Alameda April 2010 Market Action
Here is a quick overview of the April 2010 market stats for the Alameda neighborhood:
With 22 listings and 3 closed sales, continues to average 13.5%–a long way down from the October ’09 height of 34% sell through. The average sold price was $551k. Bigger picture, the top of the Alameda market capped at $640k with the mid and 25% close at $494k and $460k. Always an optimist, I am concerned with the trend in this neighborhood of homes closing at -10% under the most recent list price. This is the 5th month of homes closing between 93%-91.7% of recent list. Another reason to make sure sellers are pricing their homes correctly. Portland’s home values April ’10 vs. April ’09 slid -3%, with a mean average of -4%. From March ’10 to April ’10, there was a .6% increase in home values.
[...] Alameda Average Sales Price $551k. 22 Active Listings, 3 Closed Sales. April Homes Closed -11% Under Most Recent List Price. 7.33 Months of Inventory. [...]