Danville & Alamo Real Estate Beat: Historically Low

Truly, inventory is now freakishly low. Thursday on tour there were only three homes in Alamo (all not new to the market, but rather “back on” after a break); and only nine in Danville (most not new listings also).

Here are today’s inventory numbers:

• Alamo – 65 (-3)
• Danville – 139 (+2)
• Blackhawk – 30 (steady)
• San Ramon – 125 (-4)
• Lafayette – 50 (+15)
• Orinda – 26 (-2)
• Pleasant Hill – 67 (+12)
• Walnut Creek – 123 (-2)
• Rossmoor – 96 (-5)
• Antioch – 203 (+4)

Interestingly, I ran statistics for all the local towns, examining quarterly inventory over the past three years and found it is historically low in many towns. Three year historic low for this time of year in Alamo and Danville and also in Oakland, Walnut Creek, Lafayette, Antioch, Pittsburg, Pleasanton, Castro Valley, Richmond, and Piedmont.

Meanwhile, there have been three more sales in Alamo since my last post, one REO and two regular sales:

• 27 Avalon Ct.: 3 bedrooms, 2 bathrooms, 1,873-square-feet, 0.56-acre lot, built in 1960. This was a bank-owned home on the Walnut Creek border (WC school district). It listed for $600,000 and sold for $605,000 ($323/square-foot) with only seven days on the market.
• 2469 Biltmore Dr.: 3 bedrooms, 2.5 bathrooms, 3,110-square-feet, 0.5-acre lot, built in 1977. Located in Roundhill with great golf course views. Listed for $1,375,000 and sold for $1,300,000 (or $418/square-foot).
• 230 Biltmore Ct.: 4 bedrooms, 4.5 bathrooms, 6,326-square-feet, 0.34-acre lot, built in 2006. This house was a favorite of mine. Simply stunning. Exquisite details throughout the home. I was particularly enamored with the pool, which is a beautiful water feature and architectural work of art as well as a functioning pool. Originally listed for $3,300,000, it reduced to $2,999,000 and sold for $2,618,000 (or $414/square-foot).