I  have posted the monthly MLS Statistics for Alamo, California real estate.  Easy to read charts and graphs to provide you with accurate up-to-the-minute information for the local Central Contra Costa County real estate market.  To learn how to interpret this information or further discuss, please feel free to contact me directly or post a comment to the blog. Contact me at (925) 297-5335 (PST) or send an email to Pete@ContraCostaLiving.com. Visit Pete's web site www.ContraCostaHomeSearch.com     06/02/2014

Alamo saw stable numbers for the month of April. Year over year the median sale price has increased 12% from $1,245,000 in April 2013 to $1,400,000 in April 2014. The number of properties sold has gone down slightly over the year, around 12% from 24 to 21 but in the last 4 months that number is only increasing. Hopefully this will continue to rise throughout the year. Another interesting trend in 2014 so far in Alamo is the number of days a property is staying on the market. From January until April, the number of days has decreased from 49 to 22, a decrease of nearly 56%. Real estate values in Alamo are increasing and properties are flying off of the market. It is still a sellers market at this point but with lenders backing off a bit on the scrutiny of borrowers, buyers are regaining... 05/12/2014

Town of Danville Earth Day When: Saturday, April 19th, 2014 11:00 PM - 3:00 PM Where: Town Green, Front Street Description: Alamo's neighboring town of Danville’s Earth Day Event aspires to lead the community towards a greener and more sustainable way of life. Through this annual free event, the Town aims to promote and develop educational opportunities through interactive and engaging vendors, activities and speakers that will inspire the whole family to develop and expand their sense of environmental stewardship.   Co-sponsored by the Town of Danville, Sustainable Danville Area and the San Ramon Valley Library, this event is also intended to celebrate the planet through a variety of hands-on green activities for residents and visitors of all ages. During the 4-hour event, participants... 04/15/2014

Alamo saw growth in all fronts for the month of March. For the last 3 months the number of properties and the sale price has increased. Overall, the market truly seems to be balancing out with increases in inventory and the number of buyers. For March, the median sold price in Alamo shot up from 1.2 million in February to 1.4 million, an increase of nearly 17%. The number of new properties for March 2014 was 32, compared to 35 last March; a slight decrease over the year but month by month we are seeing a steady increase. The increases in properties combined with increasing values is really a sign of good things to come for Alamo. We'll see how April fits into this trend. 04/15/2014

VA Mortgage Loans in Alamo California and 100% VA Loans - the best loan program in the country! Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today. Here are some of the highlights of this incredible program: - 100% financing, no down payment required. - No monthly mortgage insurance. - Compared to other types of mortgage loans, easier credit-qualifying requirements. - Low fixed mortgage rates result in a low monthly payment.   So how do you qualify for a VA Mortgage Loan in Alamo California? First of all, you must verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. An approved Alamo California VA loan lender can order your COE for you, or y... 03/19/2014

There are five new Alamo homes for sale on the market this week in this exclusive East Bay community.  The list of Alamo homes for sale is beginning to lengthen as spring is getting closer, increasing to 46 for sale at this time (not including homes already in escrow).  Alamo is getting a lot of attention from home buyers due to its great location, fine homes and attractive golf course communities Below are listings of Alamo homes for sale placed on the market in the past week.  Click on a property’s Address to view photos and detailed information.  Use the appropriate tabs to request more information or to schedule a visit.   Alamo Homes For Sale This Week   1475 VINE LN, ALAMO, CA 94507 $2,548,000 Bedrooms: 6Bathrooms: 6Sq. Ft.: 11,121 Open House on Sunday, Feb 23, 2014 1:30 PM - 4:00... 02/22/2014

There are eight Alamo homes for sale a week or less today in this exclusive East Bay community.  The list of Alamo homes for sale is beginning to lengthen as spring is getting closer, though there are only 36 for sale at this time (not including homes already in escrow). Below are listings of Alamo homes for sale placed on the market in the past week.  Click on a property’s Address to view photos and detailed information.  Use the appropriate tabs to request more information or to schedule a visit.   Alamo Homes For Sale A Week Or Less   279 CROSS ROAD, ALAMO, CA 94507 $4,425,000 Bedrooms: 5Bathrooms: 5 full | 1 partial         Sq. Ft.: 7,665 ---------------------------------------------------------------- 70 LARK PLACE, ALAMO, CA 94507 $4,295,000 Bedrooms: 5Bathrooms: 5 full | 2 partia... 02/09/2014

