ALAMEDA COUNTY HOMES SOLD REPORT FEBRUARY 2015

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Alameda County Citywise Report for February 2015

The actual numbers show homes sold in Feb 2015 was less than Feb 2014.Total homes sold in Feb 2014 was 775, Jan 2015 was 701 and Feb 2015 was 665.Since Days on Market and SP/LP% are completely reflective of a sellers market, the drop can most likely be attributed to lack of inventory.The average SP/LP % ( Sales Price/List Price %) in Feb 2014 was 102.35% and average SP/LP% in Feb 2015 was 104.11%.The average days on market  last Feb 2014 was 83 days .This moved down to 79 days in Feb 2015.Average price in Feb 2014 was $677,384. Average price in Feb 2015 was higher at $678,454. Average price in Jan 2015 was $705,457.

Alameda County Citywise  Homes Sales

Number of homes sold was analyzed for 17 cities.

    • 12 cities saw a drop in volume  compared to corresponding period in Feb 2014.
    • Listings in 11 cities also saw a drop in volume in Feb 2015 compared to Jan 2015.
    • On the flip side 7 cities saw an increase in volume in Feb 2015 compared to Feb 2014
    • Total homes sold in Feb 2014 was 775, Jan 2015 was 701 and Feb 2015 was 665.
    • Since Days on Market and SP/LP% are completely reflective of a sellers market, the drop can most likely be attributed to lack of inventory.

AL sold

Alameda County SP/LP%

      • 9 out 10 cities evaluated  had sales closings over asking price in the month of Feb 2015.
      • The situation was same in Feb 2014. with 9 out of 10 cities having sales over asking.
      • The average SP/LP % ( Sales Price/List Price %) in Feb 2014 was 102.35% and average SP/LP% in Feb 2015 was 104.11%.
      • Overall: The market reflected a shortage of inventory and a sellers market with buyers overbidding to land contracts.

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Alameda Citywise Days on Market ( DOM)

        • 9 out of 18 cities took less time to sell, as compared to Feb 2014.
        • Alameda (36), Piedmont (29) and Pleasanton (47) listings sold in 50 or less days.
        • Dublin (85), El Sobrante (81), Hayward (87), San Leandro (98), San Lorenzo (83) and Sunol (288) took 80 days or more to sell.
        • All other cities sold  between 51-79 days.
        • The average days on market  last Feb 2014 was 83 days .This moved down to 79 days in Feb 2015.

AL DOM

Alameda County Citywise Average Prices

          • Citywise Average sales price was analysed for 11 cities in Alameda county for last 1 year.
          • Listings in 8 cities saw a price increase in Feb 2015  compared to last Feb 2014.
          • However, Berkeley, Castro Valley, Dublin, Fremont, Livermore, Newark, San Leandro and Union City saw small price “cool offs&quot compared to previous month of Jan 2015.
          • Average price in Feb 2014 was $677,384. Average price in Feb 2015 was higher at $678,454. Average price in Jan 2015 was $705,457.

AL AVG

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