In fact, Alameda County set a record in Q2 with an average sales price of $980,792—a 7 percent gain from last year’s average of $912,792. This also marked the ninth consecutive quarter in which the Alameda County has surpassed $800,000. The county bounced back from a slower first quarter to post 2,790 total home sales in Q2 2017, a figure that was similarly in line with the 2,759 homes that sold during the second quarter of last year. In addition to solid price gains and market demand, sellers here also enjoyed the fastest turnaround times of all Bay Area counties with Alameda County’s average 17 DOM moving 2 percent faster than it did in Q2 2016.
AVERAGE SALES PRICE BY CITY – THE TOP 10
Nearly every community of Alameda County saw year-over-over year gains. However, Piedmont led the way with its $2.130 million average sales price being the highest for the quarter, but was still 6 percent lower than where it was a year prior. Q2’s largest year-over-year gain occurred in Albany where the average sales price of $1.137 million was 22 percent higher than the $931,000 recorded during this same time last year. Berkeley’s $1.343 million average sales price in Q2, up 4 percent year-over-year, was the second highest average for Alameda County.
SALES PRICE CHANGE
Many sellers took a risk in Alameda County during the second quarter, with those requiring no change on initial asking price netting an additional 9 percent profit, while other sellers who tested the market were still able to recover 93 percent of their asking price.