Statistical Tables

Alameda County Home Sales Continued to Rise in October

Trends at a Glance
(Single-family Homes)
  Oct 08 Sep 08 Oct 07
Median Price: $410,000 $425,000 $647,000
Average Price: $480,854 $514,871 $746,661
Home Sales: 965 758 447
Sale/List Price Ratio: 98.3% 98.5% 98.3%
Days on Market: 47 50 42

Sales of single-family, re-sale homes rose 115.9% year-over-year in October. This is the fourth month in a row homes sales have been higher than the year before. Year-to-date, home sales are up 6.4%.

The median price for homes fell 3.5% from September, a drop of 36.6% compared to October 2007. The average price was off 6.6% month-over-month, and down 35.6% year-over-year.

Bank-owned property sales continue to dominate the market, driving down statistical prices because most of these properties are in the entry-level segment of the market. The good news is that they are selling quickly, thereby reducing inventory and shortening the time until we reach a normal market again.

The following chart shows the percentage of homes sold in three market segments: under $500,000, between $500,000 and $1,000,000, and $1,000,000 plus. You can see that the under $500,000 segment of the market is the most active, accounting for 62.5% of all sales last month.

Alameda County Home Sales by market segment

Condo sales rose 25.6% from September, and were up 91.5% year-over-year. The median price for condos fell 6.9% compared to September, and was off 32.3% year-over-year.

The sales price to list price ratio, or the price paid for a home compared to the asking price, fell 0.2 of a point to 98.3%. The ratio for condos gained 0.6 of a point to 97.9%.

Days on market for homes fell three days to 47 days. Days on market for condos rose three to 53 days.

Alameda County Days on Market

The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.

If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.

Monthly Statistics

Complete monthly sales statistics for the Alameda County are below. Monthly graphs are available for each city in the county.

October Sales Statistics
(Single-family Homes)
  Prices Unit     Change from last year
  Median Average Sales DOM SP/LP Median Average Sales
County $410,000 $480,854 965 47 98.3% -36.6% -35.6% 115.9%
Alameda $648,500 $656,668 30 29 98.0% -9.3% -6.3% 30.4%
Albany $637,500 $624,188 8 26 98.5% -20.2% -20.6% 100.0%
Berkeley $715,750 $786,849 52 33 98.9% 8.0% 0.2% 30.0%
Castro Valley $567,000 $578,981 30 70 97.6% -3.1% -2.0% 57.9%
Dublin $579,000 $605,246 33 52 97.0% -17.0% -18.5% 106.3%
Fremont $570,000 $619,154 95 43 97.6% -25.2% -25.4% 48.4%
Hayward $295,000 $347,116 147 46 99.7% -37.2% -26.6% 406.9%
Livermore $418,000 $467,078 79 42 97.7% -30.3% -34.2% 83.7%
Newark $427,950 $436,180 38 54 99.7% -35.9% -35.2% 123.5%
Oakland $214,000 $339,856 242 53 99.0% -63.2% -49.2% 96.7%
Piedmont $1,100,000 $1,251,429 7 15 95.8% -20.9% -49.8% -30.0%
Pleasanton $810,000 $933,313 48 63 96.3% -1.2% 0.3% 45.5%
San Leandro $365,000 $367,938 87 45 98.8% -21.5% -23.8% 234.6%
San Lorenzo $325,000 $332,331 31 43 100.5% -27.8% -27.9% 244.4%
Union City $505,000 $523,379 37 43 99.2% -32.7% -29.9% 184.6%

 

October Sales Statistics
(Condos/Town Homes)
  Prices Unit     Change from last year
  Median Average Sales DOM SP/LP Median Average Sales
County $298,000 $324,819 247 56 97.9% -32.3% -30.6% 91.5%
Alameda $436,000 $437,786 14 75 97.4% -18.1% -12.7% 75.0%
Albany $458,000 $458,000 2 58 92.1% 24.6% 28.1% -33.3%
Berkeley $507,000 $485,667 3 38 104.1% 2.4% -5.8% -40.0%
Castro Valley $377,900 $418,980 5 70 96.7% -6.1% -1.8% -16.7%
Dublin $408,500 $385,313 16 65 98.3% -22.0% -30.9% 60.0%
Emeryville $270,000 $320,100 5 64 94.8% -32.3% -32.1% -37.5%
Fremont $331,000 $364,311 47 45 98.7% -31.0% -27.1% 67.9%
Hayward $223,800 $233,847 42 48 98.9% -37.0% -37.5% 425.0%
Livermore $220,000 $235,000 9 42 100.1% -44.4% -41.4% 50.0%
Newark $258,000 $268,275 12 50 98.7% -32.1% -35.6% 300.0%
Oakland $330,000 $371,664 47 70 96.7% -21.5% -17.7% 27.0%
Pleasanton $339,000 $335,111 9 53 98.0% -15.8% -25.2% 28.6%
San Leandro $257,000 $266,350 10 62 98.0% -14.2% -11.1% 900.0%
Union City $233,000 $256,057 23 47 98.5% -39.8% -36.0% 228.6%