What is up with this market!

I wrote an offer on a home the other day that ended up having 18 offers - 18 offers! Bayside recently had a listing in Harbor Bay that got 17 offers.  These are happening on only a handful of properties, but for the desirable homes this is a new trend. This new development in the market happened quickly and is still a bit of a surprise. My feeling is that the current low inventory combined with low interest rates has created a pent up demand. I believe many people were sitting out the market, waiting for the bottom or just not highly motivated. As the market normalizes on inventory and there are more homes available I would expect the frenzy on certain homes to die down. Buyers will simply have more choices. There is never any way to predict with certainty what will happen in the future.

Here is a few fast facts about our market here in Alameda.

54     Current number of active listings; A more normal market would be 100-120

25     Percentage of current active listings that are distressed properties.

9       Number of current active listings that are REO or foreclosures.

5       Number of current active listings that are short sales.

132   Current number of pending listings.

51     Percentage of current pending listings that are distressed properties.

17     Number of homes that are pending that are REO or foreclosures.

51     Number of homes that are pending that are short sales.

53     Average days on market for current pending listings.

49     Number of homes that went pending in 14 days or less.


Now to put it in context.

If your a buyer and your are competing for properties get your ducks in a row. Get pre-approved, get out and look at homes, read pest reports, keep on eye on the market. That's something I help you with. Give me a call and let me give you my take on your target market.

If your a seller; make sure your house looks great. Get a pest and a home inspection. Guaranteed you will save more than you spend on the reports. Give me a call and let me help you line it all up.

Alameda open homes May 19th & 20th

Need more info on a home? Send me an email or give me a call.

$329,000 | 1023 Tobago Lane | 3BD/1.5BA | Open Sun 2 - 4

$359,000 | 616 Centre Ct. | 1+BD/1BA | Open Sun 2 - 4

$395,000 | 2969 Via Bahia | 3BD/2.5BA | Open Sat/Sun 2 - 4

$399,000 | 1511 4th St. | 2BD/1BA | Open Sun 2 - 4

$425,000 | 3544 Magnolia Dr. | 3BD/2.5BA | Open Saun 2 - 4

$437,500 | 2620 Washington St. | 2BD/1BA | Open Sun 2 - 4

$449,000 | 22 Shepardson Ln | 2BD/2BA | Open Sun 2 - 4

$499,000 | 1375 Crown Dr. | 2BD/2BA | Open Sun 2 - 4

$499,000 | 1521 Pacific Ave. | Duplex | Open Sat & Sun 2 - 4

$499,000 | 3 Invincible Ct. | 2BD/2BA | Open Sun 2 - 4

$525,000 | 908 Del Mar Ave. | 2BD/1BA | Open Sat  & Sun 2 - 4

$529,000 | 1149 Sand Beach Place | 3BD/2BA | Open Sun 2 - 4:30

$539,000 | 3210 Encinal Ave. | 2BD/1.5BA | Open Sun 2 - 4

$549,000 | 317 Taylor Ave. | 2BD/1BA | Open Sun 2 - 4

$575,000 | 152 Santa Clara Ave. | 3BD/1BA | Open Sat & Sun 2 - 4

$579,000 | 609 Haight St. | 3BD/2BA | Open Sat & Sun 2 - 4

$588,888 | 8 Bosshard Ct. | 3BD/2.5BA | Open Sat/Sun 2 - 4

$643,000 | 725 Taylor Ave. | 4BD/1.5BA | Open Sun 2 - 4

$649,000 | 1629 San Antonio Ave. | 4BD/2.5BA | Open Sat & Sun 2 - 4:30

$650,000 | 1118 Grand St. | 3BD/2BA | Open Sun 2 - 4

$685,000 | 19 Sandpiper Pl. | 3BD/2BA | Open Sun 2 - 4

$725,000 | 2020 Pacific Dr. | 5BD/3BA | Open Sun 2 - 4:30

$739,000 | 58 Shamrock Ln. | 4BD/3BA | Open Sat/Sun 2 - 4

$754,000 | 216 Encounter Bay | 3BD/2.5BA | Open Sun 2 - 4

$840,000 | 749 Santa Clara Ave. | 2 Homes | Open Sun 2 - 4

$899,000 | 511 Tideway Dr. | 3+BD/3.5BA | Open Sun 2 - 4

$960,000 | 2925 Marina Dr. | 3BD/2BA | Open Sun 2 - 4

Alameda Open Homes May 12th & 13th

Below is a list of open homes this weekend in Alameda.
Please contact me if you cannot make an open house and wish to view a home or need more info.
Happy Mothers Day!

