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Albany Real Estate Sales Data for All Home Types in Dec 2018

Median Sales Price
$649,000
Dec 2017 (YOY)
$1,090,000 Downtrend -68.0%

Nov 2018 (MOM)
$798,000 Downtrend -23.0%
Avg Cost Per Foot
$758
Dec 2017 (YOY)
$720 Uptrend 5.2%

Nov 2018 (MOM)
$734 Uptrend 3.2%
Dec 2018 Dec 2017 Nov 2018
Total Sales 8 6 Uptrend 33.3% 15 Downtrend -46.7%
Average Sold Price $673,625 $990,667 Downtrend -32.0% $875,933 Downtrend -23.1%
Median DOM 31 14 Uptrend 121.4% 14 Uptrend 121.4%
Avg Listing/Sales Ratio 111% 110% Uptrend 0.8% 110% Uptrend 0.9%
The charts below represent the current state of the real estate market in Albany. I created these charts to answer the question I hear a lot, "How is the real estate market in Albany".

Market Sales Rate (All Home Types)

The market sales rate, or absorption rate is based on the total number of homes for sale, divided by the total sold in the same time period. This chart shows whether we are in a "buyers Market" or "Sellers Market".

Market Price trends (All Home Types)

The market price trend chart shows the median selling prices over time.

All Home Types Market Activity - Monthly Active, Pending and Sold Activity

The market inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each montha and sold each month.
Date Median Price DOM Avg $/sqft Sales Ratio
2018-12 $649,000 31 $758 110.88%
2018-11 $798,000 14 $734 109.90%
2018-10 $862,000 16 $715 111.82%
2018-09 $775,000 14 $685 110.60%
2018-08 $777,000 17 $719 115.14%
2018-07 $599,000 18 $691 111.15%
2018-06 $850,000 13 $820 116.98%
2018-05 $824,000 14 $815 121.92%
2018-04 $783,389 13 $796 115.66%
2018-03 $849,500 15 $868 115.67%
2018-02 $849,000 15 $874 119.47%
2018-01 $1,450,000 18 $841 97.43%
2017-12 $1,090,000 14 $720 110.01%

Complete Residential Inventory

Condo

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 3 $555,000 $566,296 1,113 $484 $510
all 3 $555,000 $566,296 1,113 $484 $510
This is a condensed table. Please view this website on a larger screen to see full details
Bedrooms Active Listings Median Price
2 3 $555,000
all 3 $555,000

Detached

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 1 $849,000 $849,000 1,049 $809 $809
3 2 $1,122,500 $1,122,500 1,728 $646 $646
4 2 $1,186,500 $1,186,500 1,706 $710 $710
all 5 $998,000 $1,093,400 1,583 $665 $705
This is a condensed table. Please view this website on a larger screen to see full details
Bedrooms Active Listings Median Price
2 1 $849,000
3 2 $1,122,500
4 2 $1,186,500
all 5 $998,000

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built New Listings Total Listings
Top/First $1,362,500 1,794 44 1963 1 2 Most Expensive 25% of properties
Upper/Second $946,500 1,639 10 1947 0 2 Upper-middle 25% of properties
Lower/Third $737,000 1,065 44 1964 0 2 Lower-middle 25% of properties
Bottom/Fourth $536,944 1,130 84 1977 0 2 Least expensive 25% of properties
This is a condensed table. Please view this website on a larger screen to see full details
Quartile Median Price Total Listings
Top/First $1,362,500 2
Upper/Second $946,500 2
Lower/Third $737,000 2
Bottom/Fourth $536,944 2
Intero Real Estate Services, Inc.
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Phone: 888.422.9991
Email: trangsf@gmail.com
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Albany homes for sale

8

1 New | 0 REO
0 Price Change | 0 Back on Market
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