Bay Area cities must plan for 600,000 new households over the next 25 years, planners say
By Matt O'BrienContra Costa Times
Posted: 08/28/2009 10:08:48 AM PDT
Updated: 08/28/2009 04:54:29 PM PDT
OAKLAND — The Bay Area will need to find room to build more than 635,000 homes in the next 25 years to accommodate an added 1.7 million people, a regional agency said Friday.
As more people enter the region, opportunities are dwindling to effectively plan for the growth in a way that reduces traffic, energy costs and environmental damage, said planners with the Association of Bay Area Governments.
"It's rethinking how we travel, rethinking how we live," planner Christy Riviere said. "It's a whole slew of things we have to consider."
San Jose will lead the pack with an estimated 412,200 more people by 2035, followed by San Francisco with 159,000 and Oakland with 141,100.
The planners forecast that Santa Clara County, already the most populous, will grow by 33 percent, Alameda County by 27 percent, San Mateo County by 22 percent and Contra Costa by 21 percent.
That would mark a shift from years past, when Contra Costa was the fastest-growing of the Bay Area's nine counties.
Adding 1.7 million people is roughly equivalent to squeezing into the region two more cities the size of San Francisco.
The projections show that after decades of rapid growth in suburbs at the region's edges, population growth over the next 25 years will speed up in the cities. Almost 75 percent of the growth is expected to happen in the horseshoe-shaped urban perimeter circling the Bay from Richmond to San Francisco.
The planners presented their figures — some dire, others hopeful — to more than 100 local leaders and others Friday morning in downtown Oakland.
The new estimates override earlier targets for curtailing congestion and environmental degradation, planners said.
Carbon dioxide emissions will drop, but not by enough. The average Bay Area resident will be driving 20 miles a day in 2035 — a mile more than now — and particulate emissions, including road dust, will keep rising.
Among the worries were whether the region's roads and transit systems are equipped to handle the growth. The $222 billion programmed for Bay Area transportation in the coming years is mostly for repair.
"We're having a harder time being able to operate what we built," said Doug Kimsey, planning director of the Metropolitan Transportation Commission. "We have to get much, much, much more efficient."
The association releases its projections every two years. This year it also offered alternative scenarios with different outcomes.
Regional planners are pushing for denser growth near transit, a move they acknowledge has drawn resistance of local leaders who have a different vision for their communities.
In the Tri-Valley region that includes Livermore, Pleasanton and Dublin, less than a quarter of population growth in the next 25 years will happen in the kind of dense, transit-oriented communities that regional planners consider a priority for improving the region's environmental health.
In East Contra Costa, once-rapid population growth has subsided but will increase enough for the area to number 330,000 people in 2035 — more than all of Marin County. Jobs will more than double in Oakley and Pittsburg.
But because those areas have some of the highest per-capita emissions and worst traffic, planners have laid out scenarios that sharply reduce suburban growth in ways that would not happen without significant policy changes.
"It essentially looks like we're emptying out eastern Contra Costa County," Riviere said of one scenario. "We did this to be provocative. ... That is an extremely difficult dialogue to have."
Mayors, city council members and others who attended the meeting said the population projections are a wake-up call but not something the Bay Area cannot handle.
"I don't think it's a cause for hand-wringing," said Union City Mayor Mark Green, vice president of the association. "There's ample opportunity for us to accommodate the growth."
THE BAY AREA in 2035
· Region's population: 9 million
· Median age: 42.2 years old (it was 35.6 years in 2000)
· Jobs: 5. 1 million, or 1.6 million more than today
· Diversity: Latinos will represent more than 30 percent of the population and come close to surpassing whites as largest ethnic group
· East Bay population: 3.3 million
· Biggest East Bay city: Oakland, which will have 25 percent of Alameda County's people and jobs Source: Association of Bay Area GovernmentsComing to the Bay Arean Time people spend waiting in traffic: 46 hours a year (up from 39)n Share of income spent on housing and transportation: 59 percent (down from 61)
· Carbon emissions: 71 tons per day (down from 90)
· Fine particulate emissions: 19 tons per day (up from 17)
· Coarse dust emissions: 80 tons per day (up from 66)n People with access to transit: 75 percent (up from 74)
Saturday, August 29, 2009
Friday, August 21, 2009
There is an interesting sales trend in our Paragon Multiple listing service regarding the comparison of sales above and below the $900,000 price point.