Alamo is a unique community in that real estate is always in high demand and 2013 confirmed that. We saw a 29% increase in median sale prices from December 2012 to December 2013, from $1,185,000 to $1,525,000!  And similar to most Bay Area cities, the number of units for sale was down 15%. This was typical for 2013, as the supply was down and demand was high, creating a great sellers market. The great news is that 2014 is only expected to forge ahead with increased home sales and prices. Alamo should expect to come out on top in 2014. Click Here for more Alamo real estate updates. Alamo Community Event - January Alamo’s neighboring town of Danville puts on an incredible Farmers Market every Saturday from 9am to 1pm. Get the freshest seasonal fare in Downtown Danville. You’ll find fruits... 01/22/2014

I  have posted the monthly MLS Statistics for Alamo, California real estate (detached and attached properties).   Easy to read charts and graphs to provide you with accurate up-to-the-minute information for the local Central Contra Costa County real estate market.   To learn how to interpret this information or further discuss, please feel free to contact me directly or post a comment to the blog. Contact me at (925) 297-5335 (PST) or send an email to Pete@ContraCostaLiving.com. Visit Pete's web site www.ContraCostaHomeSearch.com - See more at: http://activerain.com/blogsview/3351204/contra-costa-county-real-estate-supply-and-demand-comparison-for-danville-california-detached-and-attached-properties-april-2012-#sthash.iIF7kyAZ.dpuf       12/11/2013

Alamo real estate activity for the month of October was as follows: 28 New listings priced from $739,000 to $3,585,000 9 Homes went under contract ranging from $949,000 to $1,600,000 - average dayson market of 46 16 Alamo closed sales ranging in price from $700,000 to $2,695,000 - average sales price of $1,399,000 and average days on market of 56. There are currently 46 homes on the market in Alamo and based on the average number of units sold per month, there is approximately 2 months of inventory. For the same time period in 2012, there were 19 units sold in Alamo at an average sales price of $1,246,622. 2013 sales averages are approximately 11% higher then 2012. Search for Homes in Alamo CA 11/20/2013

What is a luxury home? Many describe a luxury home as one with a sales tag of $1,000,000 or more. In the Alamo, Danville or Blackhawk areas this would qualify about 60 percent of the homes  as luxury homes. Alamo - Total Units Sold in 2013= 120   $1,000,000+ Units sold - 95 = 79% of all homes sold are over one million Blackhawk - Total Units Sold in 2013=61; $1,000,000+ Units sold - 46 = 77% of all homes sold over one million Danville - Total Units Sold in 2013=287; $1,000,000+ Units sold 103 = 36% of all homes sold over one million I don't really have a definition for what constitutes a luxury home, because from where I come from million dollar homes were only for the rich. Yesterday a home in Alamo came on the market at $42,000,000 - now that is definitely luxury (ah don't I wish it ... 06/28/2013

Alamo real estate sales have showed an overall increase in average sales prices of 6% year to day thru May 2013. Homes in Alamo range at any given time between high $700,000 to $5,000,000 plus. Therefore, the data below are averages for all homes in Alamo. Alamo activity for May: 37 new listings, pried from $992,500 to $4,395,000 12 received contracts, priced from $999,500 to $4,495,000 29 closed sales, priced from $772,000 to $1,906,300 Comparision of Alamo Sales Activity for May 2013 vs May 2012 One of the significant aspects of the data is the number of days from list to contract is down 200%, due to the high demand of buyers in this market. Looking to purchase a home in Alamo - Here is what is currently on the market 06/22/2013

Spectacular panoramc views from almost every room in this 4 bedroom home located in Alamo Roundhill Estates. The custom built home is located on just under one acre of land. Some of the amenities include: Formal dining room Formal living room Family Room Bar 3.5 Baths 3 Fireplaces Solarium Hardwood floors Priced at $1,475,000 is definitely a must see! 05/03/2013

Mortgage and Market Update   Economic News...Both the debt and equity markets clawed their way higher this week. Two words summed up the Existing Home Sales Report: Tight Inventory. Sales did not meet expectations but this was not due to buyer demand. The pricing component was also exceptionally strong. New Home Sales came in slightly under consensus. Weekly Jobless Claims posted a nice number while Consumer Sentiment beat estimates which hopefully points to a nice May. Lastly, Gross Domestic Product, limped in at a disappointing 2.5% compared to the 3.1% forecast.   Mortgage Markets...The weaker than expected GDP number has helped mortgage rates today. The 10 Year Note closed trading at 1.668% which is just slightly better than last week’s closing yield of 1.707%.   Next Week’s Market ... 04/26/2013

