Alamo Real Estate Update - July

By
Real Estate Agent with Keller Williams

Alamo_Graph

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 to the comparison of available inventory. Inventory levels are still down from last year. In comparison, there has been a continuous monthly increase in properties sold since January so things are slowly moving in the right direction. Alamo is still a very strong market, even with the decreases we’ve seen. Things change month by month so let’s see what happens in July.

 

Community Event - July 

2014 Movie Under the Stars – Despicable Me 2

Friday, July 18th
Movie starts at 8:30 p.m.
at Livorna Park in Alamo
(Located at the corner of Livorna Road and Miranda Avenue)

Bring blankets, chairs, flashlights, snacks, family and friends.
For information call Recreation Staff at (925) 313-2272.

 

 

Comments (1)

Randy Shamburger
Movement Mortgage - Greenville, SC
FHA, VA, USDA and Conventional Mortgage Expert

Great market update, thanks for sharing.

Have a Big day,

Randy

Jul 10, 2014 03:01 AM