In 2007 there were 11,575 sales under $900,000 and 2,329 over $900,000.
In 2009 there were 17,483 sales under $900,000 and 724 over $900,000.
The sales under $900,000 were up 51% from 2007.
The sales over $900,000 were down 69% from 2007.
In 2007 there were 11,575 sales under $900,000 and 2,329 over $900,000.
In 2009 there were 17,483 sales under $900,000 and 724 over $900,000.
The sales under $900,000 were up 51% from 2007.
The sales over $900,000 were down 69% from 2007.
Friday, August 14, 2009
Buy foreclosures now - before it's too late
In many markets, if you want to buy a repossessed property, you better come with your best offer first -- and fast.
By Les Christie, CNNMoney.com staff writer
Last Updated: August 6, 2009: 9:40 AM ET
NEW YORK (CNNMoney.com) -- You've heard of speed dating? It's got nothin' on foreclosure buying these days. In many places, anyone who wants to buy a foreclosure better act fast, or they're going to come away with bupkus.
REOs, the industry term for homes repossessed by lenders and put back on the market, are often selling in a day -- sometimes in less.
"We're seeing REOs go very quickly. Offers come in immediately after the listing comes on the market, within 24 hours," said Brad Geisen, founder of Foreclosure.com. Some homes have been put into contract in less than 90 minutes.
In Stockton, Calif., foreclosure ground zero, the market has changed radically. Last summer, Cesar Dias became famous for founding the "foreclosure tour," in which he packed potential buyers on a bus and ferried them around to some of the thousands of distressed properties.
Today, the foreclosure tour in Stockton is history. There are too few REOs.
"For every listing that comes out, we have 10 buyers," said Dias, an agent with Approved Real Estate Group. "We had a lot of inventory last summer. Now we're down to 1,500 listings -- from more than 5,000."
San Diego buyers face the same trend. "Agents have one or two REO listings now, compared with 15 or 20 a year ago," said realtor Adrianna Delgado of the Delgado Group.
And there's almost no negotiating, no back-and-forth, after the initial bid. "We don't get a counteroffer," said Delgado. "The sellers just ask for your highest and best bid. If you're not prepared to send in your best bid the first day, you may as well stop looking."
In Florida there are so many buyers for foreclosure listings that real-estate investment companies, which had been snapping up properties, are now facing stiff competition, said Vanessa Grout, VP for acquisitions at New Valley, a real estate investment fund.
Even in distressed Detroit, REOs are still in high demand. "For a good house that's not too beat up, in a good neighborhood, there's no lack of buyers in this market," said Andy Sakmar, founder of Century 21 Sakmar in the Motor City suburb of Rochester. "There are a lot fewer of these properties than a year ago, and the super buys get multiple offers."
Priced for speed
The biggest factor in the feeding frenzy is, of course, rock-bottom prices. Banks are pricing homes to move.
Sakmar tells of an REO that recently went on sale in a community of mostly $300,000 homes. It was in good shape and should have sold for $200,000, in Sakmar's opinion. Instead, the bank listed it for $129,000.
"It drew thirteen offers in two days," he said.
That kind of cut-rate pricing is very common, according to Foreclosure.com's Geisen. Instead of holding onto REOs for the best prices -- and paying the property taxes and maintenance and heating costs -- banks are selling the homes as quickly as possible.
"In this market, if they can liquidate them fast, it makes more sense to get them off the books," he said.
The trend is causing intense agita for buyers. "People feel like they're getting left out," said Dias, the agent in Stockton. "We show a house on the weekend and it's gone by Monday."
"There are plenty of buyers ready to move," added Mark Brandemuehl, a spokesman for Movoto, a California real estate broker that specializes in foreclosures. "They tell their agents to make bids right away, as soon as they see something suitable come on the market."
Bubble markets
The hot spots for this fast-paced foreclosure activity are former bubble markets where foreclosures soared -- places like California cities Sacramento, Riverside and San Bernardino.
