The real estate market in Westside Alamo is still fluxuating from stabile to volatile.
The current inventory absorption rate for Westside Alamo is a little over 10 months. While this is high and considered a buyers market, it is lower than the absoprtion rate we saw last month. The relatively low inventory and low turnover contributes to the volatility because a change in status from active to pending for only 1-2 homes can significantly change the rate. The active inventory levels have remained stabile in that we are seeing between 20-23 active listing on a continuous basis. Compared to Danville, the Westside Alamo real estate market is much slower and more closely resembles that of Westside Danville.
The current activity is as follows:
There are currently 20 active listings in the Westside Alamo real estate market. The average price for these active listings is $1,940,536 with the highest being at $5,215,000 and the lowest at $599,000. The average price per square foot is at $529 with the highest being at $1,070.95 and the lowest at $309.03. The average days on market is at 171 days with the high being at 626 and the shortest at 5 days. In addition there are 2 pending sales. The list prices for these pending sales were at $869,000 and $1,495,000. The price per square foot for these homes are $569.46 and $477.64. The days on market are 109 and 152.
