Alamo Real Estate

August Real Estate Update

Alamo is experiencing an increase in sold prices by 7% of about $110,000, causing the average sale price to have increased over 3% by $51,600.  Supply is short for buyers looking to buy but expired properties have decreased 11% which…

July Real Estate Update

Houses on the market are slowly but surely decreasing their time on the market, bringing with it less expired properties by an 11% decrease. Although there is decrease in the amount of properties sold by 12%, there is an increase…

April Real Estate Update

If you’re planning to shop for a home in the Bay Area this spring, you would do well to have more than $200,000 in the bank for a down payment. That’s according to a realtor.com study, which analyzed the 50…

March Real Estate Update

California ranks as the second least affordable state for millennial homebuyers behind Hawaii, with mortgage principal and interest payments accounting for more than one-third of the average household income. According to the California Association of Realtors’ most recent Housing Affordability…

February Real Estate Update

Rising prices are curtailing investment activity as the California housing market recovery continues. That’s proving especially true in expensive Bay Area markets. As for Alamo, the median sale price was up year over year by 7%, going from $510,000 to…

January Real Estate Update

Now is a good time to set some realistic real estate goals for the weeks and months ahead. Home resale inventories increased slightly, with a 3 percent increase. As for Alamo, the median sale price went up year on year…

December Real Estate Update

Most Bay Area housing markets were not among the 48 percent where annual wage growth was higher than home price appreciation. Affordability increased in every local county in the third quarter. Unfortunately, the region’s home price growth continues to outpace…

November Real Estate Update

California has the nation’s tightest supply conditions, according to a January report from John Burns Real Estate Consulting. San Jose, Los Angeles, and San Diego are among the nation’s five most undersupplied markets relative to population growth. As for Alamo,…

October Real Estate Update

Home shoppers across major California regions — including the Bay Area — were quite active, boosting annual sales volumes by double-digit percentage points. As for Alamo, the median sale price went up year on year by 17% from $1,575,000 to…

September Real Estate Update

Following an active second quarter, single-family residential market in the Bay Area neighborhoods has only strengthened. Prices and total sales were up, and it took less time to sell a home. As for Alamo, the median sale price was up…