In Sacramento, for example, the inventory is down to less than 30 days, making it a cut-throat market. The agents specializing in REOs "have nothing to sell," said Brandemuehl.
On average, inventories of California homes under $300,000, the most popular price point for foreclosure buyers, have shrunk drastically, from a nearly 10-month supply a year ago to less than three and a half-month supply today, according to the California Association of Realtors.
Nationally, the number of bank-owned properties diminished by 26% from June 2008 to June 2009.
The industry attributes the drop in inventories to foreclosure prevention efforts by President Obama and various state governments. In particular, they cite moratorium programs that, at the very least, postponed foreclosures.
The bad news is that as the moratoriums lapse, more REOs will likely hit the market. That's because these efforts tend to delay foreclosure rather than stop it.
"Every lender I talk to has been telling me there's every indication that a tsunami of new properties coming to the market later this fall," Sakmar said.
Geisen sees the same flood, but he attributes it to consumers failing out of Obama's foreclosure-prevention program, Making Home Affordable. He believes that many of the modified loans will fall back into foreclosure -- especially if the economy doesn't perk up soon.
In fact, last year the U.S. Comptroller of the Currency found that 53% of loans that were modified in the first half of 2008 fell back into arrears. Although, that was before Making Home Affordable standardized the terms and qualification process.
Still, Geisen said, "There'll be another wave of foreclosures. The wave that Obama stopped -- temporarily."
First Published: August 5, 2009: 12:28 PM ET
Tuesday, August 11, 2009
Loan Modifications - the Waiting Game from Huffington Post
Making Home Affordable: The Waiting Game
Home Affordable: The Waiting Game',
Last week, the US Treasury reported that only 9% of eligible homeowners had been helped by the Obama Administration\'s Making Home Affordable program. The government-sponsored loan modification program provides incentives for lenders to modify struggling homeowner\'s mortgages so they can avoid foreclosure -- which is not only devastating for families, but costly to banks. Five months into the Making Home Affordable program, 235,247 trial modifications are underway.
Last week, the US Treasury reported that only 9% of eligible homeowners had been helped by the Obama Administration's Making Home Affordable program. The government-sponsored loan modification program provides incentives for lenders to modify struggling homeowner's mortgages so they can avoid foreclosure -- which is not only devastating for families, but costly to banks.
Five months into the Making Home Affordable program, 235,247 trial modifications are underway. A Treasury press release claims the program is "on pace" to provide assistance to 3-4 million homeowners before the end of 2012.
But since the program was rolled out February 19th, the federal government has twice had to lean on banks to pick up the pace on loan modifications -- on July 9 and again on July 28 -- and this most recent report admits that performance among various banks has been "uneven."
Eleven of the 25 largest participating banks are helping under five percent of Americans headed toward foreclosure. The Bank of America -- recipient of $45 billion in bailout funds -- is helping less than four percent of qualified borrowers.
Some of the shortcomings the report acknowledged -- "quality of borrower experience, such as average borrower wait time for inbound inquiries, completeness and accuracy of information provided applicants, and response time for completed applications" -- are problems we've heard from dozens of HuffPost readers who have written in with their stories.
At this point, the overwhelming backlog means that homeowners who filed paperwork months ago are still being told to wait...and wait, and wait. Sandy Smith from Green Forest, Arkansas has been dealing with the mortgage modification quagmire for nearly five months.
The Treasury figures report that nine percent of qualified borrowers have received trial loan mods, but that nine percent doesn't even include homeowners like Sandy, who have struggled to make ends meet while keeping up with their mortgage payments. The Making Home Affordable program includes a provision for homeowners who are not yet delinquent in their payments but are in "imminent default" -- are on the brink of falling behind -- but the figures provided by the Treasury show loan servicer success rates as percentages of borrowers who are at least 60 days delinquent on their loans.
Sandy bought a $130,000 house in 2002 and received a fixed-rate mortgage with $20,000 down. But recently, with the cost of living up in addition to several unexpected expenses, Sandy found it was becoming more and more difficult to stretch her monthly retirement check to cover her mortgage payments.
