Alamo 18 Year Real Estate Market Trends
Here is a look at the Real Estate Market for the past 18 Years in Alamo, CA. The Market Report shows a trend for the past 18 years, which is rather interesting. Homes in Alamo, CA consistently sell for less than the List Price. This trend shows that Buyers in Alamo are savvy and negotiate with Sellers for a reduced sales price. Look at the graph below and you will see the 18 year trend showing the consistent difference between average list price and average sales price.
In 1997 and 1998 Alamo saw an explosion of homes for sale. That increase in homes for sale actually related to the growth of the city. There were several new home communities that were built in 1996-1998 such as Alamo Country Club, Round Hill Country Club, Stonebridge Estates and The Trails. It’s incredible to see what they were purchased at in the late 1990’s compared to what the market values are today.
If you are interested in seeing the market value for your home, please contact me, Rama Mehra at (925) 415-0835 or fill out the form below and I will send you a personalized market analysis of your home.