What's the Most Expensive Home for Sale in Alameda?

If you're waiting for your home to regain some of its lost value, you might not have to wait long.

Home prices are on the rise and, according to at least one report, are expected to increase 3.3 percent a year through 2017.

Part of the reason is the lack of inventory, causing multiple bids on houses. Another reason is low interest rates. Another is an improvement in consumer credit, which encourages banks to loan more money.

For fun, we thought we'd look for the most expensive home on the market in Alameda that we could find.

We came up with this four-bedroom, three-bathroom house at 2955 Sea View Parkway, which is listed at $1.29 million.

The home, built in 1989, is 2,584 square feet. It sits on about an eighth of an acre and last sold in 2003 for $979,000. The home is also near San Francisco Bay.

Do you know of another high-priced home in your community? Tell us about it in the comments section.

You can see other high-priced homes in neighboring towns by going to San Leandro Patch and Berkeley Patch.

This information was provided by Rachael Hand, Broker Associate, Coldwell Banker and Director for the Contra Costa Board of Realtors. You can reach her at 925-372-8080 or rachael.hand@cbnorcal.com