In April, she called the customer service number on her mortgage bill and asked if she could refinance to lower monthly payments. She explained that she was looking for information about refinancing but didn't want to do anything to hurt her credit rating:
I was told that a refinance would result in the same or higher monthly payments. I then called my insurance company -- which also provides loans -- and got the same response. I then thought maybe I should check Fannie Mae or Freddie Mac to see if there was anything there that could help. When I went to Fannie Mae website, I found a short questionnaire to be filled out to see if I qualified for assistance. The answer was that I qualified for the Affordable Home program.Sandy faxed in the forms and information for the Home Affordable program on April 27:
On May 15, I finally reached a human at the end of the telephone tree. I spoke to Norma who then transferred me to Barbara. Barbara, in turn, transferred to Pat who then passed me on to Douglas. At which point I was told they have had a lot of applications and was given a number to call back next week. I called the number given on May 18 and again encountered a phone tree. I finally arrived at the extension of Mr. Morgan who told me to be patient, they have received a lot of inquiries, and they would get back to me. June 4, I called and talked to Pat who said it would take two to two and half weeks to hear anything. He said was it was taking 60-90 days to process applications. On June 23, I talked to Thomas who transferred me to Natasha who said it was taking 30 to 45 business days to process applications. On June 30, I reached Chuck who transferred me to Tiffany who transferred me to Nadine, who transferred me to Jackie. Jackie said I needed to fax my homeowner's insurance declaration, current insurance bill, current bank statements (the previous ones were out of date), and a copy of my divorce decree which showed I was entitled to receive half of a military retirement, and my last year's tax return. I faxed the information the same day. I called on July 11 to see if they had received the papers and what my status was. Cassandra said they received the updated information and it would take a few more weeks. On July 27, I figured we had reached 90 days, so I called again. Coralinda transferred me to Jolene who said that I needed to resubmit the form I sent on April 27 which gave permission for them to receive my past three years tax returns. Apparently the form is only good for 90 days so they need a new one. There are also new forms included in the application packet which I need to fill out. She suggested that, while I was at it, I might as well include new current banks statements and utility bill as the previously submitted ones would also expire. When I opened my mail late in the day on the 27th, I found the following from Chase dated July 6: Thank you for your recent request for a loan modification on your mortgage account (indicated above). We are sending this letter to let you know that we are actively reviewing your request and will be following up within thirty (30) days of the date of this letter. Please keep in mind that your modification request, like all loan workout options, requires full underwriting review and approval. If your modification is approved, we will send you a formal agreement to sigh. At Chase, our goal is to provide thorough and accurate service for every customer. We greatly appreciate your patience as we complete the review process. We value you as a customer and look forward to helping your with your financial needs.
Sandy faxed the documents for the third time on August 3. In a follow-up call a few days later, another representative told her they had received the paperwork, and it would be processed within the 90-120 days.
Home Affordable: The Waiting Game',
Last week, the US Treasury reported that only 9% of eligible homeowners had been helped by the Obama Administration\'s Making Home Affordable program. The government-sponsored loan modification program provides incentives for lenders to modify struggling homeowner\'s mortgages so they can avoid foreclosure -- which is not only devastating for families, but costly to banks. Five months into the Making Home Affordable program, 235,247 trial modifications are underway.
Last week, the US Treasury reported that only 9% of eligible homeowners had been helped by the Obama Administration's Making Home Affordable program. The government-sponsored loan modification program provides incentives for lenders to modify struggling homeowner's mortgages so they can avoid foreclosure -- which is not only devastating for families, but costly to banks.
Five months into the Making Home Affordable program, 235,247 trial modifications are underway. A Treasury press release claims the program is "on pace" to provide assistance to 3-4 million homeowners before the end of 2012.
But since the program was rolled out February 19th, the federal government has twice had to lean on banks to pick up the pace on loan modifications -- on July 9 and again on July 28 -- and this most recent report admits that performance among various banks has been "uneven."
Eleven of the 25 largest participating banks are helping under five percent of Americans headed toward foreclosure. The Bank of America -- recipient of $45 billion in bailout funds -- is helping less than four percent of qualified borrowers.
