Alamo CA Real Estate Market Update Video January 24

Alamo CA Real Estate Market Update Video – January 24, 2017

0:00: Hi everybody! Doug Buenz with the 680 group at Venture Sotheby’s Realty. I’m here with your Alamo California market update

here on January 23rd.

0:11: The market’s hoppin’! Inventory is up 200% from last month at this time. There were 9 new listings in Alamo this month- that’s up 200%. There were also 6 new pending sales in Alamo and that’s up 50% so market activity is doing good.

0:27: The average price per square foot for sold properties this month so far is $435 a square foot- that’s down 15%. But again we’re comparing it to December, which typically is a little bit slower month so indications are good.

0:44: We have 49 days on the market as the average days on market for sold properties- that’s down 31%. So we can see that the sold properties are spending less time on the market. So that’s a positive indicator.

0:57: Sold properties are selling on average this month to date for 93% of the listing price. So looks like sellers are still reaching a little bit with their prices and they’re net selling for about 7% less on average.

1:12: The median price for Alamo this month to date is a $1,875,000 and that’s down slightly from December, 3.8% lower than December, but still a very healthy number. All in all, the market’s doing great. It’s a great time to buy or sell.

1:26: As always if we can help you or someone you know, please do give us a call at 925-463 -2000 or visit us at 680homes.com. Thanks for watching. Again, this is the Alamo California market update.