Street, banks have had to keep mortgage loans on their books, which means they are being, um, more responsible to whom they lend.

To keep on top of the market, subscribe to our free monthly newsletter by clicking the subscribe button at the bottom right.

Detailed information on homes or neighborhoods can be had by calling or e-mailing us. Or, fill out our Buying or Selling forms located in the menu to the left.

Alameda County
(Single Family Homes)
	Prices		Other			Percent Change
	Average	Median	Sold	DOM	SP/LP	Average	Median	Sold
1999	$329,249	$289,000	14,448	31	100.5%
2000	$419,377	$363,800	13,796	21	103.5%	27.4%	25.9%	-4.5%
2001	$446,291	$394,000	10,751	27	100.1%	6.4%	8.3%	-22.1%
2002	$493,983	$435,000	13,101	26	100.4%	10.7%	10.4%	21.9%
2003	$520,771	$464,950	14,002	29	99.8%	5.4%	6.9%	6.9%
2004	$613,225	$550,000	13,519	21	102.2%	17.8%	18.3%	-3.4%
2005	$720,669	$650,000	11,847	19	103.3%	17.5%	18.2%	-12.4%
2006	$727,079	$650,000	10,220	28	100.0%	0.9%	0.0%	-13.7%
2007	$751,487	$665,500	7,309	36	99.2%	3.4%	2.4%	-28.5%

Alameda County
(Condominiums)
	Prices		Other			Percent Change
	Average	Median	Sold	DOM	SP/LP	Average	Median	Sold
1999	$197,514	$184,000	3,558	24	100.2%
2000	$258,236	$242,000	3,638	18	102.7%	30.7%	31.5%	2.2%
2001	$297,630	$281,500	2,786	25	99.9%	15.3%	16.3%	-23.4%
2002	$315,936	$299,000	3,520	26	99.9%	6.2%	6.2%	26.3%
2003	$333,076	$315,000	3,922	29	99.8%	5.4%	5.4%	11.4%
2004	$377,792	$360,000	3,864	18	102.2%	13.4%	14.3%	-1.5%
2005	$458,379	$439,000	3,592	17	103.2%	21.3%	21.9%	-7.0%
2006	$463,370	$440,000	3,160	32	99.8%	1.1%	0.2%	-12.0%
2007	$460,923	$439,000	2,317	40	98.7%	-0.5%	-0.2%	-26.7%

Alameda County 2009 Real Estate Market Trends

Home Sales Up Second Year in a Row

DEFINITIONS