Some of the shortcomings the report acknowledged -- "quality of borrower experience, such as average borrower wait time for inbound inquiries, completeness and accuracy of information provided applicants, and response time for completed applications" -- are problems we've heard from dozens of HuffPost readers who have written in with their stories.
At this point, the overwhelming backlog means that homeowners who filed paperwork months ago are still being told to wait...and wait, and wait. Sandy Smith from Green Forest, Arkansas has been dealing with the mortgage modification quagmire for nearly five months.
The Treasury figures report that nine percent of qualified borrowers have received trial loan mods, but that nine percent doesn't even include homeowners like Sandy, who have struggled to make ends meet while keeping up with their mortgage payments. The Making Home Affordable program includes a provision for homeowners who are not yet delinquent in their payments but are in "imminent default" -- are on the brink of falling behind -- but the figures provided by the Treasury show loan servicer success rates as percentages of borrowers who are at least 60 days delinquent on their loans.
Sandy bought a $130,000 house in 2002 and received a fixed-rate mortgage with $20,000 down. But recently, with the cost of living up in addition to several unexpected expenses, Sandy found it was becoming more and more difficult to stretch her monthly retirement check to cover her mortgage payments.
In April, she called the customer service number on her mortgage bill and asked if she could refinance to lower monthly payments. She explained that she was looking for information about refinancing but didn't want to do anything to hurt her credit rating:
I was told that a refinance would result in the same or higher monthly payments. I then called my insurance company -- which also provides loans -- and got the same response. I then thought maybe I should check Fannie Mae or Freddie Mac to see if there was anything there that could help. When I went to Fannie Mae website, I found a short questionnaire to be filled out to see if I qualified for assistance. The answer was that I qualified for the Affordable Home program.Sandy faxed in the forms and information for the Home Affordable program on April 27:
On May 15, I finally reached a human at the end of the telephone tree. I spoke to Norma who then transferred me to Barbara. Barbara, in turn, transferred to Pat who then passed me on to Douglas. At which point I was told they have had a lot of applications and was given a number to call back next week. I called the number given on May 18 and again encountered a phone tree. I finally arrived at the extension of Mr. Morgan who told me to be patient, they have received a lot of inquiries, and they would get back to me. June 4, I called and talked to Pat who said it would take two to two and half weeks to hear anything. He said was it was taking 60-90 days to process applications. On June 23, I talked to Thomas who transferred me to Natasha who said it was taking 30 to 45 business days to process applications. On June 30, I reached Chuck who transferred me to Tiffany who transferred me to Nadine, who transferred me to Jackie. Jackie said I needed to fax my homeowner's insurance declaration, current insurance bill, current bank statements (the previous ones were out of date), and a copy of my divorce decree which showed I was entitled to receive half of a military retirement, and my last year's tax return. I faxed the information the same day. I called on July 11 to see if they had received the papers and what my status was. Cassandra said they received the updated information and it would take a few more weeks. On July 27, I figured we had reached 90 days, so I called again. Coralinda transferred me to Jolene who said that I needed to resubmit the form I sent on April 27 which gave permission for them to receive my past three years tax returns. Apparently the form is only good for 90 days so they need a new one. There are also new forms included in the application packet which I need to fill out. She suggested that, while I was at it, I might as well include new current banks statements and utility bill as the previously submitted ones would also expire. When I opened my mail late in the day on the 27th, I found the following from Chase dated July 6: Thank you for your recent request for a loan modification on your mortgage account (indicated above). We are sending this letter to let you know that we are actively reviewing your request and will be following up within thirty (30) days of the date of this letter. Please keep in mind that your modification request, like all loan workout options, requires full underwriting review and approval. If your modification is approved, we will send you a formal agreement to sigh. At Chase, our goal is to provide thorough and accurate service for every customer. We greatly appreciate your patience as we complete the review process. We value you as a customer and look forward to helping your with your financial needs.
Sandy faxed the documents for the third time on August 3. In a follow-up call a few days later, another representative told her they had received the paperwork, and it would be processed within the 90-120 days.
