You've heard that inventory is low, and certainly part of the reason is that sales are up. In Alamo, for the first 3 quarters of the year, we had 197 sales with a median sales price of $1,200,000 and a median price per square foot of $368. 62 of these sales were over $400/sf.
That's up compared to the first 3 quarters of 2011 when there were 135 sales with a median sales price of $1,100,000 and a median ppsf of $358. 36 were over $400/sf.
Homes are selling faster; they are getting better prices (not dramatically so, but prices are definitely up).
Today in Alamo, with 47 homes on the market, the breakdown of those homes looks like this:
• under $1,000,000 – 8
• $1m - $1.5 – 15
• $1.5 - $2m – 8
• $2m - $2.5 – 10 (including the 5 new Davidon homes under construction in Alamo Springs)
• $2.5 - $3m – 2
• $3m - $4m – 1
• $4m - $5m – 1
• $5m - $6m – 2
Looking for an open house today? I have two beautiful view properties on the market in Alamo, both open 1-4:
www.391CastleCrest.com
www.2677Roundhill.com
Inventory numbers today (vs 9/30):
Alamo – 47 (down 5)
Danville – 102 (up 8)
Blackhawk – 39 (down 2)
San Ramon – 45 (down 8)
Dublin – 46 (down 9)
Pleasanton – 79 (up 6)
Lafayette – 39 (down 3)
Orinda – 45 (up 3)
Pleasant Hill – 24 (down 10)
Walnut Creek – 60 (down 9)
Rossmoor – 28 (down 7)
Antioch – 99 (down 22)
