Real Estate Trends in Alamo, CA: 2012 Year in Review

This blog caters primarily to people interested in Real Estate Trends throughout the areas I've lived in and continue to service; Walnut Creek, Brentwood, Oakley, and Alamo, California.  However, most of the information posted on this site really applies to all markets.  If you have any questions that the content inspires, please drop me a line.  I'm happy to reply in a timely manner.  If you'd like more specific information about real property in your area, please don't hesitate to ask...

...That's why I'm here.

  

Real Estate Trends in Alamo, CA 

2012 Year In Review

The table below simply illustrates the List Price (LP) and Sale Price (SP) High, Low, Average, and Median for the time spanning 1/1/12 through 12/31/12.  There were 243 homes sold in Alamo in 2012.

Compared to 2011 (below) there were only 165 homes sold, with a median home price roughly 10% lower than in 2012.

Days on Market and Sales Price vs List Price

The blue line graph below illustrates the Sale Price vs List Price ratio.  For example, if a home was listed for $2m and sold for $2.1m, the ratio would be 105%.  You'll see that in Alamo, the asking price has been higher than the selling price, on average, leaving the ratio below 100%.  Simply put, on average, homes in Alamo are listed higher than the market will support.

The yellow bars indicate the Average Cumulative Days on the Market.  Keep in mind that in an smaller, more intimate market such as Alamo, one or two sellers holding out for the perfect buyer can skew these results by quite a bit.  

Comprehensive Real Estate Market Data for Alamo, CA 2012

The table below is a truly comprehensive view of important data as it relates to the Real Estate Market in Alamo, CA.  Note: Decreasing number of homes "For Sale" and the correlation between Days On Market and Median Price.

As stated in the header, if there's more specific information that you'd like to see, up to and including a complete Comparative Market Analysis for your own property, please drop me an e-mail or give me a call. There are several ways to reach me immediately below.

As always, I'll leave you with a little taste of wisdom:

“There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.”

~ Albert Einstein

Until next time, and thank you in advance for remembering me when the topic of real estate arises.

Andy Blasquez ~ The last Realtor you'll ever need to look for.
DRE# 01826135

www.andyblasquez.com

Email me at andy.blasquez@gmail.com
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