$209,000 | 218 Brush St. G | 2BD/1BA | Open Sat 2 - 4
Harbor Bay Realty  (co-op)

$215,000 | 214 Cypress L | 2BD/1BA | Open Sun 2 - 4
Harbor Bay Realty (Co-op)

$249,000 | 218 Cypress Street | 2BD/1BA | Open Sun 2 - 4
Harbor Bay Realty | Gina Adamson (Co-op)

$366,000 | 3432 Camanoe Lane | 3BD/2.5BA | Open Sun 2 - 4
Harbor Bay Realty  (Townhome)

$395,000 | 2969 Via Bahia | 3BD/2.5BA | Open Sat 2 - 4
Kane & Associates  (Townhome)

$425,000 | 2544 Magnolia Dr. | 3BD/2.5BA | Open Sat 2 - 4
Kane &Associates

$437,500 | 2620 Washington St. | 2BD/1BA | Open Sun 2 - 4
Kane & Associates  (back on the market)

$459,000 | 1855 Elm St. | 2+BD/2BA | Open Sat 2 - 4
Kane & Associates

$499,000 | 1375 Crown Dr. | 2BD/2BA | Open Sun 2 - 4
Bayside Real Estate | Phillip Kaake (water view)

$499,000 | 3 Invincible Ct. | 2BD/2BA | Open Sun 2 - 4
Kane & Associates  (Condo)

$525,000 | 908 Del Mar Ave. | 2BD/1BA | Open Sat  & Sun 2 - 4
Gallagher & Lindsey Inc.

$539,000 | 1308 Park Ave. | 2BD/1BA | Open Sat  & Sun 2 - 5
Pacific Union International

$549,000 | 317 Taylor Ave. | 2BD/1BA | Open Sun 2 - 4
Bayside Real Estate | Janelle Spatz

$549,000 | 821 Harbor Rd. | 4BD/2.5BA | Open Sun 2 - 4:30
Bayside Real Estate | Kate McCaffrey

$559,000 | 3308 Fernside Blvd. | 2+BD/1BA | Open Sat 2 - 4
Kane & Associates (Pending)

$575,000 | 152 Santa Clara Ave. | 3BD/1BA | Open Sat & Sun 2 - 4
Gallagher & Lindsey Inc.

$579,000 | 609 Haight St. | 3BD/2BA | Open Sat & Sun 2 - 4
Gallagher & Lindsey Inc.

$588,888 | 8 Bosshard Ct. | 3BD/2.5BA | Open Sat/Sun 2 - 4
Kane & Associates

$629,000 | 1187 Hillery | 3+BD/2.5BA | Open Sun 2 -  4:30
Pacific Union International

$643,000 | 725 Taylor Ave. | 4BD/2BA | Open Sat/Sun 2 - 4
Harbor Bay Realty

$725,000 | 2020 Pacific Dr. | 5BD/3BA | Open Sat 1 - 4:30
Bayside Real Estate | Quinn Stone

$754,000 | 216 Encounter Bay | 3BD/2.5BA | Open Sun 2 - 4
Harbor Bay Realty

$869,000 | 255 Jack London Ave. | 5BD/3.5BA | Open Sat 2 - 4
Harbor Bay Realty

$899,000 | 511 Tideway Dr. | 3+BD/3.5BA | Open Sun 2 - 4
Coldwell Banker  (Water view)

$969,000 | 3225 Fernside Blvd. | 4BD/3.5BA | Open Sun 2 - 4:30
Wells & Bennett

$975,000 | 2925 Marina Dr. | 3BD/2BA | Open Sat/Sun 2 - 4
Kane & Associates

April sales for Alameda

click chart to enlarge.

Alameda open homes Cinco de Mayo and Seis de Mayo

Want mor info? give me a call.


