Alameda's residential real estate market is currently defined by a stark contrast between its historic luxury tier and its middle-market baseline. According to the Bay Area Home Report Bot, a $2.53 million single-family home on the 2500 block of Calhoun Street has emerged as the most significant transaction in recent weekly data.
The $1,164 per square foot Calhoun Street benchmark
The Calhoun Street property, originally constructed in 1900, has set a high standard for value density in the Alameda area. This 2,174-square-foot residence, which features five bedrooms and two bathrooms, achieved a price of $1,164 per square foot. This premium is nearly double the broader Alameda average of $696 per square foot reported by the Bay Area News Group.
Such a high price-per-square-foot metric suggests that buyers in this specific pocket are willing to pay a significant premium for the character and scarcity of turn-of-the-century architecture. While the total price is high, the density of value on this specific lot distinguishes it from the more sprawling, lower-cost-per-foot properties in the region.
A $1.3 million average across 20 Alameda sales
While individual luxury sales grab headlines,the broader market activity shows a more moderate, yet still expensive, trend. the recent data shows that Alameda saw 20 total residential sales, with prices fluctuating between $1.18 million and $2.53 million. The average sale price across these 20 transactions settled at $1.3 million.
This middle-market volume is supported by properties like the 1979 townhouse on Carob Lane, which sold for $1,180,000, and a 1958 single-family home on Maitland Drive that closed at $1,300,000. These sales indicate that despite the presence of multi-million dollar estates, the bulk of the market remains anchored in the seven-figure range.
The divide between 1900s heritage and 2006 builds
Architectural era appears to be a primary driver of price points and buyer interest within the local market. Older estates, such as the 1915 home on Mound Street that sold for $2.325 million and the 1925 residence on Encinal Avenue that closed at $1,550,000, continue to command substantial premiums.
In contrast,more modern properties, including a 2006 build on Teal Lane sold for $1,950,000 and a 2006 residence on Coral Sea Street sold for $1,725,000, represent a different segment of the high-end market. This suggests that while contemporary amenities in 2006-era homes are desirable, the historic charm of early 20th-century builds remains a dominant force in Alameda's valuation.
The discrepancy between June closings and August reporting
A significant amount of the current data reflects transactions that were finalized weeks before they were officially recorded in the week of August 3. For example, the $1,180,000 Carob Lane deal was finalized on June 16, and the $1,300,000 Maitland Drive sale was completed on June 18 .
This reporting lag raises critical questions about the current velocity of the Alameda market : are we seeing a fresh surge in activity, or is this simply a delayed reflection of a busy June? Furthermore, the source does not clarify if the high price-per-square-foot on Calhoun Street is due to recent interior renovations or the inherent value of the 1900s land, leaving a key piece of the valuation puzzle unsolved.
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