Sunday, August 9, 2009
RE/MAX Accord Market Statistics
Alameda & Contra Costa Week Ending 8/06/09 (Bay Side)
Listings Current Week Change From % Last Year % Listings Last Week Listings Alameda 100 -7 -6.54% 116 -13.79%
Albany 20 1 5.26% 10 100.00%
Berkeley 70 0 0.00% 94 -25.53%
Discovery Bay 64 5 8.47% 158 -59.49%
El Cerrito 34 5 17.24% 45 -24.44%
Emeryville 1 0 0.00% 5 -80.00%
Fremont 279 6 2.20% 485 -42.47%
Kensington 14 0 0.00% 11 27.27%
Newark 51 -2 -3.77% 146 -65.07%
Oakland 555 -14 -2.46% 1530 -63.73%
Oakley 143 -2 -1.38% 287 -50.17%
Piedmont 22 1 4.76% 16 37.50%
Richmond 213 -3 -1.39% 838 -74.58%
San Leandro 98 2 2.08% 318 -69.18%
San Lorenzo 18 -2 -10.00% 122 -85.25%
San Pablo 60 -2 -3.23% 250 -76.00%
Union City 52 -9 -14.75% 206 -74.76%
Totals 1794 -21 -1.16% 4637 -61.31%
Pending Current Week
Change From % Last Year % Sales Pending Last Week Pending Alameda 10 0 0.00% 8 25.00%
Albany 1 0 0.00% 2 -50.00%
Berkeley 5 -3 -37.50% 9 -44.44%
Discovery Bay 11 -2 -15.38% 6 83.33%
El Cerrito 3 0 0.00% 1 200.00%
Emeryville 0 0 0.00% 0 0.00%
Fremont 39 2 5.41% 24 62.50%
Kensington 2 2 0.00% 1 100.00%
Newark 5 -5 -50.00% 6 -16.67%
Oakland 78 10 14.71% 72 8.33%
Oakley 20 -2 -9.09% 15 33.33%
Piedmont 2 0 0.00% 1 100.00%
Richmond 45 8 21.62% 35 28.57%
San Leandro 15 -6 -28.57% 25 -40.00%
San Lorenzo 9 4 80.00% 10 -10.00%
San Pablo 16 0 0.00% 16 0.00%
Union City 23 8 53.33% 13 76.92%
Totals 284 16 5.97% 244 16.39%
Sales By Price Range # %
0-100,000 44 15.49%
100,000-200,000 72 25.35%
200,000-300,000 35 12.32%
300,000-400,000 41 14.44%
400,000 - 500,000 27 9.51%
500,000 - 600,000 25 8.80%
600,000 - 700,000 13 4.58%
700,000 - 800,000 7 2.46%
800,000 - 900,000 5 1.76%
900,000 - 1,000,000 6 2.11%
1,000,000 - 1,100,000 0 0.00%
1,100,000 - 1,200,000 3 1.06%
1,200,000 - 1,300,000 1 0.35%
1,300,000 - 1,400,000 2 0.70%
1,400,000 - 1,500,000 1 0.35%
1,500,000 - 1,800,000 1 0.35%
1,800,000 - 2,000,000 0 0.00%
2,000,000 - 2,500,000 1 0.35%
2,500,000 - 5,000,000 0 0.00%
Total 284 100.00%
Here are the "stats" regarding residential listing numbers & pending sale numbers for the additional Alameda/ Contra Costa County cities for the week of 7/30/09 – 8/06/09.
* Alameda- total of 100 listings (down 7 from last week). 10 new pending sales (same as from last week).
* Albany - total of 20 listings (up 1 from last week). 1 new pending sales (same as from last week).
* Berkeley - total of 70 listings (same as from last week). 5 new pending sales (down 3 from last week).
* Discovery Bay - total of 64 listings (up 5 from last week). 11 new pending sales (down 2 from last week).
* El Cerrito - total of 34 listings (up 5 from last week). 3 new pending sales (same as from last week).
* Emeryville - total of 1 listing (same as from last week). 0 new pending sales (same as from last week).
* Fremont - total of 279 listings (up 6 from last week). 39 new pending sales (up 2 from last week).
* Kensington - total of 14 listings (same as from last week). 2 new pending sales (up 2 from last week).