$209,000 | 218 Brush St. G | 2BD/1BA | Open Sun 2 - 4
Harbor Bay Realty | Gina Adamson

$359,000 | 616 Centre Ct. | 1+BD/1BA | Open Sun 2 - 4
Prudential CA Realty | Peter Fletcher

$365,000 | 3044 Alta Vista | 2BD/1BA | Open Sun 2 - 4
Harbor Bay Realty | Mark Playsted

$395,000 | 308 Centre Ct. | 2BD/2.5BA | Open Sun 2 - 4
Prudential CA Realty | Peter Fletcher

$399,000 | 2436 Lincoln Ave. | 3BD/1.5BA | Open Sun 2 - 4
Gallagher & Lindsey Inc. | Kirk Knight

$425,000 | 2544 Magnolia Dr. | 3BD/2.5BA | Open Sat/Sun 2 - 4
Kane & Associates | Jan Erion

$437,500 | 2620 Washington St. | 2BD/1BA | Open Sun 2 - 4
Kane & Associates | Kathy Ratto

$459,000 | 1855 Elm St. | 2+BD/2BA | Open Sat/Sun 2 - 4
Kane & Associates | Eileen Walker/John Bergman

$490,000 | 823 Lincoln Ave. | 2BD/1.5BA | Open Sun 2 - 4
Panavista Realty | Ramesh

$499,000 | 1375 Crown Dr. | 2BD/2BA | Open Sun 2 - 4
Bayside Real Estate | Phillip Kaake

$499,900 | 1236 College Ave. | 3BD/1BA | Open Sun
Valva Realty | Mike Bresso

$520,000 | 2007 Cambridge Dr. | 2BD/1BA | Open Sat/Sun 2 - 4
Kane & Associates | Anita Wong

$525,000 | 100 Orr Rd. | 3BD/2.5BA | Open Sun 2 - 4
Harbor Bay Realty | Brooke Abbasi

$525,000 | 908 Del Mar Ave. | 2BD/1BA | Open Sun 2 - 4
Gallagher & Lindsey Inc. | Troy Staten

$549,000 | 1541 3rd St. | 3BD/2BA | Open Sun 2 - 4
Harbor Bay Realty | Tim Marr

$549,000 | 317 Taylor Ave. | 2BD/1BA | Open Sun 2 - 4
Bayside Real Estate | Janelle Spatz

$549,000 | 821 Harbor Rd. | 4BD/2.5BA | Open Sat & Sun 2 - 4:30
Bayside Real Estate | Kate McCaffrey

$559,000 | 3308 Fernside Blvd. | 2+BD/1BA | Open Sat/Sun 2 - 4
Kane & Associates | Valerie Newman

$575,000 | 152 Santa Clara Ave. | 3BD/1BA | Open Sat 2 - 4
Gallagher & Lindsey Inc. | The Bissetts

$599,000 | 1082 Armitage St. | 3BD/2.5BA | Open Sun 2 - 4:30
Kane & Associates | Tony Berg

$629,000 | 1187 Hillery | 3+BD/2.5BA | Open Sun 2 -  4:30
Pacific Union International | Fritz

$685,000 | 19 Sandpiper Pl. | 3BD/2BA | Open Sun 2 - 4
Alameda Realty | Vincent San Nicolas

$709,000 | 32 Thurles Pl. | 4BD/2.5BA | Open Sun 2 - 4:30
Bayside Real Estate | Anthony Lim

$759,000 | 2512 Chester St. | 5BD/2BA | Open Sun 2 - 4
Gallagher & Lindsey Inc. | The Bissetts

$840,000 | 749 Santa Clara Ave. | 2 Homes, 1 Lot | Open Sun 2 - 4
Harbor Bay Realty | Uli Lirosi

$869,000 | 255 Jack London Ave. | 5BD/3.5BA | Open Sun 2 - 4
Harbor Bay Realty | Ringo Liu

$899,000 | 511 Tideway Dr. | 3+BD/3.5BA | Open Sun 2 - 4
Coldwell Banker | Bonnie Ross

$969,000 | 3225 Fernside Blvd. | 4BD/3.5BA | Open Sun 2 - 4:30
Wells & Bennett | Carol Robbiano

$975,000 | 2925 Marina Dr. | 3BD/2BA | Open Sun 2 - 4
Kane & Associates | Marilyn Oliver

$1,049,951 | 1626 - 1628 Alameda Ave. | 3/3 & 2/2 | Open Sun 1 - 4
Paramount Bldgs & Loans | Jerry Ahuja

$1,359,000 | 1007 Morton St. | 4BD/3.5BA | Open Sun 2 - 4:30
Kane & Associates | Denise Brady