If an Alamo home search is in your future the following market statistics and conditions are encouraging.
Active Listings = 133
Total Pending Sales = 29
- Pending Short Sales = 11
- Pending REO (bank owned), = 1
- Pending in Last 30 Days = 15
Months of Inventory (Active Listings divided by pending sales in last 30 days), = 8.86 months of inventory.
Sales in the upper end market seem to be doing well compared to other areas here in Contra Costa county. Alamo has always been a desirable area so those that can afford to move up are doing so.
If you are in the market for an Alamo home now is the time to make your move before interest rates begin their enivitable climb. Jumbo loans are now available at interest rates far below where they were at the beginning of this year. For more information about Alamo and available properties give me a call or shoot me an email to start your Alamo home search.
The key to a successful real estate transaction, whether buying, selling or investing, is to organize and implement a plan for success.
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