* Newark - total of 51 listings (down 2 from last week). 5 new pending sales (down 5 from last week).
* Oakland - total of 555 listings (down 14 from last week). 78 new pending sales (up 10 from last week).
* Oakley - total of 143 listings (down 2 last week). 20 new pending sales (down 2 from last week).
* Piedmont - total of 22 listings (up 1 from last week). 2 new pending sales (same as from last week).
* Richmond - total of 213 listings (down 3 from last week). 45 new pending sales (up 8 from last week).
* San Leandro - total of 98 listings (up 2 from last week). 15 new pending sales (down 6 from last week).
* San Lorenzo - total of 18 listings (down 2 from last week). 9 new pending sales (up 4 from last week).
* San Pablo - total of 60 listings (down 2 from last week). 16 new pending sales (same as from last week).
* Union City - total of 52 listings (down 9 from last week). 23 new pending sales (up 8 from last week)
The following chart shows the number of homes sold in each price range:
$0 - 100,000 44 sales $100 - 200,000 72 sales $200 - 300,000 35 sales $300 - 400,000 41 sales $400 - 500,000 27 sales $500 - 600,000 25 sales $600 - 700,000 13 sales $700 - 800,000 7 sales $800 - 900,000 5 sales $900 - 1,000,000 6 sales $1000 - 1,100,000 0 sales $1100 - 1,200,000 3 sales $1200 - 1,300,000 1 sales $1300 - 1,400,000 2 sales $1400 - 1,500,000 1 sales $1500 - 1,600,000 1 sales $1600 - 1,700,000 0 sales $1700 - 1,800,000 0 sales $1800 - 1,900,000 0 sales $1900 - 2,000,000 0 sales $2000 - 2,100,000 0 sales $2100 - 2,200,000 0 sales $2200 - 2,300,000 1 sales $2300 - 2,400,000 0 sales $2400 - 2,500,000 0 sales $2500 - 2,600,000 0 sales $2600 – 3,000,000 0 sales $3,000 – 3,100,000 0 sales
Alameda & Contra Costa Week Ending 8/06/09 (Bay Side)
Listings Current Week Change From % Last Year % Listings Last Week Listings Alameda 100 -7 -6.54% 116 -13.79%
Albany 20 1 5.26% 10 100.00%
Berkeley 70 0 0.00% 94 -25.53%
Discovery Bay 64 5 8.47% 158 -59.49%
El Cerrito 34 5 17.24% 45 -24.44%
Emeryville 1 0 0.00% 5 -80.00%
Fremont 279 6 2.20% 485 -42.47%
Kensington 14 0 0.00% 11 27.27%
Newark 51 -2 -3.77% 146 -65.07%
Oakland 555 -14 -2.46% 1530 -63.73%
Oakley 143 -2 -1.38% 287 -50.17%
Piedmont 22 1 4.76% 16 37.50%
Richmond 213 -3 -1.39% 838 -74.58%
San Leandro 98 2 2.08% 318 -69.18%
San Lorenzo 18 -2 -10.00% 122 -85.25%
San Pablo 60 -2 -3.23% 250 -76.00%
Union City 52 -9 -14.75% 206 -74.76%
Totals 1794 -21 -1.16% 4637 -61.31%
Pending Current Week
Change From % Last Year % Sales Pending Last Week Pending Alameda 10 0 0.00% 8 25.00%
Albany 1 0 0.00% 2 -50.00%
Berkeley 5 -3 -37.50% 9 -44.44%
Discovery Bay 11 -2 -15.38% 6 83.33%
El Cerrito 3 0 0.00% 1 200.00%
Emeryville 0 0 0.00% 0 0.00%
Fremont 39 2 5.41% 24 62.50%
Kensington 2 2 0.00% 1 100.00%
Newark 5 -5 -50.00% 6 -16.67%
Oakland 78 10 14.71% 72 8.33%
Oakley 20 -2 -9.09% 15 33.33%
Piedmont 2 0 0.00% 1 100.00%
Richmond 45 8 21.62% 35 28.57%
San Leandro 15 -6 -28.57% 25 -40.00%
San Lorenzo 9 4 80.00% 10 -10.00%
San Pablo 16 0 0.00% 16 0.00%
Union City 23 8 53.33% 13 76.92%
Totals 284 16 5.97% 244 16.39%
Sales By Price Range # %
0-100,000 44 15.49%
100,000-200,000 72 25.35%
200,000-300,000 35 12.32%
300,000-400,000 41 14.44%
