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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Alamo. Low interest rates with low prices makes a home purchase a great value! We are your East Bay Property Pros; for more information call us at 1-888-810-8826.
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| Average Home Price | $1,200,000 - View Graph Trend |
| Average Price Compared to Last Year | Up more than 30% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $1,000,000+ |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 85-90% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Alamo is | Increasing |
| Seller Activity for the past 90 days in Alamo is? | Increasing |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | In May 2010, there were 138 detached homes for sale in Alamo. Sixteen homes closed escrow with an average price of $1,200,000. This represents a 33% increase in value compared to May 2009. Homes sold averaged 81 days on the market. Lower prices with competative interest rates create a prefect time to buy in Alamo. |
| Nearest Metro Area | San Francisco |
| Housing Hot Spots | Most cities within the Contra Costa County area are considered 'Housing Hotspots' |
| Average Sold Price | $1,200,000 - View Graph Trend |
Alamo Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
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