Danielle Cranston's Market Update

Alamo, CA

Single-Family Homes

925-451-6338



Alamo, CA

Tue Nov 24 2020
This week the median list price for Alamo, CA is $2,695,000 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has held steady at or around 33. Click here to stay informed with the Alamo market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Alamo, CA

Tue Nov 24 2020
This week the median list price for Alamo, CA is $2,695,000 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has held steady at or around 33. Click here to stay informed with the Alamo market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Alamo market.
Median List Price $2,695,000
Per Square Foot $609
Days on Market 78
Price Decreased 36%
Price Increased 0%
Relisted 21%
Inventory 33
Median Rent $2,150
Most Expensive $19,800,000
Least Expensive $1,330,000
Market Action 50
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$7,149,500 12,174 2.5 - 5 acres 6 7 14 0 0 107
$3,374,000 5,220 0.5 - 1 acre 5 5 27 0 0 105
$2,099,997 4,111 0.5 - 1 acre 4 3 28 3 2 71
$1,798,880 2,938 0.5 - 1 acre 4 3 43 1 4 33