The Westside Alamo Real estate market has fallen in line with the surrounding areas
Much like the real estate market in the town of Danville and the specific Danville areas of Greenbrook, Sycamore, and Westside Danville the Westside Alamo market has seen it’s inventory absorption rate drop to 6.5 months. There are 20 active listings and 3 pendings. The stability, or reduced absorption rate, is due to several factors not the least of which is a reduction in active listings, lower interest rates, and more confidence in the economy. The market is expected to remain at this level at least in the near future.
Current Market Statistics:
The average list price for the active Westside Alamo listings is at $1,911,056 with the highest being at $5,215,000 and the lowest at $699,000. The average price per square foot is $525 with the highest at $1,070.95 and the lowest at $309.03. The average days on market is 151 with the longest being at 654 and the shortest at 3. The prices for the 3 pending listings are $599,000, $869,000, and $1,000,000. The prices per square foot are $435.32, $569.46, $347.71. The days on market are 96, 109, and 336.