  Economic News...was a little weaker than expected. The ISM Manufacturing Index and Factory Orders results were mixed. While the headline figures were tepid there was some positive data hidden in the underlying numbers. Employment stats for the week were the real market driver. On Wednesday, the ADP Employment Report results predicted a weaker Employment Situation in Friday’s release. This came true with today’s announcement of 88,000 jobs created versus the 193,000 expected. The unemployment rate trended lower to 7.6% but the labor force participation rate dropped from 63.5% to 63.3% which is a level not seen since 1979. Is the Bay Area housing market feeling any pullback from weaker data lately? Not hardly, as new and crazier stories about multiple offers, international buyers, all c... 04/05/2013

  Mortgage and Market Update...Spring Has Sprung!!!   Economic News...There was a lot of housing news released this week. The Housing Market Index (gauge of new home sales) declined for the second month in a row but when you look at the forward data things are pretty good. In addition, the Western Region leads the way by a wide margin. Housing Starts numbers looked just OK but permits made excellent headway in January. This report can be all over the map from month to month due to weather conditions and as well as the volatile multi-family sector. Existing Home Sales, while just missing expectations, were positive. The supply of homes for sale jumped 9.6% nationwide and the months of available homes increased to 4.7 from 4.3. If we could only  find more inventory in the Bay Area! Lastly... 03/22/2013

Mortgage and Market Update Economic News...for the week was fairly light and mostly benign. Factory Orders, while not meeting expectations, still showed some strong points in the underlying data. The ISM Non-Manufacturing Index results were inline with expectations, indicating continued economic growth. Weekly Jobless Claims remain range bound and the four week moving average continues moving lower. Things are changing with FHA loans as the Mortgage Insurance Premiums are set to increase and most buyers will be required to pay this over the life of the loan versus the old 78% loan-to-value threshold. Next week remains fairly quiet for economic reporting but...don’t forget that Valentine’s Day is on Thursday!Mortgage Markets...The debt markets have calmed down a bit this week although th... 02/08/2013

Mortgage and Market Update Economic News...was heavy this week and, despite a few bumps, was strong enough for the equity markets to continue their winning ways. News on the inflation front was tame as both the Producer Price Index and Consumer Price Index pulled back. Retail Sales for December rebounded from weaker November levels and were up .50% versus the expected .20%. Industrial Production came in above estimates and provided a positive view on the manufacturing sector which had been a concern recently.  Housing Starts for December grew sharply with the Multi-Family group leading the way. Single Family Home Starts were not far behind. The Housing Market Index cooled a bit after a long run of gains with the West posted the best results. Finally, Consumer Sentiment continued to soft... 01/18/2013

Mortgage and Market Update Economic News: The big news for the markets this week was the closure of the exchanges for two days in the aftermath of Sandy. The economic reports for the week were not nearly as tumultuous or destructive. The Case-Shiller Home Price Index notched a 2% YOY gain in the 20 markets tracked. Consumer Confidence continued to improve and both personal spending and incomes were up. Unfortunately, higher energy prices did eat into those gains. Manufacturing and Factory Orders were positive as well. On the jobs front the ADP & Employment Situation reports came in more bullish than expected but the unemployment rate did go up a tick from 7.8% to 7.9%. Mortgage Markets: Mortgage Backed Securities are finishing off the week well in spite of the better than expected Emplo... 11/02/2012

Mortgage and Market Update Economic News: Housing led the way in last week’s economic news. The Case-Shiller Home Price Index reaffirmed the sentiment of housing sector improvement (which those of us in the Bay Area have known about for a while). Price increases were reported for the fifth month in a row. Pending Home Sales did not disappoint either rising 2.40% on a month over month basis. News on the consumer was a bit conflicted. Consumer Confidence was lower than expected with worries persisting about the future of jobs and the economy. On the other hand, Consumer Sentiment, posted nice results to end August. This report is more weighted toward current conditions. Rounding out last week were Gross Domestic Product, Weekly Jobless Claims and Factory Orders. GDP was revised higher, jo... 09/03/2012