Alamo, Danville CA Real Estate Trending

Will 2013 be the year that buyers and sellers in Alamo & Danville finally return to the market?

alamo danville home valuesMany local real estate professionals in Danville & Alamo believe 2013 will be a good year to be a home seller because there are fewer homes on the market, propping up prices, and mortgages are more easily available.

“Sellers will be in control next spring as inventories are low and financing is available,” says Ron Throupe, assistant professor at the Franklin L. Burns School of Real Estate and Construction Management at the University of Denver.

Real estate and home values are hyper local. While Alamo and Danville abut each other, and though the forces affecting the market are the same, the neighborhoods in these East Bay communities trend differently.

 Single family detached home sales – Alamo & Danville:

 (last 4 months) Alamo Danville
Total Sold 70 231
Short Sales 7 45
REOs 5 12
Under $1 Million 20 184
% of Listing Price Received 93.40% 99.60%
$1 Mil. To $1.5 Miil. 36 34
% of Listing Price Received 99.80% 102.00%
Over $1.5 Milliom 14 13
% of Listing Price Received 98.30% 98.00%

 10-Year Median Home Price Trend – Alamo & Danville

Alamo Home Appreciation

Danville Home Appreciation

Danville CA Home Values

While low inventory of homes for sale is motivating sellers, low mortgage rates are motivating buyers – BUT – the factor likely to have the biggest impact on real estate this year is the availability of credit. Big banks continue to be tight with loans because of the ultra-low interest rates mortgages fetch. This and the current appraisal being controlled by banks are mediating a rise in home values that would happen based simply on supply and demand market dynamics.

2013 may be another year of anomalies for East Bay real estate – fewer foreclosures and fewer houses to sell while interest rates remain at historic lows. Home sellers are encouraged to talk in-depth with their Realtor about how to maximize their selling price given the market dynamics – but the banks and appraisal process has to be taken into consideration.

Buying or selling a home in Alamo or Danville?

You can get more specific details by emailing Craig and requesting a Real Estate Pricing Specific Trend Report – be sure to specify a zip code and price range.

We're sorry, but there’s nothing to display here; MLS data service is not activated for this account.

This entry was posted in Alamo and tagged , , , , , . Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared.

You may use these HTML tags and attributes <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  • Featured News

    Featured News

  • Read Our Reviews on Yelp

    • Photo of Mike M.

      I've seen behind the curtain (so to speak) and as a person who might know a thing about tech I can honestly HIGHLY recommend the Harper Team based on their... Read More »

    • Photo of Terri P.

      My husband and have purchased 15 properties between us. In all the years of buying/selling real estate, the Harper Team is the cream of the crop of real... Read More »

    Powered by Yelp
  • Follow Our Progress

    • Danville Real Estate News
    • San Ramon Real Estate News
    • Read Our 5 Star Reviews on YelpFollow Us on Yelp
  • Archives