alamo real estate: Alamo Real Estate Update - April - 04/02/15 10:37 AM


Pending home sales in California saw the first double-digit annual increase in three years in February and also the largest gains since the housing crisis. According to a report from the California Association of Realtors, pending home sales increased by 15.6 percent year over year in February, the most significant annual increase since April of 2009.
The Bay Area also saw double-digit percentage increases which suggests that the pace of sales will pick up across the state in the coming months. This may finally give buyers a more level playing field.
The Alamo real estate median sale price saw a slight year over year increase of 4% … (0 comments)

alamo real estate: Alamo Real Estate Update - March - 03/04/15 09:57 AM


The market has been pretty quiet among many Bay Area cities over the last few months of 2015, including Alamo. Home sales declined in all nine Bay Area counties in the first month of 2015 which was the the result of limited affordability, according to a report released by the California Association of Realtors. Additionally the sales drop-off in the Bay Area was attributed to intense demand and inventory shortages, which have driven up prices. The report also stated that the Bay Area was the only region in the state where the average home seller could expect to take in about 100 percent of … (0 comments)

alamo real estate: Alamo Real Estate Update -February - 02/05/15 04:17 AM
The number of Bay Area homes on the market tightened as 2014 ended and continue to in the first month of 2015. According to the California Association of Realtors December home sales and price report, the months’ supply of inventory for single-family homes across the Bay Area dropped to 1.7 in December, down from 2.3 in November. With that, the Bay Area real estate market remains heavily tilted in favor of sellers, as it did one year ago. Along with inventory levels, home prices also dipped across the Bay Area. Even with the month-over-month slips, Bay Area counties remain the state’s most expensive with CAR … (0 comments)

alamo real estate: Alamo Real Estate Update - January - 01/07/15 07:18 AM
 
Happy 2015 to all! What a year 2014 was for the real estate market. Overall, the market in Alamo was steady but like all of the Bay Area, it was nothing to write home about. Employment statistics released earlier in the week by the U.S. Bureau of Labor Statistics (BLS) fall right in line with analysts’ recent predictions that the housing market will make a comeback in 2015. Reports from economists at CoreLogic and Wells Fargo released in December indicated they believe housing will rebound in 2015 after a disappointing 2014, and they cited improvements in the U.S. labor market … (0 comments)

alamo real estate: Alamo Real Estate Update - December - 12/04/14 05:22 AM

2014 has been a great year for the Alamo real estate market. And with recent 2015 projections coming out for the U.S. real estate market, 2015 will likely be even better. Freddie Mac’s economic outlook for 2015 calls for 3 percent growth in the U.S. economy, which means good news for Bay Area housing. Home value appreciation is expected to drop slightly which is a positive for buyers and sellers. Home values have appreciated so much throughout the last year so many homeowners are all in all in a good place. This also means buyers will be more active. As far as … (0 comments)

alamo real estate: Alamo Real Estate Update - November - 11/06/14 02:30 AM

With only two more months left of 2014, most are wondering how 2015 projections are looking for sellers and buyers. A recent forecast by the California Association of Realtors gives much hope to homebuyers for the coming year, with a prediction of a growing supply of inventory, leveling home prices and less competition with investors. There is also a prediction that mortgage interest rates will remain at historically low levels throughout 2015. This is an incredible outlook for the coming year. And with that being said, 2014 has been a very solid year in the real estate market.
In October, … (1 comments)

alamo real estate: Alamo Real Estate Update - October - 10/13/14 02:57 PM

The U.S. real estate market is nearly stabilized with several of our local markets recovering faster than the nation. Year over year numbers in Alamo have spiked exponentially, with a 31% increase in median sale price and a 38% increase in the number of units sold. Alamo has seen increases all across the board. In addition to the median sale price and units sold the number of properties under contract have increased by 38%, from 8 in 2013 to 11 in 2014. The number of new properties has remained the same year over year but this is pretty typical for this … (1 comments)

alamo real estate: Alamo Real Estate Update - July - 07/10/14 02:41 AM

With summer in full swing Bay Area real estate is remaining strong. Buyers are busy during this season, so sellers are in a great position. Last month, the median sale price decreased slightly year over year by 4%, from 1,365,000 to 1,313,500. The first 5 months of the year we saw a steady increase in the median sale price but from May to June that number dropped by 22%, the largest dip we’ve seen since the beginning of the year. And year over year the number of properties sold is down 21%, from 29 to 23, though this is due … (1 comments)

alamo real estate: Alamo Real Estate Update - June - 06/04/14 12:18 PM

The median sale price in Alamo has gone up 43% year over year, from $1,200,000 in May of last year to $1,710,000 this May. That is quite a spike! And month to month the increase is roughly 23%…over $300,000 increase from April to May. And over the past year, the number of properties sold is down 28% from 21 to 29. Though, from January of this year that number has only begun to increase so we’ll see how the year ends. My guess is that the number of sold properties will continue to increase. Another interesting number is the amount … (0 comments)

alamo real estate: Concord Real Estate Update - April - 04/15/14 01:45 AM

Concord is following suit of many other Bay Area Cities with inventory, buyers and home values increasing. The real estate market is really beginning to balance out in 2014. Concord hasn't seen dramatic spikes but more of a small and steady growth. In March the median sale price was $435,117 an increase of 20% from last year. Additionally, the number of new properties increased, from 92 in February to 123 in March, an increase of nearly 35%. And so far the number of properties sold has increased slowly, from Just under 60 in January to around 63 in March. But … (0 comments)

alamo real estate: Alamo Real Estate Update - April - 04/15/14 01:39 AM

Alamo saw growth in all fronts for the month of March. For the last 3 months the number of properties and the sale price has increased. Overall, the market truly seems to be balancing out with increases in inventory and the number of buyers. For March, the median sold price in Alamo shot up from 1.2 million in February to 1.4 million, an increase of nearly 17%. The number of new properties for March 2014 was 32, compared to 35 last March; a slight decrease over the year but month by month we are seeing a steady increase. The increases … (0 comments)

alamo real estate: Alamo Real Estate Update - March - 03/12/14 11:05 AM
Alamo saw a slight decrease from January to February as far as the median sale price is concerned, nearly 14% from  $1,475,000 in January to $1,276,760 in February. This could be contributed to the spike in new listings that came on the market. We’ve gotten used to seeing low inventory and higher sale prices but that may be shifting as the economy is improving. New listings on the market increased from 24 in January to 29 in February a percentage increase of 20%, which is pretty significant. The number of expired listings also decreased nearly 70%, therefore bringing up the number of … (0 comments)

alamo real estate: Alamo Real Estate Update - February - 02/09/14 02:32 PM
January was a stable month for Alamo real estate, starting 2014 off strong and supporting the anticipated market growth. Alamo is one of the wealthiest cities in the country so that alone provides for a steady and healthy real estate market. In January, the median sold price was $1,475,000…now that is a wealthy city! Inventory is still low which is driving the sale prices up. There were only 7 properties sold throughout January 2014, compared to 12 in January of 2013. Looking forward to see what happens within the Alamo real estate market. Click Here to read more. 
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alamo real estate: Alamo Year End Real Estate Update - 01/22/14 09:55 AM
Alamo is a unique community in that real estate is always in high demand and 2013 confirmed that. We saw a 29% increase in median sale prices from December 2012 to December 2013, from $1,185,000 to $1,525,000!  And similar to most Bay Area cities, the number of units for sale was down 15%. This was typical for 2013, as the supply was down and demand was high, creating a great sellers market. The great news is that 2014 is only expected to forge ahead with increased home sales and prices. Alamo should expect to come out on top in 2014. Click … (0 comments)