The Westside Alamo real estate market continues to swing widely
Within the Westside Alamo market we have seen the inventory absorption rate swing from over 20 months to 6 months. We have also seen inventory drop over the last few weeks. This drop in inventory has been instrumental in the shorter absorption rate and is consistent with the real estate markets in Danville and Westside Danville. We expect inventory levels to remain flat or slightly decrease over the next month or two while sales levels should remain flat or increase. As a result there will be less downward pressure on prices and overall sales prices should flatten out.
Current market activity
Within the Westside Alamo real estate market there are 19 active listings. The average price for these listings is $1,934,296 with the highest price listing at $5,215,000 and the lowest priced at $699,000. The average price per square foot is at $523 with the highest at $1,070.95 and the lowest at $296.63. The average days on market is at 170 with the longest at 647 and the shortest at 4. There are currently 3 pending sales. The prices for these pending sales were at $599,000, $869,000, and $1,495,000. The prices per square foot for these pending sales is $435.32, $569.46, and $477.64. The days on market for these homes are 96, 109, and 152.
