This Alamo housing market report is a 3 year quarterly analysis of how prices are trending for single family homes in the city. In 2011 Q 3, the median price of single family homes sold was $1,140,000. In Q 3, 2014 single family homes values went up an astounding 39% to $1,584,500.
Median For Sale vs Median Sold for Alamo single family homes- Q3-2011 vs Q3-2014: The median price of for sale properties is up 31% and the median price of sold properties is up 39%
Supply & Demand by quarter- Q3-2011 vs Q3-2014: The number of for sale properties is down -27% and the number of sold properties is up 32%. In Q 3, 2011 there were 191 units for sale and in Q 3, 2014 there were only 140 units for sale, creating a reduction of 27%in inventory. Number of Sold single family homes in Alamo is up 32%; 2011 had 65 units sold as opposed to 2014 with 86 units closed.
The Average Days on Market by quarter- Q3-2011 vs Q3-2014: The average days on market is down -33%. In 2011 the days on market for these Alamo homes for sale was 58 days. In 2014, the days on market for Alamo was 39. The demand and prices in Alamo have increase dramatically and the demographic movement to this city is creating new heights.
Fore more information on how to price your Alamo home for sale, please contact Rama at 925-415-0835. You will get price recommendations based on data sets and location adjustments.