The real estate market within the Westside of Alamo has continued to jump around from week to week in terms of inventory and absorption.
The inventory absorption rate within this market over the past 3 months has moved between a low of 5 months to a high of 24 months the current market is at 12 months. There is currently 24 acive listings within the Westsde Alamo market. The average price for these listings is at $1,914,889. The highest price listing is currently on the market for $5,215,000 and the lowest is active at $699,000. The average price per square foot for these listings is at $526 with the high being at $1,070.95 and the lowest at $311.44. The average days on market is currently at 169 days with the longest at 613 and the shortest at 20. There are 2 pending listings in the westside Alamo area. These pendng listings were prices at $599,000, and $869,000 with a price per square foot of $435.32 and $569.46. The days on market for these 2 homes is at 75 and 109.
Comparisons to Danville are in order.
The Westside Alamo real estate market closely resembles that of Westside Danville in terms of inventory absorption. There is a difference in price per square foot and the homes in Westside Alamo on average are on the market for more days. In contrast the overall Danville market, and specifically Greenbrook and Sycamore, have experienced a lower absorption rate. These areas have experienced absorption rates of between 5-8 months consistently.
