ALAMEDA MARKET REPORT BAY FARM TOWNHOUSES

ALAMEDA MARKET REPORT BAY FARM TOWNHOUSES

ALAMEDA MARKET REPORT BAY FARM TOWNHOUSES Construction on the townhouses on Bay Farm Island were begun in 1969. There were three distinct developments.

Casitas townhouse were the first built circa 1969. Casitas units have seven models. Model A is a two bedroom one bath single level unit approximately 964 square feet. The largest model is Model G which is a four bedroom 2.5 bath unit with approximately 1628 square feet of living space.

Islandia townhouses were completed circa 1971. There are seven models of Islandia townhouses range in size from the smallest Model A to the largest Model M. Model A is a two bedroom two bath unit approximately 1250 square feet. Model G-4 is a four bedroom 2.5 bath unit approximately 1680 square feet.

The Garden Isle development was completed circa 1973. Garden Isle has 11 models ranging from Model A a two bedroom, 2 bath single story unit approximately 1250 square feet to Model M, which is a four bedroom 2.5 bath 2 story unit with approximately 2100 square feet. Models K and L are detached single level patio homes. Model M is a detached two level patio home.

3 AND 4 BEDROOM TOWNHOUSES

2 BEDROOM ONE LEVEL END UNIT TOWNHOUSE

The current August 2011 Monthly Supply of Inventory is down by 22% from August 2010. The monthly supply of inventory indicates the number of months it may take for the current inventory of real estate to be depleted at the present rate of sales. The absorption rate, or monthly supply of inventory according to the graph shown is 3.5 months. This figure indicated that at this time a seller's market exists in the Bay Farm townhouses. It could also mean that sellers are delaying putting their houses on the market until after the holidays.

A declining figure indicates the inventory of homes for sale is decreasing since more homes are being sold than are coming on the market. A rising absorption rate indicates that there are more homes coming on the market than there are buyers willing to buy at the market price.

• Normal Market” exist when the Absorption Rate is 5-7 months.
• “Sellers Market” exist when the Absorption Rate is lower. (1-4 month)
• “Buyers Market” exist when the Absorption Rate is higher. (7+ months)

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