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The following data represents the Real Estate Market Review for Alamo, CA 94507 for the month of January 2012. Alamo left the doldrums of December behind and started January off well. Active listings are down from December but we have seen movement in the higher end homes priced above $2,000,000. These monthly reports can be volatile so always take a look at a longer time period to determine real trends.
Alamo has 46 homes currently "pending sale"with a high price of $11,800,000 and a low price of $599,000. There is one condos/townhomes "pending sale" currently pending sale priced at $515,000.
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A new year has begun for the Alamo real estate market. The information below compares the first month of the year for 2012 versus 2011. As each month goes by the data will be cumulative. You can review the 2011 versus 2010 statistics for Alamo via the link and the bottom. All in all a good start for Alamo homes...let's hope the trend continues.
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. Contact me for more in depth information about the Real Estate Market in Alamo.
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Mortgage and Market Update for February3rd
Economic News: The employment news is the big headline for the week. Today’s release of the Employment Situation showed robust gains for jobs in January. The 243,000 positions added were well above estimates and the Unemployment Rate declined to 8.3% from 8.5%. Weekly Jobless Claims were in line with estimates and the four week moving average posted declines in 8 of the last nine weeks. ISM Manufacturing and Factory Orders were both well received and show continued expansion in the “goods making” part of the economy. The only softness for the week came in Consumer Confidence and the S&P Case-Shiller Home Price Index.
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In today’s higher end real estate environment there are a lot of good deals out there but things can become a bit complicated when one is trying to sell a one million dollar plus residence while looking to move up. The jumbo mortgage market offerings via Fannie Mae and Freddie Mac are currently capped at 625,000 in most Bay Area cities. While there is a fair amount of true jumbo loans available underwriting is very strict as most of these institutions are keeping these loans “on their books”.There is a perfect home in Alamo for those who are looking to move up:
2503 Royal Oaks Drive in Round Hill Country Club
CLICK ON THE PICTURE FOR ADDITIONAL INFORMATION ABOUT 2503 ROYAL OAKS DRIVE IN ALAMO
It is always my goal to think “Outside the Box” to assist buyers and sellers.
I do not originate mortgages but keep abreast of current market conditions and product offerings. If you are in need of a referral I can provide several top-notch loan professionals for your review.
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As an unincorporated community Alamo, named by the Spanish in 1850 for the poplar trees that lined San Ramon Creek, does not have a government of its own. Police services are provided by the Contra Costa County Office of the Sheriff. Fire and EMS services are provided by the San Ramon Valley Fire Protection District. Click for more from Wikipedia, the free encyclopedia
The first 10 listings homes for sale Alamo CA, sorted by newest listing date first, are displayed below. All listings are available for display by clicking on the “See more city of Alamo real estate.” link located on the right of the header before the first listing.
Showing properties 1 - 10 of 64. See more city of Alamo real estate.
(all data current as of 1/31/2012)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Shown below are Alamo CA real estate trends* in charts for the year to date history of Single Family Homes For Sale in Alamo CA, Pending and Sold by month as well as the single family Median Home Price in Alamo CA and Average Days on Market data. (See Note below on Data Assumptions.)

Alamo CA real estate trends are shown below in charts for the year to date history of Attached (condos, duets and townhomes) Homes For Sale in Alamo CA, Pending and Sold by month as well as the attached Median Home Price in Alamo CA and Average Days on Market data.



Click here for the archive of recent Real Estate Market Updates for Homes for Sale in Alamo CA
Note on Data Assumptions: Data for Median Home Price and Average Days on Market for Homes for Sale and Pending is accurate only for the date the data is extracted and is not a monthly average. Data shown for these categories is extracted at approximately the same time each month so the comparison is relevant on a once a month basis.
* Based on information from the Contra Costa Association of REALTOR’S® MLS (for the monthly period from the first through the last day of the month). Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
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