The real estate market in Alamo is flat in terms of sales and inventory absorption rate.
With an inventory absorption rate of 3.71 months, the real estate market in Alamo for single family detached homes is very stable. In comparison the Alamo market is moving slower than the nearby town of Danville and city of San Ramon. What we are finding is that while home sales take longer in Alamo than in the other communities, the percentage of bank owned and short sales is smaller than the neighboring communities. In general the home sales in Alamo should stay at their current pace at least for the next few months.
Current Alamo Statistics
There are 104 active listings of single family detached homes currently on the market in alamo. The average list price for these homes is $2,092,506 with a high of $38,000,000 and a low of $599,000. The average price per square foot for these active listings is $444 and the average days on market is 131. There are 28 pending sales in Alamo. The average list price for these pending sales is $1,260,918 with a high of $2,400,000 and a low of $694,900. The average price per square foot is $361 and the average days on market is 105. During the month of October there were 16 homes that closed escrow. The average sales price for these homes was $1,239,167 with a high of $2,150,000 and a low of $735,000. The average price per square foot for these sold homes was $395 and the average days on market was 80 days.
