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Michael Studebaker's Blog

By Michael Studebaker | Broker in Alameda, CA

Alameda & East Bay Market Summary - Q2 2009

7/15/2009

I'm providing a report (link below) that I provided to my agents this morning at our Quarterly Market Presentation&Awards event. I hope any of you find it useful. It covers Alameda, Oakland (North&South), Berkeley/Albany and San Leandro. This is a one page report for each area that covers the following key areas that our agents track to keep their clients better informed. Each report includes:
  • Brief Market Summary
  • Market Price Composition (Pie chart showing 0-$300k, $300k-$600k, etc.)
  • SFR Sales Data (Median Price, Unit Sales, MSI, Avg DOM) for Detached 1-2 Bed, 3+Bed and Condos.
  • 12 month pending sales by month.
  • MSI monthly for the past 12 months.
Alameda East Bay Q2 2009 Market Summary

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Some disclaimers are needed. These reports are drawn from Terradatum and EBRD MLS. Oakland South and North are differentiated based upon my preference by zip code for tracking this enormous area meaningfully. Avg DOM (Pending) is defined as days on market of all those listings that went pending that particular month.

Michael Studebaker
Broker/Owner, CRB, CRS, GRI, e-PRO, SRES
Gallagher & Lindsey, Inc REALTORS

michaels@glrealtor.com
tel: (510) 748-1129
mobile: (510) 759-2396
eFax: (877) 865-2279

Comments

By Troy Staten,  Wed Jul 15 2009, 12:07
Thanks for posting this information Michael. I think buyers and sellers need to see the most current infomation available when they are thinking about a purchase or sale of realestate. I think to many people are looking at old data when they are trying to decide what direction the market is heading in or what a piece of property is worth. My reply might be self serving :) but the data is not.
By Troy Staten,  Wed Jul 15 2009, 12:08
Thanks for posting this information Michael. I think buyers and sellers need to see the most current infomation available when they are thinking about a purchase or sale of realestate. I think to many people are looking at old data when they are trying to decide what direction the market is heading in or what a piece of property is worth. My reply might be self serving :) but the data is not.
By Pacita Dimacali,  Wed Jul 15 2009, 12:21
Thanks for posting, Michael.

It really helps to give both buyers and sellers a clear picture of what's happening in the market place. This information not only clarifies, but also sets expectations based on statistics, not wishful thinking. Sellers can learn to be more realistic with pricing, and buyers can be more aggressive with offers in over-heated markets.

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