400,000 - 500,000 27 9.51%
500,000 - 600,000 25 8.80%
600,000 - 700,000 13 4.58%
700,000 - 800,000 7 2.46%
800,000 - 900,000 5 1.76%
900,000 - 1,000,000 6 2.11%
1,000,000 - 1,100,000 0 0.00%
1,100,000 - 1,200,000 3 1.06%
1,200,000 - 1,300,000 1 0.35%
1,300,000 - 1,400,000 2 0.70%
1,400,000 - 1,500,000 1 0.35%
1,500,000 - 1,800,000 1 0.35%
1,800,000 - 2,000,000 0 0.00%
2,000,000 - 2,500,000 1 0.35%
2,500,000 - 5,000,000 0 0.00%
Total 284 100.00%
Here are the "stats" regarding residential listing numbers & pending sale numbers for the additional Alameda/ Contra Costa County cities for the week of 7/30/09 – 8/06/09.
* Alameda- total of 100 listings (down 7 from last week). 10 new pending sales (same as from last week).
* Albany - total of 20 listings (up 1 from last week). 1 new pending sales (same as from last week).
* Berkeley - total of 70 listings (same as from last week). 5 new pending sales (down 3 from last week).
* Discovery Bay - total of 64 listings (up 5 from last week). 11 new pending sales (down 2 from last week).
* El Cerrito - total of 34 listings (up 5 from last week). 3 new pending sales (same as from last week).
* Emeryville - total of 1 listing (same as from last week). 0 new pending sales (same as from last week).
* Fremont - total of 279 listings (up 6 from last week). 39 new pending sales (up 2 from last week).
* Kensington - total of 14 listings (same as from last week). 2 new pending sales (up 2 from last week).
* Newark - total of 51 listings (down 2 from last week). 5 new pending sales (down 5 from last week).
* Oakland - total of 555 listings (down 14 from last week). 78 new pending sales (up 10 from last week).
* Oakley - total of 143 listings (down 2 last week). 20 new pending sales (down 2 from last week).
* Piedmont - total of 22 listings (up 1 from last week). 2 new pending sales (same as from last week).
* Richmond - total of 213 listings (down 3 from last week). 45 new pending sales (up 8 from last week).
* San Leandro - total of 98 listings (up 2 from last week). 15 new pending sales (down 6 from last week).
* San Lorenzo - total of 18 listings (down 2 from last week). 9 new pending sales (up 4 from last week).
* San Pablo - total of 60 listings (down 2 from last week). 16 new pending sales (same as from last week).
* Union City - total of 52 listings (down 9 from last week). 23 new pending sales (up 8 from last week)
The following chart shows the number of homes sold in each price range:
$0 - 100,000 44 sales $100 - 200,000 72 sales $200 - 300,000 35 sales $300 - 400,000 41 sales $400 - 500,000 27 sales $500 - 600,000 25 sales $600 - 700,000 13 sales $700 - 800,000 7 sales $800 - 900,000 5 sales $900 - 1,000,000 6 sales $1000 - 1,100,000 0 sales $1100 - 1,200,000 3 sales $1200 - 1,300,000 1 sales $1300 - 1,400,000 2 sales $1400 - 1,500,000 1 sales $1500 - 1,600,000 1 sales $1600 - 1,700,000 0 sales $1700 - 1,800,000 0 sales $1800 - 1,900,000 0 sales $1900 - 2,000,000 0 sales $2000 - 2,100,000 0 sales $2100 - 2,200,000 0 sales $2200 - 2,300,000 1 sales $2300 - 2,400,000 0 sales $2400 - 2,500,000 0 sales $2500 - 2,600,000 0 sales $2600 – 3,000,000 0 sales $3,000 – 3,100,000 0 sales
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